Alumina prices soared on Friday April 13, and Metal Bulletin's benchmark alumina index set an all-time high, while the market reacted to the effect of sanctions on UC Rusal. Metal Bulletin's daily fob Australia alumina index settled at $556.67 per tonne on April 13, up 16.7% compared with the previous day's calculation, and the highest number recorded since the index launched in August 2010.The US...Read More
European aluminium premiums had a record day Friday April 13, with market a return to full market liquidity one week after the United States Treasury sanctioned Russian company UC Rusal, the world's second-biggest aluminium supplier.A surge in liquidity and a continued scramble for non-Rusal material helped to push the Rotterdam duty-unpaid in-warehouse aluminium premium up by 20% to $125-140 per...Read More
Aluminium on the London Metal Exchange closed lower to end the week's trading on Friday April 13, after a record-breaking week that resulted in a six-year high and 9% price increase. The light metal's volumes recorded over 30,000 lots throughout the week, despite the price dropping 1.7% at the close of trading today. "Aluminium prices continue to push higher while the market scrambles t...Read More
The threat of further manganese ore price falls, from recent highs, is boosting activity in Chinese ports because some buyers are avoiding seaborne cargoes amid high costs for payment terms and facilitation, and fears of material devaluing on water, market sources told Metal Bulletin. Manganese ore prices rose sharply between late 2017 and March this year, prompting a backlash from consumers in Ch...Read More
Alumina prices soared on Friday April 13, and Metal Bulletin's benchmark alumina index set an all-time high, while the market reacted to the effect of sanctions on UC Rusal. Metal Bulletin's daily fob Australia alumina index settled at $556.67 per tonne on April 13, up 16.7% compared with the previous day's calculation, and the highest number recorded since the index launched in August 2010.The US...Read More
Lead recycler Recylex swung into profit in 2017, reporting net earnings of ?,?18 million ($22.2 million) thanks to soaring metal prices and higher output, the company said on Friday April 13.That compared with the annual loss of ?,?10.1 million in 2016, when the company was heavily affected by a fine imposed by the European Commission as a penalty for taking part in a price-fixing cartel."While th...Read More
K92 Mining Inc. (TSXV:KNT), a junior miner, moved up after announcing Q1 gold and copper production at its Kainantu Gold MineSean Mason | April 13, 2018 | SmallCapPowerCopper and gold production caught the eyes of more than a few junior miner speculators Friday. Here's some small stocks making big moves on Friday, April 13, 2018 (as of 4 pm EST):K92 Mining Inc. (TSXV:KNT) shares continued to mo...Read More
Nemaska adds US$150 million streaming component to lithium planNemaska Lithium Inc. [NMX-TSX, NMKEF-OTCQX, NOT-FSE] entered into a US$150 million streaming agreement with Orion Mine Finance LP as part of a large plan to fund a proposed lithium mine in Quebec.The move comes just two weeks after the company announced the components of a plan to raise between US$775 million and US$825 million to fund...Read More
Rio Tinto is declaring force majeure on some of its contracts after reviewing its arrangements with UC Rusal in light of US sanctions on the Russian aluminium producer. "As a result of the imposition of these sanctions, Rio Tinto is in the process of declaring force majeure on certain contracts and is working with its customers to minimize any disruption in supplies," Rio...Read More
Dundee's Chelopech gold mine in central-western Bulgaria. Source: Dundee Precious Metals Inc.Dundee Precious Metals Inc. [DPM-TSX] on Friday April 13 announced its mine and smelter production results for the three months ended March 31, 2018.Highlights included better than expected production from the Chelopech Mine which is located in central-western Bulgaria approximately 70 km east of Sofia, th...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
When Chris Klock was 10 years old, his parents took him to the Statue of Liberty. After climbing halfway up the interior stairs, he stopped at a lookout point to see the New York City skyline. "It just terrified me. I turned around and walked right down the steps," Klock said. It was the first time he could remember being overwhelmed by acrophobia, or, the fear of heights, which afflicts an estima...Read More
The Hydropothecary Corporation (TSXV:THCX) estimates the total volume to be supplied over the five-year term of the agreement could exceed 203,950 kgSmallCapPower | April 13, 2018: The Hydropothecary Corporation (TSXV:THCX) Wednesday announced that it has signed a commercial agreement with the Soci?(C)t?(C) des alcools du Qu?(C)bec (SAQ) for supplying of cannabis products for the Quebec market for...Read More
A gold pour from the past-producing Hammerdown Mine on the Maritime Resources Green Bay property, Newfoundland. Source: Maritime Resources Corp.Anaconda Mining Inc. [ANX-TSX; ANXGD-OTC] said Friday April 13 it has launched a formal offer to acquire all of the issues and outstanding shares of Maritime Resources Corp. [MAE-TSXV], together with associated rights issued under Maritime's shareholders r...Read More
An overview of China's minor metals markets in the week of April 9-13 and the reasons for any price moves.Read More
The gold stocks on our list today have vastly outperformed their peersSmallCapPower | April 13, 2018: Gold prices have spiked over the past week, increasing from US$1325/oz to US$1355/oz, likely driven by concerns over a potential U.S. military intervention in Syria. Today we have identified five gold stocks that have significantly outperformed their peers, increasing an average of 19% over the pa...Read More
The social justice warrior movement is moving from bad to worse. And today, it has all the characteristics of a cult:A zealous commitment to its leadersAn elitist attitude, claiming an exalted status for itself, its leaders, and its membersA philosophy that discourages questioning, doubt, and dissentAn attempt to strip individuals of personal identityA polarized "us vs. them" mentalityA recruitme...Read More
Canopy Growth Corporation (TSX:WEED) continues to expand and partner, aiming to be a global cannabis leaderSmallCapPower | April 13, 2018: Canopy Growth Corporation (TSX:WEED), through its subsidiaries, produces and sells medical cannabis in Canada under several brand names, including Tweed, Spectrum Cannabis, Bedrocan, and Mettrum. Headquartered in Ontario, the Company has an early-mover advantag...Read More
European secondary aluminium prices have risen for the first time in over two months following a week of market unrest, limited availability and strong London Metal Exchange prices. Metal Bulletin's assessment of secondary aluminium 226 diecasting ingot prices climbed to ?,?1,770-1,810 ($2,184-2,233) per tonne on Friday April 13, up from ?,?1,740-1,790 per tonne on April 6. "This has been the...Read More
Thunder Bay, Ontario - April 13, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to provide an update on the Company's ongoing activities on the Great Northern Peninsula in Northern Newfoundland and Ontario. The Company has acquired two large land positions, the GNP and Cape Eagle projects, both being hosted in a black sha...Read More