Things are starting to escalate and spread...Read full newsRead More
Fitch Solutions Macro Research has just published its outlook for global zinc production. Globally, mined zinc production continues to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and key new mines come online, according to the report. Fitch forecasts global mined zinc production to increase by 3.5% in 2018, to 13.7mnt, and rise to 16.8mnt by 2027...Read More
Fitch Solutions Macro Research has just published its outlook for global zinc production. Globally, mined zinc production continues to ramp up over the coming years as elevated prices encourage miners to restart idled capacity and key new mines come online, according to the report. Fitch forecasts global mined zinc production to increase by 3.5% in 2018, to 13.7mnt, and rise to 16.8mnt by 2027...Read More
"5 Top Weekly TSX Stocks. Last week's top TSX stocks include MEG Energy that was up on a takeover offer, three precious metals miners and another energy producer. See the overview at https://t.co/aR1HrXCR3F #TSX #energy #mining #investing"Read full newsRead More
Shares of Albemarle Corp fell more than 2 % on Monday after a newspaper reported that Chile's nuclear regulator has refused to increase the company's lithium production quota.The report, which has yet to be confirmed by officials, would be a blow to the world's largest lithium producer's aim to increase output of the light metal used to make batteries for electric vehicles.Shares of Charlotte, Nor...Read More
FAANG and tech stocks pulled back todayU.S. stocks traded on both sides of breakeven today, ending the session mixed. The Dow was down triple digits at its session low, amid concerns about bond yields and the People's Bank of China (PBOC) slashing its reserve requirement ratio. However, the Dow reversed higher in afternoon trading, avoiding a three-day losing streak. On the flip side, the S&P ende...Read More
The board of Vale is close to approving a $1 billion expansion of its Salobo copper mine, two people familiar with the matter said, as the world's top iron ore miner seeks to diversify and take advantage of growing international demand for the metal.An email about the upcoming approval was sent internally last week, according to one of the people who was not authorized to discuss the matter publi...Read More
(Reuters) - The U.S. Federal Reserve will not need to raise interest rates much more to keep inflation under control, St. Louis Federal Reserve President James Bullard said on Monday.“I don’t think this is a situation where we need to get a lot higher with the policy rate in order to contain inflation,” Bullard told Bloomberg television, adding that currently rates are at “...Read More
NEW YORK (Reuters) - The euro fell to a seven-week low against the dollar on Monday on a spat between Italy and the European Union over Rome’s budget plans, while the yuan weakened as Beijing’s move to spur more lending failed to ease concern about economic growth.Sterling retreated as traders booked profits on recent gains tied to optimism about a Brexit deal.Nervous investors piled m...Read More
(Reuters) - The U.S. Federal Reserve will not need to raise interest rates much more to keep inflation under control, St. Louis Federal Reserve President James Bullard said on Monday.“I don’t think this is a situation where we need to get a lot higher with the policy rate in order to contain inflation,” Bullard told Bloomberg television, adding that currently rates are at “...Read More
Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil productio...Read full newsRead More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
Oct 8 (Reuters) - Commodities trader Trafigura Group Pte Ltd said on Monday IFM Global Infrastructure will invest in Trafigura's subsidiary Impala Terminals.Trafigura, which also entered into a long-term partnership with Australia-based funds manager IFM Investors, did not disclose the amount invested.The 50-50 joint venture will own and operate a network of terminal infrastructure in Mexico, Peru...Read More
NEW YORK (Reuters) - The S&P 500 was little changed on Monday as concerns mounted about the impact on China’s economy from trade tensions between the United States and China.Beijing announced a steep cut in the level of cash that banks must hold as reserves, aimed at lowering financing costs and spurring growth amid the trade spat between China and the United States. In Monday’s tr...Read More
(Kitco News) - The cost of acquisitions has now fallen below the cost ofexploration for major miners, and gold prices could benefit from a dwindling resourcesupply, this according to a recent report from the Edelson Institute.Sean Brodrick of the Edelson Institute said that if goldprices don’t advance higher from here, many miners are likely to go out ofbusiness.“If companies go out of...Read More
(Kitco News) - The cost of acquisitions has now fallen below the cost of exploration for major miners, and gold prices could benefit from a dwindling resource supply, this according to a recent report from the Edelson Institute.Sean Brodrick of the Edelson Institute said that if gold prices don’t advance higher from here, many miners are likely to go out of business.“If companies go ou...Read More
"5 Top Weekly TSXV Stocks: Gold Juniors Rise to the Top Investing News Network takes a look at how junior miners were faring on the TSXV last week. Here are the top five gainers. https://t.co/njO9gwx9Wr #mining #TSXV #investing"Read full newsRead More
LONDON (Reuters) - The second Russian who Britain says was responsible for the poisoning of former double-agent Sergei Skripal was a military doctor for Russia’s GRU military intelligence unit, investigative website Bellingcat said on Monday.Bellingcat said the real name of the man previously known as Alexander Petrov was Alexander Yevgenyevich Mishkin.“Bellingcat’s identificatio...Read More
Tesla has not been this much more volatile than Nasdaq in almost five years (seven times more volatile) as Elon Musk's recent mocking of the SEC has sparked yet more selling this morning - back near its lowest since April...Read full newsRead More
LONDON (Reuters) - The British pound fell and the dollar rallied on Monday as traders approached with more caution recent statements that the chances of a breakthrough in Brexit negotiations have gone up.European Union negotiators said on Friday an agreement with Britain was “very close” and European Commission President Jean-Claude Juncker said on Saturday a deal would be reached in N...Read More