Brazil's Institute of Environment and Water Resources (IBAMA) has issued an environmental license for the Marac??s Menchen Mine expansion project, owned by Largo Resources (TSX: LGO).Marac??s Menchen is a 17,690-hectare property located in the eastern Bahia State of Brazil, roughly 250 kilometres southwest of the state capital, Salvador. According to Largo, the mine boasts one of the highest-grade...Read More
(Updates closing price and adds details)SHANGHAI, Nov 2 (Reuters) - China's yuan jumped on Fridayafternoon, finishing domestic trade at its strongest in morethan a month, supported by rising hopes that trade tensionbetween China and the United States will ease.The Chinese currency traded well above a 10-year low hitearlier in the week and also looked set for its biggest weeklygain since late Augus...Read More
The USD, gold's biggest nemesis, took a beating yesterday. As a result, the yellow jumped from $1,214 to $1,237. As of writing, it is trading at $1,232/Oz and has created a falling wedge pattern on the 15-minute chart. A break above the upper edge of the wedge, currently at $1,233, would signal a resumption of the rally and open up upside toward $1,250. On the way higher, the metal may encoun...Read More
* Dollar under pressure as risk-sensitive currencies gain * Trump said to have asked to prepare trade deal draft * Ebb in trade woes weighs on yen, lifts Aussie and yuan * Traders awaits U.S. jobs data for potential lift * Graphic: World FX rates in 2018By Tom FinnLONDON, Nov 2 (Reuters) - The dollar fell on Friday on signsU.S. President Donald Trump is seeking to resolve a damagingtrade war with...Read More
Nov 2 (Reuters) - Aluminium producer Hindalco Industries Ltd posted a 21.4 pct decline in Sept-quarter net profiton Friday, dragged down by rising input costs, but marginallybeat estimate.Standalone profit after tax came in at 3.09 billion rupees($42.50 million) in the second quarter, compared with 3.93billion rupees a year earlier, Hindalco said . Eleven analysts on an average had expected the Mu...Read More
As a way of raising awareness and interest in the mining industry among junior high and high school students in Nova Scotia, Canada, a provincial industry group is offering over C$8,000 in cash prizes to kids with some basic video skills.The Mining ROCKS! contest, now in its fifth year, hopes to inspire children to learn about the industry, get creative and win big, Sean Kirby, executive directo...Read More
Published 22 Hours AgoUpdated6 Hours AgoReuters Gold slipped on Friday as the U.S. dollar regained some ground on the back of strong American jobs data, putting the metal on track for its first weekly loss in five weeks.Spot gold was down 0.03 percent at $1,232.40 per ounce. The bullion was down 0.1 percent this week.U.S. gold futures settled down $5.3, or 0.43 percent, at $1,233.30.The dollar ind...Read More
* Holdings in SPDR Gold Trust rise * Platinum hits fresh high since June 27 * U.S. jobs report due at 1230 GMT (Updates prices)By Eileen SorengBENGALURU, Nov 2 (Reuters) - Gold prices on Friday held onto gains from the previous session as investors remainedcautious ahead of a U.S. jobs report, which could provide clueson the pace of further interest rate hikes.Spot gold was flat at $1,232.81 per o...Read More
Nov 2 (Reuters) - U.S. President Donald Trump wants to reachan agreement with Chinese President Xi Jinping at the Group of20 nations summit in Argentina later this month, Bloombergreported on Friday, citing four people familiar with the matter.Trump has asked key U.S. officials to begin draftingpotential terms, Bloomberg said, addingthat the push for a possible deal with china was prompted by hist...Read More
The alternative route will shorten shipment times between India and Russia...by 40%!Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average rose for a third day in a row Thursday, building on a strong two-day rally that closed out a tough October for the blue-chip index. The Dow fell 5.1% last month.DowDuPont Inc. (DWDP) rose 8% after the chemicals company earned 74 cents a share in the third quarter, beating forecasts by 3 cents.&n...Read More
Copper prices on the Comex exchange in New York maintained their recovery in the morning of Thursday November 1, with a weaker dollar providing support to the base metals complex.The copper price for December settlement on the Comex division of the New York Mercantile Exchange rose day on day by 2.60 cents per lb to $2.6850 per lb."After a largely down session across a number of commodity complexe...Read More
London Metal Exchange members are considering a multitude of ways to continue to service their EU clients in the event that a financial services deal is either not forthcoming or does not go far enough when the UK finally leaves the European Union. Some companies have even told their LME sales teams they need to be prepared to move to another major European city to be able to legally service their...Read More
Base metals on the London Metal Exchange were collectively higher during morning trading on Thursday November 1, with most metals recovering from Wednesday's dip amid a softer US dollar index and a continued drawdown in LME inventories. Pushing back above $11,500 per tonne, the three-month nickel price gathered support over the morning session, hitting an intraday high of $11,645 per tonne after f...Read More
World silico-manganese supply edged up to 1.47 million tonnes in September, with the largest monthly increase recorded in the Commonwealth of Independent States, according to the International Manganese Institute (IMnI). Production was up 2.7% from August and 7.4% year on year globally, while year-to-date production rose 25.3% year on year. Supply from the CIS reached 138,000 tonnes, up 9% from Au...Read More
Spot copper concentrate treatment and refining charges (TCs/RCs) fell 1.8% toward the end of October while a rapidly widening backwardation reduced market liquidity.Fastmarkets MB's assessment of the TC/RC index was lower by $1.60 per tonne/0.16 cents per lb at $87.40 per tonne/8.74 cents per lb on October 31. The previous assessment of $89 per tonne/8.9 cents per lb on October 15 was a one-year h...Read More
Benchmark international prices for cobalt stabilized last month, but salts and metal prices fell in China amid weak demand and falling local futures prices, triggering a physical sell-off.Price moves: Benchmark low-grade cobalt traded in the remarkably stable range of $33.50-34.45 per lb in October, where the assessment also ended the month. Tightness continued in the low-grade market, which takes...Read More
Turkish steel producers made no purchases in the deep-sea scrap market on Thursday November 1, with a fresh offer of material from the Baltic Sea region failing to find a taker, according to market participants.A scrap merchant in the Baltic Sea region was heard offering 30,000-35,000 tonnes of HMS 1&2 (95:5) at $345 per tonne cfr on Thursday. No mill had accepted the cargo at...Read More
Copper prices on the Comex exchange in New York maintained their recovery in the morning of Thursday November 1, with a weaker dollar providing support to the base metals complex.The copper price for December settlement on the Comex division of the New York Mercantile Exchange rose day on day by 2.60 cents per lb to $2.6850 per lb."After a largely down session across a number of commodity complexe...Read More
Benchmark international prices for cobalt stabilized last month, but salts and metal prices fell in China amid weak demand and falling local futures prices, triggering a physical sell-off.Price moves: Benchmark low-grade cobalt traded in the remarkably stable range of $33.50-34.45 per lb in October, where the assessment also ended the month. Tightness continued in the low-grade market, which takes...Read More