The industry used to link its alumina pricing to the LME aluminium contract, an unsophisticated but largely effective way of cushioning input costs against the sort
of metal price blow - out we've just seen.
Given the unpredictability
of metal prices, Amerigo is likely to be a wild ride, but if you're willing to take a flyer, it's an interesting speculation.
Not exact matches
The slump in demand for the precious
metal also coincided with
prices holding within their narrowest range
of any quarter in more than a decade.
Aluminum products maker Arconic slashed its 2018 forecasts for profit and free cash flow as it expects
prices of the
metal to remain high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.
LONDON, May 2 - Gold steadied on Wednesday near 4 - month lows as the dollar's uptrend paused, but
prices of the precious
metal are expected to remain under pressure from a significantly stronger U.S. currency and weak investment demand.
April 30 (Reuters)- Aluminum products maker Arconic Inc slashed its 2018 forecasts for profit and free cash flow on expectations that the
price of the
metal would remain high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.
The decreases are largely the result
of the oil glut and all - time lows for crude
prices — last year, mining, oil producers, and
metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.
But around the turn
of the decade Alcoa led a producer shift to
pricing alumina on the basis
of spot market indices compiled by
price assessors such as Platts,
Metal Bulletin and CRU.
Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results
of current and future exploration activities; the actual results
of reclamation activities; conclusions
of economic evaluations; meeting various expected cost estimates; changes in project parameters and / or economic assessments as plans continue to be refined; future
prices of metals; possible variations
of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure
of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks
of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion
of development or construction activities, as well as those factors discussed in the section entitled «Risk Factors» in the Company's Annual Information Form for the year ended December 31, 2017 dated March 15, 2018.
The London
Metal Exchange three - month aluminum
price hit a seven - year high
of $ 2,718 per tonne on April 19 but is now trading back down around the $ 2,250 level.
Prices for gold bullion and other precious
metals have climbed over the past decade to new heights as investors sought protection against the erosion
of incomes and wealth by inflation.
«Two years after commodity
prices started returning to life in the spring
of 2016, many long - standing themes for the North America
metals and mining industry look familiar on the surface but are in fact richly different on a closer view,» explained Goldman analyst Matthew Korn.
(Adds analyst comment, updates
prices) MANILA, May 2 (Reuters)- London copper futures recovered from their weakest level in nearly a month on Wednesday after a private survey showed growth in China's manufacturing sector unexpectedly picked up in April, brightening the demand outlook in the top user
of the
metal.
As miners deal with the reality
of a prolonged slump in the iron ore
price, Fortescue
Metals Group is quietly going about the business
of building the state's third magnetite mine and processing plant.
Fortescue
Metals Group has ended a tough week for the iron ore sector by halving its projected capital expenditure for the 2015 financial year to $ US650 million, in response to the continued weakening
of the iron ore
price.
On years
of suspicion over inflated
metal prices, the CFTC has put Wall Street banks on notice for a possible probe into their
metals warehousing businesses.
Mincor Resources says it expects to exceed its full - year nickel production guidance as the
price of the base
metal hit a 14 - month high overnight.
The mining industry has flipped that around with «more being less», as shown in this week's production reports and share
prices of Fortescue
Metals and BHP Billiton.
The return
of gold mining as Western Australia's fastest - growing industry is becoming more interesting, with a near - record
price for the
metal in Australian dollars triggering increased exploration and a pair
of possible mine developments in the Wheatbelt.
The New York City company had a lousy 2013, thanks to lower
metal prices and higher manufacturing costs, which added up to a loss
of $ 2.3 billion and the number four spot on the «Fortune 500: 20 companies that lost the most» list in 2014.
The
metal's
price jumped markedly after Trump warned Russia to «get ready» for a missile strike in Syria following a recent chemical weapons attack allegedly carried out by the government
of Syrian President Bashar Assad.
Plus, because the company's wires are made
of metal, the
prices it can sell them for are also tied to the market
price of copper and aluminum, which have fallen steeply since 2011.
CNBC's Jackie DeAngelis reports the close
of the gold market as the
price of the
metal creeps toward $ 1,300.
MELBOURNE, May 1 - London aluminum and zinc
prices slipped on Tuesday after the United States delayed aluminum and steel tariffs for some countries and announced permanent exemptions for others, raising the prospect
of better
metal supply.
Additionally, gold stocks would benefit if Trump wins, Golub said, with
prices of the precious
metal generally climbing in sync with the odds
of a Republican victory in a presidential election.
MELBOURNE, May 1 - London aluminium and zinc
prices slipped on Tuesday after the United States delayed aluminium and steel tariffs for some countries and announced permanent exemptions for others, raising the prospect
of better
metal supply.
(Adds analyst comment, updates
prices) BEIJING, May 3 (Reuters)- Shanghai base
metals were mixed on Thursday as the market fretted about the outcome
of Sino-U.S. trade talks that would start later in Beijing.
Prices of oil and
metals have leaped following U.S. sanctions on Russia, which has raised investor fears over the availability
of supply.
Previously, if the
price of the
metals used in making crowns rose, he absorbed the extra cost.
With the Chinese market a major driver
of coal demand in Asia, any policy changes in the country will affect
prices, contributing to the likelihood
of continued
price volatility in the seaborne coal market, wrote Wood Mackenzie's principal analyst for mining and
metals fundamentals research, Rory Simington in a Nov. 16 report.
Aluminum cash
prices spiked last month to more than $ 2,600 a ton after U.S. sanctions hit Russian
metals producer Rusal, responsible for 6 percent
of the world's aluminum.
The probe could give him the authority to ban imports from any country in the world, which would serve to raise the
price of the
metal since its supply would be cut.
What it measures: The
price of copper on the London
Metals Exchange, in U.S. dollars per pound or metric ton.
With such factors at play, tell us when you expect a sustained rebound in the
price of the precious
metal:
Vote in our poll and tell us when you expect a sustained rebound in the
price of the precious
metal.
In the meantime, low commodity
prices are a windfall for many companies in Europe, Japan and the U.S.
Metals and other raw materials are at their lowest in years, which is the equivalent
of a massive tax break for the construction and manufacturing sectors.
Last year the London Bullion Market Association launched a trade - data reporting initiative and the London
Metal Exchange launched a suite
of exchange - traded contracts intending to improve
price transparency, according to the WGC.
As you can see in the chart below, the
price of the yellow
metal tends to increase during periods
of systemic risk.
• European Institutional Investor, publisher
of benchmark
metal pricing information service Metal Bulletin, has acquired Fast Markets, a UK - based provider of real - time commodities exchange market information, for an undisclosed am
metal pricing information service
Metal Bulletin, has acquired Fast Markets, a UK - based provider of real - time commodities exchange market information, for an undisclosed am
Metal Bulletin, has acquired Fast Markets, a UK - based provider
of real - time commodities exchange market information, for an undisclosed amount.
Prices for
metals like copper,
of which China is a major buyer, fell to six - year lows during the past two days.
The
prices of gold, precious
metals, and precious minerals are subject to substantial
price fluctuations over short periods
of time and may be affected by unpredicted international monetary and political policies.
Prices for copper, a key industrial
metal and a strong leading indicator
of economic growth, have remained robust at above $ 4 a pound.
Since January, the platinum group
metals (PGMs) have increased over a third in price, marking the end of an 18 - month bear cycle, according to Metals Focus» Platinum & Palladium Focus
metals (PGMs) have increased over a third in
price, marking the end
of an 18 - month bear cycle, according to
Metals Focus» Platinum & Palladium Focus
Metals Focus» Platinum & Palladium Focus 2016.
With a constant amount
of supply, an increase in demand has the ability to increase the
price of the
metal significantly.
Base
metals prices have come off their peaks, by an average
of about 30 per cent, though they're still high compared to earlier history.
Worldwide
metal prices may fluctuate substantially over short periods
of time, so the Fund's share
price may be more volatile than other types
of investments.
The
price of the equity securities
of companies engaged in mining and the
price of the mined
metals may not always be closely linked.
The nation's biggest aluminum producer will split into two publicly traded companies as it tries to deal with an oversupply
of the
metal and falling
prices.
Global coverage
of the non-ferrous
metals industry featuring a comprehensive array
of daily
price assessments, as well as incisive news and analysis from our team
of market experts.
A rise in crude oil
prices and a rebound in base
metal prices, both partly related to the announcement
of new policy stimulus measures in several countries, account for much
of the recent movement.