BEIJING - Aluminum Corp of China Ltd, known as Chalco, is cutting output on some of its aluminium production lines in northern China, it said on Friday, as Chinese aluminium prices sank to a fresh two-year low.China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arr...Read More
There are several contrarian indicators flashing for UAAThe shares of Under Armour Inc (NYSE:UAA) are up 4.5% to trade at $24.19 this morning, after Wells Fargo upgraded the athleisure retailer to "market perform" from "underperform." The analyst in coverage waxed optimistic on Under Armour's sales and margin targets, while noting the bearish case for UAA has "run out of steam." On the charts...Read More
Mr. Paul Kuhn reportsDRILLING STARTS AT AVRUPA MINERALSALVALADE PROJECT, PORTUGALAvrupa Minerals Ltd. has started drilling at the Sesmarias copper/zinc discovery located on its 100-per-cent-owned Alvalade property in the Iberian Pyrite Belt (IPB) of south Portugal.The company will drill approximately 2,500 metres in five to seven diamond drill holes to enlarge and upgrade at least two lenses of c...Read More
Mr. Paul Kuhn reportsDRILLING STARTS AT AVRUPA MINERALSALVALADE PROJECT, PORTUGALAvrupa Minerals Ltd. has started drilling at the Sesmarias copper/zinc discovery located on its 100-per-cent-owned Alvalade property in the Iberian Pyrite Belt (IPB) of south Portugal.The company will drill approximately 2,500 metres in five to seven diamond drill holes to enlarge and upgrade at least two lenses of c...Read More
Spot prices for lithium could be pushed down in the early 2020s despite increasing demand from electric vehicle (EV) batteries makers, a new report from Moody's Investor Services warns.The analysts came to this conclusion after carrying out a mine-by-mine analysis projecting lithium supply build-up to 2025 based on company statements, including potential risks.Effects of spot price weakness result...Read More
* New plant to be built in Morowali nickel industry complex* Indonesia to become "main player" in lithium batteries* Well positioned to meet nickel, cobalt demand for EVs* Minister says Indonesia will "control world market" (Adds quotes, detail)JAKARTA - Developers will begin building a lithium battery project in Morowali, on the Indonesian island of Sulawesi, on Jan. 11, Coordinating Maritime Min...Read More
GME offered up dismal current-quarter and full-year profit forecastsThe shares of GameStop Corp. (NYSE:GME) have plummeted out of the gate after the video game retailer's quarterly earnings report. A round of bearish brokerage notes is only strengthening the headwinds, with GME stock down 9.1% to trade at $13.30, flirting with its worst day since Aug. 27, when it plunged 11.1%.Looking closer at ea...Read More
U.S. Trade Representative Robert Lighthizer is optimistic on talks with ChinaDow Jones Industrial Average (DJIA) futures are downthis morning, as investors around the world nervously monitor the G-20 summit unfolding in Buenos Aires, Argentina. All eyes are on President Donald Trump and Chinese leader Xi Jinping, who are expected to meet -- along with White House advisor Peter Navarro -- tomorro...Read More
Mr. Steve Fray reportsGOLDMONEY INC. INVESTEE MENE RAISES EQUITY & GOLD-SECURED NOTE FINANCINGGoldmoney Inc. investee company Mene Inc. has entered into agreements to raise $30-million in equity and gold-secured note financing from Canaccord Genuity Corp. and a private institutional investor, with potential for additional gross financings of over $100-million including potential warrant exerci...Read More
Mr. Steve Fray reportsGOLDMONEY INC. INVESTEE MENE RAISES EQUITY & GOLD-SECURED NOTE FINANCINGGoldmoney Inc. investee company Mene Inc. has entered into agreements to raise $30-million in equity and gold-secured note financing from Canaccord Genuity Corp. and a private institutional investor, with potential for additional gross financings of over $100-million including potential warrant exerci...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES FURTHER EXTENSION OF CONCENTRATES PREPAYMENT AGREEMENT WITH SAMSUNG C&TAvino Silver & Gold Mines Ltd.'s concentrates prepayment agreement with Samsung C&T U.K. Ltd., originally announced on July 9, 2015, as amended, has been further extended for repayment of the balance of the principal amount of $6,666,670 (U.S.) to Samsung over a two-year perio...Read More
Mr. David Wolfin reportsAVINO ANNOUNCES FURTHER EXTENSION OF CONCENTRATES PREPAYMENT AGREEMENT WITH SAMSUNG C&TAvino Silver & Gold Mines Ltd.'s concentrates prepayment agreement with Samsung C&T U.K. Ltd., originally announced on July 9, 2015, as amended, has been further extended for repayment of the balance of the principal amount of $6,666,670 (U.S.) to Samsung over a two-year perio...Read More
(Updates with closing prices) * Zinc backwardation touches 20-year high * GRAPHIC-2018 asset returns: By Zandi ShabalalaLONDON, Nov 30 (Reuters) - Copper prices steadied on Fridayahead of a meeting of global leaders at the G20 summit, where along-standing trade disputebetween China and the United Statesis expected to take centre stage.Tit-for-tat trade tariffs have rattled global markets andsapped...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD INCREASES FOSTERVILLE MINE'S 2018 PRODUCTION OUTLOOK TO OVER 330,000 OUNCESKirkland Lake Gold Ltd.'s Fosterville mine is on track for record quarterly production in the fourth quarter of 2018, with full-year 2018 production now expected to exceed 330,000 ounces versus current guidance of 300,000 to 310,000 ounces. Fosterville's strong fourth quarter 201...Read More
Mr. Anthony Makuch reportsKIRKLAND LAKE GOLD INCREASES FOSTERVILLE MINE'S 2018 PRODUCTION OUTLOOK TO OVER 330,000 OUNCESKirkland Lake Gold Ltd.'s Fosterville mine is on track for record quarterly production in the fourth quarter of 2018, with full-year 2018 production now expected to exceed 330,000 ounces versus current guidance of 300,000 to 310,000 ounces. Fosterville's strong fourth quarter 201...Read More
XAU/USD: Gold prices retreats to 1223.60 support What is going on with XAU/USD? XAU/USD: Gold prices bounced in yesterdays session at 1211.00 support in the 60 minutes price chart. The pair pierced through it 500 EMA at 1218.95 and reached 1226.00 before pulling back to its 500 EMA. Gold prices extended its run to the upside during the overnight session and reached 1229.00 before retreating to 122...Read More
Discussions around trade are expected to dominate the G-20 summit, with the meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping likely to take center stage.Most experts are not expecting a major breakthrough in the ongoing U.S.-China tariff fight."At most, there might be an agreement for the president to withhold further tariffs ... in exchange for discussions over t...Read More
(Updates prices) * Spot gold up about 0.6 pct so far this month * Palladium hits a record high of $1,197.50/oz * Platinum poised for fourth weekly decline By Swati VermaBENGALURU, Nov 30 (Reuters) - Gold edged lower on Friday asthe dollar firmed ahead of an expected meeting between U.S.President Donald Trump and China's President Xi Jinping at theG20 summit, but bullion was on track to post its se...Read More
Aurania Resources' (TSXV: ARU) exploration team announced the discovery of silver-lead-zinc mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead in its Lost Cities - Cutucu project in Ecuador.In a media statement, the Toronto-based miner said that the discovery was made between the new Tiria epithermal gold-silver target and the Jempe copper porphyry zone.Accor...Read More
Aurania Resources' (TSXV: ARU) exploration team announced the discovery of silver-lead-zinc mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead in its Lost Cities – Cutucu project in Ecuador.In a media statement, the Toronto-based miner said that the discovery was made between the new Tiria epithermal gold-silver target and the Jempe copper porphyry zone...Read More