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MORNING VIEW: Continued fear in equities weighs on metals

March 13, 2020 / www.metalbulletin.com

The Dow Jones Industrial Average Index (DJIA) closed down by 5.9% on Wednesday, and in the pre-market this morning, Thursday March 12, the DJIA futures are down by around 4.4% - such is the continued fear in the market. Base metals on the London Metal Exchange and on the Shanghai Futures Exchange were down across the board by an average of 1% and 1.7% respectively, as of 7:50am London time. A...Read More

LIVE FUTURES REPORT 12/03: SHFE base metals prices drop as sentiment sours on pandemic declaration, US travel ban

March 13, 2020 / www.metalbulletin.com

Base metals prices on the Shanghai Futures Exchange were all down at the close of morning trading on Thursday March 12, with investors' appetite for risk dented by broad economic concerns after the World Health Organization (WHO) declared the novel coronavirus (2019-nCOV) outbreak a global pandemic.The declaration by WHO on Wednesday comes after the virus, which causes the disease Covid-19, has ra...Read More

CHINA INDIUM SNAPSHOT: Price rising amid coronavirus-led tight crude indium supply

March 13, 2020 / www.metalbulletin.com

Key data from the Wednesday June 12 pricing session in London.Key driversDomestic suppliers increased offer prices further in response to higher crude indium prices amid tight remaining availability.Many crude indium producers could not resume operations after the prolonged Chinese New Year holiday break (January 24-February 2) due...Read More

PRIVATE BLOG - The Panic in Everything

March 12, 2020 / www.armstrongeconomics.com

PRIVATE BLOG - The Panic in EverythingPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More

Spot cobalt hydroxide prices retreat amid slack buying interest

March 13, 2020 / www.metalbulletin.com

Cobalt hydroxide payables gave back some of their February gains this past week, with post-Lunar New Year restocking being replaced by more cautious buying while market participants expect the spread of the novel coronavirus (2019-nCov) to dent global economic growth, and with it, cobalt consumption.Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China was at 67-69% of the standar...Read More

AT A GLANCE: Schmolz + Bickenbach blames 2019 loss on 'strong decline'in demand

March 13, 2020 / www.metalbulletin.com

A summary of the fourth-quarter and full-year 2019 financial results for Switzerland-based special and stainless steel producer Schmolz + Bickenbach (S+B).In briefThe company reported that the challenge in all its markets was having a significant effect on its financial figures. It also cited an "unusually strong and prolonged decline in demand" for all its main products, which led to a significan...Read More

Chinese stainless-steel prices slump despite recovering domestic demand

March 13, 2020 / www.metalbulletin.com

Stainless steel prices in China have plunged over the past week on growing inventory levels, although market participants were optimistic that domestic demand showed signs of improvement."It's likely that Chinese prices are close to bottoming out because most companies have already resumed operations," a trader in northern China said.The lack of significant declines in raw material costs could als...Read More

Teck targets 33% carbon reduction by 2030

March 12, 2020 / www.northernminer.com

Teck Resources (TSX: TECK.B; NYSE: TECK) announced a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy and goals.This builds on a previously announced commitment to be carbon neutral across all operations and activities by 2050, Teck said.The move comes just weeks after Teck walked away from plans to build the $20.6 billion (US$15.7 billion) Frontier oil s...Read More

MINING.COM launches EV Battery Metals Index

March 12, 2020 / www.northernminer.com

Earlier this month, The Northern Miner's sister publication MINING.COM released its EV Battery Metals Index, which includes the first value measurement of metals used in batteries for the nascent electric vehicle industry. The full report is presented here.It is worth remembering that the first all-electric vehicle to use a lithium-ion battery - the Tesla roadster - only rolled off assembly lines...Read More

Foran tables PFS for McIlvenna Bay

March 12, 2020 / www.northernminer.com

A pre-feasibility study (PFS) released by Foran Mining (TSXV: FOM) for its wholly owned McIlvenna Bay project in Saskatchewan envisions a 3,600 t/d underground mine with on-site processing and tailings storage and the shipping of copper and zinc concentrates to offsite smelters. With a 9-year mine life, average annual production of 89.2 million lb. zinc and 27.9 million lb. copper, and $261 millio...Read More

O3 Mining grows Bulldog at depth

March 12, 2020 / www.northernminer.com

O3 Mining (TSXV: OIII) has released the results of four holes completed at the Alpha property within its Central Cadillac group of holdings in Quebec. Of the four holes reported in the most recent release, three are from the Bulldog zone, which has now been traced over 500 vertical metres and over 100 metres to 200 metres along strike.Drill highlights from Bulldog include 33 metres of 1.9 grams go...Read More

Bad timing for metal supply resurgence

March 12, 2020 / www.mining-journal.com

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesMICROMINE STRENGTHENS DATA MANAGEMENT SOLUTION WITH Geobank 2020SPONSOREDmicromineCharts of equity price indices show precipitous declines over the past three weeks. In contrast, indust...Read More

Bazooka Fired: #Fed Unleashes $4 Trillion Repo Bailout, Expands "Not QE" To QE4

March 12, 2020 / www.zerohedge.com

These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak...Read full newsRead More

RT @N9Vassev: There's a global march toward #psychedelics for medicinal benefits is just getting started!

March 12, 2020 / finance.yahoo.com

Houston, Texas--(Newsfile Corp. - March 11, 2020) - There's a global march toward psychedelics for medicinal benefits.While research has been off limits for decades, that's quickly changing - and fast. In recent years, the US FDA granted Breakthrough Therapy designation for Compass Pathways'Read full newsRead More

#RioSilver $RYO.V #Silver #Gold #Mining #Exploration #ag #RYO #Peru #GerowLake #MomentumStocks

March 12, 2020 / momentumpr.com

Rio Silver Inc. has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of $264,400. Upon the completion of the first tranche of the financing, the company issued 5,288,000 units at a price of five cents per unit. Each unit consists of one common share and one transferable share purchaseRead full newsRead More

Rio Silver Announces Close of Private Placement

March 12, 2020 / bit.ly

Rio Silver Inc. is pleased to announce that it has closed the first tranche of its non-brokered private placement for gross proceeds of $264,400.Read full newsRead More

Maxtech Closes on $565,083 First Tranche of Financings

March 12, 2020 / bit.ly

Maxtech Ventures is pleased to announce it has closed the first tranche of its financings to begin its drill program on its Panama Lake Gold Project.Read full newsRead More

RT @proactive_UK: $GGP Greatland Gold CEO highlights 'some of the best results ever seen' at Havieron

March 12, 2020 / tinyurl.com

Tomorrow marks a year since Greatland Gold PLC (LON:GGP) signed an farm-in agreement with Newcrest Mining Ltd (ASX:NCM) for its Havieron project in Australia and CEO Gervaise Heddle says the progress that's been made has been 'amazing'.Read full newsRead More

Top-Ranked Stocks to Buy Right Now

March 13, 2020 / www.fool.ca

For investors looking to test their mettle in times of uncertainty, identifying the top-ranked stocks to buy is a worthy challenge. Despite rhetoric to the contrary, not every company is a buy-on-the-dip candidate. It is always best for investors to invest in high-quality stocks with strong fundamentals. These are the stocks that will protect your portfolio against further downside and give i...Read More

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