The US copper price built on previous momentum with optimism growing ahead of America and Chinese trade talks. The copper price for March settlement on the Comex division of the New York Mercantile Exchange jumped by 4.15 cents to $2.7665 per lb. Scheduled trade talks between the United States and China could be one reason for this, while US Federal Reserve policymakers are expected to hold intere...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday January 30 *Copper -$111.10 (-747.68 yuan) Aluminium -$354.98 (-2,388.97 yuan) Zinc -$89.45 (-601.97 yuan) Nickel -$494.85 (-3,330.23 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Nickel's three-month price on the London Metal Exchange continued its strong performance during morning trading on Wednesday January 30, moving past $12,300 per tonne for the first time since October 2018 amid a continued drawdown in LME supply. The metal's three-month price is up more than 15% from its 2018 low of $10,500 per tonne on December 31, while total LME inventory remains at its lowest l...Read More
Three-month base metals prices on the London Metal Exchange were for the most part still consolidating the gains seen at the end of last week, following weakness on Monday January 28, an up day on Tuesday, and now awaiting further direction.Three-month LME prices were up by an average of 0.2% on Wednesday morning, with the majority up between 0.1% and 0.3%, but with nickel up by 0.9% and aluminium...Read More
The following Fastmarkets minor metals prices changed on Wednesday January 30:Bismuth MB free market, $/lb: $3.70-4.10 per lb from $3.50-4.00Cobalt MB free market alloy grade, $/lb: $18.50-20.50 per...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 30:Aluminium ingotLM24 pressure diecasting ingot: ?1,415-1,465 per...Read More
The US copper premium remained at a multi-year high this week, with a significant stock cancelation at the LME's New Orleans warehouses failing to nudge it even higher; the Chinese cathode market was quiet before the Lunar New Year holiday and due to a negative import arbitrage. A total of 25,000 tonnes of copper was freshly canceled in New Orleans on Tuesday and Wednesday but US premiums were un...Read More
Prices for steel billet in Asia are likely to come under greater pressure in 2019 with demand for it as well as downstream long steel products expected to stay subdued amid an impending surge in new supply, sources told Fastmarkets MB."Regional demand is weak, so there is not enough room for everyone," a Vietnam-based trader said, referring to a string of new billet production capacity set to come...Read More
For the best editorial on Junior Mining visit - http://www.cambridgehouse.com/miningPeter Schiff (advisor to Gold MoneyInc.) and Roy Sebag (Men?") talk about different opportunities to invest in Gold.Join us at an upcoming event! http://www.cambridgehouse.comBe part of our investment community:http://www.cambridgehouse.com/https://twitter.com/cambridgehttps://www.facebook.com/cambridgehou...https:...Read More
Radio show linkhttp://tobtr.com/s/10976635https://www.gofundme.com/TheTrumpWallTo donate to Kevin's Corner just Download the cash apphttps://cash.meThen text donations to 513-200-2553Or use PayPalpaypal.me/kevinscornerhttps://xtremeteez.comTed Cruzhttps://youtu.be/6yNmyekIxH0Children bookMy children bookhttps://www.amazon.com/Ralphy-Woman-W...Email: For Speaking Engagements kevinellerbecorner1@g...Read More
This helped offset a decline in the retail investment and jewellery segments, according to the GFMS Gold Survey released on Wednesday.Read More
Solgold CEO, Nick MatherSolGold [SOLG-TSX, LSE] said Thursday it is planning to make an offer to acquire all the outstanding shares of Cornerstone Capital Resources Inc. [CGP-TSX, CTNXF-OTC, GWN-F].If the offer succeeds, holders of Cornerstone who tender their shares to the offer will receive 0.55 of a SolGold share in exchange for every Cornerstone share tendered, SolGold said.However, readers of...Read More
Diamond drilling on the Moosehead gold project in central Newfoundland. Source: Sokoman Iron Corp.Sokoman Iron Corp. [SIC-TSXV] emerged as the volume leader on the TSX Venture Exchange Thursday after the company released final assays from phase two drilling on the Moosehead Gold Project in north-central Newfoundland.However, investors reacted to those results by sending the shares down 38% or $0.0...Read More
Choco 10 MineRusoro Mining Ltd. [RML-TSXV] shares tumbled in heavy trading Wednesday following news of an unfavourable court decision related to a US$1.2 billion arbitration award that followed the expropriation of mining properties in Venezuela.Rusoro said the Paris Court of Appeals, in a decision dated January 29, 2019, has partially annulled the arbitral award issued in favour of the company in...Read More
Vale SA, the world’s largest iron ore miner, has vowed to sacrifice production for safety to avoid another tailings dam failure. (Image: Screenshot from BBC News video.)Analysts have begun to weigh the consequences of a deadly tailings dam breach at a Brazilian mine operated by Vale SA [VALE-NYSE], the world's largest producer of iron ore and nickel.The Brumadinho dam breach, which occurred...Read More
They say it'll generate $3.1 billion a year in sales.I think it'll be more.According to the comptroller of New York, cannabis sales in the Empire State will exceed $3 billion a year after the legalization of recreational cannabis.And if you haven't been paying attention, New York is on the cusp of legalization.During his inaugural address, Governor Andrew Cuomo pledged to legalize cannabis. He eve...Read More
Golden Rim Resources Limited (ASX: GMR), is an emerging West African gold developer, focused on its near term Kouri Gold Project, located in north-east Burkina Faso. The Kouri Gold Project contains 1.4Moz in defined Mineral Resources, with significant upside potential to grow. We learned from Craig Mackay, Managing Director of Golden Rim Resources, that they are in the process of acquiring more la...Read More
By: Stefan Gleason, Money MetalsDuring the lackluster and otherwise unremarkable trading of 2018, a hugely important development took place in the precious metals markets. Gold production, in the estimation of some top industry insiders, peaked.Peak gold represents the point at which the total number of ounces being pulled out of the ground by miners reaches a maximum.It doesn't necessarily mean...Read More
By: Gary ChristensonGold prices (weekly chart) formed an impressive inverse head and shoulders formation during a five-year base. Gold prices, which bottomed in December 2015, should climb the wall of worry.WHAT WALL OF WORRY?Really? You have to ask? Financial, stock market, debt and political worries come to mind:Global debt is about $250 trillion. The lenders expect to be repaid plus interest....Read More
By: Richard (Rick) Mills Gold markets were rocking on Tuesday, lifted by a basket of factors that included poor stock market performance earlier in the week, slow growth in China, weak earnings reports and expectations the US Federal Reserve would strike a dovish tone at its two-day meeting starting on Tuesday afternoon. The Fed raised interest rates four times in 2018 but some officials have...Read More