Recent News

METALS MORNING VIEW 01/03: Metals prices consolidate, albeit on a back footing

March 01, 2018 / www.metalbulletin.com

Base metals traded on the London Metal Exchange are for the most part consolidating after recent weakness, the exceptions are aluminium prices that are up by 0.7% at $2,147 per tonne and lead prices that are down by 0.5% at $2,490 per tonne. The rest are little changed, with copper prices recently quoted at $6,943 per tonne.Volume has been average with 8,708 lots traded as of 07.12 am London time....Read More

TRADE CASE MONITOR: Around the world in February 2018

March 01, 2018 / www.metalbulletin.com

As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in February 2018.The case list below includes only updates. For other continuing cases this year, see the update for January.1.HDG.2.Stainless coil, sheet. 3.OCTG. 4.Welded pipe. 5.Cold-rolled, coated flat-rolled steel. Read More

East Asian stainless steel prices up on tighter supply, costlier nickel

March 01, 2018 / www.metalbulletin.com

Robust nickel prices and fewer firm offers pushed prices up in East Asia's stainless steel markets over the past week despite weak demand.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm cold-rolled coil was $2,250-2,330 per tonne cif East Asian ports for the week ended Wednesday February 28, widening upward by $10 per tonne from a week earlier.Metal Bulletin's assessment of p...Read More

JV Article: Cobalt 27 Provides Unique Exposure to Technology Markets

March 01, 2018 / www.northernminer.com

Cobalt 27 Capital Corp. (TSXV: KBLT; US: CBLLF; FRA: 270) is riding a wave of burgeoning market interest in electric vehicles (EVs) and grid-storage technology.In June of 2017, the company completed the single largest initial public offering in Canada since 2012, raising over $200-million in equity financing and signaling to Canadian and international capital markets the beginning of a large and f...Read More

JV Article: Braveheart Aims to Restart Alpine Gold Mine in BC

March 01, 2018 / www.northernminer.com

Braveheart Resources Inc. (TSXV: BHT) is pursuing an ambitious three year exploration and development plan for its 100% owned Alpine Mine gold project, 20 km northeast of Nelson in southeastern British Columbia. The Company intends to carry out bulk sampling and additional drilling this year as it looks to expand on the resource estimate it tabled in early January.In the 1930s and '40s, governmen...Read More

SQM talks down lithium oversupply, says market to grow 80% a year

March 01, 2018 / www.mining.com

Chile's Chemical and Mining Society (SQM), one of the world's largest lithium producer, said global demand for the white metal, a key ingredient in the making of batteries that power electric vehicles, will continue to grow at rate of roughly 80% annually in the next five years.According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a yea...Read More

Stellar Diamonds Sierra Leone project takes key step forward

March 01, 2018 / www.mining.com

Africa-focused Stellar Diamonds (LON:STEL) said Wednesday it had finalized its tribute agreement and revenue share with junior Octea Mining for the Tongo-Tonguma diamond project in eastern Sierra Leone.The deal, which allows for mining the combined and contiguous Tongo and Tonguma concessions, is expected to create one of the largest diamond mines in West Africa."The closure of the agreements with...Read More

FLSmidth now the official owner of Sandvik Mining Systems

March 01, 2018 / www.mining.com

Denmark's FLSmidth completed Wednesday the acquisition of Sandvik's Mining Systems unit with the transfer of the assets in South Africa, which were awaiting merger control clearanceWith the deal, FLSmidth has taken over the Swedish equipment and tool manufacturer's continuous surface mining and minerals handling technologies, which strengthen the company's core minerals business, it said in a sta...Read More

Anglo American concludes sale of three coal mines in South Africa

March 01, 2018 / www.mining.com

Anglo American (LON:AAL) has completed the sale of three Eskom-tied thermal coal operations in South Africa to Seriti Resources, a group of black-controlled companies for R2.3 billion (about $164 million).The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects, which supply about 24 million tonnes a year of coal to Eskom Holdings' Lethabo, Tu...Read More

Aussie company signs agreement with Argentinian province over lithium assets

March 01, 2018 / www.mining.com

Sydney-based Lake Resources (ASX:LKE) announced today that it has signed an agreement with the Argentinian province of Jujuy to confirm the company's tenure of ~45,000 hectares of mining leases that cover the Olaroz - Cauchari Lithium Brine Project and the Paso Lithium Brine Project."The applications adjoin the production leases owned by Orocobre and SQM/Lithium Americas and have the potential to...Read More

Mexican election to pose limited risks to positive mining outlook: BMI

March 01, 2018 / www.mining.com

A new report by BMI Research states that a possible victory by frontrunner presidential candidate Andr?(C)s Manuel L??pez Obrador poses "minimal downside risks to an otherwise strong outlook" for Mexico's mining industry.According to the market research firm, the populist candidate's policy goals would indeed represent a major shift from the current administration and that is why they have stoked...Read More

Saskatchewan company expands in Ontario

March 01, 2018 / www.mining.com

GFG Resources (TSX-V:GFG) announced today that it has completed the acquisition of Rapier Gold.In a press release, the company explained that the buy-out was an integral part of its plans to consolidate a piece of land west of the gold mining district of Timmins, Ontario. With this addition, GFG now controls 565 square kilometres of gold assets in the eastern Canadian province.The consolidated lan...Read More

Trump says U.S. to impose steep tariffs on steel, aluminum imports - by Steve Holland and Ginger Gibson (Reuters U.S. - March 1, 2018)

March 01, 2018 / republicofmining.com

https://www.reuters.com/WASHINGTON (Reuters) – President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminum to protect U.S. producers, risking retaliation from major trade partners like China, Europe and neighboring Canada as well as helping to trigger a large selloff on Wall Street.Trump said the duties of 25 percent on steel and 10 percent on al...Read More

Hang On, Gold Interest is About To Renew - Sandstorm CEO

March 01, 2018 / www.kitco.com

Mar 02, 2018 Guest(s): Nolan Watson The prospect of higher economic stress, followed by more equity volatility may prompt investors to reconsider buying back into gold, said Nolan Watson, CEO of Sandstorm Gold."About a month ago, when the stock market went crazy and the VIX blew up...and it sort of hinted that the global economic system, with record debt levels, is starting to show signs of not...Read More

BMO Maintains $1,280 Price Target For Gold; Interest Diverted To Industrial Metals

March 01, 2018 / www.kitco.com

Mar 02, 2018 Guest(s): Andrew Kaip Managing Director, Precious Metals, BMO Capital Markets A lot of investor interest in the mining space is currently diverted into the industrial metals, while interest in the precious metals space is very tepid, said Andrew Kaip, Managing Director of Precious Metals at BMO Capital Markets.This interest in industrial metals comes as President Trump has recently...Read More

"Focus Was Never On Building An Empire" - Agnico Eagle CEO

March 01, 2018 / www.kitco.com

Mar 02, 2018 Guest(s): Sean Boyd CEO, Agnico Eagle Agnico Eagle's company mission has never been to compete with the largest major miners in the world in terms of size, but rather, to drive per share value, said Sean Boyd, the miner's CEO. Agnico Eagle posted record production and reserve numbers in 2017, and aims to continue growing production by 30% from 2018 to 2020, leveraging their Nunavut...Read More

Lior Gantz on Bitcoin, Altcoins and the PMs

March 01, 2018 / marketsanity.com

Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More

Danielle DiMartino Booth Reacts to Trump's Tariffs & Bond Market Price Action

March 01, 2018 / marketsanity.com

Stocks plunge after President Trump sets tariffs on steel and aluminum imports. Former Dallas Fed advisor Danielle DiMartino Booth says the market gyrated on confusion.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic...Read More

Gerald Celente - Trump Rally Ending Soon

March 01, 2018 / marketsanity.com

Gerald Celente of The Trends Journal observes that interest rates are going up and this could mean that stocks, housing, and economies could be going down. Debt keeps going up and how much longer can the world continue on? The world cannot take higher rates. The party is ending. In February markets starting going down and it was attributed to rising wages. However, when we look behind the headline...Read More

'NSA-proof' Tor browser is actually funded by US govt, works with BBG, FBI & DOJ

March 01, 2018 / marketsanity.com

You might be wondering why the US government would fund a tool that limited its own power? The answer is that Tor didn't weaken American power. It enhanced it.Continue...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok