A Wisconsin district court has dismissed a lawsuit by the Menominee Indian Tribe of Wisconsin's lawsuit against both the United States Environmental Protection Agency and the U.S. Army Corps of Engineers that alleges they should have presided over Aquila Resources' (TSX: AQA; US-OTC; AQARF) wetlands permit application for its Back Forty Creek polymetallic project in Michigan.The Michigan Departm...Read More
Fixes story to reflect the indexes for new orders and employment increased. Getty Images A view of U.S. Steel Edgar Thomson Steel Works along the Monongahela River, March 10, 2018 in Braddock, Pennsylvania. The numbers: The Philadelphia Fed manufacturing index in December fell to a seasonally adjusted reading of 9.4, from 12.9 in November to reach the lowest level since August 2016. Any read...Read More
The benchmark in-warehouse Rotterdam aluminium premium fell to its lowest since January 2010 on Thursday December 20, the day after after the US Treasury announced its intention to lift sanctions on Russian aluminium producer UC Rusal in January. Fastmarkets assessed the duty-unpaid premium at $55-65 per tonne on Thursday, down from $60-75 per tonne the day before. Participants told Fastmarke...Read More
ReutersFederal Reserve Chairman Jerome Powell delivers the semi-annual Monetary Policy Report to the House Financial Services Committee. When Federal Reserve Chairman Jerome Powell says the central bank is data dependent, a fair question to ask is, what data? Looking at the minutes from previous Federal Open Market Committee decisions - and from the economic review the staff makes in particular -...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday December 20, with a continued retreat in the US dollar index failing to spur upward price action amid broadly moderate volumes.Closing at a fresh 2018 low of $1,912 per tonne, the three-month aluminium price fell to its lowest level since August 2017 at $1,905.50 per tonne amid announcement of the US Tre...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More
Bloomberg posted an article this morning describing the Collateralized Loan Obligation market as "Wall Street's Billionaire Machine." But I seem to recall that the CLO market was one of the financial nuclear bombs that blew up and triggered the financial system de facto collapse in 2008. Well, it's back - with a vengeance. Of course the taxpayers were once again sold a bill of goods never...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More
Visit our site www.Montrealanalyst.com for our view on the stock market which suggest that investing in the most undervalued stocks in the most undervalued sector, mining stocks will soon reward their investorsRead More
China Molybdenum's acquisition of trading house IXM is central to the company's growth strategy for the coming years and it will continue to survey the market for more M&A opportunities, the company told Fastmarkets.The Chinese mining company, which has spent $4.65 billion in the past two years on an acquisition rampage, remains open to buy new assets if the right ones appear."We are looking for m...Read More
Weekly Reports |Dec 18 2018December typically sees a pre-Christmas squaring up among uranium market participants. Last week was no exception.-End of year squaring-Spot price unchanged-Market in balance By Greg PeelIn this, FNArena's final Uranium Week for 2018, we note industry consultant TradeTech's weekly spot price indicator remains unchanged at US$29.00/lb. This is despite solid volume of 1mlb...Read More
Oracle said it had finished with Sichuan Provincial Investment Group as partner and signed an agreement Beijing Jingneng Power Company for the US$1.6 billion mine and power plant project. The new firm will keep the previous arrangement and eventually take a 78% share of the thermal coal project under the new memorandum of understanding. Oracle's share price was up over 50% on the ne...Read More
Revised standards for rebar in China have failed to lend continued support to vanadium prices in the country since their introduction in November, primarily due to enforcement of the standards not being as stringent as previously expected, market sources told Fastmarkets.The new rebar policy, effective November 1, 2018, requires Chinese steel mills to eliminate the original 335 megapascals (MPa)-t...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy"), is pleased to announce that it has completed its previously announced private placement on a "bought deal" basis for total gross proceeds of approximately $5.5 million, an increase over the originally announced $4.5 million base deal due to strong demand for the Offering (as defined herein).The Company has...Read More
Chinese customs officials continue to clamp down on antimony smuggling, with more material seized and more arrests made this week, Fastmarkets understands. Two suspects were arrested and 20 tonnes of antimony ingot seized on Wednesday December 19 amid China's latest efforts to stop the illegal movement of goods via the China-Vietnam border, sources familiar with the matter told Fastmarkets MB on T...Read More
China Molybdenum's acquisition of trading house IXM is central to the company's growth strategy for the coming years and it will continue to survey the market for more M&A opportunities, the company told Fastmarkets.The Chinese mining company, which has spent $4.65 billion in the past two years on an acquisition rampage, remains open to buy new assets if the right ones appear."We are looking for m...Read More
CloseGain/LossGold $1261.00+$19.00Silver$14.77+$0.19XAU69.79+4.78%HUI158.49+4.97%GDM576.83+3.08%JSE Gold1344.82-10.71USD96.34-0.72Euro114.57+0.85Yen90.12+0.82Oil$45.88-$2.2910-Year2.804%+0.024T-Bond144.71875-0.3125Dow22859.60-1.99%Nasdaq6528.41-1.65%S&P2467.42-1.58% The Metals: Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it chopped back lower...Read More
Jingle bells have not rung for any investment class towards the close of the year. We all read about heaven and hell on our religious books. In the "Kaalyug" (technological age as per Hindu scriptures), most of the people go to hell as they perform more bad deeds than good deeds. In financial language heaven is profit and hell are investment and trading losses. Most of us go to hell as we incur...Read More
Turkish scrap import prices increased on Thursday December 20 on positive sentiment although no new deals were heard, sources told Fastmarkets MB. Several new bookings were heard on December 18, including a steel producer in the Iskenderun region booking a European cargo comprising 25,000 tonnes of heavy melting scrap (HMS) 1&2 (75:25), 7,000 tonnes of a mixture of bonus and shredded...Read More
Fabrication and evaluation of Si-based anode for Li-ion batteries.MGX said it is financing a research consortium with UBC to develop a low-cost and scalable method for fabricating a silicon-based anode to improve the energy density of lithium-ion batteries.The two-year research program will focus on fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock, and composi...Read More