Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The three-month base metals prices traded on the London Metal Exchange were stronger across the board with gains averaging 0.3% on the morning of Wednesday February 20, compared with Tuesday's closing levels.Copper has generally led the move higher in recent days with prices reaching a high of $6,350.50 per tonne this morning, which has taken it well into the resistance area on the chart that lies...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday February 20*Copper -$147.03 (-991.62 yuan)Aluminium -$323.54 (-2,182.07 yuan) Zinc -$95.16 (-641.77 yuan) Nickel -$290.43 (-1,958.73 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices...Read More
Albemarle Corp, the world's largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries.The forecast for sales growth of up to 14% this year comes as anxiety grows among some investors that the race to supply lithium for batteries and othe...Read More
Remember the old days? When you'd sit down at your kitchen table with a stack of bills on one side and a checkbook on the other. Paper envelopes were opened and receipts saved as you desperately tried to organize your finances.Managing your money was a full-day affair and even after you'd finish, it was hard to tell exactly where you stand. Times have changed. Tracking your money and staying on...Read More
“Bill, can you explain why you’re holding so much cash?”My boss and mentor was on the hot seat. And our investors weren’t happy. They felt like they were missing out on some key opportunities and wanted Bill to do something about it!Fortunately, Bill had a good response. Our investments were performing well, and our long-term returns were well ahead of the market. Plus, our...Read More
The following Fastmarkets minor metals prices changed on Wednesday February 20:Minor metalsCadmium MB free market min 99.99%, cents/lb: 137-145 per lb from 136-143Cobalt MB free market alloy grade, $/lb: $15.90-17.35 per lb from $15.90-17.95Cobalt MB free market standard grade,...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Minor metals producer Vital Materials has reached a final agreement with French company Orrion Chemicals for the acquisition of bismuth specialties activity supported by Spanish entity Orrion Chemicals Bischem (OCB), Vital said on Wednesday February 20.The transaction will be concluded in the coming weeks, it added.OCB is located near to Barcelona, in Canovelles, and is dedicated to the manufactur...Read More
Glencore has reported modest increases in ferro-alloys earnings and production for 2018, underpinned by a stellar stainless steel market. Earnings before interest, tax, appreciation and amortization at the trader-miner's ferro-alloys division rose 2% year on year to $670 million, the company said on Wednesday February 20.Ferro-chrome production reached 1.59 million tonnes, up 3% year on year. Glen...Read More
Import prices for stainless steel in East Asia inched up over the past week, with the upward momentum in regional prices subsiding on soft demand, sluggish spot trading and the stable nickel market.Fastmarkets MB's weekly import price assessment for 304 stainless 2mm trimmed cold-rolled coil (CRC) in East Asia was $1,990-2,090 per tonne cif on Wednesday February 20, up $10 per tonne from a week ea...Read More
Key data from the Wednesday February 20 pricing session in Europe. Key drivers The European ferro-titanium spot price increased, with prices moving up on the low end of the range, after supply worries involving a major supplier prompted short-covering. Ferro-titanium producers and traders say they have been getting more buying interest from Europe and the United States. The producer typicall...Read More
The Alliance for the Development of Additive Processing Technologies (ADAPT) at Colorado School of Mines is collaborating with three industry partners on new research into advanced manufacturing for military applications. ADAPT has been awarded Small Business Technology Transfer (STTR) grants from the U.S. Department of Defense to conduct cooperative research with ADAPT members Citrine Informat...Read More
Linda Ann Battalora has been selected as faculty representative to the Colorado School of Mines Board of Trustees.Battalora, teaching professor of petroleum engineering and a Mines alumna, will serve a two-year term through the end of December 2020. The faculty trustee is elected by the Mines faculty and serves on the board in a nonvoting capacity.A Payne Institute for Public Policy Faculty Fellow...Read More
A team of Colorado School of Mines students earned honors at a hardware-based hackathon for their project to create a device that allows those paralyzed from the neck down to control a wheelchair by detecting brain activity.The team, BrainAble, won the MakeHarvard Originals award, given to the best project built entirely during the 30-hour hackathon and designed solely with materials provided at t...Read More
This mini-podcast features a clash of visions between Franco-Nevada chairman Pierre Lassonde and new Barrick Gold president and CEO Mark Bristow on the value of keeping Barrick's Canadian identity and robust head office presence in Toronto.Franco-Nevada chairman Pierre Lassonde as master of ceremonies for the 2018 Canadian Mining Hall of Fame induction ceremony in Toronto. Credit: Keith Houghton P...Read More
Katanga Mining (TSX: KAT; US-OTC: KATFF) lost $116 million in 2018's fourth quarter to end the year with $13.4 million in gross profit, a result of temporary cobalt sale suspensions, higher reagent costs at its Luilu metallurgical plant and increased mine infrastructure and support costs.The company recorded a $52.8 million fourth quarter loss in adjusted earnings before interest, taxes, depreciat...Read More
Black Iron Inc. (TSX: BKI; US-OTC: BKIRF) and Glencore (LON: GLEN) are in talks to finance construction of the junior's Shymanivske iron ore project in the Ukraine and have signed a non-binding memorandum of understanding to begin formal negotiations on the financing-offtake package.The companies envision an investment from Glencore that will help fund construction in exchange for offtake of produ...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesDuring the previous cycle, many of these presentations were indistinguishable in format and, indeed, only sub...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesOne of the great fallacies about those of us who work in The City is that we have any idea what in the hell w...Read More
Palladium surged above $1,500 an ounce to a record, extending a powerful rally that's been driven by an acute shortage of supply as car manufacturers scramble to get hold of the material to meet stringent emissions controls. The advance will benefit top suppliers in Russia and South Africa.Spot palladium surged as much as 1.7 percent to $1,505.46 an ounce, and traded at $1,501.28 at 11:52 a.m. in...Read More