Despite an increased appetite in copper assets, the rate of new discoveries continues to be low, especially in top world's producer Chile, where the bulk of exploration is in the hands of major miners, the head of the Chilean Mining Society (Sonami) said Monday.Speaking on the sidelines the 17th World's Copper Conference being held this week in Santiago, Chile, Diego Hern??ndez, President of Sonam...Read More
* Stocks edge up but geopolitical risks in play* Rouble and Russian stocks sink on sanctions* US dollar weakens, oil rises* GRAPHIC-World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Updates prices, changes comment)By Rodrigo CamposNEW YORK, April 9 (Reuters) - Stocks across the globe rose on Monday, helping lift oil prices, but shares on Wall Street ended far from their highs after the FBI raided t...Read More
Chinese leaders are weighing options as trade tensions continue to build, including devaluing the yuan.Continue...Read More
Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More
By James Marson and Scott Patterson MOSCOW -- Shares in United Co. Rusal, one of the world's largest aluminum producers, lost half their value Monday, as the effect of U.S. sanctions on Russian companies and the tycoons that own them rippled across markets around the world. Investors sold off Rusal shares in Hong Kong amid uncertainty over how the sanctions may affect the company's ability to tr...Read More
During a ceremony held on Monday to mark Iran's National Day of Nuclear Technology, President Hassan Rouhani issued an order to transfer yellowcake produced in the Ardakan factory, located in the central province of Yazd, to a uranium conversion facility in Isfahan.According to the Tehran Times, the uranium from which the yellowcake was derived was originally extracted from the Saghand mine, also...Read More
NEW YORK (Reuters) - U.S. inflation expectations remained largely flat in March, holding the gains of the last several months, according to a Federal Reserve Bank of New York survey published on Monday.The survey of consumer expectations, which the Fed considers along with other data on U.S. price pressures, showed median one-year ahead expectations edged lower to 2.75 percent, from 2.83 percent i...Read More
The seaborne iron ore market was largely unchanged on Monday April 9 amid stable billet prices over an extended weekend in China. Metal Bulletin 62% Fe Iron Ore Index: $63.95 per tonne cfr Qingdao, up by $0.38 per tonneMetal Bulletin 58% Fe Premium Index: $52.21 per tonne cfr Qingdao, up by $0.42 per tonneMetal Bulletin 65% Fe Iron Ore Index: $81.70 per tonne cfr Qingdao, up by $1 p...Read More
Highlights from the latest infill and expansion drilling at the Lynx deposit include 2.7m at 403g/t gold (uncut) from 720m and 2.2m at 151g/t from 934.5m.The database was closed in March for the resource calculation but president and CEO John Burzynski said the ongoing results added to the upside potential as the company headed towards a feasibility study in early 2019."The Lynx corridor was disco...Read More
SummaryGovernments of mining countries are vulnerable to investors using double tax agreements (DTAs) as a means of avoiding paying taxes. DTAs are bilateral, or multilateral agreements between countries that set out which country has the right to collect tax on different types of income. Interest expense on foreign loans is one such source of income. The DTA will specify how much tax the source c...Read More
"It can't catch a bid." When I used to go into an office, I would hear this all the time. My coworkers, who are analysts Continue...Read More
When an entity needs to borrow ever-greater amounts of money to survive, the markets - that is, the people who are being asked to lend the money - eventually rebel. This rebellion takes the form of rising interest rates as lenders demand a higher return to compensate for the extra risk, and falling credit scores as rating agencies are forced by the markets to face reality.Then one of two things...Read More
The construction concern has retreated to two historically bullish trendlinesAfter a strong start to 2018, shares of Caterpillar Inc. (NYSE:CAT) quickly retreated from their Jan. 16 record high of $173.24 amid the broader stock market correction. The construction stock plunged 5% in February, and an additional 4.7% in March -- the latter drop sparked by rising fears of a U.S.-China trade war. CAT...Read More
* Rouble and Russian stocks sink on sanctions* Dollar steadies, major currencies hold tight ranges* Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh (Updates prices, changes dateline from previous LONDON)By Rodrigo CamposNEW YORK, April 9 (Reuters) - Wall Street led global stocks higher on Monday as the beaten down tech sector rallied, also lifting oil prices, while investors kept an eye o...Read More
By James Marson and Scott Paterson MOSCOW -- Shares in United Co. Rusal, one of the world's largest aluminum producers, lost half their value Monday, as the effect of U.S. sanctions on Russian companies and the tycoons that own them rippled across markets around the world. Investors sold off Rusal shares in Hong Kong amid uncertainty over how the sanctions may affect the company's ability to tra...Read More
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds...Read More
WASHINGTON (Reuters) - White House economic adviser Larry Kudlow said on Monday progress was being made on efforts renegotiate the North American Free Trade Agreement but that he had no specific details on the talks.“Progress is being made on renegotiating and recalibrating NAFTA ... good progress,” Kudlow told CNBC in an interview, adding that there should be “much greater curre...Read More
(Bloomberg) - Anglo American Plc is looking past global trade tensions and local political upheaval as it moves toward a multibillion-dollar decision on building the world's next major copper mine, in Peru.The London-based company is on track to present the Quellaveco project to its board around midyear and is the final stretch of bringing in a partner to shoulder some of the cost, Hennie Faul,...Read More