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Trading across most of the metals is relatively quiet in early morning on Tuesday April 16 and the market seems to be waiting for fresh direction, which we think means the market is waiting for a US-China trade deal. Before that, today’s ZEW and US industrial production data may provide direction, as too will tomorrow’s Chinese GDP data. Base metals Trading across the London Me...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade. Strength was prompted by a 2.39% gain by the Shanghai Composite Index to 3.253.60. Several North American equity indices are testing their all-time highs this morning. All-time highs are 2,940.91 for the S&P 500 Index, 8,133.30 for the NASDAQ Composite Index, 7,700.56 for the NASDAQ...Read More
The Fanya Exchange will auction 34.64 tonnes of the indium stock it holds in its warehouse on April 24, after the first auction in January failed to attract any bidders. The stock will be auctioned via Alibaba judicial online platform at 10am Beijing time on April 24 and 10am Beijing time on April 25. The starting price of this new lot is 1,080 yuan ($160) per kg, excluding VAT and storage costs....Read More
Eastern promise for PolarXSPONSOREDpolarxMeanwhile its second-largest shareholder, Waterton Global Resource Management (12.09%), has said "adult supervision is urgently needed" as it continues its pressure for leadership change at the miner.Read More
Eastern promise for PolarXSPONSOREDpolarxUnderground development began in 2016 and was expected to more than double production when fully ramped up in 2027, with first production originally slated for next year.In its first quarter production results released today, project manager Rio Tinto (LSE: RIO) said the commissioning of Shaft 2 was now expected to be completed in October.Eastern promise fo...Read More
Trading across most of the metals is relatively quiet in early morning on Tuesday April 16 and the market seems to be waiting for fresh direction, which we think means the market is waiting for a US/China trade deal. Before that, today's ZEW and US industrial production data may provide direction, as too will tomorrow's Chinese GDP data. Asian equities are stronger this morning, suggests a ri...Read More
The UG2 chrome ore price fell again on Friday April 12 after activity lessened due to market participants waiting for Chinese mills' next ferro-chrome tender releases; meanwhile falling demand pushed down the high-carbon ferro-chrome assessment in Europe. UG2 and Turkish lumpy ore prices in China drop Domestic alloy price in China weakens Alloy markets in Japan, South Korea, Europe fa...Read More
China's largest steel mill, Hebei Steel, has concluded its ferro-silicon tenders for March and April at levels below those released at the start of the year and close to alloy production costs. Hebei Steel's latest tender price for April is 6,250 yuan ($932.14) per tonne, for about 2,775 tonnes of ferro-silicon, according to sources. Hebei Steel's tender price for March was 6,200 yuan per tonne fo...Read More
For years, currency analysts have looked for signs of an international monetary "reset" that would diminish the dollar's role as the leading reserve currency and replace it with a substitute agreed upon at some Bretton Woods-style monetary conference.That push has been accelerated by Washington's use of the dollar as a weapon of financial warfare, including the application of sanctions. The U.S. u...Read More
In my 2014 book, The Death of Money, I wrote, "The United States is Japan on a larger scale." That was five years ago.Last week, prominent economist Mohamed A. El-Erian, formerly CEO of PIMCO and now with Allianz, wrote, "With the return of Europe's economic doldrums and signs of a coming growth slowdown in the United States, advanced economies could be at risk of falling into the same kind of lon...Read More
Your monthly Social Security benefit is determined by your age when you begin taking it and your lifetime earnings. Only annual income up to the maximum taxable earnings is counted, which includes money you put into a 401(k) plan. For 2019, that maximum is $132,900.The longer you wait to take the benefits and the more you earned, the bigger the monthly payout. The maximum monthly benefit in 2019 i...Read More
- Former Congressman and 52nd US Secretary of the Interior for the Trump Administration- A geologist from Montana with in-depth mining industry regulatory contacts and experienceELKO, Nevada, April 16, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that the Honorable Ryan K. Zinke has been appointed to the Board of Directors...Read More
It is the ides of April... April 15... Tax Day.That is, the date by which Americans must appear before the Internal Revenue Service... and empty their pockets.Out must come poker winnings, bingo jackpots, lemonade stand sales, cash gratuities - everything, A through Z.If taxes are the price to pay for civilization - as Justice O. W. Holmes babbled in 1904 - we must conclude the United States is a...Read More
Yesterday the Federal Reserve released the minutes to its March conclave.They raised no eyebrows, pulled no alarms, flustered no fish.The brethren and sistren of the FOMC merely affirmed market convictions broadly held - no rate hikes this year.Already anticipated, markets yawned off the minutes.The Dow Jones scratched a slender seven-point gain, the S&P 10. The Nasdaq staged a better showing...Read More
On the surface, the task facing students at the Institute of Electrical and Electronics Engineers (IEEE) Region 5 Student Robotics Competition was simple: Design a robot that could navigate obstacles, pick up small objects and then sort the objects into separate containers.Of course, it was anything but, since that robot also had to be fully autonomous."We had to write all the code and then all w...Read More
The Payne Institute for Public Policy at Colorado School of Mines in collaboration with the King Abdullah Petroleum Studies and Research Center (KAPSARC) recently brought together global experts to discuss analytical approaches to blending political science with the study of energy markets. The roundtable discussions took place April 9 and sought to develop new insights and identify future researc...Read More
Aztec Minerals (TSXV: AZT; US-OTC: AZZTF) recently flew a magnetic and radiometric survey over its Cervantes copper-gold project in Sonora, Mexico, that identified 11 porphyry targets. Follow-up work by the company will target four main targets: California, Estrella, California North and Purisima East.The company says the survey shows the project likely contains multiple porphyry cells along a nor...Read More
Lundin Mining's (TSX: LUN; NASDAQ: LUMI) proposed acquisition of Yamana Gold's (TSX: YRI; NYSE: AUY) Chapada copper-gold mine in Brazil for US$800 million in cash will boost its copper production over 25% per year, and add 100,000 oz. gold to annual production.The open-pit operation in Goias state could produce 54,500 tonnes copper (120.2 million lb.) and 100,000 oz. gold this year, at co-product...Read More
A US$565-million funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.The private company has been developing the project over the last six years, drilling 285,000 metres, completing permitting and land access agreements, securing required power and water, and acquiring a previously operated coppe...Read More