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