The federal government has announced plans to invest $72.3 million in clean technology for the Alberta oil and gas sector to address climate change and create jobs. Minister of Natural Resources Amarjeet Sohi made the announcement on March 14.The funds will go to oil sands producer Canadian Natural Resources and Titanium Corporation's Creating Value from Waste (CVW) technology.Canadian Natural wil...Read More
On March 14 the Mining Association of Canada released the latest edition of its annual Facts & Figures report that provides a comprehensive overview of the trends affecting Canada's mining sector. It contains the unwanted truth that this country's competitiveness continues to erode.Canada is losing its ability to seize new opportunities for growth and it is essential the federal and provincial gov...Read More
Toronto-based Metals Creek Resources is passing along the latest drill results from its Garrison gold project 35 km northwest of Kirkland Lake. The property has two distinct anomalies - the 1,000-metre long Southern anomaly that has historic drilling results and the 600-metre long Northern anomaly that has not been tested.Two holes last year targeted the Southern anomaly. The first hole had no sig...Read More
Haver & Boecker of St. Catharines, Ont., has appointed Jean-Francois Marchand as its sales representative for the province of Quebec. He has 20 years of sales experience including 10 years in heavy machinery.Michael McQuade is the new CEO of Algoma Steel in Sault Ste. Marie, Ont. Before becoming an Algoma director, he had 35 years' experience at Stelco.Toronto's Bold Ventures is mourning the loss...Read More
A lack of exploration and discovery near Hemlo has created an opportunity for one Canadian company with a deep connection to the region to make the next discovery and the regional connection between two possible gold systems. by Nicholas LePanThe winters in Northern Ontario pause most exploration programs, however for one company, the deep chill provides an opportunity to follow up on an i...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up slightly Thursday. Earlier in the session the blue-chip index had fallen on a report saying President Donald Trump was in no rush to complete a trade pact with China, but Trump and Treasury Secretary Steven Mnuchin said discussions with China were progressing quickly. Social media company Snap Inc. (...Read More
The prices for nickel and copper were the poorest performers in trading on the London Metal Exchange on Thursday March 14, Fastmarkets has heard.Weaker data on China's industry drove the LME three-month nickel price down by 2.2% to $13,185 per tonne at the close of trading."The January-February combined data on Chinese industrial production, retail sales and fixed asset investment failed to provid...Read More
BCS Global Markets, one of Russia's largest securities brokers, believes that Russian oligarch Roman Abramovich's newly-acquired shareholding in Russia's largest miner Nornickel may lose value.Abramovich's investment firm Crispian Investments acquired the 2.5% stake for $551 million on Wednesday March 13.But the oligarch's share may depreciate in value in line with expectations that nickel prices...Read More
Fastmarkets' alumina index fob Australia moved above $400 per tonne and to its highest since mid-December 2018 following increased buying demand in the market and continued tight supply. The daily fob Australia alumina index rose to $402.70 per tonne on Thursday March 14, up from $396.92 per tonne the previous day and 3.5% higher week on week. Key drivers Renewed bullish sentiment in th...Read More
An elevated level of corporate debt, along with the high level of U.S. government debt, is likely to mean that the U.S. economy is much more interest rate sensitive than it has been historically. - Robert Kaplan, President of the Dallas FedFed officials always understate risks embedded in the system. Translated, the statement above implies the Fed is worried about the amount of debt accumulated in...Read More
Fastmarkets' alumina index fob Australia moved above $400 per tonne and to its highest since mid-December 2018 following increased buying demand in the market and continued tight supply. The daily fob Australia alumina index rose to $402.70 per tonne on Thursday March 14, up from $396.92 per tonne the previous day and 3.5% higher week on week. Key drivers Renewed bullish sentiment in th...Read More
Backers of Freepoint Commodities have given the merchant trader approval to make further long-term investments in copper assets, the firm's commodities strategist, David Wilson, said at the International Copper conference in Amsterdam on Wednesday March 13. "Internally I can see that there is more appetite for us to invest in copper assets as well as trading. There's definitely a change in sentime...Read More
Under the plan to double capacity to 400,000 tonnes per annum, the mine that produced a record 47,237 gold-equivalent ounces in 2018 would increase to an average 120,000oz Au-eq annually over 13Read More
South African state power utility Eskom has implemented load shedding for the first time this month amid lingering power constraints, sparking predictions of ferro-chrome price spikes if the situation deteriorates. Load shedding - controlled power outages - were last implemented in mid-February and were reported to have affected large industrial power users, including ferro-chrome smelters. After...Read More
Exchanges have an important role to play in the growing push for the use of Environmental, Social and Governance (ESG) criteria in investing, the chief executive officer of the London Metal Exchange said. Matthew Chamberlain said that the lack of a global regulatory body policing ESG criteria meant that sometimes it falls to exchanges and other market infrastructure players to step up and use thei...Read More
By: IRA EPSTEINGold at 18-DMA. Bearish momentum being lost. Gold price figuring out what to do next:Read More
Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish 'D' target at 323.72. This means that if and when the bounce from today's low sputters out and the stock relapses beneath 363.20, it could fall all the way to 323.72, or 14%, in search of traction. The secondary pivot at 343.46 would become our minimum downside objective at that...Read More
By: Stefan Gleason, In a once rare property crime now trending higher around the world, thieves are stealing precious metals from automobiles.These opportunistic criminals don't bother rummaging through glove compartments in the hope of finding stashed jewelry or gold coins. Instead, they go for the near certain score of exposed catalytic converters.A car's catalytic converter is attached to its...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
* Lawmakers vote to seek Brexit delay * Traders now preparing for third vote on deal next week* Sterling swings wildly in unpredictable week * Graphic: World FX rates in 2019* Graphic: Trade-weighted sterling since Brexit vote (Writes through after parliamentary votes, adds quotes)By Tommy Wilkes and Sujata RaoLONDON, March 14 (Reuters) - Sterling retreated on Thursdayas investors prepared for Pri...Read More