* Government supporters to press RBI at board meeting onNov. 19 * Government wants its economic priorities to be accepted byRBI * Govt officials prepared to risk RBI governor'sdeparture-sources * If Patel departs it is likely to roil financialmarkets-traders * Struggle will be a test of the powers of the RBIboard-sources By Manoj Kumar and Suvashree ChoudhuryNEW DELHI/MUMBAI, Nov 6 (Reuters) - The...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.HighlightsLargest quarterly exploration program in company historyThere were up to 20 drills at 10 properties, 5 operating mines, all in North AmericaReserve price assumptions to determine this year's reserve...Read More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today provided an update on its exploration programs during the third quarter.HighlightsLargest quarterly exploration program in company historyThere were up to 20 drills at 10 properties, 5 operating mines, all in North AmericaReserve price assumptions to determine this year's reserve...Read More
(Updates with production, Barrick vote)LONDON, Nov 6 (Reuters) - Randgold Resources said onTuesday third-quarter profit rose 25 percent on the previousquarter helped by lower costs a day before its shareholders voteon a $6.1 billion tie-up with Barrick Gold.The London-listed miner said profit for the period reached$73.2 million while cash costs fell 18 percent versus theprevious quarter to $181.6...Read More
Today marks the return of our Sound Bites feature where we will be highlighting distinct commentary and opinions from Howe Street radio and possibly some other sources. To kick things off, we look at recent exploration activity in the Spences Bridge Gold Belt which John Kaiser of Kaiser Research reviewed in his November 1st Discovery Watch.Click to listen to the interviewWesthaven Ventures (Sunny...Read More
As reported by Bloomberg, fund managers are cautioning against hoping that the US mid-term elections, which drop late Tuesday, could see a revival spark in Gold prices. Key highlights According to Franklin Templeton Investment's Stephen Land, concerns that the US Federal Reserve will pick up their pace of rate hikes will far overshadow any short-term action from the US midterm elections,...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The S&P 500 ended higher on Monday after closing Friday with a weekly gain of 2.4%, the index's biggest weekly increase since March.Verizon Communications Inc. (VZ) rose 0.9% after saying it would split its operations into three separate units as it moves into the 5-G arena.Amazon.com Inc. (AMZN) was dow...Read More
Base metals prices on the London Metal Exchange were predominantly lower at the close of trading on Monday November 5, topped by a continued downturn in lead's three-month price while aluminium was the only metal to trade in positive territory.Despite reaching an intraday high of $2,002.50 per tonne, the three-month lead price closed nearer to its October low of $1,915 per tonne, with last week's...Read More
Comex copper reversed lower to start the new week on Monday morning in the US, with a broad-based sell-off and political uncertainty keeping market participants on the sidelines.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 4.10 cents to $2.7720 per lb. On Friday, the contract touched a high of $2.8090 per lb, the highest level since Octobe...Read More
Easing supply tightness in the alumina market continues to put significant pressure on the fob Australia alumina index and traders expect prices to fall even further before the end of the year. The benchmark fob Australia daily alumina index has fallen back below $450 per tonne for the first time since June 2018. It was most recently assessed on Friday November 5 at $442.50 per tonne. Traders...Read More
Australian lithium spodumene producer Altura Mining shipped about 10,000 tonnes of lithium spodumene from Port Hedland in Western Australia to China in October 2018, the company has said.Altura announced on October 31 that it had despatched two cargoes each of around 5,000 tonnes of lithium spodumene to China, on October 9 and October 20. The material came from the company's Pilgangoora lithium mi...Read More
Australian lithium spodumene miner Neometals reported that it had achieved slightly higher production volumes in the July-September quarter in a results statement published on Wednesday October 31.Neometals increased its output by about 1.68%, producing 111,023 tonnes of lithium spodumene in the quarter, compared with 109,183 tonnes produced in April-June.Output of higher-grade lithium spodumene (...Read More
Easing supply tightness in the alumina market continues to put significant pressure on the fob Australia alumina index and traders expect prices to fall even further before the end of the year. The benchmark fob Australia daily alumina index has fallen back below $450 per tonne for the first time since June 2018. It was most recently assessed on Friday November 5 at $442.50 per tonne. Traders...Read More
Fastmarkets launched its China cobalt sulfate price in May 2018, with historical data dated back to March, tracking the price of this key electric vehicle battery material. Read More
Turkish steel mills were quiet in the scrap import market at the beginning of the week, with prices remaining firm, sources said on Monday November 5.After booking a number of cargoes in the past week, Turkish steel producers paused their deep-sea purchasing activity on Monday.The most recent bookings put the price for HMS 1&2 (80:20) at $341 per tonne cfr for material from the United States.In th...Read More
Turkish domestic auto bundle scrap prices have gone down in line with falling domestic rebar prices, while ship scrap prices have risen thanks to strong imported scrap values, sources said on Monday November 5.Fastmarkets' weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,750-1,940 ($322-357) per tonne delivered, widening downward from last week's TRY1,830-1,940 per tonne....Read More
The freefall in aluminium scrap prices could soon reach its bottom and stabilize, European secondary aluminium market participants told Fastmarkets this week.The combined impact of the trade war between the United States and China and fundamental changes in how the Chinese consume scrap has led to a flood of aluminium scrap entering the global market, pushing the price of some grades to...Read More
Gold isn't the only game in town, even though you'd never know it by watching late night TV. Here's what to know and what to consider if you'd like to invest in silver. What Does Investing In Silver Mean? Investing in silver means putting your money into the production, trading or outright ownership of silver metal. For most investors this means buying quantities of bullion in coin or bar form a...Read More
Comex copper reversed lower to start the new week on Monday morning in the US, with a broad-based sell-off and political uncertainty keeping market participants on the sidelines.The copper price for December settlement on the Comex division of the New York Mercantile Exchange fell 4.10 cents to $2.7720 per lb. On Friday, the contract touched a high of $2.8090 per lb, the highest level since Octobe...Read More
Fastmarkets launched its China cobalt sulfate price in May 2018, with historical data dated back to March, tracking the price of this key electric vehicle battery material. Read More