With the right announcements the markets would react positively, support the government in seeking growth, writes Melanie Verwoerd.
Morning clouds. Cool.
In the quest to decarbonise world economies, the global demand for copper could rise substantially. The reason? Its unique properties make it a metal that can play a role in reducing carbon emissions.
Orion Minerals on Monday confirmed that it was raising A$8m in capital as part of a broader Black Empowerment Equity restructuring process.
Metals in particular are suffering as a higher dollar caused by the EM currency sell-off pushes commodity prices sharply lower.
Copper’s flashing a powerful warning about expectations for global growth as the trade war between the world’s two biggest economies escalates.
Commodities from crude oil to metals and iron ore have dropped as the global equity rout and surge in market volatility spurred investors to pare risk.
Almost $750m paid by international mining companies to the Democratic Republic of Congo’s state-owned miner over three years, is missing from the company’s accounts, says the Carter Centre.
Copper has surged to the highest level in more than two years, lifting shares of producers, driven by expectations that demand in China will fuel a global shortage.
Copper could play a part in dampening spirits in markets uplifted by the first round of the French election.
Rumors about the demise of reflation trades look to have been at least a little exaggerated.
Copper has briefly surpassed $6 000 a ton and headed for the biggest weekly rally ever as the metal became the focus for traders speculating on Donald Trump’s pledge.
Glencore cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil, as the world’s biggest metal trader deals with multiple problems across its operations.
Commodities have just posted the longest losing streak in more than three years, and analysts and investors are giving conflicting signals over whether the worst is over.
Glencore has increased cobalt production by almost a third after restarting output at its Katanga unit in the Democratic Republic of Congo.
Copper’s flashing a powerful warning about expectations for economic growth after US President Donald Trump chose to embark on a major escalation of his administration’s global trade war.
Copper has jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a softer dollar, dwindling inventories and a robust outlook for demand.
Red Kite Management is suing Barclays for alleged market abuse in the copper market that it claims cost the firm at least $850m between 2010 and 2013.
Anyone who has bought gold as a hedge over the past 25 years missed out on a much better deal - copper.
BHP Billiton has said it will take legal action after a group of about 300 people entered the Escondida mine during a strike and forced some contractors to abandon the site.
Copper has been one of the worst performing commodities over the past few years, but recently it started to look set to be the best performing commodity of 2017.
An analyst compares the success, or lack thereof, of copper-producing nations Zambia, which followed the nationalism route, and Chile, which liberalised its mining laws.
Cape Town CBDO'Dwyer PersonnelR6 500.00 - R7 000.00 Per Month
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 2 495 000
Apartments / Flats
R 3 000 000
R 2 395 000
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