The London Metal Exchange three-month nickel price rose 2.9% on Tuesday July 16 to close above the $14,000-per-tonne resistance level.The LME three-month nickel contract closed at $14,065 per tonne, up $400 per tonne from the $13,665-per-tonne close on Monday.This is the first time nickel futures have surpassed the $14,000 mark since August 2018, with approximately 15,000 lots traded by 5pm o...Read More
First Cobalt Corp has agreed on a term sheet with Glencore AG, outlining the framework for a phased approach to recommission a cobalt refinery in Ontario, Canada, in less than a year with an expansion to 55 tonnes per day in 2021. The framework remains subject to a number of conditions and outline the key milestones to a long-term strategic relationship that could bring a reliable source of domest...Read More
Recylex' listing on Euronext Paris resumed at the opening of the stock exchange on Tuesday July 16 after the lead and zinc recycler announced its projected cash requirements for 2019, 2020 and 2021. Trading in European zinc and lead producer Recylex' shares was suspended on Monday July 8 at the company's own request following an unexplained 40% increase in the share price during the prior two days...Read More
The 55¢ financing consists of a share and half a warrant exercisable at 85¢ for three years, with the proceeds to be used for exploration and development activities. AngloGold currently owns 14.3% of Pure Gold's stock.The company is advancing its Madsen gold project in Red Lake, Ontario, Canada, on which it completed feasibility study in February to produce 80,000 ounces a year over a 12...Read More
With more than $5.Read More
The global market for refined zinc metal was in a deficit of 123,000 tonnes over the first five months of 2019, marking a 19.41% annual increase from 103,000 tonnes a year ago, the International Lead & Zinc Study Group (ILZSG) said. Refined zinc metal production contracted by 1% to 5.39 million tonnes in the first five months of the year compared with the same period of 2018. ILZSG reported produc...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has received its first US purchase order for its 4G/LTE Uniden (R) UV350 in-vehicle device. The order is for a single end-use customer to equip their fleet of yellow school buses, as part of a contract valued at over $925,000.Marc Seelenfreund, CEO of Siyata Mobile states, "W...Read More
The State of Play: Delivering strategy and innovation report by VCI analysed 399 of the world's largest mining and services companies, including Rio Tinto, BHP and OZ Minerals.Read More
Ore and alloy prices were stable in most global spot markets in the week ended Friday July 12, with excess supply continuing to put pressure on producers. UG2 ore price, cif China, ticks up; Turkish lumpy ore stable Charge chrome market in China unchanged High-carbon ferro-chrome range ddp Europe widens Ferro-chrome price in Japan narrows downward.Falls in the market for chrome ore stalled last we...Read More
The Canadian Mineral Industry Federation, which comprises more than 20 associations, said the country's mines ministers "must be bold" to attract greater investment and enhance competitiveness.The CMIF proposed a series of recommendations, including conducting a strategic review of Canada's tax regime to boost its investment attractiveness, to coincide with the 76th annual Energy and Mines Ministe...Read More
By: Ira EpsteinGold price action has tightened up, where next?Read More
[The following was contributed by Farmer, a subscriber from Nairobi who is active in the Rick's Picks chat room.] Of all the lies we read reported without question by the news media, one of the most egregious is that of China's GDP is still running hot at over 6% annually. It's an astonishing number for such a large economy and even more incredible during a global economic slowdown. With s...Read More
First Cobalt Corp has agreed on a term sheet with Glencore AG, outlining the framework for a phased approach to recommission a cobalt refinery in Ontario, Canada, in less than a year with an expansion to 55 tonnes per day in 2021. The framework remains subject to a number of conditions and outline the key milestones to a long-term strategic relationship that could bring a reliable source of domest...Read More
Turkish steel producers remained quiet in the deep-sea scrap markets, awaiting some signs of recovery in the finished steel sector, sources said on Tuesday July 16.The last verified scrap deal was on July 9 when a steel mill in the Iskenderun region booked a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20).Since then, Turkish steel mills have stayed away from the deep-sea markets...Read More
The Turkish domestic scrap markets remained mostly quiet last week due to the subdued finished steel markets and the seasonal summer slowdown, sources said on Tuesday July 16.Steel mills have kept their buy prices for auto bundle scrap flat, but ship scrap prices increased slightly due to expectations of a rebound in the price...Read More
Gold ended lower on Tuesday as a rise in U.S. retail sales contributed to a stronger U.S. dollar, pressuring prices for the precious metal. The upbeat retail sales number, however, also lifted prices for silver, brightening the metal's industrial demand prospects. A stronger U.S. dollar against both the euro EURUSD, +0.0357% and British pound GBPUSD, +0.0403% "have dampened whatever bullish edge...Read More
First Cobalt Corp has agreed on a term sheet with Glencore AG, outlining the framework for a phased approach to recommission a cobalt refinery in Ontario, Canada, in less than a year with an expansion to 55 tonnes per day in 2021. The framework remains subject to a number of conditions and outline the key milestones to a long-term strategic relationship that could bring a reliable source of domest...Read More
Hanging cockeyed off a ladder with an impact driver in one hand and a socket wrench in the other, sweat dripping in my eyes and the dogs running off with my instructions, I wondered, not for the last time, what I was doing...My beautiful wife has recently discovered the bargains available on Facebook (NASDAQ: FB) marketplace. If you don't know, Facebook has usurped the Craigslist space for classif...Read More
Chinese flake graphite export prices will face headwinds in the near term due to a slowdown in its traditional downstream supply chain and a surge of imported materials, delegates said on the sidelines of an industry conference in Qiandaohu, China, on July 11-12. In the fourth quarter of 2018 and the first quarter of 2019, Chinese flake graphite producers in production hubs, such as Shandong and H...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, July 16 (Reuters) - Nickel prices surged to theirhighest in a year on Tuesday, propelled by buying fromspeculators and industrial consumers worried about potentialfuture shortages.A key ingredient in batteries for electric vehicles (EVs),nickel could be subject to increasingly heavy demand with anexpected shift from d...Read More