Nickel's three-month price on the London Metal Exchange continued its uptrend at the close of trading on Wednesday July 17, appreciating by 3% to surpass $14,400 per tonne and trade at its highest level in a year.The metal's futures price traded at an intraday low of $13,900 per tonne during Asian trading hours, before climbing to an intraday high of $14,460 per tonne during the European trading d...Read More
Tin premiums across all global locations were flat in the week ending Tuesday July 16, with the metal's volatile three-month price and weakening demand picture capping spot liquidity. Some say weak European demand is weighing on sales, premiums. US market illiquid; premiums hold, despite pressure from aggressive new suppliers. Weak demand kept Chinese tin premiums unchanged.Low prices, supportive...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday July 17 that are worth another look.China's top copper concentrate buyers are in a fix. On Thursday July 18, the historically powerful China Smelter Purchase Team will gather for a quarterly meeting that traditionally is an arena for members to share information on trade flows and maintenance schedules, and to set a quarterly...Read More
Adventus said it would use the proceeds of the offering, at $1 per share, towards exploration and development activities at the Curipamba project and Ecuador exploration alliance properties, plus forRead More
China's top copper concentrate buyers are in a fix.On Thursday July 18, the historically powerful China Smelter Purchase Team (CSPT), which comprises purchasing managers from the country's 10 top-rated state-backed copper smelters, will gather in Hunchun city for their quarterly meeting.Traditionally, the forum is an arena for members to share information on trade flows and maintenance schedules,...Read More
Last year, the U.S. imported roughly 39,500 metric tons of graphite to meet its domestic needs.*Basically, lithium-ion batteries, which require a substantial amount of graphite continue to drive the demand for the commodity with no sign of it slowing down.So, when will the U.S. tap into this highly sought-after industry?The answer is still unknown, but we do know that it's in discussion. Anthony H...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 received a $700,000 purchase order from a single end-use customer to equip their mobile workers and vehicles assets with UR7 rugged handsets and CP250 in-vehicle device for a national railway company.Marc Seelenfreund, CEO and Chairman of Siyata Mobile, mentions, "Th...Read More
Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) announced its first major US purchase order today.The contract (valued at over $925,000) is for a single end-use customer to equip their fleet of yellow school buses. In general, Siyata's target market has been addressing the emergency response sector of the public safety industry-especially after the UV350 was announced as the only in-vehicle PTT comm...Read More
Global alumina prices have plummeted over the past two months in June and July due to poor demand and a surplus of excess cargoes in the market.Alumina prices in Western Australia, Brazil and China are all down over 15% since May and close to their lowest level in over two years. This is a stark contrast to this time last year, when alumina prices were trading close to record highs following strik...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from Fastmarkets' Wednesday July 17 pricing session in Europe:Key drivers The ferro-titanium market moved down amid a decline in spot demand for ferro-titanium for the past couple of months in response to a weakening European steel market, which is likely to remain quiet over the summer. The ferro-titanium market is close to its floor, according...Read More
More than two-thirds (69%) of respondents told Mining Journal companies are not transparent about the risks to capital when they present to investors.Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday July 17, because of the sluggish finished steel demand, sources told Fastmarkets.After booking a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20), the mills have stayed out of the market despite still needing to buy more cargoes for August deliveries."The steel producers in Turkey need to buy scrap for August...Read More
By: Gary SavageLots of currency intervention going on. Be careful with gold short-term:http://blog.smartmoneytrackerpremium.comRead More
* GRAPHIC-2019 asset returns: (Updates with official prices, Zambia copper)By Zandi ShabalalaLONDON, July 17 (Reuters) - Copper retreated from a two-weekhigh on Wednesday after U.S. President Donald Trump threatenedto impose further tariffs on China, a move which could dentdemand for metals.Three-month copper on the London Metal Exchange(LME) closed 0.5% lower at $5,980 per tonne, after the metalt...Read More
By Avi GilburtFor those that have been following our work closely, you would know that we called for the bottoming in the crypto complex back at the end of 2018, and saw strong potential for the bull market to resume. Our subscribers benefited quite nicely from our timely and accurate call at the time.In our last public article on Seeking Alpha, we stated our belief that the rally off the Decemb...Read More
Facebook gets deservedly bad press, and yet the stock is rapidly approaching record highs. The latest headline suggests the company's planned foray into cryptocurrencies will be stillborn. Trump's administration has cited national security concerns, but the real story is that no one trusts Zuckerberg any longer. Every time he gets caught violating users' privacy in some appalling new way, he off...Read More
Trade negotiations between the United States and China following a meeting between the countries' leaders on the sidelines of the Group of 20 (G20) summit in Japan at the end of last month have not progressed as well as investors had hoped. Instead, relations between the world's two largest economies remain frosty following a report that China will sanction US firms that sell weapons to Taiwan. In...Read More
* Hearing was due to start on Monday * Government blocking use of North Mara tailings dam fromSaturday * Acacia says majority owner Barrick has undervalued it * Barrick has no comment (Adds analyst comment in 5th paragraph, Barrick share price,updates Acacia share price in 11th paragraph)By Barbara Lewis and Yadarisa ShabongLONDON, July 17 (Reuters) - Acacia Mining said onWednesday it was seeking...Read More
A multi-year low in the cobalt metal price in China triggered the speculative buying witnessed over the week to July 12, which is likely to be followed by restocking activity in the spot market, Fastmarkets learned.Fastmarkets' assessment of the price for cobalt 99.8% Co min, ex-works China was at 210,000-230,000 yuan ($12.27-13.43 per lb, minus China VAT) per tonne on Friday July 12, down nearly...Read More