Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More
Gold hasn't been this expensive, in silver terms, in a quarter-centuryThis week, I'm looking at gold and silver, which are behaving very strange lately relative to each other. The chart below shows the two commodities since 2010. Gold has shot higher recently to its highest levels since 2013. Silver, on the other hand, has moved higher recently, but has significantly lagged behind gold. Gold/Silve...Read More
(Adds more comment)By Elizabeth PiperLONDON, July 24 (Reuters) - Boris Johnson has appointedDominic Cummings, an architect of Britain's Brexit campaign, asa senior adviser, a move his team hopes will help deliver thenew leader's "do or die" pledge to leave the European Union byOct. 31.The appointment of Cummings, known for a combative stylethat charms and offends in equal measure, was la...Read More
* GRAPHIC-2019 asset returns:* Tin price hits three-year low (Updates with closing prices, date for U.S-China talks)By Pratima DesaiLONDON, July 24 (Reuters) - Copper prices rose on Wednesdayas news that U.S. officials would travel to China next week toresume trade talks helped to boost sentiment in industrialmetals markets under pressure from concerns over growth anddemand.Benchmark copper on the...Read More
* GRAPHIC-2019 asset returns:* Tin price hits three-year low (Updates with closing prices, date for U.S-China talks) By Pratima Desai LONDON, July 24 (Reuters) - Copper prices rose on Wednesdayas news that U.S. officials would travel to China next week toresume trade talks helped to boost sentiment in industrialmetals markets under pressure from concerns over growth anddemand. Benchmark copper on...Read More
* Johnson is Britain's new PM, appoints ministers * Johnson vows 'no ifs or buts' Brexit * 'We can do a deal' - Johnson says * He promises to quit EU by end of October, come what may * Sajid Javid appointed finance minister(Adds appointments, Tusk)By William James and Kylie MacLellanLONDON, July 24 (Reuters) - Boris Johnson promised in hisfirst speech as prime minister to lead Britain out of theEu...Read More
Tin's three-month price on the London Metal Exchange fell by some 2% at the close of trading on Tuesday July 23, slipping to a fresh low of $17,555 per tonne over the day's trading - the lowest level since 2016 - while copper futures failed to close above the nearby $6,000-per-tonne resistance level. Turnover was moderately light across the day's trading, with copper's 11,700 lots leading the comp...Read More
Norsk Hydro's Alunorte alumina refinery has reached 80-85% utilization after the Brazilian government lifted a production embargo against the facility in May.The Norwegian aluminium producer announced on Tuesday July 23 that a continued ramp-up in production at its facilities in Brazil has been successful. Capacity utilization at Alunorte, located in the northern Brazilian state of Par??, is expec...Read More
Nickel's three-month price on the London Metal Exchange was higher during morning trading on Tuesday July 23, continuing its upward trajectory above $14,300 per tonne, while tin's three-month price slipped to just over $17,630 per tonne - close to its lowest level since 2016. Turnover was moderate over the morning session, with European trading hours opening to some 4,000 lots of copper and 3,500...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher after a late-session surge Tuesday on a report that the U.S. and China would resume face-to-face trade talks. Shares of Snap (SNAP) rose as the parent company of Snapchat gets ready to report earnings after the bell. Snap is Real Money's Stock of the Day. Coca-Cola (KO) shares climbed after the b...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday July 23 that are worth another look.Russian producer UC Rusal has completed the installation of a new aluminium smelter with capacity for 120,000 tonnes per year at its Boguchansky plant at Krasnoyarsk in Russia, it said on Tuesday July 23. Rising freight rates offset the benefit of a 3.5% increase in chrome ore prices ...Read More
Rising freight rates offset the benefit of a 3.5% increase in chrome ore prices in terms of producer sales in the week to Friday July 19, market sources told Fastmarkets. Chrome ore prices jumped on Friday amid rising nickel prices and stronger sentiment around the stainless steel market. Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China, rose by $5 per tonne, o...Read More
Norsk Hydro's Alunorte alumina refinery has reached 80-85% utilization after the Brazilian government lifted a production embargo against the facility in May.The Norwegian aluminium producer announced on Tuesday July 23 that a continued ramp-up in production at its facilities in Brazil has been successful. Capacity utilization at Alunorte, located in the northern Brazilian state of Par??, is expec...Read More
German steelmaker ThyssenKrupp approved investment funds to build a new chromium coating line for packaging steel at its Rasselstein site in Andernach, western Germany, it said late in the week ending on July 19.The new coating line will be a replacement for the current line, following a change in European Union (EU) regulations. ThyssenKrupp declined to provide the value of the investment but sai...Read More
Strategic & Precious Metals Processing's (SPMP) antimony and gold processing facility in Sohar, Oman, has produced its first antimony metal, parent company Tri-Star Resources said on Monday July 22. Tri-Star, which has a 40% equity interest in SPMP, has reported the facility's first antimony production after nine months of remedial activity and several technical issues that have delayed output ini...Read More
Turkish steel mills remained silent over the course of the day on July 23, while news of an older cargo was revealed, sources told Fastmarkets on Tuesday July 23.The market is waiting to hear of any fresh cargo purchases this week, after a cargo that was reportedly sold on July 19 came to light late on Monday July 22.A steel mill in the Iskenderun region bought a United States-origin cargo compris...Read More
Against a backdrop of poor economic growth, especially in Germany and China, and in the absence of fresh news, markets seem to be content to consolidate this morning, Tuesday July 23.This is especially so ahead of the release of flash manufacturing purchasing managers' index (PMI) data on Wednesday and the European Central Bank (ECB) rate decision on Thursday. Metals consolidate after recent price...Read More
The principal flat steel suppliers to Russia's Central Federal District around Moscow have increased their prices on seasonally good demand, sources told Fastmarkets on Monday July 22.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 44,500-45,000 roubles ($706-714) per tonne on July 22, including 20% VAT. This was up from 43,000-44,500 roubles per...Read More
German steelmaker ThyssenKrupp approved investment funds to build a new chromium coating line for packaging steel at its Rasselstein site in Andernach, western Germany, it said late in the week ending on July 19.The new coating line will be a replacement for the current line, following a change in European Union (EU) regulations. ThyssenKrupp declined to provide the value of the investment but sai...Read More
Prices paid for flat steel imports into the United Arab Emirates and Saudi Arabia were stable this week, with demand remaining weak amid the seasonal summer lull.Buying may improve if prices fall by about $25 per tonne, but such a fall is unlikely any time soon, one market participant said.UAE Offers for hot-rolled coil imports from China to the UAE came in at $500-510 per tonne cfr, but no major...Read More