Metal Bulletin is hosting a free web seminar on Thursday April 5 at 9am London time to discuss the key drivers of the battery raw materials markets, including substitution risk, electric vehicle policy, and supply of lithium, nickel and cobalt. Date Thursday April 5 Time 9am London time Join members of our global battery raw materials team as they discuss: - EV subsidies and government policy in C...Read More
You've never heard of Executive Order 13817.Don't feel too bad; you're not the only one who's been distracted by a news cycle that is measured in minutes.Between the tweets, the protests, and biting your fingernails on which direction the market is going to go today...What everyone missed was a fly-by-night order that Trump hurriedly signed on December 20, 2017.And it was buried under the fiery rh...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Vancouver, British Columbia - April 4, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), ("Altamira" or the "Company") is pleased to report that the Company has claimed significant additional ground within the Juruena belt in Mato Grosso, Brazil. These new claims total 52,378 hectares and have increased the Company's strategic land p...Read More
Turkish steel producers started their May bookings with mostly steady prices on Wednesday April 4.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 19,000 tonnes of HMS 1&2 (80:20) at $356 per tonne, 9,000 tonnes of HMS 1&2 (90:10) and 5,000 tonnes of shredded at $361 per tonne, and 5,000...Read More
Thunder Bay, Ontario - April 4, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has received the 2017 Bernie Schnieders Discovery of the Year Award, for the Bedivere Gold Project. Benton received the honour last night, awarded by the Northwestern Ontario Prospectors Association ("NWOPA") Awards Committe...Read More
Authoritarianism creeps in from seemingly unlikely places.Government officials will start with a premise that seems pretty legit.“Kids need to be protected. In order for parents and officials to protect them, kids can’t have full rights like adults.”As child labor, compulsory schooling, and other “protective” laws have accelerated over the last 100 years, the definiti...Read More
Vancouver, British Columbia - April 4, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Cornerstone Metals Inc.(TSXV: CCC) (OTCQB: CCCCF) (FSE: 1PY) ("Cornerstone" or the "Company") announces the results of 5 holes, DDC18-09 to DDC18-13, of the 20 hole confirmation diamond drilling program on its Carlin Vanadium Project, Nevada. The Carlin Vanadium Project is one of the largest, richest primary...Read More
Aluminium ingot ADC 12 export prices fell after China dealt a serious blow to the raw material market with a blanket 25% tariff on US aluminium scrap.The move by China has meant that more domestic producers are looking to tolling deals to avoid paying the 25% import tax. Under the tolling deals, Chinese secondary alloy producers can import raw materials such as aluminium scrap from overseas and pr...Read More
CloseGain/LossGold $1333.40+$1.70Silver$16.31-$0.11XAU80.84 -0.47%HUI 175.18-0.37%GDM 610.01-0.63%JSE Gold1093.05-11.82USD90.13-0.09Euro122.86+0.20Yen93.67-0.17Oil$63.37-$0.1410-Year2.806%+0.021T-Bond145.50-0.21875Dow24264.30 +0.96%Nasdaq 7042.11+1.45%S&P 2644.69+1.16% The Metals: Gold gained $16.40 to $1348.10 at about 9AM EST before it slid...Read More
Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More
The comments above & below is an edited and abridged synopsis of an article by David StockmanSan Francisco Fed chief John Williams may be named president of the New York Fed, which runs the casinos domiciled in the canyons of Wall Street.Dr. Williams is a proponent of the 'Neutral Rate of Interest.' He wants to run the entire $19.7 trillion US economy on the basis of it. But the most important pri...Read More
Is this the big collapse we've been waiting for? Only time will tell us for sure, but there are significant pattern shifts occurring that could be warning of danger ahead. Today, volatility is back as markets struggle to find firm footing.Listening to Wall Street, this is a buying opportunity. But financial elites are not buying so who is? According to a CNBC "All America Survey", mom and pop hold...Read More
By Ira EpsteinGold refuses to breakout and/or hold onto large intraday rallies. Not a good sign.https://www.iraepstein.com/ Read More
Comex copper prices dropped nearly 2% on Wednesday April 4 amid growing fears of a possible trade war between the United States and China following a fresh round of tariffs issued by both countries. Copper for May settlement on the Comex division of the New York Mercantile Exchange tumbled 5.90 cents or 1.9% to $3.0045 per lb. Over the past few weeks, tensions between China and the US have escalat...Read More
The comments above & below is an edited and abridged synopsis of an article by Tyler DurdenHeadlines proclaim that US housing is fixed, as pending home sales jumped 3.1% month-over-month in February (a better-than-expected 2% gain), rebounding from a downwardly revised January collapse of 5%.Bloomberg notes that while the month-over-month gain shows demand for housing is still getting support from...Read More
A Monday Morning Musing from Mickey the Mercenary GeologistApril 2, 2018 Junior resource sector speculators are often subjected to this or that company's insiders and promoters informing us in no uncertain terms that this or that country, department, prefecture, province, state, or territory is the "fill-in-the-blank"-best jurisdiction in the world for mining investment. Of course, the promoti...Read More
The comments above & below is an edited and abridged synopsis of an article by Tyler DurdenAll the FANG stocks are notably lower, with Amazon crashing over 6% (the worst drop since February 2016); it has broken below its 50-day moving average.According to anonymous sources, Trump has allegedly talked about changing Amazon's tax treatment, because he's worried about mom-and-pop retailers being put...Read More
Part 1 (parts 2 & 3 below)Part 2Part 3 ?>>?Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of...Read More
Base metals prices on the London Metal Exchange are down by an average of 0.4% this morning, Wednesday April 4. Tin is the only metal showing any gains, while the rest are down between 0.4% and 0.7%, with copper off by 0.4% at $6,783 per tonne.Volume has been average with 7,996 lots traded as of 07.36am London time. This follows a general day of gains on Tuesday when the complex closed with averag...Read More