An Australian nickel miner, a London-listed precious metals producer and a copper-focused Canadian were key market risers over the past 24 hours.Staff reporterNickel miner Western Areas among the risers27 MARCH 201827/03/2018commentsshareThe gains came as North American markets closed higher yesterday as trade war fears eased, but London's FTSE100 had closed slightly lower as tensions between Russ...Read More
NEW YORK (Reuters) - Bullion investors, miners and makers of coins will help drive the fifth straight annual increase in total global gold investment in 2018, CPM Group said in its Gold Yearbook 2018 on Tuesday, citing geopolitical tensions and fears that the bubbling U.S. economic expansion will end in a 2019 recession.“The changing global monetary policy landscape coupled with long in the...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
Tom MilesGENEVA (Reuters) - There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast on Wednesday.U.S. President Donald Trump has launched a series of tariff-raising moves, upsetting allies and rivals alike.Trump is also vetoing th...Read More
CloseGain/LossGold $1344.30-$8.60Silver$16.51-$0.18XAU81.25-1.52%HUI176.28-1.50%GDM617.49-1.30%JSE Gold1118.05-11.81USD89.39+0.34Euro124.04-0.50Yen95.00UNCHOil$65.25-$0.3010-Year2.781%-0.065T-Bond145.75+1.03125Dow23857.71-1.43%Nasdaq7008.81-2.93%S&P2612.62-1.73% The Metals: Gold fell $13.70 to $1340.20 in midmorning New York trade before it bounced back higher into the close, but it still...Read More
Josh Smith, Soyoung KimSEOUL (Reuters) - State media calls North Korea’s nuclear weapons a “treasured sword of justice”.Pyongyang has released commemorative stamps and built monuments in honor of its ballistic missile tests, while nuclear and rocket scientists have been named national heroes.For Kim Jong Un, fully giving up nuclear weapons would mean a dramatic reversal for an au...Read More
The proposal by Philippine politicians to ban the export of unprocessed mineral ores to boost domestic processing has yet to make further progress, Patricia Bunye, senior partner at law firm Cruz Marcelo & Tenefrancia in the Philippines, said. "It's not catching fire as the industry knows the limitations of infrastructure in the country," Bunye told Metal Bulletin on the sidelines of the Mining In...Read More
BonTerra Resources (BTR.V) is in the middle of its 70,000 meter drill program at the Gladiator deposit and five drill rigs are currently active on the project site. These five rigs will be focusing on drilling the Gladiator deposit out with a 50 meter hole spacing for a total program size of 25,000 meters, whilst BonTerra is also working on a 5,000 meter regional exploration program to define new...Read More
The recent heightened threat of potential strikes at copper mines in Chile has started to fade, as Antofagasta (LN:ANTO) reportedly reached an agreement with workers at Los Pelambres, avoiding a walkout.Industrial action has reportedly been avoided at Antofagasta's Los Pelambres copper mine27 MARCH 201827/03/2018commentsshare In addition to this, a labour dispute at First Quantum Minerals' (CN...Read More
BEIJING (Reuters) - China’s economic activity remained strong in the first quarter, with hiring close to a record high, but the outlook is cloudy as two key growth engines - property and commodities - show signs of cooling, a private survey showed on Wednesday.While first-quarter revenue looked strong, every sector except manufacturing saw profit growth weaken from late 2017, while investmen...Read More
After the spread between high and lower-grade ores failed to narrow as expected, Fortescue Metals Group (AU:FMG) has lowered its full-year iron ore price realisation guidance.Kristie BattenFortescue thinks the spread between high- and low-grade ores will eventually narrow27 MARCH 201827/03/2018commentsshare Despite a first-half price realisation of 68% of the S&P Global Platts 62 CFR index (in...Read More
Exploration activities at Nevsun's Timok copper-gold project in Serbia. Source: Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX, NYSE AMERICAN] on Tuesday March 27 announced impressive new assay results from the recently completed $20 million exploration drilling program on the Lower Zone at the Timok copper-gold project in Serbia.Highlights include 1.00% copper and 0.20 g/t gold (1.14% copper...Read More
Here Are 3 Hot Things to Know About Stocks At the Close The Dow Jones Industrial Average fell back into correction territory after losing 345 points Tuesday. The Dow was up nearly 245 points at its high point Tuesday. The Nasdaq led the way lower, falling nearly 3%, or 212 points, on the day. The Dow is on pace for its worst month of trading since January 2016. ...Read More
Diamond drilling at Transition's Sunday Lake platinum group metals project, northwest Ontario. Source: Transition Metals Corp.Transition Metals Corp. [XTM-TSXV, TNTMF-OTC] said Tuesday March 27 that it has received the first set of assay results from the continuing drill program conducted by North American Palladium Ltd. [PDL-TSX, PALDF-OTC] on the Sunday Lake platinum-palladium project.Sunday Lak...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,216.18, down 82.38 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $3.79 on 6.8 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 37 cents, or 3.74 per cent, to $9.53 on 6.5 million shares.Balmoral Resources Ltd. (TSX:BAR). Miner. Down 18.5 cen...Read More
The developed world has lived with unnaturally-low interest rates for so long that it's become hard to imagine what life in a normal financial system would be like. But as rates finally start to rise, some of the necessary lifestyle adjustments are emerging. A big one is the fact that the days of refinancing one's house every few years to extract free cash or lower the monthly mortgage payment are...Read More
Metal Bulletin and sister publication American Metal Market will follow its published pricing calendar for its base metals and minors, ores and alloys prices over the coming Easter Break. You can find the complete pricing calendar here. Base metals price assessments In summary, all our base metals price assessments and indices follow the holiday calendar adopted by the London Metal Exchange, which...Read More
GE surges on speculation Buffett could buy a stake in companyU.S. fades after European shares rise the most in six weeksBlackRock Global Chief Investment Strategist Richard Turnill discusses recent market volatility.A selloff in technology shares sent U.S. equity benchmarks lower, with losses accelerating late in the day. Bonds surged on demand for safe havens, pushing the yield on 10-year Treasur...Read More