An overview of the battery raw materials markets and their price moves from the past week.Read More
LOS ANGELES (Reuters) - In January, President Donald Trump fired the opening shot of his trade war, slapping tariffs on solar panel imports to boost U.S. manufacturing of a product long dominated by cheap foreign competition.But other duties his administration has imposed since then are making the solar panel components more expensive - dampening the domestic panel manufacturing sector’s ini...Read More
WASHINGTON (Reuters) - U.S. job growth rebounded sharply in October and wages recorded their largest annual gain in 9-1/2 years, pointing to further labor market tightening that could encourage the Federal Reserve to raise interest rates again in December.The Labor Department’s closely watched monthly employment report on Friday also showed the unemployment rate steady at a 49-year low of 3....Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Metal Bulletin prices Click here for Fastmarkets MB's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for...Read More
Alloy steel scrap prices followed divergent trajectories this week in Europe and the UK as a result of differing market fundamentals. In Europe, 18/8 scrap solids prices fell amid poor demand, while grade-316 solids prices edged higher because of very tight supplies. In both cased, however, market activity has been very slow and price movements were only marginal. Fastmark...Read More
* Holdings in SPDR Gold Trust rise * Platinum hits fresh high since June 27 * U.S. jobs report due at 1230 GMT (Updates prices)By Eileen SorengBENGALURU, Nov 2 (Reuters) - Gold prices on Friday held onto gains from the previous session as investors remainedcautious ahead of a U.S. jobs report, which could provide clueson the pace of further interest rate hikes.Spot gold was flat at $1,232.81 per o...Read More
* U.S.-China trade deal hopes trigger risk rally * Emerging-market shares head for best day since early 2016 * Europe higher with Germany's DAX leading the charge * Hong Kong, Korean markets have best day in seven years * U.S. jobs data next test for rising bond yields * Dollar dips, sterling builds on strongest day of the year * Graphic: World FX rates in 2018 By Marc JonesLONDON, Nov 2 (Reuters)...Read More
* Dollar under pressure as risk-sensitive currencies gain * Trump said to have asked to prepare trade deal draft * Ebb in trade woes weighs on yen, lifts Aussie and yuan * Traders awaits U.S. jobs data for potential lift * Graphic: World FX rates in 2018By Tom FinnLONDON, Nov 2 (Reuters) - The dollar fell on Friday on signsU.S. President Donald Trump is seeking to resolve a damagingtrade war with...Read More
Nov 2 (Reuters) - U.S. President Donald Trump wants to reachan agreement with Chinese President Xi Jinping at the Group of20 nations summit in Argentina later this month, Bloombergreported on Friday, citing four people familiar with the matter.Trump has asked key U.S. officials to begin draftingpotential terms, Bloomberg said, addingthat the push for a possible deal with china was prompted by hist...Read More
Channel sampling at Gunner's Cove, one of White Metal's Newfoundland properties. Source: White Metal Resources Corp.White Metal Resources Corp. [WHM-TSXV; TNMLF-OTC] rallied sharply Friday November 2 after the company released a report on its initial due diligence grab sampling from its recently optioned Little Joanna gold property in Central Newfoundland.The company said a total of seven grab sam...Read More
Examples of visible gold from Marathon Gold's Valentine Lake Project in Newfoundland. Source: Marathon Gold Corp.Marathon Gold Corp. [MOZ-TSX; MGDPF-OTC] has added two years of mine life and 827,000 ounces of gold to the mix in an updated Preliminary Economic Assessment of its Valentine Lake gold project in Newfoundland.The project's after-tax Net Present Value rose to US$493.2 million from US$366...Read More
Nov 2 (Reuters) - Aluminium producer Hindalco Industries Ltd posted a 21.4 pct decline in Sept-quarter net profiton Friday, dragged down by rising input costs, but marginallybeat estimate.Standalone profit after tax came in at 3.09 billion rupees($42.50 million) in the second quarter, compared with 3.93billion rupees a year earlier, Hindalco said . Eleven analysts on an average had expected the Mu...Read More
Ferrous scrap prices in most parts of the world were firm in the week ending on Friday November 2, with healthy demand in the key import market of Turkey supporting global prices.But prices in Asia weakened because steel mills in Vietnam and Taiwan held back from purchasing ferrous scrap due to fierce price competition in the downstream billet and long steel markets.Turkey importsTurkish steel mil...Read More
Notes:1. Grades/widths of mineralized intervals represent complete "from" "to" drill depths as shown.2. All holes (with the exception of S18-122 which was drilled vertically) were drilled at 45-70 degree inclinations designed to be roughly perpendicular to the understood dip of mineralized structures based on the current understanding of the geological structures. The true widths of the mineralize...Read More
Prices for light iron scrap in the United Kingdom moved up by ?5 per tonne this week, due to material tightness and an increase in Turkish scrap prices, sources told Fastmarkets MB on Friday November 2.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis moved up by ?5 per tonne to ?90-120 ($116-155) per tonne on Friday November 2, from ?85-115 per tonn...Read More
ANKARA (Reuters) - The order to kill journalist Jamal Khashoggi came from the “highest levels” of the Saudi government, Turkish President Tayyip Erdogan said in an op-ed piece published by the Washington Post on Friday.However, he wrote: “I do not believe for a second that King Salman, the custodian of the holy mosques, ordered the hit on Khashoggi.”Reporting by Ece Toksaba...Read More
Comex copper prices surged back up to a mid-October high during a volatile week that saw the red metal unable to establish a clear price direction amid competing macroeconomic factors.The copper price for December settlement on the Comex division of the New York Mercantile Exchange jumped by 8.60 cents to $2.8075 per lb. Earlier today in trading, the contract touched a high of $2.8090, the highest...Read More
MIAMI (Reuters) - Former U.S. President Barack Obama warned against rhetoric he said was designed to sow fear at rally supporting Democratic candidates on Friday, a packed day of campaigning that will also see his successor, Donald Trump, on the road urging voters to keep his Republican Party in control of Congress.Obama hit on a common closing campaign theme of Democratic campaigns - defending th...Read More
Alliance Mining Corp. [ALM-TSXV] on Thursday November 1 said recent analysis of the 2006 drill logs from its Tonopah uranium project in Nevada has revealed the presence of vanadium in both the oxidized and non-oxidized clastic sediments.Alliance Mining shares rallied on the news, rising 40% or $0.01 to 3.5 cents.Alliance said vanadium is growing in importance for key industrial manufacturing secto...Read More
SASKATOON - Cameco Corp. says it earned $28 million in its latest quarter compared with a loss in the same quarter last year.The uranium miner says the profit amounted to seven cents per share for the quarter ended Sept. 30 compared with a loss of $124 million or 31 cents per share a year ago.Revenue totalled $488 million, up from $486 million.On an adjusted basis, Cameco says it earned $15 millio...Read More