Turkish steel producers started their May bookings with mostly steady prices on Wednesday April 4.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 19,000 tonnes of HMS 1&2 (80:20) at $356 per tonne, 9,000 tonnes of HMS 1&2 (90:10) and 5,000 tonnes of shredded at $361 per tonne, and 5,000...Read More
TSX Venture Symbol: COR OTCQB Symbol: CAMZF Frankfurt Symbol: XC01VANCOUVER , April 4, 2018 /CNW/ - Camino Minerals Corp. ("Camino" or the "Company") (COR:TSX-V) is pleased to announce it has completed and filed on SEDAR an updated NI 43-101 Technical Report ("the Report") for its Los Chapitos project ("Chapitos"), located in southern Peru . The Report was authored by Mr. David Burga , P.Geo. w...Read More
Pivotal Research said NTAP's dividend could be hiked by up to 100%While the rest of the stock market tanks on Chinese tariff concerns, NetApp Inc. (NASDAQ:NTAP) stock is up 0.6%to trade at $61.02, thanks to an upgrade to "buy" from "hold" at Pivotal Research. The analyst in coverage cited higher growth expectations for the data storage firm, and expects management to announce at least a $2.5 bill...Read More
Australia's mining towns are getting crushed. Not even Sydney is immune.Continue...Read More
Researchers at Duke University used silver-coated copper nanowires and silicon rubber to create a new conductive "felt" that can be easily patterned onto fabrics to create flexible wires. The felt carries electricity even when bent, stretched and twisted over and over again. This means that it could be used to embed electronics such as fitness trackers and health monitors into shirts, hats, and sh...Read More
WASHINGTON (Reuters) - The Trump administration on Tuesday raised the stakes in a growing trade showdown with China, targeting 25 percent tariffs on some 1,300 industrial technology, transport and medical products to try to force changes in Beijing’s intellectual property practices.The U.S. tariff unveiling, representing about $50 billion of estimated 2018 imports and aimed at dealing a setb...Read More
- Civil rights leader Martin Luther King Jr. assassinated 50 years ago today- An anti-war campaigner, protesting against the damage inflicted by military operations- King was almost prophetic in his vision that wars would drive a bigger wedge between rich and poor- Foresaw the damage that would come to US in terms of costs to society and the economy- Fifty years on Western nations can learn from...Read More
Barclays downgraded the stock to "underweight" from "equal weight"Shares of PTC Therapeutics, Inc. (NASDAQ:PTCT) are trading lower this morning after Barclays downgraded the stock to "underweight" from "equal weight" while simultaneously raising its price target to $26 from $24. An analyst from the firm said the company's growth potential is already priced into the share price. PTCT was last seen...Read More
The seaborne iron ore market softened further on Wednesday April 4 amid falling steel prices in China, with premiums for index-linked cargoes of Pilbara Blend fines remaining subdued. Metal Bulletin 62% Fe Iron Ore Index: $63.57 per tonne cfr Qingdao, down by $0.19 per tonneMetal Bulletin 58% Fe Premium Index: $51.79 per tonne cfr Qingdao, down by $0.30 per tonneMetal Bulletin 65% Fe Iron Ore Inde...Read More
Investors no longer believe that President Donald Trump's proposed tariffs will be detrimental to markets, this according to Peter Hug, Director of Global Trading at Kitco Metals."The market has basically reversed about 50% of the gains [in gold] since that announcement on the Chinese tariffs, [investors] believe that Trump's bark is worse than his bite, and they don't think it's as serious," Hug...Read More
Altamira Gold (TSXV: ALTA) has joined what some are calling a "staking rush" in Brazil's Juruena Belt, located in the western Mato Grosso state.By adding 52,378 hectares and increasing the company's land positioning to over 200,000 hectares in the area, Altamira mimics the strategies advanced by Anglo American (LON: AAL) and Nexa Resources, who acquired over 3 million hectares of claims back in Se...Read More
SMM offices will be closed from Thursday April 5 to Friday April 6 for the Qingming Festival holiday. There will be no news publication during this period. For queries, please contact Daisy Tseng at daisy@smm.cn Read More
BA shares are hovering near the 100-day moving averageBoeing Co (NYSE:BA) stock had already been lagging in recent weeks based on a belief that a trade war with China would be a significant blow to the aerospace giant. These fears seem warranted now, after Beijing just announced new tariffs on dozens of U.S. products, including aircraft. Shares of the Dow component are trading down 4.6% at $315.52...Read More
Results from the newly named Youle vein included 0.58m at 272.1g/t gold and 13.3% antimony; 3.5m at 14.7g/t gold and 10.9% antimony; 0.37m at 120.9g/t gold and 11.1% antimony; 0.57m at 59.8g/t gold and 3.2% antimony; 0.18m at 16.2g/t gold and 55.8% antimony; and 0.15m at 76.4g/t gold and 33.3% antimony.Read More
China's ferrous futures apart from iron ore rose during the morning trading session on Wednesday April 4 amid a proposal to increase import duties on Chinese steel products by the United States.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,367 ($535) per tonne, up 23 yuan per tonne May hot-rolled coil: 3,737 yuan per tonne, up 39 yuan per tonne Dalian Commodit...Read More
Investing.com - Gold prices headed higher on Wednesday as the latest tit-for-tat in trade tensions between the U.S. and China caused flight to the safe haven precious medal.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were last up by $7.20, or around 0.5%, to $1,344.50 a troy ounce at 10:38AM ET (14:38GMT).China's commerce ministry announced Wednesday re...Read More
JOHANNESBURG, April 4 (Reuters) - The South African High Court ruled in favour of the once empowered, always empowered principle on Wednesday which entitles a company to keep its black empowerment status even if a black partner exits its stake in the mining firm.Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8 percent of the countr...Read More
As the threat of a trade war with China cast a shadow over Wall Street early Wednesday, April 4, the price of gold, which is considered a safe-haven asset, jumped. In morning trading Wednesday, gold futures for June delivery gained 0.72% to $1,346.90 per troy ounce. At the same time, the SPDR Gold Shares ETF (GLD) rose 0.77% to $127.27. The spike in gold prices Wednesday morning came in co...Read More
Chinese tariffs have BA stock down almost 5% ahead of the bellFutures on the Dow Jones Industrial Average (DJI) are trading more than 480 points below fair value, as fears of a potential trade war with China ramp up after Beijing announced new tariffs on U.S. imports in response to Washington's threats of fresh duties on Chinese products. Included on China's list is a new levy for aircrafts, which...Read More
SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More