Popular News

Tech Talk for Wednesday July 24th 2019

July 24, 2019 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. U.S. technology stocks moved lower after the Justice Department announced plans to complete an anti-trust review on major U.S. technology companies. Companies to be reviewed include Alphabet, Apple, Amazon and Facebook.Chipotle jumped $25.48 to $765.08 after announcing higher than consen...Read More

GLOBAL COPPER WRAP: US premium widens on scrap build-up; Shanghai, Rotterdam premiums unchanged

July 25, 2019 / www.metalbulletin.com

An accumulation of high-grade copper scrap in the United States, following China's recent embargo of the material, has led to a drop in the US copper cathode premium range for the first time in a month. Elsewhere, positive forward spreads on the London Metal Exchange and ample availability kept Shanghai and Rotterdam premiums steady. Scrap build-up causes US cathode premium to widen downward Shang...Read More

CHINA REBAR: Prices fall on expected supply rise for iron ore

July 25, 2019 / www.metalbulletin.com

China's rebar prices fell on Wednesday July 24 amid news that Vale was resuming operations at one of its iron ore complexes, which would raise supply of the steelmaking raw material. Domestic Eastern China (Shanghai): 3,920-3,960 yuan ($570-575) per tonne, down 40-50 yuan per tonneNorthern China (Beijing): 3,880-3,910 yuan per tonne, down 20 yuan per tonneVale, the world's biggest iron ore produce...Read More

LIVE FUTURES REPORT 24/07: LME base metals prices up on trade optimism; Cu holds above $6,000/t

July 25, 2019 / www.metalbulletin.com

Three-month prices across the increasingly macro-sensitive base metals complex on the London Metal Exchange were broadly up during morning trading on July 24 in anticipation of a trade meeting between the United States and China.But market skepticism on the finality of a trade agreement continues to pervade the market despite bullish assertions made by US president Donald Trump that China is looki...Read More

FASTMARKETS NON-FERROUS PRICE CHANGES 24/07: Minor metals

July 25, 2019 / www.metalbulletin.com

The following Fastmarkets minor metals prices changed on Wednesday July 24:Minor metalsCobalt standard grade, in-whs Rotterdam, $/lb: $12.35-12.70 per lb from $12.55-12.90Cobalt sulfate 20.5% Co basis, adjustment to...Read More

ThyssenKrupp to build new chromium coating line for packaging steel [UPDATED]

July 25, 2019 / www.metalbulletin.com

German steelmaker ThyssenKrupp approved investment funds to build a 230,000 tonne per year chromium coating line for packaging steel at its Rasselstein site in Andernach, western Germany, it said late in the week ending on July 19.The new coating line will be a replacement for the current line, following a change in European Union (EU) regulations, with production capacity remaining approximately...Read More

ANTOFAGASTA AT A GLANCE: higher copper production, lower cash costs in H1

July 25, 2019 / www.metalbulletin.com

A summary of Antofagasta's production results for the first half of 2019.IN BRIEF: First-half copper production of 387,300 tonnes was up 22.2% year on year because of higher throughput and grades at most operations, particularly at Centinela, where output rose by 36.8% to 141,900 tonnes. Production at the flagship mine Los Pelambres was up 13.4% year on year at 180,400 tonnes. First-half moly...Read More

MORNING VIEW: LME base metals prices consolidate, PMI data may provide direction

July 25, 2019 / www.metalbulletin.com

Hopes that a US-China trade deal may be moving a step closer have given equities and US bond yields a slight boost this morning, Wednesday July 24, but the metals have not followed.Further evidence of slowing growth with disappointing US data out on Tuesday, which bodes ill for today's flash manufacturing purchasing managers' index (PMI) data, are no doubt weighing on sentiment.The International M...Read More

PRICING NOTICE: Proposal to amend cif East Asia grade 304 stainless HRC, CRC assessments

July 25, 2019 / www.metalbulletin.com

Fastmarkets is proposing changes to the specifications of its price assessments for stainless steel cold-rolled coil, Asia grade 304 (2mm), cif East Asian port, $/tonne and stainless steel hot-rolled coil, Asia grade 304, cif port East Asia, $/tonne.The proposed amendments to the location and quality of product to be assessed are made in response to changing market conditions. This will enable Fas...Read More

PRIZE MINING PROPOSES CONTINUATION INTO BRITISH COLUMBIA, SHARE CONSOLIDATION AND NAME CHANGE

July 24, 2019 / prizemining.com

Vancouver, British Columbia (July 24, 2019) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that at its Annual General and Special Meeting scheduled to be held on August 22, 2019 (the "Meeting"), shareholders will be asked to consider a special resolution to approve the continuation of the Company into the jurisdiction of British Colum...Read More

Brokers surplus to requirements

July 24, 2019 / www.mining-journal.com

Lake Resources prepares to make a splash in lithium SPONSOREDlake resourcesStars aligning at Stellar for PolarXSPONSOREDpolarxMetro Mining promises low-cost bauxite for Chinese smeltersSPONSOREDmetro miningNamdini moves toward 300,000ozpa realitySPONSOREDcardinal resourcesRegular readers will be all too painfully aware I am a golfer, which sadly no longer comes with the caché it once did. T...Read More

Site visit: Fireweed Zinc consolidates Macmillan Pass in the Yukon

July 24, 2019 / www.northernminer.com

MACMILLAN PASS, YUKON - Fireweed Zinc (TSXV: FWZ) CEO Brandon Macdonald travelled to China three times last year, twice to Japan, and also talked with Korean smelters about the company's Macmillan Pass project in the Yukon - the largest undeveloped zinc and lead resource in the world held by a junior Canadian company."The reception we've had with the smelters has been very positive," Macdonald tel...Read More

Barrick sweetens Acacia buyout

July 24, 2019 / www.northernminer.com

Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest bullion miner, is counting the days until it takes full control of its African subsidiary, Acacia Mining (LON: ACA).By now, most of Acacia's shareholders have expressed the intention of approving the sweetened takeover bid the gold giant submitted on July 19. That day, Barrick upped its original proposal, put forward on May 22, offeri...Read More

Battery raw materials could face a supply crunch by the mid-2020s, say @WoodMackenzie #nickel

July 24, 2019 / www.forbes.com

The electrification of transport is transforming the demand and supply of battery raw materials. We expect to see double-digit growth for battery raw materials over the next decade. Our latest research suggests they could face a supply crunch by the mid-2020s.Read full newsRead More

Know This Before Buying Highland Gold Mining Limited (LON:HGM) For Its Dividend

July 24, 2019 / dlvr.it

Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More

Margaret Lake Diamonds Announces N.I. 43-101 Technical Report for Kiyuk Lake Gold Property

July 24, 2019 / bit.ly

Margaret Lake Diamonds Inc. (TSXV:DIA, FSE:M85) ("Margaret Lake" or the "Company") is pleased to announce it has filed a National Instrument 43-101 Technical Report (the "Report") for the Kiyuk Lake Gold Property ("Kiyuk Lake" or the "Property") located in the Kivalliq region of Nunavut, Canada with an effective date of June 24, 2019.Read full newsRead More

Know This Before Buying Highland Gold Mining Limited (LON:HGM) For Its Dividend

July 24, 2019 / dlvr.it

Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More

Ron Paul: Social Media Companies Are Big For Wrong Reasons - TheStreet

July 26, 2019 / www.thestreet.com

(Kitco News) -- Unlike Steven Mnuchin, the U.S. Secretary of the Treasury, former congressman Ron Paul isn't against Big Tech, but said it is mostly an issue "when bigness comes from benefits from government." "Yes, they're too big, but I don't think I approach it the same way [Mnuchin] does, because I think if a company is big because it produces a product and the people like it and they reward...Read More

LIVE FUTURES REPORT 25/07: LME nickel price continues downtrend; lead surpasses $2,100

July 26, 2019 / www.metalbulletin.com

The three-month price of nickel on the London Metal Exchange continued its descent at the close of trading on Thursday July 25, falling by some 3.4% to close just above the $14,000 per tonne threshold, while lead futures climbed by 1.5% to breach nearby resistance levels.Three-month nickel futures closed at $14,075 per tonne in the afternoon, tumbling from an intraday high of $14,545 per tonne des...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok