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Copper price in biggest drop since height of pandemic
The copper price rally came to an abrupt halt on Thursday with the bellwether metal experiencing one of the worst one-day price drops on record. S&P Global reports a rapid buildup of inventories in warehouses managed by the London Metal Exchange could be behind...
Overview Market Close – October 01, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,816.90 +35.20 +0.13% S&P 500 INDEX 3,380.80 +17.80 +0.53% NASDAQ COMPOSITE 11,326.51 +159.00 +1.42% NYSE COMPOSITE INDEX 12,726.84 +24.96 +0.20% S&P/TSX COMPOSITE INDEX 16,184.54 +63.16 +0.39%...
Zambia royalty spat halts $2 billion of copper mine projects
Copper miners in Zambia have halted $2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. A plan by First Quantum Minerals Ltd. to invest $1 billion extending the life of its...
Iron ore price jumps 5% after Vale suspension
Iron ore prices surged on Wednesday on signs the Chinese economy continues to pick up pace and Vale, the top miner of the steelmaking raw material announced an output halt. Iron ore is up 34% this year after hitting its highest level since mid-January 2014 a fortnight...