Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More

Gold jumped out of the gate on Friday, rising more than 1% in heavy volumes as investors seek a safe haven amid a widening trade war unleashed by US President Donald Trump.Gold for delivery in August, the most active futures contract, reached a high of $1,311.80 an ounce, the highest in seven weeks with 29m ounces changing hands in New York by lunchtime.Trump's plan to impose a 5% tariff on all Me...Read More

With rare earths in the cross hairs of the U.S.-China trade war, there's a sharp focus on who else can sell the critical minerals.Russia could become one supplier. The country accounts for less than 2% of global production, but owns the world's fourth-biggest reserves, according to the U.S. Geological Survey. There are two projects that could come online by 2023, but they've been set back by delay...Read More

After months of apprehension, fragments of the northern slope of Vale's (NYSE:VALE) Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, has begun to gradually slide into the bottom of the open pit, reducing the risk of a new dam break, the company said on Friday."These pieces settled gently at the bottom of the pit with early assessments indicating that the wall is sliding gradu...Read More

After months of apprehension, fragments of the northern slope of Vale's (NYSE:VALE) Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, has begun to gradually slide into the bottom of the open pit, reducing the risk of a new dam break, the company said on Friday."These pieces settled gently at the bottom of the pit with early assessments indicating that the wall is sliding gradu...Read More

Gold premiums in top consumer China rose this week as investors bought the metal as a safe-haven due to rising trade tensions with the United States, while bullion demand moderated in India as local prices jumped to two-week highs.In China, premiums rose to about $14-$18 an ounce over the benchmark from $12-14 an ounce last week."Investment demand has been picking up, due to uncertainties on trade...Read More

Gold premiums in top consumer China rose this week as investors bought the metal as a safe-haven due to rising trade tensions with the United States, while bullion demand moderated in India as local prices jumped to two-week highs.In China, premiums rose to about $14-$18 an ounce over the benchmark from $12-14 an ounce last week."Investment demand has been picking up, due to uncertainties on trade...Read More

QCOM is headed toward its biggest monthly loss since early 2002Qualcomm, Inc. (NASDAQ:QCOM) topped out above $90 earlier this month after the chipmaker settled with Apple (AAPL) in a patent dispute -- marking QCOM stock's highest mark since January 2000. The shares quickly retreated on news of an antitrust court ruling, last seen down 1.6% at $65.56 -- putting them on track for their worst monthly...Read More

Malaysia's energy and environment ministry is seeking meetings with Australian officials in June to discuss ways to manage the radioactive waste from Lynas Corp's rare earth processing plant in Malaysia, a ministry spokeswoman said."The discussions will be about the removal of the radioactive waste from Malaysia. The conditions (for Lynas) are intact," she told Reuters, referring to the conditions...Read More

GM is the largest automaker in MexicoThe auto sector took a hit this morning thanks to President Donald Trump's threats to impose up to 25% tariffs on all imports from Mexico in the coming months. As the largest automaker in Mexico, General Motors Company (NYSE:GM) has been hit hardest thus far, down 4.2% to trade at $33.85. General Motors stock has now breached its year-to-date breakeven point...Read More

Zimbabwe mining companies can pay for electricity in foreign currency to guarantee supplies, the energy minister said on Friday, a day after he indicated there could be deeper power cuts in the country due to low dam water levels.Fortune Chasi said on Thursday the country's largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate...Read More

Put traders have been buying options on EWW in recent weeksMarkets are reeling this morning after President Donald Trump said he will impose tariffs on imports from Mexico, and that's obviously bad news for the iShares MSCI Mexico ETF (EWW). The Mexican exchange-traded fund (ETF) is set to open down 5% at $42.30, which would be its worst day of 2019. However, not everyone may be a loser during th...Read More

Trump will impose tariffs on Mexico until it stops the flow of illegal migrantsFutures on the Dow Jones Industrial Average (DJI) are signaling a negative open, down more than 200 points, after President Donald Trump tweeted he will impose a 5% tariff on Mexican imports beginning June 10. "The Tariff will gradually increase until the Illegal Immigration problem is remedied," he wrote. Auto stocks a...Read More

Zambia's Konkola Copper Mines (KCM) is not producing copper, the chief executive of the mining firm's owner Vedanta Resources said on Friday.Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes KCM business and said in a statement that it was seeking international arbitration.Legal proceedings in Zambia have been adjourned to Jun...Read More

Zambia's Konkola Copper Mines (KCM) is not producing copper, the chief executive of the mining firm's owner Vedanta Resources said on Friday.Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes KCM business and said in a statement that it was seeking international arbitration.Legal proceedings in Zambia have been adjourned to Jun...Read More

(Updates with closing prices)By Peter HobsonLONDON, May 31 (Reuters) - Copper was set for its biggestmonthly fall since November 2015 as weak Chinese factory dataand a U.S. threat to impose tariffs on Mexican goods fannedfears that trade disputes will damage the global economy anddemand for metals.Benchmark copper on the London Metal Exchange(LME)ended down 0.4% at $5,830 a tonne.The metal used in...Read More

". @IvanhoeMines_ is advancing its three principal projects in Southern Africa: 1) Platreef Project; 2) Kamoa-Kakula copper discovery and 3) Kipushi Project. Ivanhoe Mines will be presenting in June at the Mining Journal Select conference. https://t.co/qhqmCphM6E"Read full newsRead More

Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More

Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More

Desert Gold Ventures (TSXV: DAU) announced this week that the Malian government approved the renewal of its permit to operate the Djimbala project in southern Mali.In a press release, Desert said the permit renewal is for an initial 3-year term, renewable for two additional 2-year terms, which gives the Canadian company control of Djimbala until May 2026.At present, the British Columbia-based mine...Read More