Recent News

The Wealth Secret Everyone Should Already Know

January 04, 2019 / www.schaeffersresearch.com

The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More

Canadian M&A seen rising after hitting 12-year high in 2018

January 04, 2019 / www.mining.com

Canadian merger-and-acquisition activity is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum, M&A advisers said.Deal volume jumped 15 percent to a 12-year high of $275.2 billion in 2018, from a year ago, according to figures from Refinitiv. Buyout firms dominated big-ticket deals in the financial services, real...Read More

House passes bill to end US government shutdown without border wall money

January 04, 2019 / www.cnbc.com

Passage of the spending packages will not move Congress closer to reopening nine unfunded federal departments for now. One bill passed by the House would fund eight closed U.S. departments through Sept. 30. The other would reopen the Department of Homeland Security through Feb. 8.Jacob Pramuk| @jacobpramukPublished 22 Hours AgoUpdated5 Hours AgoCNBC.com show chapters Democratic-led House passes...Read More

Metso offloads grinding media business to Moly-Cop

January 04, 2019 / www.mining.com

Finland-based Metso sold its grinding media business on Friday to Moly-Cop, a portfolio company belonging to private equity firm American Industrial Partners.The transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain. As a result, about 80 employees have transferred from Metso to Moly-Cop. The turnover of the divested business in 2018 was ap...Read More

Metso offloads grinding media business to Moly-Cop

January 04, 2019 / www.mining.com

Finland-based Metso sold its grinding media business on Friday to Moly-Cop, a portfolio company belonging to private equity firm American Industrial Partners.The transaction includes the sale of Metso Spain Holding, S.L.U, including operations in Bilbao and Seville, Spain. As a result, about 80 employees have transferred from Metso to Moly-Cop. The turnover of the divested business in 2018 was ap...Read More

Australian company wants to expand South Carolina gold mine

January 04, 2019 / dlvr.it

An Australian mining company wants to expand its mine in South Carolina because they have found more gold.Read full newsRead More

@CROP_cse "The project is advancing on schedule and on budget with great thanks to the construction teams who cont...

January 04, 2019 / twitter.com

"@CROP_cse"The project is advancing on schedule and on budget with great thanks to the construction teams who continued working right up until December 24th and are now back on site to ensure success of the farm in 2019."Farm Update https://t.co/GXdF4fstWm$CROP #momentumstocks"Read full newsRead More

LIVE FUTURES REPORT 03/01: LME copper price down 1.8% in mixed trading; aluminium climbs 2%

January 04, 2019 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday January 3, with copper futures sinking to their lowest level since June 2017, while tin's three-month price climbed to a four-month high. Topping complex volumes, with 23,800 lots changing hands, copper's three-month price closed below $5,800 per tonne for the first time since August 2018 and was th...Read More

Copper conc TC/RCs dip at year-end; Chinese smelters return to spot market

January 04, 2019 / www.metalbulletin.com

Treatment and refining charges (TC/RCs) for spot copper concentrates dropped at the end of December, with smelters returning to the market in earnest to pick-up tonnes after securing annual contracts.The Fastmarkets copper concentrate TC/RC index dropped to a three-and-a-half month low of $84.30 per tonne / 8.43 cents per lb on December 31.Spot terms have been inching down since the start of the m...Read More

PEOPLE MOVES: Anglo American Brasil's Ruben Fernandes to be head of base metals

January 04, 2019 / www.metalbulletin.com

Anglo American's base metals division will get its own executive to run operations as part of a change to its top management team, the company said on Thursday January 3. Base metals operations, which currently function under the strategy and business division, will be separated on March 1 and run by Ruben Fernandes, the current chief executive officer of Anglo American Brasil. The miner has also...Read More

Fastmarkets moves from 2018 to 2019

January 04, 2019 / www.metalbulletin.com

Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More

Copper conc TC/RCs dip at year-end; Chinese smelters return to spot market

January 04, 2019 / www.metalbulletin.com

Treatment and refining charges (TC/RCs) for spot copper concentrates dropped at the end of December, with smelters returning to the market in earnest to pick-up tonnes after securing annual contracts.The Fastmarkets copper concentrate TC/RC index dropped to a three-and-a-half month low of $84.30 per tonne / 8.43 cents per lb on December 31.Spot terms have been inching down since the start of the m...Read More

Zambian copper concs import duty takes effect despite threat to output

January 04, 2019 / www.metalbulletin.com

The Zambian government has decided to go ahead with the application of a new import duty on copper concentrates this month despite strong opposition from the country's copper producers.The producers told Fastmarkets on Thursday January 3 that they will be compelled to slash output and to lay off mine workers as a result of the new duty."No announcement has been officially issued by the government....Read More

Fastmarkets moves from 2018 to 2019

January 04, 2019 / www.metalbulletin.com

Fastmarkets worked to empower its customers in 2018 - a year when they had to navigate metal markets in which fundamentals were often tightening even as greater political restraints were placed on trade than for many years.Here's a quick review of the key developments, which also indicate our direction for 2019:We consulted in detail with the industry to meet its requirements for greater transpare...Read More

2018 REVIEW: Escalating cobalt production hits China sentiment, pushes arbitrage window open

January 04, 2019 / www.metalbulletin.com

Price variations between the cobalt markets in China and internationally reached all-time highs in 2018 when China reacted to rising volumes of cobalt supply from which the overseas metal markets were somewhat protected.At times, wide differentials created appealing theoretical arbitrage opportunities for Chinese exporters, but it was the sentiment and outlook of overseas buyers that ultimate...Read More

Ningxia Tianyuan still operating at reduced manganese flake capacity - sources

January 04, 2019 / www.metalbulletin.com

Ningxia Tianyuan, the world's largest manganese flake producer, is still not operating at its full 800,000 tonne per year capacity, sources told Fastmarkets MB. The company was expected to resume full production in December, following seven months of lower output. The company is currently operating at a reduced capacity of 1,600 tonnes per day, sources at the company said. Their full daily...Read More

DAILY SCRAP REPORT: Weak demand for finished steel combines with New Year lull to keep mills out of market

January 04, 2019 / www.metalbulletin.com

The Turkish scrap import market was silent on Thursday January 3, with the mills staying away from scrap purchases due to sluggish finished steel demand in Turkey. Most suppliers were still on leave due to the New Year holiday, sources said.The most recent cargo booked into the country took place last weekend from the Baltic Sea, at $283 per tonne cfr for HMS 1&2...Read More

LIVE FUTURES REPORT 03/01: Comex copper declines further

January 04, 2019 / www.metalbulletin.com

Comex copper suffered a third straight decline this morning in the United States to begin the New Year, with continued recession worries and equity market instability sinking the commodities complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange sank 3.15 cents to $2.5915 per lb. In macro news, concerns over global economic health have persiste...Read More

METALS MORNING VIEW 03/01: Metals prices consolidate, but face numerous headwinds

January 04, 2019 / www.metalbulletin.com

Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday January 3, with zinc, aluminium and lead up by between 0.4% and 0.7%, copper up by 0.1% at $5,880 per tonne, and nickel and tin lower by 0.8% and 0.2% respectively.Volume across the complex has been high with 11,375 lots traded as at 06.58am London time.Wednesday's trading saw three-month LME base metals...Read More

2018 REVIEW: Escalating cobalt production hits China sentiment, pushes arbitrage window open

January 04, 2019 / www.metalbulletin.com

Price variations between the cobalt markets in China and internationally reached all-time highs in 2018 when China reacted to rising volumes of cobalt supply from which the overseas metal markets were somewhat protected.At times, wide differentials created appealing theoretical arbitrage opportunities for Chinese exporters, but it was the sentiment and outlook of overseas buyers that ultimate...Read More

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