* Quotas set at 2015-2017 average imports, plus 5 pct* Tariffs of 25 pct apply if quotas are filled* Steel group welcomes move, carmakers don'tThe European Union will impose limits on steel coming into the bloc from Saturday in response to U.S. President Donald Trump's metals tariffs, a filing in the European Union's official journal said on Friday.Steel imports will be subject to quotas to counte...Read More
Excelsior Mining Corp. of Vancouver is developing the Gunnison in situ copper project in Cochise County for production beginning in Q4 2019. Work is progressing on all fronts.The Gunnison project has always been easily accessible. Thanks to the new road south of highway I10, the production wellfield is as well. The property has direct access to road, rail, power and water.Excelsior has five rigs o...Read More
Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More
Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More
Excelsior Mining Corp. of Vancouver is developing the Gunnison in situ copper project in Cochise County for production beginning in Q4 2019. Work is progressing on all fronts.The Gunnison project has always been easily accessible. Thanks to the new road south of highway I10, the production wellfield is as well. The property has direct access to road, rail, power and water.Excelsior has five rigs o...Read More
Excelsior Mining Corp. of Vancouver is developing the Gunnison in situ copper project in Cochise County for production beginning in Q4 2019. Work is progressing on all fronts.The Gunnison project has always been easily accessible. Thanks to the new road south of highway I10, the production wellfield is as well. The property has direct access to road, rail, power and water.Excelsior has five rigs o...Read More
Vancouver's Tudor Gold Corp has outlined what it calls "Goldstorm," a new zone at the Treaty Creek property in the Golden Triangle. Treaty Creek, in which Tudor has a 60% interest and is the operator, borders Seabridge Gold's KSM project to the southwest and Pretium Resources' Brucejack mine to the southeast.Drilling northeast of the Copper Belle zone, Tudor originally thought that the zone was an...Read More
Blue chips Exxon and Chevron are higher after earningsThe Dow Jones Industrial Average (DJI) is continuing to ride tailwinds from this morning's bang-up jobs report. Positive earnings reactions for blue-chip energy stocks is fueling upside, too, with the Dow up almost 165 points at midday. Traders also digested a strong Institute for Supply Management (ISM) manufacturing purchasing managers index...Read More
Not all machines are made equal.Komatsu Ltd. and Hitachi Construction Machinery Co.'s earnings reports this week gave investors reason to breathe a sigh of relief. Meanwhile factory-automation giant Fanuc Corp. offered more reason for worry, after the company cut its operating-income outlook for the year by 36 percent on Thursday.We've made the case for the divergence among equipment manufacturers...Read More
A natural gas supply disruption forcing Michigan residents to lower thermostats and automakers to suspend operations could bolster President Donald Trump's effort to keep coal plants operating possibly by invoking national security powers.The episode began Wednesday when a fire at a compressor station cut off the flow of natural gas from the facility. That prompted Michigan Governor Gretchen Whitm...Read More
• The precious metal reversed an early dip to its immediate confluence support - comprising of 50-hour EMA and ascending trend-line support held since the beginning of this week. • Technical indicators on hourly charts maintain their bullish bias and have already eased from overbought territory, supporting prospects for additional intraday gains. &nb...Read More
Precious metals refiner Asahi has won an auction for the assets of bankrupt Miami-based refiner Republic Metals Corporation (RMC), outbidding its Swiss rival Valcambi, three sources familiar with the matter said on Friday.RMC was one North America's largest precious metals refineries before it filed for bankruptcy in November.Asahi won the auction in a New York bankruptcy court on Thursday with a...Read More
Precious metals refiner Asahi has won an auction for the assets of bankrupt Miami-based refiner Republic Metals Corporation (RMC), outbidding its Swiss rival Valcambi, three sources familiar with the matter said on Friday.RMC was one North America's largest precious metals refineries before it filed for bankruptcy in November.Asahi won the auction in a New York bankruptcy court on Thursday with a...Read More
The social media stock is pacing for its longest win streak in monthsThe shares of Snapchat parent Snap Inc (NYSE:SNAP) are higher this morning, after analysts at Cascend Securities upgraded the stock to "hold" from "sell" ahead of earnings next week. The brokerage firm said the company's Snapchat redesign "nightmare" is over, with the app's Android ratings on the rebound. At last check, SNAP stoc...Read More
Commodities love a tragedy.Last week's burst of a tailings dam at a Vale SA iron ore mine in Brazil's Minas Gerais state has left close to a hundred, and possibly approaching 400, people dead. Far from wilting at the news, iron ore has been surging - up 12 percent in the last five days, its biggest five-day jump in about 18 months.That seeming cold-heartedness is only natural. Vale produces about...Read More
* Xinfa Group, one of China's top aluminium producers, has reduced output at its alumina plant in southern China's Guangxi region due to tight bauxite supply, according to a company official and a consultancy.* Production has been reduced by 500,000 tonnes on an annual basis, said the Xinfa official, who put the plant's total capacity at 3 million tonnes per year.* Consultancy Baiinfo said the dai...Read More
DECK is pacing for its best session since 2017The shares of Deckers Outdoor Corp (NYSE:DECK) are soaring this morning, up 9.6% at $140.78 -- and earlier touching a record high of $146 -- after the company announced earnings and revenue that beat analysts' expectations for its fiscal third quarter. The company also issued upbeat full-year guidance. Today, DECK is pacing for its best day since May 2...Read More
* Chinese premiums rise to $10-$12 an ounce* No import duty cut in India's budget* Weak currency keeps demand subdued in Hong Kong* Japan offers discount for first time in 20 weeksDemand for physical gold gathered pace in top consumer China ahead of the Lunar New Year holiday, while activity was muted in India as jewellers held off on purchases in anticipation of the country's budget presentation...Read More
Gold prices are acting as a tailwind.KGC is likely to deliver a strong Q4 when it announces results in mid-February.The long-term outlook will depend on the company's operational performance delivered in-line with targets, and a sustained improvement in gold prices.The technical price chartand analysts' recommendations also indicate a buy at current prices.When I last wrote on Kinross Gold (KGC),...Read More
In the aftermath of Brazil's deadliest mine disaster, a nasty and familiar feud has broken out.Green groups and community activists blamed avaricious industrialists, free-market fundamentalists and their official enablers for gutting safety protocols that led to last week's collapse of a tailings dam at Vale SA's Feijao iron ore mine, in Minas Gerais state, which has claimed at least 110 lives, wi...Read More