Comex copper prices eased lower in morning trading on Monday November 19 in the United States amid early warning signs of a continuing impasse between that country and China ahead of the meeting of the G20 developed nations later this month.The copper price for December settlement on the Comex division of the New York Mercantile Exchange dipped by 0.35 cents per lb to $2.7950 per lb.Despite the po...Read More
2018 has been a most… interesting year for me. In life, I believe there are 3 main aspects that we all seek to maximize in order to be happy: Wealth, Health, Relationships.Wealth.This first key component hasn’t really gone as expected for me this year… It’s only with the benefit of hindsight when we can reflect back and kind of figure out just exactly what went right/wrong...Read More
Kirsten Marcia is the founder of DEEP and its President and CEO.As noted on the DEEP Earth Energy Production Corp. (DEEP) website, geothermal energy is the only renewable power that is independent of wind and sunshine and produces continuous power made available by an energy producer (baseload). This green energy source provides zero carbon-based fuel consumption and leaves a small environmental f...Read More
(Adds detail, quote)HARARE, Nov 19 (Reuters) - Zimbabwe will allow gold andplatinum mining companies to retain up to 55 percent of theirearnings in dollars, government and central bank officials saidon Monday, as authorities in the southern African nation move toensure operators remain viable.Mining accounts for more than two-thirds of Zimbabwe'sexport earnings but the sector has seen some compani...Read More
Disappointment that United States/China trade talks are not making progress has once again dampened sentiment in the London Metal Exchange's three-month base metals prices to the extent there has been little follow through to the strength seen at the end of last week.Nickel has taken the brunt of the disappointment this morning, Monday November 19, and is showing a drop of 1.1% to $11,265 per tonn...Read More
(The opinions expressed here are those of the author, acolumnist for Reuters.)By Clyde RussellLAUNCESTON, Australia, Nov 19 (Reuters) - Are themuch-lauded predictive capabilities of copper starting to showthat the divide between China and the United States on trade andinvestment, which was on full display at the weekend meeting ofAsia-Pacific leaders, no longer matters?The failure of leaders of th...Read More
Nickel-cobalt-manganese (NCM) 811 batteries are penetrating the electric vehicle (EV) battery market slowly, according to Wang Xiaoming, vice general manager for international sales and purchases at Beijing Easpring Material Technology Co.NCM 811 batteries, which have an 8:1:1 proportion of nickel, cobalt and manganese respectively, are among those striving to attain a dominant position in the EV...Read More
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) processed payments for Danske Bank (DANSKE.CO) in Estonia but ended the relationship in 2015 after it found suspicious activity, a spokesman for the German lender said on Monday.“Our role was to process payments for Danske Bank,” he said. “We terminated the relationship in 2015 after identifying suspicious activity.”Reporting b...Read More
Share this articleVANCOUVER - Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) reports further results from the recently completed drill program at the Forrest Kerr Project. Drilling has extended the mineralized envelope surrounding the 2017 and 2018 high-grade gold discoveries at North Boundary. This round of focused drilling tested for the depth and lateral extension of know...Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, the cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price...Read More
The State of New York has a new plan to fight the nation's opioid crisis. And it's a real doozy.The state has gathered together the brightest and most intelligent team in order to create a radical and revolutionary new strategy that's probably guaranteed to stop opioid abuse dead in its tracks...It's raising taxes.Surprised?Of course you're not. Government's solution to every problem is to raise t...Read More
WASHINGTON (Reuters) - CNN on Monday called on a federal court to hold emergency proceedings after the White House said it would again revoke press access to correspondent Jim Acosta despite a temporary restraining order on Friday to reinstate him.Acosta’s credentials were revoked after Trump denounced him as a “rude, terrible person” during a Nov. 7 news conference. CNN challeng...Read More
(Reuters) - Apple Inc (AAPL.O) has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.A lower-than-expected demand for the new iPhones and Apple's decision to offer more models has made it difficult to anticipate the number of components and handsets the company needs, according to the WSJ report here...Read More
The market for hot-rolled and cold-rolled steel sheet in Russia's Central Federal District around Moscow has remained weak despite mill expectations of an improvement in demand after an explosion at Kazakhstan's ArcelorMittal Temirtau. ArcelorMittal Temirtau, which is is the largest supplier of imported flat steel products in Russia, partly suspended operations on Saturday November 10&nb...Read More
YOKOHAMA, Japan (Reuters) - Nissan Motor Co (7201.T) Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy.Ghosn is also chairman and chief executive of Nissan’s French partner Renault (RENA.PA) and his departure will raise questi...Read More
Export prices for flat steel products from the Commonwealth of Independent States (CIS) moved lower in the week ended Monday November 19 because demand remained weak and the downtrend in China put pressure on the market."There was a possibility that the fall in prices would stop after the accident at Temirtau [ArcelorMittal's asset in Kazakhstan]," one trader from Russia told Fastmarkets. "But the...Read More
Import prices for steel slab in Southeast Asia and East Asia fell in the week to Monday November 19, on lower bids from suppliers and persistently low demand as a result of sluggish domestic hot-rolled coil sales.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $460-470 per tonne cfr on November 19, down $10 per tonne from a week earlier.Major Indon...Read More
(Reuters) - President Donald Trump’s appointment of Matthew Whitaker as acting U.S. attorney general on Nov. 7 drew another legal challenge on Monday, this time by three Democratic senators.Senators Richard Blumenthal, Sheldon Whitehouse and Mazie Hirono sued Whitaker and Trump, asking for a court order stating the appointment violated the U.S. Constitution by denying the Senate its right to...Read More
Import prices for rebar in Singapore were lower over the past week on expectations of more supply hitting the market in the coming weeks.This is especially so for Chinese rebar, which is widely expected by market participants to be offered in more amounts in the near term as the domestic market softens.Fastmarkets MB's assessment of import prices for rebar in Southeast Asia - which mainly looks at...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN Index couldn't muster more than about 5 points to the upside before falling, rolling over, and continuing its correction. The Index fell 26.9 points to close the week at 1106.85 for a 2.4% decline, amounting to a stinging two-week loss of 4%.MACD tumbled 7.7 points...Read More