* Co maintains annual revenue forecast of 6-8 pct* CEO says sees strong demand outlook* See spends coming back in North America - COO (Recasts, add execs' comments from news conference)By Sankalp Phartiyal and Krishna V KurupMUMBAI/BENGALURU, Oct 16 (Reuters) - Infosys Ltd INFY.NS retained its revenue forecast for the current financial year, with the chief of India's second largest IT firm sayin...Read More
Oct 16 (Reuters) - Amazon.com Inc AMZN.O is likely to buy an at least 7 percent to 8 percent stake in India's Future Retail (NS:FURE) Ltd FRTL.NS through an investment arm, CNBC-TV 18 reported, citing sources.The potential cash-and-stock deal, which is in its final stages, could be worth 25 billion rupees ($338 million) and is likely to be signed in the next two weeks, the channel https://www.cn...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just above the $6,000 level, strug...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsCopper production rose by 1% year-on-year to 409,000 tonnes due to higher volumes at Escondida, which was...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesIt produced 5.36 million pounds of copper and 3,010 ounces of gold, up 5% and 6% respectively on the previous corresponding period, due mainly to an 8% increase in processed ore.The com...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources On the heels of a feasibility study in July that laid out a commercial case for restarting the operation, CEO Rodrigo Barbosa hailed the development as a "transformational milestone" for the project and company.He said the proejct was on track to achieve commercial production by the end of the year. Amerigo MVC plant ramp-up on courseS...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe company received its activated Class III underground injection control (UIC) area permit, allowing it to extract up to 125 million pounds of copper per annum, using what it described as the ...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsThough no official government statement has been issued, Reuters has cited anonymous bureaucrats within t...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 16.Please click...Read More
Base metals prices on the London Metal Exchange made mixed movements at the close of trading on Tuesday October 16, broadly supported by a weaker US dollar index and a marginal recovery in global equity markets.Continuing to outperform the rest of the complex, the three-month lead price remains elevated, closing above $2,050 per tonne and up more than 10% from its fresh 2018 low of $1,876 per tonn...Read More
Rio Tinto lowered its 2018 guidance for aluminium by more than 4% on Tuesday October 16, to reflect the impact of the ongoing lock-out at the Becancour smelter in Quebec, Canada.The company's guidance figure for aluminium production has been revised to 3.4-3.5 million tonnes from 3.5-3.7 million tonnes previously, excluding any potential adjustment from the completion of the sale of the Aluminium...Read More
Higher October tender prices for ferro-chrome in China have boosted prices for imported ore and alloy. Chinese mills' tender prices boost spot prices for imported ore, alloyDomestic spot prices stable in China Alloy prices steady in Japan, South Korea European alloy prices continue to slide Alloy prices stabilize in the United StatesChrome ore and ferro-chrome import spot markets strengthened agai...Read More
Rio Tinto lowered its 2018 guidance for aluminium by more than 4% on Tuesday October 16, to reflect the impact of the ongoing lock-out at the Becancour smelter in Quebec, Canada.The company's guidance figure for aluminium production has been revised to 3.4-3.5 million tonnes from 3.5-3.7 million tonnes previously, excluding any potential adjustment from the completion of the sale of the Aluminium...Read More
Higher October tender prices for ferro-chrome in China have boosted prices for imported ore and alloy. Chinese mills' tender prices boost spot prices for imported ore, alloyDomestic spot prices stable in China Alloy prices steady in Japan, South Korea European alloy prices continue to slide Alloy prices stabilize in the United StatesChrome ore and ferro-chrome import spot markets strengthened agai...Read More
The Turkish deep-sea scrap market remained silent again on Tuesday October 16, with volumes of billet being purchased instead of scrap, according to market participants.Appetite for scrap has been falling and demand remains low, with reports of mills choosing to purchase billet instead. Turkish domestic billet prices have been on a general downtrend since September 13.Many Turkish steel mills have...Read More
Here are eight key things Fastmarkets MB learned at the aluminium trade show in Dusseldorf on October 9-11 and during LME Week in London. Market cautious on spreads, Rusal Market participants are watching the developments in the aluminium market in the coming months with caution, due to uncertainty about spreads and the future of sanctions against UC Rusal. Should the United States remove sanction...Read More
The price of copper on the Comex exchange in the United States was slightly lower on the morning of Tuesday October 16, with the market unable to sustain the momentum it gained after LME Week in London earlier this month.The copper price for December settlement on the Comex division of the New York Mercantile Exchange dipped by 0.50 cents to $2.7880 per lb.Despite disruptions at key producing faci...Read More
Export prices for flat steel from the Commonwealth of Independent States were weak on Tuesday October 16, reflecting the downtrend in China's export market for hot-rolled coil (HRC).Fastmarkets' weekly price assessment for CIS-origin HRC exports narrowed to $520-530 per tonne fob Black Sea on October 16, from $515-540 per tonne fob Black Sea a week earlier."Suppliers [in the CIS] have no arguments...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia have decreased over the past week, with demand being weak, sources told Fastmarkets on Tuesday October 16. UAE Hot-rolled coil (HRC) was offered to the UAE at $590-595 per tonne cfr from China. Russia's Severstal sold HRC at $575-580 per tonne cfr to the UAE. India was offering HRC at $600 per tonne cfr, but buyers believe the p...Read More
Domestic flat and long steel prices in Argentina have remained unchanged this month amid strong currency volatility and hesitation in the market.Fastmarkets MB's monthly assessment of Argentina's domestic hot-rolled coil (HRC) price was at $725-755 per tonne ex-works on Friday October 12, stable with the assessment September.While the price of domestic cold-rolled coil (CRC) in Argentina on an ex-...Read More