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Vale reaffirms iron ore output forecast after court decision
Brazilian miner Vale has reaffirmed its iron ore output guidance after a court reinstated an order to suspend activities at the company’s Itabira mining complex in Minas Gerais state, according to a securities filing late on Saturday. Vale said it is keeping its...
Economic Calendar – Weekly June 01, 2020
Time Area Event Forecast Previous Sunday, June 7, 2020 12:21 CNY Trade Balance (USD) (May) 39.00B 45.33B 14:46 CNY Exports (YoY) (May) -7.0% 3.5% 14:46 CNY Imports (YoY) (May) -9.7% -14.2% 19:50 JPY Current Account n.s.a. (Apr) 0.480T 1.971T 19:50 JPY GDP...
Bidding war for Guyana Goldfields heats up
Takeover target Guyana Goldfields said it has received a proposal from a “foreign-based multinational miner” valuing the company at C$323 million ($240m), which is 35% higher than Silvercorp Metals’ offer. The Canadian firm was first approached by Silvercorp in...
Copper price rally builds as China’s spending balloons
Copper advanced to 12-week high on Thursday as China’s $700 billion stimulus program focussed on so-called “new infrastructure” and “new urbanization” kicked into gear. In a research note points out that data from China’s Ministry of Finance show the value of special...