Comex copper prices surged back up to a mid-October high during a volatile week that saw the red metal unable to establish a clear price direction amid competing macroeconomic factors.The copper price for December settlement on the Comex division of the New York Mercantile Exchange jumped by 8.60 cents to $2.8075 per lb. Earlier today in trading, the contract touched a high of $2.8090, the highest...Read More

Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More

A century after many of Chile's mines in the arid northern region were first opened, finding copper, or lithium, or gold or silver isn't as easy as it once was. The concentration of minerals in the earth decreases as the miners dig deeper, meaning companies need to process more ore to extract the same amount of metal - a messy and highly polluting process to begin with. To fuel that effort, they...Read More

LUSAKA, Nov 2 - Power supply to some mines in Africa's second-biggest copper producer was cut due to a technical fault, Zambian state power firm Zesco said on Friday."We had a system disturbance which led to loss of power on the Copperbelt, including the mines," the utility's spokesman Henry Kapata said."We are investigating the cause of the disturbance. Power restoration has started but it will b...Read More

Cardero Resource Corp. (TSXV: CDU) announced today that it has completed the acquisition of an undivided 100% interest in the Zonia copper deposit, originally owned by Redstone Resources Corp.The Zonia Copper Oxide Project, located in central Arizona, has been held under private ownership for almost 100 years and has undergone comprehensive exploration, metallurgical studies and mine development p...Read More

By Suvashree ChoudhuryMUMBAI, Nov 2 (Reuters) - The Indian rupee was the second-best performer in Asia, rising the most in over five years on Friday, on lower global oil prices and as China and the United States expressed optimism about resolving their bruising trade war.A decline in oil prices and the rally in the currency also boosted bonds, which rose to their highest in nearly two months."Afte...Read More

China's month-on-month new electric vehicles (NEV) sales rebounded in August after month-on-month declines in June and July. The drop in sales between May and June was the first drop since September 2016, but Fastmarkets MB had expected Chinese NEV sales to dip temporarily after the June subsidy changes came into effect because consumers and NEV manufacturers would have to adjust to the new subsid...Read More

* U.S. sanctions against Iran oil exports start next week* U.S. to temporarily allow 8 importers to keep buying Iran oil* OPEC, Russia, U.S. oil supply rising, filling inventories* GRAPHIC-Top 3 crude oil production: https://tmsnrt.rs/2Rua0R8 (Adds settlement prices, CFTC data, Trump tweet)By Devika Krishna KumarNEW YORK, Nov 2 (Reuters) - Oil prices fell about 1 percent on Friday and notched a we...Read More

Nov 2 (Reuters) - Punjab National Bank (PNB) PNBK.NS reported a third straight quarterly loss on Friday, as India's second-largest state lender by assets set aside more money to account for a massive fraud.Net loss came in at 45.32 billion rupees ($622.74 million) for the three months ended Sept. 30, compared with a profit of 5.61 billion rupees a year earlier, the bank said in a statement https...Read More

The US Supreme Court will hear on Monday why a group of Virginia miners believe states should not have the right to ban uranium mining for public health reasons, part of a long dispute over a moratorium the state put in place on the radioactive metal in 1982.The bid by a Virginia Energy Resources' subsidiary and other owners of the largest US uranium deposit seeks to revive a lawsuit thrown out by...Read More

Regulus Resources' (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at $0.90 before tumbling to $0.59 in mid-afternoon trading.The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.The recently formed junior explorer's primary focus will be the Altar copper-gold project, a large porphyry system i...Read More

Investing.com - Gold prices were higher on Friday as the U.S. dollar inched down, despite a better-than-expected jobs report.Comex gold futures for December delivery rose 0.11% to $1,237.40 a troy ounce as of 10:33 AM ET (14:33 GMT).Gold was higher due to a fall in the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, inched d...Read More

* U.S.-China trade deal hopes trigger risk rally* Emerging market shares head for best day since early 2016* Europe higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data comes in strong* Dollar steadies, sterling builds on strongest day of the year* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Marc JonesLONDON, Nov 2 (Reu...Read More

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 on track for best week in nearly 2 years* Burberry , miners boosted by hopes of end to U.S.-China row* JPM China fund up 10 percentBy Josephine MasonLONDON, Nov 2 (Reuters) - UK shares bounced for a fourth session on Friday as mining and luxury goods stocks led a rally amid growing optimism about a Brexit deal and...Read More

* US - China trade deal hopes triggers strong risk rally* Emerging market shares head for best day since early 2016* Europe opens higher with Germany's DAX leading the charge* Hong Kong, Korean markets have best day in seven years* U.S. jobs data next key test for rising bond yields* Dollar dips, Sterling builds on strongest day of the year* Metals rally on better China sentiment* Graphic: World F...Read More

Nov 2 (Reuters) - Aluminium producer Hindalco Industries Ltd HALC.NS posted a 21.4 pct decline in Sept-quarter net profit on Friday, dragged down by rising input costs, but marginally beat estimate.Standalone profit after tax came in at 3.09 billion rupees ($42.50 million) in the second quarter, compared with 3.93 billion rupees a year earlier, Hindalco said analysts on an average had expected t...Read More

Alloy steel scrap prices followed divergent trajectories this week in Europe and the UK as a result of differing market fundamentals. In Europe, 18/8 scrap solids prices fell amid poor demand, while grade-316 solids prices edged higher because of very tight supplies. In both cased, however, market activity has been very slow and price movements were only marginal. Fastmark...Read More

For one week, Shanghai, China's economic center, will become the center of the global copper industry - representatives from miners, consumers, banks and brokers will convene for the annual Cesco Week. The week is centred on the Cesco dinner on Thursday November 15 evening - to be attended by some 2,000 guests - but there are a host of other well-established functions. The following details the ke...Read More

Base metals prices on the London Metal Exchange were collectively higher at the close of trading on Friday November 2, ending the week stronger despite continued stock outflows and broad strength in the US dollar index.An easing of the trade tensions between the United States and China fueled the price rallies, with the three-month copper price topping the gains and reaching an intraday high of $6...Read More

Fastmarkets rounds up some of the key news and price moves across the global metals markets this week.Base metalsA massive backwardation on copper forward price spreads on the London Metal Exchange has collapsed after market tightness eased thanks to delivery of 44,950 tonnes of metal into exchange-listed warehouses.Brazilian multi-metals producer Nexa Resources has maintained its production and s...Read More