Ted's confirmed it, and he says that expectations for a government crack-down on market manipulation is now just a faint hope. Here's why...by Ted Butler via Silver SeekA recent interview with former CFTC Commissioner Bart Chilton nearly knocked me off my feet because it confirmed what I have alleged, starting more than 12 years ago. I'll include the interview later, but first I will set the backg...Read More
The price of copper in the United States was in negative territory in morning trading on Friday April 5 because of reservations about the China-US trade talks.The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched down by 0.30 cents per lb to $2.9070 per lb.Talk of a trade deal had boosted sentiment across the commodities markets, including among the b...Read More
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More
Fortuna Silver Mines (TSX: FVI; NYSE: FSM) reported a jump in resource tonnes and ounces exclusive of reserves at its Lindero gold project in Argentina and estimates the project will produce between 145,000 and 160,000 ounces of gold in its first year of commercial production.The company reported measured and indicated resources for Lindero of 18.9 million tonnes (a 51% increase over earlier esti...Read More
Copper producers must collectively raise their game to improve the metal's ethical and green credentials as ageing mines require more water and energy to produce the same amount of metal, one of BHP's most senior executives said on Friday.Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy as its properties as an electricity conductor hand it a lea...Read More
ULAANBAATAR - A group of Mongolian legislators has recommended one of the agreements underpinning Rio Tinto's Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project's political problems.The Gobi desert copper deposit promises to become one of Rio Tinto's most lucrative properties, but it has been subject to repeated challenges from politicians who argue the spoi...Read More
The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale's Brumadinho dam in Brazil in January, which killed hundreds.Following the disaster, a group of 96 institutional investors (representing more than $10.3 trillion assets under managemen...Read More
Copper's three-month price on the London Metal Exchange depreciated at the close of trading on Friday April 5, falling by just under 2% over the week and dipping below $6,400 per tonne during the afternoon session amid low volumes and a surging US dollar index. Similarly, Thursday's delivery of more than 30,000 tonnes into LME-listed warehouses across Europe and Asia helped boost copper's dwindlin...Read More
Volkswagen Group has reached a memorandum of understanding with lithium producer Ganfeng Lithium for long-term lithium supply.Volkswagen Group has signed an MoU for the long-term supply of lithium for battery cells with lithium producer Ganfeng Lithium The agreement establishes that Ganfeng will supply Volkswagen Group and its suppliers for 10 years. The companies did not specify volumes, agreed p...Read More
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More
The P1020 Midwest aluminium premium in the United States edged higher on Friday April 5 amid tightening supply and a wide contango on the London Metal Exchange.Fastmarkets AMM assessed the P1020 Midwest premium at 19.25-19.5 cents per lb on April 5, up from 19-19.25 cents per lb, where the premium had held since March 29.Traders pointed to the high cost of replacing metal - citing the US Section 2...Read More
Continued supply concerns in the US copper rod market have prompted higher offers for material - and put pressure on domestic premiums, market sources told Fastmarkets AMM.Fastmarkets AMM's assessment of the US copper rod premium was unchanged at 15-17 cents per lb delivered to the Midwest on Thursday April 4; the premium has remained at that level since January 3. Production issues at Asarco...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday April 5:Aluminium scrapFloated Frag: ?,?1,045-1,090 per tonne from ?,?1,050-1,095Cast: ?,?955-975 per tonne from ?,?960-980Mixed...Read More
The price of copper in the United States was in negative territory in morning trading on Friday April 5 because of reservations about the China-US trade talks.The copper price for May settlement on the Comex division of the New York Mercantile Exchange inched down by 0.30 cents per lb to $2.9070 per lb.Talk of a trade deal had boosted sentiment across the commodities markets, including among the b...Read More
The atmosphere at the Cesco copper industry gathering in Santiago, Chile, next week is expected to be lifted by a bullish outlook for the red metal. The South American gathering is traditionally characterized by strong attendance by miners, due in part to its proximity to the largest copper mines in the world. As a result, delegates will have a keen focus on factors that could affect the upstream...Read More
The federal court in Bel?(C)m, in the northern Brazilian state of Par??, has scheduled a second conciliatory hearing on April 12 to discuss the production embargo of Norsk Hydro's Alunorte alumina refinery. The first hearing took place on Thursday April 4, with Norsk Hydro and Brazil's federal prosecutors' office (MPF) producing information to the judge regarding the progress of the ongoing third-...Read More
On Alrosa's (MICEX: ALRS) Capital Markets Day on March 18th, the company said the most frequently asked questions it gets during 1-on-1 meetings with investors are those related to the impact that "synthetic" diamonds will have on the business.Three days later, on a Mountain Province Diamonds (TSX: MPVD) analyst call following the company's full year 2018 results, a portfolio manager posed more of...Read More
Brazilian slab export prices remained stable in the week to Friday April 5 week while producers prepared to increase prices and offers.Fastmarkets' weekly assessment of Brazilian slab export prices was $510-550 per tonne fob on April 5, again stable week on week.Producers have started to renew offers for June shipment, and Brazilian material is expected to continue trading at high prices, due to m...Read More
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.Fundraising by unlisted funds for investment in natural resources - oil and gas, timberland, farmland, water and mines - set a fresh record in 2018, totalling $93 billion, and is likely to top $100 billion as more data become...Read More
During her opening address at the 6th Forum of the Africa-Belgium Business Week, Marie-Chantal Kaninda, executive director of the World Diamond Council, told global leaders that expanding the scope of the Kimberley Process to include issues related to human rights and labor relations will help create conditions in which Sub-Saharan Africa's artisanal diamond miners can meet their economic potentia...Read More