(Reuters) - Nasdaq stock index futures dropped sharply on Monday as reports of Facebook’s user data being misused weighed on technology stocks and the broader market also bracing for signals from the Federal Reserve for the future path of interest rate hikes.While it is near certain that the Fed will raise rates by a quarter basis point on Wednesday, investors are more focused on whether pol...Read More
Dismissing America's Heartland to a foreign audience, Hillary Clinton says states that didn't vote for her are "backwards." Clinton brags she won the coasts & places that are "moving forward." Be sure to like, subscribe, and comment below to share your thoughts on the video.Read More
Australia's Newcrest Mining (ASX: NCM) said that its Wafi-Golpu joint venture with Harmony Gold in Papua New Guinea will need a further $200 million cash injection to get built under improved plans.The updated feasibility study, released Monday, foresees a larger, $2.8-billion gold and copper project with mine wastes being piped into the ocean. Building the proposed mine had been previously expec...Read More
China's rebar prices fell in both the domestic and export markets on Monday March 19 amid declining futures and weak demand. Domestic Eastern China (Shanghai): 3,730-3,800 yuan ($589-600) per tonne, down 50-60 yuan per tonne Northern China (Beijing): 3,870-3,900 yuan per tonne, down 30 yuan per tonne Rebar futures fell sharply in the first few minutes of trading, which led to a deterioration of se...Read More
SHANGHAI, Mar 19 (SMM)? 1/4 ?China's refined copper output stood at 1.48 million mt in the first two months of this year, according to data from the Chinese customs. Iron ore production during the two-month period amounted to 123.46 million mt, down 2.5% year on year; lead production stood at 845,000 mt, up 16.1% year on year; and zinc output was 957,000 mt, up 2.5% fr...Read More
* Wafi-Golpu JV capital expenditure estimates cut* Newcrest Mining’s fiscal 2018 guidance hit by Cadia mine closure* Harmony to consider various capex funding options (Adds Harmony funding options)JOHANNESBURG, March 19 (Reuters) - Newcrest Mining has cut capital and operating cost estimates for its Wafi-Golpu joint venture in Papua New Guinea.The new estimates announced on Monday are based...Read More
"When the full extent of your venality, moral turpitude, and political corruption becomes known, you will take your rightful place as a disgraced demagogue in the Continue...Read More
Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up.Mine developers say interest from Japanese and Korean firms is particularly strong as they compete with rivals from China, which has built deep supply chain ties with the Democratic...Read More
RAPAPORT...Phillips is set to open a showroom in Hong Kong, reinforcingits commitment to the Asian market. The new space, the auction house's first gallery in Asia,will host regular displays, auction previews, private sales and otherevents, to be led by "Hong Kong. Spotlight. Now.," an exhibition featuring various product types. The show is scheduled to launch on March 26, to coincidewi...Read More
The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon. Chinese spot market halts downward drift but ample supply may drag in near term Europe prices stable, awaits second quarter settlements US market eases, but low stock levels offer support Chinese prices steady Chinese domes...Read More
"One of our core strengths is operating high-grade, narrow-vein underground mines, and Klondex's three operating mines - Fire Creek, Midas and Hollister - are some of theContinue...Read More
By Paul ZimniskyThe discount of gem-quality lab-created diamonds, manufactured for use in jewelry, relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today, according to a survey of prices.For example, a white, 1-carat round diamond that is VS (very-slightly included) in clarity, F-H (near-colorless to colorless) in color, VG-ideal cut, with no-to-low florescence was selling...Read More
WASHINGTON (Reuters) - Jerome Powell heads for his first interest rate increase as Federal Reserve Chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for?Powell’s public comments and Reuters conversations with his Fed colleagues since January, when he was confirmed as chairman, suggest s...Read More
SHANGHAI, Mar 19 (SMM)? 1/4 ?Spot copper in the Shanghai market was offered at a discount of 260-220 yuan/mt on the morning of Monday March 19, SMM learned. This compared with discounts of 290-250 yuan/mt last Friday morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en...Read More
JOHANNESBURG (miningweekly.com) - TSX-listed Mountain Province Diamonds has signed a nonbinding memorandum of understanding (MoU) with De Beers Canada, its partner in the Gahcho Kué mine, to potentially incorporate properties owned by Kennady Diamonds into the Gahcho Kué joint venture (JV).Mountain Province is acquiring Kennady, which owns the Kennady North diamond project adjacent t...Read More
(IDEX Online) - A new direct flight between Israel and India will give a boost to the first-ever edition of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India. The BDB is expecting thousands of visitors from India and abroad to take part in the April 23-25 international diamond week. Some 150 Indian companies will be exhibiting polished diamonds to buyers from across the w...Read More
RAPAPORT...Attempts to upgrade the size and color ofgemstones using a layer of synthetic material have been around for decades, butsigns indicate the techniques are changing.The Gemological Institute of America (GIA) recently received two loose, oval-shaped,mixed-cut, red stones at its New York laboratory. On further inspection, theyturned out to be natural sapphires with a synthetic ruby "overgro...Read More
Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More
This is a bad sign for an industry that is expected to see peak output during 2018Continue...Read More