Ferro-chrome prices rose in China for domestic and imported material on Friday May 18 due to producers standing firm on offer prices in a tighter market. Ore and alloy prices rise in China Chinese market reports alloy production cuts Alloy prices in South Korea follow China higher Alloy prices hold in Europe and Japan US market quiet, prices edge up on small volume trades Ferr...Read More
Jiangxi Copper, China's largest copper smelter, is planning to set up metal concentrates blending and scrap processing operations in Southeast Asian countries, Metal Bulletin has learned. "The blending operation will receive complex concentrates with high arsenic content. The scale of the blending capacity is not set yet. Jiangxi Copper has no such overseas blending operation so it is a new move f...Read More
The rapid ramp-up in alumina production while domestic high-grade bauxite resources deplete is the biggest challenge for China's alumina industry, Yin Zhonglin, director of Alumina Research Department at Aluminum Corporation of China Limited (Chalco) Zhengzhou Research Institute, said at Asian Metal's Aluminium Raw Materials Conference, held in Jinan on May 18.Yet instead of widely relying on impo...Read More
Cameco Exploration's director of information, Mike McClelland is seeing a different future for the uranium-sector leader's exploration efforts after it introduced an advanced geological model management platform that he says not only gives the exploration and mine geology teams, and company executives, new insights into results and data, but also connects them in a way that would was not previousl...Read More
Canada-based Cobalt Blockchain Inc (COBC) expects final ratification shortly for a copper/cobalt trading and export license that will allow it to establish regional buying depots in the Democratic Republic of Congo (DRC), process minerals in-country and export internationally. The exploration and development company, which has assets in the DRC, said its application for the license as well as all...Read More
High-profile US investment fund manager Frank Holmes heard nothing at a giant New York bitcoin, blockchain and cryptocurrency gabfest last week to deter him from bullish views about the looming impact of the financial haymakers on precious metals production, supply and even investment.Staff reporter21 MAY 201821/05/2018commentsshareBack in Austin, Texas, on the weekend, the US Global Investors CEO...Read More
Cobalt 27 has agreed an $80 million revolving credit facility to help fund its investments in the mineral industries, including streaming and royalty agreements, the company said late last week. The credit facility, "significantly strengthens Cobalt 27's liquidity and provides the financial capacity to accelerate our plans to close streaming transactions," Anthony Milewski, chairman and chief exec...Read More
Here's a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, with all the inflationary pressures that that implies. From today's Wall Street Journal: Trans-Atlantic Oil-Price Spread Soars as Supply Glut DisappearsU.S. oil prices are lagging behind global oi...Read More
May 21, 2018 (Investorideas.com Newswire) With Mexican government approval in hand, this gold producer expects to close the acquisition within a week.The Vancouver-based gold producer Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) recently announced that the Mexican Comisi??n Federal de Competencia Econ??mica (COFECE) approved its acquisition of Brio Gold Inc.This approval was the final one necessa...Read More
May 21, 2018 (Investorideas.com Newswire) The news flow for this company includes initiation of a gold hedge program and filing paperwork with the TSX Venture Exchange for a new royalty agreement.To offset the risks involved with fluctuating gold prices, Victoria Gold Corp. (VIT:TSX.V) recently announced it has entered into a "gold price protection program" for its Eagle Gold Project in Canada's Y...Read More
After a strong first quarter of 2018, when more ferrous scrap produced in the United States was bought both at home and abroad, it appeared that the country's scrap sellers were well placed to fend off buyers' attempts to push market prices downward.Price increases in the US domestic scrap market, combined with increasing mill capacity utilization rates and an 80% bounce in US scrap export volumes...Read More
May 21, 2018 (Investorideas.com Newswire) Andrew Kaip, an analyst with BMO Capital Markets, reviewed the arrangement between the two entities.In a May 13, 2018 research note, analyst Andrew Kaip with BMO Capital Markets indicated Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) entered into a metals purchase agreement with First Majestic Silver Corp.' (FR:TSX; AG:NYSE; FMV:FSE) regarding the San...Read More
The Turkish steel producers went quiet again in the deep-sea scrap markets on Monday May 21, amid sluggish demand for finished steel and the continuing weakening of the country's lira.The mills in the country booked only three deep-sea cargoes last week, with prices going down to $345 per tonne cfr for Baltic Sea-origin HMS 1&2 (80:20) in the most recent transaction.Market sources said that the mi...Read More
CloseGain/LossGold $1292.20+$0.50Silver$16.50+$0.07XAU82.08+0.03%HUI177.68-0.03%GDM621.69+0.41%JSE Gold1010.99-1.83USD93.58-0.09Euro117.86+0.18Yen90.23-0.26Oil$72.24+$0.9610-Year3.057%-0.008T-Bond141.40625+0.21875Dow25013.29+1.21%Nasdaq7394.04+0.54%S&P2733.01+0.74% The Metals: Gold fell $9.70 to $1282.00 in Asia, but it then rallied back higher throughout trade in London...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
May 21, 2018 (Investorideas.com Newswire) Wrapping up its winter drill program, holes on this company's property in the Northwest Territories included discovery of visible gold.In a May 8 press release, TerraX Minerals Inc. (TXR:TSX.V) announced that additional drilling on the Crestaurum zone in its Yellowknife City gold project had intersected mineralization that may have doubled the known size o...Read More
By Ira EpsteinIndustrial metals up on Chinese truce on tariffs but gold flat.https://www.iraepstein.com/ Read More
Jiangxi Copper, China's largest copper smelter, is planning to set up metal concentrates blending and scrap processing operations in Southeast Asian countries, Metal Bulletin has learned. "The blending operation will receive complex concentrates with high arsenic content. The scale of the blending capacity is not set yet. Jiangxi Copper has no such overseas blending operation so it is a new move f...Read More
"The kid has been trying to make a deal with America for three years. Obama cut it back - the bureaucrats in Washington cut it back when he was trying to - he wanted to sign peace treaty."Watch the latest video at video.foxbusiness.comJim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one...Read More
Technical analyst Jack Chan updates his gold and silver charts. Our proprietary cycle indicator is up. The gold sector is on a long term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term. The gold sector is on a short-term sell signal. Short-term signals can last for days and weeks, and are more suitable for traders. Speculation i...Read More