Noront Resources (TSX-V: NOT) signed a memorandum of understanding with the Aroland First Nation to advance the planning process for the development of the Eagle's Nest nickel-copper-platinum-palladium deposit in the Ring of Fire, northern Ontario.In a media statement, both parties said that the MoU contemplates Aroland becoming a shareholder of Noront. The company will issue 150,000 shares to the...Read More
VANCOUVER, British Columbia -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) ("New Pacific" or the "Company") is pleased to announce the assay results from the first eight drill holes from its wholly-owned Silver Sand Project located in the Department of Potos?-, Bolivia. Drilling is on-going and the Company currently has three drill rigs on site. The 2019 drilling program at Silver...Read More
Jun 07, 2019 Guest(s): Kerry Smith Vice President & Senior Mining Analyst of Haywood Securities. The mining industry was bested by rivaling cannabis stocks which attracted significantly more capital last year, and the miners themselves are at fault for this, said Kerry Smith, vice president and senior mining analyst of Haywood Securities. "The leadership has to start with the seniors, the produc...Read More
In recent days the market has moved from expecting a rate cut by January 2020 to now expecting as much as three rate cuts by then. As a result both Gold and gold stocks launched higher, forming a "three white soldiers" bullish reversal pattern.Last week and in previous writings, we noted the importance of the actual rate cut for Gold and gold stocks. Their performance in both nominal and relative...Read More
June 7 (UPI) -- Former New York City Mayor Michael Bloomberg on Friday will launch what he calls the largest ever coordinated campaign to beat climate change, which will close all U.S. coal plants by 2030.Bloomberg said the $500 million program, Beyond Carbon, will put the United States on track toward a 100 percent clean energy economy by working with advocates to "build on leadership and climate...Read More
Physical uranium trader tagged with nickname of the radioactive metalOwns around 9.62mln pounds of uraniumRaised US$200mln ( ?151mln) from June 2019 IPO, plus additional ?25.9mln in April 2019 placingContract to buy up to an additional US$100mln of U3O8 each year for the next nine years from Kazatomprom What Yellow Cake does:Yellow Cake PLC (LON:YCA) is a physical uranium trader with a monik...Read More
Global aluminium billet premiums were mostly flat on Friday June 7 due to a lack of spot business, but the premium in Spain fell to its lowest since August 2017.Global aluminium billet premiums were mostly flat on Friday June 7 due to a lack of spot business, but the premium in Spain fell to its lowest since August 2017. Billet premiums in Germany, Italy stable Limited spot activity in US Argentin...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Friday as weak job numbers lifted hopes for a interest rate cut from the Federal Reserve. Zoom Video Communications (ZM) surged after posting stronger-than-expected first-quarter profit in its first-ever report as a public company. Zoom Video is Real Money's Stock of the Day. Beyond M...Read More
Lead's three-month price on the London Metal Exchange was lower at the close of trading on Friday June 7, failing to sustain gains made earlier in the week but staying above its nearby $1,800 per tonne support level, while disappointing US job growth figures hung over the commodity markets.The three-month lead price reaching an intraday low of $1,820 per tonne, down by more than 3% since Thursday'...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
NEW YORK – Don’t expect an upswing in the global uranium market anytime soon.“In our models, we don’t get excited on the demand side,” said Galymzhan Pirmatov, CEO of Kazatomprom, Kazakhstan’s State-owned mining company that’s the world’s biggest supplier.AdvertisementWith construction of nuclear power plants at a ten-year low, uranium demand remains...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
"Shanghai Gold will change the current gold market with its 'consumed in the East but priced in the West' arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed." - Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014The quote above is for the benefit of anyone who refuses to acknowledge or accpet that the price of gold is manipu...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 7. China The imported charge chrome price nudged down amid low liquidity, with both sides of the market on the sidelines in advance of the next tender price announcements by China's major mills. The UG2 chrome ore...Read More
Under the new guidelines, mining companies will be able to ask OSC to review their disclosure before they file a prospectus.The OSC said this week mining companies would be able to ask the regulator to review their disclosure before they filed a prospectus, which should enable firms to identify and rectify any issues that could prevent regulatory approval quicker."This initiative will provide grea...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Fastmarkets' alumina index fob Australia declined by 3.7% on Friday June 7 to its lowest since early May.The daily fob Australia alumina index fell to $349.39 per tonne from $362.66 per tonne the previous day. Key drivers: The most recent tender for Indian material concluded at $341.80 earlier today, pushing the index...Read More
(Updates with closing prices)By Peter HobsonLONDON, June 7 (Reuters) - Copper prices were set for theireighth straight weekly fall after trade disputes, signs ofslowing global economic growth and disappointing U.S. jobs dataweakened the demand outlook for metals.Benchmark copper on the London Metal Exchange (LME)traded down 0.2% at $5,799 a tonne in closing rings, down 0.5%this week. Copper has fa...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 240,47784,36256,898132,517305,093429,892446,353 Change from Prior Reporting Period 46,014-23,413-5,308-58,7733,849-18,067-24,872 Traders 19872675054278168 Small Speculators LongShortOpen Interest 51,60335,142481,495 -5,5641,241-23,631 non reportable posit...Read More
- Dave Kranzler"Shanghai Gold will change the current gold market with its 'consumed in the East but priced in the West' arrangement. When China has the right to speak in the international gold market, the true price of gold will be revealed." - Xu Luode, Chairman, Shanghai Gold Exchange, 15 May 2014The quote above is for the benefit of anyone who refuses to acknowledge or accpet that the price...Read More