Despite increased demand for nickel, low profitability owing to the combination of persistently low prices and higher costs may result in project closures over the next five years, according to research and consulting firm GlobalData.The company's latest report states that operating nickel mines scheduled for closure during the forecast period include the Savannah and Mount Keith mines in Australi...Read More
* Inflation trades reverse: Treasury yields fall* Stocks fall on Wall Street weighed by consumer, banks* Crude volatile ahead of OPEC meeting (Updates prices)By Rodrigo CamposNEW YORK, Nov 28 (Reuters) - Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the U.S. dollar recovered from earlier losses but was still slig...Read More
Investing.com - Gold prices rose more than 1% on Monday, rebounding from nine-and-a-half month lows as the dollar reversed some of its post U.S. election gains after surging to almost 14-year highs last week.Gold for December delivery was trading at $1,192.5 a troy ounce by 0934 GMT, after earlier rising as high as $1,197.00.The precious metal touched a low of $1,171.21 per ounce on Friday, a leve...Read More
(Adds company news item, updates futures)Nov 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 5 points at 6,836 on Monday, according to financial bookmakers, with futures FFIc1 down 0.25 percent ahead of the cash market open.* The UK blue chip index closed 0.2 percent higher on Friday at 6,840.75, making its third straight week of gains as weakness in banking and mining stocks wa...Read More
Nov 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 5 points at 6,836 on Monday, according to financial bookmakers.* The UK blue chip index closed 0.2 percent higher on Friday at 6,840.75, making its third straight week of gains as weakness in banking and mining stocks was offset by strength in pharma shares. BP: BP BP.L has agreed to buy 10 percent of Eni's ENI.MI Shorouk con...Read More
No, Russian Agents Are Not Behind Every Piece of Fake News You See ... Making everyone who shares fake news part of a Russian conspiracy is not helpful. One of the themes that has emerged during the controversy over "fake news" and its role in the election of Donald Trump is the idea that Russian agents of various kinds helped hack the process by fueling this barrage of false news. But is that r...Read More
No, Russian Agents Are Not Behind Every Piece of Fake News You See ... Making everyone who shares fake news part of a Russian conspiracy is not helpful. One of the themes that has emerged during the controversy over "fake news" and its role in the election of Donald Trump is the idea that Russian agents of various kinds helped hack the process by fueling this barrage of false news. But is that r...Read More
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While precious metals (with the exception of palladium) have suffered a deep sell-off since the surprise outcome of the US presidential elections, the rally in industrial metals seems only to be gaining momentum.The copper price added 7.7% last week, while nickel rose more than 6% and tin continued its good run. Both zinc and lead enjoyed double digit gains with the former reaching a near nine-y...Read More
It appears the Turkish government is attempting to suppress criticism of a mine disaster last weekend that killed 12 miners and left four still missing.The Guardian reports that Turkish authorities detained a journalist working for the BBC's Turkish-language service in southeastern Turkey. The female reporter was apparently attempting to speak with relatives of the miners who died at the mine. No...Read More
Investing.com - Gold prices closed at the lowest level in nine months on Friday as expectations for higher U.S. interest rates continued to cloud the demand outlook for the precious metal.Gold for December delivery settled down 0.53% at $1,183.00 on the Comex division of the New York Mercantile Exchange, the lowest close since February 5.Safe haven demand for gold has been hit since the U.S. presi...Read More
Rugby big hit , of a manRead More
Don’t Entrust Economics to the Experts ... Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, “The Econocracy,” written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. – BloombergAustrian economi...Read More
Don’t Entrust Economics to the Experts ... Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, “The Econocracy,” written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. – BloombergAustrian economi...Read More
Legalized Marijuana Could Drive A New Tech Boom … The revolution to legalize marijuana is marching slowly-but steadily-forward. Half of the states in the United States plus the District of Columbia have legalized marijuana or cannabis for medical use, and more states are legalizing recreational use with each election cycle. – ForbesThis Forbes article reminds us of how much progress ma...Read More
By Melanie BurtonMELBOURNE, Nov 25 (Reuters) - A plan by Zambia to put a duty on copper concentrates imports could put a kink in the global supply chain for the metal, industry sources said, by forcing neighbouring Democratic Republic of Congo (DRC) to send surplus mine output elsewhere.The 7.5 percent duty announced earlier this month and due to come into force at the start of 2017, is likely to...Read More