Gold prices are expected to average $US1900 per ounce in 2022, with Fitch Solutions revised price reflecting the Russian invasion of Ukraine.
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Spiked nickel prices to remain as Russia-Ukraine conflict continues
Following the surge in nickel prices on the back of Russia's invasion of Ukraine, prices may remain highly elevated over the course of 2022.
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Coal exports more than double
The ABS latest International Trade in Goods and Services data shows total coal exports increased 159 per cent on the same period last year.
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Copper prices easing slightly: Fitch
Copper prices in 2022 are expected to be slightly higher than initial forecasts, as prices remain elevated over tight inventories.
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Iron ore teeters on $US100/t as Chinese steel chokes
Chinese steel mills have been ordered to curb production once again to reduce air pollution, in the same week iron ore prices crept back towards $US100 per tonne.
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Iron ore drops below $US100 in wake of COP26
The price of 62 per cent Australian iron ore fines has dropped below $US100 ($134.6) per tonne for the second time in as many months, as China capped steelmaking capacities.
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Gold, iron ore prices take a tumble
Gold prices suffered a dramatic loss on Thursday, falling to $US1775 ($2348) per ounce, as the United States federal reserve indicated a number of interest rate hikes by 2023.
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Iron ore prices high on robust steel production
Iron ore prices have continued their upward trajectory, reaching more than $US103 ($150) per tonne and remaining above $US100 nearly every day since Vale flagged mine disruption risks.
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Walkabout challenges claims of slowing Chinese graphite demand
According to Walkabout Resources, a previously reported “sudden and material decrease” in spot prices for all graphite flake sizes in China has not occurred.
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Gold price forecasting equitable to ‘wishful thinking’
An industry expert, Surbiton Associates director Sandra Close has warned those interested in gold to be aware of the shortcomings of gold price forecasts being made, given the volatility of the precious metal.
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Commodities prices to continue slump for years
Analysts say there is “little light on the horizon” for the current commodities downturn for several years due to increasing imbalances between physical supply and demand.
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2014: Mining jobs cut so far…
Shaky commodity prices and the end of the boom have resulted in a bad year for job losses, and BHP and Rio have warned of more to follow.
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Gold prices on the way up
Gold prices are looking set to crack the $US1400 mark yet again, with surges over the last three weeks leading to a finish of $US1385 per ounce last week.
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Twiggy Forrest takes a hit on iron ore price
Fortescue Metals suffered a massive loss yesterday, during Australia’s worst trading session in a month.
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Woodside inks billion dollar LNG deal
Woodside have signed what is thought to be a multi-billion dollar LNG deal which will see Japan’s Chubu Electric receive 1.5 million tonnes of liquefied gas over three years.
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Paladin Energy posts $40 million loss in September quarter
Perth-based uranium miner Paladin Energy has posted a $40 million September quarter loss despite recording an 11 per cent rise in production at its flagship operation.
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Yancoal want more cash for coal
Yancoal is seeking to alter its contract with WA’s state-owned power generator Verve Energy, as production costs continue to outweigh the price being paid for coal.
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Value lost on gold reserves in 2013: INFOGRAPHIC
A snapshot showing the dollar value country’s lost when the gold price dropped earlier this year.
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Gold price tipped to improve but market not following suit
The World Gold Council has told the Diggers and Dealers mining conference that gold prices will improve over the long term due to strong demand from China and India.
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Billions at risk: APPEA call for urgent policy reforms
The peak body for Australia’s oil and gas industry has warned the next wave of investment in projects may not materialise unless serious policy reforms are undertaken.
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