Metals News Results

  • Gold Demand Steadies as Jewelry Buyers Counter Falling Investor Appetite

    Gold demand was little changed in the first half of the year as a rebound in consumer demand for bars, coins and jewelry counteracted waning appetite from institutional investors, the World Gold Council said Thursday. Global demand for the precious metal stood at 1,833 metric tons in the first half of the year, 10% less than during the same period in 2020, the WGC said in its quarterly report. Demand in the second quarter stood at 955.1 tons, largely unchanged from the same period last...

  • BHP Inks Nickel Supply Deal With Tesla

    SYDNEY--BHP Group Ltd. (BHP) said it has signed a supply deal with Tesla Inc. (TSLA) for nickel, a commodity used in electric- vehicle batteries, from its Nickel West operations in western Australia. The world's biggest miner by market value said it and Tesla have also agreed to collaborate on sustainability efforts in the battery industry supply chain, such as ways to trace raw materials from pit to product using blockchain. BHP Chief Commercial Officer, Vandita Pant, said demand for nickel in...

  • BHP Expects Covid-19 to Remain a Challenge for Chile Mines -- Commodity Comment

    SYDNEY--BHP Group Ltd. Tuesday reported a lift in fiscal-year iron ore production, although weaker annual output of copper and petroleum. Here are some remarks from its fourth-quarter operational report:. "We achieved production records at our Western Australia Iron Ore operations and the Goonyella Riverside metallurgical coal mine in Queensland.

  • Rio Tinto Says Major Miners' Iron-Ore Supply Lagging Expectations -- Commodity Comment

    Rio Tinto PLC (RIO) on Friday recorded a sharp fall in second-quarter iron-ore shipments from Australia, while also notching year-on-year production declines for bauxite and copper. Here are some remarks from its operational report:. "The iron-ore price has remained resilient on a surge in demand while supply has struggled to keep pace.

  • China Investigates Bulk Commodity Prices and Supplies

    China's top economic planner and market regulator have sent teams to investigate recent price and supply trends of bulk commodities, the latest move by Beijing to rein in the sector's sharp rally this year. The groups, made up of officials from the National Development and Reform Commission and the State Administration for Market Regulation, will visit various cities and provinces to find out more about spot trading in commodities and the recent upstream supply and price...

  • Australia Logs Record Trade Surplus in May Led by Commodity Exports

    SYDNEY--Australia posted a record trade surplus in May, boosted by surging volumes and higher prices for its commodity exports. The country's trade surplus stood at 13.3 billion Australian dollars, according to preliminary estimates released by the Australian Bureau of Statistics on Wednesday. Iron ore, together with strong coal and meat exports, helped increase total exports to a record A $39.2 billion, up 11% from April.

  • DBS Group Begins Trading Commodities on London Metals Exchange

    DBS Group Holdings Ltd. (DBSDF) has begun trading commodities on the London Metals Exchange, the world's major trading platform for industrial metals. The Singaporean bank is currently one of four Category 4 members on the LME, which allows it to trade and issue client contracts but doesn't give it clearing abilities. It is also the first bank in Asia to be issued a LME membership registered outside of London, it said Monday.

  • China Shanghai Gold Futures Closing Prices, Volume

    Friday, June 11 2021 Gold Turnover: 185,381 lots Open High Low Settle Prev. Change Vol Open Settle Interest Jun-21 388.00 388.00 386.00 387.32 385.62 1.70 9 522 Jul-21 387.06 389.00 386.10 387.50 385.76 1.74 17 137 Aug-21 386.72 389.80 385.86 387.64 385.76 1.88 47,774 48,707 Oct-21 387.40 390.34 386.56 388.34 386.36 1.98 30,427 43,922 Dec-21 387.94 391.32 387.28 389.08 387.20 1.88 107,043 161,262 Feb-22 389.16 391.88 388.76 390.68 387.58 3.10 51 121 Apr-22 390.92 392.34...

  • China Shanghai Gold Futures Closing Prices, Volume

    Thursday, June 10 2021 Gold Turnover: 182,944 lots Open High Low Settle Prev. Change Vol Open Settle Interest Jun-21 385.50 386.16 384.08 385.62 385.90-. 28 60 528 Jul-21 386.86 387.38 384.06 385.76 386.08-. 32 68 137 Aug-21 386.72 387.68 383.58 385.76 386.32-. 56 37,351 57,826 Oct-21 387.02 388.34 384.20 386.36 386.90-. 54 28,090 47,393 Dec-21 388.22 389.16 384.88 387.20 387.76-. 56 117,279 161,767 Feb-22 388.94 389.54 386.10 387.58 388.64 -1.06 60 122 Apr-22 390.38 390.66 388.82...

  • China Shanghai Gold Futures Closing Prices, Volume

    Wednesday, June 9 2021 Gold Turnover: 150,437 lots Open High Low Settle Prev. Change Vol Open Settle Interest Jun-21 385.28 388.10 384.12 385.90 385.36. 54 1,185 561 Jul-21 386.38 386.84 384.84 386.08 386.50-. 42 39 124 Aug-21 386.46 387.30 384.66 386.32 386.78-. 46 32,461 60,816 Oct-21 386.58 387.94 385.26 386.90 387.40-. 50 23,418 46,416 Dec-21 387.46 388.80 385.96 387.76 388.22-. 46 93,176 160,266 Feb-22 388.82 389.18 388.10 388.64 389.02-. 38 131 115 Apr-22--- 389.58 389.58. 00 0 104...

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