Recent News

Anglo American Q3 results 'better than expected'

October 22, 2019 / www.mining-journal.com

Golden Mile goes back to the futureSPONSOREDgolden mile resources"Anglo American has reported Q3/19 production and sales that were better than expected overall," said BMO analyst Edward Sterck.Read More

Florence test phase hailed a success

October 22, 2019 / www.mining-journal.com

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesTaseko's operations team have over the past nine months commissioned the 24-hole test wellfield, with injection, recovery and monitoring wells, and ramped up a solvent extraction-electrowinning plant to design capacity. The company said the project complied with all environmental guidelines during the process.CEO Russell Hallbau...Read More

Market Summary: Macro factors still the dominant force

October 22, 2019 / www.metalbulletinresearch.com

Macro factors still the dominant force To some extent the base metals are able to trade their own fundamentals, but macro headwinds remain the dominant force overall. This makes a sideways-to-lower grind the default for most metals unless supply disruption threats emerge and are deemed severe enough to change the underlying narrative for a while. Aluminium: Technically getting more bullish Based o...Read More

Aluminium: Technically getting more bullish

October 22, 2019 / www.metalbulletinresearch.com

Chinese production continued to shrink in September Production of primary aluminium in China continued to decline on a year-on-year basis in September. Total output dipped by 1.6% year-on-year to 2.90 million tonnes last month, according to the latest data from China’s NBS. This follows year-on-year declines of 0.3% in August and 2% in July of 2019. Still, total output for the first nine mont...Read More

Technical analysis: Trying higher, bar nickel

October 22, 2019 / www.metalbulletinresearch.com

Aluminium The LME three-month aluminium price remained in low ground on Tuesday October 22, after being turned back by resistance at $1,745 per tonne, an area of previous support. Momentum indicators lack clear direction. The 20 DMA continues to trend lower, but the stochastics are converging in mid-ground. The RSI has also rolled lower and currently stands at 43. Further support is seen ahea...Read More

Copper: Short-covering risks still elevated

October 22, 2019 / www.metalbulletinresearch.com

Copper boosted by dollar weakness In the current environment, copper prices are driven more by macro flows than fundamental flows. In this regard, last week, the LME copper price came under pressure most of the week despite rising supply disruption risks, including at Las Bambas, before rebounding strongly on Friday. That rebound was caused by an abrupt depreciation in the dollar following an agre...Read More

Lead: Another fresh high for the year

October 22, 2019 / www.metalbulletinresearch.com

LME lead prices up 25% since May low, but SHFE prices up only 8% Chinese auto sales were down 5.2% in September and were down 10.3% in the first nine months of the year, and Friday’s release of GDP data showed growth dropping to 6% in Q3, from 6.2% in Q2. This was the lowest growth since 1992. These are reasons enough to explain why lead prices are underperforming in China compared with the r...Read More

Nickel: Correction finally underway

October 22, 2019 / www.metalbulletinresearch.com

Indonesia leading global mine supply surge... The latest data from the International Nickel Study Group (INSG) showed strong growth of 8.1% in global nickel mine output in the first eight months of 2019 compared with the same period of last year. Indonesian nickel miners continued to boost output aggressively, with 28.6% growth in the country over the reporting period. ...and will likely only acce...Read More

Tin: Bulls are back

October 22, 2019 / www.metalbulletinresearch.com

Prices outperform so far in October... The LME tin price has gained roughly 6% since the start of October, in contrast with a much more subdued performance for the broader LMEX (+1% over the corresponding period). This compares with a sell-off of 19% in the first three quarters of the year, when tin underperformed the LMEX. ...as supply cuts start to be priced in The emergence of fresh buying in f...Read More

Zinc: Still room on the upside

October 22, 2019 / www.metalbulletinresearch.com

Overhead resistance emerges LME zinc prices have remained supported over the past week by the 100-day moving average. However, for the time being at least, prices remains capped ahead of $2,500 per tonne, particularly after the latest Chinese economic data stoked concerns about weaker demand. GDP grew 6% in Q3, slowing from 6.2% in Q2, and below the 6.1% forecast. That said industrial production r...Read More

Base metals investment analysis: Mixed bag

October 22, 2019 / www.metalbulletinresearch.com

ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More

Demand Indicators: 22 October 2019

October 22, 2019 / www.metalbulletinresearch.com

Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More

Tech Talk for Tuesday October 22nd 2019

October 22, 2019 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade. The Canadian Dollar slipped 0.14 to U.S.76.26 following election last night of a minority federal government. Procter & Gamble added $5.51 to $124.59 after reporting higher than consensus quarterly earnings and revenues. United Technologies gained $3.15 to $141.51 after reporting high...Read More

Editorial: Cratering demand signals more trouble ?EUR?in coal country

October 22, 2019 / www.northernminer.com

The shift from coal to cheaper and cleaner fuel sources like natural gas and renewables claimed another victim in the U.S. last week.Peabody Energy said it will close its Wildcat Hills coal mine and nearby Willow Lake processing facility in southern Illinois before year-end due to "uneconomic mining conditions."The announcement - which affects 225 workers - followed news in September that Peabody...Read More

The Northern Miner awards scholarship to mining engineering student

October 22, 2019 / www.northernminer.com

Young Mining Professionals (YMP) - a registered charity that donates 100% of its receipts to students - has awarded 10 scholarships this year ranging from $1,000 to $10,000 to students who are pursuing a career in the mining industry and are enrolled in mining-related programs for the 2019-2020 academic year at universities in Canada. This year's winner of The Northern Miner's $5,000 scholarship i...Read More

The Northern Miner Podcast - episode 157: 'Trust is the new competitive advantage' ft George Hemingway of Stratalis

October 22, 2019 / www.northernminer.com

This episode features a keynote speech by one of the mining industry's leading futurists, George Hemingway, Partner and Head of the Innovation Practice at The Stratalis Group in New York City. Recorded live at The Northern Miner's Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October 2019, George's keynote focuses on how companies need to build trust to ada...Read More

Glasenberg legacy under scrutiny

October 22, 2019 / www.mining-journal.com

Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftWill it be as the ultimate trader, or the man who forced stodgier competitors to give mo...Read More

Tommy SUGIARTO vs Subhankar DEY - FULL | YONEX FRENCH OPEN 2019 BADMINTON

October 22, 2019 / www.youtube.com

Tommy SUGIARTO vs Subhankar DEY - FULL| YONEX FRENCH OPEN 2019 BADMINTONRead More

An??lisis del consumo interno y el boicot contra Kimberly Clark

October 22, 2019 / www.youtube.com

David P??ramo analiza las declaraciones en contra de Kimberly Clark intentando un boicot en contra de la empresa en redes sociales.22 octubre de 2019 COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_Mex...Read More

Operativo de seguridad en Tepito deja varios detenidos

October 22, 2019 / www.youtube.com

Elementos de la Marina y la Polic?-a realizaron un operativo de seguridad en calles de Tepito, que dej?? como saldo varios detenidos y diversas armas decomisadas.22 octubre de 2019 COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: ht...Read More

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