* FTSE 100 up 0.4 pct * FTSE 250 up 0.6 pct * Oil majors, financials lead gains* TUI jumps on analyst rating upgrade* Anglo American, CRH fall on ex-dividend trading * Just Group tanks after equity raising plans * Marshalls hits life high on upbeat results (Updates with closing prices)By Shashwat Awasthi and Muvija MMarch 14 (Reuters) - UK shares bagged another session ofgains as financials cheere...Read More
* Another Brexit votes loom * Goldman Sachs more optimistic * Leonardo top gainer after results * Lufthansa, autos falls (Adds closing prices, details)By Julien Ponthus and Helen ReidLONDON, March 14 (Reuters) - European shares rose to afive-month high on Thursday, boosted by strength in the bankingsector after Britain's parliament voted to reject a disorderlyBrexit.Sentiment improved from cautiou...Read More
Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Let??eng mine in Lesotho last month for $8.8 million.The high-quality pink colour type I diamond sold at a tender in Antwerp, Belgium, achieving a record price per carat of almost $657,000.Let??eng mine is well-known for yielding some extraordinary diamonds, such as the 910-carat "Lesotho Legen...Read More
Africa-focused Gem Diamonds (LON:GEMD) has sold a 13.33 carat pink diamond recovered at its flagship Let??eng mine in Lesotho last month for $8.8 million.The high-quality pink colour type I diamond sold at a tender in Antwerp, Belgium, achieving a record price per carat of almost $657,000.Let??eng mine is well-known for yielding some extraordinary diamonds, such as the 910-carat "Lesotho Legen...Read More
Pakistan's military is taking a key role in the development of one of the w...Read full newsRead More
Pan African Minerals, a unit of Timis Mining Corp., won't resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company's $2.2 billion claim against the West African nation.Tambao, one of the world's largest manganese mines, was forced to halt activities in 2015 following a change in leadership in Burkina Faso. The company then asked the Inter...Read More
Pan African Minerals, a unit of Timis Mining Corp., won't resume production at its Tambao mine in Burkina Faso as a Paris-based arbitration court has dismissed the company's $2.2 billion claim against the West African nation.Tambao, one of the world's largest manganese mines, was forced to halt activities in 2015 following a change in leadership in Burkina Faso. The company then asked the Inter...Read More
Barrick Gold is dropping its takeover bid for Newmont Mining as the two companies agree to form a joint venture to combine their Nevada mining operationsRead full newsRead More
The venture, which replaces a hostile takeover bid by Barrick, could produce synergies of $4.7 billion without the integration issues of a merger. It may have been what both companies were looking for all along.Read full newsRead More
Gold jumped to 4-hour 200-candle moving average (MA) of $1,311 earlier today, as expected, but failed to take out the key hurdle and is currently trading at $1,308. The hourly chart relative strength index (RSI) has rolled over from the overbought territory, creating lower highs in favor of the bears. Meanwhile, rejection at the 200-candle MA has strengthened the bearish case put forwa...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up Wednesday amid uncertainty about Brexit and the grounding of Boeing's (BA) 737 MAX 8 jets by the United States and many other countries. Roku (ROKU) dropped 14.1% after the stock was downgraded to sell from hold by analysts at Loop Capital, who left the price target unchanged at $45. Oaktr...Read More
Aluminium was one the best performers on the London Metal Exchange on Wednesday March 13, because of stock outflows from LME sheds.The price of the three-month aluminium contract was up by $28 per tonne to $1,905 per tonne at the close of trading on Wednesday.Around 7,425 tonnes of aluminium left LME warehouses on Wednesday, with most of the outflows from Port Klang, Singapore and Rotterdam. Overa...Read More
Skorpion Zinc's refinery in Namibia has to suspend its operations for five weeks on a lack of raw material feed following a mine strike, while the delivery of certain exports will have to be delayed, Fastmarkets has learned.The Namibian operation, Africa's largest integrated zinc operation, has run out of zinc oxide ore as a result of a strike at its mine that started on February 22, parent compan...Read More
Chinese and European zinc premiums fell over the past week amid lackluster demand and disappointing spread structures between the London Metal Exchange and Shanghai Futures Exchange, while the Indian lead premium slid after increased availability of Iranian units in the spot market. The zinc premium in China moved down amid muted import demand in line with worsening import conditions and an oversu...Read More
Skorpion Zinc's refinery in Namibia has to suspend its operations for five weeks on a lack of raw material feed following a mine strike, while the delivery of certain exports will have to be delayed, Fastmarkets has learned.The Namibian operation, Africa's largest integrated zinc operation, has run out of zinc oxide ore as a result of a strike at its mine that started on February 22, parent compan...Read More
Market participants are confident of an increase in the monthly ferro-chrome tender prices offered by major Chinese stainless steel mills for April but warned of a possible downswing thereafter, Fastmarkets heard at its 20th Asian Ferro-alloys Conference in Hong Kong on March 10-12."Chinese mills will certainly raise their April tender prices [for ferro-chrome], and the only question is by how muc...Read More
The nickel market will hold a marginal deficit until 2021 after which the deficit is expected to expand again, Alex Khodov, principle nickel market analyst from Norilsk Nickel, said at Fastmarkets' 20th Asian Ferro-alloys conference in Hong Kong this week. In the near term, the global nickel deficit will narrow due to nickel pig iron (NPI) production ramp-ups in China and Indonesia and the resumed...Read More
After the ferro-alloys industry gathered in Hong Kong this week for Fastmarkets' Asian Ferro-alloys conference, our reporters present 10 of the key things we learned. 1. Vanadium is likely to regain momentum in 2019... Many market participants at the conference were bullish about ferro-vanadium in 2019, citing robust demand as a result of the revised rebar standard in China, which mandated an incr...Read More
The manganese ore market is likely to remain stable over 2019 after the previous two years of volatility, though profitability is liable to shrink, according to panelists at Fastmarkets' Asian Ferro-alloys conference in Hong Kong on Monday March 11."The market is less volatile compared to the last two years because while supply has gone up, demand has gone up too," Lei Fei, China Minmetals Corpora...Read More
Key data from the Wednesday March 13 pricing session in Europe. Key drivers The recent rally in the European ferro-titanium price shows no sign of ending, with buying inquiries reported from within Europe and beyond, such as the United States. Renewed consumer demand for second-quarter delivery settlements has combined with short covering for both prompt and longer term demand amid a potenti...Read More