This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold lost $3.30 to $1,321.60 on Thursday. The TSX Venture Exchange lost 2.47 points to 829.47 while the TSX Gold Index fell 0.55 point to 181.40. Torex Gold Resources Inc. (TXG) led Canadian gold miners lower,again,droppi...Read More
The United States is expected to announce the official Section 232 import tariffs in the next five hours - keep up to date with all the 232-related news.To see...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellThe Investment Industry Regulatory Organization of Canada has imposed a permanent ban and $485,000 in financial penalties on former RBC Dominion Securities Inc. employee Gennaro (Gerry) Scerbo. The regulator found that Mr. Scerbo forged his wife's sig...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange lost 2.47 points to 829.47 Thursday. John Thompson and Azim Dhalla have filed a preliminary prospectus to list their first capital pool shell, Foremost Ventures Corp.The shell plans to sell a $200,000 initial p...Read More
The Mexican government has imposed final anti-dumping duties on imports of welded tube from China, the country's economy secretariat said.The decision follows confirmation that Chinese products were entering the country at lower prices than domestic ones, resulting in significant dumping margins, it added on Thursday March 8.Goods shipped by Chinese exporter Huludao will...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellMichael Skerry, the New Westminster man charged by the U.S. Securities and Exchange Commission for an OTC Link scheme, has lost his motion to have the case dismissed. He had claimed that the court where the SEC was pursuing him had no jurisdiction and...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery lost $1.45 to $61.15 on the New York Merc, while Brent for May lost $1.45 to $64.34 (all figures in this para U.S.). Western Canadian Select traded at a discount of $24.30 to WTI ($36.8...Read More
And so it begins. The United States will impose import tariffs on steel and aluminium, and with depressing inevitability other nations and trading blocs will cry "foul" and reach for the drawer marked "retaliation", almost certainly leading to a wider and broader trade war.It is not difficult to imagine how this will pan out for the wider global economy, geopolitics, overall trade flows and even t...Read More
Comex copper prices softened to the lowest point since mid-February on Thursday March 8 amid ongoing uncertainty relating to US steel and aluminium tariffs. Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 5.20 cents or 1.7% to $3.0820 per lb. Earlier today, the contract touched $3.0795, the lowest since February 12. Questions over US trade policy and poss...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Tuesday was an 82-82-126 draw. The TSX Venture Exchange gained four points to 843 while rough diamond prices inched higher. Matt Manson's Stornoway Diamond Corp. (SWY), $1.34 in the fall of 2016...Read More
Glencore Canada Corp is to supply Noranda Income Fund with all of its zinc concentrate requirements and purchase all the fund's zinc metal for a four-year period ending April 30, 2022. Noranda Income Fund said that until April 30 2019 it will buy the zinc concentrate and sell the zinc metal based on fixed market terms for both concentrate and metal. After that, terms will be agreed annua...Read More
Metal Bulletin's London office brings you the latest news and pricing stories on Thursday March 8.The London Metal Exchange three-month copper price was over $100 per tonne lower in morning trading today, while nickel price dropped 2.8% from yesterday's 5pm close. A firmer dollar and geopolitical concerns over a potential trade war have led to the sustained weakness. Meanwhile, aluminium was...Read More
Representatives of the Democratic Republic of Congo (DRC) mining industry are to start discussions on the mining code with the country's government following a meeting with the DRC president this week. The purpose of the meeting, which took place on Wednesday March 7, was to clarify certain aspects of the country's proposed new mining code. The code was passed by both houses of parliament in Janua...Read More
Increased supply of bauxite from Indonesia is likely to prevent any price rally and could even weaken prices in 2018 after Jakarta relaxed its export ban on the raw material last year, market participants said.Indonesian bauxite is attractive to Chinese alumina refineries because of very competitive pricing due to its low-cost production and cheap freight costs to China, they added."With...Read More
The latest news and price moves to start the Asian day on Friday March 9.The London Metal Exchange's three-month aluminium contract recovered above $2,100 per tonne at the 5pm close on Thursday March 8, with all eyes on the United States' tariff announcement. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The US announcement of a 10% tariff on alu...Read More
The Brazilian government and national steel institute A??o Brasil are deciding whether to "immediately file an appeal" with the United States government against its "extreme" decision to impose a 25% tariff on steel imports, the association said late on Thursday March 8.The group understands that the "blockage" of Brazilian steel exports to the US market - mostly slab steel, which is re-rolled by...Read More
Domestic prices for hot-dipped galvanized coil (HDG) in the European Union have been largely unchanged this week, but the price trend remains positive, sources told Metal Bulletin.The upward trend is supported by good order books of domestic mills and bullish sentiment in the hot-rolled coil (HRC) market.Metal Bulletin's weekly price assessment for domestic HDG in Northern Europe was sta...Read More
Turkish domestic rebar and wire rod prices have increased further this week, thanks to strong demand and rising costs for scrap and billet, sources said on Thursday March 8.Metal Bulletin's weekly price assessment for domestic rebar was $620-635 per tonne ex-works, up from the $605-625 per tonne of last week.The local rebar price in the Izmir region was $620-625 per tonne...Read More
Spot prices for European molybdic oxide and ferro-molybdenum have been relatively stable in Metal Bulletin's midweek assessment, with market activity muted while dealers await the result of second-quarter delivery tenders from consumers in the steel sector. Oxide prices have been unchanged on only 20 tonnes of reported trades, while the alloy market price range has widened on reported trades of ab...Read More
Tungsten miner Wolf Minerals saw its losses narrow in the second half of last year, supported by a significant increase in revenue from its tungsten concentrate and tin businesses during the period. Wolf recorded a net loss of $35.4 million after tax for the half year ended December 31, down by 6% from a loss of $37.7 million in the corresponding period of 2016, according to the company's interim...Read More