WASHINGTON (Reuters) - A leading U.S. House of Representatives member has privately urged banks to push Senate Democrats to agree to further easing of financial rules in a bid to end a stalemate over the first rewrite of regulations since the 2007-2009 financial crisis, sources said on Tuesday.Representative Jeb Hensarling, who is leading House discussions on the first rewrite of the 2010 Dodd-Fra...Read More

Sareum Holdings Plc (LON:SAR) chief executive, Dr Tim Mitchell, talked to Proactive Investors' Andrew Scott about Sierra Oncology, which is the licence-holder for the Sareum-developed SRA737 cancer drug.Mitchell said he's heartened Sierra is more than doubling the size of two phase II clinical trials of the treatment (one underway, the other upcoming).He is also impressed by the methodology used b...Read More

RAPAPORT... Mountain Province's March tender achieved the miner's highestaverage selling price to date, driven by a bigger-than-usual selection of largeand high-value diamonds, the company said. The miner sold 177,000 carats of rough from its Gahcho Ku?(C)mine at an average price of $142 per carat, for a total of $25.1 million, itreported in a statement last week. Production from the end of last y...Read More

The much-anticipated FOMC meeting concluded today, resulting in an announcement that they will raise the Fed funds rate by 25 basis points (1/4%). This was in complete alignment with existing market sentiment. They also announced that they would stay the course and are projecting a total of two more rate hikes this year, for a total of three rate hikes in 2018.Although the 25-basis point rate hike...Read More

SHANGHAI, Mar 21 (SMM) – Nonferrous metals were weak today with SHFE zinc leading the loss with a drop of 1.7%. Copper fell 1.5% while aluminium, nickel, and tin edged down. Lead slumped near closing and closed flat from Tuesday March 20.The ferrous complex saw mixed trading today. Iron ore gained nearly 1%, while coke and coking coal inched up. Hot-rolled coil dropped over 2% and rebar dipp...Read More

Apollo Minerals' (ASX:AON) Hugo Schumann talks Proactive Investors through the decision to acquire a 75% interest in the Aurenere tungsten-gold project in northern Spain.Schumann says the project's contiguous with their Couflens Project next door in France and provides an extension of strike along a highly prospective corridor for tungsten and gold.  Meet Wolf Minerals, Thor Mining PLC, Rainb...Read More

SHANGHAI, Mar 21 (SMM) – Nonferrous metals were weak today with SHFE zinc leading the loss with a drop of 1.7%. Copper fell 1.5% while aluminium, nickel, and tin edged down. Lead slumped near closing and closed flat from Tuesday March 20.The ferrous complex saw mixed trading today. Iron ore gained nearly 1%, while coke and coking coal inched up. Hot-rolled coil dropped over 2% and rebar dipp...Read More

SHANGHAI, Mar 21 (SMM) – Nonferrous metals were weak today with SHFE zinc leading the loss with a drop of 1.7%. Copper fell 1.5% while aluminium, nickel, and tin edged down. Lead slumped near closing and closed flat from Tuesday March 20.The ferrous complex saw mixed trading today. Iron ore gained nearly 1%, while coke and coking coal inched up. Hot-rolled coil dropped over 2% and rebar dipp...Read More

NEW YORK (Reuters) - U.S. stocks rose on Wednesday, building on earlier gains after the U.S. Federal Reserve raised interest rates as expected and a recovery on Facebook shares.The Federal Reserve raised interest rates and forecast at least two more hikes for 2018, signaling growing confidence that U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressi...Read More

(Kitco News) - Streaming company Wheaton Precious Metals Corp. (TSX, NYSE: WPM) late Wednesday reported that its adjusted profit in the fourth quarter was comparable to the same period a year ago.Adjusted net earnings were listed $82.3 million, or 19 cents per share, compared to $81.9 million, also 19 cents, in the fourth quarter of 2016. Fourth-quarter cash flow was $165 million, compared to $175...Read More

U.S. equity index futures were mixed this morning prior to news this afternoon at 2:00 PM EDT from the FOMC meeting. S&P 500 futures were down 2 points in pre-opening trade.FedEx slipped $0.19 to $251.80 despite reporting higher than consensus quarterly sales and earnings. In addition, Stifel Nicolaus and JP Morgan raised their target price on the stock.General Mills dropped $2.93 to $47.00 af...Read More

Scandinavia has been a happy hunting ground for Mincon in the past 12 months.Read More

SHANGHAI, Mar 21 (SMM) – Prices of prebaked anode will continue to tumble as supply grows after production restrictions are lifted at the end of the heating season, SMM believed. SMM sees downward room in prices, which have declined for three consecutive months. According to SMM, profit margins could be significant if current cash costs for prebaked anode are capped ...Read More

SHANGHAI, Mar 21 (SMM) – Norilsk nickel in the Shanghai market traded at a discount of about 400 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on Wednesday March 21, while Jinchuan traded at a premium of 100 yuan/mt, SMM learned.Jinchuan offered nickel plate at 101,200 yuan/mt today.As nickel futures traded in a tight range in the morning, traders made offers actively due t...Read More

(Kitco News) - Gold and silver prices are solidly higher in afternoon U.S. trading Wednesday, on short covering and bargain hunting following recent selling pressure. Prices extended already-good gains after the FOMC statement was issued. Gold prices have come down a bit from their highs, however. April Comex gold futures were last up $15.00 an ounce at $1,327.10. May Comex silver was last up $0.3...Read More

SHANGHAI, Mar 21 (SMM) – The zinc spot market in Shanghai saw more transactions on Wednesday March 21 as 0# zinc traded at 24,400-24,500 yuan/mt. Downstream consumers purchased more actively as prices of zinc declined, SMM learned.The 0# common brand traded at a discount of 60-50 yuan/mt against the SHFE 1804 contract, the 0# Shuangyan brand at a discount of 40-30 yuan/mt, and...Read More

FTSE 100 closes down around 22ptsMining stocks wanted as dollar retreatsAll eyes and ears on Fed's interest rate decision FTSE 100 closed in the red as sterling  strengthened as traders fret about a potential trade war and ahead of the Fed's interest rate decision.The UK's premier index closed down around 22 points at 7,038, while the FTSE 250 shed over 55 points at 19,668.In curren...Read More

SHANGHAI, Mar 21 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDriven by bullish sentiment on the US economy and an expected hike in interest rates, the US dollar rebounded to 90. Weak economic data for the eurozone also bolstered the greenback.However, nonferrous metals fell across the board under pressure from the strong dollar. LME...Read More

(Kitco News) - Gold prices are holding on to daily gains as the Federal Reserve maintains its forecast that it will raise interest rates only three times this year, while signaling more rate hikes in 2019 and 2020As widely expected, the U.S. central bank raised interest rates by 25 basis points, pushing the federal funds rate to a range between 1.50% and 1.75%. However, most investors were focus...Read More

The World Gold Council, the market development organisation for the gold industry, has welcomed Detour Gold Corporation and Kirkland Lake Gold Ltd. to its Board of Members.Detour Gold Corporation (“Detour”) is a Canadian mid-tier gold mining company, with expected 2018 production to be between 600,000 and 650,000 ounces. Detour owns and operates the Detour Lake mine, one of the largest...Read More