The PurLucid Treatment Solutions laboratory in Calgary, Alberta, MGX's partner. Source: MGX Minerals Inc.Oil companies could soon be powering the electric car industry. It's a scenario that looks possible now that Calgary company MGX Minerals Inc. [XMG-CSE; MGXMF-OTCQB; 1MG-FSE] has found a way to extract lithium from waste water produced by Alberta oil sands operations.This week, MGX said its NFL...Read More

Turkish scrap import prices recovered in the week ended Friday June 15 on steady demand from the country's steel mills. This was due to bullish sentiment in the markets arising from the United States' decision to impose its Section 232 import tariffs on material from the EU, Canada and Mexico.East Coast fob prices in the US were up due to the Turkish demand. Taiwan import prices rose similarly, wi...Read More

Goldcorp's Penasquito Mine in Zacatecas, Mexico. Source: Goldcorp Inc.Goldcorp Inc. [G-TSX; GG-NYSE] has warned that it will soon be forced to suspend production at its flagship Penasquito Mine in Mexico. This is because access to the mine has been blocked for 12 days by transporters and local residents.In a warning that was published in local newspaper, Goldcorp said it will soon be "inevitable t...Read More

Turkish scrap import prices edged up slightly on Friday June 15, when two deep-sea cargoes came to light that had been booked earlier.No new deals were heard on June 15 with Turkey celebrating the Eid Al-Fitr holiday to mark the end of the Islamic holy month of Ramadan, but two deep-sea cargoes had been heard late on Thursday after...Read More

Three-month base metals prices on the London Metal Exchange were for the most part lower on the morning of Friday June 15, led by a 0.6% fall in zinc prices to $3,161 per tonne.While nickel gained 0.3%, the rest are off between 0.1% and 0.2%. Copper prices were recently quoted at $7,153 per tonne.Volumes have been average with 5,356 lots traded as of 0707 London time. This follows a day of we...Read More

Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,314.42, down 14.54 points)Prometic Life Sciences Inc. (TSX:PLI). Biotechnology. Up two cents, or 3.28 per cent, to 63 cents on 30.3 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 24 cents, or 1.94 per cent, to $12.14 on 12.9 million shares.Bombardier Inc. (TSX:BBD.B). Aeros...Read More

With the advent and popularity of Bitcoin and cryptocurrency, more and more people are raising fundamental questions: What is money? And what type of money (centralized, decentralized, or other) is most beneficial for the individual and society at large?Since 2009, there has been a +300% increase in the Google search term "what is money." Meanwhile, there has been an even bigger increase in the se...Read More

China's domestic spot battery-grade lithium carbonate prices fell further in thin buying this week but lithium hydroxide prices held steady.Asian seaborne battery-grade lithium carbonate prices also edged down, reflecting the continued fall in Chinese prices.A further fall in battery-grade lithium carbonate prices in China weighs on seaborne cif China, Japan and Korea market pricesDownstream consu...Read More

Toronto, Ontario - June 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) McLaren Resources Inc. (CSE: MCL) (FSE: 3ML) ("McLaren" / the "Company") announces that it has recently completed a four-hole, 1,071 metre diamond drill program that was successful in intersecting gold mineralization on the TimGinn Gold Property which is situated adjacent to the Hollinger Mine operated by Goldcorp Inc....Read More

Vancouver, British Columbia - June 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) One World Lithium Inc. (CSE: OWLI) ("OWL" or the "Company") is pleased to announce that on June 14, 2018 the Company filed its audited annual financial statements and management's discussion and analysis ("MD&A") for the year ended December 31, 2017, along with its first fiscal quarter unaudited financial sta...Read More

Prices for imports of South Korea-origin hot rolled coil (HRC) into India have fallen by about $15 per tonne this week to $645-650 per tonne cfr Chennai port.This compared with a similar South Korean HRC shipment booked more than a month ago at $660-665 per tonne cfr Chennai port.The South Korean cargo, scheduled for shipment in July, was agreed by a Chennai-based end-user after importers in Mumba...Read More

China's domestic hot-rolled coil prices were largely flat on Friday June 15, with traders and buyers in wait-and-see mode before the country's upcoming three-day public holiday.DomesticEastern China (Shanghai): 4,310-4,320 yuan ($674-675) per tonne, narrowed by 10 yuan per tonne at both ends of the range.Northern China (Tianjin): 4,240-4,250 yuan per tonne, narrowed down by 10 yuan per t...Read More

China's ferrous futures were mixed in the morning trading session on Friday June 15, with coke futures up, HRC futures down, and those of rebar, iron ore and coking coal largely flat. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,877 yuan ($606) per tonne, down 2 yuan per tonne October hot-rolled coil: 3,954 yuan per tonne, down 13 yuan per tonne Dalian Commod...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Turkish scrap import prices recovered this week on steady demand from the country's steel mills. This was due to bullish sentiment in the markets arising from the United States' decision to impose its Section 232 import tariffs on material from the EU, Canada and Mexico.The US import pig iron market imp...Read More

 CloseGain/LossOn WeekGold $1280.50-$22.30-1.39%Silver$16.59-$0.60-1.01%XAU82.58-2.47%-0.42%HUI177.88-2.34%-0.53%GDM620.37-1.75%-0.52%JSE Gold1048.64-30.58-1.08%USD94.77-0.02+1.28%Euro116.09+0.28-1.37%Yen90.43+0.02-1.06%Oil$65.06-$1.83-1.03%10-Year2.925%-0.012-0.61%Bond144.53125+0.40625+0.43%Dow25090.48-0.34%-0.89%Nasdaq7746.38-0.19%+1.32%S&P2779.42-0.11%+0.01%  The Metals: ...Read More

By Ira EpsteinSilver holds key support but gold doesn't.https://www.iraepstein.com/ Read More

Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort192,75272,51248,368159,416300,003400,536420,883Change from Prior Reporting Period 7,431-1,393-2,344-4,6081,632479-2,105Traders18378794651265178 Small Speculators LongShortOpen Interest 48,15927,812448,695 -2,425159-1,946 non reportable positionsChange from the previous reporting...Read More

Gold weathered the Federal Reserve's 7th rate hike of this cycle this week. Gold-futures speculators and to a lesser extent gold investors have long feared Fed rate hikes, selling ahead of them. Higher rates are viewed as the nemesis of zero-yielding gold. But contrary to this popular belief, past Fed rate hikes have proven very bullish for gold. This latest hike once again leaves gold s...Read More

By Alasdair MacleodRegular readers of Goldmoney's Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms and slumps experienced since monetary policy has been used in an attempt to manage economic outcomes are the result of monetary policy itself. The link between interest rate suppression in the early stages of the credit c...Read More

HighlightsProfessor Laurence Kotlikoff, author of the FREE book: You're Hired! says gold and silver investors could emerge victorious. What could drive PMs prices higher? Our trading "partners" are already starting to make it clear that they don't need us.Tensions between the US and key nations continues to ratchet up on the heels of Group of Seven nations talks in Canada this past weekend. The...Read More