Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come.The discharge of what are called tailings, the leftovers of mineral extraction, is perfectly legal under Freeport's current contract with the government. But recently, after...Read More
Every year, Freeport-McMoRan Inc. dumps tens of millions of tons of mining waste into the Ajkwa River system in Indonesia. The company has been doing it for decades, and is demanding the right to keep at it for decades to come.The discharge of what are called tailings, the leftovers of mineral extraction, is perfectly legal under Freeport's current contract with the government. But recently, after...Read More
The growing adoption of electric vehicles (EVs) is expected to cost Germany's key auto industry about 75,000 jobs by 2030, a study released Tuesday shows, with parts suppliers set to suffer the most.The adoption of EVs will lessen the importance of petrol- and diesel-fuelled cars, an industry where German carmakers have built a reputation for decades and which currently employs about 840,000 peop...Read More
You can't suck and blow at the same time.Higher inflation has historically meant higher gold prices.The Canadian Imperial Bank of Commerce says major gold firms to generate strong free cash flow and ROIC.Go gold! Royalty/streaming companies deliver the profits. Ready for inflation? Just days after Treasury Secretary Steven Mnuchin reassured markets that a trade war between the U.S. and China was "...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose for a second straight session after finishing last week down 0.48%.The Nasdaq on Monday finished at 7,606.46, surpassing its previous all-time closing high of 7,588 set on March 12.Microsoft Corp. (MSFT) jumped 0.87% after the company agreed to buy software development platform GitHub for $7.5...Read More
July is typically the toughest month for the sector.Over the last two years, the sector hasn't stayed true to seasonal patterns for the early to mid summer time frame.Complicating matters - in terms of determining whether gold can breakout during the next few months - is the next Fed meeting is June 12-13.In the very short term (i.e., the next week or two) gold could come under more pressure,...Read More
The latest news and price moves to start the Asian day on Tuesday June 5.Base metals on the London Metal Exchange ended trading mostly higher on Monday June 4, with tin the only metal to trade negatively amid strong performances in three-month copper, lead and nickel prices. Read more in our live futures report. Here are how prices looked at the close of trading:A global solution is needed&nb...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
It said the drilling had identified copper sulphide-rich mineral deposits, and the new hydrothermal breccias which contained high-grade zinc and remained open at depth.Among the highlights, Sierra intercepted 57m at 1.86g/t silver, 0.54% lead, 0.28% copper and 9.53% zinc, from 92.2m, outside the Yauricocha Fault contact zone.The company has drilled four holes to date from the 1070 level in the Con...Read More
SHANGHAI, Jun 5 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.Both LME and SHFE metals rose across the board overnight except for tin. SHFE tin dropped close to 1% and LME tin dipped. LME lead rose over 1%, and SHFE lead gained o...Read More
(Adds company news and futures)June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 22 points higher at 7,723 on Monday, according to financial bookmakers, with futures FFIc1 up 0.35 percent ahead of the cash market open.* Virgin Money/CYBG: The acquisition of British bank Virgin Money VM.L by lender CYBG Woodward Inc WWD.O with net proceeds totalling 673 million euros. EMMERSON: Em...Read More
June 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 22 points higher at 7,723 on Monday, according to financial bookmakers.* ASTRAZENECA: AstraZeneca Plc AZN.L plans to disclose payments to doctors in all countries in which it operates in a move that will pile pressure on its rivals to follow suit, The Times reported. POUNDWORLD: British discount retailer Poundworld is close to a res...Read More
The latest news and price moves to start the Asian day on Tuesday June 5.Base metals on the London Metal Exchange ended trading mostly higher on Monday June 4, with tin the only metal to trade negatively amid strong performances in three-month copper, lead and nickel prices. Read more in our live futures report. Here are how prices looked at the close of trading:A global solution is needed&nb...Read More
Precious metals continue to gyrate wildly because of a mix of positive and negative catalysts. While rising geopolitical tensions and fears of another economic crisis are supporting firmer prices, a stronger U.S. dollar and better than expected global growth are weighing on prices. However, there are signs that gold will remain firm for at least the foreseeable future and could be due for another...Read More
Tokyo Electric Power Company (Tepco) has begun transferring some of the fuel assemblies currently stored in the communal fuel storage pool at the damaged Fukushima Daiichi nuclear power plant in Japan to an on-site temporary dry storage facility. The company aims to clear sufficient space for the fuel assemblies held in unit 3's pool.Tepco plans to transfer a total of 483 used fuel assemblies from...Read More
A uranium trader focused on Kazakhstan is set to make its debut on AIM next month.Yellow Cake Plc is backed by Bacchus Capital, the corporate finance boutique set up in 2016 by a group of senior bankers led by Peter Bacchus.Uranium (U3O8) is structurally mis-priced, it says and Yellow Cake will make its money from stockpiling the radioactive metal, commodity streaming and royalties.Kazakhstan is o...Read More