* Three mines ordered shut for environmental violations * Philippines is world's No. 2 nickel ore exporterBy Manolo Serapio JrMANILA, Nov 16 (Reuters) - The Philippines' environmentministry said nine suspended mines will be allowed to resumeoperations if they rectify previous violations of environmentalregulations, a move that could boost nickel output in the majorsupplier of the metal.The nine mi...Read More
Austenitic steel scrap prices fell further this week with the negative market factors that have developed in recent weeks remaining in place. The pressure on prices came from poor demand, decreasing nickel prices and a lack of confidence that the market will pick up early in 2019.In Europe, the price of imports of 18/8 stainless steel scrap solids was assessed at ?,?950-970 ($1,076-1,098) per tonn...Read More
Ontario's Government for the People is supporting Northern Ontario's digital economy sector by investing in world-class software that will help businesses grow.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced new investments of $645,000. This includes $500,000 for Canadian Bank Note Company to develop Bingo Management System software...Read More
The Turkish steel mills resumed a watchful position in the deep-sea scrap markets on Friday November 16, with no bookings made and prices remaining unchanged, Fastmarkets was told.After the news of two deep-sea bookings heard on November 15 at $335 per tonne cfr for HMS 1&2 (80:20) both from the Baltic Sea and US suppliers, the mills in Turkey returned to being quiet at the end of the week.News of...Read More
Royalty company Sandstorm Gold Ltd. (NYSE American: SAND, TSX: SSL) announcesthat its board of directors has approved the purchase of up to 18.3 commonshares by the end of 2019, subject to approval by the Toronto StockExchange. This would represent approximately 10% of Sandstorm’s current sharesoutstanding. The news comes one day after Sandstorm says net income fell to$2.1 million in th...Read More
BENGALURU, Nov 16 (Reuters) - Gold prices rose on Friday as investors sought safe haven assets amid fears of a chaotic departure for Britain from the European Union.FUNDAMENTALS* Spot gold was up 0.2 percent at $1,214.77 per ounce at 0121 GMT, while U.S. gold futures rose 0.1 percent to $1,215.6 per ounce.* Palladium was 0.6 percent lower at $1,149.49 per ounce, having hit a record high of $1,178....Read More
Comex copper prices hit a multi-week high in morning tradingin the United States on Friday November 16, amid improving macroeconomic fundamentals and with trade talks to be held between the US and China.The copper price for December settlement on the Comex division of the New York Mercantile Exchange rose by 2.25 cents to $2.7690 per lb on Friday. Earlier in the trading session, the contract peake...Read More
Three-month base metals prices on the London Metal Exchange were either little changed or stronger on the morning of Friday November 16.Zinc and aluminium prices were up by the most with gains of 0.6% and 0.4%% respectively, while the rest were little changed with copper down by 0.1% at $6,195 per tonne. Volume has been above average with 6,330 lots traded as at 07.10am London time.This morning's...Read More
Imagine going back to the late 1990s and being able to be a ground-floor investor in electric vehicles.Well, you don't have to imagine. Hydrogen fuel cell technology is at the same point in development as electric vehicles were in the late 1990s. And for us as investors, a hydrogen fuel cell boom could be a retirement-level event.Fact is, hydrogen fuel cells have the potential to be superior to a...Read More
Joyce Lee, Josh SmithSEOUL (Reuters) - North Korean leader Kim Jong Un visited the test site of a new tactical weapon in his first public “field inspection” since last year, hailing it as a “display of our rapidly-growing defense capabilities,” state media said on Friday.The North’s first mention of a new weapons development in months threatens to sour the political a...Read More
I’m back and it appears so is theprice of gold. After violating a couple of our key levels, gold held the mostimportant level of $1,200. It was a scary time with gold going through $1,200but managing to close above. The support held, clearing the way for a move backto $1,240 and then $1,275.Many of you expressed concernwhen gold was violating $1,220. My comments were the same -- “don&r...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Overnight news that regulators in Quebec are reviewing some Bombardier (BBD.B) insider-related transactions shines a spotlight on a big shortcoming in disclosure in Canada. There is an obscure measure in a 2006 OSC staff notice that allows insiders to delay reporting trades for a year or possibly more if they are made under an Automatic Securities Disposition Plan (ASDP) and receive a regular rep...Read More
(Kitco News)- The gold market continues to hug critical psychologicalsupport above $1,200, following stronger-than-expected retail sales figureslast month.Thursday, U.S. retail sales rose 0.8% in October, followinga revised 0.1% decline in September, according to the latest data from the U.S. Commerce Department.Economists were expecting to see a 0.6% rise in the headline number. For the year, sal...Read More
The weekly Chinese domestic spot battery-grade lithium carbonate price was unchanged on Thursday November 15 with most major buyers concluding their final deals before the end of the year. Battery-grade lithium carbonate prices were stable in China and in the seaborne markets, with most producers working with limited stocks before the year-end. Technical and industrial-grade lithium carbonate...Read More
Domestic prices for coated steel coil products in Turkey have moved down over the past week due to slow trading conditions, sources told Fastmarkets on Friday November 16."Demand is slow and sentiment is bearish, so the mills have had to decrease their prices," a trader...Read More
SAN FRANCISCO (Reuters) - Home-renting company Airbnb Inc said on Friday it had “substantially more” than $1 billion in revenue for the third quarter, marking its strongest quarter yet ahead of a widely anticipated initial public offering next year.The quarter was the first time it “substantially” exceeded $1 billion in revenue, Airbnb said in a statement, citing growth in...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday he would nominate the acting head of the Environmental Protection Agency, Andrew Wheeler, to take on the position permanently.Wheeler, a long-time Washington insider known to shun the spotlight, took the reins at the EPA in July after former Administrator Scott Pruitt resigned. Pruitt faced a slew of ethics controversies that includ...Read More
Domestic prices for steel coil products in Turkey were expected to move down due to limited demand, sources told Fastmarkets on Friday November 16."Demand is barely there, and there were hardly any deals done this week," a source said."There might be more activity seen next week, but most likely the mills will not be able to maintain the current level of prices," he added.Fastmarkets' weekly price...Read More
SAN FRANCISCO (Reuters) - Former Oracle Corp product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business.Greene said she had joined Google three years ago with plans to leave after two years and will move into investing and philanthropy in...Read More