Oil prices have turned lower today Dow Jones Industrial Average (DJI) futures are trading below fair value this morning, as uncertainty lingers following weekend airstrikes on crude production facilities in Saudi Arabia. Oil prices are down, too, following Monday's massive surge, with October-dated crude futures off 1.3% at $61.99 per barrel.Traders are also turning their attention to the two-day...Read More
"CEO Of The Year Finalists:Vitaly Nesis, #Polymetal Trevor Benson, @WalkaboutRes Mark Bristow, @BarrickGoldElizabeth Gaines, @FortescueMetalsTony Makuch, @KirklandLakeGld Michael O'Keeffe, @ChampionIron Raleigh Finlayson, #SaracenMineralLombardo Paredes Arenas, @GCMGold"Read full newsRead More
Currency devaluations from major economies strengthen gold's position as the safe-haven asset, which boosts the price of SBGL.SBGL's safety incident and ongoing disputes with labor unions make it doubtful if its gold mining and PGM operations will fully go back to normal soon.Investors are recommended to sell SBGL at the current price.The stock price of Sibanye Gold Limited (SBGL) has clim...Read More
The bond ETF has retraced its steps after a breakout AugustAs you may recall, it was an unusually bullish August for the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) -- even allowing for the exchange-traded fund's (ETF's) documented tendency toward positive summertime trading returns.The long-term U.S. Treasury tracker closed the month with a share price gain of 10.8%, marking TLT's strongest m...Read More
"#ARC believes new soil samples point to extensive mineralization at the Lumbeta and Muswema targets, Zambia. Copper targets are shallowhttps://t.co/AvYBmLDuLa"Read full newsRead More
"#JLP #Kabwe production update, with the view the company is on course to deliver 400tonnes of copper production a month by Q2 2020https://t.co/84ehf5ingZ"Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2019) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC PINK: PRSRF) (theRead full newsRead More
A nickel mining hub in the southern Philippines, which produces mostly high-grad...Read full newsRead More
* Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Recasts, adds latest prices)By Sujata RaoLONDON, Sept 17 (Reuters) - Sterling headed towards six-weekhighs against the dollar on Tuesday as investors continued tocut their short positions, even as Prime Minister Boris Johnsonstuck to his pledge to take Britain out of the European Union byOct. 31.Analysts said in...Read More
Here is what's new today on INK Ultra Money.1. When Monetary Policy Isn't Enough - Real VisionChange is coming. Christophe Ollari, founder of Ollari Consulting, predicts that we have seen the peak of monetary easing for this cycle. In its place, Ollari argues that policy will tilt toward a new sort of "Social QE" - involving central banks and governments in Europe, Japan, and the U.S. acting in c...Read More
This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More
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Madagascar-based nickel and cobalt producer Ambatovy will shut down for planned maintenance in November.Read full newsRead More
The three-month copper price on the London Metal Exchange was lower at the close of trading on Monday September 16, below nearby support levels, while a continued sell-off in nickel futures saw that commodity's outright price fall by 2.6%.Volumes traded in copper over the afternoon were moderate, with some 17,000 lots exchanged by the close, while the red metal's closing price of $5,870 per tonne...Read More
Nickel mining operations across four unspecified sites in the Philippines' Tawi-Tawi region will be halted indefinitely to facilitate the implementation of the country's Bangsamoro Responsible Mining law, Environment, Natural Resources and Energy Minister Abdulraof Abdul Macacua said on Monday September 16. The suspension will further reduce the country's declining nickel output, which fell by 16....Read More
London Metal Exchange Week, the largest annual gathering of metals and mining figures in the world, is set to begin on Sunday October 27. Below is a list of the events and functions scheduled for the week. Please be aware that many events are private entry and admission is strictly by invitation only. Sunday 27 October 6:45pm - Marex Spectron Dinner, The Savoy Hotel, Strand, WC2R 0EZ Monday 28 Oct...Read More
Here are five Fastmarkets MB stories you might have missed on Monday September 16 that are worth another look.Brazilian multi-metal and mining company Vale has announced plans to build a further two nickel smelters in Indonesia in joint ventures with China and Japan, the deputy chief executive officer of Vale Indonesia said in a Saturday September 14 news interview.Newmont Goldcorp has suspen...Read More
The active contract price for aluminum on the Shanghai Futures Exchange may rise as high as 15,000 yuan ($2,128) per tonne by the end of October 2019 on the back of tightening supply, market participants have told Fastmarkets.The most-traded November contract price for the metal started to rally at the start of September on a continuing decline in the total volumes of aluminium in stock, and reach...Read More
Nickel mining operations across four unspecified sites in the Philippines' Tawi-Tawi region will be halted indefinitely to facilitate the implementation of the country's Bangsamoro Responsible Mining law, Environment, Natural Resources and Energy Minister Abdulraof Abdul Macacua said on Monday September 16. The suspension will further reduce the country's declining nickel output, which fell by 16....Read More
Key data from the pricing sessions in New York, London and Shanghai in the week ending Friday September 13.United StatesKey drivers Spot silicon fell below $1 per lb on the low end for the first time in three years in the United States, on excess supply and the undercutting of domestic material by overseas suppliers.Consumers are themselves said...Read More