The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold investment demand soars when...Read More
The stock markets have rocketed higher since Trump's election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold investment demand soars when...Read More
The UK government aims to maintain as many of the benefits the country has enjoyed from its membership of the European Atomic Energy Community since joining the EU and Euratom in 1973 through a "close and effective association" in the future, Greg Clark, secretary of state for business, energy and industrial strategy told Parliament yesterday. The UK will exit Euratom at the same time as withdrawi...Read More
The Californian Public Utilities Commission (CPUC) yesterday approved Pacific Gas & Electric's (PG&E) request to retire the state's only operating nuclear capacity - the two-unit Diablo Canyon nuclear power plant - by 2025.Diablo Canyon (Image: US Nuclear Regulatory Commission/PGE)PG&E in August 2016 filed its application to retire Diablo Canyon at the end of its current operating lice...Read More
Aluminium foundry alloy tags inched up slightly in Europe this week but stayed flat in the United States. Market participants presented varying pictures of demand around the globe - it was said to be good in general but stronger for heavier vehicles, particularly in the US.12-Jan-2018 ...Read More
Base metals prices on the London Metal Exchange closed the week on divergent paths today, Friday January 12, with aluminium leading the upside.The three-month aluminium price closed above $2,200 per tonne for the first time since the first trading day of the year. 16,000 tonnes of aluminium was freshly cancelled at LME-listed warehouses this morning, which supported prices. "Strong Chinese trade f...Read More
The rape and pillage of the blockchain name-change game took on a whole new dimension with Kodak (KODK) this week. KODK was on the way to its second bankruptcy filing this decade (first one was January 2012). On January 9th it announced that it implement a "major blockchain initiative. This "initiative" would use digital ledgers to help photographers license and get paid for their work. Th...Read More
China, the world's largest copper consuming country, imported 4.69 million tonnes of unwrought copper in 2017, down 5.7% from a year ago, according to the latest customs data.The amount of unwrought copper brought into the country in 2016 was 4.95 million tonnes. The drop stands in contrast to the rising domestic copper production. For the first ten months...Read More
ePower Metals (EPWR.V), the new name of Argus Metals (AML.V) has completed its fall exploration program at the Panther Creek cobalt project in Idaho a few weeks ago. This first exploration program was predominantly focusing on collecting (soil and rock) samples to pave the way for a drill program in 2018.A total of 811 samples 797 soil samples and 14 rock samples) were taken from the property and...Read More
China, the world's largest copper consuming country, imported 4.69 million tonnes of unwrought copper in 2017, down 5.7% from a year ago, according to the latest customs data.The amount of unwrought copper brought into the country in 2016 was 4.95 million tonnes. The drop stands in contrast to the rising domestic copper production. For the first ten months...Read More
Operations at Glencore's Pasar copper smelter in Philippines have been suspended since last week due to a technical failure, a source at the company confirmed to Metal Bulletin on Friday January 12. "There has been an equipment failure at the plant related to the cooler (and relevant controls have already kicked in) and operations have been suspended," the source said. It is not yet known when the...Read More
Aerial view of the past-producing Sterling Gold Mine in southwest Nevada. Source: Northern Empire Resources Corp.Toronto investment firm M Partners has named Northern Empire Resources Corp.'s [NM-TSXV, PSPGF-USOTC] as its top exploration pick for 2018.In a Mining New Year Review that was published on January 9, 2018, M Partners said it is recommending the stock amid expectations that Northern Empi...Read More
Shares of Radient Technologies Inc. (TSXV:RTI) have surged more than 340% in the past six months, hitting an all-time high of $2.28 on January 9SmallCapPower | January 12, 2018: Radient Technologies Inc. (TSXV:RTI) shares climbed 16% on Tuesday after the Company provided an update on its operations and 2018 growth initiatives. Along with corporate updates, Radient Technologies announced real estat...Read More
Map depicting the various mineral properties of Columbus Gold's spin-out company, Allegiant Gold Ltd. Source: Columbus Gold Corp.Columbus Gold Corp. [CGT-TSX, CBGDF-OTCQX] on Friday January 12 said it has taken another key step towards the planned spin-out of its Western United States exploration assets into a new company, Allegiant Gold Ltd. The company said it has obtained conditional approval f...Read More
Aluminium foundry alloy tags inched up slightly in Europe this week but stayed flat in the United States. Market participants presented varying pictures of demand around the globe - it was said to be good in general but stronger for heavier vehicles, particularly in the US.12-Jan-2018 ...Read More
The TerraX Minerals core shack in the Northwest Territories. Source: TerraX Minerals Inc.TerraX Minerals Inc. [TXR-TSXV, TRXXF-OTC Pink, TXO FSE] said Friday January 12 it has struck a deal to acquire the Ptarmigan Mine property near the City of Yellowknife in the Canadian Northwest Territories.Ptarmigan is one of a number of former mines that historically made the Yellowknife area a major centre...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices retreated on Friday, to around $78 per tonne, following weakness in China's steel market, and after the potential for supply disruptions as a result of a cyclone in Australia reduced significantly.Seaborne coking coal prices were firm at the end of the week, with fob Australia...Read More
Scrap prices in the world's major markets except the United States continued to strengthen in the week from Monday January 8 to Friday January 12 amid low supplies of material.Turkish steel mills resumed their deep-sea scrap bookings at the beginning of the week and have now booked three deep-sea cargoes from the Baltic Sea region.Turkey importsTurkish steel mills booked deep-sea cargoes from the...Read More
Cobalt 27 Capital Corp. (TSXV: KBLT; FSE: 27O) is a minerals company that offers pure-play exposure to cobalt, an integral element in key technologies of the electric vehicle and battery energy storage markets. The company holds physical cobalt and is also focused on growing a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt. We learned fr...Read More
Comex copper prices were lower on the morning of Friday January 12, with volumes small ahead of the US holiday weekend.Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped by 0.45 cents or 0.1% to trade recently at $3.2285 per lb. The trading range so far has been between $3.2180 and $3.2490 per oz."Copper is comfortably consolidating," Metal Bulletin analys...Read More