Turkish billet prices have fallen further over the past week amid sluggish demand, sources told Metal Bulletin on Thursday May 24.Metal Bulletin's weekly price assessment for billet imports into Turkey was $520-535 per tonne cfr, widening downward from last week's $530-535 per tonne.CIS billet export prices have nudged down this week due to a lack of buying activity in Turkey,...Read More
Chinese growth has been called a bubble and a figment of statistical manipulation.But within three decades, China has claims of having the biggest metro and longest high-speed rail systems.Quite rightly, those who saw the emergence of China coming expected increasing demand for commodities and gold. They then made a fatal mistake. An assumption was made that an increase in demand for commodities...Read More
NANNING, May 24 (SMM) – Despite a potential rebound in the near term, copper prices are likely to extend its downward trend in the longer run, said founder of Shanghai research firm Horizon Insights, Wang Pei. At the SMM Lead Zinc Summit on Thursday May 24 in Nanning, Guangxi province, Wang said that the weakening global economic growth and the growing global visual inventories of...Read More
VANCOUVER (miningweekly.com) – Absent any significant global economic disturbances disrupting consumer diamond demand, incremental year-on-year diamond production declines are forecast to drive real diamond prices up by about 10% cumulatively from 2018 through 2021, or 17% in nominal terms, a new report by independent analyst Paul Zimnisky states.Further, supporting supply dynamics favourabl...Read More
China's domestic and export prices for rebar fell again on Thursday May 24 with sellers attempting to secure more bookings.Domestic Eastern China (Shanghai): 3,790-3,830 yuan ($594-600) per tonne, down 20-30 yuan per tonne Northern China (Beijing): 3,830-3,850 yuan per tonne, down 20 yuan per tonne Traders lowered their prices on seeing futures decline in the earlier part of the day. Even when the...Read More
Appointed Mike Mutchler as President and CEOEngaged Whittle Consulting for an Optimization Study on the Mara Rosa Gold ProjectExtended the maturity of gold-linked credit facility to June 30, 2022 Closed a private placement for $5.2M with insiders subscribing for $1MInitiated a drilling program at Mara RosaToronto, Ontario - May 24, 2018 - Amarillo Gold Corporation ("Amarillo" or the "Company") (TS...Read More
SHANGHAI, May 24 (SMM) – Nonferrous metals saw mixed trading on Thursday May 24. SHFE lead surged 1.5%, tin rose over 1% and aluminium gained 0.8%. SHFE copper dropped 0.9%, zinc lost 0.7% and nickel dipped.The ferrous complex, except for coking coal, rose across the board. Hot-rolled coil led the increases with a gain of 1.5%. Rebar and iron ore rose over 1% and coke nudged up.Cop...Read More
Developed by CSIRO, the photon assay technology was commercialised by Chrysos Corporation in partnership with CSIRO and RFC Ambrian.Read More
SHANGHAI, May 24 (SMM) – Nonferrous metals saw mixed trading on Thursday May 24. SHFE lead surged 1.5%, tin rose over 1% and aluminium gained 0.8%. SHFE copper dropped 0.9%, zinc lost 0.7% and nickel dipped.The ferrous complex, except for coking coal, rose across the board. Hot-rolled coil led the increases with a gain of 1.5%. Rebar and iron ore rose over 1% and coke nudged up.Cop...Read More
SHANGHAI, May 24 (SMM) – Environmental taxes are likely to drive up production costs for nonferrous metals, given the high levels of emissions in production, said Huang Fuping, Secretary General of the Guangxi Environmental Industry Association. As the Chinese government steps up environmental protection, environmental taxes will become commonplace, he added.At the SMM Le...Read More
SHANGHAI, May 24 (SMM) – Environmental taxes are likely to drive up production costs for nonferrous metals, given the high levels of emissions in production, said Huang Fuping, Secretary General of the Guangxi Environmental Industry Association. As the Chinese government steps up environmental protection, environmental taxes will become commonplace, he added.At the SMM Le...Read More
NANNING, May 24 (SMM) – Despite a potential rebound in the near term, copper prices are likely to extend its downward trend in the longer run, said founder of Shanghai research firm Horizon Insights, Wang Pei. At the SMM Lead Zinc Summit on Thursday May 24 in Nanning, Guangxi province, Wang said that the weakening global economic growth and the growing global visual inventories of...Read More
SHANGHAI, May 24 (SMM) – Spot copper offer discounts narrowed some 10 yuan/mt from Wednesday to 100-20 yuan/mt over the SHFE 1806 contract on Thursday May 24, SMM learned. Weighed down by LME copper, the SHFE copper 1806 contract slumped nearly 500 yuan/mt last night. The contract continued to trade weakly this morning. Sellers attempted to raise offers this morning but t...Read More
SHANGHAI, May 24 (SMM) – Copper: Prices of copper weakened last night as US President Donald Trump's remarks grew US-Sino trade uncertainties. LME copper lost the gains that it made during the past three days and fell back to all moving averages. The SHFE 1807 contact also fell to the 10-day moving average. We expect LME copper to trade at $6,800-6,880/mt today with the SHFE contrac...Read More
The gold major said it in a statement it had started a consultation process with employees and organised labour groups in terms of section 189 of the South African Labour Relations Act 66 of 1995, which refers to an employer contemplating the dismissal of employees for reasons based on operational requirements.The talks were being facilitated by the Council for Conciliation, Mediation and Arbitrat...Read More
SHANGHAI, May 24 (SMM) – Copper: Prices of copper weakened last night as US President Donald Trump's remarks grew US-Sino trade uncertainties. LME copper lost the gains that it made during the past three days and fell back to all moving averages. The SHFE 1807 contact also fell to the 10-day moving average. We expect LME copper to trade at $6,800-6,880/mt today with the SHFE contrac...Read More
SHANGHAI, May 24 (SMM) – Nonferrous metals saw mixed trading on Thursday May 24. SHFE lead surged 1.5%, tin rose over 1% and aluminium gained 0.8%. SHFE copper dropped 0.9%, zinc lost 0.7% and nickel dipped.The ferrous complex, except for coking coal, rose across the board. Hot-rolled coil led the increases with a gain of 1.5%. Rebar and iron ore rose over 1% and coke nudged up.Cop...Read More
SHANGHAI, May 24 (SMM) – Environmental taxes are likely to drive up production costs for nonferrous metals, given the high levels of emissions in production, said Huang Fuping, Secretary General of the Guangxi Environmental Industry Association. As the Chinese government steps up environmental protection, environmental taxes will become commonplace, he added.At the SMM Le...Read More
A major blind spot in U.S. strategic economic doctrine is the increasing use of physical gold by China, Russia, Iran, Turkey and others both to avoid the impact of U.S. sanctions and create an offensive counterweight to U.S. dominance of dollar payment systems.This is the Axis of Gold.This gold-based payments system will dilute and ultimately eliminate the impact of U.S. dollar-based sanctions.Gol...Read More