Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average fell Monday, pulled lower by Boeing (BA - Get Report) after the aerospace giant was downgraded and said it would slow production of its troubled 737 MAX aircraft following two fatal accidents. General Electric (GE - Get Report) tumbled after the stock was downgraded by JPMorgan to underweight...Read More
Copper's three-month price on the London Metal Exchange had gone up by the close of trading on Monday April 8, once again trading at more than $6,500 per tonne over the afternoon, while a marginal dip in the US dollar index helped zinc's three-month price recover to more than $2,900 per tonne.Volumes traded in copper topped the complex over the day, with more than 13,000 lots changing hands by the...Read More
The deadly breach of one of Vale's tailings dams in Brazil this year was a harsh reminder for the mining sector that it needs to consistently operate within the parameters of strict controls and stay alert to potentially tragic risks, according to the chief executive officer of Anglo American's copper business. Hennie Faul said in an interview with Fastmarkets as part of the annual Cesco industry...Read More
Current global geopolitics add an element of uncertainty to the copper sector but the market's solid fundamentals have prevented a strong reaction in the metal's price, according to Hennie Faul, the chief executive officer of Anglo American's copper business.There is nonetheless an inevitable knock-on impact on decision-making for investments, Faul said in an interview with Fastmarkets as part of...Read More
"They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don't assume stupidity has limits." - John HussmanThis is the nastiest bear market rally that I have seen in my over 34 years of experience as a financial mark...Read More
Bob Moriarty ArchivesApr 8, 2019I need to read all the pieces I can about resource companies to keep an accurate feel on who is succeeding and who is failing. I’m a speed-reader and that helps but I go through 150 emails a day and read many dozen articles that interest me. What amazes me when reading what others write about various companies and metals is how infrequently I hear discussions...Read More
With copper executives gathering in the Chilean capital of Santiago for this year's CESCO-organized copper industry convention, interest in mined copper concentrates was being boosted by disruptions to trade flows in copper scrap.Since last year, China's copper scrap imports have been restricted by a series of policies designed to restrict the amount of waste the country processes and to tackle it...Read More
The mining, production and concentrate transport at MMG's Las Bambas copper mine in Peru is expected to progressively return to normal operations, the mining company said on Monday April 8 in a notice to the Hong Kong Exchange. The resumption comes after an agreement was reached between MMG and the community of Nueva Fuerabamba. "In response, the community has agreed to lift their current roadbloc...Read More
Based on "a rapid first-pass appraisal", the Cobre Panama developer had indicated the projects did not fit its target criteria, Japan Gold said.Read More
Mining Journal: You've worked for the Chilean government and SQM - what do you think of the government's current approach to lithium producers?Read More
SRG's share price (ASX: SRG) climbed more than 28% this week to A36c, capitalising the company at more than A$158 million (US$112 million). The agreement extends the terms of Evolution's drill and blast operations at the Cowal, Mount Rawdon and Mt Carlton operations - three of the five mines Evolution runs across Queensland, New South Wales and Western Australia The agreement is for...Read More
The Chinese antimony price, despite dropping for the sixth consecutive week, has slowed its pace of descent in the latest assessment period ended Wednesday April 3 after suppliers resisted cutting prices and halted production instead to avoid further losses. Meanwhile, low offers were heard in Europe, where prices continued to follow a downtrend last week. Fastmarkets' price assessment for MM...Read More
* GRAPHIC-2019 asset returns: (Adds Indonesia tin exports, updates with closing prices)By Eric OnstadLONDON, April 8 (Reuters) - Copper prices rose on Monday onnews of fresh stimulus measures in top metals consumer China andhopes for a U.S.-China trade deal.Other industrial metals, such as zinc, were dampened by theprospect of rising supply and producer selling.China said on Monday it would relax...Read More
By: IRA EPSTEIN Is Gold Building a Base or a Top?Read More
Trump wants interest rate cuts this year. His strategy is simple: Weaken the US dollar ? A weaker US dollar will help US exports and also reduce import ? Higher employment will be there if interest rate cuts are there and the US dollar also weakens. The ultimate goal of all these moves is to get a re-nomination next year and also win next year presidential elections. The fallout of a weaker US d...Read More
The incentive took his total compensation to $12.86 million.The board said Thornton had delivered against all the objectives set for him in 2018 and this, together with "personally developing and executing the nil-premium merger with Randgold which strengthened Barrick's position across all core metrics relative to its senior gold peers", was reflected in his incentive compensation for the year.Ba...Read More
Key data from the pricing session in London on Friday April 5. Key drivers The European 553 silicon price fell 3.1% during the latest pricing session in a very low liquidity market in which some offers below the previous range started to emerge. The silicon grade 441 quotation also softened on a lack of liquidity...Read More
The Monday Market Minute Global stocks eased from multi-month highs as investors prep for the start of the U.S. corporate earnings season and parse mixed statements on trade talks with China.First quarter SP 500 profits are expected to fall 2.2%, before rebounding 2.8% in Q2, as bank earnings from JPMorgan, PNC Financial and Wells Fargo loom on Friday.Germany's February exports fall by a bigger-...Read More
The price of steel rebar and wire rod exported from the Commonwealth of Independent States (CIS) decreased by $5 per tonne over the week, sources told Fastmarkets on Monday April 8.Fastmarkets' weekly assessment of the price of CIS export wire rod was $505-515 per tonne fob Black Sea on April 8, moving down from $510-520 per tonne fob a week earlier.The lower end of the assessment is reflective of...Read More
Drilling for uranium in the Nigerian desert. Source: GoviEx Uranium Inc.GoviEx Uranium Inc. [GXU-TSX; GVXXF-OTCQB] said Monday April 8 that it has reached a framework deal with the government of Niger, Africa to jointly develop the company's flagship Madaouela uranium project."This is the culmination of more than 12 years of relentless work and millions of man hours by GoviEx management and our Ni...Read More