April 25 (Reuters) - Canada's main stock index was set to open lower on Wednesday, tracking losses in global shares, due to rising U.S. bond yields and warnings from top global companies about increasing costs.June futures on the S&P TSX index were down 0.11 percent at 7:15 a.m. ET.Canada's main stock index fell on Tuesday as lower oil prices weighed on energy shares, while investors worried a...Read More

Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues. SHFE nickel prices have trended down since the most-traded SHFE July nickel contract hit a high of 109,790 yuan ($17,396) per tonne on April 18, the highest since May 201...Read More

LONDON (Reuters) - Oil eased on Wednesday, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.Overall, the environment for oil is bullish. Supplier cutbacks, steady demand growth, geopolitical tensions and a favorable structure in the futures market have attracted record investment in oil this year.A...Read More

Base metals on the London Metal Exchange were mixed at the close of trading on Wednesday April 25, with zinc falling 2.5% after a 30,075-tonne delivery into Antwerp rattled price sentiment.The metal recorded its widest intraday price move in a week, reaching a low of $3,129.50 per tonne.   Positive backdrops continue to support a potential uptrend for zinc however, with Metal Bulletin's...Read More

The Shanghai in-warehouse zinc premium inched higher after import losses narrowed, while zinc and lead premiums in other regions remained largely stable, with the exception of India where primary lead eased on Tuesday April 24. Shanghai in-warehouse premium rises $10 per tonne  India primary lead premium down on lower-priced deals and weak battery demand  Lead premiums in Southeast Asian...Read More

The London Metal Exchange has announced further guidance on treating sanction-affected contracts, highlighting an extended wind-down period for open positions with UC Rusal. Following an April 23 announcement by the US Department of the Treasury's Office of Foreign Assets and Control (OFAC), the LME has extended the period to close out contracts with Rusal from June 5 to October 23 of this ye...Read More

Gold now set to make new highs within few weeks (by late April-H1 May), as the US Dollar plunges one last time, in concert with falling equities as we predicted.The next inflection points of these assets will probably be in late April-early May: equities make a sub-cycle trough and resume the bull phase, the US Dollar bottoms.Inversely, during late April-early May, the 10-yr bond yield peaks then...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 June delivery gained 35 cents to $68.05 on the New York Merc, while Brent for June gained 14 cents to $74.00 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.85 to...Read More

The yellow metal remains under pressure near $1,320/0z. The ounce troy of Gold navigates the area of 3-week lows. Higher USD, US yields keep the metal under pressure. The solid performance of the greenback has forced the ounce troy of the yellow metal to recede and trade in the vicinity of $1,320, or new multi-week lows. Gold remains under pressure Bullion remains fragile so far today, looking t...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 Wednesday was a discouraging 52-99-143. The TSX Venture Exchange fell five points to 783 while polished diamond prices were flat. Ken MacNeill and George Read's Star Diamond Corp. (DIAM) lost one...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 ReporterNew York spot gold fell $7.20 to $1,322.60 on Wednesday. The TSX Venture Exchange fell 5.45 points to 783.79 while the TSX Gold Index lost 1.11 points to 191.12. Detour Gold Corp. (DGC) led Canadian gold miners lower, dropping 37 cents...Read More

There is a decisive breakdown in the gold to silver ratio, in favor of silver.The ratio has corresponded with rising silver prices, which were up 3.0% for the week to close at $17.16.Gold was lower by 0.7% or $10 for the week to close at $1,338.By Christopher Aaron In early March, we proposed that the gold to silver ratio was forming an important topping pattern and that in order for the ongoing p...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 The TSX Venture Exchange lost 5.45 points to 783.79 Wednesday. Emprise Capital Corp. has listed two capital pool shells: ECC Ventures 1 Corp. (EONE: $0.15) and ECC Ventures 2 Corp. (ETWO: $0.15). Each shell sold a $200,000 initial pub...Read More

Gold companies have historically traded at very high premiums compared to your average stock.The current valuations of these gold mining stocks are far below where they were 10-15 years ago.The chart of GDXJ shows that gold miners are on the verge of a return to those premium valuations.When I first began to heavily research the gold and silver mining sector back in 2003-2004, one of the things I...Read More

Kirkland Lake Gold just finished a phenomenal year production-, exploration- and financial-wise - and was the top performing stock on the TSX in 2017.However, Kirkland is on the verge of an incremental jump in production and cash flow late this year with the stoping of the Fosterville's Swan zone.Kirkland is on its way to realizing a free cash flow yield in the low-teens in 2019.Kirkland could...Read More

Tin premiums in Europe increased slightly in the week to Tuesday April 24 due to a lack of supply from Indonesia, while premiums in China and the United States were unchanged week on week. Indonesia exports less than half prior-month level so far in April  Premium in Rotterdam at fresh two-month highs  US premium supported by trucking shortage, China eyes LME price Premium nears $400/t...Read More

The International Monetary Fund (IMF) has recently raised its economic growth forecast for Latin America and the Caribbean while a gradual recovery continues in the region, which was severely affected by the 2014-16 decline in commodity prices.The region's gross domestic product (GDP) is now expected to rise by 2% year-on-year in 2018, against a previous forecast of a 1.9% increase, the IMF said i...Read More

The latest news and price moves to start the Asian day on Thursday April 26.Base metals on the London Metal Exchange were mixed at the close of trading on Wednesday April 25, with zinc falling nearly 2.5% after a 30,075-tonne delivery into Antwerp rattled price sentiment. Read more in our live futures report.Here are how prices looked at Wednesday's close:Comex copper prices dipped in morning...Read More

Lucas Giannini, an aluminium trader with Gerald Group in London, will leave the company at the end of April, sources close to the situation told Metal Bulletin on Wednesday April 25.Giannini joined the company in...Read More

Chinese nickel premiums hit a fresh nine-month low on Tuesday April 24 on sluggish import demand, while the US market saw increased demand and deal volume in Europe ticked up. Lack of import demand in China pushes premiums down  US market unchanged, demand up after LME volatility  European market stable with uptick in volume Chinese premiums hit nine-month low The cif Shanghai full-plat...Read More