Donald Trump wants America back on the moon.And he wants us back before foreign rivals like China beat us to it.That's why the White House is now asking Congress for an additional $1.6 billion to bankroll a manned trip to the Earth's natural satellite by 2024 - four years ahead of the original target date.This funding would come on top of the $21 billion the administration proposed in its FY2020 b...Read More
Sandvik Additive Manufacturing has created the first ever 3D printed diamond composite. The stones lack sparkle, but are perfect for a wide range of industrial uses, says the company. The advantage is that the diamond can be 3D printed in very complex shapes, unlike mined or manufactured diamonds.Sandvik says the difference between its diamond and natural or synthetic diamonds is that its process...Read More
Saskatoon-based UEX Corporation has received the assays of the final 24 holes of the winter drill program at its West Bear cobalt-nickel property in the eastern Athabasca Basin.Highlights from the recent results include hole WBC-143, which intersected 8.3 metres averaging 0.33% cobalt and 0.75% nickel from 55.5 to 63.8 metres, including 0.55% cobalt and 1.39% nickel over 4.0 metres from 55.5 to 59...Read More
Osisko Metals of Montreal has released additional assays from 145 drill holes completed in the L-36 and L-35 areas in the East Mill zone at the Pine Point zinc-lead camp. The intersections are within flat, tabular deposits and are located between nine to 51 metres below surface.Excellent results came from hole EM-18-PP-331 that intersected 10.23% zinc and 9.19% lead over 13.1 metres and hole EM-18...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Qualcomm (QCOM - Get Report) tumbled Wednesday after a federal judge ruled in favor of the Federal Trade Commission in a long-running antitrust dispute over patents and licensing. The Dow Jones Industrial Average ended down on a report the U.S. could blacklist more Chinese companies. Target (TGT - Get Report) climbed after the ret...Read More
Global Atomic Corporation (TSE:GLO) is "two businesses in one company", according to Executive Vice President Merlin Marr-Johnson.There's zinc recycling in Turkey, and uranium exploration and development in Niger.If that doesn't seem like a natural coupling in terms of commodity or jurisdiction, then consider it from a financial perspective.It's long been a truism that the most investable explorat...Read More
Weekly Reports |May 21 2019The uranium spot price continues to drift lower.-Uranium market in limbo-232 decision due July 14 (not guaranteed)-Buyers unwilling to commitBy Greg PeelIt's rather difficult to maintain interest in a market for which, week after week, the story remains the same. But unfortunately that is the case for uranium at present. Until there is a decision on section 232, buyers a...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 22.Read More
The three-month copper's price on the London Metal Exchange fell by 1.3% at the close of trading on Wednesday May 22, with price pressure emerging from resurging trade tensions between the United States and China, while dollar strength is limiting commodity investment. Volumes were moderately high for the red metal by the close, totalling more than 18,000 lots traded, the most since May 13. Follow...Read More
Copper's fundamentals mean prices should be higher but much depends on the outcome of the US-China trade dispute, according to an executive at ED&F Man Capital Markets. Keith Gwozdz, vice president of metals at the LME brokerage firm, said that there are three potential outcomes when talks between the countries resume at the G20 summit of governments and central bank governors in Japan (June 28-29...Read More
The liquidation order issued by the government of Zambia, that would allow it to take control of the copper-producing assets held in the African country by global metals producer Vedanta, has sent shockwaves through the global industry.The order marked the first government takeover attempt in the country, which is Africa's second-largest copper-producing region.Customers of Konkola Copper Mines (K...Read More
Most North American and European market indices were set for upbeat starts today and Australia's S&P/ASX200 was up at the time of writing.Copper miners gained yesterday, with Freeport-McMoRan (NYSE: FCX) up about 1.5% in New York and Antofagasta (LSE: ANTO) rising more than 2% in London.Base metal futures were mixed in Asian trade and the gold price remains about US$1,274 an ounce.Alumunium pr...Read More
Copper's fundamentals mean prices should be higher but much depends on the outcome of the US-China trade dispute, according to an executive at ED&F Man Capital Markets. Keith Gwozdz, vice president of metals at the LME brokerage firm, said that there are three potential outcomes when talks between the countries resume at the G20 summit of governments and central bank governors in Japan (June 28-29...Read More
Barrick Gold's subsidiary Acacia Mining (LON:ACA) condemned its parent company on Wednesday for keeping it out of discussions with the government of Tanzania about a long-running row over outstanding tax claims.Acacia's comments come on the heels of the Canadian gold giant's bid to take full control of the company, which is Tanzania's No. 1 gold miner.Toronto-based Barrick has proposed to buy the...Read More
Germany's Aurubis has agreed to acquire copper-tin recycler Metallo Group in a ?,?380 million ($424 million) share purchase deal, it said on Wednesday May 22.Fastmarkets reported in February that TowerBrook Capital Partners, Metallo's private equity owner, was close to agreeing a sale of the company, which operates plants in Belgium and...Read More
Glencore AG has signed an agreement to supply cobalt feedstock and financing to recommission the First Cobalt refinery in Ontario, Canada.The memorandum of understanding could result in annual production of roughly 2,000-2,500 tonnes of cobalt in sulfate from the plant, which is North America's only primary cobalt refinery.Glencore will evaluate making a loan to fund the capital requirements to re...Read More
Gold futures ended lower Tuesday as global stocks staged a rebound and the dollar strengthened a bit, dulling bullion's appeal and sending prices to the lowest finish in almost three weeks. June gold GCM19, -0.07% on Comex lost $4.10, or 0.3%, to settle at $1,273.20 an ounce, after booking a modest rise on Monday. The yellow metal logged the lowest most-active contract settlement since May 2, and...Read More
By: Ira EpsteinGold at Bollinger - lower band support. Market is oversold:Read More
Stocks are in wafting mode, indifferent to tariff wars, slumping retail sales and impeachment talk. The broad averages have been racking up impressive gains even when buying interest is weak to nil. It certainly felt that way on Tuesday, when the Dow Industrials rose nearly 200 points on the opening bar, then hovered aloft for the rest of the day. For every tepid buyer it would seem that there i...Read More
Short sellers in gold and silver need to trade very carefully as long as they do not fall below $1260 and $1419. There can be very sharp pullback rallies as long as gold trades over $1260 and silver trades over $1419. Crude oil will break free from $60-$65 consolidation phase and form a new range. Copper and industrial metals can trade with a softer bias. Momentum for gold and silver is down....Read More