While demand for electric vehicles (EVs) continues to soar, investment in companies mining for the so-called battery metals is lagging far behind, which may trigger an upcoming global shortage of those minerals, a Tesla executive has warned.The EVs manufacturer pioneer, Reuters reports, has also said it believed that prices for key elements in the making of rechargeable batteries, including cobal...Read More

While demand for electric vehicles (EVs) continues to soar, investment in companies mining for the so-called battery metals is lagging far behind, which may trigger an upcoming global shortage of those minerals, a Tesla executive has warned.The EVs manufacturer pioneer, Reuters reports, has also said it believed that prices for key elements in the making of rechargeable batteries, including cobal...Read More

Canada's Hudbay Minerals' (TSX, NYSE: HBM) has settled a long-dragged out boardroom battle with its second-largest investor, Waterton Global Resource Management, which had been pushing for replacing the miner's chief executive officer and overhaul the board.The announcement comes two weeks after Waterton, which holds about 12% of Hudbay, filed a lawsuit against the base metals producer, in a bid...Read More

Canada's Hudbay Minerals' (TSX, NYSE: HBM) has settled a long-dragged out boardroom battle with its second-largest investor, Waterton Global Resource Management, which had been pushing for replacing the miner's chief executive officer and overhaul the board.The announcement comes two weeks after Waterton, which holds about 12% of Hudbay, filed a lawsuit against the base metals producer, in a bid...Read More

Canada's Hudbay Minerals' (TSX, NYSE: HBM) has settled a long-dragged out boardroom battle with its second-largest investor, Waterton Global Resource Management, which had been pushing for replacing the miner's chief executive officer and overhaul the board.The announcement comes two weeks after Waterton, which holds about 12% of Hudbay, filed a lawsuit against the base metals producer, in a bid...Read More

Newmont Goldcorp Corp said on Tuesday it had suspended payments and social progr...Read full newsRead More

Investing.com - Gold prices traded near flat on Friday in Asia as traders remained cautious after the U.S. Federal Reserve's decision to keep interest rate decision unchanged.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, was largely unchanged at $1,272.85 per ounce.The yellow metal recorded its biggest one-day percentage decline in more than two...Read More

"$CTSH - Cognizant Technology Solutions Corporation (CTSH) CEO Brian Humphries on Q1 2019 Results - Earnings Call Transcript https://t.co/GMONK8MO1q"Read full newsRead More

Copper continued its sell-off on the London Metal Exchange on Thursday May 2, with the absence of Asian markets a key factor in the downturn while strength in the US dollar caps commodity investment. Volumes were moderately high, with more than 20,000 lots of copper changing hands by the close, indicating strong selling momentum. Open interest has fallen by 3,824 positions overnight, dipping below...Read More

Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended lower Thursday as investors continued to react to a statement from the Federal Reserve that suggested U.S. interest rates likely will remain unchanged for the better part of the year.  Shares of Dow Inc. ( DOW fell after the company reported a sharp decline in first-quarter profit. Plant-based meat maker Beyond Meat...Read More

Zinc bears are betting that the London Metal Exchange zinc price will fall to $2,500 per tonne in June, with massive orders for put options placed in recent weeks, Fastmarkets learned.Current open interest on the LME Select platform shows 5,125 lots of put options are active for the June declaration at a $2,500-per-tonne strike price, representing an equivalent of 128,125 tonnes of the metal. Opti...Read More

Comex copper prices sank further in morning trading on Thursday May 2 in the United States after a 3% selloff yesterday fueled by increased warehousing inflows, weak global data and a stronger dollar. The copper price for July settlement on the Comex division of the New York Mercantile Exchange fell 2.15 cents to $2.7810 per lb. "In line with our expectations, copper has come under downward p...Read More

Zinc bears are betting that the London Metal Exchange zinc price will fall to $2,500 per tonne in June, with massive orders for put options placed in recent weeks, Fastmarkets learned.Current open interest on the LME Select platform shows 5,125 lots of put options are active for the June declaration at a $2,500-per-tonne strike price, representing an equivalent of 128,125 tonnes of the metal. Opti...Read More

The Turkish deep-sea scrap import market remained quiet on Thursday May 2, with participants expecting lower prices following the sale of a cheaper billet cargo to Saudi Arabia, sources have told Fastmarkets.A steel mill in northern Turkey sold 40,000 tonnes of billet to Saudi Arabia at $425 per tonne fob, equivalent to $452 per tonne cfr, multiple sources reported on Thursday.Following news of th...Read More

Fastmarkets topped the base metals leaderboard in the Apex first-quarter 2019 contest, with an accuracy rating of 98.41%, while Edward Meir of INTL FCStone was top of the precious metals table with 97.45% accuracy.For steel raw materials, Casper Burgering from ABN Amro topped the leaderboard, with 91.16% accuracy.Click on the image below to download the full report.Second in the base metals leader...Read More

The Thursday Market Minute Global stocks slip lower Thursday, as investors react to both the Federal Reserve's rate stance and market closures throughout the Asia region.Fed Chair Powell sees "no strong case" for moving rates in either direction, but comments tied to inflation prospects cast a hawkish tone over an otherwise neutral policy decision.European stocks drift lower amid another active...Read More

Australian conglomerate Wesfarmers bid $546 million on Thursday May 2 to acquire junior lithium spodumene producer Kidman Resources.Fellow Australian company Kidman is developing the Mount Holland asset in Western Australia to produce lithium spodumene concentrate in a 50:50 joint venture with Chilean lithium producer SQM. They are looking to build a lithium hydroxide plant with capacity for 45,50...Read More

Domestic prices for hot-rolled coil (HRC) moved downward in the south of Europe over the week to Thursday May 2 due to slow trading, sources have told Fastmarkets.And although domestic prices in Northern Europe have been stable, sentiment remained negative with buying activity still subdued, according to market participants.Southern EuropeIn Southern Europe, domestic prices have moved down and buy...Read More

Prices for reinforcing bar steel in the United States continued to soften on weak demand, sources told Fastmarkets AMM. Fastmarkets AMM's price assessment for domestic rebar is $34.25-35.25 per hundredweight fob mill as of Wednesday May 1, down 0.7% from $34.50-35.50 per cwt two weeks earlier and off 2.1% from $35-36 per cwt at the beginning of the year. At the same time, Fastmarkets' assessment f...Read More

Rebar prices in the domestic market of Egypt picked up in the week ended Thursday May 2 amid higher import billet costs due to the temporary duty imposed on foreign material and lower availability of rebar as a consequence.Egypt imposed temporary import duties on billet and rebar on April 15 at a rate of 25% for rebar imports and 3-15% for billet imports.The safeguard duty on billet is c...Read More