How Biden’s win affects commodities hit by trade wars
Mining News Pro - It’s been a tumultuous four years for US commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda.
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Visit: 711
Trade war has copper prices artificially low
Mining News Pro - The phase-one trade deal between the US and China may bring some relief to copper exporters, helping shore up the finances of Chilean State-run producer Codelco, Mining Minister Baldo Prokurica said.
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Visit: 854
Copper primed for a pop if US-China trade war is resolved
Mining News Pro - Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday.
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Visit: 650
Teck to lay off workers, cut spending as US-China trade war weighs on profit
Mining News Pro - Teck Resources, Canada’s largest diversified miner, has kicked off a cost-cutting program that will see layoffs and the deferral of capital spending projects as the ongoing US-China trade hit the company’s third-quarter profit.
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Visit: 672
Antofagasta wary of US-China trade war despite strong results
Mining News Pro - Chilean miner Antofagasta Plc. (LON: ANTO) said Thursday it was striving to offset the impact of lower copper prices, which have fallen 4% this year, due to uncertainties brought by the US-China trade war.
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Visit: 789
Trump ratchets up US-China trade war with new tariffs
Mining News Pro - President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.
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Visit: 880
Lynas blames US-China trade war for rare earths market volatility
Mining News Pro - Australia’s Lynas Corp (ASX: LYC) reported Monday a drop in sales revenue and production of rare earths due to ongoing trade tensions between China and the United States, which have negatively impacted Beijing’s demand.
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Visit: 932
Rare earth stocks come out winners in China-US trade war
Mining News Pro - With all the turmoil surrounding the ongoing China-US trade war, companies mining for rare earth elements have come out as "unexpected" winners thanks to market-wide speculation that China may choke off supply of certain critical minerals to the US.
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Visit: 1177
US-China trade war forces Ausdrill into financial rethink
Mining News Pro - Mining services company Ausdrill is dropping a previously announced refinancing plan due to ongoing heated trade debates between the United States and China.
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Visit: 881
Copper, nickel, zinc prices sink on China car sales, trade war
Mining News Pro - The price of copper dropped to a 15-week low on Monday after China fired back in the mounting trade war with the US. In afternoon trade, copper for delivery in July touched $2.709 a pound ($5,972 a tonne), down 2.4% from Friday’s settlement.
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Visit: 1245
US-China trade war isn’t buckling copper price
Mining News Pro - The price of copper managed to trade higher, despite simmering trade tensions between the world’s two largest economies erupting into all-out war.
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Visit: 1200
Reduce global aluminum demand due to intensified US-China trade war
Mining News Pro - Alcoa cut its prediction of global aluminum demand due to China-US trade.
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Visit: 1249
BHP chief criticises global trade war
Mining News Pro - BHP chief executive Andrew Mackenzie has claimed that businesses are navigating “global volatility” in a thinly veiled reference to escalating trade tensions between the United States and China.
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Visit: 1031
METALS-Copper rises on prospect of talks over U.S-China trade war
Mining News Pro - Copper rose to its highest in two weeks on Thursday after China said it welcomed an invitation by the United States to hold a new round of trade talks.
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Visit: 1074
Trade war fears push copper towards second weekly loss
Mining News Pro - A public comment period for proposed tariffs on Chinese imports worth $200 billion passed at 0400 GMT. China has warned it would retaliate if they are applied. Jitters over the tariffs are hitting copper despite positive supply and demand fundamentals, Societe Generale analyst Robin Bhar said.
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Visit: 964
London copper hovers near lowest in a fortnight amid trade war worries
Mining News Pro - London metal prices steadied on Tuesday, but a trade dispute between China and the United States chilled factory activity in August and tempered appetite for metals.
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Visit: 1156
Copper hits 2-week high as trade war fears ease, dollar slips
Mining News Pro -
* LME copper cancelled warrants at 50 percent of total
* Discount for cash over 3-month copper narrows further
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Visit: 836
U.S.- China talks on trade war resume as new tariffs kick in
Mining News Pro - BEIJING/WASHINGTON (Reuters) - The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington.
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Visit: 955
Rio Tinto concerned about trade war, but suffered no impact so far -CEO
Mining News Pro - Global miner Rio Tinto is concerned about an escalating trade war between the United States and China but has yet to feel any impact from it, Chief Executive Jean-Sébastien Jacques said on Wednesday.
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Visit: 898
The impact of the US-China trade war on copper production and demand
Mining News Pro - CRU survey results show that trade tensions between China and the United States have not had much impact on the current production of final copper producers.
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Visit: 1237
Gold ETFs headed for weakest month since July 2017, despite trade war jitters
Mining News - NEW YORK – Gold-backed exchange-traded funds (ETF) tracked by Thomson Reuters were headed for their weakest month since July 2017, as investors covered losses in equities, commodities and other markets caused by tariff disputes.
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Visit: 987
The US-China trade war began officially
Mining News - The Wall Street Journal quotes well-informed sources that the US president has approved a new tariff on imported goods from China.
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Visit: 1345
Trump Trade War - China retaliates with 106 product list
Mining News Agency -China has issued a list of 106 products, which will have 25% duty, being imported from US to retaliate against Mr Trump’s plan of imposition of 25% duty on 1300 items values at USD 50 billion from China.
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Visit: 1544