Closing prices for base metals on the London Metal Exchange were mixed on Tuesday November 13, with lead the biggest positive move of the day while zinc failed to close above its nearby support level amid record-low LME inventories for both metals. The three-month lead price climbed over 1% today, recovering losses made at Monday's close and pushing above $1,950 per tonne to $1,952 per tonne at 5p...Read More

The Comex copper price staged a modest recovery in the US morning on Tuesday November 13, with the dollar index showing some weakness and allowing the price to climb.The copper price for December settlement on the Comex division of the New York Mercantile Exchange recovered 1.75 cents to $2.6940 per lb.Also, renewed hopes for a US-China trade deal is lending support to the metals...Read More

Gold prices on Monday settled lower for a third straight session as a popular gauge of the dollar strengthened to its highest level in more than 17 months, weighing on demand for the precious metal. December gold GCZ8, +0.09% lost $5.10, or 0.4%, to settle at $1,203.50 an ounce, after posting a drop of 2% last week, falling nearly 1.4% on Friday alone. Monday marked the lowest finish for a most-...Read More

Seaborne coking coal prices were mostly flat on Tuesday November 13 amid inactivity in the spot market.A cargo of second-tier hard coking coal was sold to an end user in southern China at around $195 per tonne fob Australia, market sources told Fastmarkets. They said the cargo was part of a term contract for the month of December."Though this is not a spot transaction, it is still rather closely a...Read More

British Columbia-based AJN Resources (CSE: AJN) announced today that the company has acquired additional claims at the Salt Wells lithium project, located in western Nevada, 25 kilometres southeast of Fallon.With this acquisition, the company's claims grew from 78 to 105, and now total 850 hectares. These claims cover several major northwest trending faults that were detected by a magnetotellurics...Read More

Tasca Resources (TAC-V) today announced it has acquired the Selish Mountain property, a 290-hectare block 15 kilometres southwest of Merritt, B.C., and 10 kilometres to the north of Westhaven Ventures Inc.'s Shovelnose gold property, where recent drilling has returned intersections of 8.95 grams per tonne gold over 46.2 metres and 24.5 g/t gold over 17.77 metres. Historic exploration on the Selish...Read More

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Talon Metals (TSX: TLO; US-OTC: TLOFF) has announced a preliminary economic assessment for the Tamarack zone at its Tamarack North nickel-copper-cobalt project in Minnesota.The study assigns the project a $210 million after tax net present value at a 7% discount rate and a 38.8% after-tax internal rate of return with payback in 2.1 years.The project would require $174.31 million in initial capital...Read More

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More

SANTIAGO - Chilean environmental regulators have rejected plans by Albemarle Corp, the world's top lithium producer, to expand output from the Salar de Atacama salt flat, according to filings with Chile's Environmental Assessment Service (SEA).SEA said in a resolution on Monday that Albemarle's environmental impact statement, which included plans to build a new plant to produce 42,500 tonnes of li...Read More

* Hedge fund selling, demand worries drive 7 pct drop* Trump says OPEC should not cut production* OPEC cuts demand outlook for fourth straight month* U.S. futures post largest pct decline since Sept 2015* Crude prices slump: https://tmsnrt.rs/2PWBkdL (Updates to settlement; adds additional details, quotes; updates bullet points)By David GaffenNEW YORK, Nov 13 (Reuters) - Oil's slide accelerated on...Read More

Nov 13 (Reuters) - Chief Executive Officer and co-founder of Walmart-owned Indian e-commerce firm Flipkart Group, Binny Bansal, has resigned effective immediately, Walmart (NYSE:WMT) Inc WMT.N said in a regulatory filing on Tuesday."His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct," Walmart said in a statemen...Read More

(Changes sourcing, adds context)By Aditi Shah and Euan RochaNEW DELHI/MUMBAI, Nov 13 (Reuters) - Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways JET.NS , four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.Tata is very interested in Jet but it is not at a stage of conducting due diligence or...Read More

With the introduction of the new Cat 798 AC, Caterpillar expands its mining truck line to give customers the flexibility to choose what meets their needs and preferences. (Image supplied.)When Komatsu acquired Joy Global in 2016, the Japanese firm expanded its portfolio from surface to underground mining equipment, becoming the strongest competitor in th...Read More

Nov 14 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More

Nov 13 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ------------------------------------------------...Read More

RAPAPORT... Civil-society groups have lashed out at the diamond trade over its apparent leniency in preventing human-rights abuses from tainting the supply chain. The recent update to the World Diamond Council's (WDC) System of Warranties falls short of international standards for responsible company behavior, including by stating that respect for human rights by companies is voluntary, five...Read More

RAPAPORT... Shares in Titan Company rose after the retailer reported growthin revenue and profit in the second fiscal quarter. Sales jumped 28% to INR 45.95 billion ($630.2 million) inthe three months ending September 30, while profit climbed 8% to INR 3.01billion ($41.3 million), the Indian company said last week. Jewelry sales grew29% to INR 35.8236.45billion ($491.3499.9million) during the...Read More

RAPAPORT... Fellows sold a 14-carat diamond ring for more thandouble its estimate following a bidding war at its auction in Birmingham, UK,last week. The emerald-cut, 13.86-carat, H-color, VS2-clarity stone fetchedGBP 310,500 ($399,680) against a presale estimate of GBP 100,000 to GBP 150,000($128,700 to $193,100), the UK auction house said. A diamond-fringe necklace fetched GBP 177,160 ($22...Read More

ALROSA, the largest diamond mining company in the world, has summed up the results of the auction in Vladivostok for the sale of large rough diamonds, equaling over 10.8 carats.The company has sold 119 gem-quality rough diamonds with a total weight of 1,890 carats. The overall revenue from sales reached $10.3 million. ALROSA had held four auctions in Vladivostok this year, including the last one,...Read More