Futures & Commodities Metals

  • LONDON, Nov 15- Chinese copper smelter Jiangxi Copper and miner Antofagasta have agreed 2019 copper treatment and refining charges at $80.80 a tonne and 8.08 cents a pound, three sources familiar with the matter said. The charges agreed between Jiangxi and Antofagasta are down from the 2018 benchmark of $82.25 a tonne and 8.225 cents a pound.

  • *Los Pelambres expansion to lift output for 1st time in 14 years. SHANGHAI, Nov 15- The board of directors of Chilean miner Antofagasta has approved a $1.3 billion expansion of the company's flagship Los Pelambres copper mine in Chile, Chief Executive Ivan Arriagada said on Thursday. Construction will start in January, Arriagada told Reuters in an interview at...

  • SHANGHAI, Nov 15- The board of directors of Chilean miner Antofagasta has approved an expansion of the company's flagship Los Pelambres copper mine in Chile, Chief Executive Ivan Arriagada told Reuters in an interview on Thursday.

  • SINGAPORE, Nov 15- London copper and aluminum prices rose slightly along with other metals on Thursday, with investors looking to potential stimulus spending in China after weak retail and credit growth data in October. *Three-month copper on the London Metal Exchange had risen 0.4 percent to $6,113 a tonne by 0126 GMT, while the most-traded copper contract on...

  • SINGAPORE, Nov 15- London copper and aluminium prices rose slightly along with other metals on Thursday, with investors looking to potential stimulus spending in China after weak retail and credit growth data in October. *Three-month copper on the London Metal Exchange had risen 0.4 percent to $6,113 a tonne by 0126 GMT, while the most-traded copper contract on...

  • LIMA, Nov 14- For most of this year, Walter Aduviri, the governor-elect of Peru's Andean region of Puno, had been a fugitive. The indigenous activist, 38, went into hiding after losing a sedition trial last year over deadly protests he led against Canadian mining company Bear Creek in 2011.. In his first interview with foreign media since his victory, Aduviri- who will...

  • NEW YORK, Nov 14- Paulson& Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp remained unexposed to the metal. Paulson left its interest in SPDR Gold Trust unchanged at 4.3 million shares for the third quarter,...

  • Nov 14- Gold held steady on Wednesday, moving in a tight range around the $1,200- per-ounce level as prospects of rising U.S. interest rates kept the dollar near 16- month peak, making bullion more expensive for holders of other currencies. Prices had slipped to their lowest since Oct. 11 at $1,195.90 in the previous session. "The key driver in the near term continues...

  • ZURICH, Nov 14- Switzerland stopped short of new laws to ensure that gold it imports for refining has not been produced in violation of human rights, proposing greater industry transparency instead. "Traceable sourcing of the precious metal is essential because it is the only way to prevent gold mined in breach of human rights from being imported into...

  • An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand.

    Wells Fargo's John LaForge sees gold rallying 8 percent in the coming months.

  • SINGAPORE, Nov 14- Copper prices fell on Wednesday as weak retail sales data in China fueled concerns over cooling growth in the world's top copper consumer. China delivered a mixed economic report card for October with retail sales growing at its slowest pace since May and pointing to a consumption slowdown, even as a pick-up in industrial output and...

  • SHANGHAI, Nov 14- Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday. China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on...

  • *China Oct steel output at 82.55 mln T. BEIJING, Nov 14- China's steel output hit record levels in October, rising for a third straight month as mills rushed to boost output ahead of winter production cuts. The record production came even after the major steel producing province of Hebei in northern China last month issued two second-level pollution alerts,...

  • SINGAPORE, Nov 14- London three-month copper prices edged down on Wednesday as disappointing Chinese credit growth capped a short rally on optimism over U.S.- China trade talks. President Donald Trump's top economic adviser Larry Kudlow said on Tuesday that the United States welcomed the resumption of talks with China on trade. The news supported base...

  • NEW YORK, Nov 13- U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day in December, according to a monthly government forecast released on Tuesday. The total oil output from the basins was expected to rise 113,000 bpd, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was...

  • SHANGHAI, Nov 13- Metals traders are arriving in Shanghai for the annual Asia Copper Week event, gathering in China at a time when the outlook for demand in the world's biggest consumer of the commodity is clouded by the Sino-U.S. trade war. China this year tightened thresholds on impurities in scrap metal imports and slapped a 25- percent tariff on scrap material...

  • Orocobre CEO Richard Seville discusses the long-term transformation of his lithium-focused company.

  • SINGAPORE, Nov 12- Nickel on both the London and Shanghai exchanges on Monday decreased further towards their lowest in around 11 months, pressured by worries of slowing Chinese demand for steel. The most-traded Shanghai nickel contract ended down 2.4 percent to 94,650 yuan a tonne, its lowest close since Dec. 26, 2017. Increasing nickel pig iron production and...

  • SINGAPORE, Nov 12- Nickel prices on both the London and Shanghai exchanges fell on Monday to near 11- month lows due to pressure from a strong U.S. dollar and concerns over economic growth in China. *Three-month nickel on the London Metal Exchange fell 0.5 percent to $11,415 a tonne by 0143 GMT, after earlier hitting its lowest since mid-December at $11,360 a tonne.

  • Outlook for lithium is 'very bright'

    There's a burgeoning demand for lithium. Ken Brinsden of Pilbara Minerals weighs in on how his company is trying to be a "key part" of the supply response.