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Abitibi Royalties Inc. (TSX-V: RZZ, Nasdaq OTC: ATBYF): Owns Royalty Interests at the Canadian Malartic Mine near Val-d'Or Qu?(C)bec, Interview with Ian Ball, President and CEO

November 01, 2018 / www.metalsnews.com

Abitibi Royalties Inc. (TSX-V: RZZ, OTC: ATBYF, Nasdaq: ATBYF) owns various royalty interests at the Canadian Malartic Mine near Val-d'Or Qu?(C)bec, including a 3% NSR on portions of Odyssey, East Malartic, Jeffrey, Barnat Extension, 2% NSR on portions of the Gouldie/Charlie zones, 1.5% NSR on the Midway Project and a 15% NPI on the Radium Property. In addition, the Company is building a portfolio...Read More

Best week since Dec 2016 for European shares as trade hopes fuel rally

November 02, 2018 / www.kitco.com

LONDON (Reuters) - European shares had a third day of gains on Friday after U.S. President Donald Trump fueled hopes among investors that a deal to end a prolonged dispute over trade could be reached with his Chinese counterpart Xi Jinping later this month.The pan-European STOXX 600 hit its highest since Oct. 10 in early deals and sealed its best week since Dec 2016, rising 3.4 percent on the week...Read More

BATTERY RAW MATERIALS MARKET REPORT 02/11: Aggressive buyers push ex-China lithium prices down

November 03, 2018 / www.metalbulletin.com

An overview of the battery raw materials markets and their price moves from the past week.Read More

Trade log November 2018: Cobalt

November 03, 2018 / www.metalbulletin.com

Cobalt trade log including business, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Metal Bulletin prices Click here for Fastmarkets MB's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for...Read More

U.S. SEC collects nearly $4 billion in fines, disgorgement in fiscal 2018

November 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday.The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion in disgorgement and penalties.“...Read More

Google's top U.S. public policy official leaving post

November 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - Alphabet Inc’s (GOOGL.O) Google unit said on Friday that its Washington office chief, who also heads Americas policy, is stepping down as the company faces criticism on issues including how it protects users’ privacy and its investment plans in China.Susan Molinari, a former Republican member of Congress who has run Google’s Washington policy operations for...Read More

Germany, Poland pushing for Brexit deal in next few days: Merkel

November 02, 2018 / www.kitco.com

WARSAW (Reuters) - Germany and Poland want Britain and the European Union to agree on an orderly divorce process over the next few days, Chancellor Angela Merkel said on Friday, warning that a lot of work remained to be done before a final deal is reached.“Over the next few days, and I have to say we don’t have many days left, we want to agree an orderly process with Britain for when B...Read More

GLOBAL LITHIUM WRAP: China's battery-grade lithium carbonate prices stabilize

November 03, 2018 / www.metalbulletin.com

China's domestic spot battery-grade lithium carbonate prices stabilized this week, after last week's producer hikes brought an end to a year-long downturn. Some small orders were concluded at higher levels, but major buyers completed their purchasing earlier in October at cheaper prices, sources said. Lithium hydroxide prices remained stable on slow buying. ?EUR? Battery-grade lithium ca...Read More

Players in the Financials are the ones to watch even as cannabis insiders tiptoe back into stocks

November 01, 2018 / www.canadianinsider.com

In my latest interview with Jim Goddard, I explore how insiders are behaving during this period of transition as the Fed moves to tighten financial conditions after a decade of easy money. Based on our indicators, there are a few bright spots in North America, but generally the insider response to the market correction has been tepid. Ted Dixon November 1st Interview with Jim Goddard INK's Phar...Read More

Bayer CEO says would consider glyphosate settlement depending on costs

November 02, 2018 / www.kitco.com

ST. LOUIS, Mo. (Reuters) - Bayer AG’s chief executive said this week the company might consider settling lawsuits over Monsanto’s glyphosate-containing weed-killers depending on how high court costs rise, but stressed it remained focused on defending the combined company against claims they cause cancer.Bayer acquired Monsanto this year for $63 billion.“If we can settle nuisances...Read More

SEC collects nearly $4 billion in fines, disgorgement in fiscal 2018

November 02, 2018 / www.kitco.com

WASHINGTON (Reuters) - The Securities and Exchange Commission assessed $3.945 billion in disgorgement and penalties across 821 enforcement actions in fiscal 2018, the agency’s enforcement division said in its annual report on Friday.The total was a slight uptick in activity for the SEC, which reported just 754 actions in fiscal 2017 totaling $3.7 billion in disgorgement and penalties.“...Read More

Indian mills use incentives to boost domestic HRC sales

November 03, 2018 / www.metalbulletin.com

Steel mills in India have reduced their domestic price for hot-rolled coil (HRC) by about 500 rupees ($7) per tonne for November sales by providing incentives to distributors."We rolled back prices by about 500 rupees per tonne, with some conditions linked to targets to be achieved by our distributors," an official from an Indian steel mill said.But these measures were unlikely to help mills remai...Read More

Exxon Mobil profit tops estimates but production falls

November 02, 2018 / www.kitco.com

(Reuters) - Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimate on higher prices received for its oil and natural gas but its production volumes fell on a year-over-year basis.The company posted third-quarter net income of $6.24 billion, or $1.46 a share, compared with $3.97 billion, or 93 cents per share a year ago. Analysts had forecast a $1.23 a share pro...Read More

Chevron quarterly profit doubles as U.S. oil production jumps

November 02, 2018 / www.kitco.com

(Reuters) - U.S. oil and natural gas producer Chevron Corp (CVX.N) said on Friday its quarterly profit doubled as record oil and gas production helped overcome a series of one-time items.With the price of crude in the third quarter up 44 percent from the same period a year ago, major oil companies’ earnings have returned to levels not seen in as much as four years.Chevron topped analysts&rsq...Read More

South America flat steel import prices fall on lower offers from China, CIS

November 03, 2018 / www.metalbulletin.com

Import prices for hot-rolled coil, cold-rolled coil and plate in South America fell this week on lower offers and worsening sentiment among buyers.Fastmarkets MB's weekly import price assessment for HRC in South America was $560-570 per tonne cfr on Friday October 2, down $30 per tonne from $590-600 per tonne cfr a week earlier.The Fastmarkets import price assessment for CRC was $610-635 per tonne...Read More

Alibaba cuts sales forecast on economic uncertainty, trade fears

November 02, 2018 / www.kitco.com

(Reuters) - China’s Alibaba Group Holding Ltd (BABA.N) lowered its full-year sales forecast on Friday due to concerns about the economic impact of a U.S.-China trade spat, which the company expects will dent revenue ahead of its top sale season.Asia’s most valuable public company said it will cut its full-year revenue forecast to between 375 billion and 383 billion yuan ($54.4 bln-$55....Read More

TURKEY COATED FLAT STEEL: Prices increase slightly, but demand fails to improve

November 03, 2018 / www.metalbulletin.com

Domestic prices for coated steel coil products in Turkey increased slightly in the week ended Friday November 2, with demand remaining poor in the local market.Market participants were not expecting much improvement in local demand until the end of 2018, because of the low end-user requirements and the recent economic problems in the country.Export markets also started to weaken because of the yea...Read More

Sony says two catering team members involved in stabbing incident at London HQ

November 02, 2018 / www.kitco.com

LONDON (Reuters) - Sony Music UK said two of its catering team members had been involved in a violent altercation at its offices in central London on Friday after police said two people had been stabbed.“Sony Music confirmed there was an incident at Derry Street resulting in the building being evacuated,” a spokeswoman said in a statement.“Two members of the catering team were in...Read More

Tesla develops plan to make 3,000 Model 3s per week in Shanghai to cut tariff impact

November 02, 2018 / www.kitco.com

(Reuters) - Tesla Inc (TSLA.O) said on Friday that it is developing plans to start producing about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3 to reduce the impact of tariffs.The company also said here in a filing that Model S and Model X sales in China have been, and will likely continue to be, hurt by recently increased tariffs imposed by the Chinese g...Read More

Brazilian rebar prices up as producers impose earlier decision

November 03, 2018 / www.metalbulletin.com

Brazilian domestic rebar prices went up for a second month in November with producers fully implementing a rise of around 8.00% that was announced in September.Import competition, on the other hand, could become a problem if foreign exchange and international price movements continue to favor shipments from abroad, sources said.Fastmarkets' monthly assessment of domestic rebar prices in Brazil was...Read More

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