U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.Pepsico gained $3.64 to $111.40 after reporting higher than consensus second quarter revenues and core earnings.Celgene advanced $1.30 to $85.15 after reporting positive results in a breast cancer trial.eBay slipped $0.66 to $37.25 after SunTrust downgraded the stock to Hold from Buy.Urban...Read More
China's domestic hot-rolled coil prices continued to rise on Tuesday July 10 on supply concerns in the country's steelmaking hub of Tangshan in the northern region.DomesticEastern China (Shanghai): 4,230-4,250 yuan ($639-642) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 4,110-4,120 yuan per tonne, narrowing upward 10 yuan per tonneHRC prices rose following the circulation of a document...Read More
Antimony prices were stable in Europe over the past week, while prices in China moved down slightly amid continued sluggish demand. Prices for antimony with bismuth content below 100ppm or trioxide-grade in-warehouse Rotterdam stood at $7,900-8,150 per tonne on Friday, unchanged from the mid-week assessment when prices had remained stable."I've been trying to get offers below the Metal Bulletin lo...Read More
The news last week was dominated by breathless headlines about the new trade war between the U.S. and China. But this trade war has been brewing for years and came as no surprise to readers of my newsletter, Project Prophesy. In fact, the new trade war is simply a continuation of the currency wars that began in 2010.I've warned for over a year that President Trump's threats of tariffs should be ta...Read More
My thesis is that currency wars are followed by trade wars and then finally shooting wars among major powers.This happened in the 1930s and it seems to be happening again.Currency wars begin in a condition of too much debt and not enough growth. Countries steal growth from their trading partners by cheapening their currencies to promote exports and import inflation.The present currency war started...Read More
Global crude stainless steel production totaled 12.77 million tonnes in the first quarter of 2018, according to figures released by the International Stainless Steel Forum (ISSF) on Tuesday July 10.This was up by 9.5% year-on-year from the revised figure of 11.66 million tonnes produced in the first quarter of 2017.Stainless steel production in Russia, Brazil, South Korea, South Africa and Indones...Read More
CALGARY, July 10, 2018 /CNW/ – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce it has commenced an exploration diamond drill program on its Toughnut Gold-Silver Property in southeastern British Columbia. The Toughnut claims are contiguous with the northwestern end of Prize’s extensive K...Read More
On July 6, 2018, Zald?-var signed a new power plant supply agreement with Colb??n, a Chilean electric power utility company. The copper mine will be the first to operate with 100% renewable energy: a combination of hydro, solar, and wind power.The Copper Mine, located in Northern Chile, is a 50% joint venture between Barrick Gold and Antofagasta since December 2015. Antofagasta's official website...Read More
July 10 (Reuters) - Australia's Mineral Deposits on Tuesday recommended shareholders accept a revised takeover offer from Eramet, noting that the French company had built up a stake that made it the largest shareholder in the mineral sands producer.Mineral Deposits had rejected the revised A$345 million ($256.85 million) offer in June, saying it still undervalued the company.The turnaround in reco...Read More
Open Mineral says smart contracts can cut some of the pain in shipping metals all over the worldRead full newsRead More
Tesla Inc. and the Shanghai government have left out a crucial detail in announcing a groundbreaking deal for the biggest name in electric cars to build its vehicles in China: how much it's all going to cost.Read full newsRead More
TORONTO, July 9, 2018 /PRNewswire/ - New Gold Inc. (Read full newsRead More
Barrick's deal with Shandong shows how Chinese companies have in recent years stepped up their involvement with Canadian mining companiesRead full newsRead More
Canadian miner Barrick Gold Corp and China's Shandong Goldon Monday said they would deepen cooperation beyond their Argentinian joint venture, potentially working together on acquisitions.Read full newsRead More
Prime Meridian Resources Corp. (Read full newsRead More
Lions Bay Files Early Warning Report Pursuant to National InstrumentRead full newsRead More
Granada Gold Mine Inc. (TSXV:GGM;OTCPK:GBBFF;FRA:B6D) (Read full newsRead More
Glacier Lake Resources Inc. (TSXV:GLI) - ("Glacier" or the "Company") announces the start of a reconnaissance exploration program on its wholly owned "Hackett Property" located in the Sheslay area of northwestern B.C.Read full newsRead More
Gabriel Resources (TSX-V:GBU), the miner that sued Romania for $4.4 billion in alleged losses related to its halted Rosia Montana gold and silver project, said Tuesday its top executive, Jonathan Henry, was leaving the company to "pursue other opportunities."While Henry has resigned from his position as President, Chief Executive Officer and Director, he'll continue to act as a consultant, Gabriel...Read More
MANILA, July 10 (Reuters) - The Philippines' nickel ore exports could drop by up to 17 percent this year as weaker prices curb output in the world's second-biggest supplier, the head of a nickel mining industry group said on Tuesday.Shipments of nickel ore, used to make stainless steel, could fall to 30-35 million tonnes from 36 million tonnes in 2017, Dante Bravo, president of the Philippine Nick...Read More