Dawes, executive chairman of Martin Place Securities, alluded to new International Copper Study Group (ICSG) data, as well as bullish assessments of the red metal's prospects over the next decade from the likes of Glencore and Freeport-McMoRan, that highlighted copper's precarious short-term supply-demand balance, and potential longer-term split between stronger consumption rates and the global co...Read More

The latest news and price moves to start the Asian day on Thursday May 17.Base metals prices on the London Metal Exchange remained on split paths at the close of trading on Wednesday May 16, with low volumes traded and broad consolidation in effect across the complex amid a surging dollar. Read more in our live futures report.Here are how prices looked at the close of trading:UC Rusal continues to...Read More

The Wednesday Market Minute North Korea's threat to scrap its June summit with Trump rattles Asia markets.Benchmark 10-year Treasury yields holding at 2011 high of 3.07%.U.S. dollar index trading at fresh 2018 highs.Italian government bond yields pass 2% amid concern over aims of new government.Macy's earnings, housing starts, EIA crude data top light Wednesday event calendar.TheStreet's latest...Read More

The latest news and price moves to start the Asian day on Thursday May 17.Base metals prices on the London Metal Exchange remained on split paths at the close of trading on Wednesday May 16, with low volumes traded and broad consolidation in effect across the complex amid a surging dollar. Read more in our live futures report.Here are how prices looked at the close of trading:UC Rusal continues to...Read More

Canada-based L3 MAPPS has been awarded a contract to upgrade the full scope operator training simulator it supplied for unit 1 of Belgium's Tihange nuclear power plant. Meanwhile, USA-based GSE Systems has been contracted to upgrade and provide simulators to Chinese reactors.The full scope simulator at Tihange 1 (Image: L3 MAPPS)L3 MAPPS was awarded a contract in December 2013 by Electrabel, itsel...Read More

Organisational and technical measures are needed to improve the safety of the Democratic Republic of Congo's research reactor, an International Atomic Energy Agency (IAEA) team of experts has concluded. TRICO-II, at the Kinshasa Nuclear Research Centre (CREN-K), has not been in operation since 2003. An Integrated Safety Assessment of Research Reactors (INSARR) peer review of CREN-K was held on 7-9...Read More

Base metals on the London Metal Exchange ended mostly higher at the close of trading on Thursday May 17, with aluminium's three-month price down 1% after a huge re-warranting of 138,650 tonnes at Port Klang this morning. The light metal's cash/three-month spread remains in a backwardation, moving from $23b per tonne earlier in the day to a current reading of $10b per tonne. The re-warranting...Read More

A large rewarranting of aluminium in Malaysia on Thursday May 17 stirred up slightly bullish sentiment in Europe's physical aluminium market. More than 138,000 tonnes were rewarranted in Port Klang in Malaysia on Thursday morning, pushing on-warrant stock in the Malaysian port up a meteoric 141% to 266,625 tonnes. Global on-warrant stocks jumped 18% overnight to 996,875 per tonne. The latest rewar...Read More

The CME Group's growing share of global trade in recent years has been driven by its increasingly global reach since its commercial push in base metals began in 2012, its global head of metals Young-Jin Chang told Metal Bulletin this week.In the first quarter, CME Group posted record trading volumes with average daily metals trading volumes up by 39% year on year and daily option volumes...Read More

The dollar is said to be "soaring," though I take issue with that characterization for now (see the chart below); 10-yr Treasury yields are also rising, though the yield on the 10-yr is only up about 67 basis points if you measure from January 1, 2017. What's really going on?Ten years of money printing by the Federal Reserve has removed true price discovery from the markets. The best evidenc...Read More

Bob Moriarty ArchivesMay 17, 2018A major low in the price of precious metals this way cometh.I remember clearly the first time someone informed me that all markets were manipulated. It was just after my mom told me that the sun rises in the east. When I realized everything was manipulated; there are no free markets, I was so mad I kicked the slats out of my cradle.We need to know about manipulatio...Read More

Key data from the Wednesday May 16 pricing session in Europe.Key drivers - The ferro-titanium spot market moved down within its trading range, with about 280 tonnes of alloy reported to have been traded. - Most of the tonnage was reported sold at above $5 per kg, delivered duty paid, with less than 50 tonnes sold at $4.25-4.65 per kg. There is a disparity between what most producers have reported....Read More

New smelters and expansions at a suite of Chinese copper smelting companies will create fresh demand for concentrates from the third quarter of this year.Major smelters starting up in the coming months include Chalco's Ningde smelter and Lingbao Jincheng Metallurgical, while Tongling's Ausmelt project is due later this year.Having been beset by a series of delays, Chinese copper smelting expansion...Read More

The Kemess gold-copper project facilities 430 km north of Prince George, northern British Columbia. Source: Centerra Gold Inc.Centerra Gold Inc. [CG-TSX] said Thursday May 17 that its wholly-owned subsidiary AuRico Metals Inc. (AMI) has reached agreements with Triple Flag Mining Finance in connection with the sale of its royalty portfolio and a silver stream on the Kemess Project in northern Briti...Read More

The sharp rally in cobalt prices over the past two years has accelerated the adoption of cobalt scrap in the production of cobalt metal and salts, including cobalt sulfate, Chinese market participants told Metal Bulletin. The boom in cobalt scrap demand has come at a time when cobalt prices have almost doubled in a year due to a bullish outlook on electric vehicles (EVs) consumption. Cobalt is one...Read More

Gold Bar DrillingGold Canyon DrillingBackgroundThe Gold Bar and Gold Canyon properties are both former mines in the Gold Bar District in Eureka County, Nevada, an active mining area in the Roberts Mountains within the Battle Mountain-Eureka Trend. The district contains several Carlin-style sediment-hosted gold deposits including McEwen Mining Inc.’s (“McEwen”) Gold Bar project, w...Read More

SASKATOON - Fertilizer giant Nutrien Inc. says it has reached a deal to sell a partial stake in a Chilean lithium and nutrient producer to Tianqi Lithium Corp. for about $5.2 billion.The Saskatoon-based company says under terms of the agreement, it will sell all of its 62.6 million class A shares in Sociedad Quimica y Minera de Chile S.A. for $83.20 each, while retaining its 20.2 million cla...Read More

Uncompetitive policies and regulatory uncertainty are largely to blameCanada's investment climate for the energy sector can be described as unfavourable, at best. Clearly, investors have reached their breaking point with Canada's uncompetitive policies and regulatory uncertainty and are steering clear.The result is fewer Canadian jobs and lower economic growth.According to the most recent Statisti...Read More

I'm not going to lie...It was a huge pain in the ass just to make a few bucks.But it was the only way I could do it without taking part in a federal crime.It happened last year.August 26, 2017, to be exact.I remember the date well.It was around 10:00 a.m. when I transferred some digital currency to a sports betting site in the Caribbean in an effort to place a bet on the Mayweather/McGregor fight....Read More

CBLT Inc. (TSXV:CBLT) is a Canadian mineral exploration company and a project generator with a proven leadership team, targeting cobalt in reliable mining jurisdictions. We learned from Peter Clausi, President, CEO of CBLT, that the company was one of the first to move into cobalt space three years ago and were able to acquire cobalt properties fairly cheaply. According to Mr. Clausi, cobalt is an...Read More