LONDON, April 30 (Reuters) - China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.The aluminium market is reeling from the devastating one-two of U.S. tariffs and sanctions on Oleg Deripaska's Rusal empire.China, the world's largest aluminium producer, was the main target of those tariffs but might ironically turn out...Read More

The London, Warsaw and Australian-listed company has two coal projects in Poland, Jan Karski and Bebiensko, and has signed a six-month non-disclosure agreement with JSW while the miner looks at buying them or partnering with Prairie.Read More

Wayfair stock sold off after earnings in FebruaryShares of online furniture retailer Wayfair Inc (NYSE:W) are sharply lower in early trading, after receiving a downgrade to "neutral" from "outperform" at Wedbush, along with a drastic price-target cut to $63 from $90 -- though this is still more than double Citron Research's price target. Wayfair stock was down 4.5% at $63.64 at last check.W has be...Read More

Apr 30 (Reuters) - Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA (NS:ICRA)) for local debt instruments as of April 27, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------------ SHORT TERM RATINGS: ------------------- Aditya Birla Fashion AndCP ProgrammeICRA A1+12500 Re-affirmed Retail Ltd Alm Food Products LtdST FBLICRA A4+1...Read More

Rusty Hutson, chief executive of Diversified Gas & Oil plc (LON:DGOC), discusses with Proactive's Andrew Scott the company's "remarkable success" in its first year as a public company."We delivered everything we said we would do at the time of our admission to AIM in terms of growing production through acquisition and subsequently provided the company with robust production and increasing cash...Read More

It was music to gold bug ears.We've all heard the seemingly shocking or outrageous price targets for Gold. So it's not new.Continue...Read More

Glencore Plc dropped the most among the U.K.'s biggest stocks as the company clashed with a former partner over royalties at key copper and cobalt mines in the Democratic Republic of Congo.The shares fell as much as 3.9 percent after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local...Read More

They will replace directors Matt Idiens and Dave Pelham, who plan to retire after the company's annual general meeting later this year.Both directors will also join the company's technical advisory committee, of which Roux has been made chairman.He was most recently COO of Endeavour mining and has over 42 years' experience in the mining industry, with previous experience at Anglo American, De...Read More

Prices for CIS-origin billet remained largely unchanged in the week ending Monday April 30 amid reduced buying activity.Mills and traders sold significant volumes of billet in the preceding week and took a wait-and-see position over the past seven days, preferring to assess the market situation.Traders expect to see another round of price falls in the near term, but mills were more optim...Read More

NYT stock has doubled since Trump was electedDespite repeated claims from President Trump that its business has been "failing," New York Times Co (NYSE:NYT) shares have been booming since he was elected. Indeed, NYT stock was trading near $11 during the 2016 presidential election, and has roughly doubled in value since, last seen trading at $22.20. While the equity has pulled back some since pea...Read More

WASHINGTON (Reuters) - U.S. Treasury officials are meeting with about 10 industry groups on Monday to discuss the latest draft of legislation that would tighten scrutiny of foreign investment in order to limit Chinese efforts to acquire sophisticated U.S. technology, three sources familiar with the meeting said.The Treasury Department supports the bill, which is now in the Senate and a companion m...Read More

Investing.com - Gold prices fell on Monday, nearing their recent five-week lows as waning geopolitical tensions and a stronger dollar weighed on demand for the precious metal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $5.10 or 0.38% to $1,318.30 a troy ounce by 04:40 AM ET (08:40 AM GMT), re-approaching the five-week low of $1,315.70 set on T...Read More

Bert Monro, head of business development at Hummingbird Resources PLC (LON:HUM), caught up with Proactive's Andrew Scott to discuss their first quarter update.Hummingbird poured 18,785 ounces of gold in the first three months of the year with 9,912 ounces of that figure in March.From April 1-24 it has poured a further 8,648 ounces.The company's reiterated its 2018 guidance of 105,000-115,000 ounce...Read More

MCD stock is trading more than 4% higher ahead of the bellFollowing last month's rare loss, the Dow Jones Industrial Average (DJI) seems set for an April win, with futures trading well above fair value this morning thanks to a positive earnings reaction for McDonald's (MCD). The S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also signaling a higher start, as Wall Street reacts to several M&A d...Read More

Import prices for steel billet in Southeast Asia have edged up again over the past week despite the level of general demand remaining soft, while prices for slab fell on lower offers after a period of high prices that lasted for several weeks.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday April 30, widening upwar...Read More

Highlights included 50m at 0.56% copper, 0.5g/t gold and 236.4g/t silver; and 36m at 1.45% copper."We expect to convert a large portion of our inferred oxide resource to indicated, which was one of our primary objectives this season," CEO Adam Lundin said.Filo released a preliminary economic assessment on the oxide portion of the project's existing resource in November, which outlined an after-tax...Read More

LONDON (Reuters) - British Prime Minister Theresa May appointed a former banker of South Asian origin as interior minister on Monday, trying to draw a line under an immigration scandal threatening her authority as she negotiates Brexit.Sajid Javid, the son of immigrants from Pakistan, replaces Amber Rudd, who quit as Home Secretary after acknowledging she had “inadvertently misled” par...Read More

RAPAPORT... Three Art Deco emerald and diamond pieces by legendaryBritish designer Hennell sold for $2.7 million (GBP 1.9 million) at Bonhams in Londonfollowing a bidding war. The collection's top-seller was an early-20th-century,double-sided-cabochon, 12.13-carat emerald and diamond pendant necklace (pictured), whichwent for $1.8 million (GBP 1.3 million), far exceeding its pre-sale estimate of$2...Read More

Gold and silver will zoom if there is any indication that interest rates will not be hiked in June by the Federal Reserve. Trump trade wars with China and Europe will impact industrial metals more. The Korean peninsula peace will be bearish for gold. There can be profit taking in long US dollar positions before the FOMC meet and April's NFP. Fundamentally gold and silver are bearish as physical...Read More

A "no-hike" Fed meeting this week could provide a boost for stocks "...something that has grabbed my attention when listening to a long line of guests on financial television during the past few weeks is the near-consensus opinion that earnings will drag stocks out of their recent funk...as a contrarian, I am reluctant to buy into the consensus here. Friday's poor earnings reactions out of the ban...Read More