Chinese ferro-vanadium and vanadium pentoxide (V2O5) offers softened on limited export activity this past week, while the European markets were stagnant on a lack of spot market demand. Chinese vanadium export activity limited, offering prices slideEuropean vanadium markets inactive, prices flat US ferro-vanadium spot market activity picks up, prices narrow The Chinese ferro-vanadium export market...Read More
Ganzhou Tungsten Association (GTA) has raised its tungsten price forecasts for May in response to the recent rebound in prices on concerns of supply disruptions following a new round of environmental checks in major tungsten production hub, Jiangxi province, from mid-April.GTA forecast average prices for black tungsten concentrate 65% and ammonium paratungstate (APT) in May at 112,500 yuan ($17,70...Read More
Chinese ferro-vanadium and vanadium pentoxide (V2O5) offers softened on limited export activity this past week, while the European markets were stagnant on a lack of spot market demand. Chinese vanadium export activity limited, offering prices slideEuropean vanadium markets inactive, prices flat US ferro-vanadium spot market activity picks up, prices narrow The Chinese ferro-vanadium export market...Read More
Chinese ferro-silicon prices were stable last week, but shortened supply and more active trading suggest an uptick in pricing ahead. Chinese domestic market sees active trading, short supplyEuropean prices slide on thin trading activity US spot market stable amid spot inactivity Chinese domestic ferro-silicon market supported by tight supplyChinese domestic ferro-silicon prices were stable last we...Read More
Chilean copper miner Antofagasta estimates that export sales of copper concentrates from its Los Pelambres mine will be affected after a pipeline blockage halted transportation of material from the mine to the port of Los Vilos.Sales for the first six months of the year are expected to be down by 15,000 tonnes of copper contained in concentrates, but overall guidance for the year is unchanged...Read More
ST. JOHN'S, N.L. - Newfoundland and Labrador's premier says confusion and uncertainty over federal efforts to protect marine areas have stranded crucial offshore oil investment.Dwight Ball says future decisions should be timely and based on good science - not pressure from what he called special interest groups.He made the comments to the National Advisory Panel on Marine Protected Area Standards....Read More
Chinese ferro-silicon prices were stable last week, but shortened supply and more active trading suggest an uptick in pricing ahead. Chinese domestic market sees active trading, short supplyEuropean prices slide on thin trading activity US spot market stable amid spot inactivity Chinese domestic ferro-silicon market supported by tight supplyChinese domestic ferro-silicon prices were stable last we...Read More
VANCOUVER - Shares in Nevsun Resources Ltd. gained more than 15 per cent in late-morning trading after it rejected an unsolicited $1.5-billion takeover offer by Euro Sun Mining Inc. that included Lundin Mining Corp.Nevsun said the offer failed to reflect the strategic value of its asset base and presented a problematic structure that could further undermine value to its shareholders.Shares in the...Read More
Telson Mining Corporation (TSXV: TSN) is a Canadian-based junior resource mining company, currently in pre-production at two Mexican gold, silver and base metal mining projects, and is advancing both towards commercial production, over the coming months of 2018. According to Ralph Shearing, President of Telson, the company is a new multi-mine producer in Mexico, delivering and selling metal concen...Read More
The good wife is in Las Vegas for work this week, leaving me home to be the bachelor. I've never much liked Vegas. It is shallow, rude, and noisy. It is a system set up to rob the stupid.And according to the latest numbers, it has undergone a tourist slump. For the first time in nine years, the numbers are down over last year.It seems that Las Vegas isn't what it used to be. When I first showed up...Read More
TORONTO - Royal Dutch Shell is selling its stake in Canadian Natural Resources Ltd. for about $4.3 billion.The sale of more than 97 million shares represents Shell's entire interest in Canadian Natural, a roughly eight per cent stake in the company.Shell said in a statement Monday night that proceeds from the sale will contribute to reducing net debt.The sale, which is being underwritten by Gold...Read More
Mayo Lake Minerals (MLM) is a private Ontario-based company that owns a 100 per cent interest in five claim blocks, presently consisting of 1,117 claims, in the Mayo Mining District of the Yukon. These claim groups all lie within the Tombstone Plutonic Belt of the Tintina Gold Belt (TGB). We learned from Tyrell Sutherland, VP of Exploration for Mayo Lake Minerals, that these are all brand new prop...Read More
May 8, 2018 (Investorideas.com Newswire) On the heels of its newly released prefeasibility report, a Canadian mining company gets the green light on fast production on its fully permitted and built Arizona gold mine where the company continues to make high-grade discoveries on its large land package.Kerr's Copperstone projectArizona ranks second in the U.S. for mineral production, with copper topp...Read More
SASKATOON - Nutrien Ltd. says a tough winter that slowed potash shipments to Canadian ports and a late spring start to planting season in Canada and the U.S. are responsible for a first-quarter net loss of $1 million.The company formed at the start of the year out of the merger of Potash Corp. and Agrium Inc. earned 16 cents per share in the three months ended March 31, missing analyst expect...Read More
Vancouver, British Columbia - May 8, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Pan Global Resources Inc. (TSXV: PGZ) ("Pan Global" or the "Company") The company is pleased to provide an update on exploration in the ??guilas Project in Andalucia, Spain. A new structure has been discovered with copper mineralisation and associated cobalt and silver identified over 1.8 km of strike so-far, a...Read More
The Double StandardWhen Volkswagen executives found out U.S. regulations would kill one of their diesel models, they pulled some tricks. They fooled U.S. regulators by installing software which misrepresented the emissions released.But the U.S. found out, and arrested the top executives involved.One of them, a German citizen, was sentenced to 7 years in prison late 2017 for his role in the scan...Read More
Turkish steel producers have resumed their deep-sea scrap purchases, trading two US shipments and a UK cargo in the past few days, sources said on Tuesday May 8.The mills in the country were waiting until the International Rebar Producers & Exporters Association (Irepas) conference in Warsaw, which ends today, to see which direction the market moves, and decided to pay slightly higher prices for d...Read More
Waiting for Permanent Backwardation The price of gold dropped 9 bucks, while that of silver rose 3 cents. Readers often ask us if permanent backwardation (when gold withdraws its bid on the dollar) is still coming. We say it is certain (unless we can avert it by offering interest on gold at large scale). They ask is it imminent, and we think this is with a mixture of fear and longing for a highe...Read More
May 8, 2018 (Investorideas.com Newswire) A company exploring a copper-gold project in Argentina reported high-grade results.If the old saying, "We're number 2, we try harder," rings true, that must mean that Centenera Mining Corp. (CT:TSX.V; CTMIF:OTCQX) is trying hardest of all because one of its drill holes returned the third best copper intersection reported in the first quarter of this year.Th...Read More
CloseGain/LossGold $1314.40+$0.10Silver$16.48+$0.01XAU82.67+0.82%HUI181.17+0.53%GDM632.64+0.06%JSE Gold1077.86-10.83USD93.10+0.33Euro118.65-0.58Yen91.69+0.10Oil$69.06-$1.6710-Year2.974%+0.024T-Bond143.25-0.3125Dow24360.21+0.01%Nasdaq7266.90+0.02%S&P2671.92-0.03% The Metals: Gold saw slight gains in Asia before it fell back to $1306.10 by a little after 10AM EST, but it th...Read More