China’s Qianhai Mercantile Exchange launches copper rod trading

China’s Qianhai Mercantile Exchange launches copper rod trading

The Qianhai Mercantile Exchange (QME), a mainland China spot commodities platform owned by Hong Kong Exchanges and Clearing Ltd, said it started trading in copper rods on Friday, adding to existing trade of alumina and aluminium products. A total...

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China to Raise Import Tariffs on U.S. Scrap Copper, Aluminum From December 15

China to Raise Import Tariffs on U.S. Scrap Copper, Aluminum From December 15

China will impose an extra 5% tariff on imports of copper scrap and aluminum scrap from the United States from Dec. 15, according to a list of retaliatory tariffs published by the Ministry of Finance late on Friday. Beijing had already levied a...

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Desert completes buyout of Ashanti Gold

Desert completes buyout of Ashanti Gold

Desert Gold Ventures (TSXV: DAU) closed this week the acquisition of Ashanti Gold Corp (TSX-V: AGZ), a move that caused the Canadian company’s stock to jump 7.5% in the past five days. In a media statement, Desert said that each shareholder of...

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Falcon launches exploration program in Ontario’s Red Lake District

Falcon launches exploration program in Ontario’s Red Lake District

Falcon Gold (TSXV: FG) launched this week an exploration sampling program on its Wabunk Bay gold and base metal property located in the Red Lake District of northwestern Ontario. In a press release, the Vancouver-based miner said the objective of...

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Gold price surges to new 6-year high

Gold price surges to new 6-year high

Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US-China trade war, and the prospects of a return to ultra-loose monetary policy by the Fed. Gold for delivery in December, the most active futures...

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Radisson closes $4.5m deal to develop historic Quebec gold mine

Radisson closes $4.5m deal to develop historic Quebec gold mine

Québec – based Radisson Mining Resources’ (TSX-V: RDS) stock was up over 3% Friday, after closing on a C$6 million (USD$4.5 million) private placement. The financing consisted of the issuance of 20.6 million units at C $0.15 per unit, for C$3.09...

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CStone to Begin Australian Trials of Solid Tumor Cancer Drug

CStone to Begin Australian Trials of Solid Tumor Cancer Drug

Suzhou’s CStone Pharma has been approved to start an Australian Phase I clinical trial of its CDK4/6 inhibitor as a treatment for solid tumor cancers. CS3002 is a selective inhibitor of the cyclin-dependent kinases 4 and 6 (CDK4/6), a...

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Luye Pharma Approved to Start Japan Trials of Novel Anti-depressant

Luye Pharma Approved to Start Japan Trials of Novel Anti-depressant

Luye Pharma of Yantai has been approved to start Japan trials of its novel treatment for depression, a serotonin-norepinephrine-dopamine triple reuptake inhibitor (SNDRI) in extended release tablet form. Ansofaxine Hydrochloride ER Tablets...

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US Medical Device Maker Thermo Fisher to Build New China Factory

US Medical Device Maker Thermo Fisher to Build New China Factory

American medical machinery firm Thermo Fisher Scientific has agreed to build a new factory in China’s Jiangsu province with a vision of long-term development in the country. The base, located in Suzhou High-Tech Zone, will make disposable...

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IKEA to Spend USD1.41 Billion Next Year in Largest-Ever China Investment

IKEA to Spend USD1.41 Billion Next Year in Largest-Ever China Investment

IKEA plans to invest CNY10 billion (USD1.41 billion) in the Chinese market to advance its commercial operations and digitization, it announced today at a press briefing in Beijing at which it outlined its strategy for the next three years. This...

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Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium Kwinana, a subsidiary of China’s Tianqi Lithium, has landed a five-year contract selling lithium hydroxide to LG Chem. The Western Australia-based unit will sell at least 15 percent of annual output at its new production...

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Trump administration proposes making it easier for doctors to know whether patient has addiction history

Trump administration proposes making it easier for doctors to know whether patient has addiction history

The Trump administration unveiled a proposal Thursday afternoon that would make it easier for health-care providers to known whether a patient has a history of addiction. The Department of Health and Human Services suggested modifying parts of 42...

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