By Myra P. Saefong and Mark DeCambre, MarketWatch. Silver, copper futures edge higher. Gold prices enjoyed a fillip from haven buying on Wednesday as a retreat in assets considered risky, amid political uncertainties like Brexit, underpinned gains in the yellow metal.
Norsk Hydro ASA (NHYKF) said Wednesday that demand for primary aluminum will exceed production this year even as the slowing world economy weighs on consumption. Here are some highlights from the Norwegian metal producer's third-quarter earnings report. Norsk Hydro (NHYKF) said global demand for primary aluminum could fall by up to 0.5% this year, as consumption slows in China and shrinks elsewhere.
Unrest in Chile is likely to reduce copper output by Antofagasta PLC (ANFGF) this year, the mining company said Wednesday. Here are the highlights of its third-quarter production report. Antofagasta (ANFGF) said it produced 584,200 metric tons of copper in the first nine months of the year, 16% higher than during the same period of 2018. Driving the increase: higher grades of copper ore at Centinela in northern Chile, and higher volumes of material passing through Centinela's concentrate and...
Antofagasta PLC (ANFGF) said Wednesday that copper production in the first nine months of the year rose 16% and that recent civil unrest in Chile could potentially disrupt operations. The London-listed, Chile-based copper miner said that the unrest in Chile could alter the delivery of supplies and the transport of employees and contractors, and that it expects the impact on production to be approximately 5,000 tons. The company said that year-to-date copper production rose to...
London nickel fell on Wednesday, after a short rebound in the previous session, while Shanghai nickel rose tracking overnight gains in London. Three-month nickel on the London Metal Exchange fell 1.1% to $16,320 a tonne by 0231 GMT, reversing a 2.5% jump in the previous session.
By Andy Home. Another year, another portfolio review by Alcoa (AA). The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. Assets will be improved, curtailed, closed or sold.
A booming rally in the silvery-white metal palladium has continued in October, underscoring how bets on the future of auto technology and environmental regulations continue to ripple through commodity markets. Used in catalytic converters that scrub emissions in gasoline car engines, palladium has soared about 5% this month, bringing its 2019 rally to nearly 45%. Last week, it closed at an all-time high of $1,735 a troy ounce.
By Myra P. Saefong and William Watts, MarketWatch. Silver prices pull back after Monday's rise. Gold prices ended a bit lower Tuesday, finding few decisive catalyst as investors kept an eye on developments surrounding Brexit and U.S.-China trade talks.
* UK PM Boris Johnson faces votes at 1800 GMT. * Traders see 89% chance for 25-bps rate cut by Fed- FEDWATCH. By K. Sathya Narayanan. Gold steadied in a tight range on Tuesday as investors adopted a cautious approach ahead of a crucial Brexit vote, while focus shifted to the U.S. Federal Reserve's stance on interest rate cuts. Spot gold was steady at $1,484.60 per ounce as of 1:41 p.m. EDT.
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