I can't possibly underscore how horrible this summer has been for me as a cannabis investor. It doesn't get much worse than this...I feel like Indiana Jones in the Temple of Doom, when the walls start closing in...It's one thing to try and catch a falling knife - it's a far different scenario when you are trying to catch an entire room of falling daggers. In all of my years of covering cannabis, I...Read More
Oct 15, 2019 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming E.B. Tucker, director of Metalla Royalty & Streaming, doubled down on his bet earlier this year that gold would eventually rise to $1,500, an now he's betting that silver will hit $20 in the next two months. "Right now, we want to trade silver up to $20. We think gold is going to stabilize at $1,500 and we see silver mo...Read More
Weekly Reports |Oct 15 2019The global uranium market will have to wait at least another 30 days before Trump's Working Group delivers the report the market has been hanging out for.-Climate change in focus-Working Group report delayed-Spot market falls quietBy Greg Peel"Finding the right approach to long-term, economic, and reliable electricity supply is the central challenge to the decarboniz...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 15.Please click...Read More
Nickel rallied on the London Metal Exchange on Tuesday, with the market seeing the continued decline in exchange stocks as price-supportive, although it failed to close above resistance at $17,000.The three-month nickel price rose 2.6% to close at $16,995 per tonne on Tuesday October 15 from the previous day's closing price of $16,550 per tonne. Still, it t closed below the psychologically signifi...Read More
Supervisors at Antofagasta's Los Pelambres copper mine in Chile will not take industrial action after signing an agreement to increase salaries, the company said on Tuesday October 15.Supervisors voted unanimously last week to strike at Los Pelambres, which produced 357,800 tonnes of copper in...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday October 15 that are worth another look.China's sustained presence as a buyer in Southeast Asia's spot billet market has been boosting prices in the region, sources told Fastmarkets.An oversupply of manganese ore weighed on seaborne manganese ore prices cif China, causing some producers to make multiple lower offers to attra...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 15, 2019 For silver, all roads probably lead to the $22-$25 area.For gold, all roads likely lead to $1600-$1800.There could be significant bumps in these roads, probably involving time more than price. Please click here now. Double-click to enlarge this silver chart. Silver looks stron...Read More
China had appeared less enthused than the US about progress towards a phase one trade deal, time for Brexit negotiations is running out before an EU summit on Thursday and attention turns towards earnings season."With the abovementioned backdrop of scepticism setting in on US-China trade, Asia markets may find more lacklustre movements going into Tuesday," IG market analyst Jingyi Pan said this mo...Read More
Supervisors at Antofagasta's Los Pelambres copper mine in Chile will not take industrial action after signing an agreement to increase salaries, the company said on Tuesday October 15.Supervisors voted unanimously last week to strike at Los Pelambres, which produced 357,800 tonnes of copper in...Read More
Mincor Resources' David Southam told the Paydirt Australian Nickel Conference planned development of the Cassini underground mine next year could "showcase" the use of electric light vehicles and possibly other EVs if its exploration continued to expand resources and project life.Mincor wants to make Cassini the centrepiece of a three-part plan to mine up to 600,000 tonnes a year of ore to supply...Read More
An oversupply of manganese ore weighed on seaborne manganese ore prices cif China, causing some producers to make multiple lower offers to attract business in the week ended Friday October 11. Sharp fall in ore prices dampens buying appetite China portside ore prices continue to drop Alloy prices in China fall on muted buying Indian alloy market slides, but floor appears E...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that on October 4, 2019, Alaska Governor Michael J. Dunleavy submitted a letter to the President of the United States requesting that the Company's Graphite Creek Project and associated advanced materials processing facility (the "Project") be designated a high-priority infrastructure pro...Read More
China's ferro-silicon market has been stable since participants returned from a week-long national holiday in the country on October 1-7, with prices hemmed between tighter supply amid production cuts and weaker demand.In Europe, prices increased for the first time since the start of August amid supply worries after a recent announcement of cuts to domestic production combined with low trader stoc...Read More
The company also said initial production would be delayed from the previous guidance of late 2020.Read More
Turkish steelmakers have paused their deep-sea scrap purchases following the news that the United States government will double its Section 232 tariffs on the country, sources said on Tuesday October 15.Late on Monday October 14, US President Donald Trump said he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria."The steel...Read More
Steelmakers in Germany have settled their monthly scrap contracts for October with an average month-on-month fall of ?,?30 ($33) per tonne, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap) domestic, delivered mill Germany, was ?,?225-235 ($215-226) per tonne in the middle of October, down by ?,?30 per tonne from ?,?225-235 per t...Read More
Fastmarkets will continue to publish five precious metals prices following an extended consultation period.Fastmarkets has decided to continue publishing these precious metals prices following a review of responses received to a proposal to delist.We will continue to review these prices on an ongoing basis. The prices are as follows:Platinum min 99.9% Europe Free Market $ per troy oz in warehouseP...Read More
With little apparent progress made at last week's United States-China trade talks and with economic data still generally pointing to weakness, as seen by China's import and export data at the start of the week, the overall theme across markets seems to be one of more waiting. Nickel sold off after a large late-in-the-day sell order on Monday caught the market off guard, leading to stops being trig...Read More
MineHub Technologies has launched its blockchain technology platform, with the goal of improving efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.The platform is now live and available to industry participants, with initial usage and transactions with consortium members expected to begin within the next few weeks.Th...Read More