The headframe at Nevada Copper's Pumpkin Hollow copper project 100 miles southeast of Reno, Nevada. Source: Nevada Copper Corp.Nevada Copper Corp. [NCU-TSX] said Friday June 29 that it is upsizing a previously announced offering of common shares. Due to significant demand from institutional and retail investors, the company said it is increasing the value of the offering to $96 million from $80 mi...Read More
LONDON (Reuters) - Bitcoin’s value slid to its lowest level since November on Friday, as waning investor interest and recent negative headlines from global regulators weakened demand for the cryptocurrency and most of its rivals.Virtual currencies, including the best-known and biggest, bitcoin, have been stuck in a downward trend for most of 2018 after last year’s frenzied interest fiz...Read More
GENEVA (Reuters) - President Donald Trump has repeatedly told top White House officials he wants the United States to withdraw from the World Trade Organization, a move that would be potentially calamitous for global commerce, the news website Axios reported on Friday, citing people involved in the discussions.One person who has discussed the subject with Trump, according to Axios, said the presid...Read More
B2Gold's La Libertad Mine in Nicaragua. Source: B2Gold Corp.B2Gold Corp. [BTO-TSX, BTG-NYSE] has reduced the production forecasts at two mines in Nicaragua as a result of country roadblocks.However, the company's overall production guidance remains intact at between 910,000 ounces and 950,000 ounces, as it plans to make up the shortfall with production from other operations.Based in Vancouver, B2...Read More
SHANGHAI (Reuters) - Asian share markets rallied from nine-month lows on Friday, after China eased foreign investment limits, but underlying sentiment was dampened by worries over trade frictions a week before initial U.S. and Chinese tariffs were set to take effect.MSCI’s broadest index of Asia-Pacific shares outside Japan was 1 percent higher, while Australian shares were flat.Japan’...Read More
* Spot gold near 6-month lows* India prices at discount of up to $2* China premiums at $2-$4By Rajendra Jadhav and Karen RodriguesMUMBAI/BENGALURU, June 29 (Reuters) - Gold demand improved this week in India as prices fell to their lowest level in nearly three months, while demand elsewhere in Asia remained tepid as investors waited for prices to fall further.Gold futures in India were trading at...Read More
BEIJING, June 29 (Reuters) - China's central bank on Friday revised up the value of its end-May gold reserves to $77.323 billion, from $73.739 billion stated earlier this month.The central bank did not provide an explanation for the changed figure. The total amount of gold it held at end-May remained unchanged at 59.240 million fine troy ounces in the central bank's revised statement on Friday.Rep...Read More
* Gold mining resumes, power restored after Feb. 26 quake* Electricity repairs 5 months ahead of schedule - miner (Updates with Barrick statement)SYDNEY, June 29 (Reuters) - Mining has resumed and power has been restored at the Porgera gold mine in Papua New Guinea’s remote highlands run by Barrick Gold Co, four months after an earthquake disrupted production, the mine’s operator said....Read More
BISHKEK, June 29 (Reuters) - Kyrgyzstan's parliament will review in September an agreement that settles mutual claims with Canada's Centerra Gold, after which environmental payments by the company might grow, parliament speaker Dastan Jumabekov said on Friday.The Central Asian nation's government and Centerra, which operates giant Kyrgyz gold mine Kumtor, last week postponed until July 23 the dead...Read More
Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,277.73, up 97.84 points)Enbridge Inc. (TSX:ENB). Oil and gas. Up $3.10, or 7.06 per cent, to $47.00 on 11.5 million shares. Minnesota regulators approved the Calgary-based company's $9-billion project to upgrade its deteriorating Line 3 pipeline through the state. The pipeline will add about 3...Read More
LONDON - Is the web browser on your phone slower than usual? It could be mining bitcoin for criminals.As the popularity of virtual currencies has grown, hackers are focusing on a new type of heist: putting malicious software on peoples' handsets, TVs and smart fridges that makes them mine for digital money.So-called "crypto-jacking" attacks have become a growing problem in the cybersecurity indust...Read More
NEW YORK (Reuters) - After a strong rally that saw the Russell 2000 notch a record in three straight sessions in June, smallcap stocks may be showing signs of slowing down, leading some market participants to question whether their recent bulletproof performance is starting to crack.After hitting lows on Feb. 8, the Russell 2000 has risen more than 12 percent, far outpacing the gain of 5.2 percent...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
(Reuters) - General Motors Co (GM.N) warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” and risks isolating U.S. businesses from the global market.The Trump administration in May launched an investigation into whether imported vehicles posed a national security threat, and President Donald Trump...Read More
China's domestic spot battery-grade lithium hydroxide prices fell further on Thursday June 28 on a negative short-term outlook due to sporadic buying and while carbonate prices were unchanged this week, they were still under pressure with downstream buyers starting to receive lower offers. Lithium hydroxide prices continue to fall on negative sentiment. Lithium carbonate prices still under d...Read More
WASHINGTON (Reuters) - Morgan Stanley (MS.N) agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.Morgan Stanley did not admit or deny the SEC’s findings, according to the regulator.Reporting by Katanga Johnson; Editing by Jeffrey Benkoe Disclaimer: The views...Read More
BRUSSELS (Reuters) - Italy’s new prime minister opened his first European Union summit in bold style but ended it more meekly, yielding to a vague joint statement in which EU leaders offered little commitment to his demands on migration.Giuseppe Conte came to Brussels aiming to persuade other states to take in a share of the thousands of economic migrants landing in Italy from boats in the M...Read More
BRUSSELS (Reuters) - European Union leaders on Friday claimed success in reaching a hard-fought agreement to control immigration but it faced instant criticism as vague, hard to implement and a potential threat to human rights.Irregular migration has fallen steeply since 2015, when more than a million people entered the EU, but polls show it is still a top concern of the EU’s 500 million cit...Read More
BEIJING (Reuters) - China said on Friday that the United States should tell its airlines to change their websites to refer to self-ruled Taiwan as Chinese territory, after the United States said China had rejected requests for talks on the matter.China has demanded that foreign firms, and airlines in particular, begin referring to Taiwan as Chinese territory on their websites, along with Hong Kong...Read More
LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.1/ GAME OF TWO HALVESIt has been the worst first-half of a year for global stocks since 2010 as a mix of U.S.-China trade tensions, central banks turning off the money taps and cooling growth in Europe wiped a trillion dollars off MSCI&rsq...Read More