Recent News

MINOR METALS MARKET REPORT 23/03: Indium prices weaken; manganese, magnesium move down

March 23, 2018 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for any price moves.Read More

MB NON-FERROUS PRICE CHANGES 23/03: Minor metals

March 23, 2018 / www.metalbulletin.com

The following Metal Bulletin minor metals prices changed on Friday March 23:Antimony MB free market regulus, $/tonne: $8,500-8,775 per tonne from $8,650-8,800 Antimony MMTA standard grade II, $/tonne: $8,500-8,675 per tonne from $8,550-8,750 Bismuth MB China domestic, yuan/tonne: 69,000-70,000 yuan per tonne from 70,500-71,000 yuan Cadmium MB free market min 99.95%, cents/lb: 155-160 per lb from 1...Read More

CHINA MINOR METALS MARKET REPORT 23/03: Indium, tellurium prices rise over 8%; selenium falls

March 23, 2018 / www.metalbulletin.com

An overview of China's minor metals markets in the week of March 19-23 and the reasons for any price moves.Read More

Chalco's Guangxi gallium plant to halt operations for planned maintenance [UPDATED]

March 23, 2018 / www.metalbulletin.com

Aluminum Corp of China's (Chalco) gallium plant in the Chinese province of Guangxi will suspend operations for planned maintenance in April to mid-May, market sources told Metal Bulletin."The stoppage [in Guangxi] is for normal facility maintenance and will remove three to four tonnes of gallium from the physical market [during the period]," according to one market source. Chalco, which is the lar...Read More

China AM: Ferrous futures sell-off as China-US trade tensions mount

March 23, 2018 / www.metalbulletin.com

Ferrous futures in China plunged during the morning trading session amid trade tensions between the country and the United States, with both announcing tariffs on each other's products.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,406 yuan per tonne, down 79 yuan per tonne May hot-rolled coil: 3,554 yuan per tonne, down 64 yuan per tonne Dalian Commodity Exchange...Read More

China's stainless steel prices fall further amid nickel losses, destocking pressure

March 23, 2018 / www.metalbulletin.com

Domestic stainless steel prices in China remained in a downward trend over the past week amid a softening nickel market.Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,300-15,100 yuan ($2,259-2,386) per tonne including VAT for the week ended Thursday March 22, down 200 yuan per tonne from a week earlier....Read More

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 23/03

March 23, 2018 / www.metalbulletin.com

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday March 23:Aluminium scrap Floated Frag: ?,?1,270-1,290 per tonne from ?,?1,270-1,300 Cast:...Read More

Condor Gold raises ?2.5 million as 2017 loss narrows

March 23, 2018 / www.mining.com

Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More

Companies now looking for electric battery metals in the garbage

March 23, 2018 / www.mining.com

Soaring cobalt and lithium prices are not just spurring an exploration frenzy as more and more companies want a piece of the attractive batteries metals pie, but they are also pushing some companies to look for them where others have not.Australian Neometals (ASX:NMT), which is building a plant to recover raw materials including lithium, cobalt, nickel and copper from expired batteries in Canada,...Read More

Royal blue diamond goes on sale

March 23, 2018 / www.mining.com

A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More

Liebherr to invest $45 million expanding footprint in US mining sector

March 23, 2018 / www.mining.com

Heavy equipment maker Liebherr's goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia, US.The family-owned machinery maker, which has been manufacturing and operating in Newport News for over 48 years, said it's planning to start...Read More

Eldorado down on Q4 loss

March 23, 2018 / www.mining.com

Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Ki??lada??, Lamaque and Skouries mines.In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales...Read More

Glencore Faces Off Against Labor Group on Congo Mine Conditions - by Thomas Wilson (Bloomberg News - March 23, 2018)

March 23, 2018 / republicofmining.com

https://www.bloomberg.com/Commodity giant Glencore Plc defended working conditions at its mines in the Democratic Republic of Congo after an international labor federation said its employees are poorly treated and underpaid.The spat with Geneva-based IndustriALL, a global union federation that says it represents more than 50 million workers in 140 countries, comes as some of the world's biggest co...Read More

A Deflationary Collapse is Upon Us - Karl Denninger

March 23, 2018 / marketsanity.com

TOPICS IN THIS INTERVIEW:01:05 Overview of the treasury market06:15 The next move for the FED09:55 Assessment of Trump's first year14:10 Healthcare and the looming crisis ahead19:55 Are cryptocurrencies the future or mere speculation?Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. H...Read More

Peter Schiff: Will Gold Breakout as Stocks Breakdown?

March 23, 2018 / marketsanity.com

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

Can we avoid another financial crisis? Steve Keen weighs in...

March 23, 2018 / marketsanity.com

Steve Keen is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. Keen was formerly an associate professor of economics at University of Western Sydney, until he applied for voluntary redundancy in 2013, due to the closure of the economics program at the universi...Read More

Free Speech on the Internet May Have just Ended

March 23, 2018 / marketsanity.com

Many people have called for an "internet bill of rights" and other have highlighted how problematic defamation is but perhaps one of the more important issues facing online free speech is the erosion of Section 230 which provides "Safe harbor" protections for social media networks and online platforms.Read More

John Mauldin: Squares, FAANGs, and Stock Valuations

March 23, 2018 / marketsanity.com

Valuing a stock isn't hard. Each share is worth exactly as much as a buyer offers you when you try to sell. Quite simple. But of course, there's more to it.Continue...Read More

BROKEN PROMISE: Trump, GOP Congress Give Planned Parenthood $500 Million In Taxpayer Funds

March 23, 2018 / marketsanity.com

"It continues to fund Planned Parenthood, a corrupt organization whose horrifying abortion practices should preclude it from receiving taxpayer dollars," Ted Cruz said.Continue...Read More

What Will Happen To Your Assets When You Die?

March 23, 2018 / marketsanity.com

The reasons to create both a will & a living trustIn the same vein of our recent "news you can use" articles on umbrella insurance and the TreasuryDirect program, today we focus on two important Continue...Read More

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