Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe remained unchanged this week because of the low levels of market activity, sources said on Wednesday May 9.Public holidays in several European countries this week have contributed to the drop in activity.The Southern European domestic price for mesh-quality wire rod was ?,?525-550 ($624-654) per.....Read More

(Kitco News) - Gold pricesare slightly lower in early U.S. trading Wednesday. Bulls are fighting to holdthe yellow metal above critical chart support at $1,300.00. Buyer interest inthe precious metals continues to be squelched by a stronger U.S. dollar indexthat hit another 4.5-month high overnight. June Comex gold futures were last down$0.80 an ounce at $1,313.00. July Comex silverwas last up $0....Read More

Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.This is according to the Minister for Resources and Northern Australia Senator Matt Canavan who, in interview with The North West Star, explained that surface soil samples collected at 776 sites yielded significant concentrations of copper,...Read More

Outstanding student debt surpassed $1.521 trillion in the first quarter of 2018, according to data compiled by the Federal Reserve, hitting $1.5 trillion for the first time ever. Continue...Read More

Crude futures are trading higher this morningDow Jones Industrial Average (DJI) futures are trading above fair value, climbing alongside blue-chip energy stocks Chevron (CVX) and Exxon Mobil (XOM) as oil prices turn higher in the wake of the the U.S. decision to withdraw from the Iran nuclear agreement. At last check, June-dated crude futures are up 2.7% at $70.91 per barrel. Investors are also d...Read More

Turkish steel producers stayed out of the market on Wednesday May 9, with no deep-sea transactions reported amid holidays in Russia and Ukraine, sources told Metal Bulletin.The Ukrainian and Russian markets were closed for Victory Day holidays on Wednesday.Market participants nonetheless said that Baltic Sea-origin HMS 1&2 (80:20) will be about $357 per tonne and $360 per tonne cfr&...Read More

WASHINGTON (Reuters) - U.S. producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up.The Labor Department said on Wednesday its producer price index for final demand edged up 0.1 percent last month after increasing 0.3 percent in March.That...Read More

SHANGHAI, May 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index hit yet another new four-month high at 93.42 overnight as treasury yields grew. It then came off slightly but remained above 93. It closed at 93.09, up 0.03%.The two-year treasury yield hit 2.53%, its highest level since September 8, 2008, while the 10-y...Read More

The company said Wednesday the 90% gold recovery had been indicated from leaching test work, with recoveries of up to 97% reported from some tests.Read More

British Columbia's mining industry remains upbeat in 2017, as prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward trend in the mining cycle, according to PwC Canada's 50th edition of their annual report on the mining indu...Read More

(Adds details)LUSAKA, May 9 (Reuters) - Vedanta Resources ' VED.L Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday.Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals FM.T...Read More

Gold once again bounced off the very important 200-day SMA and has now recovered a major part of itsContinue...Read More

GDDY shares have had a huge yearShares of web-hosting specialist GoDaddy Inc (NYSE:GDDY) are up 3.5% in pre-market trading, after the company last night reported strong first-quarter sales, along with a better-than-expected second-quarter outlook. The company also noted that its closely watched average revenue per user (ARPU) metric continues to grow, rising 6% for the period. Already up more than...Read More

(Kitco News)- Gold pricesremain under pressure, and are seeing little reaction to mixed producerinflation pressures. Wednesday,the U.S. Labor Department said its Producer Price Index (PPI) rose 0.2% inApril following an increase of 0.3% in March; the data was in line with economists'expectations. For the year, annual producer inflation increased 2.6%.CorePPI, which strips out volatile food and ene...Read More

Seaborne iron ore trading activity increased on Wednesday May 9, with lower fixed prices but steadier premiums.Metal Bulletin 62% Fe Iron Ore Index: $66.46 per tonne cfr Qingdao, down by $0.34 per tonne Metal Bulletin 58% Fe Premium Index: $54.29 per tonne cfr Qingdao, down by $1.25 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.20 per tonne cfr Qingdao, unchangedMetal Bulletin 62% Fe China P...Read More

A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government.The little-known and remote Maricunga salt flat is far smaller than the expansive Salar de Atacama, where top lithium producers Albemarle...Read More

The copper, zinc and gold miner has taken on Hatch because of his investment banking experience. An engineer by trade, Hatch has also worked at RBS and ING. Vast chairman Brian Moritz said he would be a strong addition to the current five-person board. "We are very pleased to welcome Nick to the Board and believe his experience and technical insight will assist Vast as we develop ou...Read More

Recently in the resource sector we have seen everything including good news being ignored by investors. Jordan Roy-Byrne joins me today to share his thoughts on what companies need to be doing to attract investors and actually get money flowing into their stock. We also discuss the bigger picture when it comes to resistance levels for the whole sector. If the sector experiences a breakout then tha...Read More

SHANGHAI, May 9 (SMM) – Nonferrous metals futures dipped for the most part on Wednesday May 9 as SHFE copper led declines with a drop of over 1%. Nickel, tin, and aluminium fell nearly 1%, and zinc inched down. Lead closed slightly higher. The ferrous complex fell across the board on Wednesday. Rebar and coke dipped over 2%, hot-rolled coil and coking coal lost nearly 2%, and iron ore l...Read More

LUSAKA, May 9 (Reuters) - Vedanta Resources ' VED.L Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday.Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals FM.TO with a tax b...Read More