The London Metal Exchange three-month copper price was trading down 4.7% during the morning session on Wednesday March 18, with a second day of inflows into LME-approved global warehouses continuing to heap pressure on prices. Some 15,000 tonnes of copper was put back into global sheds as of 9am this morning - 8,800 tonnes of which arrived into Rotterdam while the remaining 6,200 tonnes was s...Read More
Despite massive rescue packages announced by governments around the world, equity indices are still falling - as are most of the base metals - this morning, Wednesday March 18.But we are starting to production halts emerge in the metals, so both the demand and supply sides of the supply/demand equation are now likely to be reined in. Although with economic activity in Europe slowing, demand is lik...Read More
Transport disruptions and dampened demand due to the novel coronavirus (2019-nCoV) pandemic kept aluminium premiums steady throughout the world over the past week, while the contango in the three-month/cash price spread on the London Metal Exchange encouraged market participants to hold on to metal.Illiquidity persisted amid lockdowns across Europe keeping premiums unchangedAsian markets waiting f...Read More
Cobalt sulfate prices fell below 50,000 yuan ($7,131) per tonne on Wednesday March 18, with the rapid spread of the novel coronavirus (2019-nCoV) outside China exacerbating concerns over slower growth in global electric vehicle (EV) production. Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis exw China, dropped to 47,000-49,000 yuan per tonne on Wednesday March 18, down 5.8% from 50...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 18.Key drivers Firm production at ferro-titanium plants supports alloy and titanium scrap prices against similar demand in end-user markets. Titanium scrap prices steady against strong alloy production. Market sources expect little change near term ahead of a...Read More
The feasibility study for an expansion of the currently idled First Cobalt cobalt refinery in Canada continues despite the novel coronavirus (2019-nCoV) outbreak, with a restart in the fourth quarter under consideration.The company is contemplating an initial recommissioning of the refinery in partnership with commodities miner and marketer Glencore before expanding production as early as the seco...Read More
Auryn Resources Inc, which is developing the Sombrero copper-gold project in southern Peru, has halted work after recalling all personnel from the field due to the novel coronavirus (2019-nCoV) pandemic, the company said. The decision was made prior to the Peruvian government mandating a temporary two-week border lockdown, with all work at public institutions also suspended for 15 days. "Such disr...Read More
Lost amid concerns about the COVID-19 coronavirus outbreak that has dominated headlines for weeks was news that the China National Space Administration (CNSA) has achieved a milestone in lunar exploration, one that could have great potential for prospecting and, eventually, mining on the Moon.CNSA's Lunar Exploration Program, also known as the Chang'e project (after the Chinese Moon goddess of the...Read More
First Cobalt (TSXV: FCC) has announced that the feasibility study on an expansion of its Ontario refinery will be complete in the coming weeks. It is also in discussions with potential automotive off-take partners looking for a North American source of refined cobalt sulphate.The company is also completing a prefeasibility study on a restart of the refinery."We are in the final stages of a feasibi...Read More
Drilling at BTU Metals' (TSXV: BTU) 197-sq.-km Dixie Halo project in Ontario's Red Lake district returned continuous volcanogenic massive sulphide-style mineralization over 300 metres, starting at surface, with metal grades increasing with depth.Hole 19-25 includes a 173-metre interval grading 0.35% copper-equivalent, starting at 182 metres down-hole. Within this interval are higher-grade section...Read More
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions.Copper trading in New York fell by as much as 8.8% to US$2.11 per lb. (US$4,650 a tonne), the weakest level since October 2016. The copper price is now down more than 25% from its 2020 high, near the end of Jan...Read More
". @MineralsTriton is aiming to be the next ASX-listed graphite producer, ideally positioned for forecast growth in the expandable and battery markets, with its world-class assets in Mozambique.want to meet them? Join us #MJSydney https://t.co/kQlZavcepV"Read full newsRead More
The Italian 10Y, which was trading below 1% as recently as one month ago, exploded as high as 2.99% this morning, before easing some of the rout following media reports that the ECB is intervening via the Bank of Italy.Read full newsRead More
The Company Provides a Statement Regarding COVID-19 (Coronavirus)Read full newsRead More
John Hopkins center for psychedelic research dedicated to discovering potential of mushrooms in support of overall health Global functional-food market forecast to reach $34.3 billion by 2024; both reishi, cordyceps consumption expected to be in high demand Distribution strategy involves e-commerce, social-media influencer marketing, product formulation and R&D agreement with Drip Coffee Social Ch...Read More
MONTREAL, March 17, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ('Monarch' or the 'Corporation') (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is ...Read full newsRead More
MONTREAL, March 17, 2020 /CNW Telbec/ - MONARCH GOLD CORPORATION ('Monarch' or the 'Corporation') (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is ...Read full newsRead More
"Gold Rush Days: The 126th Annual Celebration Of Mining, Americana And The Wild West Comes to Colorado https://t.co/oeIXeUfWmS"Read full newsRead More
"@BruceHaldenby @KennedyFinance @TFMetals @GlobalProTrader The way to interpret is they bought at 18 a couple of weeks ago and have inventory."Read full newsRead More
Prime Minister Justin Trudeau has announced that the Canada-U.S. border will close to all non-essential travel, and that the federal government is prepared to spend $27 billion on direct financial help and $55 billion for mostly tax deferrals in response to the COVID-19 crisis.Read full newsRead More