First Cobalt Corp is in discussions with various feedstock suppliers and potential offtake parties who could finance an eventual restart of its cobalt refining facility in Ontario, Canada. The base case scenario would see the refinery resume operations at 24 tonnes per day, the company said, with production of cobalt sulfate for the lithium-ion battery market or cobalt metal for the US aerospace i...Read More
DUBAI/WASHINGTON (Reuters) - Saudi Arabia on Sunday warned against threats to punish it over last week’s disappearance of journalist Jamal Khashoggi, as European leaders piled on pressure and two more U.S. executives scrapped plans to attend a Saudi investor conference.Khashoggi, a U.S. resident and Washington Post columnist critical of Riyadh’s policies, disappeared on Oct. 2 after en...Read More
Aqua Metals has overcome the technical hurdles of scaling up to commercial production volumes and has begun production of lead ingots at its recycling facility in the Tahoe Reno Industrial Complex, in the US state of Nevada.The company, which is based in Alameda, California, has made significant progress toward steady-state module utilization. It will now be able to send material to its customers...Read More
ANKARA/WASHINGTON (Reuters) - Saudi Arabia’s King Salman on Monday ordered an internal probe into the unexplained disappearance of prominent journalist Jamal Khashoggi as a joint Turkish-Saudi team was set to search the Saudi consulate in Istanbul where he was last seen on Oct. 2.A Turkish diplomatic source said investigators would inspect the consulate on Monday afternoon, following delays...Read More
ROME (Reuters) - The Italian cabinet was due to meet on Monday to approve a 2019 budget which envisages a jump in the deficit that has upset financial markets and drawn criticism from the European Commission and other international bodies.The government, backed by the right-wing League and the anti-establishment 5-Star Movement, has already issued the financial framework for the budget, raising th...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, with downward momentum already in control, the Index got sucked down alongside the weakness in US and world markets. The INK CIN Index slid 42.55 points for a 3.5% loss. The INK CIN finished the week at 1175.72 and has fallen 5.9% in the last two weeks alone.Momentum indicators...Read More
* Investors look for safety amid Saudi tensions; yen higher * Analysts say investors cautious but far from panicked * Euro rebounds vs dollar despite Merkel's allies' electionloss * Graphic: World FX rates in 2018 (Adds quotes, details, updates prices)By Tommy WilkesLONDON, Oct 15 (Reuters) - The yen hit a one-month high andthe Swiss franc rallied on Monday as rising geopolitical tensionand furthe...Read More
The need for investment in new lithium projects creates a need for risk management tools, but the market's immaturity creates challenges, according to panelists at an LME focus session during this year's annual LME Week. Increasing demand for lithium compounds arising out of the electric vehicle and battery boom has created an appetite to bring new projects on stream, but there are risks associate...Read More
WASHINGTON (Reuters) - Retiring U.S. House Speaker Paul Ryan on Monday launched a whirlwind tour of a dozen states, where he aims to pump up the campaigns of 25 embattled Republican members of Congress as the party fights to keep control of Congress.With three weeks until the Nov. 6 congressional elections, most projections show Democrats holding a strong chance of gaining the 23 seats they would...Read More
WASHINGTON (Reuters) - Short-term rentals of Jackie Howard’s two-bedroom home near major tourist attractions in Washington, D.C. have helped her family pay for everything from plumbing emergencies to braces for her daughter.After Tuesday, when the district council is expected to vote on whether rentals on platforms like Airbnb and HomeAway can continue in the U.S. capital, Howard’s lis...Read More
MUMBAI (Reuters) - Amazon’s investment in an extensive delivery network, and offering installation services and monthly payment plans, helped make large appliances a major category during its annual festive sale, the head of its Indian business said on Monday.The bulk of orders for goods such as washing machines and refrigerators came from India’s smaller towns and cities, said Amit Ag...Read More
Fastmarkets MB's weekly price assessments for the CIS export steel market will not be published on October 15 because of a public holiday in Ukraine. Instead, the prices will be published on October 16, 2018. The prices affected are:CIS export cold rolled coil $ per tonne fob Black SeaCIS export hot rolled coil $ per tonne fob Black SeaCIS export heavy plate (10-50mm) $ per tonne fob Black SeaCIS...Read More
NEW YORK (Reuters) - JP Morgan & Chase Co (JPM.N) Chief Executive Jamie Dimon and Ford Motor Co (F.N) Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.The cancellations could add pressure on other U.S. firms like Goldman Sachs Group Inc (G...Read More
CAIRO (Reuters) - Qatari Minister of State for Defence Affairs Khalid bin Mohammed al-Atiyya met Turkey’s president Tayyip Erdogan in the presidential palace in Ankara, Qatar’s Defence Ministry said on Twitter on Monday.It added in a statement that they discussed the mutual relations between the two countries, and “the latest developments in the region”.Reporting by Nayera...Read More
China's domestic hot-rolled coil prices experienced some mild gains on Monday October 15 amid increased trading in response to an uptrend in the futures market.DomesticEastern China (Shanghai): 4,230-4,250 yuan ($611-614) per tonne, narrowed up 10 yuan per tonneNorthern China (Tianjin): 4,120-4,130 yuan per tonne, up 10 yuan per tonneGains in the futures market generated buying interest on Monday...Read More
China's ferrous futures started the week mixed, with the steel contracts posting gains during morning trading on Monday October 15, while those for steelmaking raw materials trended downward to end the session lower.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,154 yuan ($600) per tonne, up 36 yuan per tonne January hot rolled coil: 3,952 yuan per tonne, up 20...Read More
BRUSSELS (Reuters) - European Council President Donald Tusk said on Monday the 27 states remaining in the bloc after Britain leaves must be ready for a no-deal Brexit, a scenario he said was “more likely than ever before”.“But let me be absolutely clear. The fact that we are preparing for a no-deal scenario must not, under any circumstances, lead us away from making every effort...Read More
Increasing raw material costs have driven special bar quality (SBQ) prices up by $1 per hundredweight ($20 per short ton) across all grades, with market participants reporting lead times for hot-rolled bar that extend into early February 2019.Fastmarkets AMM's price assessment for 1-inch round 1000 series (Carbon) hot-rolled bar was at $46 per cwt on Friday October 12, up from $45 p...Read More
Fastmarkets MB's weekly price assessments for the CIS export steel market will not be published on October 15 because of a public holiday in Ukraine. Instead, the prices will be published on October 16, 2018. The prices affected are:CIS export cold rolled coil $ per tonne fob Black SeaCIS export hot rolled coil $ per tonne fob Black SeaCIS export heavy plate (10-50mm) $ per tonne fob Black SeaCIS...Read More
BRUSSELS (Reuters) - Walt Disney (DIS.N) has offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for Twenty-First Century Fox Inc’s (FOXA.O) entertainment assets, the European Commission said on Monday.Disney submitted its proposal on Friday, according to a filing on the EU competition enforcer’s website which however did not provide details.The...Read More