Production curtailments at major Chinese producer Ningxia Tianyuan will continue to support manganese flake and ferro-chrome markets, market participants have told Metal Bulletin. Last month, Ningxia Tianyuan, the world's biggest manganese flake producer, cut manganese flake output by around 16,000 tonnes per month after one of its three facilities were closed for maintenance, a source at the...Read More

The Bonterra Resources Gladiator Project exploration camp located 170 km northeast of Val d'Or, Quebec. Source: Bonterra Resources Inc.Shares of Bonterra Resources Inc. [BTR-TSXV; BONXF-OTC; 9BR1-FSE] and Metanor Resources Inc. [MTO-TSXV; MEAOF-OTC] were active Tuesday June 19 on news that the companies have agreed to create a new gold exploration and development company, focused on Quebec's Urban...Read More

A Drill Rig Deployed For The Horne 5 Deposit In Rouyn Nouran.Osisko Gold Royalties Ltd. [OR-TSX, NYSE] said Tuesday June 19 that it has struck a deal to acquire 90% of the silver stream on Falco Resources Ltd.'s [FPC-TSXV] Horne 5 Project in Rouyn-Noranda, Quebec for a consideration of $140 million with ongoing payments equal to 20% of the spot price of silver to a maximum of US$6/oz.The upfront p...Read More

Val-d'Or, Qu?(C)bec, June 19, 2018 - Abitibi Royalties Inc. (RZZ:TSX-V) (OTC - Nasdaq Intl:ATBYF) ("Abitibi Royalties" or the "Company") is pleased to announce that it has been admitted to the Nasdaq International Designation program effective today and its common shares will trade in the United States under the ticker ATBYF.The Nasdaq International Designation program commenced in December 20...Read More

Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More

HONG KONG (Reuters) - Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.The 85-10 bipartisan vote marked one of the few times the Republican-led Senate has veered from White House policy and c...Read More

ANKARA (Reuters) - Turkish President Tayyip Erdogan said on Tuesday interest rates had to come down to bring investment into the country, two weeks after Turkey’s central bank raised interest rates for a second time in two weeks.“If we are going to strengthen investors, we have to do it through low interest rates,” Erdogan told a meeting in southern city of Adana.Turkish central...Read More

Further threats of US tariffs against China has spooked the markets and three-month base metals prices on the London Metal Exchange were down across the board on the morning of Tuesday June 19, with the complex down by an average of 0.5%.This adds to the weakness seen in the second half of last week.Copper led the decline with a 1.2% fall to $6,891 per tonne, followed by a 0.7% drop in aluminium (...Read More

(Reuters) - U.S. stocks fell on Tuesday and the Dow Jones Industrial Average turned negative for the year as a sharp escalation in U.S.-China trade dispute rattled the markets.President Donald Trump, in an unexpectedly swift and sharp move, threatened to impose a 10 percent tariff on another $200 billion of Chinese goods and Beijing warned it would retaliate.Trump said his move followed China&rsqu...Read More

NEW YORK (Reuters) - The dollar, yen and Swiss franc rose on Tuesday as traders piled into perceived less risky currencies after U.S. President Donald Trump threatened to slap more tariffs on China, fanning a trade dispute between the world’s two biggest economies.Trump said he would impose a 10 percent tariff on $200 billion of Chinese goods, following levies on $50 billion worth of Chinese...Read More

BRUSSELS (Reuters) - European Union countries will commit to drive reform of the World Trade Organization to ensure trade is both free and fair, assuming their leaders adopt draft conclusions prepared ahead of next week’s EU summit.EU leaders will meet in Brussels on June 28-29 to discuss a range of issues, including migration and security as well as trade, which has taken on added importanc...Read More

VIENNA/MOSCOW (Reuters) - Russia and Saudi Arabia are pushing OPEC and its allies to raise oil output steeply from July to meet growing demand and cover supply outages in Venezuela and Libya despite opposition from several members of the producer group including Iran.“Oil demand usually grows at the steepest pace in the third quarter ... We could face a deficit if we don’t take measure...Read More

CALGARY - The Canadian Energy Research Institute says a pipeline capacity gap that is impeding the movement of Western Canada's crude to market will close by 2021 and there will be surplus capacity from about 2022 until 2030.In a forecast based on financial modelling, the Calgary-based think-tank calls for the Enbridge Line 3 and Trans Mountain expansion pipelines to open in about two years, follo...Read More

(Reuters) - Wall Street was set to open sharply lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods heightened concerns that tit-for-tat tariffs could spiral into a trade war.U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods and Beijing warned it would fight back with “qualitative&rd...Read More

BERLIN/PARIS (Reuters) - France said an investment budget for the euro zone and a backstop for European banks demanded by President Emmanuel Macron are non-negotiable, raising pressure on Chancellor Angela Merkel before talks on Tuesday on reforming the bloc.French Finance Minister Bruno Le Maire said failure to reach an agreement on reforming the euro zone during talks between the two leader in M...Read More

On June 18, 1940, Winston Churchill gave his "finest hour" speech. This is how it ended:What General Weygand called the Battle of France is over. I expect that the Battle of Britain is about to begin. Upon this battle depends the survival of Christian civilization. Upon it depends our own British life, and the long continuity of our institutions and our Empire. The whole fury and might of the enem...Read More

ROME (Reuters) - Italy will try to reduce debt to preserve investors’ confidence in the highly indebted country, as the outlook for economic growth starts to slip, Economy Minister Giovanni Tria said on Tuesday.Speaking in the lower house of parliament, Tria said “the confidence of financial markets is necessary” for Italy, whose debt amounts to around 1.3 times it annual economi...Read More

By Rene Wagner and Joseph NasrBERLIN, June 19 (Reuters) - Germany’s Ifo institute on Tuesday cut its forecasts for growth in Europe’s biggest economy this year and next, citing a weak start to the year and increased global risks.Ifo said it expected the German economy to grow by 1.8 percent this year and in 2019, a big revision downwards from previous forecasts of 2.6 percent and 2.1 p...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week following the Eid al-Fitr break, sources told Metal Bulletin on Tuesday June 19.Buyers expect new price offers later this week or early next week. The UAE returned to work on Monday June 18, but Saudi Arabia will continue celebrating Eid until Thursday June 21. UAE traders expect offers from China to...Read More

* German, US 10-bond year yields hit 2-1/2 week low* Most other euro zone bond yields down 2-3 bps* Draghi dovish at Sintra, euro slips* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Writes through, adds chart)By Abhinav Ramnarayan and Dhara RanasingheLONDON, June 19 (Reuters) - Euro zone government bond yields fell on Tuesday as escalating trade tensions between the United States and...Read More