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METALS-Zinc rallies as stocks slide, China-U.S. trade tensions ease

November 15, 2018 / www.kitco.com

* LME zinc stocks at lowest in a decade * Shanghai zinc stocks near decade lows* Aluminium hits lowest since last August (Adds closing prices, details)By Maytaal AngelLONDON, Nov 15 (Reuters) - Zinc rallied on Thursday,supported by sliding stockpiles and signs China may be takingsteps to de-escalate its trade dispute with the United States.London Metal Exchange (LME) zinc stocks fellto a decade lo...Read More

TITANIUM SNAPSHOT: Ferro-titanium price losses persist but floor seen

November 16, 2018 / www.metalbulletin.com

Key data from the Wednesday November 14 pricing session in Europe. Key driversThe recent downward trend in the ferro-titanium price has created more losses in the European alloy market. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.Trading activity was slower this week, with many market participants at Fastmarkets MB' International Ferro-alloys conference in...Read More

Gold Seeker Closing Report: Gold and Silver Gain with Stocks

November 15, 2018 / news.goldseek.com

CloseGain/LossGold $1213.30+$1.40Silver$14.29+$0.14XAU64.99+2.30%HUI146.41+2.06%GDM532.07+1.79%JSE Gold1108.65+27.91USD97.05+0.13Euro113.34+0.14Yen88.24+0.09Oil$56.46+$0.2110-Year3.113%-0.009T-Bond138.90625+0.03125Dow25289.27+0.83%Nasdaq7259.03+1.72%S&P2730.20+1.06% The Metals: Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then chopped back higher...Read More

Pound Falls 2.5% Against Gold as UK Government in Turmoil Over Brexit

November 15, 2018 / news.goldseek.com

The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May's UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.Gold in GBP (24 Hours)The pound has fallen 2.6% against gold in less than twenty four hours seeing gold rise from ?923 to ?947 per ounce in sterling terms.The pound slumped the most in more than...Read More

Chinese cobalt metal price down, traditional brands lose market share

November 16, 2018 / www.metalbulletin.com

The cobalt metal price in China edged lower mid-week, pressured by the overall bearish sentiment toward the cobalt market's outlook following an industry event last week.Fastmarkets assessed the Chinese cobalt metal price at 410,000-430,000 yuan per tonne ($23.10-24.22) per lb, China VAT-free, on Wednesday November 14, down 4.5% from 430,000-450,000 yuan per tonne previously. "Following the event...Read More

DAILY SCRAP REPORT: Prices down on fresh transactions

November 16, 2018 / www.metalbulletin.com

Turkish steel producers resumed their deep-sea scrap purchasing on Thursday November 15, following a downturn in prices.A steel producer in northern Turkey booked a Baltic Sea cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $335 per tonne cfr.Another steel mill in the Iskenderun region booked a United States cargo, comprising 17,000 tonnes of HMS 1&2 (80:20) at $335 per tonne and 3,000...Read More

TITANIUM SNAPSHOT: Ferro-titanium price losses persist but floor seen

November 16, 2018 / www.metalbulletin.com

Key data from the Wednesday November 14 pricing session in Europe. Key driversThe recent downward trend in the ferro-titanium price has created more losses in the European alloy market. The trend started on September 12, when the market was assessed at $5.80-6.05 per kg.Trading activity was slower this week, with many market participants at Fastmarkets MB' International Ferro-alloys conference in...Read More

UK FERROUS SCRAP: November prices rolled over for second month

November 16, 2018 / www.metalbulletin.com

UK ferrous scrap prices for deliveries in November have been rolled over due to steady business and a small increase in European export prices to the key destination of Turkey, which meant there has been no support for changes to British domestic scrap prices, trade sources told Metal Bulletin on Wednesday November 14.UK suppliers had initially pushed for an increase of around ?5-10 ($6-13) per t...Read More

LIVE FUTURES REPORT 15/11: Comex copper price jumps up on positive macroeconomics

November 16, 2018 / www.metalbulletin.com

The Comex copper price moved higher on Thursday November 15 amid a broad-based increase due to a solid macroeconomic backdrop ahead of the end of year holiday season .The copper price for December settlement on the Comex division of the New York Mercantile Exchange jumped 4.20 to $2.7520 per lb."We continue to expect a strong rebound in copper prices by the end of 2018 principally because investor...Read More

Nexus to acquire B.C. gold-copper project

November 15, 2018 / resourceworld.com

Drilling at Nexus Gold's Rakounga exploration permit in Burkina Faso. West Africa. Source: Nexus Gold Corp.Nexus Gold Corp. [NXS-TSXV; NXXGF-OTC] said Thursday November 15 that it has struck a deal with company director Warren Robb to acquire the a gold-copper exploration property in the Bridge River Mining Camp, approximately 180 km north of Vancouver, British Columbia.Robb is also the company's...Read More

PRECIOUS-Gold holds ground as dollar gains on Brexit turmoil

November 15, 2018 / www.kitco.com

* Silver moves up from multi-year lows of previous session * Further gains likely if gold holds above $1,210 - analyst (Updates prices and adds comments)By Sumita LayekBENGALURU, Nov 15 (Reuters) - Gold held steady on Thursdayas opposition within Britain's Conservative Party to a draft EUexit deal hit sterling and lifted the dollar,making bullion less attractive for holders of other currencies.Spo...Read More

METALS MORNING VIEW 15/11: Metals prices rebound after dollar pulls back

November 16, 2018 / www.metalbulletin.com

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.7% on the morning of Thursday November 15. Zinc and nickel prices were up by the most with gains of 1.2% and 1.1% respectively, while copper was up by 0.8% at $6,149 per tonne. The others were up by between 0.2% for aluminium and 0.8% for lead. Volume has been below average with 4,583 lots trade...Read More

Endeavour rallies on new Burkina gold estimate

November 15, 2018 / resourceworld.com

The processing plant for Endeavour Mining's Hound?(C) Mine in Burkina Faso, West Africa. Source: Endeavour Mining Corp.Endeavour Mining Corp. [EDV-TSX; EDVMF-OTCQX] on Thursday November 15 announced a significant maiden resource estimate for the previously announced Kari Pump discovery at its flagship Hound?(C) Mine in Burkina Faso, West Africa.Kari Pump's one million ounce maiden indicated resour...Read More

Global Stocks Reverse Gains as UK Government Plunges Into Brexit Turmoil - TheStreet

November 16, 2018 / www.thestreet.com

The Thursday Market Minute Global stocks reverse gains, sending U.S equity futures into the red, after a key U.K. lawmaker resigns from government over Prime Minister Theresa May's Brexit deal, triggering the potential for a leadership challenge or fresh national elections.Markets had been higher as reports of progress in U.S.-China trade talks gave investors a chance to re-enter risk marke...Read More

FOCUS: HPAL process 'not a quick solution' to battery-grade nickel tightness

November 16, 2018 / www.metalbulletin.com

Planned investment by China in high-pressure acid-leaching (HPAL) projects for nickel mining will materialize, but the projected production timeframes are very likely to be pushed back, and development costs are liable to increase, market participants have told Fastmarkets."[The Chinese are] looking to take advantage of the expected growth [in nickel demand for battery uses]. All of us are skeptic...Read More

GLOBAL MARKETS-Sterling, euro stocks scuttled as Brexit deal slams the rocks

November 15, 2018 / www.kitco.com

* Sterling tumbles a cent after Brexit deal hopes crumble* Asia rose overnight on U.S.-China trade hopes * Oil nudges higher for second day after 12-day losingstreak* Dollar gets going after soft start, Wall Street seenedging high * Bunds rally, Italian bond yields dip as budget remains infocus By Marc JonesLONDON, Nov 15 (Reuters) - Sterling tumbled and the rest ofEurope's share markets groaned o...Read More

Chinese cobalt metal price down, traditional brands lose market share

November 16, 2018 / www.metalbulletin.com

The cobalt metal price in China edged lower mid-week, pressured by the overall bearish sentiment toward the cobalt market's outlook following an industry event last week.Fastmarkets assessed the Chinese cobalt metal price at 410,000-430,000 yuan per tonne ($23.10-24.22) per lb, China VAT-free, on Wednesday November 14, down 4.5% from 430,000-450,000 yuan per tonne previously. "Following the event...Read More

EUROPE CRC: Domestic prices slip downward in slow market

November 16, 2018 / www.metalbulletin.com

Domestic prices for cold-rolled coil (CRC) have moved down slightly over the past week in Europe on slow trading, sources told Fastmarkets on Thursday November 15.Demand was slow because distributors have sufficient volumes in stock, according to market sources.In addition, the future price trend in the coil market was not clear to buyers so they preferred to hold back from purchasing.This week, d...Read More

Medical Cannabis Stocks Are Ripe for the Picking

November 15, 2018 / www.energyandcapital.com

I'm not going to lie...While I'm not a gambler, and I've never had much use for Las Vegas, Sin City does have one thing I absolutely love...A 24-hour drive-thru cannabis dispensary.It's called NuWu Cannabis Marketplace. And it was a sight for sore eyes after I landed at McCarran International at 10:30 p.m., having been up for nearly 20 hours.My Uber driver took me there first before driving me to...Read More

Guyana Goldstrike Inc. (TSX.V:GYA, OTC:GYNAF, FSE:1ZT): Canadian Gold Company, Focused on Near-Term Production and Advanced Exploration; Interview with Peter D. Berdusco, President and CEO

November 14, 2018 / www.metalsnews.com

Guyana Goldstrike Inc. (TSX.V:GYA, OTC:GYNAF, FSE:1ZT) is a Canadian gold exploration and development company, with a focus on near-term production and advanced exploration. The Company's operations are in Guyana, South America, where its asset, the Marudi Gold Project is under development. The project is 13,500 acres in size, contains a mineral resource estimate, a permitted mining license and re...Read More

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