In 2017, the financial world was filled with talk of synchronized sustainable growth in major economies for the first time since before the 2008 global financial crisis. This was being proclaimed by global financial elites including Christine Lagarde, head of the IMF.Now that vision is in ashes. Synchronized global growth has turned into a synchronized global slowdown. Growth has already turned ne...Read More
Today Trump reminded markets that truce is not peace."Remember, I am a Tariff Man," the president huffed this morning.Meantime, Trump's senior economic adviser Larry Kudlow acknowledged that a trade deal with China "may not get done."If the 90-day truce fails, expect the swords to leap from their scabbards... and the cannons to be readied.Trump may impose 25% tariffs on all Chinese goods - if he i...Read More
China's domestic hot-rolled coil prices were mixed on Thursday December 6 due to differing levels of demand between the major markets, while a shipment that was sold at an unexpectedly low range weighed on the export segment.DomesticEastern China (Shanghai): 3,750-3,780 yuan ($547-551) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,610-3,620 yuan per tonne, down 20-30 yuan per tonne...Read More
China's domestic and export prices for rebar fell further on Thursday December 6, with a pessimistic outlook for supply and demand emerging in the market.Domestic Eastern China (Shanghai): 3,880-3,920 yuan ($566-571) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,560-3,590 yuan per tonne, down 30-40 yuan per tonneRebar futures tumbled during the day, which weighed on spot prices. Buy...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets MB.Unless otherwise stated, all prices are per lb on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price quotation, click here.To see all Fastmarkets pricing methodology and specification documents go to: https://www.metalbulletin.com/prices/pricing-methodology.ht...Read More
Base metals prices, bar those for zinc, on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Thursday December 6, with lingering concerns surrounding the trade tensions between the United States and China causing prices to soften.Despite positive trade headlines on Wednesday, an uptick in tensions overnight and lingering fears that the ongoing trade war between the t...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. In addition, the cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price asses...Read More
China's domestic stainless steel market picked up some strength over the past week after a 90-day truce was called to the trade war between the country and the United States.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,300-15,000 yuan ($2,085-2,187) per tonne including VAT for the week ended Wednesday December 5, narrowing upward...Read More
Import prices for stainless steel in East Asia inched up over the past week following a months-long slump, with support coming from a rebound in the nickel market and an increase in local Chinese prices which came after the United States gave a 90-day reprieve on potential new tariffs against China.But regional buying interest for stainless steel remained thin, which dampened trading activity and...Read More
While prices for most precious and base metals have been subdued throughout 2018, there has nevertheless been a high level of mineral exploration around the world, as companies seek to fill the project pipeline before the next uptick in commodity prices. Here is a look at eight such companies and projects.ATON RESOURCESVancouver-based, Mark Campbell-led Aton Resources (TSXV: AAN; US-OTC: ANLBF) is...Read More
International Lithium (TSXV: ILC; US-OTC: ILHMF) could produce 10,000 tonnes lithium carbonate equivalent per year over a 25-year mine life at its Mariana lithium brine project, according to a recent preliminary economic assessment. It could also produce 84,000 tonnes per year sulphate of potash.The project, located in Salta, Argentina, has an estimated US$192 million after-tax net present value a...Read More
Arena Minerals (TSXV: AN) has acquired privately held Antofalla Minerals for US$400,000 in cash and 10 million common shares.Antofalla Minerals' flagship property is its 4,000-hectare Antofalla lithium brine project in Argentina's Salar de Antofalla. The salar straddles the provinces of Catamarca and Salta in northwestern Argentina.The three claims cover the central portion of the Salar de Antofal...Read More
In a move long sought by mineral explorers active in Canada, Canada's federal government has extended its mineral exploration tax credit (METC) for five years, in contrast to the prior tradition of renewing it annually.The news came in November as part of the government's fall economic statement, which included a $17.6-billion suite of business-friendly tax measures and investments that should ben...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineThe past two ‘From the Capital' columns have characterised slowing global growth and tightening monetary condit...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineThe demobilisation of the FARC guerrilla group has lowered the overall terror threat in Colombia but the risk to reso...Read More
In its quest to become the sole owner of the Pinos gold project, Candelaria Mining (TSXV:CAND) is issuing 7,075,472 common shares to the shareholders of Minera Apolo, a move that will allow the Canadian miner to acquire the 40% it still didn't have of the Mexican company's shares."I am pleased to announce that Candelaria will hold 100% of the Pinos gold project. The recently released PEA shows tha...Read More
The European Union's largest coking coal producer JSW could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million tonnes by 2030 from roughly 15 million now.Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice, around 50 kilometres from JSW's Silesian offi...Read More
B.C.'s top securities cop is alleging a corrupt, made-in-B.C. share distribution scheme that has left retail investors holding on to a significant amount of depreciated cannabis, . . .Read full newsRead More
"FPX Chairman Peter Bradshaw has received the @AME_BC 2018 Gold Pan Award for exceptional meritorious service to mineral exploration.Read full newsRead More
"Philippines #nickel production will fall to 215kt in 2018 from 370kt in 2017. In 2019, nickel output will fall to 150kt.https://t.co/W3P9vqTHxj"Read full newsRead More