sábado, 18 de agosto de 2018

Gold will fight back dollar for haven status, Sprott says

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Mining News Digest
Saturday 18 August 2018
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Bullion has lost out in a paradigm shift where gold's no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won't last.

Playbook follows success in the iodine market

Company has increased security.

Zambia's Revenue Authority served the firm two search warrants during an unannounced visit to its Kagem mine.

Wood Mackenzie predicts that, in the short term, demand for coal will fall due to its higher prices. In the longer term, the new tariffs will slow Turkish economic growth and with that, further weaken the demand for coal.

Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.

The venture was expected to combine Granges' and Mitsubishi Aluminum' expertise in aluminium rolling.

Poland's KGHM will achieve its 2018 copper production plan despite a fall in output in the first half of the year.

Platinum has been caught in a broad sell-off as investors rush to the safety of the dollar.

Physical gold demand in India regained momentum this week as jewellers stocked up after prices dipped to their lowest in over seven months.

The Russian government thinks it would be impractical to raise more taxes from metals and mining companies that are earning windfall profits.

China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.

Things are looking better for the second half of the year and 2019, but remain challenging in many areas, with platinum and gold prices falling."

The major gold miners' stocks plummeted in brutal cascading selling this week as stops were run.

The Turkish central bank will allow gold for foreign exchange and location swap deals in order to provide physical gold transactions.

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