Copper – Mining Weekly reported that the Indonesian government may decide as early as this week whether or not operations can resume at Freeport McMoRan Copper and Gold Inc's (NYSE:FCX) Grasberg mine after a series of accidents led to a prolonged closure.
Copper – Bloomberg reported that a strike was averted that had been planned by workers at Freeport's Grasberg mine demanding the suspension of five employees they suspected were responsible for the tunnel collapse last month was when a last-minute deal was struck.
Copper – Despite supply concerns impacting copper availability, economic growth concerns are heavier handed, pushing the red metal to its lowest price in two weeks.
Copper – As work halted at Freeport-McMoRan Copper & Gold Inc.'s (NYSE:FCX) Grasberg mine, copper rose as high as $7,410 per tonne.
Gold – The gold market had some much-needed good news on Thursday, with the price rising $22 after Asian stock markets tanked.
Copper – Copper prices were up on Thursday, with optimism from Chinese and Chilean data giving the red metal an upward push. Operations at Freeport's Grasberg mine resumed this week.
Cobalt – Martin Kabwelulu, the DRC's minister of mines, is confident that the country's ban on the export of cobalt and copper concentrates will go into "full effect" in the summer, but previous attempts at instating similar bans have failed.
Copper – Bloomberg reported that copper futures are headed for their longest rally since January on the back of the work stoppage at Freeport-McMoRan Copper & Gold Inc.'s (NYSE:FCX) Grasberg mine in Indonesia. A tunnel collapsed at the mine on May 14 and the death toll is now at 17.
Gold – Healthy US retail sales figures boosted the US dollar this week and dragged gold down.
Copper – Despite having recouped some of its losses from the previous session, Dr. Copper appears to be suffering from an ailing economy.
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