Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe are unchanged over the past week, sources said on Wednesday June 20.The Southern European domestic price for mesh-quality wire rod held at ?,?520-535 ($602-620) per tonne delivered on June 20 from a week earlier."Mills are looking to push prices up but this hasn't happened yet - the expectation is...Read More
BERLIN (Reuters) - The leaders of Germany and France agreed on Tuesday to create a budget for the euro zone and hailed a “new chapter” for the currency union, but they left the details to be worked out later with other members of the 19-country bloc.Their meeting, to prepare for an EU summit on June 28-29, had been dubbed a “moment of truth” for bilateral relations by Franc...Read More
The ZincX Resources Akie Project exploration camp in the Kechika Trough, 260 km north-northwest of Mackenzie, northeastern British Columbia. Photo courtesy ZincX Resources Corp.Zinc miners predict by 2025 production will fall short by 4.3 million tonnes annually - an opportunity not lost on Peeyush Varshney, CEO of British Columbia-based ZincX Resources Corp. [ZNX-TSXV]."We are confident in th...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump told Republican lawmakers on Tuesday he would back either of the immigration bills making their way through the House of Representatives, as the outcry grew over his administration’s separation of immigrant parents and children at the U.S.-Mexico border.Representative Mark Meadows said Trump told Republican members of the House at a meeting...Read More
Prices for rebar produced and delivered in Northern Europe are unchanged over the past week amid stronger demand and reduced stock levels, sources told Metal Bulletin on Wednesday June 20.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe held at ?,?535-545 ($620-631) per tonne delivered on Wednesday."We can see that demand is coming back but it has not exactly spiked,"...Read More
BEIJING (Reuters) - The Trump administration has “blood lust” when it comes to pushing its trade agenda against China and wants to “suck the lifeblood” from China’s economy, a state-run newspaper said on Wednesday, stepping up the angry rhetoric over their dispute.President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariff...Read More
BEIJING (Reuters) - China expressed regret on Wednesday over a U.S. decision to withdraw from the U.N. Human Rights Council, with state media saying the image of the United States as a defender of rights was “on the verge of collapse”.U.S. Ambassador to the United Nations Nikki Haley announced the decision to pull out of the council on Tuesday over what she said was chronic bias agains...Read More
Three-month base metals prices on the London Metal Exchange were up across the board on the morning of Wednesday June 20, with the complex up by an average of 0.3%. Nickel and zinc prices led the way with gains of 0.5%, while copper was up by 0.2% at $6,843 per tonne.This rebound follows yet another day of price weakness on Tuesday that saw the base metals complex drop by an average of 1.7% and th...Read More
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,316.53, down 67.10 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 41 cents, or 4.49 per cent, to $9.54 on 14.9 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Down five cents, or 1.12 per cent, to $4.42 on 12.6 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail...Read More
* China strong midpoint fixing calms investors’ nerves* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVhBy Saikat ChatterjeeLONDON, June 20 (Reuters) - The dollar hit a 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying higher-yielding currencies and markets braced for growing volatility.Currency markets had breathed a sigh...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
You've heard of a pick-and-shovel play before.The phrase goes back to the days of the California gold rush, when many of the profits being made weren't from those actively looking for gold. Instead, vast fortunes were built selling picks and shovels to miners looking to strike it rich. I also think it's safe to say that most of the members of our investment community have taken advantage of these...Read More
SEOUL/BEIJING (Reuters) - North Korea’s Kim Jong Un and Chinese President Xi Jinping came to an understanding on issues discussed at a summit of the two leaders, including denuclearization of the Korean peninsula, the North’s state media said on Wednesday.Kim and Xi assessed the historic meeting Kim had with U.S. President Donald Trump in Singapore last week and exchanged opinions on w...Read More
Calidus Resources (ASX:CAI) controls the entire Warrawoona Gold Project, in the East Pilbara district of the Pilbara Goldfield, in Western Australia. We learned from David Reeves, Managing Director of Calidus Resources, that they have a resource of 712,000 ounces, at 2.1 grams a ton, outcropping over 2.6 kilometers. It is open in all directions, and they have just commenced the resource extension...Read More
CALGARY - Baytex Energy Corp. and Raging River Exploration Inc. have signed a deal to merge operations.The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions in Canada and the Eag...Read More
BEIJING (Reuters) - China will use targeted cuts in banks' reserve requirement ratios (RRR) and other monetary policy tools to boost credit supply to small firms, state radio quoted a cabinet meeting as saying on Wednesday.China will stick to its prudent and neutral monetary policy to keep liquidity reasonably stable, so as to keep economic growth in a reasonable range, it added.China will strengt...Read More
VANCOUVER - Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion.Under the deal, South32, which already holds a 17 per cent stake in the company, has agreed to pay $6.20 per share for the shares it does not already hold.Shares in Arizona Mining were up $2.00 or about...Read More
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,314.42, down 14.54 points)Prometic Life Sciences Inc. (TSX:PLI). Biotechnology. Up two cents, or 3.28 per cent, to 63 cents on 30.3 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 24 cents, or 1.94 per cent, to $12.14 on 12.9 million shares.Bombardier Inc. (TSX:BBD.B). Aeros...Read More
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,328.96, up 63.14 points)Nemaska Lithium Inc. (TSX:NMX). Miner. Down three cents, or 3.09 per cent, to 94 cents on 5.04 million shares.Katanga Mining Ltd. (TSX:KAT). Miner. Down nine cents, or 6.67 per cent, to $1.26 on 4.8 million shares.Yamana Gold Inc. (TSX:YRI). Miner. Up 22 cents, or...Read More
CALGARY - Railway exports of crude oil from Western Canada are starting to increase, a welcome sign for producers who were forced to accept bigger price discounts and, in some cases, curtail production, as export pipelines filled to near capacity earlier this year.Crude-by-rail exports to the United States jumped to a three-year high in March of just over 170,000 barrels per day, the highest...Read More