Equities sold off after the US Federal Open Market Committee (FOMC) suggested that its rate cut was simply a mid-cycle adjustment rather than the start of monetary easing.Metals followed them lower but better Chinese manufacturing purchasing managers' index (PMI) data may provide support.The US Dow Jones Industrial Average closed down by 1.23%China's Caixin PMI climbed to 49.9 in July from 49.4 in...Read More
Russian steel and vanadium producer Evraz's sales of final vanadium products in the second quarter rose by 29.7% on a quarterly comparison to 3.27 million tonnes, the company said in a trading update on Wednesday July 31. This was up from 2.52 million tonnes of pure vanadium produced in the first quarter of 2019. But sales were down 10.4% in the first half of 2019 to 5.78 million tonnes from 6.46...Read More
Steady demand failed to sustain the upward momentum for domestic stainless steel prices in China over the past week amid softening nickel futures.Fastmarkets' price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country's major market of Wuxi was 14,700-15,000 yuan ($2,135-2,179) per tonne including value-added tax for the week ended Wednesday July 31,...Read More
Peter Aaen is the new head of the Electrical Engineering Department at Colorado School of Mines.He joins Mines from the University of Surrey (UK), where he served as a reader - the British equivalent to full professor - in microwave semiconductor device modeling since 2013. In 2016, he was also appointed as director of the South of England branch of the National Physical Laboratory, the U.K.'s nat...Read More
Thickened tailings deposition for closureSPONSOREDsrk consultingNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsMy column last week drew attention to the consequences for gold miners of gold bullion inves...Read More
(Reuters Breakingviews) - The word most frequently used by Greeks to describe th...Read full newsRead More
Following a two day monetary policy meeting, the US Federal Reserve announced that it will cut interest rates by a quarter point.Read full newsRead More
NV Gold Corporation (TSXV:NVX, OTC:NVGLF) ("NV Gold" or the "Company") is pleased to announce that the Company will commence drilling at both the Slumber ("Slumber") and Frazier Dome ("Frazier") Gold Projects in August 2019.Read full newsRead More
The gold miners' stocks have surged dramatically this summer, catapulted higher by gold's major bull-market breakout. That atypical strength bucking the normal summer-doldrums slump has carried this sector right back to its traditional strong season. That begins with a robust autumn rally starting in late summers. This year's autumn-rally setup is very unusual, but investment buying could still fu...Read More
The gold miners' stocks have surged dramatically this summer, catapulted higher by gold's major bull-market breakout. That atypical strength bucking the normal summer-doldrums slump has carried this sector right back to its traditional strong season. That begins with a robust autumn rally starting in late summers. This year's autumn-rally setup is very unusual, but investment buying could still fu...Read More
Aug 02, 2019 Guest(s): Dambisa Moyo There is a serious mismatch between the long-term problems our society faces and the short-sightedness of our policy makers, according to New York Times best-selling author, Dambisa Moyo. "These long-term economic challenges from demographics, to income inequality, to natural resource scarcity, and issues around debt...these are long-term economic issues that...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down Friday, as President Donald Trump's recent threat to levy 10% tariffs on an additional $300 billion of Chinese imports overshadowed the latest U.S. jobs data. Shares of Nike (NKE - Get Report) were falling as Trump's China tariff threat hit the retail sector. Nike is Real Money's Stock of the Da...Read More
Aluminium billet in the United States on Friday August 2 traded at its lowest premium since 2017 due to weak demand, while premiums in Europe, Brazil and Thailand were flat in quiet trading conditions. US premium falls to lowest since February 2017No change in quiet European marketBrazilian market flat on weak economyThailand market unchanged due to stable supply US billet upcharge sinks to Februa...Read More
Three-month base metals prices on the London Metal Exchange were predominantly weaker at the close of trading on Friday August 2, with copper leading losses and falling by some 2.2% to reach its lowest level since June 2017 amid a sharp sell-off across the complex.Largely prompted by fresh tariff threats against China from United States president Trump, investors took caution and reduced risk-expo...Read More
Adam HamiltonArchivesAug 02, 2019 The gold miners' stocks have surged dramatically this summer, catapulted higher by gold's major bull-market breakout. That atypical strength bucking the normal summer-doldrums slump has carried this sector right back to its traditional strong season. That begins with a robust autumn rally starting in late summers. This year's autumn-rally setup is very unusual, bu...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday August 2. China UG2 chrome ore prices rose for the fourth consecutive week amid steady consumer demand.Transaction volumes were lower than in previous weeks, indicating that the recent surge in buying activity may be slowing.Domestic ferro-chrome spot prices remained stable following the release by...Read More
Trump tweeted that US officials had just returned from "constructive" talks with China, but again blamed China for backing out of a trade deal three months ago. He said while talks would continue, from September 1, the US would impose a 10% tariff on US$300 billion of goods being imported from China."We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal,...Read More
Ferrexpo (LSE: FXPO) said its revenue increased 28% year-on-year to US$787 million in the June quarter due to higher prices and an increase in sales. The company's underlying EBITDA was up 59% yoy to $372 million, and profit after tax was up 78% to $270 million.The company's declared interim ordinary dividend was up 100% year-on-year to 6.6c.Capital investment doubled to $114 million and its net d...Read More