The three-month copper price on the London Metal Exchange was lower during morning trading on Thursday March 19, with selling pressure and high turnover prompting a further 1% decline, while a fresh inflow of some 46,475 tonnes of aluminium saw the light metal top the losses over the morning. Copper's outright price on the LME was recently seen at $4,687.50 per tonne, up from a morning low of $4,3...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 72 points in pre-opening trade. The New York Stock Exchange announced a move to start fully electronic trading on Monday. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for the March Philly Fed Index was 10.0 versus 36.7 in February. Actual was -12.7. Consensus for...Read More
The London Metal Exchange has approved Minara cobalt briquettes produced at Glencore's Murrin Murrin nickel-cobalt operations in Australia for delivery against the exchange's physically settled cobalt contract.Murrin Murrin produces about 3,000 tonnes per year of cobalt briquettes. The LME suspended brand-listing fees for new cobalt brands in March last...Read More
While risk-off dominates and even though governments are prepared to throw money at the financial system and into economies and households, the likelihood is that more factories will close, household spending will fall, as will demand for raw materials, but there may be some dead cat bounces along the way.Partial and full lockdowns will hopefully mean the novel coronavirus (2019-nCoV) is brought u...Read More
The plummeting of share prices among companies in the battery supply chain due to the 2019-nCoV coronavirus pandemic is reversing the gains achieved after China's announcement of its policy on electric-vehicle subsidies, indicating weak sentiment toward the market.Lithium and cobalt commodity prices have largely been resilient to volatility since the outbreak of the coronavirus pandemic.Benchmark...Read More
The board of the Minor Metals Trade Association (MMTA) and the directors of Metal Events Ltd have postponed the annual conference scheduled for April in Charleston, in the US state of South Carolina, due to concerns over the spread of the 2019-nCoV coronavirus, the trade group said on Thursday March 19.The three-day convention will now be held April 14-16, 2021, in Charleston. The original dates w...Read More
The fall in cobalt hydroxide payables has accelerated over the past week on increasing concerns about a slowdown in the global economy and electric vehicle (EV) production due to the global spread of the novel coronavirus (2019-nCoV). Fastmarkets' cobalt hydroxide payable indicator fell to 65-68% against the standard-grade cobalt price (low-end) on Wednesday March 18, down 2.2% from 67-69% on...Read More
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The European Commission is to set provisional anti-dumping duties on hot-rolled stainless steel imports from Indonesia, China and Taiwan on April 12.The provisional duties relate to an investigation started on August 12, 2019, following a complaint lodged two months earlier by the European Steel Association Eurofer.The investigation applies to "flat-rolled products of stainless...Read More
ELKO, Nevada, March 19, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) ("U.S. Gold," or the "Company") today announced a 1-for-10 reverse split of its common stock, effective as of 5:00 pm Eastern Time, March 19, 2020. Beginning on March 20, 2020, the Company's common stock will trade on the NASDAQ Capital Market on a split adjusted basis.At the Company's 2019 annual meeting of stockholder...Read More
China's domestic stainless steel prices and export prices for stainless steel cold-rolled coil fell over the past week due to weakened demand, while a decline in the cost of nickel also put prices under pressure. The London Metal Exchange three-month daily official nickel price was $11,505-11,510 per tonne on Wednesday March 18, down by $975 per tonne or 7.8% from $12,480-12,485 per tonne a week e...Read More
Nouveau Monde Graphite (TSXV: NOU) has released updated resources for the West Zone deposit at its Matawinie graphite project, 150 km north of Montreal.Updated measured and indicated resources increased by 25%, to 120.3 million tonnes grading 4.26% carbon graphite for a total of 5.1 million tonnes contained graphite. Additional inferred resources are at 4.5 million tonnes at 4.43% carbon graphite...Read More
As its Pumpkin Hollow underground mine ramps up to commercial production, Nevada Copper (TSX: NCU) has entered into non-binding arrangements for a balance sheet strengthening package. The company is working to reach binding agreements in the next two weeks."This proposed financing package is expected to provide significant balance sheet strength and positions our business to weather this period...Read More
Tanzanian Gold (TSX: TNX; NYSE:TRX) has updated the resource estimate for its Buckreef gold project, about 110 km southwest of the city of Mwanza in north-central Tanzania.The Buckreef shear zone now contains 40.99 million tonnes grading 1.73 grams gold per tonne for 2.27 million oz. contained gold, up from a 2018 estimate of 21.99 million tonnes grading 1.54 grams gold per tonne for 1.09 million...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) evacuated all of its employees from its Kennecott copper mine near Salt Lake City, Utah, after a 5.7 magnitude earthquake hit near the town of Magna.All of its employees have been safely accounted for and removed from potential risk areas, the company said.Rio Tinto reported limited damage to the operation or risk to the surrounding community, and has temporarily ha...Read More
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 2020SPONSOREDmicromineWell this is certainly getting interesting.Read More
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 2020SPONSOREDmicromineThe equity market has been undiscriminating in dishing out losses over the past two months.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
"NexTech AR (@NexTech_AR) (#OTCQB: $NEXCF | #CSE: $NTAR) To Acquire Work-At-Home Remote #Virtual Events #Webcasting Software Company [https://t.co/8uYWZa0aEf]#investing #stocks #stockmarket #trading #investors #news #investing #business #investments #tech #technology #VR #AI"Read full newsRead More