An overview of the minor metals markets and the reasons for any price moves.Read More
Chinese cobalt producer GEM posted a strong net profit in 2017 against a backdrop of robust sales of battery materials and higher cobalt prices, according to the company's preliminary earnings report released on Tuesday February 27.The Shenzhen-listed company achieved a net profit of 602.8 million yuan ($95.5 million) last year, an increase of more than 125% from the 263.7 million yuan profit post...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday February 28:Aluminium ingot LM6/LM25 gravity diecasting ingot, ?/tonne:...Read More
As we look back at the career so far of Sean Boyd - Agnico Eagle Mines' vice-chairman and CEO, and The Northern Miner's Mining Person of the Year for 2017 - the opening words of Rudyard Kipling's poem If come to mind: "If you can keep your head when all about you are losing theirs …"In the context of Boyd leading one of the world's great gold mining companies, "keeping your head" translates...Read More
The Samarco iron ore mine in Brazil is likely to resume operations before the end of the year or early 2019 Vale (NYSE:VALE) executives told investors on Wednesday.Samarco Mineracao - a Vale-BHP joint venture - ceased operations in November 2015 following a deadly tailings dam burst. At 30 million tonnes per year before the disaster Samarco's pelletizing operations supplied roughly one-fifth of th...Read More
Vancouver-based Secova Metals (TSXV: SEK) announced today that, with the acquisition of 1151640 B.C. Ltd, it has taken over 40 claims or approximately 2,186 hectares in eastern Quebec. The claims are contained within the Muskrat, Boudrais and Peribonka-Begin cobalt projects. Half of those claims, which comprise the Muskrat Cobalt project, are located in the Riviere aux Rats area of Quebec and are...Read More
Atlas Iron (ASX: AGO) announced today that, despite high discounts for lower grade iron ore, it is still on track to meet its fiscal 2017-2018 shipment volume and cost guidance,which management set last August in 9 million-10 million wet tonnes, having shipped 5.2 million wet tonnes in the first-half to December 2017.In a media statement issued Tuesday, Australia's fifth largest iron ore producer...Read More
http://www.cbc.ca/Education and cultural centres are top priorities for organizationThe Kivalliq Inuit Association (KIA) is planning how to invest anticipated mining royalties of up to $100 million.David Ningeongan, KIA president, said the organization now has $23 million in a variety of endowment and operating funds, but he said the association could earn $100 million in royalties over the next 1...Read More
Mar 01, 2018 Guest(s): Keith Neumeyer CEO, First Majestic Keith Neumeyer, CEO of First Majestic Silver, is sticking to his call that silver eventually will reach double digit prices. "Silver is extremely important, people look at it as the poor man's gold, which is the absolutely the wrong way to look at silver," Neumeyer said on the sidelines of the BMO Global Metals & Mining Conference. "S...Read More
Mar 01, 2018 Guest(s): Phil Baker CEO, Hecla Mining A lack of silver exploration in the last 30 years has caused silver production to reach a peak, said Phil Baker, CEO of Hecla Mining. "I would characterize it as having reached a peak level of silver production," Baker told Kitco News on the sidelines of the BMO Global Metals & Mining Conference. "There hasn't been an exploration, certainly...Read More
Mar 01, 2018 Guest(s): David Garofalo President and CEO, Goldcorp Blockchain technology will eventually be ubiquitous, like the internet is, and extend its applications from exclusively financial services to general merchandise and services, said David Garofalo, CEO of Goldcorp."[Blockchain] will drive out transaction costs, and also help track the provenance of our transactions, whether it's ou...Read More
Economists are supposed to monitor and analyze the economy, warn us if risks are getting out of hand, and advise us on how to make things runs more effectively - right? Well, even though that's what most people expect from economists, it's not at all how they see their role, warns CFA and and behavioral economist Daniel Nevins.Economists, he cautions, are modelers. They pursue academic lines of th...Read More
"I think we're on the verge of another round of debt deflation, with asset prices falling."Mike "Mish" Shedlock a registered investment advisor, representative for Sitka Pacific Capital Management and he operates one of the most popular websites about the economy and investing online: MISH'S Global Economic Trend Analysis.Read More
By Ira EpsteinMetals still show no inflationary pressures.https://www.iraepstein.com/ Read More
Google says they "accidentally" deleted conservative videos and channels in the wake of the debate over the high school shooting in Florida.Continue...Read More
Jason Burack of Wall St for Main St interviewed returning guest, former Chief of Staff for Congressman Ron Paul and current President of the Mises Institute https://www.mises.org/, Jeff Deist. Jeff also worked in the private sector as an attorney for private equity. During this interview, Jason asks Jeff about President Trump's first year in office and the positives and negatives Trump has done so...Read More
By Ira EpsteinMetals still show no inflationary pressures.https://www.iraepstein.com/ Read More
China's steel purchasing managers' index (PMI) fell into contraction territory in February after nine months of expansion.The index fell 1.4 points to 49.5 points in comparison with that for January, according to data released by the China Federation of Logistics & Purchasing (CFLP) on Wednesday February 28.Business activity in the steel industry thinned...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More
Although base metals are under pressure in the short term, we have a bullish bias to our 2018 price forecasts given the supportive background of solid global economic growth and the fact that all six base metal markets look set to be in fundamental deficit this year. But each has a slightly different supply-side story and this aspect should be the main differentiator. For example, zinc's narrative...Read More