Looking for some tips to maximize your gold and silver stacking in 2019? Matt has four awesome tips which can help do just that...by Matt form Silver Fortune via Silver FortuneThese have been some prime years to accumulate silver and gold.It remains to be seen if 2019 will be similar, but here are some tips to maximize your stack in 2019. Read More
A requirement for a higher energy density for new EV battery projects has been removed from the official regulations on automobile industry investment published by the country's National Development and Reform Commission (NDRC) on its website. The energy density threshold was removed from the final version of the regulations on Tuesday December 18 owing to the fact that current technology is not d...Read More
Peter KrauthSilver is a particular kind of precious metal.Unlike gold, nearly 60% of silver demand comes from industry. That's because silver has great physical properties, while being much cheaper per ounce than gold.Often referred to as the "poor man's gold," silver has outstanding characteristics that make it valuable, and even indispensable, to industry and beyond.That's why I remain bullish i...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday December 19, reflecting a continued retreat in the dollar index The three-month copper price climbed 0.7%, ending back above $6,000 per tonne. In a quiet trading day, 16,200 lots of copper changed hands. In supply-side news, judges earlier this week ordered the reopening of Sterlite Copper's Tut...Read More
Comex copper prices rebounded on Wednesday morning in the US ahead of the Federal Reserve's decision on whether to raise or maintain interest rates.The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 2.40 cents to $2.6885 per lb. Earlier, the contract hit a low of $2.6930 per lb, its weakest since November 14.While the...Read More
Seaborne iron ore prices remained below $70 per tonne cfr China on Wednesday December 19, with market participants cautious over the more stringent implementation of steelmaking restrictions in China.MB 62% Fe Iron Ore Index: $69.15 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Pilbara Blend Fines Index: $68.95 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Iron Ore Index-Low Alumina:...Read More
It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More
JAKARTA - Copper miner Freeport-McMoRan Inc must pay Indonesia 460 billion rupiah ($32 million) in royalties for thousands of hectares of protected forest it used without a permit, Indonesia's Supreme Audit Agency (BPK) said on Wednesday.A 2017 state audit of operations at Freeport Indonesia's Grasberg copper mine, the world's second largest, pointed to the miner's use of more than 4,000 hectares...Read More
After five years of negotiations, Havilah Resources (ASX: HAV) has signed a Native Title Mining Agreement for its Kalkaroo copper-cobalt-gold project, northeast of Adelaide in South Australia.Kalkaroo is believed to be the largest undeveloped open pit copper-gold deposit in Australia on a copper-equivalent ore reserve basis. The signing of the new deal increases Havilah's chances of being granted...Read More
Following months of speculation on its ability to buy new assets, Canadian miner Hudbay Minerals (TSX, NYSE: HBM) announced today it has completed the acquisition of all of the issued and outstanding common shares of Mason Resources (TSX:MNR) it did not already own. Each common share was bought at a price of C$0.40.The transaction was closed for about C$31 million, as Hudbay took over the remainin...Read More
SASKATCHEWAN - UEX Corporation has released the maiden resource estimate for its 60% owned Christie Lake uranium joint venture. JCU (Canada) Exploration Co. is the 40% owner of the project located 9 km northeast of and along strike of the McArthur River uranium mine in the Athabasca Basin.The project is still in the early stages, and the drill holes were widely spaced, but the inferred resource is...Read More
The exploration camp at the Christie Lake uranium property. (Image: UEX Corp.)SASKATCHEWAN - UEX Corporation has released the maiden resource estimate for its 60% owned Christie Lake uranium joint venture. JCU (Canada) Exploration Co. is the 40% owner of the project located 9 km northeast of and along strike of the McArthur River uranium mine in the Athabasca Basin.The project is still in the earl...Read More
RAPAPORT... HRD Antwerp will open a diamond-jewelry grading laboratoryin Dubai's Almas Tower through a partnership with retailer Stargems Group. The center, which will be HRD's first such lab in the MiddleEast, will be located within the Dubai Multi Commodities Centre (DMCC) FreeZone, the gemological group said Wednesday. HRD and Stargems signed a memorandum of understanding inwhich the lab...Read More
RAPAPORT... Global jewelry sales increased 4% in the third quarter, drivenby growth in North America, according to market research by Alrosa. Sales in North America rose 4% despite concerns over theUS-China trade war, the Russian miner said Wednesday. Revenue in the Asia-Pacific region, including India andsoutheast Asia, rose 3% amid a continued expansion of national retailers acrossmainland...Read More
RAPAPORT... Gem Diamonds has recovered two large diamonds within a 24-hour period at its Let??eng mine in Lesotho, the company said Wednesday. The high-quality stones are white, type IIa diamonds weighing 101 carats and 71 carats, it added. The 101-carat stone is the 14th diamond over 100 carats the miner has found this year, a record for the company. Last year, Gem Diamonds unearthed eight...Read More
It was a great year for Africa-focused Gem Diamonds (LON:GEMD), as the company recovered a record number of huge precious stones from its flagship Let??eng mine in Lesotho.With the two latest, a high quality 101 carat and 71 carat white Type IIa diamond, both recovered within a 24-hour period, the number of stones over 100 carats dug up at the mine reached a record 14, the company said Wednesday...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Wednesday December 19, reflecting a continued retreat in the dollar index The three-month copper price climbed 0.7%, ending back above $6,000 per tonne. In a quiet trading day, 16,200 lots of copper changed hands. In supply-side news, judges earlier this week ordered the reopening of Sterlite Copper's Tut...Read More
Hong Kong-based jewellery giant Chow Tai Fook is the latest industry heavyweight to join De Beers' pilot of its end-to-end diamond blockchain program called Tracr, which aims at clearing the supply chain of imposters and conflict stones.Chow Tai Fook's participation will further extend the platform's reach into the Asian diamond sector, particularly in Greater China, the world's No. 1 diamond pr...Read More
RAPAPORT... Baselworld and Salon International de la Haute Horlogerie inGeneva (SIHH) will take place back-to-back from 2020 in an attempt by theirorganizers to reinvigorate interest in the shows. SIHH, which is usually a January event, will instead runfrom April 26 to 29 in Geneva, while Baselworld will begin immediatelyafterward, from April 30 to May 5. That show is usually scheduled for Ma...Read More
RAPAPORT... De Beers has expanded its blockchain initiative into theAsian retail sector by signing up Chow Tai Fook, the largest diamond jeweler inthe region. Chow Tai Fook's participation will enable De Beers to extendthe reach of the Tracr diamond-tracking program into greater China and thewider Asian market, the companies said Wednesday. "Authenticity, provenance and traceability are increasin...Read More