Canada's First Quantum Minerals (TSX:FM) has scrapped plans to lay off 2,500 workers in Zambia over an increase in mining taxes, and has committed to extend talks with the southern African nation's government over the issue.The Toronto-based said last month it had exhausted all other avenues of cost reduction, adding the job cuts would be implemented in phases during the first three months of 2019...Read More
Canada's First Quantum Minerals (TSX:FM) has scrapped plans to lay off 2,500 workers in Zambia over an increase in mining taxes, and has committed to extend talks with the southern African nation's government over the issue.The Toronto-based said last month it had exhausted all other avenues of cost reduction, adding the job cuts would be implemented in phases during the first three months of 2019...Read More
All at once, storm clouds are gathering over the world economy. The International Monetary Fund has cut its estimates for global growth in 2019, citing concerns about weakness in Europe. China just had its slowest GDP growth since 1990, and President Xi Jinping reportedly has held secret meetings warning Communist Party leaders to prepare for "black swan" events that could derail China's economy....Read More
Chilean miner Antofagasta Plc. (LON:ANTO) ended 2018 on a very high note as it produced a record amount of copper in the final quarter of the year, which led it to post annual output at the higher end of its forecast.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, churned out 220,000 tonnes of the red metal in the three months to December, up 16% from the pr...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) ended 2018 on a very high note as it produced a record amount of copper in the final quarter of the year, which led it to post annual output at the higher end of its forecast.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, churned out 220,000 tonnes of the red metal in the three months to December, up 16% from the pr...Read More
Chilean miner Antofagasta Plc. (LON:ANTO) ended 2018 on a very high note as it produced a record amount of copper in the final quarter of the year, which led it to post annual output at the higher end of its forecast.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, churned out 220,000 tonnes of the red metal in the three months to December, up 16% from the pr...Read More
On November 14, 2018, CME bitcoin futures broke through the important $6,000 support level and lost more than 40 percent of their value in the next 12 days.On that same day, gold futures accelerated off their lows and began an explosive 9 percent rally higher.Bitcoin's sentiment-shift most probably fueled and accelerated the opposing move in gold.By Jim Iuorio At a Glance Among the two major...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold bullion bars and coins.Gold prices steadied on Wednesday, clawing back from losses made earlier in the session, as a recovery in stock markets fizzled out on concerns over geopolitical and economic uncertainty, triggering investors to seek safety in the metal.Spot gold fell 0.12 percent to $1,283.11 an ounce by 3:05 p.m. ET, havin...Read More
Barrick Gold Corp.'s full-year gold production was 4.53 million ounces for 2018 and full year gold sales of 4.54 million ounces, according to preliminary results announced Jan. 21.Read full newsRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce Mr. Raymond J. Roman has been appointed to the Board of Advisors.Mr. Roman's operational and managerial experience has spanned over 30 years, with various senior executive positions expanding his proficiency in wireless telecommunications and technology in the United States.Cu...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average slumped on Tuesday ending the blue chip index's four-day winning streak. The Dow rose 3% last week, the S&P 500 gained 2.9% and the Nasdaq jumped 2.7%.Johnson & Johnson (JNJ) posted stronger-than-expected fourth-quarter earnings and forecast a modest increase in full-year sales for 2019. The stock ...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Tuesday January 22, with gains limited by continued strength in the US dollar index, while low stocks and positive fundamentals failed to spur upward movements in prices.Aluminium futures continued to lead the complex in volumes traded over the afternoon, ending the day with more than 17,000 lots changing...Read More
Comex copper opened the four-day working week in the United States on weak footing on Tuesday January 22 morning, with the market awaiting clarification on US-China trade talks.The copper price for March settlement on the Comex division of the New York Mercantile Exchange tumbled $5.70 cents to $2.6620 per lb. There is a four-day week in the US this week following a public holiday for Martin...Read More
Fastmarkets MB has today discontinued four weekly tin spot premium assessments in Rotterdam, Singapore and Shanghai due to a lack of spot liquidity. The decision follows a month-long consultation period which did not receive any feedback. Therefore, Fastmarkets MB has discontinued the 99.85% tin ingot premiums in-warehouse Rotterdam and cif Shanghai and the 99.9% tin ingot premiums for standa...Read More
A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore.A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore. UG2 chrome ore climbs by $1 Domestic spot ferro-chrome prices holds in China; flat February tenders predicted Alloy prices soften in South Korea but unchan...Read More
Aggressive bidding and lower offer prices weighed on manganese ore prices in China, where inventories also fell sharply in the week ended Friday January 18. Manganese ore prices in China continue to fall Manganese ore stocks in China slump Ferro-manganese prices in Europe, China drop Silico-manganese price fob India falls Alloy prices stable in United States The manganese...Read More
The domestic ferro-silicon market in China recovered over the past week in line with tighter supply of the alloy. In Europe, ferro-silicon prices fell to lows last seen in August 2017 after suppliers reduced their offer levels to stimulate business in a slow spot market. Chinese domestic market bounces as supply tightens but production restarts may hamper recoveryEuropean market seen stabilizing i...Read More
The Fanya Exchange will auction 34.64 tonnes of indium stocks it holds in its warehouse at the end of the month, market sources told Fastmarkets on Tuesday January 22. Of the auctioned volume, 7.6 tonnes are stored in a Kunming warehouse of Changyue Feiping, a Chinese storage and logistics company, while the remaining 27.04 tonnes are in a local warehouse of Yunnan Postal Savings Bank. The stocks...Read More
The Turkish steel producers continued to show very little interest in deep-sea scrap trades because of the weak demand for finished steel in the country's export and domestic markets, sources said on Tuesday January 22.Although some mills have booked a few cargoes to replenish stocks over the past week, with escalating prices, most mills were trying to avoid scrap purchases until they see a recove...Read More
The Tuesday Market Minute Global stocks retreat for a second day on twin concerns for word economic growth in the form of a sharp China slowdown and reduced 2019 forecasts from the IMF.European stocks clipped by growth concerns and Brexit uncertainty as Prime Minister Theresa may attempts to revive her rejected exit deal.U.S. earnings take center stage this week with 60 S&P 500 companies rep...Read More