A new energy scenarios report identifies a critical need for large-scale investment and regional integration to unlock greater economic potential and mitigate risks for the energy sector in Latin America and the Caribbean.The World Energy Council has identified that if the Latin American & the Caribbean (LAC) region is to achieve a sustainable economic growth of 2.7% to 2060, an effective system o...Read More
May 31 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India ( CRISIL (NS:CRSL)) for local debt instruments as of May 30, 2017. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) --------------------------- --------- SHORT TERM RATINGS: ------------------- AbacusBGCRISIL A411Reaffirmed(Issuer NotCooperating) Adnan TradersPacking CreditCRISIL A470Reaffirmed Adnan Trad...Read More
Investing.com - Gold prices held steady on Wednesday, amid mounting expectations for a U.S. rate hike next month as investors awaited the release of key U.S. employment data later in the week.On the Comex division of the New York Mercantile Exchange, gold futures for June delivery were steady at $1,262.48.The June contract ended Thursday's session 0.47% lower at $1,262.10 an ounce.Futures were lik...Read More
(Adds company news items, futures)May 31 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points at 7,535 on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* IG GROUP: IG Group Holdings Plc IGG.L , a British online trading company, said it expected full-year pretax profit and earnings to be "modestly" ahead of last year,...Read More
May 31 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 8 points at 7535 on Wednesday, according to financial bookmakers.* INDIVIOR: British drugmaker Indivior Plc INDV.L said on Tuesday it applied for a new drug application to the U.S. Food and Drug Administration to market its drug to treat opioid use disorder (OUD). ANTOFAGASTA: Chilean mining company Antofagasta Minerals ANTO.L...Read More
Description As global demand weakens and commodity prices fall, we're seeing a challenging environment in the metals and mining industry. Mining companies are increasingly coming under pressure to reduce operating costs, causing many to shift their strategic planning, delay new investments and look to long-term future growth. This Copper Short Term Outlook report provides a detailed breakdown of...Read More
Mining will commence in July at the Urquhart bauxite project in far north Queensland. The Queensland company, LCR Group, is the main contractor.Although very small, the development of Urquhart reflects growing confidence about the outlook for bauxite, the feedstock for aluminium.Aluminium prices have increased by over one-third since late 2015.According to mining consultancy firm, CRU, "China's gr...Read More
After twelve months building momentum (with a big wobble in the middle) hedge funds bullish bets on commodities hit at a record high in February this year.Turns out the smart money was too optimistic about the strength and length of China's economic recovery and the timing and scale of US stimulus under new leadership.Prices went sideways for the better part of a year even as bullish positions con...Read More
May 30 (Reuters) - Hindalco Industries Ltd HALC.NS , India's biggest producer of aluminium and copper, posted a 26 percent rise in fourth-quarter profit as revenue from operations increased on higher base metal prices.Profit rose to 5.03 billion rupees ($77.82 million) in the quarter ended March 31, from 4 billion rupees a year earlier, Hindalco said on Tuesday. on average had expected the compa...Read More
Investing.com - Gold prices were steady after touching a fresh four week high in European trade on Tuesday as European geopolitical fears sapped risk appetite, underpinning safe haven demand for the precious metal.Comex gold futures dipped 86 cents, or 0.07%, to $1,267.51 a troy ounce by 07.15 GMT after rising to $1,270.32 earlier, the highest since May 1. Meanwhile, spot gold was at $1,267.81.Als...Read More
Workers at Barrick Gold's (TSX, NYSE:ABX) Veladero mine in Argentina on Sunday embarked on an unplanned strike over better working conditions, but suspended the labour action 35 hours later as talks to end the dispute continue.A total of 2,500 were involved and a spokesperson for the union representing 1,500 members at the mine, Argentina's biggest gold operation, said workers "returned to work a...Read More
Jack Lifton, Founding Principal of Technology Metals Research, LLC, took the time to speak with SmallCapPower at Mines and Money New York, explaining how he believes recycling is essential to ensure adequate global cobalt supply, yet thinks cobalt could already be in a "death spiral."Read More
The silver miners stocks have been slowly grinding higher this year, but it has been a volatile ride. This sectors alternating surges and plunges have spawned outsized swings in sentiment, really distorting investors perceptions of the major silver miners.The silver miners' stocks have been slowly grinding higher this year, but it's been a volatile ride. This sector's alternating surges and plunge...Read More
Investing.com - Gold prices were little changed near a four-week high in European trade on Monday, as the latest ballistic missile test by North Korea supported safe-haven demand.Comex gold futures shed 60 cents, or less than 0.1%, to $1,267.47 a troy ounce by 3:00AM ET (0700GMT). Meanwhile, spot gold was at $1,267.59.Prices of the yellow metal ended Friday's session up almost 1%, after touching i...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More
If success is measured in averting another looming supply glut and bolstering OPEC budget deficits, then the nine month extension of production cuts to March 2018 is a triumph of pragmatism.However, the firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year.Three main aspects of the deci...Read More