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

A summary of the operational results for Russian steelmaker Severstal for the third quarter (July-September) of 2021In brief Steel sales were up by 1% quarter on quarter to 2.69 million tonnes due to strong sales of pig iron and slabs. Sales of hot-rolled steel and plate increased by 1% quarter on quarter to 1.12 million tonnes. The total share of export sales volume, including sales of pig iron,...Read More

ROME, Oct 18 (Reuters) - Italy has been asked to provide more than 7 billion euros ($8 billion) in capital to UniCredit to strike a deal over Monte dei Paschi and offload as much as possible of the state-owned bank to the stronger rival, two people close to the matter said.UniCredit (CRDI.MI), Italy's No. 2 lender, agreed on July 29 to discuss buying selected parts of Monte dei Paschi (MPS) (BMP...Read More

Export prices for rebar and wire rod originating from the Commonwealth of Independent States increased during the week to Monday October 18 on bullish offers from mills amid increased rolling costs, Fastmarkets heard.A steady uptrend in the international scrap market since last week, as well as increasing costs of production due to surging electricity and gas prices, pushed offers for CIS-origin l...Read More

(Adds details from report, background)OTTAWA, Oct 18 (Reuters) - Canadian companies anticipate stronger demand as the COVID-19 pandemic fades, but many say supply constraints will limit sales and put upward pressure on costs, a regular Bank of Canada survey said on Monday.The central bank's Business Outlook Survey Indicator reached its highest level on record in the third quarter survey, hitting 4...Read More

Giuseppe Pasini, chairman of Italy's Feralpi Group, one of the leading long steel manufacturers in the European Union, spoke with Fastmarkets' Julia Bolotova about the challenges facing the European steel sector and Feralpi's strategy in light of the EU's ambitious greenhouse emissions reduction goals and global trade restrictions.Energy crisis in EuropeThe recent jump in electricity and gas price...Read More

NEW DELHI (Reuters) -India's central bank said on Monday that policy support is needed for longer for a sustained recovery in Asia's third largest economy from a coronavirus induced slowdown, even as demand has picked up.Earlier this month, The Reserve Bank of India's (RBI) monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus o...Read More

Oct 18 (Reuters) - London's FTSE 100 slipped on Monday as investors ramped up bets of a quicker interest rate hike by the Bank of England, while gaming company Playtech soared after a 2.1-billion-pound takeover offer by Australia's Aristocrat Leisure.The blue-chip FTSE 100 index (.FTSE) ended 0.4% lower, marking its worst session in nearly two weeks, with healthcare (.FTNMX201030) and travel-r...Read More