Lithium Chile (TSX-V: LITH) owns fifteen projects, encompassing 148,100 hectares on Li-rich Salars in Chile - which has the largest, high-grade lithium reserves and lowest-cost lithium production in the world. The portfolio includes projects, with high-grade lithium brines and excellent chemistry, at shallow depths - all of which have good access to infrastructure. The company is well-funded and h...Read More
Prices for containerized shredded scrap imports into India went down this week with the weakness of the rupee against the dollar putting buying activity on hold, market sources told Metal Bulletin on Friday May 11.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $385.94 per tonne cfr Nhava Sheva on May 11, down by $4.79 week-on-week from $390.73 per tonne cf...Read More
Rio Tinto and Alcoa - with the backing of Apple - have announced a revolutionary process to make aluminium that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process.Kristie Batten*Announcing the creation of Elysis11 MAY 201811/05/2018commentsshareRio and Alcoa announced the formation of Montreal-based joint venture company, Elysis to develop and...Read More
May 11, 2018 (Investorideas.com Newswire) The first quarter saw some high-profile M&A activity in the precious metals sector. In this interview with Streetwise Reports, Ralph Aldis, portfolio manager of U.S. Global Investors, discusses the market landscape and some companies that could be takeover targets.The Gold Report: Ralph, there have been some high-profile mergers and acquisitions (M&A) in t...Read More
UK ferrous scrap prices for monthly deliveries to consumers in May were unchanged this month, with any possible planned price increases cancelled out by the weakness of sterling against the dollar, trade sources told Metal Bulletin on May 11.Prices for trend-indicating grades in the UK such as HMS 1&2 (old steel) and OA (plate and structural) were flat this week, remaining at ?180-205 ($244-277)...Read More
May 11, 2018 (Investorideas.com Newswire) CIBC reviewed this mid-tier company's Q1/18 results.In a May 7 research note, CIBC analyst David Haughton reported that IAMGOLD Corp. (IMG:TSX; IAG:NYSE) "continued the recent positive operating momentum with strong Q1/18 results, and these good results should be well received."The miner's adjusted earnings per share for the quarter were $0.09, higher than...Read More
Via Sovereignman.comIn 1923, a young Jewish immigrant from a small town in modern-day Ukraine founded a candy company in Brooklyn, New York that he called "Just Born".His name was Samuel Bernstein. And if you enjoy chocolate sprinkles or the hard, chocolate coating around ice cream bars, you can thank Bernstein- he invented them.Nearly 100 years later, the company is still a family-owned business,...Read More
Comex copper prices edged higher in the US morning on Friday May 11, with the complex benefiting from a softer dollar. Copper for July settlement on the Comex division of the New York Mercantile Exchange gained 0.70 cents or 0.2% to $3.1170 per lb. Earlier today, the contract touched a high of $3.1265, the highest since April 27. "Copper is still trading within the...Read More
May 11, 2018 (Investorideas.com Newswire) Edward Sterck, an analyst with BMO Capital Markets, discussed the implications of its recent suspension of shipments for this Chilean firm in the short and medium term.In a May 8 research report, analyst Edward Sterck with BMO Capital Markets relayed that Antofagasta Plc (ANTO:LSE) has resolved the blocked concentrate pipeline at Los Pelambres that caused...Read More
CloseGain/LossOn WeekGold $1318.90-$1.70+0.37%Silver$16.67-$0.05+1.03%XAU83.86+0.07%+1.77%HUI182.24-0.06%+0.47%GDM639.91-0.00%+1.16%JSE Gold1068.30+8.70-4.19%USD92.54-0.12-0.06%Euro119.44+0.19-0.11%Yen91.47+0.13-0.28%Oil$70.70-$0.66+1.41%10-Year2.970%+0.003+0.85%Bond143.21875+0.03125-0.22%Dow24831.17+0.37%+2.34%Nasdaq7402.88-0.03%+2.68%S&P2727.72+0.17%+2.41% The Metals: G...Read More
Three-month base metals prices on the London Metal Exchange gave a mixed performance on the morning of Friday May 11, with the complex averaging a slight 0.1% gain as at 06.42 am London time.Copper and aluminium were down by 0.2% and 0.4% respectively, nickel and zinc were little changed, while lead (+0.7) and tin (+0.3%) were the complex's strongest performers.But with a total trading volume of 3...Read More
European banks and interest rates may seem confusing, but Danielle DiMartino Booth helps us paint a clearer picture of it all.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: A...Read More
By Ira EpsteinGold consolidates but still doesn't look ready to move much. https://www.iraepstein.com/ Read More
Click Here to Listen to the Interview - *the interview begins at 5:47Craig Hemke of the TF Metals Report joins Money Metals Exchange to talk about why he sees the dollar as tremendously overbought after its recent rally, what it's going to take for the metals to get moving to the upside again and breaks down two scenarios that the Fed hopes they won't encounter later this year but almost certainl...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort198,54891,10857,613181,586316,570437,747465,291Change from Prior Reporting Period -11,029-11,690-8,5431,8514,963-17,721-15,270Traders18783864953282184 Small Speculators LongShortOpen Interest 53,65126,107491,398 1,363-1,088-16,358 non reportable positionsChange from the previous...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
By Alasdair MacleodIt seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl Marx. More than anyone, through wrong-headed ideas, he bears responsibility, indirectly admittedly, for the deaths of an estimated one hundred million people in the last century, and the severe suppression though economic and s...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans' new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And valuations stayed extr...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More