* Q3 net loss of 40.5m euro, EBIT down 82 pct* Price pressure seen increasing* CEO warns against protectionist measures* Shares down 5.6 percentSpecialty steelmaker Voestalpine expects further downward pressure on earnings from a slowing European economy, it said on Thursday after a swing to a quarterly loss knocked 5 percent off its share price.The European steel sector is navigating choppy water...Read More

* Global steel demand see up 0.5-1.0 pct in 2019* Excluding China, sees demand up 2-3 pct* Dividend doubled to $0.20, share buyback of $113 mln* Shares down 3 pct on steel price concernsArcelorMittal, the world's largest steelmaker, forecast on Thursday a moderate expansion in global steel demand in 2019 after a healthy market drove its 2018 earnings to their highest in a decade.But its shares sli...Read More

Oil prices are pulling back todayThe Dow Jones Industrial Average (DJI) is sharply lower at midday. Global economic concerns initially sent the index down triple digits, and losses were exacerbated after White House economic advisor Larry Kudlow told Fox Business there is "sizable difference" between the U.S. and China on any sort of trade deal. Additionally, a CNBC report suggested a meeting bet...Read More

It's already been a wild day on the charts for Turtle Beach stockThe shares of video game headset maker Turtle Beach Corp (NASDAQ:HEAR) made a big move out of the gate today, after the company told investors it's expecting to report strong results for the fourth quarter and 2018 as a whole. In the release, CEO Juergen Stark cited growing market share in North America as one reason for the success....Read More

Latest dollar rally threatens to undermine gold's currency component.A temporary pullback in the gold price is overdue and probably needed.Record central bank demand, however, will keep gold's recovery intact.The last few months have been extremely rewarding for gold investors. The gold price gained 10% from its August 2018 lows and with hardly a pullback along the way. After this impressi...Read More

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Russian steelmaker MMK expects steel output to remain broadly unchanged this year, the company's chief financial officer Andrey Eremin said on a conference call on Thursday.He added that the company sees no reason to change its existing policy with respect to its fourth-quarter dividend recommendation, which he said the company's board of directors is due to announce tomorrow.Speaking about foreca...Read More

* Q4 underlying profit down 85 pct* Brazil restrictions hit profit* Timing on resuming full Alunorte output uncertain* Macroeconomic uncertainty could sap 2019 demandNorwegian metals producer Norsk Hydro warned it would miss its 2019 savings targets after falling far short of fourth-quarter earnings forecasts due to restricted output in Brazil, sending shares down 8 percent to their lowest in two...Read More

An India state will give gold worth about $530 to every bride from a poor family, the latest budget giveaway ahead of a general election that must be held by May.The northeastern state of Assam is run by Prime Minister Narendra Modi's Hindu nationalist Bharatiya Janata Party (BJP), which is facing a battle for re-election because of low farm incomes and a lack of jobs that have turned off some of...Read More

Brazil's mining agency plans to ban upstream tailings dams used for storing mining waste, a director at the National Mining Agency (ANM) said on Thursday, after such a dam burst last month, likely killing at least 300 people.It was not immediately clear what kind of deadline the dam operators would face to take down or convert the damsEduardo Le??o, a director at ANM, said the agency aims to issue...Read More

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The company just posted a profit for the first time in five quartersThe shares of GoPro Inc (NASDAQ:GPRO) are up 2.4% at $5.27 in early market trading, after the company announced fourth-quarter earnings and revenue that beat analysts' expectations. This is the first time in five quarters that the company has reported a profit, and CEO Nicholas Woodman said, "With this momentum and a continued foc...Read More

The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot, said more than 20 people were still stuck underground at the mine in Middelburg and are presumed dead."As...Read More

The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot, said more than 20 people were still stuck underground at the mine in Middelburg and are presumed dead."As...Read More

According to the January 31st IIROC short-selling report published Tuesday, the short-selling position at Badger Daylighting (Sunny; BAD) stands at 1.94% of the company's float (estimated shares outstanding available for trading), up 0.014% from where it was in the January 15th report. Short-sellers may have their work cut out for them, however, as insider commitment at the firm remains strong. O...Read More

Ontario's Government for the People is supporting Indigenous training and employment in Sault Ste. Marie's information technology (IT) sector, creating 57 full-time jobs.Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced PLATO Testing is receiving more than $1.2 million to deliver IT training focused on preparing Indigenous people to be...Read More

Canada's Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia's South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.Each company will contribute an additional $1 million for exploration at the Upper Kobuk Mineral Projects (UKMP), in addition to the $18....Read More

Canada's Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia's South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.Each company will contribute an additional $1 million for exploration at the Upper Kobuk Mineral Projects (UKMP), in addition to the $18....Read More

Canada's Trilogy Metals (TSX, NYSE: TMQ) is upping the exploration budget for its projects in Northwest Alaska, after its partner Australia's South32 (ASX, LON:S32) agreed to equally fund a program along the Ambler volcanogenic massive sulphide (VMS) belt.Each company will contribute an additional $1 million for exploration at the Upper Kobuk Mineral Projects (UKMP), in addition to the $18....Read More

* LME has 39 responses to consultation on responsible sourcing* NGOs say LME plan short-sighted and irresponsibleFourteen non-governmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed.Cobalt is a key ingredient in the batteries that power electric vehicles, a f...Read More