Recent News

Royal blue diamond goes on sale

March 23, 2018 / www.mining.com

A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More

Why Wheaton Precious Metals Could Be a Gold Mine for Income Investors

March 23, 2018 / dlvr.it

A differentiated dividend policy could yield a mother lode of dividend income in the coming years.Read full newsRead More

New Chilean Government Spells Lithium Mining Boom: The White Gold Rush

March 23, 2018 / dlvr.it

PALM BEACH, Florida, March 22, 2018 /PRNewswire/ --Marketnewsupdates.com News Commentary Chile is a mining giant....Read full newsRead More

Liebherr to invest $45 million expanding footprint in US mining sector

March 23, 2018 / www.mining.com

Heavy equipment maker Liebherr's goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia, US.The family-owned machinery maker, which has been manufacturing and operating in Newport News for over 48 years, said it's planning to start...Read More

Dow Sinks 724 Points, or Nearly 3%, After Trump Announces China Trade Action - TheStreet

March 23, 2018 / www.thestreet.com

Here Are 4 Hot Things to Know About Stocks Right Now Shares of Facebook Inc. fell for the third day of four after CEO Mark Zuckerberg broke his silence about the data privacy scandal. The stock declined 2.6% on Thursday.Donald Trump announced tariffs on Chinese goods entering the U.S.The Dow Jones Industrial Average was down sharply on Thursday and is now more than 2,600 points below i...Read More

PRECIOUS-Spot gold dips, futures settle up ahead of options expiry

March 23, 2018 / in.investing.com

* Trump initiates trade action against China* Dollar swoons early, then rebounds* Spot gold down, gold futures settle up (New throughout, updates prices, market activity and comments, adds second byline and NEW YORK dateline)By Renita D. Young and Maytaal AngelNEW YORK/LONDON, March 22 (Reuters) - Spot gold dipped on Thursday as the U.S. dollar pared losses on safe-haven buying from investors fear...Read More

UPDATE 2-European shares suffer as trade jitters, weak data weigh

March 23, 2018 / in.investing.com

* STOXX 600 down 1.6 pct to 2-week low* Banks, miners, tech lead sectoral fallers* Reckitt gains after pulling out of Pfizer (NS:PFIZ) race (Adds details, closing prices)By Helen Reid and Danilo MasoniLONDON, March 22 (Reuters) - Concerns about trade sent European shares tumbling on Thursday as the United States prepared to announce hefty tariffs on Chinese imports, with banks, basic resources sto...Read More

Gold Hits 2-Week High as Hawkish Fed Fears Fade, Trade Concerns Support

March 23, 2018 / in.investing.com

Investing.com - Gold prices were trading near their highest levels in two weeks in midday trade on Thursday, after a less hawkish than expected Federal Reserve and amid growing concerns over trade tariffs.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were up $6.50, or 0.49% to $1,328.00 a troy ounce by 11:52 AM ET (13:52GMT). That was its highest level s...Read More

GLOBAL MARKETS-Dollar, shares buffeted by trade war worries

March 23, 2018 / in.investing.com

* Dollar weakens broadly as trade worries compound Fed effect* China bumps up short-term rates slightly* Oil stalls at six-week high* European shares seen 0.1 to 0.4 pct lowerBy Marc JonesLONDON, March 22 (Reuters) - The threat of a global trade war and a steady message from the Federal Reserve on U.S. interest rates pushed the dollar to its lowest in over a month on Thursday and took Europe's mai...Read More

REFILE-India's MCX to start trading in brass futures from next week

March 23, 2018 / in.investing.com

(Corrects day in first paragraph to Thursday from Wednesday)MUMBAI, March 22 (Reuters) - India's Multi Commodity Exchange (MCX) MCEI.NS will start trading in brass futures from next week as it tries to provide a benchmark price and hedging tool to the industry, the bourse said on Thursday.MCX will start trading in three contracts of brass, an alloy made of copper and zinc, from March 26.The lot si...Read More

GLOBAL MARKETS-Dollar slips after Fed decision, trade worries shackle shares

March 23, 2018 / in.investing.com

* Dollar weakens broadly after Fed forecast 2 more hikes in 2018* Fed upbeat on economy; notch up 2019, 2020 forecast* New PBOC Governor bumps up short-term rates slightly* Oil at 6-week high on U.S. inventory, OPEC stance* European shares seen 0.1-0.4 pct lowerBy Hideyuki SanoTOKYO, March 22 (Reuters) - The U.S. dollar slipped on Thursday after the Federal Reserve held back from increasing the pa...Read More

GLOBAL MARKETS-Dollar on defensive after Fed, trade worries hit shares

March 23, 2018 / in.investing.com

* Dollar weakens broadly after Fed forecast 2 more hikes in 2018* Fed upbeat on economy; notch up 2019, 2020 forecast* Oil at 6-week high on U.S. inventory, Iran nuke deal worriesBy Hideyuki SanoTOKYO, March 22 (Reuters) - The U.S. dollar slipped on Thursday after the Federal Reserve did not signal a faster pace of rate hikes this year while worries about a coming announcement on tariffs from U.S....Read More

ASIAN MORNING BRIEF 23/03: Base metals retreat as dollar index rises; USTR says tariffs to be delayed vs some nations, including EU, as more permanent exemptions weighed; China sluggishness said behind LME zinc deliveries

March 23, 2018 / www.metalbulletin.com

The latest news and price moves to start the Asian day on Friday March 23.Base metals prices on the London Metal Exchange plummeted at the close on Thursday March 22, while the dollar index staged a recovery. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The United States Trade Representative (USTR) has said that the European Union, Argentin...Read More

Gold Prices near Two-Week Highs on Fed Decision, Trade Fears

March 23, 2018 / www.investing.com

Investing.com - Gold prices were trading near their highest levels in two weeks in European mid-morning trade on Thursday, boosted by a softer dollar after a less hawkish than expected Federal Reserve and growing concerns over trade tariffs.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were up $9.7 or 0.73% to $1,331.2 a troy ounce by 05:28 AM ET (09:28...Read More

ASIAN MORNING BRIEF 23/03: Base metals retreat as dollar index rises; USTR says tariffs to be delayed vs some nations, including EU, as more permanent exemptions weighed; China sluggishness said behind LME zinc deliveries

March 23, 2018 / www.metalbulletin.com

The latest news and price moves to start the Asian day on Friday March 23.Base metals prices on the London Metal Exchange plummeted at the close on Thursday March 22, while the dollar index staged a recovery. Read more in our live futures report.Here are how LME prices looked at Thursday's close:The United States Trade Representative (USTR) has said that the European Union, Argentin...Read More

Scientists create "kagome metal"

March 23, 2018 / www.mining.com

Physicists from MIT, Harvard University, and Lawrence Berkeley National Laboratory have produced what the call "a kagome metal" - an electrically conducting crystal, made from layers of iron and tin atoms, with each atomic layer arranged in the repeating pattern of a kagome lattice.In a paper published in Nature, the scientists explain that their creation was inspired by Japanese kagome baskets, w...Read More

US fiscal 2018 budget approved

March 23, 2018 / www.world-nuclear-news.org

Both houses of the US Congress have approved an omnibus appropriations bill including USD1.2 billion for nuclear energy. The bill will see the suspension of sales by the Department of Energy (DOE) of surplus uranium to pay for decommissioning work at the former Portsmouth uranium enrichment plant.Senators today approved the Consolidated Appropriations Act 2018, which appropriates some $1.3 trillio...Read More

Seventh Japanese reactor restarted

March 23, 2018 / tinyurl.com

Kyushu Electric Power Company today began the process of restarting operation of unit 3 at its Genkai nuclear power plant in Japan's Saga prefecture. The reactor is scheduled to resume commercial operation next month.The four-unit Genkai plant (Image: Kyushu)The utility said the process of extracting the control rods from the 1180 MWe pressurised water reactor (PWR) was restarted at 11.00am today....Read More

LIVE FUTURES REPORT 23/03: LME base metals end week under pressure; zinc bucks the trend

March 23, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange closed the week in negative territory on Friday March 23, with zinc the only metal to increase by the close. Nickel prices were the worst affected, losing $240 per tonne at the close - despite a 10,278 tonne cancellation in Johor.Yesterday, President Donald Trump signed off on import tariffs for Chinese products - this triggered further worries of a...Read More

EXPERT VIEW: What ever happened to the LME bull market?

March 23, 2018 / www.metalbulletin.com

It was all going so well for the London Metal Exchange metals at the turn of the year: Robust late-2017 price strength was initially carried through into January, with a commensurate increase in turnovers, and the words "bull market" were on many people's lips. But, as winter turns into spring and temperatures mostly rise, the heat has gone out of the market, and much of that bullish ardor has coo...Read More

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