Nov 2 (Reuters) - Tesla Inc (TSLA.O) top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company.Tesla's shares fell 5% to $1,146 in premarket trading, after a steep jump following the news of the biggest-ever order - 100,000 electric cars for Hertz - on Oct. 25, which helped...Read More

MONTREAL, Nov 2 (Reuters) - Airlines are reopening airport lounges with higher-end service to lure back premium travelers after the pandemic, while increasingly opening the VIP experience to tourists - for a fee.Premium travel plummeted during the COVID-19 crisis, depriving airlines of higher-margin fares. But with traffic rebounding in certain regions and U.S.-bound travel set to reopen on Nov 8,...Read More

SINGAPORE, Nov 2 (Reuters) - Australia's dollar weakened on Tuesday after the country's central bank dampened investor hopes for a hawkish pivot, kicking off a big week for monetary policy that includes decisions from the Federal Reserve and Bank of England.The Aussie dipped as much as 0.47% before trading 0.23% lower at $0.75025. Last week, it was as high as $0.75555, a level not seen since July...Read More

Rebar and billet prices decreased slightly in the United Arab Emirates because some mills discounted their prices, sources told Fastmarkets on Tuesday November 2.Demand for rebar has improved week on week because prices have now been announced, sources added.Domestic rebarLocal rebar mills announced new prices on October 24.Emirates Steel has been offering rebar at 2,490 dirhams ($678) per tonne e...Read More

GLASGOW, Nov 2 (Reuters) - Leaders at the COP26 global climate conference in Glasgow have pledged to stop deforestation by the end of the decade and slash emissions of the potent greenhouse gas methane.While major powers have traded blame for the world's inability to agree on rapid reductions in the use of fossil fuels to limit global warming to manageable levels, there are at least signs of r...Read More

Continued declines in the Chinese steel billet market have caused many Southeast Asian buyers to shy away from importing the semi-finished product this week, sources told Fastmarkets on Tuesday November 2.Chinese billet import prices continued to crash on Monday and Tuesday, led by weakening ferrous futures markets across the Shanghai Futures Exchange (SHFE), together with growing volumes of iron...Read More

In an Oct. 8, 2021 broadcast, Crescat Capital's Portfolio Manager, Tavi Costa, and Chief Investment Officer, Kevin Smith, addressed stagflation in the U.S., the Federal Reserve's conundrum and the near-term expectations for precious metals prices. Crescat Capital's Portfolio Manager Tavi Costa and Chief Investment Officer Kevin Smith presented arguments that the U.S. is experiencing stagflation an...Read More

In a recent conversation with the Westhaven Gold management team, they briefed Streetwise Reports on the latest findings at the Shovelnose gold project. In its ongoing drilling efforts on its Shovelnose gold property in British Columbia, Canada, Westhaven Gold Corp. (WHN:TSX.V) continues to find multiple high-grade gold-silver veins along with significant widths of disseminated gold-silver, includ...Read More

Liberty Gold's "upcoming preliminary economic assessment on Black Pine, along with ongoing drilling updates, may represent meaningful catalysts to spur a rerate opportunity," noted a Haywood Securities report. In an Oct. 27 research note, Haywood Securities analyst Geordie Mark reported that recent metallurgical test results indicated that Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) could use run-of...Read More

During Crescat Capital's Oct. 1, 2021, broadcast, the firm's geologic and technical director, Quinton Hennigh, provided an overview of a company Crescat recently invested in, highlighting why he is excited about it. He also gave updates on six other companies in Crescat's mining exploration portfolio and explained how laboratories assay core samples. Quinton Hennigh, geologic and technical sirecto...Read More

The north China steel production hub of Handan city in Hebei province has implemented stricter production cuts at steel mills from Monday November 1 to November 7.The move has been made is to mitigate weather-influenced air pollution over the period and comes just after the city finished implmenting steel production curbs in September and October to limit the crude steel output in line with China'...Read More

The north China steel production hub of Handan city in Hebei province has implemented stricter production cuts at steel mills from Monday November 1 to November 7.The move has been made is to mitigate weather-influenced air pollution over the period and comes just after the city finished implmenting steel production curbs in September and October to limit the crude steel output in line with China'...Read More

Eurofer has welcomed the agreement between the European Union and the United States to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas, the European steel association said on Monday November 1.The US authorities made theannouncement, on Saturday October 30."We welcome the announcement of the agreement which could be the starting point of a ne...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 2 that are worth another look.Eurofer has welcomed the agreement between the European Union and the United States to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas, the European steel association...Read More

Russian steel mills have received a glut of orders for November deliveries of flat steel products, with active buying interest among stockists pushing up prices for hot-rolled steel in the country's Central Federal District around Moscow in the week to Monday November 1, sources have told Fastmarkets.The approaching expiry of the temporary export duty of $115 per tonne on hot-rolled (HR) sheet and...Read More

Base metals prices on the London Metal Exchange fell marginally across the board at the close of trading on Tuesday November 2, with macroeconomic forces driving the price movements.The market was awaiting results of the United States Federal Market Open Committee meeting on November 3. The three-month copper price fell by 0.6% to $9,495.50 per tonne, from $9,555 per tonne at Monday's close. Volu...Read More

Flat steel import markets in the United Arab Emirates and Saudi Arabia were slow during the week ended Tuesday November 2 because of uncertainty over the price direction, sources told Fastmarkets.The uncertainty was because of recent price decreases from China, which controls over 50% of the global steel market.On the other hand, strong local demand in the Indian market prompted buyers to expect p...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 2 that are worth another look.Eurofer has welcomed the agreement between the European Union and the United States to replace Section 232 steel and aluminium tariffs against the bloc's 27 countries with tariff-rate quotas, the European steel association...Read More

Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More

Base metals prices on the London Metal Exchange fell marginally across the board at the close of trading on Tuesday November 2, with macroeconomic forces driving the price movements.The market was awaiting results of the United States Federal Market Open Committee meeting on November 3. The three-month copper price fell by 0.6% to $9,495.50 per tonne, from $9,555 per tonne at Monday's close. Volu...Read More