* Walt Disney (NYSE:DIS) gains on strong Q4 results* General Electric (NYSE:GE) falls after J.P. Morgan cuts PT* U.S. crude in bear territory, below $60 a barrel* Futures down: Dow 0.55 pct, S&P 0.58 pct, Nasdaq 0.91 pct (Changes comment, adds details, updates prices)By Sruthi ShankarNov 9 (Reuters) - U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raise...Read More
Nov 9 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -------------------------------------------------...Read More
(For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in an Eikon news window.)* Futures down: Dow 0.49 pct, S&P 0.54 pct, Nasdaq 0.82 pctBy Sruthi ShankarNov 9 (Reuters) - U.S. stock index futures fell on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.This gave investors...Read More
* MSCI Asia-Pacific index loses 1.3 pct, Nikkei sheds 1.05 pct* Fed stands pat but still on track to gradually hike rates* Dollar supported with short-term U.S. yields at decade highs* Prospect of swelling global supply keeps crude near 8-mth lows* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Shinichi SaoshiroTOKYO, Nov 9 (Reuters) - Asian stocks pulled back from a one-month high on...Read More
(Bloomberg) -- China’s massive import expo is starting to wind down in Shanghai. From million-dollar shoes to robots and toys, here’s what Bloomberg’s reporters saw as the highlights.There’s been hundreds of deals and agreements signed at the expo, according to Bloomberg calculations. A lot of those have been energy and commodity deals, like Chinalco’s agreement on Th...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Star Diamond Corporation (TSX: DIAM)today announced that Rio Tinto Exploration Canada ("RTEC") commenced an HQ core drilling program on 11 holes and 3,300 metres of drilling on five kimberlites.This program is the first phase of drilling of the Brownfields exploration program to investigate and prioritise the Fort ? la Corne kimberlites outside of the Star and Orion South kimberlites The core dri...Read More
ALROSA, the world's largest diamond miner, today announced diamond sales results for October and the first ten months of 2018.In October, ALROSA Group sold $242.8 million worth of rough and polished diamonds, down 28% YoY. Rough diamond sales by value amounted to $233.9 million, polished diamond sales were $8.9 million. In October, demand for small-size inexpensive rough diamonds remained weakALRO...Read More
Rebar producers in Poland have slightly decreased domestic prices over the past week, sources told Fastmarkets on Friday November 9.The decline reflected the expected seasonal slowdown that was anticipated by distributors, market participants said.Fastmarkets' price assessment for domestic 12mm B500B-grade rebar in Poland was 2,320-2,350 zloty ($617-625) per tonne ex-works on November 9, down from...Read More
* MSCI Asia-Pacific index loses 1.1 pct, Nikkei sheds 0.8 pct* Fed stands pat but still on track to gradually hike rates* Dollar supported with short-term U.S. yields at decade highs* Prospect of swelling global supply keeps crude near 8-mth lows* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVhBy Shinichi SaoshiroTOKYO, Nov 9 (Reuters) - Asian stocks pulled back from a one-month high on F...Read More
Rio Tinto, (NYSE:RIO) the world's No.2 miner, announced today that it delivered record results at its 2018 Argyle Pink Diamonds Tender, which included 63 rare pink, red and violet diamonds from its Argyle mine in Australia.The mine is the biggest diamond operation down under, and the source of rare and prized fancy pink gems. Argyle has been active since 1983, first as an open pit mine and then fr...Read More
Lucara Diamond Corp achieved earnings before interest, taxes, depreciation and amortisation (Ebitda) of $18.2-million for the third quarter ended September 30, compared with the Ebitda of $49.8-million reported for the quarter ended September 30, 2017.The decrease in Ebitda reflects lower revenues attributable to a smaller volume and lower average price of exceptional stones sold, with the sales f...Read More
Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) recorded sales volumes of 101,000 tonnes during the third quarter of 2018, up from 97,900 tonnes in the corresponding period a year before.Volume growth came from the company achieving a higher share of downstream products and exports in the sales mix, according to an earnings report published by parent group Votorantim.Consumpti...Read More
Metswedi Mining has received the first renewal for both prospecting licence (PL) 101 (430 km2) andPL58 (2.3c) which make up the Middlepitsproject, in Botswana, Canadian diversified junior mining company Tango Mining announced last month. The property is 470 km south-west of Gaborone and 90 km south-west of Tshabong, in the country’s Kgalagadi district.Advertisement TSX-V-listed Tango is set...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsDuring the Asian trading on Friday morning, most base metal prices on the Shanghai Futures Exchange were up, buoyed by the modest pick-up in risk-on sentiment following China's release of positive economic data for October. On London Metal Exchange trading on Friday morning...Read More
Chinese mining company Bosai Group has acquired 51% of Shandong Qixing Group's alumina refinery for 1.2billion yuan ($1.73 million), although the market does not expect any immediate relief to Chinese domestic alumina supply tightness, Fastmarkets understands. The Qixing refinery has a capacity to produce 500,000 tonnes per year of alumina, but it has been idle for over a year due to financial iss...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
The current conditions in the zinc concentrate market are the biggest challenge to operating Noranda Income Fund's (NIF) processing facility profitably, the company said. NIF, which owns the Canadian Electrolytic Zinc (CEZ) facility in the Canadian province of Quebec, said that the supply tightness in the zinc concentrate market was the result of several large mine closures in recent years and str...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe company expects the reduced organisational structure will save about US$5 million per annum in corporate general and administrative expenses.The company, which operates the Pinto Valley copper mine in Arizona and the Cozamin mine in Mexico, said the move would also empower mine general managers and their teams to run operations as in...Read More
The London Metal Exchange has addressed a series of proposals put forward to market participants in a consultation period that began in early August, introducing key rulebook and procedural amendments in conjunction with its Strategic Pathway initiatives first introduced in 2017.Structured around key initiatives set out in 2017 to drive market growth, market feedback from the consultation has prom...Read More