Recent News

Data: SHFE market movement (Jan 2)

January 02, 2017 / news.metal.com

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Report: Copper foil deficit widens to 15,000 mt in 2018

January 02, 2017 / news.metal.com

Copper foil price is set to go up further as global deficit of the raw material for lithium-ion battery is estimated to increase to 10% in 2018, according to information provider cableabc.com.Global supply of copper foil for lithium-ion battery is forecast to be 146,000 mt but demand stands at 161,000 mt. The deficit has widened from 90,000 mt of supply and 91,000 mt of demand in 2015.Higher coppe...Read More

Caixin manufacturing PMI sets four-month high at 51.5

January 02, 2017 / news.metal.com

The Caixin manufacturing purchasing managers' index (PM) hit 51.5 points in December, setting a new high in four months and beating the expectation at 50.7 points. It was also higher than November’s 50.8 points.A reading above 50 indicates expansion, while a reading below that signals contraction. The article is edited by SMM and is provided for informa...Read More

SMM Morning Comments (Jan 2)

January 02, 2017 / news.metal.com

SHANGHAI, Jan 2 (SMM)? 1/4 ?Copper: LME copper is set to see a correction following 15 consecutive days of increase and bulls taking profits. While it is expected to trade at $7,180-7,320/mt today, the SHFE 1803 copper is expected to trade at 55,200-56,000 yuan/mt. Trading liquidity in the spot market is set to recover and we see discounts at 220-150 yuan/mt today.Aluminium: LME aluminium set a ne...Read More

Owen Hegarty's EMR buys Golden Grove copper-zinc mine

January 01, 2017 / www.mining.com

The EMR Capital private equity firm run by Owen Hegarty has agreed to buy the Golden Grove copper and zinc mine in Western Australia from MMG for $US210 million ($291m), giving Mr Hegarty control of the mine for a second time. Read moreRead More

Gold / Silver / Copper futures - weekly outlook: January 2 - 6

January 01, 2017 / in.investing.com

Investing.com - Gold prices slid on Friday as investors took profits at the end of a year which saw bullion prices rise around 9%, snapping three years of declines.Gold for February delivery settled down 0.53% at $1,152.00 on the Comex division of the New York Mercantile Exchange. Prices were up around 9.8% for the year.Gold prices soared in the first half of 2016 as the Federal Reserve remained c...Read More

Costa Rican Renewable Power Is Government Power

January 01, 2017 / www.thedailybell.com

Costa Rica powered by renewable energy for over 250 days in 2016 ... Costa Rica completes 2016 without having to burn a single fossil fuel for more than 250 days. 98.2% of Costa Rica’s electricity came from renewable sources in 2016. The state-run Costa Rican Electricity Institute (ICE) reported that renewable energy sources accounted for 98.2 per cent of the country’s electricity and...Read More

Costa Rican Renewable Power Is Government Power

January 01, 2017 / www.thedailybell.com

Costa Rica powered by renewable energy for over 250 days in 2016 ... Costa Rica completes 2016 without having to burn a single fossil fuel for more than 250 days. 98.2% of Costa Rica’s electricity came from renewable sources in 2016. The state-run Costa Rican Electricity Institute (ICE) reported that renewable energy sources accounted for 98.2 per cent of the country’s electricity and...Read More

I Need Thee Every Hour/Abide With Me, 'Tis Eventide

December 31, 2016 / www.youtube.com

A creative and heartfelt medley of two favorite hymns, "I Need Thee Every Hour" and "Abide With Me; 'Tis Eventide." The music and lyrics of these two songs intertwine perfectly with each other to create an emotion-filled piece. This arrangement received the Special Recognition award in the 2010 Church Music Submission. 4 pages.Sheet music single available for digital download here: http://annebrit...Read More

Freeport unloads California onshore oil assets for $592 million

December 30, 2016 / www.mining.com

Freeport-McMorRan (NYSE:FCX) has divested another portion of its substantial oil and gas assets as the number one publicly-held copper producer continues on a path of debt reduction.The Phoenix-based company announced today that it completed the previously announced sale of its onshore California properties to Sentinel Peak Resources California LLC for $592 million in cash, before closing adjust...Read More

Major Stock Bear Still Looms

December 30, 2016 / www.mining.com

The US stock markets spectacularly defied the odds in 2016, soaring after both the UK's Brexit vote and US presidential election. Both actual outcomes were universally feared as very bearish for stocks before the events. These contrary stock rallies have left traders feeling euphoric, convinced stock markets are impregnable. But with stock valuations hitting bubble levels in an exceedingly-old bul...Read More

CANADA STOCKS-Futures edge higher as metal prices rise

December 30, 2016 / in.investing.com

Dec 30 (Reuters) - Canadian stock futures edged higher on Friday, the last trading day of the year, helped by gains in metals prices.March futures on the S&P TSX index SXFc1 were up 0.03 percent at 7:15 a.m. ET.No economic data is scheduled for release. ECONCACanada's main stock index rose to its highest level since April 2015 on Thursday, helped by gold mining stocks. Jones Industrial Average e-m...Read More

Gold hits 3-week high as weaker dollar supports prices

December 30, 2016 / in.investing.com

Investing.com - Gold prices rose to a three-week high amid low-volume holiday trading on Friday, as the U.S. dollar pulled back, boosting the appeal of the yellow metal.Gold for February delivery on the Comex division of the New York Mercantile Exchange rose to a session peak of $1,164.25 a troy ounce, a level not seen since December 9.It was last at $1,160.50 by 3:41AM ET (9:41GMT), up $2.40, or...Read More

BuzzFeed's Fat Acceptance Video is Bullshit

December 30, 2016 / www.youtube.com

Help Support NOBS by joining our Patreon!https://www.patreon.com/nobullshitOur next 30 supporters on Patreon will get shout outs in future videos.Original video: https://youtu.be/YNo64Xs323E?-?Twitter: https://twitter.com/TheNoBullshit?-?Email: TheNoBSemail@gmail.com?-?Discord: https://discord.gg/JsZ5KtS?-?MAIN channel: https://www.youtube.com/NoBullshit?-?T-shirts: https://teespring.com/stores/no...Read More

ICC Begins to Pale

December 29, 2016 / www.thedailybell.com

Rising nationalism leaves international criminal court at risk Top lawyer warns withdrawal of countries and limiting of funding threaten future of tribunal ... Six months after the international criminal court's new Dutch palace of justice was formally opened on windswept sand dunes beside the North Sea, a tide of nationalist sentiment is threatening to undermine the project. Three African states...Read More

Britain's FTSE sets record closing high as gold miners shine

December 29, 2016 / in.investing.com

* Pan-European STOXX 600 ends 0.4 pct lower* Precious metals miners up as gold rises* Banking stocks feature among top fallers (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)By Atul Prakash and Kit ReesLONDON, Dec 29 (Reuters) - Britain's top share index posted its highest-ever closing level on T...Read More

ICC Begins to Pale

December 29, 2016 / www.thedailybell.com

Rising nationalism leaves international criminal court at risk Top lawyer warns withdrawal of countries and limiting of funding threaten future of tribunal ... Six months after the international criminal court's new Dutch palace of justice was formally opened on windswept sand dunes beside the North Sea, a tide of nationalist sentiment is threatening to undermine the project. Three African states...Read More

A precious and base metals mining stock to buy

December 29, 2016 / www.adviceforinvestors.com

Mining stock Pan American Silver produces and sells silver, gold and base metals including copper, lead and zinc. It also engages in other mining-related activities, including exploration, extraction, processing, refining and reclamation. Headquartered in Vancouver, B.C., the company has mines and other projects in the United States, Mexico, Peru, Bolivia and Argentina. A 16-per-cent, one-day shar...Read More

Norilsk Nickel buys Soviet-era copper concentrate for $1.1 billion

December 28, 2016 / www.mining.com

One of Russia's largest mining companies has dropped a stash of roubles on copper concentrate that dates back to the Cold War.Reuters reported on Wednesday that Norilsk Nickel (Nornickel) - one of the world's largest producers of nickel and palladium - purchased 67.5 billion (US$1.1 billion) roubles worth of copper concentrate from Russian state holding company Rostec. The amount of concentrate...Read More

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