Share this article VANCOUVER - Group Eleven Resources Corp. [ZNG-TSXV] has intersected a wide interval of significant copper and silver mineralization at its Denison copper-silver prospect within its 100%-owned PG West project, Ireland. The intercept confirms previously known mineralization and in part expands the outer boundary of its assayed lower-grade envelope.G11-4474-01 intersected 116.7 me...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Europe-focused lithiumdeveloper Vulcan Energy (ASX:VUL) announced yesterday that the company hassecured a new binding lithium hydroxide offtake agreement with?EUR?Umicore, as partof its Zero Carbon?EUR...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were generally up strongly this morning, Monday October 18, with energy shortages and high energy prices continuing to affect supply. The market seems to be ignoring, for now, the weaker economic data out of China.China's gross domestic product climbed 4.9% in the third quarter, down from 7.9% in the second quarter.Autom...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Great Panther Mining (TSX:GPR) reported Monday that Tucano's geotechnical committee has advised the companythat additional remediation work is required on the Urucum Central South("UCS") open pit to im...Read More
Oct 18 (Reuters) - U.S. Trade Representative Katherine Tai and Deputy Trade Representative Jayme White will travel to Brussels on Tuesday and then to London on Thursday to attend the G7 trade ministers meeting, the USTR office said.In Brussels, they will meet with European Union leaders and participate in roundtable discussions with labor and environment leaders, the USTR office added. Tai will re...Read More
NEW YORK (Reuters) - The dollar gained slightly on the day on Monday as Treasury yields rose on expectations the Federal Reserve will need to hike interest rates sooner than previously expected to quell rising price pressures.Market participants expect the U.S. central bank will need to act as inflation looks to be stubbornly persistent and unlikely to fade anytime soon.Global increases in inflati...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Russian mining company Polymetal,a top-10 global gold producer and top-5 global silver producer, today announcedfirst concentrate production at the Nezhda gold-silver mine, located in Russia."Following...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - IAMGOLD (TSX: IMG) (NYSE:IAG) today reported that the company produced 153 thousand ounces in Q3 2021,4% less than a year before (Q3 2020: 159 thousand ounces).The company said that its Essakanemine in...Read More
Just in time for Halloween, something spooky is happening in the energy market: Coal is crawling out of the grave to reclaim its old seat at the table.After what we all assumed was certain defeat at the hands of cheap natural gas and renewable energy, the ghost of energy past is back to haunt us once again.In the U.S., coal consumption topped out at 1.1 billion tons all the way back in 2007. Ever...Read More
Oil patch names continue to hit our screens. Meanwhile, Canada is number one, and not in a good way.Insiders buy as Whitecap Resources makes new highsClick here to read our latest free Insights newsletter that keeps you up-to-date with the key themes and trends on the INK platform. Read More
Belgian battery materials manufacturer Umicore has lowered their full-year outlook for 2021 because the global semiconductor shortage has impacted its catalysis, cathode materials and recycling segments business, the company said on Monday October 18.Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to approach ?,?1 billion ($1.16 billion), compared with the prev...Read More
TOKYO, Oct 18 (Reuters) - Bitcoin hovered near six-month highs on Monday in anticipation of the listing of the first futures-based bitcoin exchange-traded funds (ETF) in the United States, which investors hope will boost cryptocurrency trading volumes.If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bitcoin Strategy ETF completes a 75-day period since the fund ma...Read More
(Reuters) - Confidence among U.S. single-family homebuilders rose by the most in nearly a year in October as customer traffic improved for a second straight month, although builders remain concerned that the shortages that are driving up materials prices will hurt home affordability.The National Association of Home Builders/Wells Fargo Housing Market Index rose 4 points - the most since November 2...Read More
BUDAPEST (Reuters) - A surge in price growth in eastern Europe has opened a rift between central banks that have launched rate hikes to battle inflation and populist governments trying to defend a strong economic recovery.The standoff is most apparent in Hungary and the Czech Republic, where national elections have complicated the task of central banks, which have led the way in the European Union...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver are flat leading into the European open at the start of the week. The yellow metal is trading at $1765/oz while silver is holding at around $23.27/oz. Copper has had another good sessio...Read More
Trading activity in the European hot-rolled coil market remained subdued on Monday October 18, with mills and buyers both holding back from trading, sources told Fastmarkets.Sentiment remains gloomy due to the drop in demand from the automotive segment. Auto-industry output - and, consequently, steel demand - has fallen due to a shortage of semiconductors. Market sources reported that mills supply...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Gold pricesare not far from unchanged in early U.S. trading Monday. Bulls are wobbly againand need some new fundamental information to jumpstart a rally. December goldfutures were last up $0.60 at $1,...Read More
Domestic prices for hot-rolled coil declined in the European Union in the week to Friday October 15, reflecting bearish sentiment in the market and poor demand from the automotive segment.Buyers and sellers have held back from making deals, with only limited volumes traded in Europe during the week.Steel prices have been under downward pressure from weak automotive demand, high distributor stocks...Read More
Oct 18 (Reuters) - Apple Inc (AAPL.O) on Monday announced two new MacBook Pro models that run on more powerful in-house chips, furthering its break from previous supplier Intel Corp (INTC.O) and showing its strategy for setting its machines apart from the rest of the PC industry.The new 14-inch and 16-inch models start at $1,999 and range up to $6,099 in their most expensive variations. Using...Read More
AMSTERDAM, Oct 18 (Reuters) - Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.Amsterdam-based Philips said comparable sales dropped 7.6% in the July-September period to 4.2 billion euros ($4.9 billion) as...Read More