Comex copper prices slipped on Friday morning in the US amid the continued trade war between the US and China and Federal Reserve worries, which are weighing on the equity and commodity markets.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.45 cents to $2.6820 per lb.Yesterday, the Federal Reserve lifted interest rates once again and issued...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Bob Moriarty ArchivesDec 21, 2018Novo just announced results from testing at two different projects in the Pilbara. I’ll start this piece with the results from the Tomra sorting machine because it’s so simple to understand. It works.Novo took four samples from Purdy’s/Comet Well and ran them through the Tomra machine. In three of the tests, the material ranging in size from 6 mm...Read More
Rio Tinto has concluded the sale of its entire 40% stake in the Grasberg mine in Indonesia for $3.5 billion, as part of a series of transactions involving state-owned PT Indonesia Asahan Aluminium (PT Inalum) and Freeport-McMoRan Inc. PT Inalum previously held a 9.35% stake in Grasberg, the world's second largest copper mine. Fastmarkets MB previously reported on the sale of Rio Tinto's stake earl...Read More
Adam HamiltonArchivesDec 21, 2018 The dovish Federal Reserve lit a fire under gold and its miners' stocks this week. As universally expected the FOMC hiked rates for the 9th time in this cycle. But it also lowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking that wasn't dovish enough. But market reactions to the FOMC form over a couple days,...Read More
The company said it would buy for cancellation up to 25.51 million Class A shares. The public float comprised 255.13 million shares as at December 14, and 391.25 million total issued and outstanding on the same date.The programme will expire on December 23, 2019. All purchases at prevailing market prices will be made via the TSX, alternative Canadian trading systems and/or the NYSE.Alamo...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that it has completed a non-brokered private placement of 4,623,800 units (each, a "Unit"), at a price of $0.45 per unit, for gross proceeds of $2,080,710.00. Each Unit consists of one common share of the Company, and one common share purchase warrant (a "Warrant"). Each Warr...Read More
Vancouver, BC - Peekaboo Beans Inc (CSE:BEAN | OTCQB:PBBSF) (the "Company" or "Peekaboo Beans"), is pleased to announce that it has oversubscribed its non?EUR?brokered private placement (the "Private Placement") previously announced on December 14, 2018, pursuant to which it has issued an aggregate of 5,850,000 units at a price of $0.10 per unit (each a "Unit") for gross proceeds of $585,000....Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
CloseGain/LossOn WeekGold $1255.50-$5.50+1.39%Silver$14.62-$0.15+0.27%XAU68.67-1.60%+1.60%HUI156.47-1.28%+2.50%GDM570.74-1.04%+1.84%JSE Gold1316.81-28.01+1.12%USD97.03+0.69-0.44%Euro113.63-0.94+0.51%Yen90.02-0.10+2.03%Oil$45.59-$0.29-10.96%10-Year2.783%-0.021-3.80%Bond144.8125+0.09375+0.96%Dow22445.37-1.81%-6.87%Nasdaq6332.99-2.99%-8.36%S&P2416.58-2.06%-7.05% The Metals: Dow dives 400 poin...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort182,168106,20853,411132,148224,823367,727384,442Change from Prior Reporting Period 12,568-2,893310-2,13713,17010,74110,587Traders17079694949247173 Small Speculators (C) GoldSeek.com LongShortOpen Interest 44,75828,043412,485 -506-35210,235 non reportable positionsChange from t...Read More
Just one request, please do not trade while drunk during the vacations. Merry Christmas. Enjoy the present and forget the past.Gold needs a close over $1260 and silver needs a close over $1490 today to zoom next week. Volumes will be there from Asia. Trading volumes will be down next week but not zero. Holiday goers will enjoy as petrol/diesel prices are low. The current market situation is that...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Global ferrous scrap prices continued to fall further during the week ending Friday December 21, after transactions were done at lower prices.Prices fell further in most scrap markets worldwide this week, with deals in Turkey and India concluded at lower levels, while Asian scrap prices slumped from limited demand and US prices remained flat for a second week.Turkey importsPrices co...Read More
Prices for light iron scrap in the United Kingdom were steady this week while the market processed a price reduction made last week to 5C and monthly prices due to ongoing market headwinds, sources told Fastmarkets on Friday December 21.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?65-95 ($82-120) per tonne on December 21, flat week on week, bu...Read More
The Sweet Repose adit at ePower's Panther Creek Project in Idaho. Left to right, Jay Gatten Vendor, Michael Collins, CEO, ePower Metals, and Brian Brewer, consulting geologist. Source: ePower Metals Inc.ePower Metals Inc. [EPWR-TSXV] says it has entered into a definitive agreement to buy Exploracion Auramex S.A. de C.V. and its Magenta Cobalt Project in Sinaloa, Mexico.ePower Metals is buying the...Read More
The price of shredded ferrous scrap imported into India fell further this week, with fresh deals bringing the index to a year-to-date low, market participants said on Friday December 21.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $331.98 per tonne cfr Nhava Sheva on December 21, down from $337.50 per tonne cfr Nhava Sheva on December 14. Continued poor...Read More
Teck acquires 13.8% stake in Sun Metals.Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE] has spent $3.5 million to acquire a 13.8% stake in Sun Metals Corp. [SUNM-TSXV], a junior that has been moving to fund exploration at the Stardust polymetallic project in British Columbia.Teck said it has acquired the interest by picking up 12.5 million common shares of Sun Metals at 28 cents per share. The shares...Read More
Comex copper prices slipped on Friday morning in the US amid the continued trade war between the US and China and Federal Reserve worries, which are weighing on the equity and commodity markets.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 1.45 cents to $2.6820 per lb.Yesterday, the Federal Reserve lifted interest rates once again and issued...Read More
The three-month base metals prices on the London Metal Exchange were mainly firmer this morning, Friday December 21, the exception being nickel which was down by 0.5%. Copper, aluminium, zinc and tin were up by between 0.2% and 0.3%, with lead little changed. The three-month copper price was up by 0.2% at $6,032 per tonne.Volume across the complex has been below average with 4,508 lots traded as a...Read More