Toromocho copper mine, the only major greenfield project in Peru, will increase annual capacity by 45% in 2020, owner Aluminum Corp of China (Chinalco) said. The state-owned company plans to spend $1.3 billion on the ramp-up which will boost annual mining output to $2 billion worth of concentrate per year upon completion, Chinalco chairman Ge Hoglin said at a groundbreaking ceremony in the Peruvia...Read More

Noting that the price of gold to silver sits at a ten-year high of about 80-to-one, PI Financial's precious metals and mining analyst Chris Thompson picks three established mining stocks to benefit most from a 'devil's metal' price recovery. (He also picks a 'sleeper' for those eternal optimists bent on ferreting out ridiculously under-priced penny mining stocks.)In a precious metals mining sector...Read More

The European ferro-vanadium market surged earlier this week, amid a flurry of spot purchasing interest and renewed supply concerns.Spot prices for European ferro-vanadium increased to $69-71.20 per kg on June 6, delivered duty-paid in Europe, up 4.82% from $66.25-67.50 per kg on June 1, according to Metal Bulletin's mid-week assessment.Spot market buying interest picked up considerably this week f...Read More

Bob Moriarty ArchivesJun 7, 2018Silver Bull (SVB-T) has made a major change in direction and it seems to be paying off.I wrote about them in November when the price seemed stuck in molasses. SVB has a giant 43-101 resource in silver, lead and zinc. Mostly it is an oxide resource that the market doesn’t like due to the environmental issues. The price of silver hasn’t done much in this t...Read More

Battery cell maker Northvolt has received the environmental permit for what will be Europe's largest lithium-ion battery cell factory, with the initial phase of construction to begin on Friday June 8. The permit was issued for the first section of the factory, in Skellefte?? in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year. The full factory...Read More

And just like that, the VIX index crashes right back to where it was before the late-January 10% drop in the stock market - a reflection that the remaining stock market speculators and hedge fund bots have been completely cleansed of any fear impulse that hit daytrader keyboards in the first quarter of 2018:Hedge funds went from insanely short VIX futures to long VIX futures after the market h...Read More

Primary copper smelting capacities have been partly suspended in important regional hubs in China such as Jiangxi province, sources told Metal Bulletin on Thursday June 7.The action was the result of the country's environmental inspection teams being dispatched to 10 provinces to review the progress made in curbing pollution since the end of May.In Jiangxi, home to more than 600,000 tonnes per yea...Read More

The European ferro-vanadium market surged earlier this week, amid a flurry of spot purchasing interest and renewed supply concerns.Spot prices for European ferro-vanadium increased to $69-71.20 per kg on June 6, delivered duty-paid in Europe, up 4.82% from $66.25-67.50 per kg on June 1, according to Metal Bulletin's mid-week assessment.Spot market buying interest picked up considerably this week f...Read More

Toromocho copper mine, the only major greenfield project in Peru, will increase annual capacity by 45% in 2020, owner Aluminum Corp of China (Chinalco) said. The state-owned company plans to spend $1.3 billion on the ramp-up which will boost annual mining output to $2 billion worth of concentrate per year upon completion, Chinalco chairman Ge Hoglin said at a groundbreaking ceremony in the Peruvia...Read More

Assertions that cobalt could soon be eliminated altogether from electric vehicles (EVs) are simply wrong, according to the chief executive officer of First Cobalt. Trent Mell, who heads the North American pure play cobalt company, said that while the EV sector is moving toward an era of lower cobalt content per vehicle, this nonetheless has positive implications for cobalt producers. "It lowers th...Read More

Toromocho copper mine, the only major greenfield project in Peru, will increase annual capacity by 45% in 2020, owner Aluminum Corp of China (Chinalco) said. The state-owned company plans to spend $1.3 billion on the ramp-up which will boost annual mining output to $2 billion worth of concentrate per year upon completion, Chinalco chairman Ge Hoglin said at a groundbreaking ceremony in the Peruvia...Read More

The winner of this year's #DisruptMining 2018 contest - a yearly event sponsored by major miner Goldcorp to find new technologies to solve some of the most prominent challenges facing the often change-averse mining industry - has closed a C$1 million investment from the major.Henry Lazenby in Vancouver On site at Goldcorp's Red Lake complex07 JUNE 201807/06/2018commentsshareAs part of the deal...Read More

Turkish steel producers continued their deep-sea scrap purchases for July deliveries on Thursday June 7, with prices increasing slightly.A steel mill in Northern Turkey booked a US cargo, comprising 34,000 tonnes of HMS 1&2 (80:20) at $347 per tonne and 8,000 tonnes of shredded at $355 per tonne cfr.Another steel mill in the Izmir region booked a Baltic Sea cargo,...Read More

Visible gold in Hole OAX-17-168 at 197 m depth at Orenada Zone 4Alexandria Minerals Corp. [AZX-TSXV;ALDXF-OTC] said it is embarking on a new corporate direction that will feature non-dilutive financings, a re-focus on core assets and a new management team.The announcement follows the company's recent decision to terminate Alexandria's former CEO Eric Owens. In a February 14, 2018, press release th...Read More

China's crackdown on copper scrap imports will fundamentally alter global flows but it also presents a significant opportunity for entrepreneurial merchants and innovative companies, panelists said at Metal Bulletin's fourth annual copper seminar in New York on Wednesday June 6. The Chinese central government announced in April that it will ban imports of all Category 7 scrap items by the end...Read More

Comex copper prices ticked higher on Thursday June 6 due to bullish sentiment on the back of Escondida wage negotiations and a weakening dollar.Copper for July settlement on the Comex division of the New York Mercantile Exchange edged 4.5 cents or 1.4% higher to $3.307 per lb. "Copper price sentiment remains bullish on Thursday June 7; the three-month benchmark has hit a 2018 high...Read More

Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Thursday June 7, with copper leading aluminium and nickel higher, while the rest were little changed to weaker.The three-month LME copper price, up by 0.6% at $7,281 per tonne, continues to be supported by supply-side fears stemming from labor negotiations at Chile's Escondida mine and the closu...Read More

CALGARY - Canada's oilsands industry, hard hit by a price storm this year, could be sailing straight into a pricing typhoon stirred up by new fuel standards for the international shipping industry.The tighter pollution rules by the International Maritime Organization, dubbed IMO 2020, are set to take effect Jan. 1, 2020, resulting in the sulphur content limit of "bunker" fuel on ships droppi...Read More

Assertions that cobalt could soon be eliminated altogether from electric vehicles (EVs) are simply wrong, according to the chief executive officer of First Cobalt. Trent Mell, who heads the North American pure play cobalt company, said that while the EV sector is moving toward an era of lower cobalt content per vehicle, this nonetheless has positive implications for cobalt producers. "It lowers th...Read More

$7.17 billion.According to Deloitte, this is how much Canadians are expected to spend on cannabis products next year.Once this report came out, Wall Street hot shots spit out the data to their clients so they could get a piece of this action.And this, dear reader, is why those Wall Street hustlers are useless.Everything they're now telling their clients about cannabis stocks is basically what I to...Read More