The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand. Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium...Read More
Peter KrauthDespite muted action in silver over the past week, the precious metal continues to form a solid base. In fact, silver prices today (Tuesday) are already up 1.3% in morning trading.There were, nonetheless, two main market-related events last week that were extremely relevant for silver prices.The first was comments from the new Federal Reserve Chair Jerome Powell that, along with an imp...Read More
NEW YORK (Reuters) - Oil prices rose on Tuesday, supported by a weaker dollar but U.S. crude’s gains were limited by forecasts for a weekly rise in U.S. crude stockpiles.Brent crude LCOc1 futures rose 25 cents to settle at $65.79 a barrel, a 0.4 percent gain. Brent reached a low of $65.30 a barrel and a six-day high of $66.16 a barrel during the session.West Texas Intermediate (WTI) crude CL...Read More
Chinese mining shutdowns drove tungsten concentrate and APT prices upward in the latest assessment, with European APT prices following suit. Chinese APT, concentrate prices bolstered by operation suspensions European APT prices follow Chinese market upward European ferro-tungsten market sees subdued spot demand The Chinese tungsten market rebounded significantly last week, and domesti...Read More
WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement.Few details have emerged from the White House over the scope and timing o...Read More
Chinese stainless mills issued higher ferro-chrome tender prices for the month of March, lending support to UG2 chrome ore and Asian ferro-chrome prices. UG2 chrome ore, Chinese contract prices increase on higher mill tender prices Japanese, South Korean prices bolstered by strengthened Chinese market European ferro-chrome prices firm on thinning supplies, expectations of higher benchmark US price...Read More
Story by Jeff DesjardinsCourtesy of: Visual CapitalistEvery year, a vast amount of copper is used by the global economy to manufacture a wide variety of goods.It's a major ingredient in big-ticket consumer goods like autos, appliances, electronics, and new homes. Simultaneously, copper is also gobbled up for many industrial uses including telecommunications, utilities, construction, and industrial...Read More
WASHINGTON (Reuters) - The U.S. House of Representatives will debate bipartisan legislation next week aimed at preventing violence at schools following the shooting deaths of 17 people at a Florida high school on Feb. 14, Majority Leader Kevin McCarthy said on Tuesday.McCarthy, the second most powerful Republican in the House, did not outline any other bills the chamber might consider that are urg...Read More
Barrick Gold (NYSE, TSX:ABX), the world's top miner of the precious metal, is moving forward with its global employee share plan, which aims at making every staff member an owner of the company.As part of the initiative, launched in 2016, the Canadian miner's employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares, it said Tuesday."Just like...Read More
Chief executive of the NEX exchange Patrick Birley sat down with Proactive Investors' Andrew Scott to discuss what sets the NEX Exchange apart as, what he terms, the 'other London stock exchange'.Birley says the NEX offers a more community-focused approach through engaging with companies and working to understand what companies want to achieve in the market. Meet Scancell Holdings Plc, Advan...Read More
(Reuters) - Wall Street steadied on Tuesday as signs of easing tensions in the Korean Peninsula and political pressure against U.S. metals tariffs offset the fears of a global trade war that have dominated markets since last week.A Bloomberg report quoting a close ally of President Donald Trump as saying that Trump was open to changes to his proposed tariffs on steel and aluminum was cited by trad...Read More
SHANGHAI, Mar 6 (SMM) – Nonferrous metals futures saw mixed trading on Tuesday March 6 as SHFE copper, aluminium and nickel edged up, while SHFE zinc lost over 2%. Lead and tin both fell close to 1%.The ferrous complex continued to weaken with iron ore slipping close to 2%. Coke and hot-rolled coil were down almost 1%, while rebar and coking coal edged down slightly.Copper: SHFE copper touch...Read More
Nick Stevens, chief executive of StoneChecker, tells Proactive they've signed an exclusive marketing and distributor arrangement with Korea Computer Motion ISG.The agreement's for sales and distribution of the StoneChecker kidney stone analysis software in South Korea.Stevens says they're making good progress on further distribution deals - particularly in the US. Meet Scancell Holdings Plc,...Read More
NEW YORK (Reuters) - While February’s stock market sell-off and renewed volatility battered macro hedge funds, some escaped unscathed: Quest Partners’ flagship fund returned 18.9 percent in the year through mid-February for clients that include the pension fund for the New York police and fire departments.“The majority of our clients are trying to add to their positions with us,&...Read More
WASHINGTON (Reuters) - Democratic Senator Elizabeth Warren promised to fight a U.S. Senate bill easing bank rules introduced following the 2007-2009 global financial crisis as the chamber moved on Tuesday to begin debating the draft bipartisan legislation.Warren, long a consumer advocate, warned customer protections would be eroded as the Senate moved closer to passing the first rewrite of the 201...Read More
Savannah Resources Plc (LON:SAV) chief executive David Archer updates Proactive's Andrew Scott on the results of metallurgical testing at their Mina Do Barroso project in Portugal.Archer also touches on latest Developments in Oman - saying talks are ongoing over the final outstanding approval. Meet Scancell Holdings Plc, Advanced Blast & Ballistic Systems Ltd and TokenCommunities Plc at our...Read More
Car production in Mexico increased by 6.2% year on year in February, according to figures released by national automotive association Amia on Tuesday March 6. Output reached 328,352 units last month against 309,234 units in February 2017. Mexico exported 275,980 cars in February, an 11.2% increase from the 248,288 cars exported in the same...Read More
SALISBURY, England (Reuters) - Britain warned Russia on Tuesday of a robust response if the Kremlin was behind a mysterious illness that has struck down a former double agent convicted of betraying dozens of spies to British intelligence.Foreign Secretary Boris Johnson named Sergei Skripal, once a colonel in Russia’s GRU military intelligence service, and his daughter Yulia as the two people...Read More
Car production in Brazil increased by 6.2% year-on-year in February 2018, led by higher sales to both the domestic and export markets,Output reached 213,500 units, compared with 201,100 vehicles a year earlier, according to figures released by national automobile association Anfavea on Tuesday March 6."Sales are on the rise and February's daily sales average was higher than in January, even...Read More