The price of copper dipped on Monday despite trade data showing Chinese imports of refined copper rebounding in March while ore and concentrate shipments continue to strengthen.Copper for delivery in May traded as low as $2.916 per pound ($6,430 a tonne) on the Comex market in New York, down from just shy of the $3.00 mark reached a fortnight ago.China consumes half the world's copper, and trade d...Read More
Shares of Taseko Mines Ltd. (TSX:TKO) jumped over 8% and hit a five-week high on Monday afternoon, bringing the company's market capitalization to nearly C$220 million. The company has just announced that its Florence copper production test facility in Arizona is now fully operational, from the wellfield to the SX/EW (solvent extraction and electrowinning) plant. Located between Phoenix and Tucson...Read More
What do you think of when you think of electronics?Bulky television sets? Laptops? Cords, wires, circuit boards?That's old-fashioned thinking.Today's electronics are far more compact, streamlined, and flexible.In fact, they can exist in plain view without you ever seeing them.That's because of a drastic new technological leap forward.These are "printed electronics."Printed electronics, by their ve...Read More
A strategic investment by BHP Billiton Canada in Midland Exploration (TSXV: MD) will support the junior company's work on copper exploration in northern Quebec including at its Mythril copper-gold-molybdenum-silver project in James Bay Eeyou Istchee.BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million. Each unit consists of one common share and one common share purchas...Read More
Apr 15, 2019 Guest(s): Randy Smallwood Silver simply has better fundamentals than gold, but will take a while before prices catch up to its yellow metal counterpart, this according to Randy Smallwood, CEO of Wheaton Precious Metals. "I think there are better fundamentals behind silver than gold just because of the increase of industrial demand, the high efficiency electronics that we all demand...Read More
Canadian Mining Sustainability announces that it has acquired the assets and interests of Canadian Mining Suppliers, a non-profit mining supply portal.Canadian Mining Suppliers consults with the global mining supply and services base with engagement programs including trade shows, road missions, marketing training, web presence development and maintenance, and global supply chain sustainability.Ro...Read More
The bauma 2019 trade show has come and gone, attracting a record breaking 620,000 visitors from around the globe. They wore out their shoe leather going from one to another of the 3,700 exhibitors from 63 countries, the largest numbers ever. This was the biggest in bauma's 65-year history.With numbers such as that, bauma qualifies as the world's leading trade far for mining and construction equipm...Read More
Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally. But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance. A decisive breakout above will really catch investors' attention, greatly improving sentiment and driving major capital inflows. With gold-futures speculators not very long...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed down Monday after earnings reports from Citigroup (C - Get Report) and Goldman Sachs Group (GS - Get Report) . Citigroup posted better-than-expected results in the first quarter. The stock dipped slightly. Goldman Sachs Group (GS - Get Report) fell 3.9% after first-q...Read More
The US government has proposed new import duties of up to 100% on a wide range of products from the European Union, as a countermeasure for sales lost by the US aerospace industry due to EU subsidies paid to Airbus, the US Trade Representative said in a notice published in the Federal Register on Friday April 12.In a preliminary list, the USTR named a variety of goods that would be subject to...Read More
Movements in base metals prices on the London Metal Exchange were mixed at the close of trading on Monday April 15, with continued weakness in the US dollar index doing little to spur buying activity while low volumes continued to indicate risk-aversion.The three-month nickel price fell to its lowest level since March 28 in the afternoon, dipping to $12,860 per tonne before closing at $12,991 per...Read More
Peruvian copper mine Las Bambas restarted concentrates transportation to the Matarani port on April 13 after operations normalized following the end of a two-month roadblock, major shareholder MMG said on Monday April 15. Since the blockade ended, Las Bambas began restoring critical supplies and increasing staff numbers to resume normal operations, MMG added The mine entered an agreement with the...Read More
There were six key points for delegates of the minor metals community to take away from a busy week of meetings in Edinburgh, Scotland, for the Minor Metals Trade Association (MMTA) Conference on April 9-11.1. Sentiment in minor metals remains gloomy...While global uncertainty and oversupply continued to weigh on minor metals price sentiment in 2019, with prices for some materials at multi-year lo...Read More
Peruvian copper mine Las Bambas restarted concentrates transportation to the Matarani port on April 13 after operations normalized following the end of a two-month roadblock, major shareholder MMG said on Monday April 15. Since the blockade ended, Las Bambas began restoring critical supplies and increasing staff numbers to resume normal operations, MMG added The mine entered an agreement with the...Read More
Literally, the wheels are coming off. Panasonic, which supplies batteries that it manufactures for Tesla at the Gigafactory in Nevada announced that it was cutting back on its plans to expand production capacity at the plant. It also announced that it was suspending plans to produce batteries at Tesla's planned Shanghai Gigafactory. In an article in a Japanese business publication, Panasonic had l...Read More
Trafigura will become a major zinc and lead smelter, taking global producer Nyrstar NV effectively private after reaching an agreement with other debtors, both companies said on Monday April 15.Trafigura, which was already a 24% owner of Nyrstar, will take full control in a "lock-up agreement". A NewCo UK company, 98% owned by Trafigura, will buy Nyrstar's remaining shares. Nyrstar smelts over a m...Read More
Norwegian aluminium producer Norsk Hydro has taken a step closer to resuming normal operations at its Alunorte alumina refinery after the company and the Brazilian federal prosecutors' office (MPF) decided to file a joint petition to remove the restrictions on production at the site.A conciliatory hearing was held on Friday April 12, in which the plea was presented to the regional federal court, H...Read More
Bob Moriarty ArchivesApr 15, 2019Every few years I come across a company that has extraordinary potential. I’ve just found another one and it may be one of the best yet.NovaGold was the first I came across. They were about $1 when I first wrote about them in 2001. They went to nearly $20 a share. Then dropped to $.46 in the crash of 2008. I believe junior exploration companies should be thou...Read More
* Focus on credit and liquidity in China * Zinc stocks at historical low (Updates with closing prices)By Pratima DesaiLONDON, April 15 (Reuters) - Copper prices steadied onMonday, reinforced by a lower dollar and healthy economicnumbers from China ahead of a barrage of growth data later thisweek from the top consumer.Benchmark copper on the London Metal Exchange endedlittle changed at $6,480 a ton...Read More
The US government has proposed new import duties of up to 100% on a wide range of products from the European Union, as a countermeasure for sales lost by the US aerospace industry due to EU subsidies paid to Airbus, the US Trade Representative said in a notice published in the Federal Register on Friday April 12.In a preliminary list, the USTR named a variety of goods that would be subject to...Read More