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Copper is a base metal that is a building block for infrastructure around the world. Copper is also a barometer of the overall health and wellbeing of the global economy. As the world has come down with a case of Coronavirus with no treatment or vaccine, the health of the globe has deteriorate...
Workers at BHP's ( BHP -11.8% ) Escondida copper mine in Chile say they want authorities to shut down the site unless management begins to implement stricter measures to prevent the spread of the coronavirus. More news on: BHP Group, iPath Bloomberg Copper Subindex Total Return ETN, Gl...
Mining stocks are set to suffer today from tumbling metal prices, as stimulus measures fail to improve investor confidence over the rapidly deteriorating global economic outlook. More news on: Rio Tinto Group, BHP Group, Vale S.A., Commodities news, Stocks on the move, Top stock market new...
Newmont ( NEM +11.5% ) says it will ramp down operations at its Yanacocha gold mine in Peru, after the government imposed a 15-day national quarantine to stop the spread of coronavirus. More news on: Newmont Corporation, Compañía de Minas Buenaventura S.A.A., Anglo American p...
Copper prices ( HG1: COM ) slip to their lowest levels since November 2016 among demand worries prompted by the coronavirus outbreak in Europe and the U.S., but today's 1%-4% declines in industrial metals are more measured than in equity and oil markets; May Comex copper -3.2% to $2...
Doctor Copper is the red metal that is a building block for infrastructure around the globe. Copper has a long history as a barometer for the overall health and wellbeing of the worldwide economy. Since China is the leading consumer of the nonferrous metal, copper is often a proxy for economic...
Diversified global miners lead the rebound in European bourses, with Rio Tinto (NYSE: RIO ) +12.3% , BHP +13.3% , Glencore ( OTCPK:GLNCY ) +10.7% , Anglo American ( OTCPK:AAUKY ) +13.1% in London trade. More news on: Rio Tinto Group, BHP Group, Glencore plc, Commodities news, Stocks...
Copper fell to its lowest in more than three years after the U.S. imposed curbs on travel from Europe due to the coronavirus. More news on: Freeport-McMoRan Inc., Teck Resources Limited, Southern Copper Corporation, Commodities news, Stocks on the move, News on ETFs, Read more ...
By Dimitry Dayen, CFA and Jeffrey Schulze, CFA In a flashback to the 2014 Thanksgiving massacre, the OPEC+ deal to further cut crude oil production was blocked last week by Russia, which refused to cut its own production significantly under an ultimatum from Saudi Arabia. Saudi Aramco init...
The price of nickel rose to highs in 2019 as the world's leading producing nation, Indonesia, moved forward its mineral export ban of the metal to January 1, 2020. Source: Nickel production top countries 2019 - Statista While Indonesian output leads the world, the Philippines is the ...