Jesse Ventura and Brigida Santos talk about the declining state of health in America and whether the sugar industry is behind the trend. Author Max Lugavere shares healthy eating tips and discusses research from his latest book, "Genius Foods."Jesse Ventura, is an American politician, actor, author, Navy Seal, and former professional wrestler who served as the 38th Governor of Minnesota from 1999...Read More
SHANGHAI, Mar 16 (SMM) – Nonferrous metals regained some losses in this afternoon but remained weak at the end of the day. SHFE aluminium, zinc, and lead inched up, while copper, nickel, and tin dropped slightly. The ferrous complex saw mixed trading today as iron ore led losses with a drop over 1%. Rebar and coke edged down, while hot-rolled coil and coking coal inched up.Copper:...Read More
JOHANNESBURG, March 16 (Reuters) - African Rainbow Minerals Ltd (ARM) posted a 15 percent rise in first-half profit on improved performance at its manganese, coal and copper divisions.Headline earnings per share (HEPS) rose to 1,023 cents ($0.86) in the six months ended Dec. 31 from 893 cents in the same period a year earlier. That was in line with the South African diversified miner's guidance.HE...Read More
Indian local secondary billet prices recovered from a steep fall in the first two days of the current week to go up by about 700 rupees per tonne over the past three days on rising finished product prices.Prices for Indian domestic secondary billet, mainly produced via the induction furnace route, ended the week at 33,000-33,400 rupees ($508-514) per tonne ex-mill, narrowing from Metal Bulletin's...Read More
Global stocks traded modestly weaker Friday, pulling U.S. equity futures into the red and threatening the first five-day stretch of declines for the year, as investors reacted to reports of more White House turmoil and braced for news of new tariffs on China in the world's brewing trade war. U.S. equity futures suggest a soft start to the trading session on Wall Street, as well, with contracts t...Read More
Supplies of cobalt and lithium, key for making the batteries that power electric cars and mobile phones, are likely to be limited by 2050, German researchers have warned.According to the Karlsruhe Institute of Technology (KIT) study, published this week in the journal Nature Reviews Materials, a shortage and price increase of cobalt are likely to occur in about thirty years, especially since deman...Read More
India's Aarti Steel has restarted its continuous caster in Cuttack, Orissa, after stopping operations for a revampThe two-strand continuous caster will now be able to produce bloom sections measuring 240 x 280 mm and 250 x 320 mm. It had previously only been able to cast sections measuring 125, 160 and 200 square mm.It has a 200,000 tpy capacity and a casting radius of nine metres.Aarti Steel has...Read More
Polish copper producer KGHM said it expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels.State-run KGHM acquired Chilean and Canadian copper deposits in 2011 when it bought Canada's Quadra FNX for $2 billion, the largest ever foreign acquisition by a Polish company.But a subsequent fall in copper prices and technical issues in sta...Read More
WASHINGTON (Reuters) - By imposing new sanctions on Russia and condemning a suspected Russian chemical attack in Britain, Washington has hinted at a tougher stance toward Moscow despite President Donald Trump’s stated desire for better ties.The U.S. Treasury slapped sanctions on 19 Russian citizens and five entities for election meddling and cyber attacks in the most significant steps the Un...Read More
Gold and silver fell on uncertainty in global financial markets. The USA is trying to blackmail South Korea over trade tariffs by saying that it will roll back military support. Black mailing will not work with South Korea. The USA needs South Korea as an ally MORE than the other way around. USA/NATO now wants to command the South China Sea and the Indian Ocean due to the mineral wealth under th...Read More
The base price assessments for flat and long stainless steel products in Europe widened upward this week despite continued import pressure, sources told Metal Bulletin on Friday March 16.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,050-1,130 ($1,296-1,395) per tonne delivered in Northern Europe, marginally up from ?,?1,050-1,100 per t...Read More
SHANGHAI, Mar 16 (SMM) ? 1/4 ? To promote new energy cars, Xining city of Qinghai province will build 1,000 more charging stations for new energy cars in 2018, and to gradually replace all petrol- and diesel-powered taxis with electric ones, SMM learned from local authorities.The charging stations were introduced to Xining in 2016. At the end of 2017, there were 1,034 charging stations across 16 p...Read More
Chile's Codelco, the world's top copper producer, reaped the benefit of climbing prices for the red metal last year even as production costs rose, and is ready to post a profit of $2.88 billion for 2017, the company's chairman has revealed.Speaking to investors and students at the Faculty of Economics and Business at the University of Chile, Oscar Landerretche said Thursday the preliminary results...Read More
LONDON (Reuters) - Ratings agency Moody’s said Britain’s government might struggle to make the kind of cuts to public spending it has announced as it seeks to keep narrowing its budget deficit.British finance minister Philip Hammond said on Wednesday that he was on track to report the country’s lowest budget shortfall since 2002 for the 2017/18 financial year, at 2.2 percent of g...Read More
Domestic stainless steel prices in China continued to slide over the past week with stockists making a push to destock.Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,500-15,300 yuan ($2,294-2,420) per tonne including VAT for the week ended Thursday March 15, widening downward from 14,600-15,300 yuan per tonne a week earlier. Stockists have...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, and its partner in Gahcho Ku?(C) mine, Mountain Province, are seeking to acquire a Canadian explorer and so expand their jointed operation in Canada's far north.Toronto-based Kennady Diamonds (TSX-V:KDI) owns the Kennady North project, located immediately adjacent to the De Beers/Mountain Province mine.If the proposed...Read More
NEW YORK (Reuters) - The dollar rose against most currencies on Friday, bolstered by solid U.S. economic data that further supported consensus expectations that the Federal Reserve will raise interest rates at next week’s monetary policy meeting.“The gains in the dollar were a positive reaction to the data,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange...Read More
SHANGHAI, Mar 16 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar returned to stand above 90, following remarks from President Donald Trump's newly-appointed top economic advisor Larry Kudlow.Most nonferrous metals weakened. SHFE nickel and copper dropped about 1%. SHFE tin edged down slightly, while aluminium, zinc and...Read More
MOSCOW – Russian diamond producer Alrosa suffered a sharp fall in core profit last year, hit by lower prices for its gems.The world's largest producer of rough diamonds said that earnings before interest, taxation, depreciation and amortisation (Ebtida) fell 28% to 126.9-billion roubles, broadly meeting analyst expectations, on revenues of 275.4-billion roubles.AdvertisementThe average p...Read More