The following Fastmarkets minor metals prices changed on Wednesday May 22:Antimony MB free market regulus, $/tonne: $6,800-7,000 per tonne from $6,900-7,150Antimony MMTA standard grade II, $/tonne: $6,600-6,750 per tonne from $6,800-7,000Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 39,000-40,000 yuan per tonne from...Read More
Fastmarkets has amended the names and specifications of its China cobalt sulfate assessments, effective Wednesday May 22, 2019. Fastmarkets has assessed the price of cobalt sulfate, ex-works China, on a 20.5% Co basis since the assessment was launched in June 2018, but due to an error, the definition of cobalt purity for the assessment was incorrectly stated as "Co 20.5% min" instead of "Co 20.5%...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.The Canadian Dollar was virtually unchanged at U.S. 74.67 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 1.0% versus a gain of 0.8% in February. Actual was an increase of 1.1%.Lowe's dropped $8.10 to $103.00 after reporting lower than...Read More
Import prices for stainless steel in East Asia have declined over the week ended on May 22 because of limited buying interest amid the heightened trade tensions between China and the United States.China declared that it would impose duties on $60 billion worth of US goods from June 1 in retaliation to US president Donald Trump's announcement that the US would raise tariffs on $200 billion worth of...Read More
European Metal Recycling (EMR) has sold parts of specialty scrap recycler Metal & Waste Recycling (M&W) to UK-based Recycling Lives following a competition inquiry. As part of the transaction, the two London-based sites of M&W will be retained by EMR. The sale will complete on Thursday May 30, EMR said. The disposal comes following an intervention by...Read More
According to a recent Empower Retirement survey, 66% of respondents said they don't understand what "rebalancing investments" means. A similar percentage, 69%, said they don't know what "asset allocation" means. And the survey found that millennials in particular find financial terms difficult to understand.I'd say it's not just the younger generations struggling to understand today's financial ja...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 22:Aluminium scrapBaled old rolled: ?720-740 per tonne from ?730-750Commercial cast: ?750-780 per tonne from ?750-800Group 7 turnings: ?430-450 per tonne...Read More
Here is the trouble with America's jingos, warhawks, drum-beaters, glory hounds, world-improvers and idealists:They are not patriotic.A jolting, nearly scandalous claim, it is true. Do these Americans not cry tears red, white and blue?Do they not yell about American "greatness"… American "exceptionalism"… the "shining city" atop the hill?That and more they do, yes. Yet they are not pat...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
A decline in output from the automotive market in Europe has negatively affected demand in the vanadium and ferro-chrome markets, with prices for both materials falling to multi-month lows.From January to April 2019, demand for new cars in the European Union decreased by 2.6% year on year to 5.3 million units registered in total, according to the European Automobile Manufacturers Association (ACEA...Read More
Bitcoin is back! So say the true believers, even with Friday's flash crash. But there less there than meets the eye.Bitcoin has staged a notable comeback from its 2018 crash. From a level of about $4,000 through the month of March, 2019, bitcoin had a two-day 23% spike from $4,135 on April 1, 2019 to $5,102 on April 3, 2019.Bitcoin then moved sideways in the $5,000 to $6,000 range until May 8, 201...Read More
My readers know that I'm a longtime critic of bitcoin. Bitcoin rose from about $2,000 in May 2017 to $20,000 by December 2017 in one of the greatest asset price bubbles in history.I argued repeatedly that it was nothing but a massive bubble and that the bubble would probably burst when it hit $20,000.In late 2017 it did.Bitcoin crashed from $20,000 all the way to $3,300 by December 2018 - an 83.5%...Read More
Today our spirits wallow. And our brow is creased with worry…For we are informed the United States is racing into a "death spiral" of debt.That is, when every public dollar it borrows must service its debt... crowding out all other demands.That debt presently exceeds $22 trillion.It expands by day, by hour, by minute, by second.But when does America finally go corkscrewing into the fatal aby...Read More
"Dr. Juan Lucena leads Humanitarian Engineering (HE) at Colorado School of Mines. The program brings together engineering and social science professors to transform the ways engineers are taught to think, define and solve problems with communities. ...'We don't presume that we know more than countries we want to serve,' said Lucena. That intellectual humility sets apart the Mines program from othe...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe editor of MJ has warned me, on pain of insta...Read More
Aurubis, Europe's biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals."Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials will increase significant...Read More
Australia's largest gold producer, Newcrest Mining (ASX: NCM), will begin in June the most extensive drilling program to date at Greatland Gold's (LON:GGP) Havieron gold-copper project in the Paterson region of Western Australia.The exploration activities, part of a joint venture the two companies signed in March, aim to define the extent of mineralization along strike and at depths to 1,000m be...Read More
British Steel, the country's second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain's Official Receiver said on Wednesday.The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe, northern Englan...Read More
Contact Gold Corp. (TSX-V: C) has completed its previously announced public offering, raising C$4 million. Shares of the company jumped by more than 13% on Wednesday morning. Its market capitalization now stands at about C$12.7 million.The funds will be used to conduct further drilling at Contact Gold's flagship Pony Creek project in Elko County, Nevada, as well as to explore other properties, the...Read More
". @Elemental_Royal Managing Director Frederick Bell will be joining the panel discussion 'From Alternative to Mainstream: How Royalties has changed the face of #MiningFinance' at #MJSelect#MJS"Read full newsRead More