Worst November in 35 years for gold as India’s import ban forces jump in recycling, writes Adrian Ash
The National Union of Mineworkers says it will meet with management for talks as revenue losses in an almost four-week strike near R400 million.
Trimming investments will be Vale’s latest tactic to boost margins after selling at least $3 billion of assets this year and reducing costs by $2 billion.
Billionaire Anil Agarwal says he regrets investing $8 billion on an aluminium complex in India that’s faced a shortage of raw materials.
For a number of reasons, the supply/demand picture for silver now shares many common denominators with those of gold, says Julian Phillips.
Gold miners have endured a torrid week on the ASX, with Beadell Resources (-9.4%), Regis Resources (-2.2%) and Evolution Mining (-4.7%) all losing ground.
The latest morning headlines, top junior developments and metal price movements. Today, some strength in base and precious metal prices and the BCSC calls out one junior’s massive resource claim.
Iran’s ambassador to Turkey says once sanctions on Iran are eased, the gold trade will resume albeit at lower levels than last year.
A technical analysis by Korea Exchange Bank Futures suggests futures may climb to $22/oz as converging moving averages signal a short-term rebound.
Over the past two years Chinese and Indian coins have outperformed most others in the market, including US ones.