BRUSSELS (Reuters) - European Trade Commissioner Cecilia Malmstrom said on Tuesday she expected the United States to set a limit on EU exports of steel and aluminum even if it decides not to impose import duties.“Realistically, if the U.S. decides to refrain from applying duties I expect them nonetheless to want to impose some sort of cap on EU exports,” Malmstrom told lawmakers in the...Read More

NEW DELHI/HONG KONG (Reuters) - India’s central bank is standing firm on a directive to compel global payment firms to store customer data in India, resisting calls from U.S. companies to dilute an order they say would cost them millions of dollars, people familiar with the matter said.The payment companies are worried India’s data on shoring move could set a precedent and nudge other...Read More

(Kitco News)- Although the gold market hasstruggled to attract fresh investment capital, one mining CEO said that themarket has held up exceptionally well, given the headwinds the precious metalsface.In a recent interview with KitcoNews, Americas Silver Corp.(NYSE: USAS) CEO Darren Blasutti said that gold faces toughcompetition as the U.S. dollar benefits from a growing economy that is seeingrecor...Read More

(Kitco News) - Although the gold market has struggled to attract fresh investment capital, one mining CEO said that the market has held up exceptionally well, given the headwinds the precious metals face.In a recent interview with Kitco News, Americas Silver Corp.(NYSE: USAS) CEO Darren Blasutti said that gold faces tough competition as the U.S. dollar benefits from a growing economy that is seein...Read More

NEW YORK (Reuters) - The dollar rose on Tuesday to a 10-month high against the euro after a sell-off in Italy’s debt market drove investors to dump the single currency.A deepening political crisis in Italy, the euro zone’s third-biggest economy, provoked selling of Italian assets and the euro that was reminiscent of the euro zone debt crisis of 2010-2012.Italy’s president has set...Read More

Increased demand for battery materials used in electric vehicles and energy storage is what's supposed to reignite interest in the mining sector now that the China-induced supercycle in commodities demand are levelling off.Prices for lithium and cobalt have soared. Graphite and rare earth prices are making a comeback. Nickel, where EV-related demand is still tiny, has been caught up in the euphori...Read More

MADRID (Reuters) - The outgoing Bank of Spain Governor said on Tuesday that despite current political uncertainty in some markets, external economic conditions surrounding Spain remain positive.“The external environment of the Spanish economy remains favourable,” Luis Mar?-a Linde said, after Spain and other countries on the euro zone’s periphery saw their borrowing costs jump am...Read More

(Bloomberg) - Mining companies in the Democratic Republic of Congo told the government it will lose more than $3 billion over a decade and face legal action if plans to implement a new industry code proceed.Miners including Glencore Plc and Randgold Resources Ltd. are demanding the government abandon aspects of the legislation approved by President Joseph Kabila in March. Discussions about the re...Read More

(Bloomberg) - Mining companies in the Democratic Republic of Congo told the government it will lose more than $3 billion over a decade and face legal action if plans to implement a new industry code proceed.Miners including Glencore Plc and Randgold Resources Ltd. are demanding the government abandon aspects of the legislation approved by President Joseph Kabila in March. Discussions about the re...Read More

(Bloomberg) - Mining companies in the Democratic Republic of Congo told the government it will lose more than $3 billion over a decade and face legal action if plans to implement a new industry code proceed.Miners including Glencore Plc and Randgold Resources Ltd. are demanding the government abandon aspects of the legislation approved by President Joseph Kabila in March. Discussions about the re...Read More

Apple is reportedly using OLED screens in 2019 iPhonesUniversal Display Corporation (NASDAQ:OLED) stock is up 10.6% to trade at $110.25 -- one of the best stocks on the Nasdaq in early trading -- amid reports that Apple (AAPL) will be ditching LCD screens and use OLED screens for the upcoming iPhone in 2019. Currently, only the iPhone X has an OLED screen. As a result, Universal Display call optio...Read More

LONDON (Reuters) - Currency derivatives tied to the outlook for the euro fell to their lowest level in more than a year on Tuesday, pointing to further weakness for the single currency as a sharp selloff in Italian debt spilled into foreign exchange markets.Risk reversals on the euro, a gauge of demand for options on a currency rising or falling, fell to their lowest levels since late April 2017,...Read More

LONDON (Reuters) - Brent crude oil rose on Tuesday, paring losses triggered by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall.International crude benchmark Brent futures LCOc1 were up 68 cents at $75.98 a barrel by 1405 GMT, while U.S. crude futures CLc1 dropped 65 cents to $67.23.Brent now commands its largest premium over U.S. futur...Read More

Newmont Mining Corp. has agreed to sell its royalty portfolioto Maverix Metals Inc. (TSXV: MMX), an emerging precious-metals royaltyand streaming company. Under the deal, Newmont says it will receive 60 millionMaverix shares representing an ownership interest of 28%, $17 million incash and warrants for an additional 10 million shares. Newmont’s royaltyportfolio includes 54 precious...Read More

(Bloomberg) - India faces a copper supply shock after a state government ordered billionaire Anil Agarwal's Vedanta Ltd. to shut down a plant permanently following deadly protests in a move that will slash nationwide output and stoke demand for imports. The company's shares fell.The Tamil Nadu government directed the southern state's pollution control board to seal the 400,000 metric-ton-per-year...Read More

(Bloomberg) - India faces a copper supply shock after a state government ordered billionaire Anil Agarwal's Vedanta Ltd. to shut down a plant permanently following deadly protests in a move that will slash nationwide output and stoke demand for imports. The company's shares fell.The Tamil Nadu government directed the southern state's pollution control board to seal the 400,000 metric-ton-per-year...Read More

NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) corporate and investment bank chief Daniel Pinto said that second-quarter markets revenue looks like it will be flat compared with a year earlier.Speaking on Tuesday at an investor conference, Pinto said that the drag of several one-off items is reducing the benefit of “mid-single digit” percentage improvements in core trading busine...Read More

The shares are now trading north of their October 2016 IPO priceShares of ZTO Express (Cayman) Inc (NYSE:ZTO) have jumped 8.3% to trade at $0.90, fresh off a record high of $21.70. Boosting shares of the Shanghai-based express delivery company is news of a $1.38 billion joint investment from Alibaba Group Holding (BABA) and a group of traders, which includes BABA's logistics data platform Cainiao...Read More

(Kitco News)- The gold market remains under pressure as U.S. consumer confidence remains at elevated levels.Tuesday, the U.S. Conference Board, said that is Consumer Confidence Index increased to a reading of 128, up slightly from April's revised reading of 125.6. The data was relatively in line with expectations as consensus forecasts were calling a reading around 128.2.Gold prices were hovering...Read More

Nickel Intraday – BUY 2 lot Nickel at CMP 1009 for Target 1016 with SL below price 1004 Read More