BHP Billiton is planning to cut costs big-time over the next two years. The mining giant aims to save $2.2 billion, which would mean a 10% cut to unit costs across the board.
Great Boulder Resources Ltd [ASX:GBR] hit the jackpot today. Shareholders will be mighty pleased.
Smartphones, big data, artificial intelligence, cryptocurrency mining and emerging blockchain technologies, are all pushing demand in this sector. Could it be a very unexpected double boost for zinc then?
Iron ore rallied in July and August. Yet it has plummeted in the last few weeks after fears that the crack-down on pollution could affect both supply and demand of the iron ore market.
The price of tungsten has jumped 52% since early July, It has beaten all 22 major materials in the Bloomberg Commodities Index. Tungsten has gained for six straight months. The longest rally since 2012.
This morning, BHP Billiton Ltd [ASX:BHP] fell 2.2% to $26.68 per share. BHP isn’t the only miner down today. Rio Tinto Ltd [ASX:RIO] and Fortescue Metals Group [ASX:FMG] also traded lower, down 1.6% and 1.5% respectively.
What’s going on in the auto industry right now is incredible. China is scaling up production and spending billions on plug-in vehicles, which seem to be gaining traction among drivers. This is providing an added tailwind for metal prices.
Nickel advanced as much as 2.9% to $12,380 per metric ton on the London Metal Exchange — its highest since June 2015. It joins copper at new multi-year highs...
Hurricane Harvey is the latest of the many setbacks to hit BHP’s US shale assets. The company has finally decided to sell its onshore US shale assets after pressure from shareholders.
The miner released positive results this morning. Full year underlying earnings were up were up 730% to $1.15 billion. Revenues also jumped 20% to $6.95 billion.