L Brands has filed a complaint against Sycamore Partners for deal gone awryShares of L Brands Inc (NYSE:LB) are down 1.5% to trade at $10.46, after receiving no fewer than four bear notes, including a downgrade out of Barclaysto "equal weight" to "overweight," and price-target cut to $10 from $30. This slam comes after news that L Brands filed a complaint against Sycamore Partners for backing out...Read More
Continental Resources is ceasing production in North DakotaThe shares of Continental Resources (NYSE:CLR) are down 4% at $12.70, amid news that the company ceased production in North Dakota and closed off most of its wells in the state's Bakken shale field. Earlier, it was reported that CLR declared force majeure on at least one contract after crude dipped into the negative this week.Continental R...Read More
Sanofi cited a strong demand for pain and fever medications during its first quarter French pharmaceutical maker Sanofi SA (NASDAQ:SNY) is up 2.2% at $49.45 after releasing its first-quarter results and confirming its 2020 outlook. The company announced a 16.1% rise in income at constant exchange rate to 2.04 billion euros, or $2.20 billion, and a 6.6% pop in sales to 8.97 billion euros, or $9.69...Read More
Australia's largest gold refinery has ramped up production of one kilogram bars to ease the supply squeeze in the U.S. that helped propel a surge in the premium for New York futures.Read full newsRead More
Oil prices appear ready to rally for the third-straight dayDow Jones Industrial Average (DJI) futures are poised to climb this morning, propped up by an encouraging earnings report from blue chip American Express (APX). Wall Street is so far shaking off some of the latest alarming economic data, as durable goods orders for March fell 14.4%. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Inde...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") reports that the Company will release its results on or before May 29th, 2020 and will host an investor conference call and CEO Q&A at such time to discuss the results.The Company remains an essential services business with sales and large scale trials for first responders, military and defense cont...Read More
Illegal gold mining led to deforestation of thousands of hectares of forests inside indigenous reserves in the Brazilian Amazon, according to new satellite image analysis by the Monitoring of the Andean Amazon Project (MAAP). Mongabay had exclusive access to the report prior to its release.Read full newsRead More
Here are five Fastmarkets stories you might have missed on Thursday April 23 that are worth another look.Anglo American has lowered the 2020 production guidance for its Kumba iron ore operations to 37-39 million tonnes, down from a previous guidance of 41.5-42.5 million tonnes, due to the lockdown in South Africa, the miner said on April 23.South Africa is to end its nationwide lockdown and ease r...Read More
The three-month copper price on the LME climbed by just over 1% on Thursday April 23 to settle at its highest level since April 14, while nickel futures gained ground in the afternoon despite low turnover. Copper's outright price on the London Metal Exchange closed at $5,160.50 per tonne on Thursday afternoon, gaining some $30 per tonne from Wednesday's closing price, while turnover in the re...Read More
Total zinc inventory in London Metal Exchange warehouses has risen by 37% since the start of April to 100,075 tonnes as of April 23. Market sources attribute the rise in stocks to producers shipping their stock into warehouses to wait out the storm that is Covid-19. Demand for the galvanizing metal, like many other commodities, has fallen due to Covid-19 related lockdowns, leaving traders and prod...Read More
Anglo American has put its Quellaveco copper project in Peru on standby for up to three months while the government continues to restrict people movements to curb the spread of the Covid-19 virus.Most of Anglo American's on-site staff at the project in southern Peru have been under lockdown since March 17, when the Peruvian government declared a national emergency, the UK-based miner said on...Read More
Tungsten concentrates and ammonium paratungstate (APT) prices in China inched up this week after declining steadily since early March, but whether this minor recovery turns into a uptrend depends greatly on downstream demand, market sources said.Fastmarkets' weekly price assessment for tungsten concentrate 65% WO3, in-whs China was 76,000-77,000 yuan ($10,726-10,867) per tonne on Wednesday April 2...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 23 that are worth another look.Anglo American has lowered the 2020 production guidance for its Kumba iron ore operations to 37-39 million tonnes, down from a previous guidance of 41.5-42.5 million tonnes, due to the lockdown in South Africa, the miner said on April 23.South Africa is to end its nationwide lockdown and ease r...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 23 that are worth another look.Anglo American has lowered the 2020 production guidance for its Kumba iron ore operations to 37-39 million tonnes, down from a previous guidance of 41.5-42.5 million tonnes, due to the lockdown in South Africa, the miner said on April 23.South Africa is to end its nationwide lockdown and ease r...Read More
Turkish steel mills extended their absence from the deep-sea scrap markets due to a public holiday in the country on Thursday April 23, keeping any possible trading opportunities on hold.Thursday marked the National Sovereignty and Children's Day public holiday in Turkey, with most people in the country away from work. In addition to this, the country has imposed a lockdown from April 23 to April...Read More
Prices for deep-sea bulk cargoes of ferrous scrap in Bangladesh have stayed largely flat over the past week amid a continued standoff between mills and suppliers, sources said on Thursday April 23.More stability in the Turkish import scrap market, a plunge in the price of crude oil and the continuation of Covid-19 pandemic lockdown restrictions in Bangladesh were three reasons highlighted by marke...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 23 that are worth another look.Anglo American has lowered the 2020 production guidance for its Kumba iron ore operations to 37-39 million tonnes, down from a previous guidance of 41.5-42.5 million tonnes, due to the lockdown in South Africa, the miner said on April 23.South Africa is to end its nationwide lockdown and ease r...Read More
A summary of the first quarter production results for 2020 from British multinational mining company Anglo American, as stated in its latest production report released on Thursday April 23. In brief Anglo American recorded a 16% increase in production at the Collahuasi mine in Chile, offsetting the expected impact of water shortages at the Los Bronces mine, which sits 65 kilometers from the...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange are firmer this morning, Thursday April 23, but the price pullbacks in recent days have questioned the robustness of the earlier rebounds. Oil futures' dip into negative territory raised concerns, especially in financial markets, because it meant there was no longer a finite amount of risk in holding the commodity....Read More
The spread of the Covid-19 virus is forcing shutdowns and a reassessment of consumers' cobalt requirements. Prices of cobalt - metal, intermediates and salts - have so far taken a hit amid concerns of a general, global economic slowdown caused by the virus; a slower uptake in electric vehicle usage; and disrupted demand from the aerospace sector. But lockdowns aimed at limiting the spread of the v...Read More