New smelters and expansions at a suite of Chinese copper smelting companies will create fresh demand for concentrates from the third quarter of this year.Major smelters starting up in the coming months include Chalco's Ningde smelter and Lingbao Jincheng Metallurgical, while Tongling's Ausmelt project is due later this year.Having been beset by a series of delays, Chinese copper smelting expansion...Read More
The Kemess gold-copper project facilities 430 km north of Prince George, northern British Columbia. Source: Centerra Gold Inc.Centerra Gold Inc. [CG-TSX] said Thursday May 17 that its wholly-owned subsidiary AuRico Metals Inc. (AMI) has reached agreements with Triple Flag Mining Finance in connection with the sale of its royalty portfolio and a silver stream on the Kemess Project in northern Briti...Read More
The sharp rally in cobalt prices over the past two years has accelerated the adoption of cobalt scrap in the production of cobalt metal and salts, including cobalt sulfate, Chinese market participants told Metal Bulletin. The boom in cobalt scrap demand has come at a time when cobalt prices have almost doubled in a year due to a bullish outlook on electric vehicles (EVs) consumption. Cobalt is one...Read More
Gold Bar DrillingGold Canyon DrillingBackgroundThe Gold Bar and Gold Canyon properties are both former mines in the Gold Bar District in Eureka County, Nevada, an active mining area in the Roberts Mountains within the Battle Mountain-Eureka Trend. The district contains several Carlin-style sediment-hosted gold deposits including McEwen Mining Inc.’s (“McEwen”) Gold Bar project, w...Read More
SASKATOON - Fertilizer giant Nutrien Inc. says it has reached a deal to sell a partial stake in a Chilean lithium and nutrient producer to Tianqi Lithium Corp. for about $5.2 billion.The Saskatoon-based company says under terms of the agreement, it will sell all of its 62.6 million class A shares in Sociedad Quimica y Minera de Chile S.A. for $83.20 each, while retaining its 20.2 million cla...Read More
Uncompetitive policies and regulatory uncertainty are largely to blameCanada's investment climate for the energy sector can be described as unfavourable, at best. Clearly, investors have reached their breaking point with Canada's uncompetitive policies and regulatory uncertainty and are steering clear.The result is fewer Canadian jobs and lower economic growth.According to the most recent Statisti...Read More
I'm not going to lie...It was a huge pain in the ass just to make a few bucks.But it was the only way I could do it without taking part in a federal crime.It happened last year.August 26, 2017, to be exact.I remember the date well.It was around 10:00 a.m. when I transferred some digital currency to a sports betting site in the Caribbean in an effort to place a bet on the Mayweather/McGregor fight....Read More
CBLT Inc. (TSXV:CBLT) is a Canadian mineral exploration company and a project generator with a proven leadership team, targeting cobalt in reliable mining jurisdictions. We learned from Peter Clausi, President, CEO of CBLT, that the company was one of the first to move into cobalt space three years ago and were able to acquire cobalt properties fairly cheaply. According to Mr. Clausi, cobalt is an...Read More
Turkish deep-sea scrap import prices fell sharply on Thursday May 17 on news of a fresh European cargo being sold on the day.The country's steel producers were trying to get lower prices because of the weak demand in the domestic finished steel markets, sources said.A steel mill in the Iskenderun region booked the European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) and 10,000 tonnes of bon...Read More
May 17, 2018 (Investorideas.com Newswire) Jayant Bhandari, host of the "Capitalism and Morality" seminar, discusses with Maurice Jackson of Proven and Probable the state of mining in India, as well as some mining companies that offer arbitrage opportunities.Maurice Jackson: Joining us is Jayant Bhandari, the host of the highly acclaimed "Capitalism and Morality" seminar and a prominent, sought-out...Read More
May 17, 2018 (Investorideas.com Newswire) A gold producer acquires the remaining part of a gold exploration company, and drilling at its flagship mine indicates high-grade mineralization below the existing resource.Red Eagle Mining Corp. (R:TSX; RDEMF:OTCQX; R:BVL) recently announced it has acquired the remaining outstanding shares of Red Eagle Exploration Ltd. (formerly known as CB Gold Inc.). Pr...Read More
Chinese aluminium ingot ADC 12 export prices to main Japanese ports (MJP) hit a record high on Wednesday May 16, pushed up by a tight raw material market in China after the temporary one-month shutdown of the China Certification & Inspection Group's (CCIC) North American office, which stopped all scrap imports to China immediately.Metal Bulletin's price assessment for Chinese aluminium alloy ADC 1...Read More
One of the most disappointing things I face as a college professor is the lack of understanding most students have regarding capitalism. The simple fact is, despite its importance to our daily lives, relatively few people have a strong grasp of what causes economic growth and why markets are so central to continuously rising standards of living.In my teaching, I have encountered several myths or...Read More
Vancouver, British Columbia - May 17, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Pacific Empire Minerals Corp. (TSXV: PEMC) ("PEMC" or the "Company"), a hybrid prospect generator focused in British Columbia, reports that it has completed Reverse Circulation ("RC") drilling at the Red JV Property, staked four properties, commissioned an airborne magnetic survey on its recently acquired Moff...Read More
In Other Global Markets the "Turn-of-the-Month" Effect Generates Even Bigger Returns than in the USThe "turn-of-the-month" effect is one of the most fascinating stock market phenomena. It describes the fact that price gains primarily tend to occur around the turn of the month. By contrast, the rest of the time around the middle of the month is typically far less profitable for investors. Good vs....Read More
German steelmakers have settled their monthly scrap contracts for May at unchanged prices due to a balance in supply and demand, sources told Metal Bulletin.Metal Bulletin's monthly price assessment for domestic grade-E3 scrap in Germany for May was ?,?280-300 ($331-354) per tonne delivered, unchanged from last month."Demand for scrap [in Germany] is good, but also there is no...Read More
CloseGain/LossGold $1291.00+$0.60Silver$16.44+$0.07XAU81.84-0.12%HUI177.47-0.17%GDM620.47-0.22%JSE Gold1013.99-2.72USD93.48+0.08Euro117.96-0.08Yen90.44-0.39Oil$71.49UNCH10-Year3.110%+0.013T-Bond140.375-0.5625Dow24713.98-0.22%Nasdaq7382.47-0.21%S&P2720.13-0.09% The Metals: Gold saw slight gains in Asia before it dropped back to $1285.40 in London and then rebounded in New...Read More
James Grant of Grant's Interest Rate Observer fields questions concerning the current rally in the US dollar, Fed policy, the bond market and the future of gold prices.James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Cras...Read More
The CME Group's growing share of global trade in recent years has been driven by its increasingly global reach since its commercial push in base metals began in 2012, its global head of metals Young-Jin Chang told Metal Bulletin this week.In the first quarter, CME Group posted record trading volumes with average daily metals trading volumes up by 39% year on year and daily option volumes...Read More
By Daniel R. Amerman, CFACould a committee of unelected officials increase your household's share of the national debt by $60,000 in a single meeting? In normal times - they could not. However, these are not normal times, and any appearance of normality is deceptive. The committee in question is the Federal Open Market Committee (FOMC). They met in March of 2018, and as expected, they raised the...Read More