WASHINGTON (Reuters) - U.S. business inventory accumulation increased solidly in August, though motor vehicle retailers continued to struggle to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to cut production.Business inventories rose 0.6% after a similar gain in July, the Commerce Department said on Friday. Inventories are a key component of gros...Read More

WASHINGTON, Oct 15 (Reuters) - U.S. retail sales unexpectedly increased in September, but there are fears that supply constraints could disrupt the holiday shopping season amid continued shortages of motor vehicles and other goods.Retail sales rose 0.7% last month, the Commerce Department said on Friday. Data for August was revised higher to show retail sales increasing 0.9% instead of 0.7% as pre...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) - Figures from The Perth Mint show Demand for Australian bullion products surged in September. Sales of gold coins and bars are at their highest levels in five months and sales of silver coins and b...Read More

Oct 15 (Reuters) - Goldman Sachs Group Inc (GS.N) reported a 66% surge in third-quarter earnings that swept past expectations on Friday, as Wall Street's biggest investment bank rode a record wave of M&A activity that has also boosted profit for other big U.S. banks.Net earnings applicable to common shareholders rose to $5.28 billion in the quarter ended Sept. 30, from $3.23 billion a year ago.E...Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More

WASHINGTON, Oct 15 (Reuters) - U.S. import prices rebounded in September, lifted by higher food and energy costs, but underlying imported inflation showed signs of moderating.Import prices rose 0.4% last month after falling 0.3% in August, the Labor Department said on Friday. In the 12 months through September, prices shot up 9.2% after advancing 8.9% in August. Economists polled by Reuters had fo...Read More

LONDON (Reuters) - The Japanese yen skidded to a three-year low on Friday and was set for its worst week since March 2020, while the dollar headed for its first weekly decline versus major peers since the start of last month as global risk appetite rebounded.In cryptocurrency markets, the price of bitcoin topped $60,000 for the first time in six months and was not far from its record high on bets...Read More

Share this article VANCOUVER - i-80 Gold Corp. [IAU-TSX; IAUCF-OTCQX], together with its wholly owned subsidiaries Goldcorp Dee LLC and Au-Reka Gold LLC, has completed the transactions contemplated by the previously announced asset exchange agreement with Nevada Gold Mines LLC (NGM). Under the exchange agreement, i-80 Gold acquired from NGM, by way of an asset exchange, the Lone Tree and Buffalo...Read More

The spot price for spodumene concentrates has been steady in the past two weeks, while the market is eyeing the next auction for lithium feedstock in late October.Fastmarkets' assessment for spodumene 6% Li2O min, cif China basis was $2,000-2,500 per tonne on Thursday October 15, unchanged from two weeks ago.Tightness in availability and persistent momentum of downstream lithium compounds pri...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) - After two good sessions gold is pausing for breath this morning. The yellow metal trades -0.22% lower while silver is down -0.18%. In the rest of the commodities complex, copper is 0.32% higher along w...Read More

Metals and battery materials company Umicore has signed long-term lithium supply agreements with China's Ganfeng Lithium and Germany's Vulcan Energy Resources, the Belgian company announced on Friday October 15.Ganfeng Lithium, based in Jiangxi, southeast China, will provide Australian-origin lithium from 2022 for "a significant part of Umicore's future lithium requirements in Asia," a press relea...Read More

Most prices for flat-rolled steel products imported into South America were down during the week ended Friday October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in the region.While some offers from China emerged at higher levels, following a week-long holiday in the Asian country, reduced export availability to S...Read More

You may not realize it with the surge in oil and gas stocks recently, but there's another sector of the energy market you need to be a part of.It's the booming solar energy sector.The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% over that time, according to a new report from Allied Research. That's just...Read More

Oct 15 (Reuters) - UK Prime Minister Boris Johnson will host a dinner with world business leaders, including Bill Gates and JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon, The Telegraph reported on Friday.Around 20 executives are expected to attend the dinner in a bid to establish "Global Britain," on Oct. 18 at 10 Downing Street, the report added.Reporting by Anirudh Sali...Read More

MADRID, Oct 15 (Reuters) - Spanish bank Sabadell has reached an agreement with unions to lay off up to 1,605 employees in its home market, fewer than the initially planned more than 1,900, the leading union Comisiones Obreras (CCOO) said on Friday.The agreement to reduce the workforce in Spain was reached after the bank met some of the union's demands, such as setting a lower number of layoffs, ca...Read More

NEW DELHI, Oct 15 (Reuters) - U.S. Senator Elizabeth Warren called for breaking up Amazon.com Inc (AMZN.O) and Indian retailers demanded a government probe of the company after a Reuters investigation showed the e-commerce giant had copied products and rigged search results in India.The Reuters report, reviewing thousands of internal Amazon documents, found that the U.S. company ran a systemati...Read More

Coated steel coil prices increased sharply in Turkey during the week ended Friday October 15 and some producers stopped accepting new orders, sources told Fastmarkets.Producers stopped accepting orders because prices for hot-rolled coil, the base material for coated coils, continued to increase and producers wanted to reflect cost increases in their end-product prices.Fastmarkets' weekly price ass...Read More

A lack of trading across Europe kept domestic prices for hot-rolled coil fairly stable on Friday October 15, sources told Fastmarkets.Bearish sentiment is prevailing in the market, supported by poor demand from the automotive sector and good domestic supplies. Buyers and sellers have mainly been holding back from making deals, with only limited volumes traded in Europe during the week, sources sai...Read More

NEW YORK, Oct 15 (Reuters) - Disruptions to transportation of coffee around the world, caused by container shortages and port congestion, will likely keep coffee prices high for a longer time since they make it more difficult for the market to rebalance supplies geographically.Coffee analysts and traders said on Friday during the annual conference organized by the Swiss Coffee Trade Association (S...Read More

* CBOT corn, soy firm on renewed hopes of increased exports* CBOT wheat turns higher on Paris rally* U.S. soybean crush hits three-month low in September (Recasts, updates with U.S. trading, adds analyst quote, changes byline and dateline, previous PARIS/SINGAPORE)CHICAGO, Oct 15 (Reuters) - Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of...Read More