A new lithium technology could change the face of lithium production forever.Andrew Carnegie didn't invent the Bessemer converter, but used it to amass an incredible fortune producing steel at lower costs. What one simple machine can do for increasing production and lowering costs is staggering (think of the cotton gin).The lithium industry has been plagued with inefficiency and expensive producti...Read More
The Dow is heading toward its second-straight day of triple-digit gainsThe Dow Jones Industrial Average (DJI) is higher at midday after President Donald Trump indicated he could be flexible with the U.S.-China trade deal deadline. Adding to the bullish buzz are news Chinese President Xi Jinping will participate in trade negotiations with U.S. delegates later this week. The S&P 500 Index (SPX) and...Read More
* Japan's Mitsubishi Materials Corp cut its sales estimate of copper cathode at its Indonesia copper smelting unit, PT Smelting, by 32,000 tonnes from its November forecast to 237,000 tonnes for the year ending March 31, a spokesman said on Wednesday. Sales were 263,000 tonnes a year earlier.* The longer-than-expected maintenance late last year and slower ramp-up after the maintenance caused a red...Read More
* Japan's Mitsubishi Materials Corp cut its sales estimate of copper cathode at its Indonesia copper smelting unit, PT Smelting, by 32,000 tonnes from its November forecast to 237,000 tonnes for the year ending March 31, a spokesman said on Wednesday. Sales were 263,000 tonnes a year earlier.* The longer-than-expected maintenance late last year and slower ramp-up after the maintenance caused a red...Read More
Swedish mining and smelting firm Boliden reported fourth-quarter core earnings ahead of market forecasts on Wednesday, but proposed a total shareholder payout below analyst expectations.Operating profit, excluding revaluation of process inventory, fell to 2.00 billion Swedish crowns ($216 million) from 2.91 billion a year earlier, beating the 1.89 billion seen by analysts in a Reuters poll.The com...Read More
Swedish mining and smelting firm Boliden reported fourth-quarter core earnings ahead of market forecasts on Wednesday, but proposed a total shareholder payout below analyst expectations.Operating profit, excluding revaluation of process inventory, fell to 2.00 billion Swedish crowns ($216 million) from 2.91 billion a year earlier, beating the 1.89 billion seen by analysts in a Reuters poll.The com...Read More
Russia's Finance Ministry said on Wednesday that Russia had produced 314.42 tonnes of gold and 1,119.95 tonnes of silver in 2018.In the previous year, Russia's gold output was 306.9 tonnes and the country's silver output 1,044.3 tonnes.(By Darya Korsunskaya and Maria Tsvetkova; Editing by Alexander Smith)Read More
The February 55 call has been popular in recent weeksThe shares of Canopy Growth Corp (NYSE:CGC) are trading up 2.9% at $45.11 ahead of the Canada-based cannabis company's fiscal third-quarter earnings report, due tomorrow, Feb. 14. CGC stock plunged nearly 11% after the company's last quarterly report last November, but options traders appear to be bracing for a post-earnings breakout this time a...Read More
Vancouver-based Regency Gold (NEX: RAU.H) announced it has entered into a definitive agreement with Vanadium North Resources to acquire all of its issued and outstanding common shares, the main interest behind the buyout being the Valley of Vanadium project in the Northwest Territories.In a press release, the companies said that Vanadium North holds an option to acquire 100% of the Valley of Vanad...Read More
Vancouver-based Regency Gold (NEX: RAU.H) announced it has entered into a definitive agreement with Vanadium North Resources to acquire all of its issued and outstanding common shares, the main interest behind the buyout being the Valley of Vanadium project in the Northwest Territories.In a press release, the companies said that Vanadium North holds an option to acquire 100% of the Valley of Vanad...Read More
The "Call of Duty" stock has struggled on the charts since OctoberShares of Activision Blizzard, Inc. (NASDAQ:ATVI) are up 6.5% at $44.39 this morning, after the company reported fourth-quarter earnings and announced plans to cut up to 8% of its workforce -- confirming layoff rumors from earlier this week. The "Call of Duty" maker also unveiled a new buyback program of up to $1.5 billion, and iss...Read More
BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico, including additional oil in the Atlantis field. BP said the total cost of developing...Read More
South Africa's biggest labor group staged a nationwide protest against job losses Wednesday, the latest setback for an economy reeling from four days of rolling power cuts. The rand fell the most against the dollar among major currencies.The double blow comes at a terrible time for President Cyril Ramaphosa, who is gearing up to contest elections in May, is seeking to lure $100 billion in new inve...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Exelixis reported fourth-quarter earnings and revenue that exceeded analyst expectationsThe shares of Exelixis Inc. (NASDAQ:EXEL) shot higher out of the gate this morning, but were last seen down 0.7% at $21.53, even though the company reported fourth-quarter earnings and revenue that beat analysts' forecasts. The biopharmaceutical company cited strong sales of its cancer drug Cabometyx for the be...Read More
SNC-Lavalin Group Inc. bonds dropped after S&P Global Ratings cut the company's credit rating to the cusp of junk, the latest blow for the Canadian engineering firm at the center of a controversy that's ensnared Prime Minister Justin Trudeau.Risk premiums for the company's bonds due 2023, or the extra yield they pay compared with Canadian benchmark government securities, were quoted at more than 2...Read More
SNC-Lavalin Group Inc. bonds dropped after S&P Global Ratings cut the company's credit rating to the cusp of junk, the latest blow for the Canadian engineering firm at the center of a controversy that's ensnared Prime Minister Justin Trudeau.Risk premiums for the company's bonds due 2023, or the extra yield they pay compared with Canadian benchmark government securities, were quoted at more than 2...Read More
Brazil's government intends to make the mining giant Vale "private again" by selling its shares and pushing out quasi-state pension funds, a senior official said. Shares rose."Vale is a state company. Pension funds controlled by the government control Vale," Privatization Secretary Salim Mattar said on Wednesday at an event in Brasilia. "We're here to reprivatize Vale." "Vale is a state company....Read More
The drugmaker cited generic competition for CopaxoneThe shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) have plunged 10% out of the gate to trade at $17.17, after the generic drugmaker reported a fourth-quarter adjusted profit miss of 53 cents per share. And while revenue of $4.6 billion was slightly more than expected, the figure was 16% lower year-over-year due to increased generic comp...Read More
* Flooding likely to disrupt rail for at least a month -analyst* Glencore's Mt Isa zinc, lead transportation affected* Around 40 percent of Australia's zinc exported from TownsvilleFloods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday.T...Read More