The US Department of the Interior published the list on Friday after president Donald Trump called for a critical mineral strategy at the end of 2017.NioCorp said the Elk Creek Superalloy Materials project was one of the few polymetallic greenfield mining projects in the US that proposed to produce multiple critical minerals - namely niobium, scandium and titanium.It said the Elk Creek ore bo...Read More
RAPAPORT... Jewelry sales were strong at Macy's and J.C. Penney in thefirst fiscal quarter, the companies said. "Fine jewelry was a standout performer, including ourproprietary Star Signature Diamond Collection," Macy's CEO Jeffrey Gennettesaid last week in an earnings call transcribedby Seeking Alpha. Macy's total sales rose 4% year on year to $5.54 billion forthe three months ending May 5,...Read More
SHANGHAI, May 21 (SMM) –Copper: Suppressed by the strong US dollar, the trading level of copper prices dipped. LME copper struggled among all the moving averages with strong pressure at the 60-day moving average, while the SHFE 1807 contract struggled between the five- and 10-day moving averages with support at the 40-day moving average. We expect LME copper to trade at $6,820-6,870/mt today...Read More
Turkish domestic scrap prices have increased in line with the rise in finished long steel prices over the past week, sources said on Monday May 21.Steel producers in Turkey and a major scrapyard have increased their buy prices for auto bundle scrap by TRY25-80 ($6-18) per tonne over the past seven days.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey wa...Read More
Centerra had gained both the portfolio and feasibility-stage Kemess copper-gold project from its acquisition of AuRico Metals, which was completed in January.Read More
COEUR D'ALENE, Idaho, May 21, 2018 (GLOBE NEWSWIRE) -- New Jersey Mining Company (NJMC) ("NJMC" or the "Company") announced today that it has sold its Toboggan project to Hecla Silver Valley, a wholly-owned subsidiary of Hecla Mining Company (HL) ("Hecla") for $3-million cash.New Jersey's Toboggan property sold to Hecla Silver Valley was comprised of the surface rights to the Little Baldy patent...Read More
RAPAPORT... ABN Amro is terminating its diamond and jewelry lendingbusiness in the US and the United Arab Emirates (UAE), the Amsterdam-based banksaid.The lender decided to end its services to the US industrydue to its "very small portfolio," a spokesperson for the company said Monday.The bank will also close its office in Dubai for diamond and jewelry clients aspart of a move to end its overall p...Read More
CIS export billet prices continued to climb in the week ended Monday May 21 despite mixed market sentiment, with several bookings reported done at higher prices.Metal Bulletin's CIS billet export index was $524 per tonne fob Black Sea on May 21, compared with $520 per tonne fob a week ago.Starting from May 21, Metal Bulletin will increase the publishing frequency of its CIS billet export index fro...Read More
Known round the traps as JP, he's now the incoming managing director of Dempsey Minerals (DMI), the ASX-listed company that's acquring the ground he picked up in Argentina.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade. Index futures responded to news that trade negotiations between China and the U.S. are progressing. Big Lots (BIG $41.64) is expected to open higher after JP Morgan raised its target price to $55 from $44. Lululemon gained $0.82 to $102.82 after SunTrust increased its target price to$114...Read More
RAPAPORT... Meghan Markle wore the Queen Mary Diamond Bandeau Tiara at herSaturday wedding to Prince Harry, Kensington Palace said. The headpiece, which held the bride's veil in place, wasmade in 1932, and is a flexible band of 11 sections. It is comprised of diamonds andplatinum, and pav?(C)-set with large and small brilliant diamonds. The County ofLincoln gave the centerpiece - a detachable broo...Read More
China's domestic rebar prices continued to decrease on Monday May 21 on weak trading activity amid losses in the futures market.Domestic Eastern China (Shanghai): 3,950-4,000 yuan ($619-627) per tonne, down 20 yuan per tonne Northern China (Beijing): 3,890-3,920 yuan per tonne, down 10-20 yuan per tonne The weakness in the futures market during the day resulted in buyers taking a wait-and-see appr...Read More
Our Financial Sense leading economic indicator (LEI) peaked in October 2017 and has experienced six months of consecutive declines. It is still in positive territory-meaning the risk of a recession over the next six months is quite low-but weakening, confirming the growth slowdown ECRI's Lakshman Achuthan warned about earlier this year on FS Insider. (click any image to enlarge) Source: Bloomberg,...Read More
Back in Austin, Texas, on the weekend, the US Global Investors CEO wrote in his blog: "Blockchain has the potential to revolutionize how gold and precious metals are manufactured and delivered.""Blockchain is also bringing change to gold investment. Consider Royal Mint Gold which aims to provide the ‘performance of the London Gold Market with the transparency of an exchange-traded security'...Read More
SHANGHAI, May 21 (SMM) – China’s nonferrous metals futures closed higher except for aluminium and nickel on Monday May 21. Lead led the gains with a rise of over 1.4%, zinc grew nearly 1.1%, tin rose almost 0.8%, and copper inched up.Ferrous metals dropped across the board with iron ore leading the loss and closing 3% lower. Coke fell nearly 2%, hot-rolled coil and rebar lost over 1.8%...Read More
SHANGHAI, May 21 (SMM) – Shandong's industrial production will face a series of restrictions in the following month as Shanghai Cooperation Organisation (SCO) Summit will be held in Qingdao on June 9. From May 20 to June 20, construction sites within 100 km of Qingdao will be completely suspended; steel plants within 300 km of the city have been required to cut 40-50% of their...Read More
SHANGHAI, May 21 (SMM) – China’s nonferrous metals futures closed higher except for aluminium and nickel on Monday May 21. Lead led the gains with a rise of over 1.4%, zinc grew nearly 1.1%, tin rose almost 0.8%, and copper inched up.Ferrous metals dropped across the board with iron ore leading the loss and closing 3% lower. Coke fell nearly 2%, hot-rolled coil and rebar lost over 1.8%...Read More
SHANGHAI, May 21 (SMM) –Copper: Suppressed by the strong US dollar, the trading level of copper prices dipped. LME copper struggled among all the moving averages with strong pressure at the 60-day moving average, while the SHFE 1807 contract struggled between the five- and 10-day moving averages with support at the 40-day moving average. We expect LME copper to trade at $6,820-6,870/mt today...Read More
SHANGHAI, May 21 (SMM) – China’s nonferrous metals futures closed higher except for aluminium and nickel on Monday May 21. Lead led the gains with a rise of over 1.4%, zinc grew nearly 1.1%, tin rose almost 0.8%, and copper inched up.Ferrous metals dropped across the board with iron ore leading the loss and closing 3% lower. Coke fell nearly 2%, hot-rolled coil and rebar lost over 1.8%...Read More
SHANGHAI, May 21 (SMM) – Operating rates across China's zinc oxide plants are likely to dip in May, an SMM survey showed. This is due to the month-long environmental inspections in Jiangsu province since late April, and intensified inspections ahead of the Shanghai Cooperation Organisation (SCO) Summit in Qingdao, Shandong province, in June.Hebei and Jiangsu border Shandong in the n...Read More