Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has give...Read More
Sichuan Yahua Industrial Group, one of China's largest lithium hydroxide and carbonate producers, is injecting further funds into emerging Australian lithium producer Core Exploration (ASX:CXO) as Chinese companies continue to aggressively try securing supply of the key ingredient needed for making the batteries that power electric cars.Through its subsidiary Yahua International, Sichuan has give...Read More
A mining company in South Africa says four workers have died and two others are missing after an earth tremor caused a rockfall at a gold mine.Read full newsRead More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index maintained its recent trend of grinding sideways, though after a dip to its 20-day moving average at 1277, it bounced as high as 1293.52 intraday and finished the week up 8 points at 1291.64.RSI rose 2.2 points to 62, nominally breaking the 60-point barrier that has...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
SHANGHAI, May 7 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last weekendThe US dollar index surged and hit a four-month high at 92.90 last Friday, given the upbeat economic outlook, despite the nonfarm payrolls came out below expectation.Most base metals rose as the US-China trade negotiations made some progress. LME aluminium jumped 2.6% an...Read More
Investing.com - Gold prices will remain vulnerable to further gains in the dollar this week after the precious metal ended slightly higher on Friday but still notched up a third straight week of declines, weighed down by a stronger dollar.Metals traders will be awaiting updates on U.S. producer price and consumer price inflation on Wednesday and Thursday, respectively, amid ongoing speculation ove...Read More
Global billet prices moved in different directions during the week ended Friday May 4, with limited supply and improved demand pushing prices up for Southeast Asia's imports, China's domestic market and Turkey's exports.On the other hand, poor demand and market uncertainty led to stable or falling export prices in the Middle East and CIS regions.AsiaSoutheast Asia's billet import prices moved up f...Read More
When investors think of gold companies, Goldcorp Inc. (TSX:G)(NYSE:GG) is typically one of the first companies to come to mind. As one of the largest miners of the yellow metal globally, Goldcorp is often viewed as somewhat representative of the commodity price of gold, with investor focus primarily centered on the size and scale of Goldcorp's operations as key to making a long-term bet in the...Read More
MMG's Dugald River zinc mine in Australia achieved commercial production on May 1, the company said on Monday May 7.Dugald River has been online since November 8, 2017, with its first shipment of approximately 10,500 wet metric tonnes (wmt) of zinc concentrate to China on December 16.MMG produced 47,138 tonnes of zinc in concentrate in this year's first quarter, up 45% from the previous quarter, i...Read More
Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Monday May 7, with the complex benefiting from a slightly easier dollar. The dollar index was down by 0.1% at 92.47 as at 11am Shanghai time, this after it had spiked to a high of 92.91 last Friday despite disappointing US employment data for April - see data section below.Aluminium prices have foun...Read More
ED&F Man Capital Markets Ltd has appointed Fred Demler as the company's executive vice president and global head of metals, the first time the international financial brokerage firm has created such a role. Demler, who will be based in New York, will be responsible for ED&F Man's global sales and trading staff, working with them to help service and develop the firm's growing client base. It marks...Read More
This analysis is an excerpt from the opening market commentary in my April 19th issue of the Mining Stock Journal.I was looking at some charts with a colleague two weeks ago and was startled to discover that a very quiet bull move has begun in the miners. Like the move that began in late 2015, it seems that some of the junior miners per GDXJ have gotten the party going. As you can see in the chart...Read More
Both the European spot and Chinese export ammonium paratungstate (APT) markets saw a greater number of inquiries over the past week amid persistent worries about possible supply disruptions in China resulting from ongoing environmental inspections in the country's Jiangxi province - a major production hub for APT. Concerns over disruptions at APT smelters in Jiangxi province continued More inquiri...Read More
Afarak has warned it expects to report a loss for the first quarter of 2018, citing a 30% drop in the benchmark price for ferro-chrome, higher raw materials costs and the appreciation of the South African rand.The London and Helsinki-listed mining and metallurgical group, which operates the Mogale Alloys chrome operation in South Africa, expects to report negative earnings before interest, taxes,...Read More
Afarak has warned it expects to report a loss for the first quarter of 2018, citing a 30% drop in the benchmark price for ferro-chrome, higher raw materials costs and the appreciation of the South African rand.The London and Helsinki-listed mining and metallurgical group, which operates the Mogale Alloys chrome operation in South Africa, expects to report negative earnings before interest, taxes,...Read More
Anthony Milewski, Chairman and CEO of Cobalt 27 Capital, at the company's cobalt warehouse in Rotterdam, the Netherlands. Photo courtesy Cobalt 27 Capital Corp.Cobalt 27 Capital Corp. [KBLT-TSXV, 270-FSE], owner of the world's largest stockpile of cobalt, said Monday May 7 that it has agreed to acquire a 1.5% gross revenue royalty on the Flemington cobalt-scandium-nickel project.The project is loc...Read More