Australia's Lucapa Diamond (ASX:LOM) said Thursday it had signed funding and refinancing arrangements that will allow it to reduce debt related to developing its recently commissioned Mothae mine in Lesotho, South Africa.The diamond producer has inked deals with New Azilian and Equigold, following the delivery and de-risking of Mothae, which began commercial production in December."These new r...Read More

Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company"), announces that it intends to complete a non-brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$2,000,000.The Corporation plans to issue up to 6.67 million units (the "Units") at a price of CA$0.30 per Unit. Each Unit consists of one common share and one tra...Read More

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Gold price is driven by US bond yields, Fed interest rate expectations, and the US dollar - not supply and demand.Read full newsRead More

Published 23 Hours AgoUpdated7 Hours AgoReuters Getty ImagesGold eased on Thursday, touching a near ten-week low earlier in the session and pressured by a firm dollar on the back of gold-positive U.S. jobs data, while investors awaited clarity on the U.S.-China trade talks.Spot gold was down 0.2 percent at $1,287.56 an ounce, having earlier touched its lowest since Jan. 25 at $1,280.59. U.S. gold...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed up, boosted by a report that U.S. and China have resolved most of their trade agreement issues. Advanced Micro Devices (AMD - Get Report) and Micron Technology (MU - Get Report)  rose following a report that Taiwan Semiconductor Manufacturing  (TSM - Get Report) would boost its...Read More

A crimp in London Metal Exchange zinc supply continues to fuel price action above $2,900 per tonne on Wednesday April 3, while a small contango in the copper nearby spread is contributing to increased buying. The three-month zinc price continues to trade near the $3,000 per tonne mark. The metal's cash/three-month spread was recently in a backwardation of $70 per tonne, with the current spread hea...Read More

The estimated arbitrage for shipping aluminium from warehouses in Asia to the United States narrowed in March following a large rise in US river barge prices and slightly softer aluminium premiums in the region. The cost to ship metal via barge from New Orleans up the Mississippi and Ohio rivers to Owensboro have increased around $5 per tonne to nearly $21.50 per tonne. "Spot barge rates are the s...Read More

Weak demand pushed European premiums down in the week ended Tuesday April 2 even though restored Indonesian supply is less than before; meanwhile, overseas firms sold aggressively into the United States bringing down the premiums there and China's tin market saw no change. European low-lead premium drops 10% week on week.  Bargain tin was available in Baltimore after US suppliers were underc...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Turkish steel producers continued to stay away from the deep-sea scrap markets due to domestic political instability and weak demand for finished steel, sources said on Wednesday April 3.The lowest offer for HMS 1&2 (80:20) was heard at $315 per tonne cfr from a Baltic Sea supplier but the mills did not want to pay any higher than $305 per tonne, Fastmarkets was told.The mills were also waiting fo...Read More

The Wednesday Market Minute Global stocks hit a six-month high as stronger China data, as well a potential Brexit breakthrough, boosts investor sentiment.U.K. Prime Minister Theresa May will ask for a second Brexit extension as she vows to reach across the aisle to cut a non-partisan agreement that would avoid a damaging no deal Brexit for the world's fifth largest economy.Brent crude prices tes...Read More

Three-month base metals prices on the London Metal Exchange were firmer during morning trading on Wednesday April 2, up by an average of 0.4% - further evidence of a recovery in China's economy seems to be providing support.Nickel once again led the way with a 0.7% rise on Wednesday, with the metal's three-month price recently quoted at $13,255 per tonne, up from Tuesday's close at $13,165 per ton...Read More

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis.Fastmarkets MB prices Click here for Fastmarket MB's price assessment for coba...Read More

Demand for flat steel in Turkey failed to improve in March and most prices went downward, with demand unlikely to improve significantly in April, market participants told Fastmarkets on Wednesday April 3.Local producers have filled their order books until late May, they added.The price decreases in March were because of the weak demand in both local and export markets.Mayoral elections were held a...Read More

China's hot-rolled coil market was largely steady on Wednesday April 3, though exporters have started to adopt different strategies amid domestic prices gains and weak demand from abroad.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($577-579) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, unchangedPrices in Shanghai rose during the day, even though tradi...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday April 3 that are worth another look.The United States' non-ferrous scrap export market was mixed in January, with shipments of aluminium scrap rising while those of copper scrap fell slightly compared with the same month last year.In base metals, the estimated arbitrage for shipping aluminium from warehouses in Asia...Read More

The price range for rebar produced and delivered in Northern Europe widened downward by ?,?5 per tonne amid sluggish demand and cautious buying activity, sources told Fastmarkets on Wednesday April 3.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?535-550 ($599-616) per tonne delivered on Wednesday, down from ?,?540-550 per tonne delivered on March 27."There has n...Read More

The price for rebar produced and delivered in Southern Europe has fallen by ?,?5-30 per tonne over the past week due to softer demand, market participants told Fastmarkets on Wednesday April 3.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe fell to ?,?485-515 ($543-577) per tonne delivered on Wednesday, down from ?,?515-520 per tonne delivered on March 27."The Spanish ma...Read More

Turkish steel producers continued to stay away from the deep-sea scrap markets due to domestic political instability and weak demand for finished steel, sources said on Wednesday April 3.The lowest offer for HMS 1&2 (80:20) was heard at $315 per tonne cfr from a Baltic Sea supplier but the mills did not want to pay any higher than $305 per tonne, Fastmarkets was told.The mills were also waiting fo...Read More