Rio Tinto's (ASX, LON:RIO) chairman Jan du Plessis is stepping down in 2018, ending a run of more than eight years at the world's No. 2 miner, which is under scrutiny from international authorities over its former businesses in Guinea, Africa.He joins a growing list of chairmen who are leaving some of the world's top mining companies, including BHP's Jac Nasser and Anglo's John Parker.South Afric...Read More
* Dollar underpinned by rising yields as Fed hike looms* ECB holds rates, signals on stimulus due at news conference* Oil tries to regain footing after nasty spill, gold at 5-week low* World shares down for sixth day, longest run in over a yearBy Marc JonesLONDON, March 9 (Reuters) - World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.S. interest...Read More
* Dollar underpinned by rising yields as Fed hike looms* ECB expected to stick with stimulus at policy meeting* Oil tries to regain footing after nasty spill, gold at 5-week low* World shares down for sixth day, longest run in over a yearBy Marc JonesLONDON, March 9 (Reuters) - World shares chalked up their longest losing streak in well over a year on Thursday as bets on rising U.S. interest rates...Read More
Investing.com - Gold futures extended a slump into an eighth consecutive session Thursday, sending the yellow metal to the lowest level since the start of February amid increasing confidence the Federal Reserve will raise interest rates at its upcoming policy meeting next week.Comex gold futures touched a session low of $1,203.50 a troy ounce, a level not seen since February 1. It was last at $1,2...Read More
(Adds company news item, updates futures)March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points at 7,314 on Thursday, according to financial bookmakers, with futures FFIc1 down 0.5 percent ahead of the cash market open.* SHELL: Royal Dutch Shell RDSa.L has agreed to sell most of its Canadian oil sands assets for $7.25 billion to Canadian Natural CNQ.TO , the company said...Read More
March 9 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening down 21 points at 7,314 on Thursday, according to financial bookmakers.* BT GROUP-RIO TINTO: Rio Tinto RIO.L Chairman Jan du Plessis is set to step down and take up the chairmanship of BT Group Plc BT.L , with the announcement to be made by Britain's top mobile and broadband operator on Thursday, the Financial Times reported. BHP...Read More
* Dollar gains after ADP report raises Fed hike bets* Wall Street pressured by slumping oil overnight* Toshiba skids, Nintendo gains on Switch hopesTOKYO, March 9 (Reuters) - Japan's Nikkei share average rose on Thursday, benefitting from a weaker yen after the dollar gained when U.S. jobs data cemented expectations the U.S. Federal Reserve is poised to raise interest rates next week.The Nikkei .N...Read More
(Repeats story published earlier with no changes to text.)* Nearly 3.5 mln T of capacity on maintenance in March -Citi* Low fees could shrink refined copper supplies, underpin prices* Traders redirecting copper shipments among Asian portsBy Melanie BurtonMELBOURNE, March 8 (Reuters) - Spot processing fees in Asia for copper concentrate have slid to their cheapest in four years as shutdowns at the...Read More
CENTENNIAL, Colo., March 9, 2017 - Uranium Resources, Inc. (Nasdaq: URRE; ASX: URI), an energy metals exploration and development company, announced that President and Chief Executive Officer Christopher M. Jones will be presenting at the 29th Annual ROTH Conference in Dana Point, California at 10:30 a.m. Pacific Time on Wednesday, March 15, 2017. The ROTH Conference is organized by ROTH Capital...Read More
The FBI: The Silent Terror Of The Fourth Reich … Lately, there's been a lot of rhetoric comparing Donald Trump to Adolf Hitler. The concern is that a Nazi-type regime may be rising in America … That process, however, began a long time ago. … In fact, following the second World War, the U.S. government recruited Hitler's employees, adopted his protocols, embraced his mindset about...Read More
SHANGHAI, Mar 9 (SMM) – Nonferrous metals on the SHFE mostly dropped today except for tin, which inched up slightly. Zinc fell over 2%, copper slid almost 2%, and nickel dipped over 1%, while aluminium and lead edged down slightly.The ferrous complex saw larger drops in the afternoon as iron ore led the slump with a decline more than 5%. Coke dropped 4.7%, rebar slipped nearly 4%, while hot-...Read More
SHANGHAI, Mar 9 (SMM) – China's car sales are expected to be flat in 2018 due to sluggish demand, according to the China Automobile Dealers Association (CADA).Inventory pressure in China's automobile market eased in February, as the vehicle inventory alert (VIA) index came in at 52.3, showed data from CADA.The February VIA index fell 14.9 month on month, but...Read More
SHANGHAI, Mar 9 (SMM) – This is a roundup of global macro-economic news last night and what is expected today.Last nightThe US dollar rebounded above 90 overnight, while base metals saw mixed trading. SHFE copper, zinc, nickel dropped over 1%, lead edged down, while aluminium and tin inched up. LME nickel slid over 2%, copper lost close to 2%, while lead and zinc fell over 1%.China...Read More
SHANGHAI, Mar 9 (SMM) –Copper: As news of the simmering trade war rattled markets and as global inventories remained at highs from last year, base metals slumped across the board. We expect LME copper to weaken to $6,700/mt in the short term and to trade at $6,790-6,950/mt today. We see SHFE copper trading at 51,300-51,800 yuan/mt. In the physical market, spot discounts a...Read More
The FBI: The Silent Terror Of The Fourth Reich … Lately, there's been a lot of rhetoric comparing Donald Trump to Adolf Hitler. The concern is that a Nazi-type regime may be rising in America … That process, however, began a long time ago. … In fact, following the second World War, the U.S. government recruited Hitler's employees, adopted his protocols, embraced his mindset about...Read More
Find out more about URANIUM INVESTING now: https://katusaresearch.com/nextbigrush Disclaimer: I own shares of the following companies at the time of publishing: Royal Road Minerals and Deep Yellow Limited. I may dispose of those shares at any point.This video is highly biased!I intend to purchase shares in Sarama Resources in the next few days, if the story and prices remain the same.This is not a...Read More
After finishing 2016 up 25 percent, commodities are getting another boost from bullish investors. Investment bank Citigroup forecasts commodity prices will increase this year on strengthening demand in China and mounting inflation inspired by President Donald Trump's "America First" policies. Commodity assets under management globally stood at $391 billion in January, up 50 percent from the same t...Read More
Attendance at the Prospectors & Developers Association of Canada's (PDAC) 2017 Convention totalled 24,161-a strong indication that confidence has returned to the mineral exploration and mining industry.The annual PDAC Convention-the world's largest industry event-attracted investors, analysts, mining executives, prospectors, geologists, government officials and students."The mineral exploration an...Read More
Nickel fell to a 13-year low of $7,725 a tonne ($3.50 a pound) in February last year; then rallied to more than $11,700 by mid-November only to end the year barely above $10,000.This year the rollercoaster continued as news from top suppliers Indonesia and Philippines pull the metal in different directions. After a 10% rally in February, the price of nickel has been hammered down this week losing...Read More