SHANGHAI, Mar 23 (SMM) – China’s market for air conditioners is likely to maintain its upward momentum given potential demand, stable exports and leadership in manufacturing, said He Jinming, vice Chief Manager at ChinaIOL and chief manager at the Appliance Department.The market for air conditioner has seen robust growth in the last few years. Sales in China exceeded 80...Read More
Speaking at the Global Iron Ore & Steel Forecast Conference, Roy Hill CEO Barry Fitzgerald said while the mine had briefly hit an annualised run-rate of 55 million tonnes per annum, the past few months had seen shipments dip."There's no doubt that January and February were not our greatest moments," he said.The mine was hit by wet weather and "breakdowns that cost us tonnes".Fitzgerald believe...Read More
CARACAS (Reuters) - Venezuelans said on Friday they lacked confidence in President Nicolas Maduro’s decision to knock three digits off the country’s ailing bolivar currency amid soaring hyperinflation.The measure to divide the bolivar by 1,000 will take effect from June 4, the leader announced on Thursday. New notes will be issued although there will be no change in the bolivar’s...Read More
As Facebook's use of data hits the headlines, Eddy Travia co-founder and CEO of Coinsilium Group Ltd (NEX:COIN) explains how the Indorse social platform puts users in charge and gives them a share of the advertisement revenue generated by their personal profiles."Indorse is a decentralised platform that's changing and disrupting the way social media is currently working," Travia said.Coinsilium no...Read More
Luxury vehicle maker BMW won't be signing any supply contracts for lithium and cobalt at least until 2020, when mass-producing electric vehicles (EVs) proves to be profitable, chief executive Harald Krueger said.The German company, which unveiled its first battery electric car in 2013, and is said to be ready to unveil a new wave of EVs later this year, told analysts in Munich it will wait until t...Read More
China has announced plans to impose tariffs on approximately $3 billion worth of United States-origin goods, including seamless steel pipes and aluminium scrap.China said it was considering measures to "balance out the losses caused to Chinese interests" by the US' imposition of blanket tariffs - 25% on steel imports, 10% on aluminium imports - that US President Donald Trump announced following th...Read More
Continue...Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has se...Read More
* Stock markets reel after Trump announces China tariffs* China urges U.S. to pull back from brink* Yen hits highest since November 2016* U.S. Treasury yields set for biggest two-week fall since Sept* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, March 23 (Reuters) - The threat of a global trade war sent stock markets sliding and investors rushing for the safety of...Read More
- Market turmoil as trade war concerns deepen and Trump appoints war hawk Bolton- Oil, gold and silver jump as 'Russia China Hawk' Bolton appointed- Oil up 4%, gold up 2.2% and silver up 1.6% this week (see table)- Stocks down sharply - Nikkei down 4.5%, S&P 4.3% & Nasdaq 5.5%- Bolton scares jittery markets already shell-shocked by US' tariffs against China- Currency wars and trade wars tend to...Read More
SEOUL (Reuters) - Once rejected by North Korea as “human scum,” U.S. President Donald Trump’s latest pick for national security adviser has called for regime change in North Korea, prompting worries in Asia ahead of a historic summit between Washington and Pyongyang.Trump announced in a tweet he was replacing H.R. McMaster with John Bolton, a former U.S. ambassador to the United...Read More
The non-brokered private placement will include up to 15 million units at a price of $0.14 each. Each unit will contain one common share and one warrant, with the latter exercisable into one common share at a price of $0.20 each for a period of 24 months from closing.The funds raised will also be used to evaluate new projects in the battery metals space and for general purposes.Voltaic is creating...Read More
The repeated instances of civil unrest during recent weeks offer yet more evidence that large numbers of Guineans hold the government in complete contempt amid mass school closures and controversy over the recent local elections. But among the numerous protests are renewed signs that many people also blame mining companies for the state's failure to contribute to their wellbeing. Anti-government s...Read More
A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More
"That is a key component of us getting back and doing some test work," George Frangeskides told Proactive.The executive director of Alba Mineral Resources PLC (LON:ALBA) said the Horse Hill consortium is now just waiting for approval from the Oil and Gas Authority, before they can go in and do the extended testing they've been 'keenly awaiting."Alba has recently appointed in its own senior oil and...Read More
Investing.com – Gold prices spiked to a one-month high in mid-morning European trade on Friday as mounting fears over the prospect of a trade war stoked demand for the precious metal.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange rose by $13.80, or 1.04%, to $1,341.20 a troy ounce.Invoking Section 301 of the 1974 Trade Act, U.S. President Donald Tru...Read More
SHANGHAI, Mar 23 (SMM) – Prices of copper scrap are likely to rise as China’s ban on scrap import will shrink supplies in the market, said Li Shilong, vice president at the China Nonferrous Metals Industry Association, Secondary Metals Branch and director at the China Technology Innovation Strategic Alliance for Resources Recycling Industry (CIAR).Effective from the end of 2018, t...Read More
Canada's RNC Minerals (TSX: RNX) said Thursday it might sell all or part of its Beta Hunt gold and nickel mine in Western Australia to focus instead on its Dumont cobalt and nickel project in Quebec, the world's largest undeveloped reserve of both metals.The Toronto-based miner, which acquire Beta Hunt in 2016, said while it has grew the scale of the operation ever since, such asset is now cons...Read More
LIMA (Reuters) - Peru’s opposition-run Congress accepted Pedro Pablo Kuczynski’s resignation as president on Friday, paving the way for First Vice President Martin Vizcarra to be sworn in as the new leader of the South American nation.Vizcarra, who is also Peru’s ambassador to Canada, called for “faith and optimism” upon arriving Lima’s airport before his midday...Read More
South America-focused Metminco announced a trading halt earlier this week saying the initial terms for the planned $5.1 million raising had been revised. The seven-for-two rights issue at $0.01 per share, plus an additional $190,000 share placement, was part of a plan to "refinance, restructure and relaunch" the company. The company has now emerged from that halt saying it will ra...Read More