The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
The closure of some induction furnaces in China in 2016 followed by the government's crackdown on all unlicensed IFs in mid-2017 freed up some scrap volumes, albeit arguably of low-quality material. Chinese domestic scrap prices came under pressure from the increased supply, which prevented them from keeping pace with the rise in steel and other raw material markets in the fourth quarter of 2016;...Read More
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Story developed using data from Mining Intelligence. Learn more and schedule a demo.Drill results are important indicators not only for mining and exploration companies, but nearly all stakeholders involved, including existing shareholders and potential investors.While high-grade drill intersects are generally exciting and promising news, a conservative and very rigorous approach is recommended...Read More
* Dollar manages to hold above 3-yr lows after Friday's bounce* Bids for greenback come back after rapid, sharp slide last wk* Longer term outlook for dollar still bearish (Adds details and quotes, updates prices)By Shinichi SaoshiroTOKYO, Feb 19 (Reuters) - The dollar found some traction on Monday following last week's steep fall and managed to hold above a three-year low against a basket of curr...Read More
MILAN (Reuters) - Global dividends rose 7.7 percent to an all-time high of $1.25 trillion (1 trillion euros) last year boosted by a buoyant world economy and rising corporate confidence, Janus Henderson (JHG.N) said on Monday, predicting another record year ahead.The surge - the strongest since 2014 - was driven by increases in every region and almost every industry with record showings in 11 coun...Read More
SYDNEY (Reuters) - Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence, the Australian Financial Review reported on Monday, citing a senior U.S. official.The unnamed official was quoted as saying...Read More
Feb 19 (Reuters) - Gold prices edged up on Monday on a softer U.S. dollar and as investors bought the yellow metal as a hedge against inflation.FUNDAMENTALS* Spot gold rose 0.2 percent to $1,350.51 an ounce at 0120 GMT. It hit a three-week high oft $1,361.76 on Friday.* The metal rose 2.4 percent last week, its best weekly gain since the week ended Sept. 1.* U.S. gold futures slipped 0.2 percent t...Read More
(Kitco News) - The mining sector is still being shunned by investors as there is a general lack of trust in the decision-making process, Reuters reported citing its data.Investors are having trouble forgetting a number “of multi-billion dollar takeovers and expensive development projects” that left them with no profit, Thomson Reuters said in a report.Even several years after the raw m...Read More
(Kitco News) - The mining sector is still being shunned by investors as there is a general lack of trust in the decision-making process, Reuters reported citing its data.Investors are having trouble forgetting a number “of multi-billion dollar takeovers and expensive development projects” that left them with no profit, Thomson Reuters said in a report.Even several years after the raw m...Read More
By Chris Berry (@cberry1) With the sentiment around lithium almost universally bullish, the recent hammering of lithium equity share prices can be traced back to one or two reasons: either as a sign that valuations had exceeded reality or a specific catalyst has injected a dose of reality into theRead full newsRead More
If someone wanted to kill 300,000 Americans and get away with it, they could not have accomplished it more effectively than our government has accomplished it with the opioid epidemic.Read full newsRead More
Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas.These are the key conclusions of Moody's Investor Service, which released a recent report summarizing commentary from analysts at a Jan. 18 teleconference.Probably the most positive aspects of the report, with the least conditions attached, relate to bas...Read More
Base metals should continue to do well in 2018 along with the US steel industry, though American coal will continue to lose ground to natural gas.These are the key conclusions of Moody's Investor Service, which released a recent report summarizing commentary from analysts at a Jan. 18 teleconference.Probably the most positive aspects of the report, with the least conditions attached, relate to bas...Read More
LONDON, Feb 19 (Reuters) - British households' gloom about their finances deepened this month, and most now expect borrowing costs to rise again within six months after the Bank of England raised interest rates in November, a survey showed on Monday.Data company IHS Markit said its Household Finance Index, a monthly gauge of financial well-being, fell to a seven-month low of 42.2 from 42.9 in Janu...Read More
* Dollar manages to hold above 3-yr lows after Friday's bounce* Greenback finds bids after last week's rapid, sharp decline By Shinichi SaoshiroTOKYO, Feb 19 (Reuters) - The dollar found some traction on Monday following last week's steep fall and managed to hold above a three-year low against a basket of currencies.The dollar index against a group of six major peers was mostly steady at 89.081 a...Read More
Feb 19 (Reuters ) - For other diaries, please see:Top Economic Events[M/DIARY ]Polling Unit Diary [POLL/DI ARY]Today in Washingt on [WASH/DI ARY]Politica l and General News [POL/DIA RY] DATECOUNTRY AUCTION DETAILS 19-FebNetherlands DTC auction20-FebGermany Auction of 2-year Treasury notes20-FebSpain Auction of 3- and 9-month Treasury bills20-FebUnited States Sale of 2-year notes21-FebUnited State...Read More
Feb 19 (Reuters) - For other diaries, please see:Top Economic Events Government Debt Auctions Political and General News Events Index of All Diaries Guide to Economic Indicators -----------------------------------------------------------This Diary is filed daily -----------------------------------------------------------MONDAY, FEBRUARY 19SYDNEY - Speech by Michele Bullock, RBA Assistant Governor...Read More
Feb 19 (Reuters) -For other diaries, please see:U.S. Federal Reserve Polling Unit Diary Today in Washington Political and General News -----------------------------------------------------------This Diary is filed daily.** Indicates new events -----------------------------------------------------------MONDAY, FEBRUARY 19BRUSSELS - Eurogroup meeting.TUESDAY, FEBRUARY 20** BRUSSELS - ECB Vice Presid...Read More
The biggest gold mine in the European Union is getting a new lease on life, thanks to a shaft sinking project that will increase throughput.Reporting its fourth-quarter and full-year results last Thursday, Agnico Eagle Mines (TSX,NYSE:AEM) said it will invest 160 million euros on expanding its Kittil?? gold mine in Lapland, northern Finland, including the construction of a kilometre-deep mine sha...Read More