* Shanghai Aluminium: https://tmsnrt.rs/2R5GRfD* Global Aluminium Output: https://tmsnrt.rs/2QW8g3uLONDON - The Shanghai aluminium price hit its lowest level since October 2016 on Wednesday.At a current 13,700 yuan per tonne the most active contract on the Shanghai Futures Exchange (ShFE) is down by 13 percent from the start of January.The London Metal Exchange aluminium price has also been under...Read More

(Kitco News) - Gold andsilver prices are posting good gains and are near daily highs inlate-morning trading Wednesday. Some chart-based buying has occurred, includingbuy stop orders being triggered in the futures markets, when both metals pushedto new weekly highs. Also, a weaker U.S. dollar index on this day is a bullish"outside market" factor working in favor of the metals market bu...Read More

GENEVA (Reuters) - The United States and opponents of President Donald Trump’s steel and aluminium tariffs both confirmed their wish to litigate on Wednesday, triggering the procedure for World Trade Organization dispute hearings, a Geneva trade official said.China, the European Union, Canada, Mexico, Norway, and Russia all confirmed they would escalate their disputes by starting adjudicatio...Read More

Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More

ROME, Nov 21 (Reuters) - Deputy Prime Minister Luigi Di Maio said on Wednesday the government shared the European Commission’s belief that Italy must cut its public debt, and intended to convince Brussels that the only way to do so was by supporting economic growth.“We and (the Commission) want the same thing: to reduce the debt,” Di Maio said on Facebook after the EU executive l...Read More

WASHINGTON (Reuters) - The Group of 20 industrialized nations is drafting a communique that will exclude an explicit pledge to fight protectionism, which could help avoid a repetition of friction between U.S. President Donald Trump and world leaders at last year’s summit, the Financial Times reported on Wednesday.The draft communique obtained by the FT calls for countries to keep markets ope...Read More

MYL has run into familiar resistance at its 160-day trendlineThe shares of Mylan N.V. (NASDAQ:MYL) are down 0.6% to trade at $33.70 this morning, after the drugmaker disclosed a warning letter from the Food and Drug Administration (FDA) dated Nov. 9, detailing concerns about conditions at afacility in West Virginia. Cantor Fitzgerald maintained its price target of $41, saying this is a "negative...Read More

LUSAKA - Zambia's annual copper output rose 10.4% in September to 631,359 tonnes, the central bank in Africa's second-biggest producer of the industrial metal said on Wednesday.Some mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), Canada's First Quantum Minerals, Glencore, Barrick Gold and Vedanta Resources.(By Chris Mfula;...Read More

LONDON (Reuters) - One of Britain’s biggest pension funds has joined other investors, law firms and trade bodies in raising concerns about plans to give the government more power to scrutinize takeovers and other deals on security grounds, documents seen by Reuters showed.The Universities Superannuation Scheme (USS), which owns stakes in Heathrow airport and the company behind utility Thames...Read More

(Kitco News) - Recent record-high palladium prices won’t necessarilymean increased supply since the bulk of the metal is mined alongside othermetals, meaning limited reaction to its own price picture, says Metals Focus.The consultancy said Tuesday that it looks for globalpalladium production to decline by 2% to 6.7 million ounces next year.There is an old commodity market adage saying tha...Read More

(Kitco News) - Recent record-high palladium prices won’t necessarily mean increased supply since the bulk of the metal is mined alongside other metals, meaning limited reaction to its own price picture, says Metals Focus.The consultancy said Tuesday that it looks for global palladium production to decline by 2% to 6.7 million ounces next year.There is an old commodity market adage saying...Read More

(Kitco News)- Goldprices are holding on to modest gains, following the news that U.S. consumersbought slightly more pre-existing homes in October, according to the latestreport from the National Association of Realtors (NAR).Wednesday,existing home sales increased 1.4% last month to a seasonally adjusted andannualized rate of 5.22 million units, compared to September's annualized rateof 5.15 milli...Read More

One of Barrick Gold Corp.'s most senior executives, who held various high-profile roles at the company from Nevada to Tanzania, has left the company as it prepares to complete its merger with Randgold Resources Ltd.Richard Williams served as Barrick's chief of staff and later chief operating officer. A former commander in Britain's Special Air Service, he was assigned in February to work full-time...Read More

One of Barrick Gold Corp.'s most senior executives, who held various high-profile roles at the company from Nevada to Tanzania, has left the company as it prepares to complete its merger with Randgold Resources Ltd.Richard Williams served as Barrick's chief of staff and later chief operating officer. A former commander in Britain's Special Air Service, he was assigned in February to work full-time...Read More

FL's profit, revenue, and comparable sales all beat estimatesThe shares of Foot Locker, Inc. (NYSE:FL) are signaling a strong session, after the retailer reported stronger-than-expected third-quarter adjusted profit of 95 cents per share on $1.86 billion in revenue -- more than analysts were anticipating. FL also said same-store sales surged 2.9% during the three-month period.A round of upbeat ana...Read More

MILAN (Reuters) - Chocolate spread Nutella has long had pride of place on supermarket shelves but faces imminent attack from an Italian rival usually found in the pasta section.Italy’s Barilla, known internationally for its spaghetti and maccheroni packaged in blue boxes, is preparing to launch a chocolate spread next year in a major challenge to the brand that became a global phenomenon in...Read More

WASHINGTON (Reuters) - Nancy Pelosi, working to reclaim the top job in the U.S. House of Representatives, has called for creation of a new leadership post in a move that could make room for younger lawmakers in the upper echelons of the House Democrats.The 78-year-old San Francisco liberal and current House Democratic leader is fighting hard to regain the job of speaker after the Nov. 6 elections...Read More

Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More

Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More

Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More