For best results when printing this announcement, please click on link below: Vancouver, Jan. 31, 2018 (GLOBE NEWSWIRE) -- NGEx Resources Inc. ("NGEx" orthe "Company") (TSX: NGQ; NASDAQ Stockholm: NGQ), reports the followingshare capital and voting rights update in accordance with the SwedishFinancial Instruments Trading Act.As a result of the issuance of 12,500,000 common shares, pursua...Read More
(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More
(Kitco News) - Gold prices ended the U.S. day session modestly higher but off their highs Wednesday. An eroding U.S. dollar index continues to work in favor of the precious metals market bulls. However, the USDX did move well off its daily lows in late trading, which pulled the gold market down from its session highs. April Comex gold futures were last up $2.90 an ounce at $1,343.30. March Comex s...Read More
Editor's Note: The article was updated to reflect a delayed selloff in gold following the FOMC monetary policy decision.(Kitco News) - In a delayed reaction to the Federal Reserve's rate announcement, gold prices fell into negative territory, unable to withstand rising bond yields, as the central bank emphasized that interest rates will be going up in 2018.As expected, the U.S. central bank kept i...Read More
(Kitco News) - Comex silver warehouse stocks have hit their highest level in 23 years, yet industrial demand for the metal remains strong, says Metals Focus.As of a late-Tuesday report, the consultancy said that CME Group Comex silver warehouse stocks stood at around 248 million ounces, their highest since late 1994. They have risen from some 183 million ounces at the start of 2017.“This in...Read More
Mitsubishi looks for gold to find support from two main factors in 2018 -- a favorable environment for real interest rates and a subdued U.S. dollar. “The U.S. Federal Reserve is likely to raise interest rates only slowly and conservatively and be disinclined to get ‘ahead of the curve’ despite the U.S. economy growing at full steam and signs of rising inflation beginning t...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
SHANGHAI, Jan 31 (SMM) - China’s official manufacturing purchasing managers’ index (PMI) for January stood at 51.3 points, marking the 18th consecutive month it has been above the 50-point level that separates expansion from contraction. The reading, however, was lower than December’s manufacturing PMI and market expectation at 51.6 points. For editorial queries, please...Read More
The latest news and price moves to start the Asian day on Wednesday January 31.Base metals prices on the London Metal Exchange closed in negative...Read More
Base metals prices on the London Metal Exchange closed in positive territory across the board on Wednesday January 31, supported by dollar weakness. The three-month nickel price remained the strongest performer of the complex throughout the day, supported from dip-buying. "A combination of surging China imports, tightening supplies and fund interest are expected to sustain prices of stainless stee...Read More
An 8% year-on-year drop in Norilsk Nickel's 2017 full-year nickel output pushed up the nickel full-plate premium cif China in the third quarter of 2017 and encouraged Norilsk to offer a historically high long-contract nickel premium of $300-320 per tonne to Chinese trading firms for 2018. Norilsk's total nickel output in 2017 came to 217,000 tonnes, down from year-ago levels of 236,000 tonnes, mai...Read More
Tin premiums for standard material were stable globally in the week ended Tuesday January 30 but the market is looking hungrier for Indonesian material and keenly awaiting exports to resume as expected in the coming days. 99.9% tin premiums stable in Europe and China but a bit higher in the United States Indonesian export permit renewal process still main focus Low-lead tin premiums a...Read More
Finnish stainless steelmaker Outokumpu expects to encounter continued cost pressure from high prices for graphite electrodes and ferro-silicon in 2018, it said on Wednesday January 31."We're seeing increases in graphite electrode [contract] prices into the early part of 2018 of more than 300% [year-on-year from the average cost in 2017]," chief financial officer Christoph de la Camp said during a...Read More
Tharisa plans to build two new plants and upgrade another, part of its aim to lift production to 2 million tonnes per year of chrome concentrate by 2020, the South African miner said on Wednesday January 31.An upgrade of the miner's Genesis Plant is scheduled for commissioning in July this yearTharisa is aiming for an increase of 15% or 180,000 tonnes per year in plant throughput, it said, adding...Read More
Tharisa plans to build two new plants and upgrade another, part of its aim to lift production to 2 million tonnes per year of chrome concentrate by 2020, the South African miner said on Wednesday January 31.An upgrade of the miner's Genesis Plant is scheduled for commissioning in July this yearTharisa is aiming for an increase of 15% or 180,000 tonnes per year in plant throughput, it said, adding...Read More
The appreciation of the South African rand since mid-November 2017 should preclude near-term price drops for the country's ores and alloys and will probably lead to further increases, according to producers. Metal Bulletin's indices for South African manganese ore, chrome ore and charge chrome have all been rising since early in December amid strong demand from China. Of those three commodities, t...Read More
New market entrant Syrah Resources forecast a macro change in graphite global supply in the coming years, with battery and EV end markets leading China to become a net importer of the mineral. The graphite market will undergo a shift in structure and pricing that could see China becoming a net importer of natural graphite to meet forecast local demand for electric vehicle (EV) batteries, according...Read More
Billet import volumes into Turkey have fallen over the past three years, with the producers opting to buy scrap because the price margin between these two products has widened since the second half of 2016, making scrap imports more profitable.In 2015, Turkey imported 7.85 million tonnes of steel billet, while scrap imports totaled 16.25 million tonnes in the same year, according to the Turkish St...Read More
Turkish steel producers went quiet again on Wednesday January 31 but still expected to book more cargoes for March, according to sources.Market participants expected the Turkish buyers to show some buying interest through to the end of the week."The Turks need to buy more scrap for March. I think they will be back in the...Read More