Comex copper prices failed to hold onto Friday's gains with the market pausing the uptick after a fresh set of material inflows across Europe and Asia. Copper for July settlement on the Comex division of the New York Mercantile Exchange fell 0.90 cents or 0.3% to $3.1015 per lb. On Friday, the contract touched a high of $3.1265, the highest since April 27. "We expect a rebound in copper prices in...Read More
Unit 4 of the Ohi nuclear power plant in Japan's Fukui Prefecture began supplying electricity to the grid again on 11 May, Kansai Electric Power Company has announced. The reactor is expected to re-enter commercial operation early next month.Ohi units 3 and 4 (Image: Kansai)Following the shutdown of all of Japan's reactors after the March 2011 accident at the Fukushima Daiichi plant, Ohi 3 and 4 w...Read More
Core earnings at Brazilian ferro-alloys producer Ferbasa declined by 10.16% in the first quarter of 2018, affected by higher costs for energy and raw materials on an annual comparison, Metal Bulletin has learnt.Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) came to 94.4 million Brazilian Reais ($26.2 million) in January-March, against 101.6 million Reais in the co...Read More
Both the European spot and Chinese export ammonium paratungstate markets continued to move higher last week amid concerns of supply disruptions due to continued environmental inspections in China. Concerns over disruptions at ammonium paratungstate smelters in Jiangxi province, a major production hub, continue More inquiries were seen in the European spot and Chinese export markets for ammo...Read More
Afarak has confirmed a first-quarter loss of ?,?700,000 ($836,000) due to lower ferro-chrome prices, higher costs and a stronger South African rand.The London and Helsinki-listed mining and metallurgical group, which owns the Mogale ferro-alloys plant in South Africa, reported negative earnings before interest, tax, depreciation and amortization (Ebitda) of ?,?700,000 compared with positive Ebitda...Read More
The platinum market moved into a small surplus in 2017 and is expected to move further into surplus this year, as rising industrial demand is outweighed by a decline in autocatalyst consumption and lower net investment.Platinum demand fell in 2017 on lower Japanese investment buying, use in China's jewellery industry14 MAY 201814/05/2018commentsshare Johnson Matthey said its latest PGM market...Read More
Rio Tinto group head of growth and innovation Stephen McIntosh believes the pace of technological change across the mining industry is accelerating as more companies leave behind historic intransigence to transformative technology and cultural adjustment, and a fear of being left behind grows. "If we don't disrupt our own ways of thinking and operating, we can be sure someone else will do it," McI...Read More
Cobalt prices continued to drift lower last week due to a lull in demand and increase in availability of offers for spot metal units. Metal Bulletin's price assessments for low-grade and high-grade metal were unchanged on Friday May 11, after falling midweek. Low-grade cobalt prices fell 30 cents on the low end of the range, and 20 cents on the high end of the range on Wednesday May 9, to set...Read More
OTTAWA - The federal Liberal government, chastised last year in an auditor's report that found a lack of oversight of Canada's controversial temporary foreign workers program, is stepping up employer inspections and naming and shaming those caught breaking the rules.Since the start of the year, roughly 1,600 employers have been flagged as "high-risk employers" and selected for inspections by the...Read More
The first brand-new car that your grandchildren will buy will be electric or hybrid - whether they like it or not.And that's because they won't have a choice...I learned to drive with a manual transmission. And to this day, I still prefer to drive a stick shift. It makes me feel like I'm more in control of the car, and I like the experience better than driving an automatic transmission.But today,...Read More
The Chinese silicon export market prices fell on Friday May 11 on looming operation restarts at silicon refineries in Sichuan and Yunnan provinces during the rainy season, while European prices also weakened. Metal Bulletin's Chinese grade 553 silicon export prices moved lower to $1,890-1,950 per tonne on Friday's assessment, down 0.8% from $1,910-1,960 per tonne previously. On one hand, very...Read More
Vancouver, British Columbia - May 14, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), ("Altamira" or the "Company") is pleased to report that the Company has claimed an additional 51,553 ha within the Juruena belt of Mato Grosso, Brazil. These new claims are located within the Santa Helena and Colider project areas and are in addit...Read More
The Turkish steel mills prefer to stay out of the deep-sea scrap market for a second consecutive week this week because of the approach of the Islamic holy month of Ramadan and the current low demand for their finished steel products, sources said on Monday May 14.The mills booked a number of deep-sea cargoes in the week before last, and are still expected to buy more scrap for delivery in May. Bu...Read More
Toronto, Ontario - May 14, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Generation Mining Limited (CSE: GENM) (the "Company") is pleased to announce that it has entered an option agreement to acquire a 100% interest in the Alberta Zinc Project. The project is located along the Mackenzie Highway approximately 80 kilometres from the town of High Level, Alberta, and has excellent infrastructure...Read More
Modern governments and industries work in collusion to control the individual. But ironically, they were only able to grow powerful by exploiting the desire to be an individual.According to Yuval Noah Harari’s book Sapiens: A Brief History of Humankind, governments started out as simple gangs, collecting protection money.Many kingdoms and empires were in truth little more than large protec...Read More
May 14, 2018 (Investorideas.com Newswire) BMO Capital Markets reviewed the latest news involving this gold miner, the announcement of Q1/18 results and a foreign government's request.In a May 8 research note, Andrew Kaip, a BMO Capital Markets analyst, reported that Kinross Gold Corp. (K:TSX; KGC:NYSE) achieved "a solid earnings beat on strong production and lower costs" in Q1/18, but concerns inv...Read More
Turkish domestic scrap prices have shown mixed dynamics over the past week with auto bundle scrap prices going up while ship scrap prices weakened, sources said on Monday May 14.A number of steel mills have raised their auto bundle scrap prices because of strengthening demand, with the country's steel producers being quiet in the deep-sea scrap import markets.Alloy long steel producer Asil ??elik...Read More
CloseGain/LossGold $1313.50-$5.40Silver$16.52-$0.15XAU83.47-0.47%HUI181.93-0.17%GDM636.96-0.46%JSE Gold1066.44-1.86USD92.62+0.08Euro119.38-0.06Yen91.28-0.19Oil$70.96+$0.2610-Year2.993%+0.023T-Bond142.75-0.375Dow24899.41+0.27%Nasdaq7411.32+0.11%S&P2730.13+0.09% The Metals: Gold gained $3.40 to $1322.30 in Asia before it chopped back to $1318.10 in early New York trade and...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
By Ira EpsteinRising US interest rates sink metals.https://www.iraepstein.com/ Read More