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January, Friday



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News // Metal market

Phenomenal Demand for Gold Coins Continues

The SA Gold Coin Exchange says demand for gold coins has picked up as investors wish to take charge of their own affairs, Mineweb reports.
26 December 2008 , 13:01Ksenia Kochneva9010

Highland Gold Suspended 2 Projects

Highland Gold Mining, part-owned by billionaire Roman Abramovich, is delaying two new projects as metal prices decline and the economic crisis makes financing harder to secure
11 December 2008 , 11:43Ksenia Kochneva10630

Government Monopoly On Export of Platinum Group Metals is Over

President Dmitry Medvedev Thursday signed amendments to a law on budget and tax policy that strips Almazyuvelirexport of its monopoly on exports of so-called platinum group metals, for which the state trading company charged fees
08 December 2008 , 06:44Ksenia Kochneva9370

Precious Metals Prices Steep Down

As Bloomberg reported, platinum declined in Asia as a deepening economic slowdown reduced sales by automakers, which account for nearly two-thirds of consumption
03 December 2008 , 15:25Ksenia Kochneva11540

Gold Deposit Discovery in East Siberia

Russian National Geological Prospecting Company announced on Tuesday the discovery of a large gold deposit in the Republic of Buryatia in East Siberia
03 December 2008 , 09:14Ksenia Kochneva9370

Copper Rises on Hopes That China will Increase Demand

Copper rose almost 4 per cent to as investors bet a rate cut in China, the world's top consumer of the industrial metal, could help boost growth and demand
27 November 2008 , 08:38Jo Amey9240

Gold Falls 1 Percent

Gold dropped more than 1 pct on Tuesday as the dollar gained against the euro and as the tentative return of risk appetite encouraged investors to book profits after bullion's rally to its highest in almost six weeks
25 November 2008 , 10:09Jo Amey8990

Russian Aluminium Producer Urges Government to Buy Metals

Oleg Deripaska said that the Russian government should buy metals as the world recession saps demand
24 November 2008 , 10:20Jo Amey12140

Metals Experience Losses

London copper prices pared losses on Monday and Shanghai futures recovered from a four-year low
24 November 2008 , 10:12Jo Amey9310

Sberbank Report Rising Precious Metal Sales

State-controlled Russian banking major Sberbank said on Wednesday sales of precious metals have surged this year as its clients seek safe investments in the face of turbulent financial markets
20 November 2008 , 09:40Jo Amey10260

Gold Near Strongest Level in Weeks

Gold was steady near its strongest level in more than a week on Thursday as bargain hunting from investors and jewellers in Asia helped the metal defy selling pressure from weak oil prices and slumping equities
20 November 2008 , 08:59Jo Amey9290

Gold Jumps One-Tenth

The price of gold has jumped by nearly a tenth since the credit crunch first struck as investors look for a safe haven for their money
19 November 2008 , 10:48Jo Amey8320

High Costs Drive Down Profits of Metals Companies

The metal sector reported good topline numbers for the quarter ended September 2008, but higher input costs pulled down the operating profit margins of companies
17 November 2008 , 11:35Jo Amey9740

Polus Zoloto and KazakhGold Deal is Under Sanction

Kazakhstan authorities have sanctioned Russian gold miner Polus Zoloto to buy out a controlling interest in KazakhGold
17 November 2008 , 10:54Ksenia Kochneva13550

Gold Falls More Than 1%

Gold dropped more than 1 percent on Monday on a weaker euro after a meeting of the Group of 20 major economies stopped short of announcing major regulatory breakthroughs, sending oil prices down
17 November 2008 , 09:43Jo Amey7270

Gold Falls Toward Three Week Low

Gold slipped on Friday after posting its largest daily percentage gain in more than a week the previous day, as the U.S. dollar turned higher against the euro and spurred selling
14 November 2008 , 13:40Jo Amey8680

Goldcorp Will Benefit if Gold Falls to $500

Canada's Goldcorp will be well placed if the gold price falls to $500 per ounce, Chief Executive Kevin McArthur said on Thursday
14 November 2008 , 13:36Jo Amey9170

2011 Could See Gold Prices Rise to $1000

Gold may climb above $1,000 an ounce in 2011 as global mine output drops, mining costs rise and demand increases, Morgan Stanley said
13 November 2008 , 10:58Jo Amey9110

Gold Returns After Dropping 1 Percent

Gold regained some footing on Wednesday, after dropping more than 1 percent in New York, as the euro inched up against the US dollar and bargain hunting resurfaced
12 November 2008 , 10:32Jo Amey8570

Base Metals On The Rise

Base metals, after being hammered the most in previous trading on the futures market, rebound to hit upper circuits today on fresh spell of speculative buying by traders
10 November 2008 , 11:12Jo Amey8690