Earlier this year, Crown Mining (TSXV: CWM) bought 100% of the Moonlight-Superior property in northeastern California for $375,000 in cash and 2.75 million shares.The land package is best known for its Superior and Engels deposits, which produced over 161 million lb. copper as underground mining operations between 1915 and 1930.But the property, 200 km northeast of Sacramento and 145 km northwes...Read More
China's top copper smelters on Thursday raised their floor treatment and refining charges (TC/RCs) for the first quarter of 2019 by 2.2 percent, sources with knowledge of the matter said.At a meeting in Shanghai, the 10-member China Smelters Purchase Team (CSPT) set the TC floor for the first quarter at $92 per tonne and the RC floor at 9.2 cents per pound, up from $90 per tonne and 9 cents per po...Read More
Oil futures are trading lower this morning, tooFollowing yesterday's historic rally on Wall Street, futures on the Dow Jones Industrial Average (DJI) are trading well below fair value this morning. This premarket volatility follows a weak reading on Chinese industrial earnings, as well as a Reuters report that the Trump administration is preparing to ban U.S. companies from purchasing telecom equi...Read More
Visa stock is on track for its worst quarter since 2010The shares of Visa Inc (NYSE:V) are down 1.5% in electronic trading, after the company inked a $250.6 million deal to buy Earthport, a British payments firm that specializes in international transactions. This comes as Visa stock has languished during the broad market sell-off this quarter. V scored a record high of $151.56 back on Oct. 1, b...Read More
Continental Gold Inc.'s (TSX:CNL) latest sell-off is overdone, and the miner will soar once production commences at its Buritica project.Read full newsRead More
Chinese battery materials producer GEM has signed a memorandum with South Korea's Ecopro to supply the latter with 170,000 tonnes of nickel-rich nickel-cobalt-aluminium (NCA) precursor materials in the next five years, according to an announcement on Sunday December 23. Nickel-cobalt-manganese and NCA are the primary materials used to produce lithium-ion batteries for electric vehicles (EVs).Ecopr...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Base metals prices on the Shanghai Futures Exchange were on divergent paths during Asian morning trading on Wednesday December 26, with aluminum registering the largest gain on news of further capacity cuts in China.The most-traded February aluminium contract on the SHFE stood at 13,860 yuan ($2,011) per tonne as at 10.12am Shanghai time, up by 70 yuan per tonne from Tuesday's close.The increases...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Larry LaBordePosted Dec 26, 2018I have invested in palladium from time to time in the past.I just dabbled a bit here and there but the market now just seems crazy.In case you haven’t been watching lately palladium has exceeded the price of gold!Palladium (Pd)is a by-product of nickel, copper and zinc refining usually.It is mainly used for catalytic converters.It is sometimes alloyed with gol...Read More
Chinese battery materials producer GEM has signed a memorandum with South Korea's Ecopro to supply the latter with 170,000 tonnes of nickel-rich nickel-cobalt-aluminium (NCA) precursor materials in the next five years, according to an announcement on Sunday December 23. Nickel-cobalt-manganese and NCA are the primary materials used to produce lithium-ion batteries for electric vehicles (EVs).Ecopr...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Comex copper prices recovered during mid-week trading, with shallow trading temporarily benefiting the base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rose 3.75 cents to $2.6985 per lb.Markets are expected...Read More
Chinese battery materials producer GEM has signed a memorandum with South Korea's Ecopro to supply the latter with 170,000 tonnes of nickel-rich nickel-cobalt-aluminium (NCA) precursor materials in the next five years, according to an announcement on Sunday December 23. Nickel-cobalt-manganese and NCA are the primary materials used to produce lithium-ion batteries for electric vehicles (EVs).Ecopr...Read More
The electric vehicle (EV) industry has undergone rapid development this year, with a rise in global EV sales volumes prompting continuous growth in demand for China's spherical graphite. This demand, coupled with tightening supply in the country, has kept prices for the material well supported.Rising demand from EV sector pushes China's graphite exports upChinese exports of spherical graphite, inc...Read More
The past 12 months have served as a reality check for the battery raw materials markets.While 2017 was a year of soaring prices and investor interest, 2018 has seen supply responses, substitution debates, and at times, plummeting prices. It's not that the fundamentals aren't still strong. By 2025, Fastmarkets' forecast is for plug-in electric vehicle (EV) sales to grow at a compound annual growth...Read More
Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized (HDG) coil edged up during the week ended Wednesday December 26 following a two-week decline, with most mills no longer in a rush to secure overseas sales.Major mills in China generally lowered their asking prices for both products, but only accepted smaller discounts on their offers for confirmed bookings, in contrast to t...Read More
China's hot-rolled coil prices were little changed on Wednesday December 26 both domestically and in the export market amid sparse trading.DomesticEastern China (Shanghai): 3,720-3,750 yuan ($540-544) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,650-3,660 yuan per tonne, narrowing downward 10 yuan per tonneWhile prices in Shanghai were as high as 3,740-3,750 yuan per...Read More
China's ferrous futures stayed rangebound in morning trading on Wednesday December 26 amid a lingering holiday atmosphere.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($494) per tonne, up 5 yuan per tonne May hot rolled coil: 3,366 yuan per tonne, unchanged Dalian Commodity Exchange May iron ore: 490 yuan per tonne, up 1 yuan per tonne May coking coal: 1...Read More
China's rebar prices were unchanged on Wednesday December 26 both in the domestic and the export market, aslower billet charges offset higher futures prices. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($543-548) per tonne, unchangedNorthern China (Beijing): 3,610-3,650 yuan per tonne, unchangedTangshan billet prices decreased 40 yuan per tonne to 3,350 yuan per tonne on weak dem...Read More