Battery cell maker Northvolt has begun building in Sweden what will be Europe's largest lithium-ion battery cell factory, as it received the environmental permit for phase one earlier this week.The company aims to reduce reliance on batteries from China and South Korea as European carmakers come under increasing pressure hurry up and catch onto the ongoing electric vehicles (EVs) boom.Batteries...Read More
Katanga boasts one of Congo's biggest reserves of copper and cobalt, but it has underperformed for decades. (Image: Musonoie-T17 open pit mine. Courtesy of Katanga Mining.)Congolese-American businessman and convicted fraudster Charles Brown has brought back a lawsuit against Glencore (LON:GLEN) the company considered dead, becoming the third court challenge the mining and commodities giant faces...Read More
SHANGHAI, Jun 8 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index extended its decline overnight and closed at 93.44.LME aluminium dropped close to 2% while lead, nickel and tin rose some 1%. LME copper inched up and hit a fresh high in four and a half years as the worries lingered over supply from the Chile Escondida l...Read More
* Asian shares set for wobbly start, Nikkei futures down 0.6 pct* Euro near three-week highs as ECB seen tapering stimulus* U.S. jobless claims drops, pointing to tightening labour market* Copper at 4-1/2 year highs, oil prices strongBy Swati PandeySYDNEY, June 8 (Reuters) - Asian shares are set for a soft start on Friday as global risk appetite deteriorated on worries the European Central Bank wa...Read More
* Euro gains as investors bet on ECB stimulus wind-down* U.S. Treasury prices gain on trade tensions before G7 summit* S&P 500, Nasdaq end down, while Dow rises (Updates with U.S. markets' closing levels)By Caroline ValetkevitchNEW YORK, June 7 (Reuters) - The euro climbed to a three-week peak on Thursday as expectations mounted that the European Central Bank will signal an early wind-down of...Read More
* Euro jumps as investors bet on ECB stimulus wind-down* U.S. Treasury prices extend gains* U.S. stocks mixed (Updates with oil price settlements)By Caroline ValetkevitchNEW YORK, June 7 (Reuters) - The euro climbed to a three-week peak on Thursday as expectations mounted that the European Central Bank will signal an early wind-down of economic stimulus, while oil prices jumped on concern about a...Read More
* Euro jumps as investors bet on ECB stimulus wind-down* U.S. Treasury yields slip* S&P 500 index little changed in midday U.S. trading (Updates with U.S. markets, changes dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 7 (Reuters) - The euro climbed to a 3-week peak on Thursday as expectations mounted that the European Central Bank will signal an early wind-down of stimulus,...Read More
Investing.com - Gold prices were little changed on Thursday as investors awaited the outcome of geopolitical risks and looked forward to key decisions on monetary policy to be delivered next week.At 10:28AM ET (14:28GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange inched up 80 cents, or 0.06%, to $1,302.20 a troy ounce.In the short-term, market parti...Read More
* Global stocks at 3 1/2 week high* Euro, Bund yields jump as ECB wind-down priced in* U.S. Treasury yields flirt with 3 percent level* Copper hits 2018 high* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Graphic: S&P 500 Volatility https://reut.rs/2M7b77tBy Helen ReidLONDON, June 7 (Reuters) - The euro and bond yields rose on Thursday as investors priced in an early wind-down of E...Read More
* Global stocks at 3 1/2 week high* Euro, Bund yields jump as ECB wind-down priced in* U.S. Treasury yields flirt with 3 percent level* Copper hits 2018 high* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, June 7 (Reuters) - World stocks hit a three-week high on Thursday and the euro and euro zone bond yields extended gains as investors priced in a potentially earlier...Read More
(Refiles with today's date)* Global stocks at 3 1/2 week high* Euro, Bund yields jump as ECB wind-down priced in* Copper hits 2018 high* Volatility falls further* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, June 7 (Reuters) - World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-tha...Read More
* Global stocks at 3 1/2 week high* Euro, Bund yields jump as ECB wind-down priced in* Copper hits 2018 high* Volatility falls further* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Helen ReidLONDON, May 21 (Reuters) - World stocks hit a three-week high on Thursday and the euro and German Bund yields also rose as investors priced in a potentially earlier-than-expected wind-down of sti...Read More
Early summer is the weakest time of the year seasonally for gold, silver, and their miners' stocks. With traders' attention diverted to vacations and summer fun, their precious-metals interest and investment demand wane considerably. Thus this entire sector, and often the markets in general, suffer a seasonal lull this time of year. But these summer doldrums offer the best seasonal buying oppo...Read More
SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More
Clayton North was pegged by Jindalee geologists and covers 2.3sq.km, with outcropping claystone horizons containing lithium values said to have been augured by the junior.Read More
The Toronto-headquartered company said it would, together with joint venture partner EHR Resources, start immediately on a 4,000m drilling programme to further test the Rufina and San Markito targets.Recent drilling has returned a number of "encouraging" gold intersections, Eloro reported, with highlights being 3.46 grams per tonne gold over 7.4m, which included 7.31gpt over 3.4m and 2.73gpt over...Read More
The Vancouver-headquartered company intends to undertake a three-phase campaign to outline sufficient resources to form the basis of a feasibility study to examine the potential restart of the brownfields project.Read More
SHANGHAI, Jun 8 (SMM) – Over 100 housing projects are likely to be up for sale across Shenzhen in 2018, Shenzhen Economic Daily reported from the Shenzhen Planning Land and Resources Commission on Friday June 8.This translated to over 50,000 new homes, up 50% from a year ago.In May, the Shenzhen government approved 481,500 square metres of residential housing areas for pre-sale, up...Read More
The 882-hectare land package is situated over an inferred trend next to the historic Big Mike copper mine, first discovered in the 1930s.In the late 1960s, Cerro Corp further explored the property, uncovering a 91m high-grade massive sulphide lens underlying a shallow lower-grade oxidised portion of the deposit.In 1970, Ranchers Exploration and Development Company developed a portion of the high-g...Read More