Base metals prices on the London Metal Exchange were for the most part little changed on the morning of Thursday May 3, with copper prices up just 0.1% at $6,825 per tonne. The exceptions were zinc prices, which were down 1% at $3,080 per tonne and lead prices that were up 0.5% at $2,290 per tonne. Volume on the LME has been average, with 6,196 lots traded as of 07:02 am London time. This follows...Read More

Vancouver, British Columbia, Canada – Canada Zinc Metals Corp. (the “Company”, TSX Venture Exchange: CZX) is pleased to announce that the Company will change its name from “Canada Zinc Metals Corp.” to “ZincX Resources Corp.” and will commence trading on the TSX Venture Exchange under the new name and the new stock symbol “ZNX” beginning Monday...Read More

SHANGHAI, May 3 (SMM) –Copper: As the US dollar index rebounded to a fresh high, LME copper traded rangebound overnight and SHFE copper’s trading range fell slightly. We expect LME copper to trade at $6,770-6,820/mt today with the SHFE 1806 contract at 50,800-51,200 yuan/mt. In the physical market, offers are stabilising as futures consolidate. Spot discounts are seen at 60-20 yuan/mt....Read More

SHANGHAI, May 3 (SMM) – An inflow of imported zinc is likely to weigh on domestic prices after the arbitrage window opened in May.Several factors contributing to the opening of the arbitrage window include a delivery of 56,500 mt into LME warehouses last month, a declining social inventory in China amid the high season, and the value-added tax (VAT) cut in China. This has led the SHFE/LME pr...Read More

SHANGHAI, May 3 (SMM) – Nonferrous metals futures mostly inched up except for zinc on Thursday May 3. SHFE aluminium rose nearly 1%, while copper, lead, nickel, and tin went up slightly.The ferrous complex also rose for the most part. Coke gained over 1.5%, coking coal and iron ore grew more than 1%. Hot-rolled coil fell nearly 1%, and rebar edged down.Aluminium: As LME aluminium g...Read More

They are a mix of mainly contract miners and drillers, and engineers with primary exposure to brownfields capital expenditure (see table below).Read More

SHANGHAI, May 3 (SMM) –Copper: As the US dollar index rebounded to a fresh high, LME copper traded rangebound overnight and SHFE copper’s trading range fell slightly. We expect LME copper to trade at $6,770-6,820/mt today with the SHFE 1806 contract at 50,800-51,200 yuan/mt. In the physical market, offers are stabilising as futures consolidate. Spot discounts are seen at 60-20 yuan/mt....Read More

SHANGHAI, May 3 (SMM) – Spot copper in the Shanghai market was offered at a discount of 50-10 yuan/mt against the SHFE 1805 contract on the morning of Thursday May 3, SMM learned.This is down from a discount of 20 yuan/mt to a premium of 20 yuan/mt in the previous morning. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our re...Read More

CALGARY, Alberta, May 03, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $1,200,000 in gross proceeds (the “Offering”).  The Offering will consist of...Read More

A smart home monitoring system designed to be noninvasive, cost-effective and cause no permanent damage to install was awarded first place in the College of Engineering and Computational Sciences' Spring Capstone Design Showcase on April 26. Team Smart Wire's system utilizes a suite of sensors to monitor the state of rooms - infrared motion sensors, light sensors and temperature sensors - inste...Read More

SHANGHAI, May 3 (SMM) –Copper: As the US dollar index rebounded to a fresh high, LME copper traded rangebound overnight and SHFE copper’s trading range fell slightly. We expect LME copper to trade at $6,770-6,820/mt today with the SHFE 1806 contract at 50,800-51,200 yuan/mt. In the physical market, offers are stabilising as futures consolidate. Spot discounts are seen at 60-20 yuan/mt....Read More

It said Thursday that coal stockpiles across all its coal-fired power stations were at an average of 35 days, excluding Medupi and Kusile, which were still under construction.Stakeholders have been concerned about possible load shedding after the utility announced last week that seven of its power stations had coal stock levels of less than 20 days.The country faced rolling blackouts in 2008, but...Read More

The deal signed between state mining firm Geominera and Millbrook Minerals, a private Canadian company, covers the Los Pasos project in central Cuba's Villa Clara province.Read More

The miner announced the strike at its La Arena mine on April 22, saying the union that represented about two-thirds of the 700-member workforce wanted a guarantee payment rather than profit sharing as per Peruvian law.Read More

Its own-source copper production rose 7% year-on-year to 345,400 tonnes after the first phase of Katanga's whole ore leach project was commissioned in December, although this was partly offset by maintenance at the Mount Isa smelter and Alumbrera's decline as the end its mine life gets closer.Read More

Export prices for pig iron from the Commonwealth of Independent States have weakened again because of low demand in key markets, sources have told Metal Bulletin.Trading activity was also affected by May Day public holidays in Europe and the CIS region.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region was $365-385 per tonne fob Black Sea on Thursday May 3, na...Read More

One of my big goals with the Rich Life Roadmap is helping you become a more knowledgeable investor.So today I’d like to tell you about four stock market terms that are often cited, but rarely explained properly, even by investment experts and the financial press...Misunderstood Term #1:“Market Breadth”Market breadth is a measure of how many companies in a particular index have go...Read More

Its shares fell from the US$19 mark last week to hover around $15, closing up slightly yesterday after CIBC upgraded its shares from neutral to outperform.Bloomberg reported CIBC said the market was not ascribing any value for Freeport's majority-owned Grasberg mine in Indonesia, where negotiations continue over a new license and operating terms and the company's 51% divestment.Freeport revealed i...Read More

Base metals on the London Metal Exchange were mostly lower at the close of trading on Thursday May 3, with zinc breaking below $3,000 per tonne and diving to its lowest point since August 2017. Zinc kept steady early in the day but took a 1.3% drop prior to the close after spending much of the week consolidating around the $3,050-$3,100-per-tonne mark.A delivery of more than 60,000 tonnes was ship...Read More

Let me shed some light on where the greatest stock market returns are generated.Over the last 90 years, the market’s smallest stocks with market caps averaging just $114 million have been the best performers with an incredible 17.45% annualized rate of return.Compare this to the market’s largest stocks, with an average market cap of $88 billion, that have returned just 9.21% annually.T...Read More