International - Copperbelt Katanga Mining

Caterpillar soars as investors hunt for hedges against inflation

March 9, 2022March 9, 2022 admin

Caterpillar Inc. shares are headed toward the biggest five-day gain since the pandemic as investors looking for a hedge against inflation flock to the mining- and construction-equipment maker. The company’s stock climbed as much as 6.5% on Tuesday, bringing its 5-day jump to more than 14%. If the gains hold through the close, it would be the largest such move since June 2020. The S&P 500 Index, meanwhile, has fallen 3.1% in the past five sessions. “The Russia/Ukraine crisis has fundamentally altered global commodity markets and is likely to drive… Read More Here

Gold International

Gold price approaching record high as Ukraine, inflation risks mount

March 9, 2022March 9, 2022 admin

Gold extended its blistering rally on Tuesday towards an all-time high as investors made a beeline for the haven metal on mounting fears about the Ukraine crisis and rising inflation. Spot gold surged 3.5% to $2,068.07 an ounce by 12:10 p.m. ET, within touching distance of its peak of $2,072.50 set in August 2020. US gold futures also jumped 4.0% to $2,076.70 an ounce in New York. “The combination of roaring energy prices, grain prices, base metal prices is culminated in dramatic inflationary pressures that continue to be the major underlying support behind… Read More Here

Equipment & Technology International Mining technology

Metso Outotec launches battery metals AC filter

March 8, 2022March 8, 2022 admin

Finnish mining equipment specialist Metso Outotec has released an Activated Carbon (AC) filter specifically designed for use with battery chemicals as part of a recycling process. Metso Outotec said the AC filter was designed in response to the market’s increasing demand for battery metals processing technologies. The filter is used with smaller side streams of copper and other metal-loaded aqueous streams, and is specifically suited for efficient organics removal before the electrowinning and crystallization processes. The AC filter utilizes the design of the Metso Outotec DM filter product family, noted… Read More Here

Coal International Oil & Gas

55% dependent on Russian gas, Germany opposes the ban on imports of gas, oil and coal from Putin’s country

March 7, 2022March 7, 2022 admin

The Federal Republic of Germany opposes the ban on imports of gas, oil and coal from Russia. It was the German Ministers of Finance and Foreign Affairs who expressed this position of the German Government in response to European sanctions against Russia. For Germany, the ban on importing gas, oil and coal from Russia would threaten the social peace of the country. “We must be able to hold the sanctions over time,” explained the Head of German diplomacy, Annalena Baerbock, to the ARD channel. And to add: “It is useless… Read More Here

International Tin

World: 1447.5 USD to pay more for a ton of Tin this week

March 7, 2022March 7, 2022 admin

The price per tonne of Tin should experience a significant increase on the international market during the second week of March 2022. In its report for the week from March 7 to 12, 2022, the National Mercurial Commission of the Ministry of Foreign Trade informs that most of the mining products exported from the Democratic Republic of Congo should register a price increase on the international market. According to this document, Tin is expected to fall from 44,279.50 USD per ton last week to trade at 45,727.00 USD per ton… Read More Here

Copper International

Copper soars to record as metals surge on Russia supply fears

March 7, 2022March 7, 2022 admin

Metals are breaking new records with copper spiking to an all-time high and nickel surging more than 16%, as soaring energy prices and fears of supply shocks rattled commodities markets amid war in Ukraine. The White House said it’s talking to allies about a possible oil embargo on Russia, triggering a spike in oil prices and ratcheting up geopolitical risks after its attack on its smaller neighbor. Higher energy prices mean steeper costs for manufacturers including metals smelters, adding to supply threats as commodity traders grapple with sanctions on Moscow. Copper, used in power cables and wiring, rallied as… Read More Here

Gold International

Gold rises above $2 000 as Ukraine war boosts haven demand

March 7, 2022March 7, 2022 admin

Gold prices on Monday scaled the $2 000-level for the first time in a year-and-a-half, as investors rushed to the safety of the metal in the wake of an escalating Russia-Ukraine crisis, while supply disruption fears sent palladium to an all-time high. Spot gold was up 0.9% at $1 986.83 per ounce, as of 03:30 GMT, after scaling to its highest since August 19, 2020 at $2 000.69 earlier in the day. US gold futures rose 1.3% to $1 992.00. “If this was risk aversion driven by the US Federal Reserve as seen ahead of this war, that wasn’t… Read More Here

Gold International

Gold Set for Weekly Gain as Attacks on Ukraine Lift Haven Demand

March 4, 2022March 4, 2022 admin

Gold headed for a weekly advance, lifted by demand for haven assets as Russia escalated its assault on Ukraine. Prices eased after spiking earlier on news that Russia attacked Europe’s largest nuclear power plant, raising concerns over the safety of the facility in Ukraine. Investors are weighing the economic fallout from Russia’s invasion of its neighbor, which is disrupting flows of energy, grains and metals. The resulting surge in oil prices has stoked concerns about global growth and inflation risks. Investors have sought out bullion as a store of value amid the… Read More Here

International Oil & Gas

Can African gas replace Russian supplies to Europe?

March 4, 2022March 4, 2022 admin

On February 22, German Chancellor Olaf Scholz announced during a news conference that the European superpower was halting approval of Russia-owned Nord Stream 2 after President Vladimir Putin officially sent troops into eastern Ukraine. An $11bn gas pipeline project owned by Moscow-backed energy company Gazprom, runs from western Siberia to Germany. The project was built to ensure a sustainable energy distribution across the European Union, especially as gas prices reached record highs in Europe – which gets more than a third of its natural gas from Russia. As the conflict continues in… Read More Here

Copper International Nickel

Copper, nickel prices spike as Europe scrambles for metal

March 3, 2022March 3, 2022 admin

On Wednesday, copper prices continued to rise with May futures jumping to a high of $4.7050 a pound ($10,373 a tonne) in New York, levels last seen during the bellwether metal’s October spike – in sight of record territory. Aluminum hit a record high of $3,590 a tonne and the price of nickel raced to an 11-year peak above $25,000 a tonne. Concerns about supply disruption and low global stockpiles are behind the move higher, trumping concerns over the impact of the Ukraine invasion on global growth, rising interest rates in… Read More Here