Nov 16 (Reuters) - Wall Street indexes were set to open slightly higher on Tuesday as a strong holiday forecast from Walmart and a better-than-expected retail sales data boosted confidence in an economic recovery.With Americans starting their holiday shopping early to avoid empty shelves amid supply chain disruptions, retail sales rose more than expected in October, giving the economy a lift at th...Read More

Turkish steelmakers were mostly quiet in the deep-sea scrap import markets following a sharp decline in the country's currency value, market participants told Fastmarkets on Tuesday November 16.Mills booked three deep-sea cargoes for December shipments at the beginning of the week.A steel mill in the Marmara region booked a UK cargo at $490 per tonne and a Baltic Sea cargo at $494.50 per tonne cfr...Read More

WASHINGTON, Nov 16 (Reuters) - U.S. import prices surged in October as the costs of petroleum products and food increased, adding to signs that inflation could remain high for a while.Import prices accelerated 1.2% last month after gaining 0.4% in September, the Labor Department said on Tuesday. In the 12 months through October, prices jumped 10.7% after rising 9.3% in September. Economists polled...Read More

Nov 16 (Reuters) - Goldman Sachs expects the S&P 500 index (.SPX) to rise by a more modest 9% by the end of next year, saying the record-setting rally is likely to cool on worries over slowing economic growth and the prospects of higher interest rates.The U.S. equities market has been on a tear this year, with the benchmark index surging about 25% as the economy recovers from the pandemic lows...Read More

WASHINGTON (Reuters) - U.S. retail sales increased more than expected in October, likely as Americans started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of the fourth quarter.Retail sales surged 1.7% last month, the Commerce Department said on Tuesday. Data for September was revised highe...Read More

LONDON, Nov 16 (Reuters) - The euro fell to a new 16-month low versus the dollar on Tuesday, while Asian currencies gave up their gains from dialogue between the U.S. and Chinese presidents.The dollar index held near its highest in 16 months, having rallied since U.S. inflation data last week showed consumer prices surged to their highest rate since 1990, fuelling speculation that the Federal Rese...Read More

UK-based recycler HyProMag Ltd has established a subsidiary in Germany to roll out the commercialization of technology to recycle rare-earth magnets into the European market, a shareholder in the British company has said.Magnito Ltd is a subsidiary of Canadian minerals explorer Mkango Resources, and it holds a 42% stake in HyProMag. According to Mkango, the goal of the new German operation is to s...Read More

Share this article VANCOUVER - Evergold Corp. [EVER-TSXV; EVGUF-OTC] has released by far the highest grades of gold, silver, zinc and lead ever achieved in drilling at the GL1 Main target, located on the 100%-owned Golden Lion property in the Toodoggone epithermal district, northern British Columbia.Assay results for drill section 23-24-25, encompassing the final three holes of the program, defin...Read More

The latest analysis from recent activity on the CME Group's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt, standard grade, in-whs Rotterdam.Key tradesOctober 8: 90 tonnes (15 tonnes each month between January to June 2022, all at $26.75 per lb)October 14: 5 tonnes for December 2021 at $26.85 per lbOctober 15: 65 tonnes (5 tonnes for November 2021 at $...Read More

Chinese lithium-ion battery cathode materials producer Beijing Easpring Material Technology has signed a strategic cooperation agreement with SK Inc to develop cathode materials production projects in Europe, Asia and the United States, the company said on Monday November 15.Under the agreement, SK will invest in Easpring's Finnish joint venture with an equity ratio of no more than 30% to develop...Read More

We spoke with Stephen Wilkinson, President and CEO of Gold'n Futures Mineral Corp. (CSE: FUTR, FSE: G6M, OTC: GFTRF). Gold'n Futures is a Canadian based exploration company, focused on advancing its flagship Hercules gold project, located 200 kilometres northeast of Thunder Bay, Ont., in the heart of the prolific Beardmore-Geraldton gold mining camp. Gold'n Futures has built an extensive historica...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More

By Other For Kitco News Follow @KitcoNewsNOW Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitati...Read More

Prices for flat steel products in Russia's Central Federal District around Moscow were flat during the week ended Monday November 15, with market participants expecting possible price increases for December deliveries due to good demand, sources told Fastmarkets.Traders suggested that if no newgovernment measures are implemented to cool local prices, there may be a price increase for December...Read More

At the end of the legendary gladiator film Spartacus, the Romans capture the rebel and his army. The Roman general says he will crucify them all unless the man known as Spartacus identifies himself. So Kirk Douglas, in the title role, stands up and is about to speak when another man says, "I am Spartacus." Then so does another man and another, until the whole army is standing in solidarity with th...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 is trading flat this morning leading into the European open at around $1862/oz. Silver is marginally lower holding at the psychological $25/oz area. In the rest of the commodities complex, copper...Read More

Domestic prices for hot-rolled coil were fairly stable in Northern Europe and Italy on Tuesday November 16 due to a lack of trading activity, sources told Fastmarkets.Spot buyers will remain in "wait-and-see" mode until the price trend becomes clear and long-term contracts are settled, sources said.Producers across Europe have been aiming for higher prices for first-quarter rolling coil due to ris...Read More

(Recasts, updates prices, adds market details)LONDON, Nov 15 (Reuters) - Copper fell on Monday as datashowed weakness in China's property sector, Chinese coal pricesplunged, the U.S. dollar strengthened to a 16-month high and asupply squeeze on the London Metal Exchange (LME) continued toease.China is the biggest consumer and producer of metals. Lesshomebuilding would reduce demand, and lower coal...Read More

The downward trend in China's domestic rebar prices was halted by a rise in trading activity on Tuesday November 16, sources told Fastmarkets.Domestic Eastern China (Shanghai): 4,700-4,730 yuan ($737-742) per tonne, unchangedBuyers raised procurement rates on Tuesday morning in response to futures gains, which halted the decline in spot market prices, sources said.The most-traded January rebar fut...Read More

Mexican ferrous scrap prices were stable for most grades, but sparse reports of price increases and higher-price deals were spotted in what could be the beginning of an uptrend in prices.At least one Mexican scrap buyer was heard applying slight increases for prime grade scrap, since the material supply was short. There were also reports of higher deals for some obsolete grades.But for most grades...Read More