Along with 25 names to beware of Markets are closed at the end of this week for Good Friday, as many get ready to celebrate Easter over the weekend. So, it's a good time to see how stocks have tended to perform around the holiday. Also, I found an interesting stat on what Easter means for the rest of the year, and finally, I'll list the best and worst stocks in the week following Easter.Stocks Per...Read More
Mabiza Resources and its major investor, London-based Consolidated Nickel Mines (CNM) announced that operations have been resumed at the Munali nickel mine in southern Zambia.The restart is taking place following a $50-million refurbishment that included the re-engineering of all key technical aspects of the project, from reinterpreting the orebody and changing the mining method, to revising the m...Read More
Highland Gold Mining Limited (LON:HGM) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of HGM, it is a depend...Read full newsRead More
* Economy Minister Altmaier presents spring forecast * Berlin sees growth of 0.5 pct in 2019, 1.5 pct in 2020 * Trade disputes, Brexit weighing on economy * Government to pour billions in R&D incentives (Adds president of Ifo institute)By Michael NienaberBERLIN, April 17 (Reuters) - The German government is eyeingincentives to boost corporate research and development aftercutting its forecast...Read More
Lumina Copper has halted operations at its Caserones mine, in Chile's northern Atacama region, following the death of one of its contractors.The company, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miners Mitsui Mining and Mitsui Co., said the fatal accident happened on Tuesday afternoon outside the truck shop.Lumina noted the cause of the accident...Read More
Lumina Copper has halted operations at its Caserones mine, in Chile's northern Atacama region, following the death of one of its contractors.The company, majority-owned by Japan's top smelter, JX Nippon Mining & Metals, in conjunction with fellow miners Mitsui Mining and Mitsui Co., said the fatal accident happened on Tuesday afternoon outside the truck shop.Lumina noted the cause of the accident...Read More
* FTSE 100 about flat* FTSE 250 down 0.3 pct * Mining shares hit as Vale set to reopen Brazilian mine * Bunzl plunges after first-quarter update * Mediclinic surges on mid-caps (Adds company news items, updates to closing prices)By Muvija M and Samantha MachadoApril 17 (Reuters) - Britain's FTSE 100 was off itssix-month high as a fall in miners over Vale's plans to reopen amajor Brazilian mine off...Read More
Botswana's state-run Okavango Diamond Company unveiled on Wednesday what is believed to be the largest blue diamond ever discovered in the southern African country, which is one of the world's top producers.The 20.46-carat, oval-shape fancy precious rock has been named "The Okavango Blue" in honour of the Okavango Delta, the country's wildlife-rich world heritage site.From all coloured diamonds, b...Read More
Botswana's state-run Okavango Diamond Company unveiled on Wednesday what is believed to be the largest blue diamond ever discovered in the southern African country, which is one of the world's top producers.The 20.46-carat, oval-shape fancy precious rock has been named "The Okavango Blue" in honour of the Okavango Delta, the country's wildlife-rich world heritage site.From all coloured diamonds, b...Read More
Highland Gold Mining Limited (LON:HGM) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of HGM, it is a depend...Read full newsRead More
Published 23 Hours AgoUpdated7 Hours AgoReuters Leonhard Foeger | ReutersGold eased on Wednesday, holding near the 2019 lows touched in the previous session, as economic growth data from China assuaged concerns about global growth and drove investors into riskier assets.Spot gold dipped 0.1 percent to $1,274.43 per ounce as of 12:40 p.m., after having fallen as much as 1.2 percent to $1,272.70, i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose Tuesday, getting a boost from Johnson & Johnson (JNJ - Get Report) , which posted strong first-quarter earnings, but gains were capped on a slump in shares of UnitedHealth Group (UNH - Get Report) . UnitedHealth, the giant health insurer, tumbled even after beating Wall Street's first-quarter earning...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 16.Please click...Read More
Fastmarkets research led a bullish charge on the London Metal Exchange lead cash price, projecting it to rise as high as $2,200 per tonne in the fourth quarter of 2019 at the International Lead & Zinc Conference on Tuesday April 16, 2019.Despite waning demand for the heavy metal in the face of ecological concerns, Fastmarkets research has adopted a bullish stance for the material in the short term...Read More
The three-month zinc price on the London Metal Exchange fell by more than 3% at the close of trading on Tuesday April 16, settling just above $2,800 per tonne while fresh inflows did little to narrow a wide backwardation in the metal's nearby spreads. Zinc's nearby cash/three-month spread was most recently in a backwardation of $89 per tonne, with inflows of more than 14,000 tonnes into European w...Read More
Copper concentrate treatment and refining charges (TC/RCs) for Asia Pacific fell to their lowest in at least six years, squeezed by the smelter consumption ramp-ups and against a backdrop of tightening supply.Fastmarkets' cif Asia-Pacific spot copper concentrate TC/RC index was calculated at $62.10 per tonne/6.21 cents per lb on April 15, down from $66.70 per tonne/6.67 cents per lb in late M...Read More
Fastmarkets' alumina index fob Australia fell to its lowest in over two months on April 16 due to continued extra cargoes in the market and positive news surrounding Alunorte's restart.The daily fob Australia alumina index fell to $354.85 per tonne today, down 3.9% from the previous day and 11.3% lower week on week from when the index was at $411.29 per tonne.Key driversIndex pushes lower after a...Read More
The UG2 chrome ore price fell again on Friday April 12 after activity lessened due to market participants waiting for Chinese mills' next ferro-chrome tender releases; meanwhile falling demand pushed down the high-carbon ferro-chrome assessment in Europe. UG2 and Turkish lumpy ore prices in China drop Domestic alloy price in China weakens Alloy markets in Japan, South Korea, Europe fa...Read More
If you aren't already betting on metals and mining stocks, you ought to consider doing so now. A likely rebounding Chinese economy should help boost demand for metals and materials, which in turn should help further lift the mining stocks, such as those held in the iShares MSCI Global Metals & Mining Producers (PICK - Get Report) exchange-traded fund. The sector faces "a 'G...Read More
Turkish steel producers resumed their deep-sea scrap purchases on Tuesday April 16 at slightly higher prices, but it was still unclear in which direction the market was moving, sources said.A steel mill in the Iskenderun region booked a European cargo late on April 15, comprising 17,500 tonnes of HMS 1&2 (75:25) and 7,500 tonnes of bonus at an average price of $308 per tonne cfr.The cargo was sche...Read More