* Spot gold hit 6-month low on Thursday* Singapore premiums marginally higher* Premiums of 25 cents charged in JapanBy Rajendra Jadhav and Apeksha NairMUMBAI/BENGALURU, June 22 (Reuters) - Gold demand picked up in most Asian centres this week as prices of the yellow metal slid to a six-month low, with gold being sold at a premium in India for the first time in seven weeks.Spot gold touched its low...Read More
The ATAC Resources team. From Left to right: Doug Goss, Chairman, Julia Lane, VP, Exploration, Ian Talbot, COO, Ed Cope, Technical Advisor, and Graham Downs, President & CEO. Source: ATAC Resources Ltd.ATAC Resources Ltd. [ATC-TSXV] has released a maiden mineral resource estimate for its Osiris Project at the Rackla gold property 55 km northeast of Keno City, Yukon. The Osiris Project is 100%...Read More
BEIJING/SHANGHAI (Reuters) - U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese media said on Friday as Beijing kept up with its war of words with Washington while markets wilted.President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if China...Read More
* Dollar index set to post tiny losses for the week* More trade tariffs could offset U.S. tax reform - BOFAML* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVhBy Saikat ChatterjeeLONDON, June 22 (Reuters) - The euro trimmed some early gains on Friday as concerns of a growing trade conflict between the world’s two biggest economies kept a lid on appetite for taking large risky bets.In early...Read More
* GRAPHIC-2018 asset returns: (Adds closing prices)By Maytaal AngelLONDON, June 22 (Reuters) - Zinc prices hit their lowest in10 months on Friday as traders eyed rising stocks and bet onincreased mine supply, while bellwether copper clocked a secondweek of falls on fears a trade war between Washington andBeijing would hit demand.Zinc stocks in London Metal Exchanges warehouses stood at 247,250 ton...Read More
BERLIN (Reuters) - Germany hopes the EU’s reaction to U.S. trade tariffs will bring sense to all those involved and that a negotiated solution will be sought, a spokeswoman for the economy ministry said on Friday.“We want free and open markets,” said the spokeswoman, adding: “We hope that this clear reaction from the EU will lead to sense and objectivity on all sides and th...Read More
Comex copper prices continued their downtrend on the last trading day of the week despite the dollar softening. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 0.10 cents or 0.1% to $3.0205 per lb. The contract is now on a seven-day losing streak. "We have a bullish outlook on copper. We have a hypothetical long position in copper that we initiated at th...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
China's domestic spot battery-grade lithium hydroxide prices fell on Thursday June 21 following the recent downtrend in the lithium carbonate market as well as because of quiet buying activity among downstream consumers. Lithium hydroxide prices fell on lower offers and deals. Lithium carbonate prices stable in China due to slow market activity. Downstream consumers held off from buying in anticip...Read More
In a market dominated by battery electric vehicles, hydrogen fuel cell technology continues to make some headway.Earlier this week, Hyundai announced that it had reached an agreement with Audi to collaborate on hydrogen car technology.Under the terms of the new agreement, the two companies will share intellectual property and components in an effort to bring down costs to make the technology profi...Read More
BEIRUT (Reuters) - German Chancellor Angela Merkel played down expectations of any major breakthrough at hastily-arranged talks among European Union leaders on Sunday on the migration dispute dividing Europe and threatening her own government.Plans for the emergency meeting, before a full EU summit at the end of next week, were thrown into chaos on Thursday when Italy’s new prime minister de...Read More
(Reuters) - U.S. stocks rose on Friday with the Dow Jones Industrial Average looking to snap its 8-day losing streak, powered by a surge in oil prices, but losses in technology stocks curbed some gains.The benchmark Brent crude jumped $1.83 to $74.88 a barrel, following three days of losses, after OPEC agreed to modest crude output increases to compensate for losses in production at a time of risi...Read More
India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More
ROME (Reuters) - Italy on Friday urged Malta to take in a ship carrying more than 200 rescued migrants as the new government pressures European partners to shoulder more of the burden of immigration from North Africa.The Dutch-flagged ship run by the German charity Mission Lifeline was seeking a nearby European dock, a day after anti-immigrant Interior Minister Matteo Salvini said the vessel shoul...Read More
We are rolling out a new press release alert feature for all subscribers. Going forward users with a Watchlist will be able to receive immediate press release alerts for companies on their list. This free service will cover press releases by 8 major newswire providers:ACCESSWIREBusinesswireCNWFSCwireGlobeNewswireNewsfilePRNewswireTheNewswireTo take advantage of this service, go to your Watchlist...Read More
WASHINGTON (Reuters) - Republican leaders in the U.S. House of Representative still plan to bring an immigration bill up for a vote next week, despite President Donald Trump’s urgings on Friday to drop the effort until after November’s elections.“We are bringing that bill to the floor,” House Majority Leader Kevin McCarthy said, referring to legislation that has been postpo...Read More
China's domestic hot-rolled coil prices retreated slightly on Friday June 22 after trading activity fell due to bad weather.DomesticEastern China (Shanghai): 4,260-4,280 yuan ($656-659) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 4,200-4,220 yuan per tonne, down 20 yuan per tonne Although the rainy season for many parts of the country began earlier this week, the effect it had on th...Read More
June 22, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold calculates what South32's acquisition offer for Arizona Mining means to the value of another company with a similar resource.On June 17th, 2018 an Australian company named South32 Ltd. (S32:ASX) agreed to buy the remaining 83% of shares in Arizona Mining Inc. (AZ:TSX) in a deal that values all of Arizona Mining at $2.1 billion Can...Read More
(Reuters) - Energy and bank stocks led the S&P and Dow higher on Friday, though a decline in technology shares capped gains and pushed the Nasdaq slightly lower.The benchmark Brent crude jumped 1.9 percent to $74.48 a barrel, following three days of declines, after OPEC agreed on Friday to raise production by around 1 million barrels per day from July for the group and its allies, according to...Read More
NEW YORK (Reuters) - The euro rose on Friday as traders were encouraged by improved regional economic growth data and new assurances by Italian politicians that their nation would not leave the single currency.The euro was on pace for a weekly gain of 0.29 percent against the dollar, reversing the prior week’s 1.35 percent drop tied to the European Central Bank’s hint it would hold int...Read More