Power Ore has completed the digitization and geological model for the Opemiska copper complex near the town of Chapais in the Canadian province of Quebec. Based on all available drilling data, it has confirmed the distribution of disseminated material around the known veins. There is also widespread disseminated mineralization near the contact with underlying rhyolite.Power Ore says the new geolog...Read More
Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.Gold is driven by these same macros, but it has the additional price driver of seasonal Chindian physical market demand.It's currently the soft season for physical demand, but the rest of the price drive...Read More
The Mackenzie Valley Land and Water Board has given Vancouver-based GoldMining Inc. the water licence and land use permits for its Yellowknife gold project. The permits refer specifically for the Nicholas Lake-Ormsby portion of the project.GoldMining is planning advanced exploration work, including diamond drilling, underground development, and operation of the existing camp, airstrip and winter r...Read More
Copper's three-month price on the London Metal Exchange climbed above $6,600 per tonne at the close of trading on Wednesday April 17, buoyed by strong GDP figures out of China while a softer dollar index below the psychological level of 97 supported afternoon buying.Volumes traded in the red metal reached their highest level since March 22 over the day, with more than 24,000 lots changing hands by...Read More
Gold production increased for the 10th consecutive year in 2018 to 107.3 million ounces (Moz), and is expected to reach a new record high of 109.6 Moz in 2019, according to the latest metals and mining research by S&P Global Market Intelligence. Although the year-over-year increase of just under 1% was the smallest in the last decade, output has risen by 40% since 2008. Christopher Galbraith...Read More
A new survey of 1,000 American retirees revealed that the vast majority of them either don't know what Bitcoin is, or are simply not interested in investing in it at this time. Retirees are not famous for being major risk-takers. In fact, quite the opposite is true with their age bracket. That said, it's surprising to learn that one third of them don't even know what Bitcoin is, according to resu...Read More
Chinese nickel premiums strengthened on Tuesday April 16 due to optimism that the import window will open, while the European nickel briquette premium softened on bearish sentiment. Chinese premiums strengthen ahead of import window opening European briquette premium slides on bearish sentiment US premiums hold firm, retain previous gains Chinese premiums rise to meet import window open...Read More
(corrects to make clear price closed up in para 4) * GRAPHIC-2019 asset returns:* China data boosts metals sentimentBy Zandi ShabalalaLONDON, April 17 (Reuters) - Copper prices hit a nine-monthhigh on Wednesday as firmer-than-expected economic growthfigures from China boosted expectations for higher demand in theworld's top metals consumer.China's economy grew at a 6.4 percent pace in the firstqua...Read More
The lead price could rebound above $2,000 per tonne and even touch $2,100 per tonne in the next six months because it is oversold and supply and demand conditions remain tight this year, Macquarie bank said on Tuesday April 16. "The recent decline in the lead price is overdone and was on the back of a large re-warranting in Asia rather than a change in fundamentals," Macquarie metals strategist Vi...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished slightly down after IBM (IBM - Get Report) posted lighter-than-expected first-quarter revenue and mixed guidance, while UnitedHealth Group (UNH - Get Report) tumbled for a second day on concerns regarding the debate over Medicare-for-All proposals. Qualcomm (QCOM - Get Report) surged...Read More
The current stock market is the most dangerous stock market I have seen in my 34+ year career as a financial markets professional. This includes 1987, 1999-2000 and 2007-2008. The run-up in stocks has been largely a product of momentum-chasing hedge fund algos on behalf of the large universe of sophisticated hedge funds which are desperate for performance. In the context of the obviously deteriora...Read More
Precious metals prices would support zinc and lead mining even if the global markets crashed, including those for base metals, panelists said at Fastmarkets' International Lead & Zinc Conference in London on Tuesday April 16. David Stein, who manages the Aerecura Capital fund and invests directly in mines, said base metal prices including zinc and lead could fall in a wider rout of the markets. Du...Read More
FOR SEVERAL YEARS WE HAVE STATED THAT THE PRICE OF GOLD IS BEING MANIPULATED BY THE BANKERS, CENTRAL BANKERS AND BROKERAGE HOUSES. WHY DO THEY DO IT? BECAUSE IF GOLD MOVES MUCH ABOVE THE $1300 RANGE IT IS AN INDICATION THAT INFLATION IS MORE THAN THE 1% TO 2% IT IS REPORTED TO BE, INTEREST RATES WILL RISE AND IT WILL CAUSE THE STOCK MARKET TO DECLINE. SO THE MANIPULATION W...Read More
Ferro-silicon prices in the Chinese domestic market held steady last week despite elevated April tender prices from steel mills, while export offers in the country sank due to an influx of imported material into Asian markets. Meanwhile, US ferro-silicon prices softened slightly amid low levels of spot activity. Chinese domestic ferro-silicon prices stable despite higher April mill tender prices C...Read More
Vale (BZ: VALE3) said earlier a court ruling meant it could fully restart its Brucutu operations, which would return 30 million tonnes of production annually, however it did not lift its revised sales guidance due to heavy rains in March and April impacting production elsewhere. Vale closed 3.45% higher in Brazil but Australian iron ore miner Fortescue Metals Group (ASX: FMG) was down 6.7% at...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Initially an iron ore company that almost folded in 2016, IronRidge has the Cape Coast spodumene project in Ghana and several gold options on the books now.Read More
Fastmarkets' battery raw materials team summarizes eight key takeaways from last week's Battery Materials Conference in Shanghai. Cobalt's upside is limited without China on board: While market participants at last week's MMTA conference in Edinburgh were enjoying cobalt having found its floor and the resultant round of restocking, delegates in Shanghai were more concerned about whether Chine...Read More
Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q4 and full year 2018, and the filing of its financial statements and associated management's discussion and analysis on www.sedar.com. The Company will host a conference call on Thursday, April 18, 2019 at 10:00 A.M. Central to discuss its Q4 and full year 2018 re...Read More
The Wednesday Market Minute Global stocks mixed, with Asia higher and Europe modestly lower, after stronger-than-expected China GDP data.China's first quarter growth rate speeds to 6.4% as government stimulus kicks in and industrial output rising at the fastest pace in 4.5 years.Oil prices gain on China recovery bets, with traders adding to long positions on supply concerns linked to Libyan conf...Read More