China is likely to lift exports of battery chemicals such as lithium hydroxide this year as domestic producers expand output and try to profit from higher overseas prices amid rising global demand for electric vehicle batteries, the chief executive of lithium miner Pilbara Minerals said on Friday.The increasing exports from China, which is mainly considered a buying of battery materials because of...Read More
"DART would be NASA's first mission to demonstrate what's known as the kinetic impactor technique...to defend against a potential future asteroid impact,"Read full newsRead More
* Indian discounts shrink; dealers eye import duty announcement* China premiums at $9.50-$11.50 an ounce* Festival buying picks up in Singapore as wellDemand for physical gold in India improved slightly this week as local prices eased from their highest level in over five years, while buying gathered steam in China ahead of the Lunar New Year festival.Dealers in India were offering a discount of u...Read More
Early investors stand to reap the rewards as a new technology looks to change everything.One research firm - which recommended Google and Amazon before they became household names - has built a worldwide reputation of identifying profitable tech trends well before Wall Street and the talking heads on T.V.And just recently, they've uncovered a technology that's already being labeled "humanity's las...Read More
CGC shares are eyeing their highest close in monthsCanopy Growth Corp (NYSE:CGC) is trading up 6.1% this morning at $46.92, after Piper Jaffray again weighed in bullishly on the weed stock. The brokerage firm -- which earlier this month made public its positive view on the cannabis space -- boosted its price target on CGC shares to $60 from $40. In the note, analysts called out the company's appro...Read More
SBUX could test its early November record highs todayThe shares of Starbucks Corporation (NASDAQ:SBUX) are up 4.5% in electronic trading, after the coffee giant's blowout earnings report. Starbucks reported fiscal first-quarter adjusted earnings of 75 cents per share on $6.6 billion in revenue, both soundly exceeding analysts' expectations. Same-store sales also rose 4% year-over-year, more than...Read More
Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday.The contract at the mine, located in northeastern Cesar province, will generate at least $586 million in royalties, income and social project investment during its lifetime, the agency said in a statement on its website. The company has operated th...Read More
In his latest Discovery Watch interview, John Kaiser who runs Kaiser Research Online sees some encouraging signs from recent developments the Nevada Exploration (NGE) South Grass Valley Project. Meanwhile, hopes of a clear path towards finding a large world-class resource at the Westhaven Ventures (WHN) Shovelnose project suffered a setback this week, even as the main story of a high-grade discov...Read More
Barrick Gold Corp.'s new chief executive officer, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia."We're engaged with the government in a constructive way," he told reporters at a press conference in the Ivory Coast's economic capital, Abidjan. "We don't believe that threatening one's partner is a constructive way to go about solving problems."Mining co...Read More
There's a ton for traders to consider this morning on Wall StreetDow Jones Industrial Average (DJI) futures are trading above fair value this morning, as stocks try to end the busy four-day trading week on a positive note. Either way, it's setting up to be another action-packed day on Wall Street, with traders digesting renewed negotiations around the government shutdown, a leading Wall Street Jou...Read More
A tailings dam at a Brazilian iron ore operation owned by local mining giant Vale (NYSE:VALE) burst Friday, releasing a river of sludge that covered nearby buildings and forced the evacuation of hundreds of locals.By Saturday morning, 34 bodies had been recovered, and the death toll was expected to rise sharply as rescuers continued searching for hundreds that are still missing.Vale reported the d...Read More
Canadian junior Explorex Resources (CSE:EX) (OTC:EXPXF) has placed its plans to buy the Hautalampi cobalt, nickel and copper project in eastern Finland on the back burner because it won't be able to secure the required funding in advance.The Vancouver-based miner, which in November said it intended to acquire the Finish asset, was supposed to pay the project's owner, FinnCobalt, around $1.9 milli...Read More
Canadian junior Explorex Resources (CSE:EX) (OTC:EXPXF) has placed its plans to buy the Hautalampi cobalt, nickel and copper project in eastern Finland on the back burner because it won't be able to secure the required funding in advance.The Vancouver-based miner, which in November said it intended to acquire the Finish asset, was supposed to pay the project's owner, FinnCobalt, around $1.9 milli...Read More
The electrification of cars and surge in renewables is driving a copper rush.Read full newsRead More
The electrification of cars and surge in renewables is driving a copper rush.Read full newsRead More
(Updates with closing prices, aluminium technicals)By Eric OnstadLONDON, Jan 25 (Reuters) - Zinc prices hit their highest inthree months on Friday on worries that weak refined output inChina could send the global market into deficit.Lead also hit a three-month peak after inventories dwindled,while the wider industrial metals market was boosted by asliding dollar."The big question in zinc is s...Read More
"@PalisadeRadio @bulldogholmes @USFunds @MineLifeReport @AlexMiningGuy @GoldspotD @renegadestyle @GH0ST_0P Frank Holmes 2018 VRIC top picks scoreboard (overall return -36.44%) - https://t.co/WAPvIeaF8U"Read full newsRead More
"@PalisadeRadio @bulldogholmes @USFunds @MineLifeReport @AlexMiningGuy @GoldspotD @renegadestyle @GH0ST_0P Frank Holmes 2018 VRIC top picks scoreboard (overall return -36.44%) - https://t.co/WAPvIeaF8U"Read full newsRead More
Gold could revisit the high of $1,286 hit earlier this week, as the repeated bounce from sub-$1,280 may have weakened the bearish view put forward by the contracting triangle breakdown. Hourly chart As seen above, sellers are struggling for a convincing break below $1,280. Further, the 14-hour RSI is showing a diamond breakout. Put simply, the indicator is possibly hinting it an impending b...Read More
German auto maker giant Volkswagen has just upped its bet on electric vehicles (EVs) by overhauling its Salzitter plant to focus on production processes for battery cells for the new generation of cars, which the company plans to also start producing soon.The Wolfsburg-based company said it would invest 870 million euros (about $985 million) by 2020 to develop e-vehicle components, adding that i...Read More