Metals News Results

  • BRIEF-Newmont Sees Scope for Consolidation Among Gold Companies

    Newmont Corporation (NEM): * NEWMONT SAYS EXPECTS COVID ABSENTEEISM AND TIGHTENING OF CANADIAN LABOR MARKET TO CONTINUE INTO 2022 - CONF CALL. * NEWMONT SAYS THERE'S AN OPPORTUNITY FOR CONSOLIDATION AMONG PUBLICLY LISTED GOLD COS IN TERMS OF ADDITIONAL OVERHEADS - CONF CALL.

  • PRECIOUS-Gold rises after slowing U.S. growth boosts appeal

    * USD slips 0.6% against rivals. * U.S. GDP slows to 2% in Q3. * Palladium, platinum rise more than 1% each. By Amy Caren Daniel. Gold prices rose on Thursday after data showing the U.S. economy grew at its slowest pace in more than a year boosted demand for the safe-haven metal and weakened the dollar. Spot gold rose 0.4% to $1,803.68 per ounce by 11:49 a.m. ET.

  • PRECIOUS-Gold gains on softer U.S. bond yields, ECB keeps policy unchanged

    * Focus also on Q3 U.S. GDP. By Arundhati Sarkar. Gold prices rose on Thursday, drawing support from softer U.S. bond yields and the European Central Bank's decision to keep policy unchanged as expected, which allayed investor fears of an imminent interest rate hike. Spot gold was up 0.3% to $1,802.60 per ounce at 1238 GMT.

  • METALS-Aluminium bounces back as supply fears grow

    Aluminium rebounded from two-month lows on Thursday as traders refocused on the impact that power restrictions in China will have on energy-intensive smelters producing the metal. Prices plunged on Wednesday after China's state planner said it would step in to cool soaring prices for coal, which powers aluminium smelters, during a severe power crunch.

  • PRECIOUS-Gold gains on weaker U.S. bond yields ahead of ECB meet

    * ECB decision at 1130 GMT, news conference to follow. * Focus also on Q3 U.S. GDP. * WGC expects physical demand in India to strengthen in Q4. By Arundhati Sarkar. Gold rose on Thursday, hovering above the $1,800 mark as softer U.S. Treasury yields lifted its appeal, while investors await the European Central Bank's remarks on inflation and policy outlook when it meets later in the day.

  • PRECIOUS-Gold holds firm above $1,800 as U.S. bond yields weaken

    * BOJ maintains easy policy, lowers inflation projections. * Negative real yields could help gold rise above $1,850/oz- ANZ. By Nakul Iyer. Gold prices consolidated slightly above the key $1,800 level on Thursday, supported by softer U.S. bond yields as investors focused on how central banks respond to rising price pressures. Spot gold rose 0.3% to $1,802.40 per ounce by 0727 GMT.

  • PRECIOUS-Gold firms as U.S. bond yields weaken; focus on ECB, BOJ meetings

    Gold prices consolidated near the key $1,800 level on Thursday, supported by a pullback in U.S. bond yields as investors looked forward to key central bank meetings for clues on whether they would consider tightening monetary policy earlier than thought. FUNDAMENTALS. * Spot gold was up 0.1% at $1,799.13 per ounce, as of 0208 GMT.

  • Fortescue Says Iron Bridge Project Achieves Key Milestones -- Commodity Comment

    Fortescue Metals Group Ltd. Thursday said first-quarter iron-ore shipments were up 3% year-on-year, but 8% weaker than the preceding three months. Here are some remarks from its operational report. "In a strong start to FY22, mining, processing, rail and shipping combined for record first-quarter shipments of 45.6 million tons, 3% higher than the prior comparable period.

  • Newcrest Expects Higher Gold, Copper Output in 2Q -- Commodity Comment

    Newcrest Mining Ltd. Thursday reported weaker gold and copper production quarter-on-quarter, mostly because of planned shutdowns at some of its operations. Here are some remarks from its first-quarter operational report. "Gold production was 27% lower than the prior period mainly driven by lower mill throughput rates at Cadia, Lihir and Telfer.

  • Newcrest Gold, Copper Production Falls Quarter-on-Quarter

    Newcrest Mining Ltd. (NCMGF) said it produced less gold and copper during its first fiscal quarter versus the preceding three months because of mostly planned maintenance and upgrade work. The Australia-based mining company Thursday reported 396,214 troy ounces of gold production for the three months through September, down from 542,332 ounces in the quarter immediately prior. Quarterly copper production totaled 24,527 metric tons, down from 38,370 tons over the same period.

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