Benchmark alumina prices continued to decline on Thursday March 11 due the sudden arrival of surplus cargoes into the market. Fastmarkets' daily fob Australia alumina index dropped to $387.26 per tonne on Thursday, down from $402 per tonne the previous day. The index is now 7.2% lower than at the start of April when cargoes were trading as high as $417 per tonne. "All a sudden there are multi...Read More
Low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, when market participants toned down fears of oversupply in the alloy market. Normally volatile low-grade manganese ore prices have held relatively steady since rebounding from this year's lows in January, after which market participants toned down fears of oversupply in the alloy market. F...Read More
Benchmark alumina prices continued to decline on Thursday March 11 due the sudden arrival of surplus cargoes into the market. Fastmarkets' daily fob Australia alumina index dropped to $387.26 per tonne on Thursday, down from $402 per tonne the previous day. The index is now 7.2% lower than at the start of April when cargoes were trading as high as $417 per tonne. "All a sudden there are multi...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce the grand opening celebration of its flagship location on Sunday, April 14, 2019. The event will host some of Canada's biggest influencers and entertainers, along with contests and activities throughout the day.Peekaboo Beans' celebration will run from 11:00AM to 5:00PM at t...Read More
Sprott's company said its 2.5 million share purchase warrants, with an exercise price of C60c per share, had expired, decreasing his beneficial ownership by about 5.Read More
Highlights The head of Armstrong Economics, Martin Armstrong rejoins the show in Part II of the discussion.The dialogue includes an overview of the Presidential Cycle and US stock market performance. Stock indexes could climb to record highs if history acts as a guide amid fresh foreign capital inflows.Global investors seek out the key shares with big media exposure, such as the Dow 30 component...Read More
* Dollar index rises on positive U.S. data * Lead hits three-month low * GRAPHIC-2019 asset returns: (Adds closing prices)By Eric OnstadLONDON, April 11 (Reuters) - Copper fell on Thursday on astronger dollar and worries about a global slowdown while leadtouched its lowest in more than three months on concern thatweak auto sales would dampen demand for car batteries.The decline in copper came afte...Read More
Gold climbed on Wednesday as concerns over an economic slowdown helped prices tally a fourth straight session gain. "With overall [economic] risks tilted to the downside, the gloomy outlook has sparked immediate responses in safe haven assets, with gold finding comfort above the $1,300 mark," wrote Lukman Otunuga, research analyst at FXTM, in a Wednesday research note. The European Central Bank on...Read More
By: Ira EpsteinWeekly gold chart shows $1295 area support. 100 DMA also support, $1,285. Resistance $1327.7Read More
Are these guys good, or what! On Wednesday, with Boeing shares getting clobbered, DaBoyz somehow managed to close the Dow six points higher on the day. That may not sound impressive, but considering that Boeing is by far the most heavily weighted stock in the Industrial Average, the feat was akin to getting a 747 Dreamlifter airborne with two engines out and a half-dozen Abrams battle tanks in...Read More
Brexit deal has been postponed till 31st October with a review in June. Brexit news will not affect pound for two months. Indonesia and India election trend will be closely watched over the next two months. Australian elections on 18th May will have a zero effect on global currency markets. USA-China have agreed to open enforcement offices on each side for the trade deal. I believe that the USA-...Read More
The halving of China's new energy vehicle (NEV) subsidies will have a positive impact on the production of lithium-ion phosphate (LFP) batteries in the short term, but nickel-cobalt-manganese (NCM) lithium-ion battery development will benefit in the long run, delegates heard at Fastmarkets' Battery Materials conference in Shanghai on Thursday April 11. "The values of subsidies have been cut signif...Read More
The European Union Council of Ministers has accepted a proposal that steel, iron and non-ferrous metal producers should be allocated free carbon allowances under the EU emissions trading system (EU ETS) until 2030. The decision, backing a proposal from the European Commission, has been made because of concern that steel and other metal production could move outside the EU if the industry was force...Read More
A Vale SA iron ore mining operation. Source: Vale SA.Vale SA [VALE-NYSE], the world's largest producer of iron ore and nickel, is facing charges in Brazil over a deadly tailings dam breach.A Wall Street Journal report says prosecutors are planning to file criminal charges against the Brazilian miner and its employees over the collapse of the mine waste dam in January 2019, that killed hundreds of...Read More
Turkish steel mills made a booking for scrap from the United States at a higher price compared with earlier this week, while another cargo transaction heard earlier today has since been disputed by the seller, sources said on Thursday April 11.A steel producer in the Iskenderun region booked a US-origin cargo comprising of HMS 1&2 (80:20) at $308 per tonne and shredded-scrap material at $313 per t...Read More
Diamonds recovered from the Gahcho Kue Mine in the Northwest Territories. Source: Mountain Province Diamonds Inc.Mountain Province Diamonds Inc. [MPVD-TSX, NASDAQ] on Thursday April 11 released updated inferred resources for the Faraday 2 kimberlite at its 100%-owned Kennady North Project, in the Northwest Territories.The Kennady North Project is located 10 km north of the Gahcho Kue diamond mine,...Read More
Diamond drilling at Alpala in northwestern Ecuador. Source: SolGold Plc.SolGold Plc [SOLG-TSX, LSE AIM; SLGGF-OTC], an Ecuador-focused miner, said drilling at its Cascabel copper-gold project in the country's high north has revealed previously unknown mineralization, further increasing the potential size of one of the biggest copper discoveries in recent years.SolGold is a copper-gold exploration...Read More
Check out this email I got last week from an Energy and Capital reader:Jeff,How do you sleep at night knowing that by investing in marijuana, you're contributing to this country's drug problem?Donald P.Well, Donald, I'll tell you how I sleep at night...Like a man who will never have to worry about money again for the rest of his life.In fact, not only do I sleep very well, but I also enjoy a nice...Read More
Newrange Gold Corp. (TSXV: NRG, OTCQB: NRGOF, Frankfurt: X6C) is an aggressive exploration and development company, focused on near to intermediate-term production opportunities, in favorable jurisdictions, including Nevada, Colorado and Colombia. With numerous drill intercepts of near surface oxide gold mineralization to 340 grams gold per metric tonne, the Company's flagship Pamlico Project is p...Read More
Seabridge Gold (TSX: SEA, NYSE:SA) is a gold exploration company, designed to provide its shareholders with exceptional leverage to a rising gold price. The Company holds one of the world's largest resource bases of gold, copper and silver, in keeping with its prime objective of growing resource and reserve ownership per share. We learned from Rudi Fronk, who is Co-Founder, Chairman, and CEO of Se...Read More