Q1 RESULTS Barrick has reported a better - than - expected profit for the first quarter ended March 31,
as higher metal prices boosted the bottom line.
By: Henry Lazenby 26th April 2018 Canadian diversified miner Sherritt International has reported a narrower first - quarter headline loss of C$ 14.7 - million, or C$ 0.04 a share, compared with a loss of C$ 82.7 - million, or C$ 0.28 a share, for the same period of 2017, mainly
as higher metals prices made up for lower output.
Not exact matches
Aluminum products maker Arconic slashed its 2018 forecasts for profit and free cash flow
as it expects prices of the
metal to remain
high this year due to sanctions on Russian supplies and a 10 percent duty on aluminum imports.
The
metals tariffs have caused some divisions within Trump's Republican Party,
as steel and aluminum consuming industries have warned that
higher prices would hurt their competitiveness.
I won't get too deep into how Focal has built the drivers here, but they use a rare
metal called beryllium, they're uniquely strong and lightweight, and they allow the Utopia sound
as high - fidelity
as it does.
Mincor Resources says it expects to exceed its full - year nickel production guidance
as the price of the base
metal hit a 14 - month
high overnight.
MELBOURNE, April 30 - London copper and aluminum climbed on Monday
as the dollar eased from three - month
highs and trade stayed quiet given a holiday in China and ahead of a slew of monthly manufacturing reports from the world's top user of
metals.
Rhenium is used with platinum
as a catalyst in the production of lead - free,
high - octane fuels and combined with tungsten and molybdenum to make
metal alloys used in jet engines.
It is not clear what percentage of
metal held in Henry Bath was owned by JPMorgan's traders, but it was
high enough to alarm the Federal Reserve and to make it difficult for JPMorgan to classify the asset
as a strictly passive investment.
Shanghai aluminum, nickel and lead crept
higher, but copper gave up early gains to trade slightly lower
as the dollar hit a four - month
high, making the
metal more expensive for holders of other currencies, and zinc slipped.
Mike van Dulken, head of research at Accendo Markets, says in an email on Thursday morning: «Gold has been a clear winner from the US dollar's sharp sell off following the Fed's rate hike,
as the precious
metal halts its downtrend to post fresh two - week
highs.
The EU's argument is that it's not causing overcapacity in the
metal industry and,
as a result, it should not be punished with
higher tariffs.
Shares of the
metals and mining company jumped 8.27 % Tuesday
as investors anticipated
higher sales for Freeport under the infrastructure - focused and energy - friendly Trump administration.
MELBOURNE, April 30 (Reuters)- London copper and aluminium climbed on Monday
as the dollar eased from three - month
highs and trade stayed quiet given a holiday in China and ahead of a slew of monthly manufacturing reports from the world's top user of
metals.
The company says some ultra
high net worth individuals (UHNWIs) are keeping an eye on the progress of new asteroid mining ventures
as startups seek to tap near - earth bodies for valuable
metals and other elements.
I was initially worried that the radiation around those vehicles would be very
high,
as metal absorbs radioactivity better, but it wasn't.
On Friday, the Stoxx Europe 600 Index was little changed
as metal producers pulled back from the
highest level since June 2015.
In addition to long - duration Treasuries, these classic «safe havens» include
high - yielding defensive equities like utilities,
as well
as precious
metals, both of which are sensitive to changes in real interest rates.
On the London
Metal Exchange, it was nickel's turn in the spotlight
as it soared 12 per cent at one point to a more than three - year
high of $ US15, 875 a tonne, before closing up 7.5 per cent at $ US15, 275, its largest daily gain in 6-1/2 years, Reuters reported.
Continued strength in the US dollar provided downward pressure for the yellow
metal,
as it rose from 91.80 — 92.32 (4 - month
high, breaks 200 - day MA at 91.94, turns positive for the year).
Gold - mining stocks certainly fared better than the broader equity market during the first four days of this week
as mining shares that trade in North America surged on
higher precious -
metals prices.
Precious and Industrial
Metals Inflation concerns, geopolitical tensions and interest - rate levels, especially real yields, contributed to a 1.7 % rise in the spot price of gold (to US$ 1,325 per troy ounce),
as did swings in the US dollar.1 Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month
highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support
as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year
high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projected.
Meanwhile, India — whose affection for gold goes back millennia — saw its imports of the yellow
metal rise fourfold in May compared to the same month last year
as traders fear a
higher tax rate on jewelry.
The products that will be produced at the refinery include cobalt chemicals used to make
high performance rechargeable batteries, bismuth
metals and chemicals,
as well
as gold.
Gold futures rose to the
highest in more than five weeks
as declines in equity markets revived demand for the
metal as a haven.
Gold fell
as the dollar held near the
highest level in five years and investors reduced holdings in the largest exchange - traded product backed by the
metal, curbing demand for a store of value.
To do so would either create massive hyperinflation (devaluation) of our current fiat currency, massive swings (politically rather than market driven) in the price of the
metal, or create such a
high conversion rate
as to be nearly meaningless.
Of course, there are always exceptions, but on a buy - and - hold basis, they don't appear
as attractive to me for the average investor that doesn't have a
high level of knowledge about macroeconomics and usage trends of
metals versus inventory levels, for example.
U.K. stocks finish at 10 - week
high as metals prices rally Shire soars; pound seesaws
as U.K. retail sales disappoint U.K. stocks end slightly
higher on Thursday, boosted by gains for miners on the back of a rally in nickel and aluminum prices.
Traditional short - run
metal manufacturing applications that utilize techniques such
as investment casting, sand casting and powder injection molding are limited by
high costs for tooling and labor.
Revenues for the period grew nearly 50 % to $ 386.66 - billion, the Toronto - based company reported,
as copper and silver sales accelerated, and were boosted by
higher metals prices.
Many novice precious
metals investors fall prey to dealers that sell products with spreads
as high as 30 %.
Even
as gold prices fell for the first time in 14 years in 2013, BMO Capital Markets of Montreal, Canada, advised its clients in the
metals and mining industry on 17 deals worth a total of $ 6.4 billion in North America — a
higher value than any other bank.
Gold rose to the
highest price since March
as a slump in global equity markets increased the appeal of precious
metals as an alternative investment.
The precious
metal touched a two - week
high today, amid easing concerns that the Fed is near to raising interest rates, reviving gold
as an inflation hedge.
Lumber surged to all - time
highs and industrial
metals are strong
as manufacturing and factory growth around the globe is strong.
The materials sector has recorded very strong gains, reaching a new record
high in mid October, buoyed by rising
metals prices and increased optimism that demand for exports will increase
as the global economy recovers.
Much of the recent strength has come from a steep rise estimated for «other resource» prices,
as sharply
higher contract prices for iron ore and coal began to take effect from 1 April, and to a lesser extent, from rising base
metals prices.
Gold, in dollar terms, is unchanged on the month in defiance of conventional wisdom
as higher short - term rates have not yet brought a liquidation of the precious
metals.
Gold and silver rose to three week
highs Friday after China cut benchmark interest rates to support economic growth, leading to demand for precious
metals as a store of value.
This should force the price of precious
metals higher as it becomes cheaper to speculate.
Gold, meanwhile, screamed past $ 1,300 an ounce to hit a two - year
high, proving again that the yellow
metal is sound money and fervently sought by investors worldwide
as a safe haven during times of economic and political uncertainty.
Gold and silver futures rose to three - week
highs after China cut benchmark interest rates to support economic growth, boosting demand for precious
metals as a store of value.
It is an extremely popular piece of
metal that was held in
high regard
as a symbol of the events and aftermath of 9/11.
As such, their livers could hold
higher levels of heavy
metals and toxins.
Grill grates with a lot of space between the
metal bars aren't the best with this, and it doesn't need super
high heat
as much
as it needs to be warmed.
Apart from outstanding properties such
as high sensitivity and space - saving, compact design, the
metal separators of the PROTECTOR series especially are characterised by the «Quick - Valve» reject unit.
While the advanced production processes incorporate the
highest hygiene levels, it is vital that Kri Kri remains vigilant against potential foreign bodies such
as metal, glass or other foreign materials that could contaminate the yogurt if there was a problem with any of the equipment on the line.
This includes applications involving
metals, stainless steel and
high density plastics,
as well
as inline weighing checks and full serialisation and aggregation programs.
Sesotec's RAYCON D x-ray scanners primarily are used for the final inspection of packed products and allow
high - precision inline detection of a large variety of contaminants such
as magnetic and non-magnetic
metals, glass, ceramics, stones, raw bones, and several types of plastics.