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
When I stepped off the plane in Calgary nearly a decade ago on my first junket to the Alberta oil sands, I had a good sense of what was in store for me.I had found myself over 2,300 miles from Baltimore for the first leg of this trip, and I knew the drive ahead all too well.Once we jumped on Route 63 and headed north, there were still nearly 500 more miles to cover before I could glimpse those oil...Read More
Standard Lithium Ltd. (TSXV: SLL, OTCQX: STLHF, FRA: S5L) is a specialty chemical company, focused on unlocking the value of existing, large-scale, US-based, lithium-brine resources. The Company's flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction, from over 150,000 acres of permitted brine operations,...Read More
The Wednesday Market Minute Global stocks edge lower in cautious trade as investors eye the U.S. earnings season while digesting the impact of stronger-than-expected retail sales data on Fed rate betsPresident Donald Trump's remarks on China tariffs, as well as a WTO ruling on subsidies for state-owned enterprises, puts investors on edge as trade talks appear to have stalled yet again.Bank of Am...Read More
Domestic prices for hot-rolled coil (HRC) have decreased over the past week in the south of Europe due to slow trading, market sources told Fastmarkets on Wednesday July 17.Prices in the north of the EU have been largely stable, however, although the market was reported to be slow.Despite weak market activity, steelmakers were reported to be considering price rises for September-rolling coil produ...Read More