Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Aug 9 (Reuters) - Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp, and said the board was evaluating other potential alternatives.Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, after its five previous proposals were rejected by the company.V...Read More
Perth-based junior, Sunstone Metals, is selling its Viscaria Copper Project to Copperstone Resources AB, a copper focused exploration company based in Sweden, for US$30.3 million. The project will be run as partnership between the two companies and will be named the Viscaria Copper Project. The two companies have just signed a non-biding letter of intent. Completion of the deal is subject to closi...Read More
The past year, soaring metallurgical coal prices have greatly affected the costs involved in producing pig iron, a form of crude iron which is the product of the blast furnace. Metal Bulletin Research's Global Steel Cost Service details how coking coal and coke costs usually averaged around 35% of total pig iron production expenditure in 2014 and 2015 while iron ore stood for the majority of costs...Read More
Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapac?? Region in northern Chile.Yesterday, Teck said that the regional Environmental Committee of Tarapac?? voted to approve the project's Environmental Impact Assessment.The mine is expected to generate 300,000 tonnes of copper equivalent production per year for the first five years of mine life.Teck est...Read More
* Markets worry about trade war, China crude demand* Iraq cuts selling price of crude cargoes bound for Asia* U.S. gasoline supply now seen as "sufficient" (Updates with settlement prices)By Jessica Resnick-AultNEW YORK, Aug 9 (Reuters) - Crude prices settled slightly lower on Thursday, extending the previous session's losses as the escalating China-U.S. trade dispute casts doubt over th...Read More
* NSE index up 0.18 pct, BSE index up 0.36 pct* ICICI Bank top gainer on NSE IndexAug 9 (Reuters) - Indian shares ended at record closing highs on Thursday, driven by strong gains in financial stocks such as ICICI Bank Ltd ICBK.NS and Axis Bank Ltd AXBK.NS .The benchmark BSE index .BSESN closed up 0.36 percent to 38024.37, a record high, while the broader NSE index .NSEI ended 0.18 percent hig...Read More
SHANGHAI, Aug 10 (Reuters) - Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling.Washington said it would impose fresh sanctions because it had determined that Moscow had used a nerve agent again...Read More
CENTENNIAL, Colo., August 9, 2018 - Westwater Resources, Inc. ("WWR" or "the Company") (Nasdaq: WWR), an energy materials development company, today announced its results for the second quarter of fiscal year 2018, along with a business outlook and new developments in its energy materials business.Christopher M. Jones, President and Chief Executive Officer, said, "Our continued work to diversify o...Read More
LUSAKA, Aug 9 (Reuters) - Vedanta Resources ' VED.L Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said.In July production was halted at the same shaft, shaft 4, after a miner died in an accident.Vedanta said in June it planned to double copper production at...Read More
Steel billet import prices in Egypt continued to fall in the week to Thursday August 9 as buying activity remained limited by the holiday season and the expectation that finished long steel prices will soon drop as a result of lower scrap prices. ...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new U.S. sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - Alarm bells were ringing on Thursday as new U.S. sanctions drove down Rus...Read More
CIS export billet prices softened somewhat on Thursday August 9 with a lack of supporting factors in the market, Metal Bulletin has heard....Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Things are looking up for exploration as we start to see a long overdue return to profitability - for those companies still in the game. From single digit returns just a couple of years ago, we're now headed back to double-digit...Read More
The latest news and price moves to start the Asian day on Friday August 10.The price movements of base metals on the London Metal Exchange were mixed at the close of trading on Thursday August 9, typified by sharp drops in the prices of aluminium and nickel, while copper found support despite two consecutive days of stock inflows. Read more here in our live futures report.Here is how prices l...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We explored how the market for EVs might develop in part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.So Ed, straight to the point - how much oil demand will EVs displace?Around 5 to...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.LONDON/HOUSTON/SINGAPORE, June 22, 2018 - OPEC has delivered a compromise that shows the commitment to unity that Saudi Arabia - and Russia - hoped for. Both countries worked hard to address the various issues facing the group a...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.This morning, Concho Resources Inc. announced it will acquire RSP Permian Inc. in a US$9.5 billion all-stock deal. The transaction is the largest US upstream M&A deal since 2012 and the largest purely Permian deal ever.Concho will...Read More
Copper and brass scrap markets in the United States are in a state of flux, with market participants rapidly working to digest how China's 25% blanket tariff on imports of recycled copper from the US will affect domestic pricing....Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Despite the prolonged low-price oil market over the past year, North American refiners have largely remained in good financial health - but changes in the supply and demand landscape are creating uncertainties. OPEC production cuts, t...Read More