Lithium. Known as the new oil. The next generation of power. The price of lithium has shot up over 100% just this year alone. For explorers it's created a new type of gold rush trying to find a mineable deposit. But what is lithium and where does it really come from?Lithium is one of the lightest of all the metal elements known to man and it's being explored for the world over. Sith new lithium Io...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 4, 2020Are gold miners poised to begin a long period of outperformance against gold?I’ve argued that most gold stocks peaked against gold bullion in 2006.GDX $31 and GDXJ $46 are my “launchpad” numbers for a major new bull run, a run that could last for decades.Please...Read More
Worldwide silico-manganese output rose by 13% year-on-year to 18 million tonnes in 2019, driven by increased production in Asia, according to the International Manganese Institute (IMnI).The Asia and Oceania region produced 85% of the world's silico-manganese supply at 15 million tonnes, up by 17% year-on-year, while all other regions reduced their production, according to data in the institute's...Read More
Hebei Steel, China's second-largest steel mill, has set its price for silico-manganese for February delivery at 7,200 yuan ($1,027) per tonne, market participants told Fastmarkets on Tuesday February 4.This was up by 600 yuan per tonne from the mill's January tender price, they added.The price from Hebei Steel, which is for cargoes delivered to warehouse, includes value-added tax and should be pai...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report an intersection of strong radioactivity in the first drill hole of the winter program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).Hi...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ) announced today that the Company's wholly owned subsidiary, A2Z MS Military Solutions, Ltd., has been awarded a contract with an Israel-based, NASDAQ-listed defense technology company (the "Client").A2Z has been contracted by the Client to perform electrical safety checks as well as other service functions across the...Read More
Resolution is raising about A$4.5 million to fund the work at its 64North exploration project, with the new shares being priced at 5c each.Read More
Swiss miner-trader Glencore produced 46,300 tonnes of cobalt in 2019, up 10% from 42,200 tonnes in 2018, mainly due to the ramp up in operations at Katanga in the Democratic Republic of Congo. Cobalt production at Glencore's African copper assets, which includes Katanga and Mutanda, totaled 42,200 tonnes - contained in hydroxide - in 2019, up 10% from 38,400 tonnes a year earlier. The scale down a...Read More
Stewart Thomson 1. Are gold miners poised to begin a long period of outperformance against gold?2. I've argued that most gold stocks peaked against gold bullion in 2006. GDX $31 and GDXJ $46 are my "launchpad" numbers for a major new bull run, a run that could last for decades.3. Please click here now. Schroders fund manager James Luke believes the miners peaked in 2005.4...Read More
By: Ira EpsteinEnergy prices have taken a beating, other markets too. Gold breaking $1,567.90 would break the trend and stall the market..Read More
I used to identify "corona" with my favorite beer. But now "corona is a dreaded word globally due to virus. Nations and central banks are intervening, talking and doing all sorts of things to alleviate concerns of the negative impact on economy. Financial markets are now manipulated in every nation. Trend from Monday (10th February) will be the key to gold and silver price. Key US economic data...Read More
Frederic Sese has joined Kamoto Copper Company (KCC) as its commercial director. Sese was previously in the raw materials and buying team at ArcelorMittal, and later Aperam. He also...Read More
Participants in the Mexican ferrous scrap market have started to see the first price cuts due to uncertainty in global scrap prices, which led some steelmakers to reverse their earlier increases in bid prices.Some steelmakers have lowered their offers for ferrous scrap due to the global downturn, putting Mexican prices, which were previously believed to be at a peak, under pressure.The downtrend w...Read More
Turkish deep-sea scrap import prices fell sharply on Tuesday February 4, on news of fresh cargoes from the Baltic Sea and the United States.A steel mill in the Iskenderun region booked a Baltic Sea cargo, sources said, comprising 25,000 tonnes of HMS 1&2 (80:20) at $251 per tonne and 5,000 tonnes of bonus at $261 per tonne cfr. The cargo is scheduled to be shipped in March.Meanwhile, another...Read More
Haven asset gold should perform better in 2020 if you take a bearish position on the global economy, ED&F Man Capital Market's independent senior commodity consultant Edward Meir said after topping the 2019 Apex precious metals leaderboard with 97.73% accuracy. Fastmarkets published its Apex full-year 2019 competition results last week."My general feeling on gold is that putting numbers out r...Read More
A rebound is underway across a broad set of markets, with China's CSI 300 index up by 2.5% this morning, after China's central bank pumped money into the financial system and appears to be working to stabilize markets and calm fears.Most Asian equity indices are rebounding.Gold prices are retreating as they pull back from Friday's highs.US 10-year government bond yields are firmer too. Base metals...Read More
The British government has brought forward a ban on the sale of internal combustion engine cars in a move which will boost demand for battery materials, including lithium.UK Prime Minister Boris Johnson unveiled the new date at a launch event for a United Nations climate change gathering. The date of the ban has been moved to 2035 from 2040. The ban will now include hybrids, which have both a batt...Read More
Swiss miner-trader Glencore produced 46,300 tonnes of cobalt in 2019, up 10% from 42,200 tonnes in 2018, mainly due to the ramp up in operations at Katanga in the Democratic Republic of Congo. Cobalt production at Glencore's African copper assets, which includes Katanga and Mutanda, totaled 42,200 tonnes - contained in hydroxide - in 2019, up 10% from 38,400 tonnes a year earlier. The scale down a...Read More
Frederic Sese has joined Kamoto Copper Company (KCC) as its commercial director. Sese was previously in the raw materials and buying team at ArcelorMittal, and later Aperam. He also...Read More