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GLOBAL MARKETS-Sterling, euro stocks scuttled as Brexit deal slams the rocks

November 15, 2018 / www.kitco.com

* Sterling tumbles a cent after Brexit deal hopes crumble* Asia rose overnight on U.S.-China trade hopes * Oil nudges higher for second day after 12-day losingstreak* Dollar gets going after soft start, Wall Street seenedging high * Bunds rally, Italian bond yields dip as budget remains infocus By Marc JonesLONDON, Nov 15 (Reuters) - Sterling tumbled and the rest ofEurope's share markets groaned o...Read More

Find out how #disruption could change the #mininginvestment landscape in part 1 of our #miningdisrupted series:...

November 15, 2018 / twitter.com

"Find out how #disruption could change the #mininginvestment landscape in part 1 of our #miningdisrupted series: https://t.co/UwTZQtEkOM #FutureOfMining https://t.co/mDPlfbhKp8"Read full newsRead More

Gold: Flat lined in Asia after a strong bounce from key trendline support

November 15, 2018 / www.fxstreet.com

Gold is rolling sideways around $1,210, having rallied off the key rising trendline support yesterday. The metal could rise well above the immediate resistance of $1,212 if the US retail sales miss estimates by a big margin. Gold's sharp recovery from the recent low of $1,196 has neutralized the immediate bearish outlook. Notably, the strong rebound from the trendline connecting the Aug.16 a...Read More

Antofagasta approves $1.3B expansion of Los Pelambres mine

November 15, 2018 / www.mining.com

Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More

Antofagasta approves $1.3B expansion of Los Pelambres mine

November 15, 2018 / www.mining.com

Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More

Antofagasta approves $1.3B expansion of Los Pelambres mine

November 15, 2018 / www.mining.com

Shares in Chilean miner Antofagasta Plc. (LON:ANTO) got a boost Thursday after the company announced the board of directors had approved a $1.3 billion expansion of its Los Pelambres copper mine in Chile.The awaited upgrade of Los Pelambres will add 60,000 tonnes of copper a year to the company's overall production once in full operation. Annual production is expected to increase from 40,000 tonn...Read More

Dow Drops Triple Digits for Fourth Day, Led By Apple, Travelers, Banks - TheStreet

November 15, 2018 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled on Wednesday, the fourth straight day of triple-digit losses for the blue-chip index. Apple Inc. (AAPL)  and Goldman Sachs Group Inc. (GS) were the Dow's leading laggards.Macy's Inc. (M)  fell 7% even after the retailer posted stronger-than-expected third-quarter earnings and raised...Read More

MJP aluminium stocks down 1% in October vs September, Marubeni says

November 15, 2018 / www.metalbulletin.com

Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama slipped 1% month on month in October, according to the latest data from major Japanese trading house Marubeni Corp. The data, which was published on Wednesday November 14, also shows that total aluminium stocks at the three ports came to 317,300 tonnes at the end of last month.  On a y...Read More

GLOBAL NICKEL WRAP: Nickel premiums flat worldwide

November 15, 2018 / www.metalbulletin.com

Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants' absence from the market. An open but unstable import window kept premiums in Shanghai flat Subdued activity in the US nickel market maintains premiums European nickel market quiet with long-term in focusShanghai nickel premiums uncha...Read More

LIVE FUTURES REPORT 14/11: Most LME base metals prices appreciate amid crude oil rebound

November 15, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the dollar index.Following a decline in the oil price this morning due to increasing concerns over a global slowdown economic growth, it bounced 1.47% over the course of the...Read More

INTL FERRO-ALLOYS CONF: Low rail capacity will haunt South African manganese ore sector, Gantsho says

November 15, 2018 / www.metalbulletin.com

South African miners will continue to need road transportation to get their material to port, according to Thembalani Gantsho, joint chief executive officer of Kudumane Manganese Resources.Road freight will be needed to meet the shortfall in capacity offered by the country's rail freight company, Transnet, Gantsho told delegates to Fastmarkets International Ferroalloys Conference in Lisbon, held N...Read More

INTL FERRO-ALLOYS CONF: Ferroglobe cuts manganese alloy production amid margin squeeze

November 15, 2018 / www.metalbulletin.com

Manganese alloy smelters are under pressure to scale back production due to the smaller margins achieved on suppressed alloy prices, Ferroglobe chief executive officer Pedro Larrea said during Fastmarkets' International Ferro-alloys Conference in Lisbon.Ferroglobe has cut some production at its manganese alloy furnaces, because the company has faced difficulties in generating profits due to the st...Read More

INTL FERRO-ALLOYS CONF: Ferroglobe cuts manganese alloy production amid margin squeeze

November 15, 2018 / www.metalbulletin.com

Manganese alloy smelters are under pressure to scale back production due to the smaller margins achieved on suppressed alloy prices, Ferroglobe chief executive officer Pedro Larrea said during Fastmarkets' International Ferro-alloys Conference in Lisbon.Ferroglobe has cut some production at its manganese alloy furnaces, because the company has faced difficulties in generating profits due to the st...Read More

FOCUS: First deals point to drop in 2019 European zinc premiums but Nyrstar's troubles cast uncertainty

November 15, 2018 / www.metalbulletin.com

The first deals for special high-grade zinc supply in 2019 in Europe point to a decline in annual zinc premiums compared with this year's levels, but Nyrstar's financial troubles are complicating negotiations and raising concerns that supply may turn out to be tighter than anticipated."Not much has been done yet, but [the premium] seems to be lower than last year by at least $10-15 per t...Read More

INTL FERRO-ALLOYS CONF: Manganese ore price fall more likely than silico-manganese rally

November 15, 2018 / www.metalbulletin.com

Manganese ore prices are overheated compared with production costs and manganese alloy prices, making them prone to a decline next year, panelists said at Fastmarkets' 34th International Ferro-alloys conference in Lisbon this week. Manganese ore prices have trended higher since May this year. Fastmarkets MB's 44% manganese ore index was last calculated at $7.13 per dry metric tonne unit dmtu,...Read More

MINOR METALS REPORT 14/11: Manganese flake price falls 2.1%; indium slightly firmer

November 15, 2018 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for any price moves.Read More

DAILY SCRAP REPORT: Weak rebar prices, increasing scrap supply keep mills out of market

November 15, 2018 / www.metalbulletin.com

The Turkish steel mills continued their silence in the deep-sea scrap markets for another day on Wednesday November 14, because of a softening rebar market and increasing scrap supply in Europe, Fastmarkets was told.After booking two cargoes from the United States late last week, Turkish mills paused their purchases. Meanwhile, rebar prices have shown a downturn with news of recent sales at $506-5...Read More

US Stocks Defy Global Pullback as Oil Rebounds on OPEC Intervention Hint - TheStreet

November 15, 2018 / www.thestreet.com

The Wednesday Market Minute Global stocks retreat as of the world's biggest economies shrink in the wake of world trade disputes and oil prices extend their longest losing streak on record.Brent oil has fallen more than 25% since its early October peak, and four-year high, as ramping U.S. production and waivers allowing for the sale of Iranian crude have hammered global prices.Japan and Ger...Read More

ASIA COPPER WEEK 2018: Copper execs see limited impact to copper inflows from Chinese scrap restrictions

November 15, 2018 / www.metalbulletin.com

A series of Chinese policies aimed at restricting imports of copper scrap is not expected to significantly alter the supply/demand balance in the world's largest copper consuming country, industry executives said during a panel discussion at Asia Copper Week in Shanghai. "Despite the restriction of category-7 copper scrap imports this year, we have seen limited impact on the industry this year," Q...Read More

Vietnam buys some 30,000 tonnes of Japanese H2 scrap

November 15, 2018 / www.metalbulletin.com

Vietnam, a major consumer of scrap in Asia, has purchased at least 30,000 tonnes of Japanese H2 materials this week.Deals involving at least two bulk shipments bound for southern Vietnam were heard concluded around $329-330 per tonne cfr Vietnam.This suggests that fob Japan prices have fallen further from last week's level of ?34,700-35,000 ($305-307) per tonne after a tender held by the Kanto Te...Read More

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