CloseGain/LossGold $1267.40-$2.10Silver$16.31+$0.01XAU80.89-0.43%HUI174.60-0.47%GDM609.68-0.32%JSE Gold1068.94-6.73USD94.82-0.27Euro116.12+0.29Yen91.12+0.39Oil$65.54-$0.1710-Year2.895%-0.041T-Bond143.9375+0.4375Dow2749.76-0.80%Nasdaq7712.95-0.88%S&P24461.70-0.63% The Metals: Gold dropped $8 to $1261.50 by a little after 8AM EST before it rallied back higher throughout mos...Read More
VANCOUVER, BRITISH COLUMBIA / June 21, 2018 / MGX Minerals Inc. ("MGX" or the "Company") (CSE: XMG / OTCQB: MGXMF / FSE: 1MG) is pleased to report that joint-venture partner Power Metals Corp. ("Power Metals") has commenced drilling in the Main Dyke area on the Henry Dome at the Case Lake lithium property ("Case Lake"). Power Metals expects to complete over 15,000 metres of drilling and will tes...Read More
Zinc prices on the London Metal Exchange fell more than 2% by the close of trading on Thursday June 21, while sister-metal lead struggled to find support amid intensified trade war uncertainties between China and the United States. Falling further from the $3,000 per tonne support level, zinc's three-month price reached a daily low of $2,912 per tonne during the afternoon."Zinc is under significan...Read More
Full Article: Is Gold In Trouble?By: Todd Bubba HorwitzIs Gold in trouble? The short answer is yes. Gold has been tumbling for the last couple of days as the markets starts to sell off. With the equities getting clobbered overnight the last three sessions, gold has not been the safety asset that many believe it is.The lack of volatility in equities is helping to keep the pressure on the metals....Read More
Unusually quiet trading activity in molybdic oxide and alloys markets has pressured down prices in Europe so far this week, with the prospect of further falls if emerging offer prices for oxide are accepted and while steelmakers appear reluctant to buy alloys in a weakening market, sources said. Metal Bulletin assessed European molybdic oxide prices at $11.10-11.20 per lb in-warehouse Rotterd...Read More
Finnish stainless steelmaker Outokumpu's alloy steel surcharges for July deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the sixth consecutive month, the company's website announced on Thursday June 21.The company's July alloy surcharge for 2mm grade-304 CR stainless steel sheet is ?,?1,647 ($1,907) per tonne, a sharp increase from its June surcharge of ?,?1,527 per t...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Thursday June 21.Nickel was the outperformer on the Shanghai Futures Exchange during Asian morning trading on Thursday, with robust demand and declining inventory levels outweighing the trade concerns which have been pressuring the rest of the complex recently.Check Metal Bulletin's live f...Read More
SHANGHAI, Jun 21 (SMM) – SHFE nickel outperformed its nonferrous counterparts on Thursday June 21 with a gain of 1.7%. Tin inched up 0.19% and aluminium nudged up 0.04%. Copper dipped 0.12%, zinc and lead lost 0.60% and 0.68%, respectively.The ferrous complex saw mixed trading. Coke jumped 1.3%, iron ore edged up 0.22% while hot-rolled coil dipped 0.18% and rebar los...Read More
SHANGHAI, Jun 21 (SMM) – China is likely to implement a three-year initiative to “make skies blue again”, Zhao Yingmin, vice-minister of the Ministry of Ecology and Environment (MEE) said at a state policy briefing on Wednesday June 20.The initiative aims to sharply lower levels of PM2.5 in three years, reduce the number of heavy-polluted days and improve air quality. K...Read More
Lynette says silver won't perform as well as gold in the reset and the GSR won't be coming down, but is that accurate? Here's some insight...Lynette Zang was just interviewed on Reluctant Preppers.She is generally well spoken and gets a whole lot of things right.Unfortunately, she gets a lot of things wrong too, especially when it comes to silver.First of all, she's always talking about gold being...Read More
Zinc prices on the London Metal Exchange fell more than 2% by the close of trading on Thursday June 21, while sister-metal lead struggled to find support amid intensified trade war uncertainties between China and the United States. Falling further from the $3,000 per tonne support level, zinc's three-month price reached a daily low of $2,912 per tonne during the afternoon."Zinc is under significan...Read More
Comex copper prices traded in negative territory on Thursday June 21 morning in the United States, with threats of an impending trade war between the US and China hanging over the market.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.70 cents or 0.3% to $3.0330 per lb. The contract is now on a six-day losing streak."Copper has started to consolid...Read More
Trading activity in the physical iron ore market was lackluster on Thursday June 21 with prices staying rangebound.Metal Bulletin 62% Fe Iron Ore Index: $64.88 per tonne cfr Qingdao, down $0.61 per tonneMetal Bulletin 58% Fe Premium Index: $53.58 per tonne cfr Qingdao, down $0.03 per tonneMetal Bulletin 65% Fe Iron Ore Index: $87.70 per tonne cfr Qingdao, down $0.60 per tonneMetal Bulletin 62% Fe...Read More
Seaborne pig iron has become relatively competitive versus ferrous scrap over the past year in most regions, and China is no exception. As the first chart below illustrates, the gap between the MBR's proxy for imported pig iron price in China and the Metal Bulletin's Chinese domestic heavy melt scrap price assessment had shrunk by late 2017. The premium averaged $17 per tonne this year to date, co...Read More
SHANGHAI, Jun 21 (SMM) – SHFE nickel outperformed its nonferrous counterparts on Thursday June 21 with a gain of 1.7%. Tin inched up 0.19% and aluminium nudged up 0.04%. Copper dipped 0.12%, zinc and lead lost 0.60% and 0.68%, respectively.The ferrous complex saw mixed trading. Coke jumped 1.3%, iron ore edged up 0.22% while hot-rolled coil dipped 0.18% and rebar los...Read More
The company, which changed its name last month from Canada Zinc Metals, now plans to move the project through feasibility, permitting and towards production.Read More
It comes after Mineral Resources yesterday said it would not make a counterproposal to the A4.2c per share offer lobbed by Hancock subsidiary Redstone Corporation on Monday.The board of Atlas this morning withdrew its recommendation of the MinRes one-for-571 scrip offer, first announced in April.Shortly after, MinRes formally terminated the scheme implementation deed.Atlas will have to pay MinRes...Read More
But it has had to pay up big, forcing the 2015 BHP spin-off to mount a defence against suggestions that emboldened by its building cash on hand position of US$2.8 billion, it is paying too much for Hermosa.Read More
SHANGHAI, Jun 21 (SMM) – China is likely to implement a three-year initiative to “make skies blue again”, Zhao Yingmin, vice-minister of the Ministry of Ecology and Environment (MEE) said at a state policy briefing on Wednesday June 20.The initiative aims to sharply lower levels of PM2.5 in three years, reduce the number of heavy-polluted days and improve air quality. K...Read More