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
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
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
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
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
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
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
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
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 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
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
Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More
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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
Is Highland Gold Mining Limited (LON:HGM) a good dividend stock? How can we tell? Dividend paying companies with...Read full newsRead More
(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
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
The London Metal Exchange has launched a consultation process on warehousing reforms that aims to attract higher stock levels, Matthew Chamberlain, LME chief executive, announced on Thursday July 25. The consultation began on Thursday and is open until September 2019. It includes changes to evergreen rent deals and the controversial queue-based rent capping (QBRC) rule as well as the introduction...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average finished down Thursday as investors retreated from disappointing earnings reports. 3M (MMM - Get Report) climbed after posting stronger-than-expected second quarter and affirming its full-year profit guidance. Tesla (TSLA - Get Report) shares tumbled after the company reported a much-wider-than...Read More
Nickel's three-month price on the London Metal Exchange was lower during morning trading on Thursday July 25, selling off by some 3.8% across European trading hours against weak economic data from the region. The metal's three-month price fell to an intra-morning low of $13,995 per tonne in this morning's session, down by just under 4% from Wednesday's closing price of $14,550 per tonne. The...Read More