After an epic (generation-spanning at the long end) decline in interest rates, the trend has finally reversed. Which means, if history is still a reliable guide, there's aContinue...Read More
Prices for rebar produced and delivered in Southern Europe have remained unchanged over the week as market activity continued to remain low, sources told Metal Bulletin on Wednesday May 16.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe was ?,?490-520 ($582-618) per tonne delivered on Wednesday, unchanged over the week."Nothing has changed - market activity is really...Read More
By Dominic Frisby, Money Week2018 has been a noisy year so far: stocks have been up, then down, then up, but ultimately gone nowhere.Precious metals are a little lower than where they started. Bonds are quite a bit lower. Crypto currencies are a lot lower.Oil supply and demand chart (Money Week)There's been babble and squawk about all of them.But one normally clamorous asset has quietly ground...Read More
Officials say a police officer working at Dixon High School shot and wounded a former student who shot a firearm at him.Continue...Read More
The Turkish steel mills have gone quiet in the deep-sea scrap markets once again, sources said on Wednesday May 16.After the news of a UK cargo sold on May 15 at $345 per tonne for HMS 1&2 (80:20) and $366 per tonne for shredded, no more deep-sea transactions have been heard in the market.Baltic Sea scrap suppliers were heard offering HMS 1&2 (80:20) at $360 per tonne cfr, but were ready to sell a...Read More
North Korean's moving away from peace talks after hints of regime change moves by the Americans should limit the fall in gold and silver today. Long term investors will also be using the fall in gold and silver to start investing. American are known to press for regime change. North Koreans are rightly cautious. Our view: I never expected Americans to go for peace talks in the Korean peninsula....Read More
Financial education is more challenging than ever today. Who do you trust? Where do you find authentic information? In this episode, Robert & Kim talk to Ryan Holiday, author of "Trust Me, I'm Lying" & "Conspiracy." Find out how you can successfully continue your financial education and bypass the fake news.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance b...Read More
The price gap between seaborne cargoes of Brazilian Blend fines and Pilbara Blend fines widened further on Wednesday May 16 amid a mixed market.Metal Bulletin 62% Fe Iron Ore Index: $68.03 per tonne cfr Qingdao, up by $0.75 per tonne Metal Bulletin 58% Fe Premium Index: $54.56 per tonne cfr Qingdao, unchanged Metal Bulletin 65% Fe Iron Ore Index: $86.20 per tonne cfr Qingdao, down by $0.10 per ton...Read More
The position will combine the leadership of Konkola Copper Mines in Zambia, Vedanta Zinc International (VDI) in South Africa and Namibia and Copper Mines of Tasmania, assuming responsibility of KCM CEO after the departure of Steven Din in July.Naidoo was previously CEO of VDI, having joined Vedanta in 2014, and led the development of the US$400 million Gamsberg project and the Pit 112 project at S...Read More
China's ferrous futures fluctuated during morning trading on Wednesday May 16, before experiencing a spike in the last ten minutes before the end of the session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,689 yuan ($580) per tonne, up 14 yuan per tonne October hot-rolled coil: 3,834 yuan per tonne, up 41 yuan per tonne Dalian Commodity Exchange September iro...Read More
Its first two holes for 2018 tested below the North Pit deposit and in an untested adjacent area, the Northern Extension zone, where a highlight included 42.7m true thickness at 2.05% copper."This mineralisation is wider and of higher grade than adjacent holes and extends mineralisation into areas previously classified as waste," the company said.It is able to drill the extension zone now a land t...Read More
China's domestic rebar prices were unchanged on Wednesday May 16 on sparse trading amid softening futures. Domestic Eastern China (Shanghai): 3,980-4,030 yuan ($625-633) per tonne, unchanged Northern China (Beijing): 3,940-3,970 yuan per tonne, unchanged Traders kept their offers flat in the morning due to the weakness in the futures market.Although the futures market picked up in the last 10 minu...Read More
SHANGHAI, May 16 (SMM) – Both nonferrous and ferrous metals closed mixed on Wednesday May 16. SHFE nickel, aluminium, zinc edged up. SHFE copper closed 0.5% lower and tin dipped. SHFE lead closed flat.Coke rose close to 1% while hot-rolled coil gained 0.7%. Rebar closed flat. Iron ore dropped close to 1% and coking coal dipped.Copper: The SHFE 1807 contract regained almost all losses at...Read More
HONG KONG, May 16 (SMM) – While copper prices appeared to struggle at the moment, a brighter future awaits it, according to Vivienne Lloyd, senior analyst of base metals at Macquarie Bank.Most market participants were “too bullish” on copper at the start of the year against the backdrop of various labour negotiations at copper mines in south America, she told delegates at a semin...Read More
RAPAPORT... Mountain Province has appointed Stuart Brown as its CEO, to succeed interim chief David Whittle, the Canada-based miner said Tuesday. Brown (pictured), currently CEO of Firestone Diamonds, recentlyannounced he would leave the company on June 30. He was previously CFO of DeBeers, as well as joint acting CEO of De Beers' global activities. Brown willbegin his role at Mountain Provin...Read More
The company will issue 30 million new ordinary shares at a price of 5p per share, bringing its total ordinary shares in issue up to 566.3 million at 1p each. It said it had applied to admit the subscription shares to trading on AIM on or around May 18.The subscription price was down 23% from a year ago when it issued 23.1 million shares at 6.5p each to raise the same amount. The funds wi...Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 9.0 percent in the U.S. market in March, when compared to the same month a year ago, as the graph below illustrates. Sales were an estimated $8.8 billion, according to preliminary data from the U.S. Commerce Department. Strong Start to 2018 Jewelry Sales American jewelry consumers appear to be in...Read More
JOHANNESBURG (miningweekly.com) – The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate.Applying the ‘learning nothing and forgetting nothing’ lament of French statesman Talleyra...Read More