(Rewrites throughout with new levels, adds analyst quote)* Asia ex-Japan shares flat, earnings season to kick off* China trade data mixed, runs a rare deficit in March* Easing fear of imminent U.S. attack on Syria* Bitcoin supported after biggest gains in 4 monthsBy Hideyuki Sano and Swati PandeyTOKYO/SYDNEY, April 13 (Reuters) - Asia stocks pared early gains on Friday as caution crept in ahead of...Read More
Lithium and, more recently, cobalt have caught the attention of investors looking for exposure to the rush to electrify the world's transport system. But copper may be the commodity which benefits most from the slow death of the internal combustion engine.Read More
The state-owned mining company is developing a series of certifications for its operations based on their environmental and social qualities, such as their carbon footprint and respect for human rights.Read More
Canada's largest diversified miner Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK) is amping up its corporate social responsibility game in northern Chile by investing $1 million in a program called Originarias.According to a press release, Originarias was launched in 2016 with a similar investment and is run in partnership between UN Women and Teck. The program's main goal is to provide education...Read More
Copper and iron ore eked out small price gains on Friday after customs data showed imports of raw materials by China improved during the first quarter.In brisk trading New York Comex copper for delivery in May was exchanging hands for $3.07 a pound ($6,770 per tonne). Copper is down 7% year to date.Rising imports have coincided with a build-up of inventories with stockpiles on the Shanghai exchang...Read More
Billionaire Andrew Forrest is studying a proposed 1,500-mile (2,400-kilometer) transcontinental natural gas pipeline as part of his iron ore company's strategy to diversify and to boost Australia's power supply network.Fortescue Metals Group Ltd. confirmed it has undertaken work for a duct that would link the gas-rich state of Western Australia with fuel-strapped East Coast power markets where the...Read More
LONDON/HONG KONG, April 13 (Reuters) - China Molybdenum International (CMOC) Chief Executive Kalidas Madhavpeddi has left the company and the parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.A China-based spokesman said the move was a normal personnel change, adding "having the chairman serve as overseas CEO at the same time shows the company's emphasis on the overseas...Read More
* Dollar gains as risk appetite makes a comeback* World FX rates year-to-date: http://tmsnrt.rs/2egbfVh* Crude prices at highest since 2014: https://tmsnrt.rs/2IK7hyU (Updates to U.S. market close)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat after U.S....Read More
* Dollar gains as Trump amends previous comments on Syria* World FX rates year-to-date: http://tmsnrt.rs/2egbfVh* Crude prices at highest since 2014: https://tmsnrt.rs/2IK7hyU (Updates prices, adds OPEC comment)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front s...Read More
* Dollar gains as Trump amends earlier comments on Syria* World FX rates year-to-date http://tmsnrt.rs/2egbfVh* Oil dips from highest since 2014 https://tmsnrt.rs/2IK7hyU (Updates prices, changes comment)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, more than offsetting declines in Asia, as an expected strong earnings season took front seat aft...Read More
* Dollar gains as Trump amends earlier comments on Syria* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Graphic: Mideast tensions drive crude https://tmsnrt.rs/2IK7hyU (Updates prices, changes dateline from previous LONDON)By Rodrigo CamposNEW YORK, April 12 (Reuters) - Wall Street led stocks higher globally on Thursday, despite declines in Asia, as investors focused on an earnings sea...Read More
The cash will finance drill-ready projects on Goliath's Lucky Strike and Copperhead properties, just outside the famed Golden Triangle, which is receiving renewed interest from a string of miners as the area becomes more accessible and gold prices pick up."Our two properties being drilled are situated in the right geological settings where several large world class mineral deposits have been disco...Read More
Investing.com - Gold slumped on Thursday, as a rise in the U.S. dollar caused a sell-off of the risk adverse precious metal.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, surged 0.37% to 89.55 as of 10:53 AM ET (14:53 GMT).The dollar rose after the latest meeting minutes from the Federal Reserve showed the central bankers felt confide...Read More
Investing.com - Gold prices fell on Thursday, pulling away from the two-month highs hit in the previous session as the stronger dollar weighed and fears over escalating tensions in Syria cooled, but remained on investors’ minds.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $9.5 or 0.68% to $1,350.50 a troy ounce by 05:28 AM ET (09:28 AM GM...Read More
(Adds company news items, futures)April 12 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 18 points lower at 7,239 on Thursday, according to financial bookmakers, with futures FFIc1 down 0.15 percent ahead of the cash market open.* CARPETRIGHT: Struggling British flooring retailer Carpetright CPRC.L said it would seek creditor approval for a restructuring plan to close 92 of its stor...Read More
Tania Constable, who has more than 20 years' experience in the Australian resources sector, was named as the new chief.She was most recently CEO of the Co-operative Research Centre for Greenhouse Gas Technologies and prior to this was a senior executive in the Australian Public Service, including chief advisor in the Treasury's revenue group and head of the department of industry's resources divis...Read More
Hampel has 27 years' experience in lithium, rare earth elements base metals and precious metals geology and has overseen Premier's exploration projects in Zimbabwe since 2014.Over the 2008-2012 period, he was COO and consulting geologist for Tantalus Rare Earths (GR:TAEN) in Madagascar and prior to this was head of department for mining infrastructure and mineral resources for Fugro Consult in Ber...Read More
SHANGHAI, Apr 13 (SMM) – Development in the cathode materials industry is likely to drive the development of new-energy vehicles as cathode materials determine battery performance, said vice president of Yibin Libode New Materials' technology centre, Wu Ceng.At the SMM CoLiNi Summit on Friday April 13 in Quzhou, Zhejiang province, Wu said that the industry remain...Read More
He is a chemical engineer with more than 15 years' experience in sales and marketing, having worked at Johnson Matthey for the last five years, managing five regional sales offices around the world and most recently filling the role of commercial director of lithium ion battery materials.Prior to this he spent over seven of years at Albemarle (US: ALB) where he was fluid catalytic cracking (FCC) b...Read More
SHANGHAI, Apr 13 (SMM) – Nonferrous metals futures saw mixed trading on Friday April 13. SHFE nickel jumped close to 2%, aluminium rose 1.85% while zinc dropped nearly 2%. Lead lost 0.81%, copper fell 0.67% while tin dipped.The ferrous complex closed higher across the board with rebar up 1.62%. Hot-rolled coil increased 1.6%, coke edged up 1.56%, iron ore rose over 1% and coking coal inched...Read More