Jun 06, 2019 Guest(s): Chris Berry The expansion of electric vehicles (EVs) market share in the automotive space will create major tailwinds for rare earth minerals, and there are plenty of ways investors can take part, said Chris Berry, president of House Mountain Partners. "If you're still of the belief that there's going to be ten of 15% EV penetration out of the next ten to 15 years, obviou...Read More
Criminal negligence charges have been laid against mining and construction giant Peter Kiewit Sons in British Columbia for a worksite death in 2009 in Tobla Inlet. The charges are unprecedented in Canada for a major multinational corporation, the CBC reported. Sam Fitzpatrick was 24 when he was crushed to death by a boulder on the Kiewit worksite. Peter Kiewit Sons Co. and two former...Read More
Gold prices extended gains Thursday, taking bullion prices to within touching distance of a 2019 high, as investors bet on central bank easing and weakening currencies as the global economy continues to feel the affects of a prolonged U.S.-China trade war. With markets pricing in a 50% chance of a September rate cut from the European Central Bank, a view that could be confirmed at its policy mee...Read More
The three-month lead price on the London Metal Exchange climbed by just under 2% at the close of trading on Thursday June 6, closing just below $1,900 per tonne amid news of Nyrstar's declaration of force majeure at its Port Pirie smelter in Australia. The force majeure affects lead contracts for deliveries from Port Pirie after the blast furnace failed at the end of May. Representatives at t...Read More
A potential global ban on internal combustion engines (ICEs) by 2030 could facilitate a growth in nickel's share of the electric vehicle battery market to 80%, Al Bedwell of automotive intelligence provider LMC Automotive said at the 7th International Nickel Conference on Thursday June 6. The potential for a ban of traditional ICE vehicles by 2030 is driven by crackdowns on carbon emissions in Eur...Read More
The first deal for third-quarter aluminium ingot supply to Japan has been concluded at a cif premium of $108 per tonne basis main Japanese ports (MJP), nearly 3% above the second-quarter benchmark, market sources told Fastmarkets on Thursday June 6. The deal between a Japanese aluminium trading firm and an overseas supplier was agreed very early in the negotiations process and slightly above marke...Read More
Purepoint Uranium Group of Toronto has offered an update on work planned for the Hook Lake uranium project. Purepoint (21%) sat down with its joint venture partners Cameco (39.5%) and Orano Canada (39.5%) to review data and develop the next steps to advance the project.There are three areas of particular interest. The North Dragon area lies 800 metres west of and parallel to the Dragon shear zone....Read More
Fastmarkets proposes changes to the publication day for two weekly Chinese ferro-silicon prices from Friday to Wednesday. The two price assessments include the ferro-silicon MB Chinese free market min 75% Si in warehouse China price and the ferro-silicon export min 75% Si fob China main ports $/tonne price.Fastmarkets is proposing this change to align the publication time of its China ferro-silico...Read More
Global zinc and lead producer Nyrstar has declared force majeure on contracts to supply lead from its Port Pirie smelter in Australia, a spokesman for the company said on Thursday June 6. The company called the force majeure after the blast furnace at the Port Pirie smelter failed at the end of May. It is "not possible to say at...Read More
Gold Fields said the sale of its 19.9% shareholdings in both gold and royalty streaming company Maverix, and ASX-listed miner Red 5, were completed at significant premiums to the look-through acquisition costs. It raised C$91.4 million (US$68 million) through a series of private market transactions over the past four weeks, led by Resolute Funds and Tocqueville Asset Management. Gold Fie...Read More
Acting METS Ignited CEO Ian Dover said at the conference a new AlphaBeta report due out soon on the likely total economic impact of automation and robotics on the Australian resources sector would suggest the "size of the prize" was massive indeed and would include more than $52 billion of added value in mining by 2030 and wider supply-chain (METS) and economic value creation.It follows a March 20...Read More
Speaking at the Austmine 2019 conference in Brisbane, Australia, Epiroc senior executive VP mining and infrastructure Helen Hedblom said the mining industry generally had made great strides improvingRead More
The MySteel 62% Australian iron ore fines price added another 2.5% on Friday to US$100.35 per tonne, a fresh five-year high.Vale said Gongo Soco had been closed since 2016, but its dam was just 1.5km from housing. The alert level was raised to 2 in February and to 3 in March."It should be noted that there are no technical elements so far that point towards an eventual slide of the northern slope o...Read More
Key data from the Wednesday June 5 pricing session in China. Key driversChinese cobalt sulfate price stabilizes due to producers' efforts to keep their offer prices steady. Consumer demand remains weak amid uncertainty surrounding electric vehicle (EV) sales in the second half of 2019. Chinese battery and battery materials manufacturers have slowed their operations while they await greater clarity...Read More
Key data from the Wednesday June 5 pricing session in Europe.Key drivers Thin demand in Europe for both grades of the material.A call from the antimony branch of the China Nonferrous Metals Industry Association asking major producers in the country to reduce output in a bid to reverse price weakness could...Read More
Dr. Chris Martenson PhD & Chris Waltzek PhD - June 4th, 2018. * Download MP3 formatHighlightsDr. Chris Martenson of PeakProsperity.com, author of Prosper! notes the global "everything bubble." Virtually every asset class was inflated by profligate monetary policies and various fiat schemes. The global economy could be on the cusp of a 2nd Great Recession due in part to protectivist trade...Read More
Although oil prices and Treasury yields have been falling an anticipation of a widely advertised economic slowdown in Europe and China, U.S. stocks are rising as though boom times lie ahead. What is going on?? It would appear that bulls simply cannot control themselves when there is talk of Fed easing. The prospect of QE3 has been in the news lately, driving a short-covering rally that has p...Read More
By: Ira EpsteinGold reaching into resistance areas we have seen before:Read More
Turkish mills booked no deep-sea cargoes on Thursday June 5, due to the Eid al-Fitr public holiday, sources told Fastmarkets.The market will remain subdued for the remainder of the week while Turkey marks the end of the period of abstinence for the Islamic holy month of...Read More
Gold climbed on Wednesday with the prospect of an interest-rate reduction by the Federal Reserve, amid signs of economic weakness in the U.S., lifting the metal's price to its highest finish in 3 1/2 months. Futures prices touched highs near $1,349 an ounce after a report early Wednesday on private-sector employment for May from payroll processor ADP said employers hired 27,000 people in the mon...Read More