Recent News

When Will the U.S. Start Producing Graphite?

July 17, 2019 / kincommunications.com

Last year, the U.S. imported roughly 39,500 metric tons of graphite to meet its domestic needs.*Basically, lithium-ion batteries, which require a substantial amount of graphite continue to drive the demand for the commodity with no sign of it slowing down.So, when will the U.S. tap into this highly sought-after industry?The answer is still unknown, but we do know that it's in discussion. Anthony H...Read More

Gigantic gold coin makes its way to Wall Street

July 17, 2019 / www.marketwatch.com

Richard Hayes left a $45 million coin on the streets of Manhattan all day Tuesday, but he wasn't particularly worried about a thief carting it off. The coin-with Queen Elizabeth's profile pressed onto one side and a mid-hop kangaroo on the other-is beyond the wiles of the average pickpocket. It measures nearly 32 inches in diameter and is almost 5 inches thick. Oh, and it weighs about 2,200 pounds...Read More

Video Summary:Yangarra Resources sliding as investor skepticism clips small-caps

July 17, 2019 / www.canadianinsider.com

Here is the video summary of the July 17th INK Morning report where we suggest that a break-out in Canadian financials may be what is needed to signal better days ahead for small-cap oil & gas names.INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage.Script:Despite improving Canadian oil prices since last fall, ma...Read More

UPDATE 3-Acacia seeks stay of international arbitration against Tanzania

July 17, 2019 / www.kitco.com

* Hearing was due to start on Monday * Government blocking use of North Mara tailings dam fromSaturday * Acacia says majority owner Barrick has undervalued it * Barrick has no comment (Adds analyst comment in 5th paragraph, Barrick share price,updates Acacia share price in 11th paragraph)By Barbara Lewis and Yadarisa ShabongLONDON, July 17 (Reuters) - Acacia Mining said onWednesday it was seeking...Read More

Get In Harmony With Gold

July 17, 2019 / seekingalpha.com

Gold miners are outperforming the S&P 500 this year.Lots of upside for gold miners from here.WMA fundamental ranking of the gold miners.Gold miners have been popping up on our radar screen thanks to positive EPS revisions of late. For example, in our EPS Revisions Changes Monitor for Monday, July 8, we had a few more miners see their consensus profit outlooks revised higher for the current yea...Read More

Dow Ends Lower; Stocks Slip as Trump Fans China Trade Worries - TheStreet

July 17, 2019 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average set a record early Tuesday before ending down after President Trump said the U.S. and China have "a long way to go" before reaching a trade agreement. Shares of JPMorgan Chase (JPM - Get Report) rose after the biggest U.S. bank posted stronger-than-expected second-quarter profit. JPMorgan Chase...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 16/07

July 17, 2019 / www.metalbulletin.com

A summary of base metals premiums from across the globe for the week to Tuesday July 16.Please click...Read More

LIVE FUTURES 16/07: LME nickel passes $14,000/t in 2.9% rally

July 17, 2019 / www.metalbulletin.com

The London Metal Exchange three-month nickel price rose 2.9% on Tuesday July 16 to close above the $14,000-per-tonne resistance level.The LME three-month nickel contract closed at $14,065 per tonne, up $400 per tonne from the $13,665-per-tonne close on Monday.This is the first time nickel futures have surpassed the $14,000 mark since August 2018, with approximately 15,000 lots traded by 5pm o...Read More

First Cobalt, Glencore agree framework for phased cobalt refinery restart

July 17, 2019 / www.metalbulletin.com

First Cobalt Corp has agreed on a term sheet with Glencore AG, outlining the framework for a phased approach to recommission a cobalt refinery in Ontario, Canada, in less than a year with an expansion to 55 tonnes per day in 2021. The framework remains subject to a number of conditions and outline the key milestones to a long-term strategic relationship that could bring a reliable source of domest...Read More

Recylex share trading resumes after revealing financial requirements for 2019-2021

July 17, 2019 / www.metalbulletin.com

Recylex' listing on Euronext Paris resumed at the opening of the stock exchange on Tuesday July 16 after the lead and zinc recycler announced its projected cash requirements for 2019, 2020 and 2021. Trading in European zinc and lead producer Recylex' shares was suspended on Monday July 8 at the company's own request following an unexplained 40% increase in the share price during the prior two days...Read More

Global zinc deficit rises y-o-y to 123,000 tonnes in Jan-May 2019, ILZSG says

July 17, 2019 / www.metalbulletin.com

The global market for refined zinc metal was in a deficit of 123,000 tonnes over the first five months of 2019, marking a 19.41% annual increase from 103,000 tonnes a year ago, the International Lead & Zinc Study Group (ILZSG) said. Refined zinc metal production contracted by 1% to 5.39 million tonnes in the first five months of the year compared with the same period of 2018. ILZSG reported produc...Read More

GLOBAL CHROME WRAP: Little change to soft markets in China, Europe, US [CORRECTED]

July 17, 2019 / www.metalbulletin.com

Ore and alloy prices were stable in most global spot markets in the week ended Friday July 12, with excess supply continuing to put pressure on producers. UG2 ore price, cif China, ticks up; Turkish lumpy ore stable Charge chrome market in China unchanged High-carbon ferro-chrome range ddp Europe widens Ferro-chrome price in Japan narrows downward.Falls in the market for chrome ore stalled last we...Read More

First Cobalt, Glencore agree framework for phased cobalt refinery restart

July 17, 2019 / www.metalbulletin.com

First Cobalt Corp has agreed on a term sheet with Glencore AG, outlining the framework for a phased approach to recommission a cobalt refinery in Ontario, Canada, in less than a year with an expansion to 55 tonnes per day in 2021. The framework remains subject to a number of conditions and outline the key milestones to a long-term strategic relationship that could bring a reliable source of domest...Read More

DAILY SCRAP REPORT: Mills stay out of deep-sea market on weak finished steel demand

July 17, 2019 / www.metalbulletin.com

Turkish steel producers remained quiet in the deep-sea scrap markets, awaiting some signs of recovery in the finished steel sector, sources said on Tuesday July 16.The last verified scrap deal was on July 9 when a steel mill in the Iskenderun region booked a UK cargo at $288 per tonne cfr for HMS 1&2 (80:20).Since then, Turkish steel mills have stayed away from the deep-sea markets...Read More

TURKEY FERROUS SCRAP: Domestic market still slow on summer lull

July 17, 2019 / www.metalbulletin.com

The Turkish domestic scrap markets remained mostly quiet last week due to the subdued finished steel markets and the seasonal summer slowdown, sources said on Tuesday July 16.Steel mills have kept their buy prices for auto bundle scrap flat, but ship scrap prices increased slightly due to expectations of a rebound in the price...Read More

First Cobalt, Glencore agree framework for phased cobalt refinery restart

July 17, 2019 / www.metalbulletin.com

First Cobalt Corp has agreed on a term sheet with Glencore AG, outlining the framework for a phased approach to recommission a cobalt refinery in Ontario, Canada, in less than a year with an expansion to 55 tonnes per day in 2021. The framework remains subject to a number of conditions and outline the key milestones to a long-term strategic relationship that could bring a reliable source of domest...Read More

BATTERY & SUPPLY CHAIN CONF: Flake graphite price recovery hampered by weak refractory sector; market looks to anode demand

July 17, 2019 / www.metalbulletin.com

Chinese flake graphite export prices will face headwinds in the near term due to a slowdown in its traditional downstream supply chain and a surge of imported materials, delegates said on the sidelines of an industry conference in Qiandaohu, China, on July 11-12. In the fourth quarter of 2018 and the first quarter of 2019, Chinese flake graphite producers in production hubs, such as Shandong and H...Read More

Liberty Ostrava increases steel prices by ?,?20 per tonne, announces production cuts

July 17, 2019 / www.metalbulletin.com

Czech steelmaker Liberty Ostrava is increasing its steel prices by ?,?20 ($23) per tonne to partially offset an increase in production costs, the company told Fastmarkets on Tuesday July 16. "Recent increases in raw materials and energy costs and the prevailing steel prices in Europe necessitate an immediate response to avoid further margin squeezes for our steel business," the company said.O...Read More

GULF FLAT STEEL IMPORTS: Most prices fall, demand remains weak

July 17, 2019 / www.metalbulletin.com

Prices for flat steel imports to the United Arab Emirates and Saudi Arabia fell this week, with demand remaining weak because of the seasonal summer lull.UAE Offers for hot-rolled coil imports from China to the UAE came in at $510-520 per tonne cfr, while buyers were bidding $500 per tonne cfr.No major deal was heard.Working hours in the UAE are limited from June 15 until September because of...Read More

CIS FLAT STEEL: Reduced availability supports prices

July 17, 2019 / www.metalbulletin.com

Reduced availability of materials for August shipments of hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States (CIS) was supporting the prices for the commodities, sources told Fastmarkets on Monday July 15.Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea, CIS, was $485-500 per tonne on July 15, up by $5 per tonne week on week.Ukraini...Read More

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