Nickel markets have been underwhelming the past couple of years as an oversupply of the base metal exceeded demand. It was a trend that continued through the last quarter of 2024. Indonesian supply was the primary force preventing a breakout in the nickel markets. The country continued to be the…
Major miner Barrick Gold (TSX:ABX,NYSE:GOLD) remains unable to export gold from its Loulo-Gounkoto mining complex in Mali due to ongoing restrictions imposed by the country’s government. In a Monday (January 6) press release, the company said the situation has escalated further with the issuance of an interim attachment order on…
Lithium carbonate values saw further declines in the third quarter, starting the 90 day session at US$12,999 per metric ton and shedding 22 percent by September 10, hitting a three year low of US$10,019. Despite the contraction, market watchers and analysts are viewing Q3 as a price stabilization period for…
Four years after launching a push for more diversity in its ranks, McDonald’s is ending some of its diversity practices, citing a U.S. Supreme Court decision that outlawed affirmative action in college admissions. McDonald’s is the latest big company to shift its tactics in the wake of the 2023 ruling and a conservative…
Sierra Space CEO Tom Vice has left the company, CNBC confirmed Monday. In a statement, Sierra Space said Vice retired Dec. 31. Chairman Fatih Ozmen will serve as interim CEO, with Eren Ozmen as president. “After three and half years in the role, Tom Vice has retired as Sierra Space CEO as of the…
U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president announced he was blocking a proposed deal for the iconic American manufacturer. U.S. Steel and Japan’s Nippon Steel said in a release Monday that President Joe Biden ‘ignored the rule…
Former New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is willing to sell him a stake. “It’s definitely something of interest,” said Manning, who spoke in a CNBC Sport interview. “There’s probably only one team I’d be interested…
Lawyers for Donald Trump have reviewed a draft of special counsel Jack Smith’s final report related to federal investigations into the president-elect and are threatening legal action if he releases it, according to a letter included in court filings from Trump’s former co-defendants Monday night. In the filings, Walt Nauta…
An arrest has been made in the case of a family in Brazil who were poisoned on Christmas Eve after eating a cake containing arsenic. Three people died and three others were hospitalized after the incident, which occurred in the city of Torres, in the southern state of Rio Grande…
The wife of late San Diego Padres owner Peter Seidler, Sheel Seidler, sued brothers-in-law Matthew and Robert on Monday, attempting to prevent another brother, John, from taking control of the team rather than her. The suit comes at a time when the Padres are among the teams recruiting Japanese pitcher…