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Iron ore: price bends on China’s move to cut steel production
China’s iron ore price fell for the fourth consecutive session, dropping more than 2.70% to its lowest level in nearly three weeks on prospects of easing demand on the government’s decision to cut production. The price of Iron ore 62% FE – CFR China...
Copper: possible break up of 9450 $/ton
Stable phase in the month of July for copper quotations with fluctuations between 9130 $/ton and 9632 $/ton. At the moment prices are under pressure against the first real resistance located in the 9450 $/ton area (transit area of the bearish line drawn from the highs...
Nickel: BHP will be the supplier of Tesla
BHP Group reported Thursday that it has signed a nickel supply agreement with Tesla and will work with the electric carmaker to lower carbon emissions in the battery supply chain. Tesla CEO Elon Musk has urged miners to produce more nickel, with demand set to...
Copper: Ivanhoe’s Kamoa-Kakula exports first concentrate
Ivanhoe Mines’ Kamoa-Kakula mine in the Democratic Republic of Congo (DRC) has begun exporting copper concentrate to international markets as the metal continues to trade near all-time highs. The first truckloads left the mine on July 17 and will be shipped...