Australian lithium spodumene producer Altura Mining shipped about 10,000 tonnes of lithium spodumene from Port Hedland in Western Australia to China in October 2018, the company has said.Altura announced on October 31 that it had despatched two cargoes each of around 5,000 tonnes of lithium spodumene to China, on October 9 and October 20. The material came from the company's Pilgangoora lithium mi...Read More
Australian lithium spodumene miner Neometals reported that it had achieved slightly higher production volumes in the July-September quarter in a results statement published on Wednesday October 31.Neometals increased its output by about 1.68%, producing 111,023 tonnes of lithium spodumene in the quarter, compared with 109,183 tonnes produced in April-June.Output of higher-grade lithium spodumene (...Read More
* Stock markets, dollar little changed * SPDR holdings fell on Monday (Updates prices)By Sumita LayekBENGALURU, Nov 6 (Reuters) - Gold edged up on Tuesday asinvestors sought shelter fromuncertainty over the outcome ofthe U.S. midterm elections.Spot gold rose 0.3 percent to $1,234.94 per ounce asof 1314 GMT, while U.S. gold futures were up 0.4 percentat $1,236.50."One scenario (from the electi...Read More
(Updates with production, Barrick vote)LONDON, Nov 6 (Reuters) - Randgold Resources said onTuesday third-quarter profit rose 25 percent on the previousquarter helped by lower costs a day before its shareholders voteon a $6.1 billion tie-up with Barrick Gold.The London-listed miner said profit for the period reached$73.2 million while cash costs fell 18 percent versus theprevious quarter to $181.6...Read More
TORONTO (Reuters) - If all goes according to plan, Barrick Gold (ABX.TO) will have fewer mines and workers one year after acquiring Africa-focused Randgold Resources (RRS.L), the Canadian miner’s executive chairman said on Monday, as its investors approved the deal.Votes were 99.8 percent in favor of the $6.1 billion, no-premium transaction, Barrick said, confirming a Reuters report. After R...Read More
Lithium spodumene miner Tawana Resources reported a quarter-on-quarter production increase of 63% from operations at Bald Hill in Western Australia in July-September this year, in a results statement for the third quarter published on Wednesday October 31.The Australian miner produced 28,419 tonnes of lithium spodumene in the quarter ended on September 30, compared with 17,403 tonnes in the previo...Read More
DUESSELDORF, Germany (Reuters) - Friedrich Merz, chairman of the German arm of BlackRock (BLK.N), the world’s biggest fund manager, said he had ordered the fund’s management board to fully investigate all incidents involving so-called cum ex transactions and cooperate with prosecutors.Merz spoke at a political event in the northwestern German city of Duesseldorf, hours after a source f...Read More
(Reuters) - A U.S. federal judge ruled on Tuesday that chip seller Qualcomm Inc (QCOM.O) must license some of its technology to competitors such as Intel Corp (INTC.O).The preliminary ruling came in an antitrust lawsuit against Qualcomm brought by the U.S. Federal Trade Commission in early 2017 and that is scheduled to go to trial next year.The preliminary ruling by Judge Lucy Koh in the U.S. Dist...Read More
(Reuters) - American International Group Inc (AIG.N) is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing.Validus Holdings Ltd, a Bermuda-based reinsurer that AIG acquired for $5.56 billion in July, is winding down insurance coverage it prov...Read More
Prices for hot-rolled (HR) and cold-rolled (CR) steel sheet in Russia's Central Federal District around Moscow have decreased over the past week, reflecting a slowdown in demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was 40,000-40,500 roubles ($604-612) per tonne cpt Moscow on Tuesday November 6, including 18% VAT. This was down from 41,000-41...Read More
(Reuters) - Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar with the matter said Monday, in a twist to a more than year-long contest that has drawn overtures from locales across North America.Dallas, Long Island City in New York and Arlington near Washington, D.C. are all among the finalists with which Amazon is holding advanced talks, one of...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable over the past week, with demand remaining limited, sources told Fastmarkets on Tuesday November 6.UAE Hot-rolled coil from Russia was on offer to the UAE at $560-565 per tonne cfr, with one buyer bidding $550 per tonne cfr. Chinese HRC was on offer at $580 per tonne cfr.But buyers were not willing to book mate...Read More
LONDON (Reuters) - Britain wants a Brexit agreement by the end of November and Prime Minister Theresa May would give a speech on Nov. 19 saying she had delivered on the referendum with a deal which brings the country back together, the BBC reported on Tuesday.However, a spokesman at May’s Downing Street office dismissed the report which outlines a detailed timetable in which the BBC cited a...Read More
ANKARA (Reuters) - President Tayyip Erdogan said on Tuesday Turkey would not abide by the renewed U.S. sanctions on Iran’s oil and shipping industries, adding that they were aimed at “unbalancing the world”.The comments came a day after Washington reimposed sanctions on Iran, abandoning a 2015 deal between world powers and Iran over its nuclear program. The U.S. measures temporar...Read More
NEW YORK, Nov 6 (Reuters) - U.S. Treasury yields briefly pared their rise on Tuesday following solid demand for a record amount of 10-year government notes, the second leg of this week's $83 billion quarterly refunding.At 1:22 p.m. (1822 GMT), the yield on benchmark 10-year Treasury notes was 3.212 percent, up 1.3 basis points from late on Monday. (Reporting by Richard Leong; Editing by Chris Rees...Read More
China's hot-rolled coil prices fell on Tuesday November 6 after investor sentiment was dampened by Tangshan's "smaller-than-expected" capacity cuts, with trading sparse both domestically and in the export market.DomesticEastern China (Shanghai): 4,020-4,040 yuan ($581-584) per tonne, widening downward 10 yuan per tonneNorthern China (Tianjin): 4,000-4,010 yuan per tonne, down 30 yuan per tonneSell...Read More
NEW YORK (LPC) - Elon Musk's Space Exploration Technologies Corp, known as SpaceX, is looking to line up a $750 million leveraged loan, sources said.Bank of America Merrill Lynch is leading the transaction. A lenders presentation will be held by the SpaceX management team on November 7.SpaceX makes rockets and spacecraft. The company was founded by Elon Musk in 2002 as a way to help humans live on...Read More
The price of rebar imported into the United Arab Emirates fell in the week to Tuesday November 6, on continuing limited demand.The billet import market was also slow because mills in the UAE have enough billet in stock to last for more than two months, sources told Fastmarkets.Domestic rebarLocal producers were still offering rebar at 2,016 dirhams ($549) per tonne ex-works this week.And Fastmarke...Read More
PARIS (Reuters) - The decline of diesel engines will support the growing use of aluminum in vehicles as the auto industry pursues lighter models to meet emissions targets, the head of aluminum parts maker Constellium (CSTM.N) said on Tuesday.As a lighter but costlier alternative to steel, aluminum has become a significant part of premium car models and efforts to bring electric-powered vehicles to...Read More
SAN FRANCISCO (Reuters) - Facebook Inc blocked about 115 user accounts after U.S. authorities tipped it off to suspicious behavior that may be linked to a foreign entity, the company said in a blog post on Monday, hours before U.S. voters head to the polls.The social network said it needed to do further analysis to decide if the accounts are linked to Russia’s Internet Research Agency or ano...Read More