ReutersNIAMEY, Nov 8 (Reuters) - At least 18 people were killed on Sunday in an artisanal gold mine collapse in southern Niger, the local mayor said on Monday.The disaster took place in the southern Maradi region, near the border with Nigeria. The death toll is likely to rise, said Adamou Guero, mayor of the commune of Dan Issa."When we arrived at the site yesterday, people were still searching fo...Read More

An overview of the chrome ore and alloy markets and their latest price moves in Asia, Europe and the United States on Tuesday November 9.China The domestic spot ferro-chrome market weakened with suppliers lowering their offer prices in an attempt to profitably destock. The weaker ferro-chrome spot market also fed into the imported charge chrome market However, Taiyuan Iron & Steel (Tisco) and...Read More

ReutersLONDON, Nov 8 (Reuters) - Bank of England Governor Andrew Bailey said on Monday that the rise of crypto assets was helping illegal activity."I'm afraid that the advent of digital means of payment, and in particular crypto assets, I'm afraid that the evidence suggests, and we see this, is that it is providing another means of payment for people who want to conduct criminal activity," Bailey...Read More

* U.S. CPI data due on Wednesday* U.S. yields slip, dollar weakensNov 9 (Reuters) - Gold prices held near a two-month high on Tuesday, drawing support from lower U.S. yields in the run-up to data that could shed more light on the U.S. inflation picture.Spot gold inched up 0.05% to $1,825.25 per ounce by 1334 GMT, around $2 shy of its Sept. 7 high. U.S. gold futures for December delivery gained 0.0...Read More

Alumina export volumes from Brazil increased by 84.73% in October 2021 compared with the corresponding month in 2020, with both the Alunorte and Alumar refineries shipping more material, according to data published by the coutnry's ministry of economy on Monday November 8.Brazilian alumina exports totaled 901,012 tonnes in October, a significant rise from 487,742 tonnes a year before.Cargoes shipp...Read More

(Reuters) -U.S. stock indexes were set to open mixed on Tuesday after data showed a solid rise in producer prices last month, while General Electric surged on its plan to split into three public companies.Data from the Labor Department showed U.S. producer prices increased sharply in October, indicating that high inflation could persist for a while amid tight supply chains related to the pandemic....Read More

China will ban the creation of additional capacity for some energy-intensive industries - including for steel, coke, alumina and aluminium - in a bid to control pollution, the state council said in a guideline issued on Sunday November 7.The guideline did not specify the areas to be subject to the ban or the date that the measures will take effect.This comes alongside the statement that the supply...Read More

LONDON, Nov 9 (Reuters) - Britain's economy risks stagnation and sticky inflation over the coming years due to persistent supply-chain bottlenecks and headwinds from Brexit, the National Institute of Economic and Social Research (NIESR) think tank warned on Tuesday.Inflation is on course to hit around 5% next year, while Britain's economy looks set to grow by only 1.7% in 2023 and 1.3% in 2024 aft...Read More

Here are five Fastmarkets stories you might have missed on Tuesday November 9 that are worth another look.Carbon offsets and trading are an effective and quick way to contend with a future global ecosystem of green taxes, or the "green taxonomy," a sustainability consultancy said.Growing consumer appetite for sustainable products...Read More

FRANKFURT (Reuters) - Euro zone inflation is likely to fall back below 2% late next year but the European Central Bank should prepare for a less benign scenario, avoiding long policy commitments as upside risks dominate, Dutch policymaker Klaas Knot said on Tuesday.Inflation rose above 4% last month, more than twice the ECB's 2% target. But the bank has pushed back on calls for tighter policy, arg...Read More

Canada's First Cobalt Corp will expand its Ontario facilities to produce a range of precursor battery materials and to recycle lithium-ion batteries, it said.The Toronto-listed cobalt producer, which is North America's only cobalt refinery, also plans - subject to shareholder approval - to change its name to Electra Battery Materials to better reflect its new strategy, it also said. First Co...Read More

Mexican ferrous scrap prices were little changed in the week ended Friday November 5, with buyers passing on minor price adjustments to certain grades.Scrap sellers were putting strong pressure on clients, trying to apply price increases after the United States market reached settlements for November with increases of $20 per gross ton in prime scrap grades, and $40-60 per gross ton on most obsole...Read More

Carbon offsets and trading are an effective and quick way to contend with a future global ecosystem of green taxes, or the "green taxonomy," a sustainability consultancy said"Companies need to realize that states are very actively preparing tax and duties plans to favor green products, and this will result in new barriers to entry," carbon specialist and Keops Consulting founder Milena L??pez told...Read More

Denis Reuter, chief operating officer of major German recycler TSR, has been appointed as president of the Bureau of International Recycling's (BIR) ferrous division.Reuter succeeds outgoing president Gregory Schnitzer of Sims Metal Management, who had been appointed to the post in November 2018.In his capacity as division president, Reuter will become a member of the BIR executive committee and w...Read More

"Supporting Northwestern Ontario's entrepreneurs, business owners and non-profit organizations has never been more important," said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry. "Business growth is key to healthy regional economies and communities. With this funding, our government continues to strengthen economic diversification and job creation across th...Read More

"Our government remains committed to working with Far North First Nations to support legacy infrastructure and responsible natural resource development that creates prosperity for First Nation communities," said Greg Rickford, Minister of Northern Development, Mines, Natural Resources and Forestry, and Minister of Indigenous Affairs. "Now-after years of consultation- we are proposing to enhance pr...Read More

Authored by Matthew Piepenburg via GoldSwitzerland.com,The facts of surreal yet broken (and hence increasingly controlled and desperate) financial markets are becoming harder to deny and ignore. Below, we look at the blunt evidence of control rather than the fork-tongued words of policy makers and ask a simple question: How long can lies & control supplant reality?The Great Disconnect: Tanki...Read More

"Our investments in the North's agri-food sector strengthen communities and provide farmers and food producers like Crofter's Food with the infrastructure they need to succeed and expand their operations," said Norm Miller, MPP for Parry Sound-Muskoka. "The continued success of Crofter's Food equals jobs, economic growth, and opportunities for the people of the Parry Sound area."Crofter's Food, a...Read More

Nov 9 (Reuters) - The U.S. government will buy another $1 billion worth of the COVID-19 pill made by Merck & Co Inc (MRK.N) and partner Ridgeback Biotherapeutics, the companies said on Tuesday.The government in June agreed to buy 1.7 million courses of molnupiravir for $1.2 billion and is now exercising options to buy 1.4 million more.That brings the total secured courses to 3.1 million and wo...Read More

Base metals prices on the London Metal Exchange were down across the board on Tuesday November 9, but those on the Shanghai Futures Exchange were mainly firmer while they followed the strength seen on the LME on Monday, when the complex closed up by an average of 1.2%.While some of China's data shows a struggling economy, recovery and infrastructure spending elsewhere bode well for metals demand.W...Read More