SHANGHAI, May 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index hit yet another new four-month high at 93.42 overnight as treasury yields grew. It then came off slightly but remained above 93. It closed at 93.09, up 0.03%.The two-year treasury yield hit 2.53%, its highest level since September 8, 2008, while the 10-y...Read More

SHANGHAI, May 10 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index hit yet another new four-month high at 93.42 overnight as treasury yields grew. It then came off slightly but remained above 93. It closed at 93.09, up 0.03%.The two-year treasury yield hit 2.53%, its highest level since September 8, 2008, while the 10-y...Read More

(Adds details)LUSAKA, May 9 (Reuters) - Vedanta Resources ' VED.L Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday.Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals FM.T...Read More

LUSAKA, May 9 (Reuters) - Vedanta Resources ' VED.L Zambia unit, Konkola Copper Mines (KCM), is disputing a bill of almost $18 million slapped on it by tax authorities after an audit, an industry source familiar with the matter, told Reuters on Wednesday.Zambia's revenue authority concluded audits of mining companies that prompted it to hit Canadian miner First Quantum Minerals FM.TO with a tax b...Read More

Investing.com - Gold prices fell on Wednesday, pressured lower by strength in the dollar and Treasury yields after the U.S. withdrew from the nuclear deal with Iran, which kept prices within reach of two month lows.On Tuesday, President Donald Trump pulled the U.S. out of the international nuclear deal with Iran, raising the risk of conflict in the Middle East and a knock-on effect for global oil...Read More

Midas' sole focus is the Stibnite gold project in central Idaho, a historic mining area that was abandoned in the 1990s after 100 years of activity, and which the Vancouver-headquartered company's studies suggest holds the eighth largest gold reserves in the United States, as well as significant amounts of antimony, a material with flame retardant qualities.Read More

Signs of a rebound to more balanced conditions can be seen in the way the price has moved and can also be seen in the price-setting for treatment charges (TC) negotiated between miners and smelters.Read More

The latest news and price moves to start the Asian day on Thursday May 10.Base metals prices on the London Metal Exchange were firm at the close of trading on Wednesday May 9, with copper's 1% climb leading a positive afternoon surge across the complex. Read more in our live futures report.Here are how prices looked at Wednesday's close:Latin American steelmaker Gerdau sees the results of the...Read More

The latest news and price moves to start the Asian day on Thursday May 10.Base metals prices on the London Metal Exchange were firm at the close of trading on Wednesday May 9, with copper's 1% climb leading a positive afternoon surge across the complex. Read more in our live futures report.Here are how prices looked at Wednesday's close:Latin American steelmaker Gerdau sees the results of the...Read More

Hard rock lithium deposits are going to fill the demand as they are more evenly geographically distributed across the globe and are less dependant on a changing climate for production than lithium brine production. They are more and more filling the supply gap.According the United State Geological Survey's 2018 Mineral Commodity Summaries, Australia was the largest producer of lithium. It produc...Read More

This year has been a great year for commodities, most notably gold, base metals and oil. It hasn't been so great for silver, silver miners, or investors in the white metal, however. While gold has remained flat since the start of 2018 and oil has surged by 19%, silver has declined by 3%.Nonetheless, there are signs that the outlook for silver is improving, and one of the best ways to gain exposure...Read More

Hard rock lithium deposits are going to fill the demand as they are more evenly geographically distributed across the globe and are less dependant on a changing climate for production than lithium brine production. They are more and more filling the supply gap.According the United State Geological Survey's 2018 Mineral Commodity Summaries, Australia was the largest producer of lithium. It produc...Read More

The US Nuclear Energy Institute (NEI) has called on the Federal Energy Regulatory Commission (FERC) to move quickly to define, foster and retain resiliency on the country's electricity grid before further nuclear generating capacity is lost through premature plant retirements. Meanwhile, the independent, non-partisan Center for Climate and Energy Solutions (C2ES) has issued a new report outlining...Read More

The UK government has launched an open consultation on the future regulation of nuclear sites in the final stages of decommissioning and clean-up. The Department for Business, Energy and Industrial Strategy (BEIS) said the consultation seeks to enable a "more flexible approach that can optimise waste management, thereby realising environmental benefits and reducing costs".There are 36 nuclear site...Read More

Alcoa and Rio Tinto have set up a joint-venture firm with investment from the governments of Canada and the Canadian province of Quebec as well as technology firm Apple to license and sell technology creating carbon-free aluminium.The new company, Elysis, will receive funding totaling Canadian $188 million ($146 million) and will be headquartered in Montreal with a research facility in Quebec's Sa...Read More

Base metals on the London Metal Exchange were mixed at the close of trading on Thursday May 10, with copper climbing 1.5% while tin's three-month price dipped 1.3%.Despite dropping 0.38%, the US dollar reached a fresh 2018 high of 93.42 this week, with mixed reactions across the base metals complex. The US currency gained momentum in the run-up to president Trump's announcement that the US wi...Read More

The London Metal Exchange is maintaining the status quo on its treatment of Iranian aluminium brand Iralco after the United States said this week that it will reintroduce nuclear-related sanctions on Iran, the bourse said in a notice to members on Thursday May 10. "The LME does not propose any action in respect of Iralco brand metal at this time. The LME will continue to monitor the situation and...Read More

Tesla bank creditors have forced the Company to add its Fremont manufacturing factory to the pool of assets which secure Tesla's $1.8 billion credit facility. The cover story is that the banks "suggested" that Tesla add the additional collateral to support the asset base underlying the bank. However, that's unmitigated propaganda.Banks have access to the inside books at companies to which they...Read More

Brazil-focused Canadian vanadium producer Largo Resources has reaped the benefits of strong vanadium pentoxide prices in the three months to March 31, with the company reporting its highest ever quarterly net income in its financial report published on Monday May 7. Largo declared a net income of $45.8 million in the first quarter of 2018, while revenues rose 210% year on year in the same period t...Read More

East Asia's stainless steel market strengthened slightly over the past week, with elevated nickel prices keeping mills under pressure to raise their offers.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,230-2,310 per tonne cif East Asian ports for the week ended Wednesday May 9, up $10-60 per tonne from a week earlier. Metal Bulletin's assessm...Read More