Copper, zinc prices supported as availability slides

Base metals were higher in quiet conditions on Wednesday December 7, with copper and zinc benefitting from a decline in stocks held in London Metal Exchange-listed sheds. The three-month zinc price recently traded $32 higher at $2,832 per tonne. Availability fell to its lowest since May 2015 – stocks fell 450 tonnes to 439,350 tonnes […]

Swapping Gold for Platinum – Nico Muller new Implats CEO – BizNews

Cape Town – Gold Fields [JSE:GFI] on Wednesday announced the resignation of its executive vice-president Nico Muller, who will be leaving the company to take up the position of chief executive officer of Impala Platinum on April 3 2017. “Since joining Gold Fields in October 2014, Nico has played an important role in fixing the […]

JSE up on commodities, global stocks – Independent Online

The JSE opened slightly firmer on Monday in a quiet morning session, buoyed by stronger commodity prices, robust global markets and a weaker rand. By 9.27am local time the JSE all share index was up 0.24 percent, with industrials rising 0.19 percent, banks adding 0.06 percent, and platinum miners gaining 0.84 percent. Resources were also […]

Look for more direction in metals post option declaration

The base metals continued to diverge yesterday, December 6, with three-month zinc prices pushing higher with a 1.7% gain, lead prices were up 1.1%, while tin dropped 1.3%, aluminium was off 1.1%, copper was down 0.9% at $5,872.50 per tonne and nickel was off 0.1%. Precious metals were down an average of 0.4% yesterday, led […]

Implats appoints a Chief Executive Officer IMPALA PLATINUM HOLDINGS LIMITED –

IMP 201612070004AImplats appoints a Chief Executive Officer IMPALA PLATINUM HOLDINGS LIMITED(Incorporated in the Republic of South Africa)(Registration number 1957/001979/06)JSE Share code: IMPISIN: ZAE000083648ADR code: IMPUY (?Implats?) IMPLATS APPOINTS A CHIEF EXECUTIVE OFFICER Implats is pleased to announce the appointment of Mr Nicolaas (Nico) Johannes Muller as chiefexecutive officer and an executive director of Implats with […]

Gold trades lower in morning trade; Rs 27700/ 27400 key levels to watch today – Economic Times

NEW DELHI: Gold futures were trading flat with marginal losses on the Multi Commodity Exchange (MCX) in early trade on Wednesday, as expectations of an interest rate hike by the US Federal Reserve continued to weigh on the precious metal. The yellow metal was trading lower by Rs 2 at Rs 27,824 per 10 gm […]

Palladium price rally may be overdone –

On Wednesday, the palladium price continued to defy weakness in the precious metal complex with Nymex contracts for March delivery up slightly to exchange hands for $736 an ounce. While gold is down nearly $180 an ounce since Donald Trump’s victory in the US presidential elections and silver and platinum have both dropped, palladium has gained more […]

Neither Gold Nor Silver ETFs Match This 'Wise' Precious-Industrial Metal – Nasdaq

Shutterstock photo ETF investors saw rosy visions postelection of dilapidated roadways getting repaired and insufficient waterways getting built out. A change in the political guard raised hopes for infrastructure spending and economic growth. So exchange traded funds investing in metals with industrial and commercial uses were red-hot in November, while gold sold off as the stock market […]