(Updates prices, adds commentary)By Collin EatonHOUSTON, Oct 8 (Reuters) - Oil prices almost fully recovered from a sharp drop on Monday, paring losses as investors bet China's economic stimulus moves would lift crude demand in the world's No. 2 economy.Traders sent global benchmark Brent crude tumbling below $83 per barrel early in the session after China's central bank on Sunday slashed lenders'...Read More
* NSE index up 0.31 pct, BSE ends 0.28 pct higher* Reliance Industries (NS:RELI) top boost* Metals dragOct 8 (Reuters) - Indian shares snapped three sessions of losses and ended higher on Monday, after swinging between gains and losses through the day, as oil marketing companies continued to drive gains, while metal and some non-banking financial stocks dragged the investor sentiment.The Indian...Read More
(Refiles to add 'UPDATE 1' to headline)* Recasts with 1 pct price drop* Analysts warn of limited spare capacity* Hedge funds cut bullish crude futures positions* U.S. oil drilling stalls: https://tmsnrt.rs/2IK63ETBy Henning GloysteinSINGAPORE, Oct 8 (Reuters) - Brent crude oil prices fell by more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran's oil ex...Read More
The incredibly positive price action of many gold stocks relative to bullion continues to occur on days when bullion falls hard against the dollar, and when the stock market gets hit. That's impressive!Please click here now. Double-click to enlarge this key daily chart of GDX versus gold.There's a fabulous inverse head & shoulders bottom in play. I coined the phrase, "safehavenization of...Read More
PolarX points to upsideSPONSOREDpolarx ltd The company had advised in August that two appeals were lodged over its Class III underground injection control (UIC) area permit, but one had been withdrawn and it had been hopeful the second would not be successful.Excelsior said last week as part of the settlement, the company, Environmental Protection Agency and petitioners had submitted a joint stip...Read More
Arizona deal a sign of relaxed capital discipline?M&AAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Frazer Tabeart: We feel that the acquisition of Pogo will ultimately serve to give Alaska a much higher profile with Australian investors.There was certainly a very positive response from Northern Star shareholders when the deal was announced. Assuming Pogo delivers, this will he...Read More
Matthew Gill: Northern Star's recent acquisition of Sumitomo's Pogo gold mine, just 130km to our north-east, I think is further endorsement of the attractiveness of doing business in Alaska. Alaska is a top-10 Fraser Institute ranked jurisdiction, pro-development and supportive of mining, well endowed with tier-one mines and projects and support services, and significantly, under-explored, thus pr...Read More
The board of Vale is close to approving a $1 billion expansion of its Salobo copper mine, two people familiar with the matter said, as the world's top iron ore miner seeks to diversify and take advantage of growing international demand for the metal.An email about the upcoming approval was sent internally last week, according to one of the people who was not authorized to discuss the matter publi...Read More
Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a U.S-.China trade war, the mining minister of the world's biggest copper producer said on Monday.Baldo Prokurica also told Reuters the South American nation was considering further opening up its copper and lithium mining industry to foreign investors to capitalise on the demand for both m...Read More
Hawkeye Gold & Diamond (TSX.V-HAWK) has claimed another 137 hectares at the company's McBride property in British Columbia's Golden Triangle.Following September's announcement that it had acquired 100% interest at McBride, a Phase 2 work program began October 7.The program will evaluate the historically reported high-grade copper mineralization from the "Breccia zone" on the newly staked claims. I...Read More
(Bloomberg) - As the metals world descends on London this week, it seems everybody has something in common: they're all copper bulls.Speaking ahead of the annual LME Week gathering that starts Monday, more than a dozen commodity-focused hedge funds, trading houses, producers, banks and brokers were almost unanimously positive on the near-term outlook for the metal used in pipes and wires. Metals s...Read More
Investing.com - Oil traders are likely to stay focused on potential disruptions to global crude supplies in the upcoming week, as looming U.S. sanctions on Iran are widely expected to lead to a tighter market.The sanctions, which from November will include Tehran's oil exports, are being reinstated after U.S. President Donald Trump pulled out of the Iran nuclear deal earlier this year.Iran is the...Read More
Investing.com - Global financial markets will focus on this week's U.S. consumer price data, which should give clearer signs on the pace of inflation and fresh hints on the frequency of Federal Reserve rate hikes through the end of the year.In addition to the CPI data, market players will also pay close attention to comments from a few Fed speakers this week for additional insight into the outlook...Read More
Investing.com - With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond yields on markets, when U.S. bond markets reopen on Tuesday after Monday’s Columbus Day holiday.Concerns over Italy’s rising debts and strains in emerging markets will also remain in focus as markets continue to digest Friday’s mixed U.S....Read More
Investing.com - A stronger U.S. dollar and rising U.S. government bond yields could represent a significant headwind for gold this week despite Friday’s gains, as the precious metal’s inverse relationship to the greenback continues to offset safe haven demand.With a fairly light week on the economic calendar investors will continue to monitor the effects of rising U.S. government bond...Read More
LUSAKA, Oct 7 (Reuters) - Zambia's Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government's plans to increase mining taxes.Africa's second-largest copper producer said late last month that it would introduce new mining duties and increase royalties to help bring down mounting debt. miners such as First Quantum FM.TO , Glencore GLEN.L and Vedanta R...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.This article first appear in Forbes on Oct 7, 2018. After a positive start to 2018, growing trade tensions have raised concerns over global economic growth, while tightening global liquidity is having an adverse effect on many em...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.There is no doubt that the electric vehicle (EV) revolution is underway. Every top global auto manufacturer has outlined EV plans to 2050. And government targets to ban the internal combustion engine are becoming more aggressive. Can...Read More
Gold, base metals downCapital marketsCopper's bounce from a trade-war-triggered low of US$2.62 a pound in early August to $2.84/lb last week is a pointer to increased buying interest, perhaps by bargain hunters but also because t...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.There is no doubt that the electric vehicle (EV) revolution is underway. Every top global auto manufacturer has outlined EV plans to 2050. And government targets to ban the internal combustion engine are becoming more aggressive. Can...Read More