Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries.The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and en...Read More
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries.The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and en...Read More
Ralph Lauren stock recently breached its 320-day trendlineShares of retail giant Ralph Lauren Corp (NYSE:RL) are down 5.1% at $112.20 in early trading, despite the company reporting impressive fiscal fourth-quarter earnings and international sales. The pullback is in part due to adecline in North American revenue, on top of general fears around the effects of the U.S.-China tariff battle -- thoug...Read More
South Africa's Kumba Iron Ore Ltd said on Tuesday first-half headline earnings is expected to rise at least 160 percent, boosted by higher iron ore export prices and a weaker rand/U.S. dollar exchange rate.The company, a unit of Anglo American Plc, said headline earnings per share is expected to increase by at least 14.9 rand in the six months ending June 30, from 9.31 rand a year earlier.Headline...Read More
Rising meat prices could benefit Tyson FoodsDespite new competition from Walmart (WMT) and Beyond Meat (BYND), the shares of Tyson Foods, Inc. (NYSE:TSN) have still had a huge year, up 49% in 2019 to trade at $79.57. The outperformance has pushed the equity's 14-day Relative Strength Index (RSI) deep into overbought territory, last seen at 82. However, Credit Suisse weighed in on TSN stock this mo...Read More
U.S. import prices rose less than expected in April Futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are signaling a rebound this morning, after yesterday's intense, U.S.-China trade sell-off. The major stock market indexes suffered their worst session in months on Monday, after China retaliated with increased tariffs on $60 billion worth of U.S...Read More
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries.Legislation making its way through the U.S. Congress aims to help offset those gaps, but China remains the global EV sector leader, a dominance...Read More
Position update Yesterday after China raised tariffs to US, the short position of Gold Futures was directly stopped out.Considering the market reaction of September 24, 2018, when US raised tariffs to China, we closed Oil long positions at 62.8 and NZDUSD long position at cost.No new trade idea today. Click on the image to enlarge EURUSD Holding above 1.1215, the trend is still pointing higher...Read More
Commodity prices hurt this mining company's top line, but that alone doesn't suggest the company failed to shine brightly last quarter.Read full newsRead More
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit.The asset, near the town of Loznica, in western Serbia, gives Rio Tinto an option to supply the world's electrification needs, chief executive Jean-Sebasti...Read More
Global miner Rio Tinto (ASX, LON:RIO) may be ready to start mining lithium from its project in Jadar, Serbia in four years, but no decision will be made until the end of 2020, when the company expects to have completed a study on the deposit.The asset, near the town of Loznica, in western Serbia, gives Rio Tinto an option to supply the world's electrification needs, chief executive Jean-Sebasti...Read More
"We are pleased to announce that @AngloPacificPLC CEO Julian Treger will be speaking on our Keynote Panel: From Alternative to Mainstream: How Royalties has Changed the Face of #MiningFinance #MJS #MJSelect https://t.co/1nO4xextaX"Read full newsRead More
White Metal Resources (TSXV: WHM) announced that it entered into two binding letters of intent to purchase a 95% interest in certain prospective copper properties in Namibia.In a press release, the miner said that the two LOIs refer to four Exclusive Prospecting Licences that cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt, and prospective targets for furthe...Read More
White Metal Resources (TSXV: WHM) announced that it entered into two binding letters of intent to purchase a 95% interest in certain prospective copper properties in Namibia.In a press release, the miner said that the two LOIs refer to four Exclusive Prospecting Licences that cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt, and prospective targets for furthe...Read More
Erin Ventures (TSXV: EV) announced this week that it is ready to continue drilling at its Piskanja property in Serbia to advance the fundamentals of the boron project towards feasibility.In a press release, the Victoria, British Columbia-based miner said that management just finished putting together the next work program, which will be completed in approximately a 60-day period, once commenced.Ph...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Zandi ShabalalaLONDON, May 14 (Reuters) - Copper rebounded on Tuesday asinvestors emboldened by solid supply and demand fundamentalssought bargains after tit-for-tat trade tariffs between theUnited States and China triggered a fall in prices.China said on Monday that it would impose higher tariffs onmost U.S. imports on a revised $60 bi...Read More
The introduction of new, tougher standards together with recent case law, point to a harsher, less forgiving approach to enforcement and larger fines for regulatory non-compliance and failings in relation to environmental and social governance.European law firm Fieldfisher has observed a notable uptick in enquiries from mining clients on how to comply with increasingly strict standards on environm...Read More
The introduction of new, tougher standards together with recent case law, point to a harsher, less forgiving approach to enforcement and larger fines for regulatory non-compliance and failings in relation to environmental and social governance.European law firm Fieldfisher has observed a notable uptick in enquiries from mining clients on how to comply with increasingly strict standards on environm...Read More
Gold hit a 1-month high against the greenback during yesterday's risk-off session. But given gold's strength is broad-based, we suspect its corrective low could be in. It’s constructive to see that gold’s breakout was broad-based and not just limited to the USD. Having created a gold basket by taking a simple average of gold versus FX majors, we note that the retracement...Read More
Our latest Canadian Insider Insights newsletter explains how some insider trends are suggesting that global growth may be set to expand faster than the consensus thinks. Bamboo shoots anyone?Other topics include the latest INK Canadian Insider Index rebalancing highlights, and Bitcoin versus gold. Finally, our insider of the week has been on the job for less than a year, but his company stock has...Read More