Metals News Results

  • METALS-Aluminium climbs after smelters curtail output due to power prices

    Aluminium prices rose on Thursday after two smelters cut production due to high power prices, fuelling concerns about potential shortages. Three-month aluminium on the London Metal Exchange had climbed 0.5% to $2,823.50 a tonne by 1000 GMT after two days of losses. Shanghai aluminium rose as much as 3.6% to 20,585 yuan a tonne, its highest since Oct. 27.

  • METALS-Copper slips in range-bound trade, aluminium shines on supply worries

    Copper prices edged down in range-bound Asian trading on Thursday as 2021 draws to a close, but persisting concerns over supply propelled Shanghai aluminium to a two-month high. Three-month copper on the London Metal Exchange was down 0.1% at $9,667 a tonne by 0333 GMT, after touching a one-month high in the previous session.

  • Alcoa to halt primary aluminium production in Spain for two years

    Alcoa Corp (AA) reached a deal with workers to end primary aluminium production at its San Ciprian facility in Spain for two years, the Industry Ministry said on Wednesday, as soaring European energy prices pressure heavy electricity users.

  • PRECIOUS-Gold slips to 1-week low as equities thrive; dollar dip contains losses

    * Gold prices to hover around $1,800 mark in Q1 of 2022 -analyst. * Gold faces biggest annual decline since 2015. By Kavya Guduru. Gold prices slid to a one-week low on Wednesday, dragged by growing appetite for riskier assets and firmer U.S. Treasury yields, although the metal pared some earlier losses on a weakening dollar.

  • BRIEF-Barrick Gold Corp - North Mara Achieves Tailings Storage Target

    Barrick Gold Corp (GOLD): * Barrick Gold Corp (GOLD) - NORTH MARA ACHIEVES TAILINGS STORAGE TARGET. * BARRICK GOLD (GOLD) - NORTH MARA MINE ACHIEVED COMMITMENT TO BRING OPERATION'S TAILINGS STORAGE FACILITY'S POND BACK WITHIN PERMITTED DESIGN CAPACITY Source text for Eikon: Further company coverage:

  • PRECIOUS-Gold eases from one-month peak as dollar and equities climb

    * Cenbank policies to be a market driver in 2022 -analyst. * Gold faces biggest annual decline since 2015. By Swati Verma. Gold prices retreated on Wednesday from a more than one-month peak hit in the last session, as a stronger U.S. dollar and increased appetite for riskier assets depressed sentiment.

  • Thirty-One killed in Sudanese gold mine collapse -official

    - At least 31 people were killed in the collapse of a private gold mine in western Sudan, a mining official told Reuters on Tuesday. "Thirty-one bodies were recovered after the collapse of a gold mine in En Nahud‮ ‬locality in West Kurdufan state.

  • PRECIOUS-Gold perched at one-month high on inflation worries

    * Investment demand for gold quite flat -analyst. * Rallying world equities cap gold's gains. By Kavya Guduru. Gold scaled a one-month high on Tuesday as recent signs of rising inflation underpinned demand, although the metal gave up some early gains due to a firming U.S. dollar. Spot gold was last up 0.1% at $1,812.30 per ounce by 10:44 a.m. EDT, after hitting its highest since Nov. 22 at $1,820.

  • PRECIOUS-Gold hits more than one-month peak as dollar subsides

    * Investment demand for gold quite flat -analyst. * Rallying world equities cap gold's gains. By Seher Dareen. Gold prices climbed on Tuesday as the U.S. dollar weakened and concerns over the spread of the Omicron coronavirus variant led bullion's year-end rally to a more than one-month high.

  • PRECIOUS-Gold prices off one-week high as risk appetite improves

    * Short-dated Treasury yields hit 22-month high. * Crude oil prices recover. By Bharat Gautam. Gold prices slipped from a one-week high in thin trading on Tuesday, as easing concerns over the Omicron coronavirus variant and strong U.S. retail sales data boosted risk appetite. Spot gold was down 0.1% at $1,809.68 per ounce by 0457 GMT, after hitting its highest since Dec. 17 on Monday.

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