The Australian Bureau of Statistics issued a report this week that shows that the country's mining sector set a new record for exports in 2018."Australia's resources exports - including minerals, metals and petroleum - generated $248 billion in revenue. This is the highest-ever annual export value and accounted for 72 per cent of Australia's goods exports," the Minerals Council of Australia said i...Read More
A hidden gem trading under a secret name could be the key to retirement riches.Picture theperfectstock for a moment.What would it look like?No doubt it would have hundreds of billions in revenue - more than tech giants like IBM, Facebook and Google.It would probably be a leader in cutting-edge technology like smartphones, robotics, e-commerce and medical equipment.It would have tens of thousands o...Read More
Petitioner Entitled to Award's Confirmation Except for Its Post-Judgment Interest RateRead full newsRead More
In his latest Discovery Watch interview, John Kaiser from Kaiser Research Online reviews new developments at the NioBay Metals (NBY) James Bay Niobium Project and assesses the proposed Sun Metals (SUNM) takeover of Lorraine Copper (LLC). He kicks off the interview looking at the negative and potentially positive implications of the Trump trade war on Midas Gold's (MAX) Stibnite Gold Project in Id...Read More
Hot Chili has executed a binding memorandum of understanding to acquire a landholding that adjoins two of its projects in Chile.Read full newsRead More
* Two binding bids in coal plants sale* One bid from Greece's GEK Terna, Czech Seven Energy, sources say* Second bid by Greek industrial group Mytilineos -sources* PPC seeks higher price, board to meet this week to decideGreece's Public Power Corp. (PPC) is seeking a higher price from two bidders for three coal-fired plants it is selling to boost competition in the energy market, a company source...Read More
Goldman Sachs Inc. (GS) executives are discussing making cuts to its commodities trading desk, once one of the investment bank's largest sources of revenue, according to a Wall Street Journal report Tuesday. Goldman will execute the cuts after a months-long review process that revealed the division burned through too much capital for too little profit. The cuts to the commodities des...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average was higher ahead of Donald Trump's State of the Union address Tuesday evening.Alphabet Inc. (GOOGL) beat fourth-quarter analysts' estimates for earnings and revenue but the stock rose 1.16% amid investor concern over rising costs in some of the company's growth businesses.Estee Lauder Cos....Read More
Copper's three-month price on the London Metal Exchange continued its uptrend at the close of trading on Tuesday February 5, with moderate volumes and a surge in the US dollar index doing little to curb the metal's upward price movement, while the rest of the complex broadly consolidated.Climbing above $6,200 per tonne for the first time since October 2018, the three-month copper price continued t...Read More
Fastmarkets has corrected its nickel sulfate min 21%, max: 22.5%; cobalt 10ppm max, China ex-works, yuan/tonne price, which was published incorrectly on February 1.The Fastmarkets MB nickel sulfate min 21%, max: 22.5%; cobalt 10ppm max, China ex-works, yuan/tonne price was published on February 1 instead of its scheduled publication date on February 5. This has now been corrected and the price has...Read More
Comex copper prices in the United States shrugged off earlier losses in morning trading on Tuesday February 5, with the base metals complex temporarily boosted by the lack of Chinese participation while the East Asian country begins its Lunar New Year holiday.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rebounded by 2.20 cents on February 5 to $2....Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 5.Please click...Read More
Trades of small volumes led to a small fall in manganese ore prices in the week ended Friday February 1, while most producers expect to return to the market after the Chinese New Year holiday (February 4-10). Low- and high-grade manganese ore prices in China tick down Low grade fob ore index stable due to freight rate fall Tight supply supports silico-manganese price in Europe H...Read More
The European bismuth price continued its uptrend in the latest pricing session, boosted by shipment delays that are affecting the delivery of material from China's Hunan Jinwang Bismuth, one of the biggest suppliers in the world. Fastmarkets assessed the European bismuth price at $3.70-4.20 per lb on Friday February 1, slightly higher than in the midweek assessment when the metal stood a...Read More
Oversupply continued to push European cobalt metal prices downward in January 2019, with buyers stepping back from the spot market amid a shared negative outlook.Meanwhile, the Chinese price for cobalt sulfate ticked upward because of stockpiling before the Lunar New Year holiday, February 4-10.Price movesThe cobalt benchmark price moved below $20 per lb in late January, with persistent selling pr...Read More
Turkish deep-sea scrap import prices went up on Tuesday February 5 following the sale of a higher priced cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a Baltic cargo comprising 25,500 tonnes of HMS 1&2 (80:20) scrap at $321.50 per tonne cfr and 7,500 tonnes of bonus at $331.50 per tonne cfr.This new cargo price is an increase when compared to the sale of a European carg...Read More
Comex copper prices in the United States shrugged off earlier losses in morning trading on Tuesday February 5, with the base metals complex temporarily boosted by the lack of Chinese participation while the East Asian country begins its Lunar New Year holiday.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rebounded by 2.20 cents on February 5 to $2....Read More
Oversupply continued to push European cobalt metal prices downward in January 2019, with buyers stepping back from the spot market amid a shared negative outlook.Meanwhile, the Chinese price for cobalt sulfate ticked upward because of stockpiling before the Lunar New Year holiday, February 4-10.Price movesThe cobalt benchmark price moved below $20 per lb in late January, with persistent selling pr...Read More
The Tuesday Market Minute Global stocks edge higher, taking the MSCI World index to a two-month high, as U.S economic data and corporate earnings offset concerns over China trade talks.Fed Chair Powell meets with President Donald Trump, statement stresses data dependence on rate moves.BP shares jump 4%, leading European energy stocks higher, after stronger-than-expected fourth quarter earnings a...Read More
Russian steelmaker Severstal is forming a joint venture with global tube & pipe producer Tenaris to build a oil country tubular goods (OCTG) plant in the Surgut area of West Siberia.The welded pipe plant will be "in close proximity to the main oil and gas companies," Severstal said on Tuesday February 5. The Russian steelmaker will have a 51% interest in the JV, while Tenaris will own the rem...Read More