Recent News

Silver facing heavy resistance, outcome different this time?

April 23, 2018 / kimblechartingsolutions.com

CLICK ON CHART TO ENLARGESince early 2016, Silver looks to be a narrowing pennant pattern, highlighted by a series of higher lows and lower highs. These patterns tend to frustrate both bulls and bears, as it range narrows and trends are non-existent.Silver in the past three weeks has rallied off support, where it is now touching the underside of falling resistance at (1).Since July of 2016, Silver...Read More

Inflation, With a Shelf Life

April 23, 2018 / news.goldseek.com

By Gary TanashianFor the last few weeks we've used the conditions noted in the graphic below as a guide. Well, the 'inflation trade' (IT) popped last week and that included cyclical metals (as well as silver) ramming upward vs. gold and TIP rising vs. TLT & IEF.As for credit conditions, there is little imminently raising caution flags as commercial lending and risk taking (as indicated by high y...Read More

A dramatic upward reversal in US monetary inflation

April 23, 2018 / marketsanity.com

In February of this year the year-over-year rate of growth in the US True Money Supply, a.k.a. the US monetary inflation rate, Continue...Read More

EU safeguard probe not intended to close the market, Eurofer says

April 23, 2018 / www.metalbulletin.com

The trade safeguard measures that are being investigated by the EU are intended to maintain established import flows, not to close the European market to imports, regional steel association Eurofer said on Monday April 23.The European Commission (EC) started a safeguard investigation into 26 steel products on March 26 with the aim of shielding the region's steel industries from the effects of a po...Read More

Nicaragua Protests Over the Collapse of Social Security

April 23, 2018 / marketsanity.com

At least 10 people have died in Nicaragua during this week's violent protests over the government's planned changes to the social security system. Nicaraguans began Continue...Read More

Connemara moves forward with Stonepark, Mine River...

April 23, 2018 / www.mining-journal.com

Connemara CEO Patrick Cullen told Mining Journal the announcement of a NI 43-101-compliant maiden inferred resource estimate at Stonepark in Limerick, Ireland, last week was exciting, as the project was now progressing with a new partner in Group Eleven Resources which had a new mindset and new ideas.Read More

Australia to review anti-dumping measures on Thailand-origin rebar

April 23, 2018 / www.metalbulletin.com

The Australian Anti-Dumping Commission (AADC) has started an accelerated review of anti-dumping measures imposed on rebar imported from Thailand.The review into the tariffs - which were originally imposed in November 2017 and apply to rebar in diameters up to 50mm, regardless of grade, alloy content or coating - follows a request from Tata Steel Thailand subsidiaries...Read More

Bacanora adds CEO to the board

April 23, 2018 / www.mining-journal.com

He has been CEO since May 19, 2015 and has over 35 years' experience in developing, constructin and operating mines, including lithium projects.Prior to joining Bacanora, he was CEO of Canada Lithium Corp when the company was developing the Quebec lithium project.  Bacanora aims to start construction of its flagship Sonora lithium project in northern Mexico in the first half of 2018, with pro...Read More

Westwater Resources Completes Acquisition of Alabama Graphite

April 23, 2018 / www.westwaterresources.net

CENTENNIAL, Colo., April 23, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) ("WWR" or the "Company"), an energy materials exploration and development company, announced today that its acquisition of Alabama Graphite Corp. ("AGC") is complete. Important actions going forward are:The Company is advancing plans to produce advanced battery materials on a pilot scale during 2019.The Company is workin...Read More

SMM Evening Comments (Apr 23)

April 23, 2018 / news.metal.com

SHANGHAI, Apr 23 (SMM) – Nonferrous metals saw mixed trading on Monday April 23. SHFE lead rose over 1% and copper gained close to 1%. Zinc and aluminium edged up slightly. Nickel and tin dipped.The ferrous complex performed strongly across the board. Coke led with a gain of 3.87%, hot-rolled coil, coking coal and iron ore climbed over 2%. Rebar rose close to 2%.Copper: As investors added th...Read More

Long Steel Products Trade Log, April 23, 2018

April 23, 2018 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More

Second Atalaya project's PFS promise

April 23, 2018 / www.mining-journal.com

The project is in Galicia, and was last a producing mine in the 1980s.Read More

China's imports of copper scrap in Mar down 38.5% on the year

April 23, 2018 / news.metal.com

SHANGHAI, Apr 23 (SMM) – China's imports of copper scrap in March shrank 38.5% on the year, according to data from China Customs. This brought the overall copper scrap imports for the first quarter of the year down almost 40%.With the Chinese New Year holiday in February, copper scrap imports for March grew 69.5% month on month.Imports of metal scrap in Marc...Read More

Trans Hex Sells Idle Mines

April 23, 2018 / www.diamonds.net

RAPAPORT... South Africa-based diamond producer Trans Hex is selling two of its Lower Orange River mines that it withdrew from production.  Lower Orange River Diamonds, a black-woman-owned company, hasagreed to buy the assets, which consist of the Baken and Bloeddrif mines, for $5.9 million (ZAR 72 million), Trans Hex said last week. Neither of the mines is currently inoperation: Trans Hex p...Read More

ISRI: Four ferrous scrap talking points from US recycling conference

April 23, 2018 / www.metalbulletin.com

The annual convention of the Institute of Scrap Recycling Industries (ISRI) made its biennial visit to the lights and glamour of Las Vegas, in the US state of Nevada, from Saturday April 14 until Thursday April 19.There were all the signs of a boom period for the steel industry at the event, with the exhibition hall of the city's Mandalay Bay Hotel packed with displays of the latest technology and...Read More

More Than 1,000 Visitors Attending First Bharat Diamond Week Show

April 23, 2018 / www.idexonline.com

(IDEX Online) - More than 1,000 visitors from India and across the world are taking part in the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, which opened today. The Bharat Diamond Week was officially opened by the US Consul General in Mumbai, His Excellency Mr Edgard D. Kagan. BDB ended registration five days ago due to the widespread interest in the show, which runs fr...Read More

Data: SHFE, DCE market movement (Apr 23)

April 23, 2018 / news.metal.com

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Podcast: Are Trade Shows Dead?

April 23, 2018 / www.diamonds.net

RAPAPORT... With JCK Las Vegas approaching, the Rapaport Diamond Podcastlooks at the future of industry fairs. In the latestepisode, available now, the Rapaport editorial team examines the changinglandscape of trade shows, analyzing how organizers are making the events morefocused and more attractive to companies. The podcast also features an interview with Stanley Zale,vice president of diamond...Read More

DAILY SCRAP REPORT: Prices unchanged as Turkey takes national holiday

April 23, 2018 / www.metalbulletin.com

The Turkish deep-sea scrap market remained quiet on Monday April 23 because of a national holiday in the country.The Turkish market was closed while the country celebrated National Sovereignty Day and Children's Day.Due to the lack of fresh deep-sea transactions, the daily scrap indices...Read More

ALROSA Opens Office in Bharat Diamond Bourse, Aims to Strengthen Ties With India

April 23, 2018 / www.idexonline.com

(IDEX Online) - ALROSA has opened a representative office in the Bharat Diamond Bourse in Mumbai.   The opening was attended by Russel Mehta, Advisor to the Chairman and Member of the Board of the Gem & Jewellery Export Promotion Council of India (GJEPC), Anoop Mehta, the President of the Bharat Diamond Bourse (BDB), and Mehul Shah, Vice-President of the Bharat Diamond Bourse.   ALRO...Read More

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