(Updates with U.S. markets' closing levels)* MSCI global stock index eases* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered after Italy's new prime minister said the go...Read More
* U.S. stocks mostly gain, Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Oil prices end higherBy Caroline ValetkevitchNEW YORK, June 5 (Reuters) - U.S. stocks mostly edged higher on Tuesday as technology shares extended recent gains while U.S. Treasury yields fell on safe-haven buying after Italy's new prime minister outlined new economic policies that could add...Read More
* Stocks mostly ease, though Nasdaq hits a record high* Copper rises amid wage talks at world's largest mine* Trade discussions a worry for investors (Updates to noon trading in U.S. markets; changes dateline, previous LONDON)By Caroline ValetkevitchNEW YORK, June 5 (Reuters) - Stocks on world indexes edged lower and the Mexican peso and Canadian dollar fell on Tuesday amid concerns over a trade w...Read More
(Corrects paragraph one to say Netflix (NASDAQ:NFLX) to join the S&P 100, not the S&p 500)* MSCI world tech stock index climbs 0.7 pct to new record high* Italian bonds see modest selling ahead of govt confidence vote* Peso slides vs the dollar as tariff spat with U.S. escalates* Copper rises as wage talks rumble on at world's largest mine* Crude oil prices crawl up after 3 sessions of los...Read More
Investing.com - Gold prices traded slightly lower in mid-morning trade on Tuesday as positive economic data sent the dollar to its best level of the day against major rivals.At 10:30AM ET (14:30GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange slipped 70 cents, or 0.05%, to $1,296.60 a troy ounce.Meanwhile, the U.S. dollar index, which measures the gr...Read More
* MSCI world tech stock index climbs 0.7 pct to new record high* Italian bonds see modest selling ahead of govt confidence vote* Peso slides vs the dollar as tariff spat with U.S. escalates* Copper rises as wage talks rumble on at world's largest mine* Crude oil prices crawl up after 3 sessions of lossesBy Marc JonesLONDON, June 5 (Reuters) - World tech stocks hit a record high on Tuesday, spurred...Read More
As a result, the Vancouver-headquartered miner doubled Cozamin's total measured and indicated resources to 217,000t of red metal, compared with the previous resource announced at the end of December.The resource update stokes optimism that the increasing copper resource could support a mine expansion, according to company president and CEO Darren Pylot.The news sent Capstone's TSX-quoted equity (C...Read More
Palmer has been with Bluejay for six years, is also finance director of SigmaRoc and a partner at Heytesbury Corporate, which provides management consulting, company secretarial and corporate services. He previously worked at Apple where he was finance manager.Bluejay CEO Roderick McIllree said he expected the change to be seamless as the company focused its time and resources on the Dundas...Read More
SHANGHAI, Jun 6 (SMM) – A potential disruption in supply from domestic environmental reviews and a declining US dollar buoyed prices of SHFE copper recently, SMM senior analyst Ye Jianhua believed. The SHFE copper 1808 contract jumped over 2% to close at 53,320 yuan/mt on Wednesday June 6. LME copper currently stands at around $7,150/mt, with gains of 5% in the last four cons...Read More
The licence for the 2.5 hectare kimberlite pipe concession was said to be an "important development" for the company, as it was last prospected in 1986 and Botswana Diamonds suspects its kimberlite pipe size, grade and diamond quality may have been underestimated in the past.The licence is adjacent to De Beers' Oaks mine, which had a grade of 53 carats per hundred tonnes, and is also expected to h...Read More
Metal Tiger has a joint venture 170km up the road with MOD Resources and now will have access to almost 2,000sq.km in two licences in Botswana for its cash.Read More
The spot price on the London Metal Exchange rose a further 1.75% yesterday to US$7,095.25 per tonne, its highest point since late February.Broker SP Angel said the Escondida union was presenting its "most ambitious wage proposal" and noted last year's failed talks at the mine, majority owned by BHP, had led to a 44-day strike that pushed copper prices higher. Red metal stocks around the glob...Read More
SHANGHAI, Jun 6 (SMM) – Nonferrous metals rose across the board on Wednesday June 6 with SHFE nickel leading the gains with a rise of nearly 2%. Copper jumped 1.96%, zinc grew almost 1.9%, aluminium and lead rose over 1%, and tin inched up. The ferrous complex also soared as rebar led the gains and closed nearly 2% higher. Iron ore went over 1.8% higher, and hot-rolled coil rose over 1%...Read More
Nevsun this week held a ground-breaking ceremony at Timok for the start of an exploration decline at "one of the world's best undeveloped copper projects", that was attended by company and government dignitaries.Read More
SHANGHAI, Jun 6 (SMM) – To ease concerns of shortages of charging stations, Guangdong Power Grid will invest 2.7 billion yuan to build over 10,000 charging points across the province by the end of 2020, Chinanews reported on Tuesday June 5.The company will also work with the Guangdong Provincial Communication Group to develop charging infrastructure along expressways across th...Read More
The opposite seems more likely, according to the highly-regarded investment bank, Credit Suisse, which reckons that copper is heading for surplus this year and a price fall.Read More
SHANGHAI, Jun 6 (SMM) – Spot copper was mostly offered at a discount of 60 yuan/mt to flat over the SHFE 1806 contract in the Shanghai market on Wednesday June 6. This compared with a discount of 30 yuan/mt to a premium of 30 yuan/mt on Tuesday June 5.The SHFE 1806 contract traded robustly this morning. It gained over 700 yuan/mt from the previous day to close at 52,580 yuan/mt in the mornin...Read More
Jefferies analysts lead by Christopher LaFemina said "rumours of coal's death are premature" and they increased their seaborne price forecast for Australian 6,000 kcal/kg NAR FOB Newcastle thermal coal to US$105 per tonne for the rest of 2018 from the previous $90/t.Read More
SHANGHAI, Jun 6 (SMM) –Copper: Trading levels of copper prices climbed up as the US dollar weakened and as the worries over supply from the Escondida labour negotiation sustained. The SHFE 1807 and 1808 contracts surged overnight and are expected to extend their gains today. We see LME copper trading at $7,100-7,160/mt today with the most traded SHFE contract at 52,800-53,300 yuan/mt. A...Read More