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Precious Metals and Mining

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  • JOHANNESBURG, July 7- Reuters has pieced together a detailed account of the final days of a five-month strike in South Africa's platinum mines, the longest and most costly industrial action in the country's history.

  • *Platinum strike dragged economy to the brink of recession. JOHANNESBURG, July 7- Forty-eight hours after talks to end South Africa's longest strike hit a brick wall when the mining minister suddenly pulled out, a bishop and an anti-establishment corporate lawyer engineered a deal at a secret meeting in a ritzy hotel.

  • *Fresh strike at Impala Platinum mine. JOHANNESBURG/ CAPE TOWN, July 4- General Motors suspended production at its main South African plant after a strike hit parts supplies, the U.S. automaker said on Friday, becoming the latest victim of relentless labour unrest in Africa's most advanced economy.

  • *Gold little changed after 0.6 pct fall overnight. *Palladium trading near highest since 2001. SINGAPORE, July 4- Gold was mostly unchanged on Friday, holding on to its losses from the previous session, and could see a further drop in prices as strong U.S. jobs data and record highs on Wall Street dent the precious metal's safe-haven appeal.

  • *Lynas, Molycorp hit by funding squeeze, delayed production ramp-ups. Australia's Lynas Corp and U.S. miner Molycorp Inc, the only two suppliers outside China, are boosting output at their plants in Malaysia and California, respectively. That has squeezed Lynas' and Molycorp's funding and their share prices have tumbled.

  • *Palladium hits fresh 13- year high. LONDON, July 3- Gold slipped on Thursday as the dollar extended earlier gains after U.S. nonfarm payrolls rose more than expected in June, increasing bets that U.S. interest rates could rise earlier than expected.

  • *Lynas, Molycorp hit by funding squeeze, delayed production ramp-ups. KUANTAN, Malaysia, July 3- Australia's Lynas Corp, one of only two rare earths producers outside China, expects to reach its initial output rate target by December at the latest which should shore up its shaky cash position, its new CEO said in her first interview.

  • JOHANNESBURG, July 3- South Africa's private sector contracted slightly in June, a survey showed on Thursday, reflecting the impact of a protracted strike in the mining sector. -Detailed PMI data are only available under licence from Markit and customers need to apply to Markit for a licence.

  • *SPDR Gold Trust sees inflow of 5.69 tonnes. *Platinum hits 10- month highs above $1,500/ oz. NEW YORK/ LONDON, July 2- Platinum ended flat on Wednesday as investors took profits after the precious metal rallied to a 10- month high on lingering long-term supply worries despite the end of a strike by South African miners.

  • Commodities tomorrow: Platinum at 10-month high     Wednesday, 2 Jul 2014 | 4:00 PM ET

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets. Oil was down on the day, after the market grew less worried over supply disruptions in Libya. Gas prices are the highest they've been for a July 4th weekend over the last 6 years.

  • *Platinum hits 10- month highs above $1,500/ oz. LONDON, July 2- Platinum hit a 10- month high on Wednesday as its performance since the end of a strike in South Africa reassured investors that the short-term risk of a price retracement had died down, while gold steadied near the previous day's three-month high.

  • JAKARTA, July 2- Freeport-McMoRan Copper& Gold Inc is still in talks with Indonesia over a six-month dispute that has halted copper exports, and has no plan yet to follow Newmont Mining Corp in seeking international arbitration. Global copper prices, currently not far off four-month highs, have been underpinned by the disruption to supplies from Indonesia.

  • *SPDR Gold Trust sees inflow of 5.69 tonnes. *Platinum near 10- month highs on supply worries. "From here, an upside looks more likely given persistent tensions in Iraq and Ukraine.

  • *SPDR Gold Trust sees inflow of 5.69 tonnes. *Platinum near 10- month highs on supply worries. "From here, an upside looks more likely given persistent tensions in Iraq and Ukraine.

  • SINGAPORE, July 2- Gold was trading close to a three-month peak on Wednesday boosted by a second straight day of inflows into the top bullion-backed fund, while platinum held sharp overnight gains to trade at a near 10- month high on supply worries. *Gold was also supported by safe-haven bids from geopolitical tensions in Iraq and Ukraine.

  • CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on the day, nat gas sold off, as well. Gold was up, however, as traders look to Thursday's job report.

  • *Gold turns lower after rallying to near 2- month high. NEW YORK/ LONDON, July 1- Platinum rose to a 10- month high above $1,500 an ounce on Tuesday, boosted by new positioning by funds at the start of the quarter and long-term supply worries despite the end of South Africa's mining strike.

  • Gold turns lower after rallying to near 2- month high. NEW YORK/ LONDON, July 1- Platinum rose to a 10- month high above $1,500 an ounce on Tuesday, extending its rally to a fourth consecutive session, boosted by long-term supply worries, despite the end of South Africa's mining strike.

  • JOHANNESBURG, July 1- More than 220,000 South African engineering and metal workers launched a strike over wages on Tuesday, hot on the heels of a crippling platinum dispute and dealing a further blow to an already weak economy.

  • LONDON, July 1- A U.S. law on conflict minerals is curbing African warlords' presence around mines in Congo, campaigners say, but its full impact remains unclear, with most firms failing to pinpoint the origin of their metals by a June deadline.