jueves, 4 de enero de 2018

Goldman has more good news for copper, zinc price

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Mining News Digest
Thursday 4 January 2018
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Chinese supply-side reforms, environmental cuts translate into higher prices and less Chinese production, "both of which benefit ex-China producers."

Increased supply from Indonesia and subdued demand from China are the main drivers behind the downward trend.

Gold from Clogau St David's mine in North Wales is behind the wedding bands of the Queen Mother, the Queen, Princess Margaret, the Princess Royal and Diana, Princess of Wales.

Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.

And 12.3m contained ounces of gold.

Crystallex International Corp is seeking to collect $1.2 billion plus interest awarded in 2016 by a World Bank tribunal against Venezuela, which Venezuela has refused to pay.

A winter drilling program has begun on the Stars mine in British Columbia.

Suncor Energy and Teck Resources Ltd have taken higher stakes in Fort Hills oil sands mine from partner Total SA, resolving a dispute over building costs.

Arrival of new Silicon Valley players like Tesla and Apple to old world of metals serves to reinforce focus on environmentally clean, ethical supply chains.

Gold is seen as a safe haven for investors during times of uncertainty. Spot gold prices gained about 14 percent during 2017.

What's the likely reason behind this year's rally and what does it imply going forward?

Clive Maund conducts a technical analysis on a silver company and finds it is at a good entry point.

Call it a new golden age.

The permit was issued to allow the miner to continue exporting copper concentrate while company representatives and government officials go on with the discussions around Freeport's future operations.

1 Day Spot Gold Price
1 Month Copper Price
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