Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The mining consultancy and advisory group has appointed Broadfoot as CEO as it looks to further expand its service offering.Broadfoot has an impressive CV, having worked at Anglo American (LN:AAL), Rio Tinto (LN:RIO) and New York-based corporate advisory firm EAS Capital Advisory.He was also co-founder and CEO of mining services provider Salva Resources, a company sold to US engineering firm HDR w...Read More
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The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transactions: rebarRebarOman, export, rebar, traded at $615-620 per tonne cfr, theoretical weight, to the UAE.Oman,...Read More
The two significant milestones represent "a multi-year, collaborative effort by our team and our commitment to environmental sustainability," chief executive John McClusky said in a statement.Read More
Now is a good time to hedge stock positions after volatility decreased sharply "More volatility could be ahead, with the VIX closing the week (and the month) above the 18 area .... VIX technical pattern that stands out to me at present is similar to the early May through first half of July 2019 action - seen in the chart immediately below, in which a trendline connecting lower highs (similar to Au...Read More
Wall St. For Main St., Released on 11/8/21Last week the Fed announced a $15 billion per month taper. But it is not meaningful, especially when politicians in DC plan on spending many trillions more. And if the Fed attempts rate hikes it can crash the entire system. Fed to start tapering bond purchases later this month as it begins pulling back on pandemic aid https://www.cnbc.com/2021/11/03/fed-d....Read More
* Discount for cash over 3-month copper contract narrows * Alumina prices help fuel aluminium's climb to 2-month high (Updates with closing prices, adds comment)By Pratima DesaiLONDON, Aug 29 (Reuters) - Copper prices eased on Wednesdaydue to worries about demand in top consumer China after a stateplanning official said there were increasing risks to growth inthe second half of the year.Benchmark...Read More
"$BK - The Bank of New York Mellon Corporation (BK) CEO Todd Gibbons on Q4 2019 Results - Earnings Call Transcript. Read more and get updates on any stock! https://t.co/I2CnDcj3z1 #stockmarket #finance #economy"Read full newsRead More
RIMOUSKI, Quebec, March 02, 2018 (GLOBE NEWSWIRE) - Puma Exploration Inc. (the "Company" or "Puma") (TSX-V:PUMA) is pleased to announce the signature of a non-binding Letter of Intent (LOI) with Trevali Mining Corporation (TSX:TV) setting the terms of a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouch...Read More
While investors and traders are still waiting for direction on China-United States trade talks, markets are reviewing their individual situations and adjusting accordingly.The two big movers have been the precious metals and nickel, both correcting lower as profit-taking and, or short-selling, set in, while the rest of the markets seem to be consolidating.With US President Donald Trump addressing...Read More
The European hot-rolled coil (HRC) market has remained under pressure from the traditional seasonal slowdown in demand and uncertainty over the final decision in a safeguarding case, sources told Fastmarkets this week.And high stocks and seasonal destocking mean distributors have little interest in making new deals. Having set provisional 25% tariffs for 23 steel products ...Read More
(IDEX Online) - An Indian jeweler has set a world record with a watch made of 17,524 natural hand-cut diamonds.Renani Jewels, in Meerut, Uttar Pradesh, has been recognized by Guinness World Records for its Srinika bracelet timepiece, for "the most diamonds set on a watch".The watch, inspired by ancient Indian mythology, weighs 373.030 gram and contains 54.70 carats of diamonds, all E or F color an...Read More
Nanoco Group plc (OTCPK:NNOCF) Q2 2023 Results Conference Call March 28, 2023 6:00 AM ETCompany ParticipantsBrian Tenner - CEOLiam Gray - CFOBrian TennerHello, everyone.Read full newsRead More
A rising wave of anti-mining protest in Peru, which has paralyzed several operations in the world's second largest copper producing country in the last few months, is already affecting investors' perceptions, authorities warned Tuesday.Julio Velarde, Peru's central bank president, said the country's image as a safe investment destination is at stake. Swearing-in as the bank's leader for five years...Read More
China will no longer accept scrap metal shipments from abroad from January 1, 2021, the government said on Wednesday November 25.Scrap buyers in China were informed via a joint statement from the environmental and commerce ministries, the General Administration of Customs and the National Development and Reform Commission that their import quotas for foreign waste, including waste paper and scrap....Read More
Standard-grade cobalt prices were forced closer in line with prices for alloy-grade material earlier this week after consumers resisted paying a premium for the former, despite its tighter availability. Fastmarkets assessed the standard-grade cobalt price at $16.05-18 per lb, in-warehouse Rotterdam, on Wednesday February 20, down by 6.2% from $17-19.30 per lb on February 15.The alloy-grade cobalt...Read More
- Darryl Robert Schoon...the financial system experienced some serious liquidity shortages in August 2007, and the Fed injected funds to help keep financial markets operating effectively so that they would continue to support ongoing economic activityFederal Reserve Bank of San Francisco, August 2007In August 2007, a credit crunch swept global markets forcing central banks to provide billions...Read More
Xin Guobin, Deputy Minister of Industry and Information Technology (MIIT), has urged regional officials to speed up the introduction of policies to boost automobile consumption. Speaking at a press conference during China's Manufacturing Industry Resumption Meeting on March 30, Xin said MIIT are "actively cooperating with relevant ministries and commissions to study policies and suggestions for st...Read More
The price of containerized ferrous scrap imports into India was little changed this week, ending its six-week rally, following other global markets' pause in buying activity, sources told Fastmarkets on Friday August 21. Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $309.47 per tonne on Friday, just 17 cents down from $309.64 per tonne one week pre...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More