News
Iron ore falls as China allows purchases of banned BHP portside cargo
6+ hour, 36+ min ago (269+ words) SINGAPORE: Iron ore futures fell on Tuesday after two consecutive sessions of gains, as supply concerns eased after news that China's state buyer had allowed some local steelmakers to purchase previously banned BHP cargoes piling up at ports. The most-traded…...
Copper leaps to three-week high on US-Iran ceasefire
2+ week, 5+ day ago (353+ words) LONDON: Copper jumped to a three-week high on Wednesday after US President Donald Trump agreed to a two-week ceasefire with Iran, easing fears of a global economic slowdown as a result of the Middle East conflict. Benchmark three-month copper on…...
Copper rises on strong demand prospects in China; Iran war caps gain
3+ week, 4+ hour ago (337+ words) Copper rose on Tuesday with the prospect of stronger demand in China, even as investors remained cautious over the Middle East war as Washington's deadline for Iran to open the Strait of Hormuz loomed. The benchmark three-month copper on the…...
Copper falls as oil-driven inflation fears take on strong China data
1+ mon, 1+ week ago (296+ words) LONDON: Copper fell on Monday, as heightened inflation fears amid rising oil prices overpowered positive cues from estimates-beating economic and investment data from China. The most-active copper contract on the Shanghai Futures Exchange closed daytime trading down 0. 87percent at 99, 720 yuan (USD14, 452. 59) a…...
Industrial metals slide as oil surge fuel inflation, growth worries
1+ mon, 1+ week ago (361+ words) LONDON: Industrial metal prices came under pressure on Monday as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth prospects, traders said. Benchmark copper on the London Metal Exchange was down…...
Copper falls as higher oil prices stoke inflation fears
1+ mon, 1+ week ago (399+ words) Copper fell on Monday as elevated oil prices fuelled inflation concerns, supporting the US dollar and dampening expectations for rate cuts by the Federal Reserve. The most-active copper contract on the Shanghai Futures Exchange declined 1. 28% to 99, 310 yuan ($14, 390. 04) a metric ton,…...
Iron ore retreats as Chinese iron ore buyer eases buying ban
1+ mon, 1+ week ago (349+ words) SINGAPORE: Iron ore futures retreated from two-month highs on Monday as China's state-backed iron ore buyer eased a ban on a product from top miner BHP until next week, while weaker steel output and property data weighed on sentiment. The…...
India's JSW Steel secures coking coal mining project in Mozambique: statement
1+ mon, 2+ week ago (118+ words) Business Recorder JSW Steel, India's largest steelmaker by capacity, has secured a coking coal mining project in Mozambique, the company said in a statement late Friday, to ensure long-term supply of the key input for steel production. The Mozambique project…...
BHP Australia boss in running to lead Woodside, Bloomberg reports
1+ mon, 2+ week ago (170+ words) PERTH/MELBOURNE: Global miner BHP's Australia President Geraldine Slattery is among the "contenders for the top job at "Woodside Energy, Bloomberg reported on Friday, citing people familiar with the situation. Woodside is expected to name a replacement for Meg O'Neill…...
Iron ore wobbles as investors weigh rising freight costs against falling demand
1+ mon, 3+ week ago (266+ words) BEIJING: Iron ore prices wobbled on Tuesday, as investors weighed rising freight costs due to a widening Iran conflict choking shipments via the crucial Strait of Hormuz against falling demand amid production restrictions among Chinese steelmakers. An Iranian Revolutionary Guards…...