A magnitude 8.0 earthquake struck northern Peru early Sunday near copper and gold mines, prompting officials to activate emergency protocols.The quake hit at 2:41 a.m. local time, according to the European-Mediterranean Seismological Centre. The U.S. Geological Survey put the epicenter at 75 kilometers (47 miles) south-southeast of the village of Lagunas.Tremors were moderately felt in the capital...Read More
South Africa's long-delayed carbon tax has been enshrined in law, the treasury said on Sunday, as one of the continent's worst polluters transitions to lower emissions in its efforts to meet agreements on global climate change.The tax was first mooted in 2010 but has been postponed at least three times after mining companies, steelmakers and state-owned power utility Eskom said it would erode prof...Read More
Unionized workers at Codelco's Chuquicamata operation rejected on Saturday the miner's final contract negotiation offer and announced that on Tuesday and Wednesday they will be voting on a proposal to go on strike.In a communiqu?(C) made public via social media, the union's leadership said the proposal presented to them by the world's No. 1 copper producer was a 'joke' aimed at suppressing workers...Read More
Unionized workers at Codelco's Chuquicamata operation rejected on Saturday the miner's final contract negotiation offer and announced that on Tuesday and Wednesday they will be voting on a proposal to go on strike.In a communiqu?(C) made public via social media, the union's leadership said the proposal presented to them by the world's No. 1 copper producer was a 'joke' aimed at suppressing workers...Read More
XLF has a flawless record of positive summertime returns over the past 10 yearsThe following is a reprint of the market commentary from the June 2019 edition of The Option Advisor, published on May 24. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store.Volatility seems to have returned to the stock market just in time...Read More
Organizations behind lab-grown diamonds continue to push to conquer the market.As miners of the precious stones are struggling across the board, particularly those unearthing cheaper and smaller gems where there is too much supply, companies producing synthetic diamonds are expanding their reach by incorporating consumer feedback into their manufacturing and commercialization processes.According t...Read More
Organizations behind lab-grown diamonds continue to push to conquer the market.As miners of the precious stones are struggling across the board, particularly those unearthing cheaper and smaller gems where there is too much supply, companies producing synthetic diamonds are expanding their reach by incorporating consumer feedback into their manufacturing and commercialization processes.According t...Read More
Organizations behind lab-grown diamonds continue to push to conquer the market.As miners of the precious stones are struggling across the board, particularly those unearthing cheaper and smaller gems where there is too much supply, companies producing synthetic diamonds are expanding their reach by incorporating consumer feedback into their manufacturing and commercialization processes.According t...Read More
Researchers at Russia's Ural Federal University, known by its initials UrFU, are working on a method for extracting non-ferrous and noble metals from hard-to-process ores.In such ores, valuable components like gold and platinum group metals may be present as nanoscale particles, they may be disseminated into the minerals' sulfide matrix, or there may be rich in highly-toxic compounds as arsenic or...Read More
Researchers at Russia's Ural Federal University, known by its initials UrFU, are working on a method for extracting non-ferrous and noble metals from hard-to-process ores.In such ores, valuable components like gold and platinum group metals may be present as nanoscale particles, they may be disseminated into the minerals' sulfide matrix, or there may be rich in highly-toxic compounds as arsenic or...Read More
Kamloops, British Columbia--(Newsfile Corp. - May 23, 2019) - Advance Gold Corp. (AAX) (Read full newsRead More
GCGX Global Consortium Inc.: Global Consortium Inc. (GCGX) Expands Reach, Building First-Ever Cannabis Mall - The compa - #5439972Read full newsRead More
The three-month nickel price on the London Metal Exchange climbed by more than 4% at the close of trading on Friday May 24, soaring beyond $12,300 per tonne amid a slight softening of the dollar index and while investors seek to cover shorts ahead of the UK bank holiday next week. Despite moderately low volumes over the day's trading, more than 15,000 lots of nickel changed hands at a value of aro...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Codelco expects to maintain current copper output at around 1.68 million tonnes per year over at least the next decade, it said, despite operational changes and sector headwinds.Production will be slightly lower than it was in the past 10 years, during which it averaged 1.69 million tpy, the Chilean state-owned copper producer said in its business and development plan on Thursday May 23. Stil...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday May 24. China Taiyuan Iron & Steel (Tisco) released its June tender price for high-carbon ferro-chrome at 6,550 yuan ($947) per tonne on Friday May 24, 350 yuan per tonne lower than its May tender. Two other major Chinese stainless steel mills, Tsingshan and Baosteel, have yet to release June tende...Read More
Manganese ore prices hit an 18-month low on Friday May 24, declining for the fourth consecutive week amid increasingly bearish sentiment in China. Fastmarkets' 37% manganese ore index, fob Port Elizabeth dropped 16 cents week on week to $4.90 per dry metric tonne unit (dmtu), the lowest since December 1, 2017, when it settled at $4.43 per dmtu. Fastmarkets' 37% manganese ore index, cif T...Read More
Codelco expects to maintain current copper output at around 1.68 million tonnes per year over at least the next decade, it said, despite operational changes and sector headwinds.Production will be slightly lower than it was in the past 10 years, during which it averaged 1.69 million tpy, the Chilean state-owned copper producer said in its business and development plan on Thursday May 23. Stil...Read More
An overview of the battery raw materials markets and their latest price moves.Read More