Edition:
India

Peter Hobson

HSBC closes its industrial metals business

03 Jul 2020

LONDON HSBC Holdings Plc has decided to close its industrial metals business, it told Reuters on Friday, as Europe's largest bank pushes ahead with plans to cut around 35,000 jobs.

METALS-Copper set for best quarter in a decade on China rebound

30 Jun 2020

LONDON, June 30 Copper prices headed for their biggest quarterly rise in ten years on Tuesday, as resurgent Chinese demand, supply disruption and global stimulus fed a bounce from March's four-year lows.

Demand plunge will spoil gold rally, says Metals Focus

24 Jun 2020

LONDON Demand for gold will weaken this year as a surge in purchases by investors will not offset a dramatic fall in consumption by jewellers, industry and central banks, an industry report said on Wednesday.

METALS-Copper heads for fifth weekly gain on economic recovery hopes

19 Jun 2020

LONDON, June 19 Copper prices were heading for a fifth consecutive weekly gain on Friday as inventories declined and stock markets rose while demand improved in top consumer China.

U.S. attracts record amount of gold from Switzerland as pandemic upends market

18 Jun 2020

LONDON Switzerland exported 126.6 tonnes of gold worth around $7 billion to the United States in May - the biggest monthly shipment on record - as high prices in New York continued to pull in metal, customs data showed on Thursday.

LBMA says it will investigate Perth Mint gold sourcing allegations

12 Jun 2020

LONDON The London Bullion Market Association (LBMA) said on Friday it would investigate allegations in an Australian newspaper that the Perth Mint processed gold from small-scale gold miners in Papua New Guinea who used child labour and toxic mercury.

Metalor to process traceable gold from small mines in Peru

11 Jun 2020

ZURICH/LONDON, June 11 Metalor, one of the world's biggest gold refiners, is to start processing a small amount of traceable and responsibly sourced gold from small-scale miners in Peru as part of a scheme to improve their conditions.

ETFs outshine futures as investors look for gold exposure

11 Jun 2020

LONDON A rise in the cost of holding U.S. gold futures since the start of the coronavirus outbreak is pushing investors wanting exposure to the metal towards gold-backed exchange traded funds (ETFs), industry data shows.

ETFs outshine futures as investors look for gold exposure

11 Jun 2020

LONDON, June 11 A rise in the cost of holding U.S. gold futures since the start of the coronavirus outbreak is pushing investors wanting exposure to the metal towards gold-backed exchange traded funds (ETFs), industry data shows.

METALS-Copper on track for its biggest weekly gain since September 2018

05 Jun 2020

LONDON, June 5 Copper prices surged on Friday to the highest in 13 weeks as an unexpected increase in U.S. employment in May fuelled hopes of a revival of global economic activity.

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