Turkish steel producers returned to the deep-sea scrap markets for UK-origin cargoes on Wednesday April 25, with prices going down slightly.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $341.07 per tonne cfr, down by $1.53 per tonne day-on-day.The daily index for similar US-origin material closed at $349.67 per...Read More

Middle-class Americans were most likely to say the recession still affects their lives, with 57 percent of those earning between Continue...Read More

Optimism toward Alphabet stock has been high in the options pitsShares of Alphabet Inc (NASDAQ:GOOGL) are slightly higher this morning, after Stifel upgraded the FAANG stock to "buy" from "hold," and lifted its price target to $1,234 from $1,150. The covering analyst highlighted continued strength in search, YouTube, and advertising, while adding Google's products are more important to consumers t...Read More

LONDON (Reuters) - The London Metal Exchange said on Wednesday it would analyze the implications of U.S. sanctions in relation to Rusal’s metal after the Treasury Department gave customers of the aluminum producer more time to comply.“The LME is currently undertaking further analysis in relation to the application of (the extension) in relation to Rusal brand metal, and may issue a fur...Read More

Orca president Hugh Stuart told Mining Journal this week a "hanging wall mineralisation" discovery could boost resources but would not be included in the FS if it were to be released next month as planned.Read More

SASKATCHEWAN - The recent winter drilling program by Denison Mines of Toronto at Waterbury Lake is extremely promising. The project, 64.22% owned by Denison, was the target of 9,794 metres of drilling in 19 holes in 50-metre step-outs in the Huskie zone.Drilling at the Waterbury Lake uranium discovery in the Athabasca Basin. (Image: Denison Mines)The second best result from Waterbury Lake was from...Read More

The seaborne iron ore market continued to weaken on Wednesday April 25, with a cargo of Pilbara Blend fines even offered at a discount against the May average of an index.Metal Bulletin 62% Fe Iron Ore Index: $66.38 per tonne cfr Qingdao, down by $0.88 per tonneMetal Bulletin 58% Fe Premium Index: $55.94 per tonne cfr Qingdao, down by $0.14 per tonneMetal Bulletin 65% Fe Iron Ore Index: $84.70 per...Read More

(Bloomberg) -- After three weeks of intense volatility, metal markets seem to be calming down.Aluminum steadied after a four-day selloff, which was driven the U.S. decision to rein in harsh sanctions against United Co. Rusal. Nickel advanced 1.4 percent as the Philippines moved forward with a plan to limit the area of land miners are permitted to exploit. Most other metals were little changed.&ldq...Read More

Both companies noted strong demand for their automotive businessesLam Research (LRCX) last week sparked a sell-off in chip stocks when it reported a rare shipment miss. Then Taiwan Semiconductor Manufacturing (TSM) added insult to injury just a day later when it gave a dim full-year outlook for smartphone demand. This was followed up in recent days by similarly downbeat forecasts from fellow chipm...Read More

Peter Mullens and Gokhan Kantarcigil both resigned, effective immediately, although Mullens will remain involved with the company as a technical advisor.Carlile is a geologist with over 35 years' experience in the resource industry, having held senior executive and director positions with major and junior miners.Noteworthy senior roles include being president of Newcrest Mining's Indonesian and Ph...Read More

China's steel futures edged up during morning trading on Wednesday April 25, with prices in the physical market gaining strength amid some recovery in demand.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,581 yuan ($567) per tonne, up 17 yuan per tonne October hot-rolled coil: 3,690, up 9 yuan per tonne Dalian Commodity Exchange September iron ore: 473 yuan per...Read More

Investing.com - Gold prices fell on Wednesday, nearing their recent two-week lows as a stronger dollar and rising Treasury yields weighed on demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.30 or 0.54% to $1,325.90 a troy ounce by 04:41 AM ET (08:41 AM GMT), within easy reach of the two-week low of $1,323.80 set on...Read More

RAPAPORT... Israeli authorities have lengthened the amount of time dealers can spendinspecting polished diamonds without paying a 0.1% import duty. Diamond controller Danny Tal, Israel's regulator for theindustry, will now allow companies up to 30 days to examine stones tax-free beforedeciding whether to buy them, as long as the goods are worth $50,000 or more, theIsrael Diamond Exchange (IDE) rep...Read More

It's been a rough 2018 for CMCSA stock Comcast Corporation (NASDAQ:CMCSA) is making headlines today, after the media giant formalized a nearly $31 billion offer for European broadcast giant Sky. The all-cash bid pits Comcast against Twenty-First Century Fox (NASDAQ:FOXA), which offered roughly $26.8 billion for Sky, setting up a bidding war between the two media conglomerates. In addition to the M...Read More

Canada's Pangolin Diamonds (TSX-V:PAN) has found its first diamond at the Jwaneng South Project in Botswana, which is located about 100 km south of the Jwaneng diamond mine, the world's richest.Pangolin is led by Leon Daniels, the same geologist who discovered the kimberlite pipe that produced the giant Lesedi La Rona diamond. The white diamond, measuring about 1 mm, was recovered from a soil s...Read More

(IDEX Online) - The Antwerp World Diamond Centre (AWDC) has signed a cooperation agreement with ALROSA during the City of Antwerp's Mission to Russia. "Leading this mission emphasizes AWDC's commitment to safeguarding Antwerp's position as the leading trade hub in the diamond industry, and signing this new cooperation agreement with ALROSA will expand and strengthen the privileged relationship be...Read More

The miner dropped its total full-year attributable equivalent gold production to 2-2.05 million ounces from the previously planned 2.08-2.10Moz, due to full-year output expectations from South Deep falling to 244,000oz from the initial 321,000oz.Read More

JOHANNESBURG (miningweekly.com) – With all conditions for the proposed acquisition by Australian diversified exploration company Newfield Resources of Aim-listed Stellar Diamonds, now met, the acquisition will become effective from April 26.Newfield had offered 0.76 Newfield shares for each Stellar share, valuing the diamond miner at £7.74-million, or about $10.8-million.AdvertisementA...Read More

China's domestic rebar prices stopped rising on Wednesday April 25 after demand softened. Domestic Eastern China (Shanghai): 3,880-3,920 yuan ($615-621) per tonne, unchangedNorthern China (Beijing): 3,740-3,770 yuan per tonne, unchanged Rebar futures did not perform as strongly as they did in the last couple of days, which led buyers to cut their procurement rates on expectations of lower prices i...Read More

Shares of blue chip BA are set to open higher after earningsComing off its longest losing streak in more than a year, the Dow Jones Industrial Average (DJI) is signaling a positive start. Specifically, futures on the blue-chip index are trading above fair value this morning, thanks to a positive earnings reaction for Boeing (BA) -- though pre-market upside is modest as the 10-year Treasury yield h...Read More