No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.Read full newsRead More
Top global miner tells investors it can mine potash for only $100 a tonne at $7 billion Saskatchewan fertilizer project.Read full newsRead More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, May 15 (Reuters) - Copper extended its rebound onWednesday as hopes the United States and China would forge atrade deal overshadowed largely disappointing economic data fromtop metals consumer China.Aluminium, however, slipped after Chinese output gained,fanning fears of oversupply.U.S. President Donald Trump called t...Read More
Canada's Ivanhoe Mines (TSX:IVN) said Tuesday it's ready to start building its first two copper mines in the Democratic Republic of Congo and significantly advance a third project after partner Zijin Mining Group added an additional C$67 million (about $49m) into the Canadian company's coffers.Zijin, China's No.1 gold producer and Ivanhoe's partner in the now massive Kamoa-Kakula copper project...Read More
Canada's Ivanhoe Mines (TSX:IVN) said Tuesday it's ready to start building its first two copper mines in the Democratic Republic of Congo and significantly advance a third project after partner Zijin Mining Group added an additional C$67 million (about $49m) into the Canadian company's coffers.Zijin, China's No.1 gold producer and Ivanhoe's partner in the now massive Kamoa-Kakula copper project...Read More
These 25 stocks beat the S&P 500 by 2% or more on MondayWhen the S&P 500 Index (SPX) Index fell 2.4% on Monday, it was the first 2% fall in the index since January. Since 2010, there have been 12 other instances when the index got hit with such a steep decline, and it was the first 2% drop in at least three months (so I'm disregarding the 2% drops that occurred within three months of another one)....Read More
Pro Aurum and Philoro will be supplying the raw metals. The firm will also enable its users to swap services from metals to digital assets. Austria-based fintech Bitpanda has recently launched digital trading service for gold and silver along with digital assets. It was announced on May 13 that the digital trading backed by physically stored metals are securely kept in a vault in Switzerla...Read More
As Coast Salish People, we cannot allow any mining operations in the Skagit River Headwaters because we must restore our salmon and preserve the rights of all those for whom salmon are a cultural lifeblood.Read full newsRead More
Australian gold producer St. Barbara (ASX: SBM) is buying smaller Canadian rival Atlantic Gold Corp (TSX-V: AGB) for C$722 million ($536 million), in the last of several mergers and acquisitions targeting mostly the gold sector taking place this year.The Melbourne-based miner offered C$2.90 a share for Vancouver-based Atlantic Gold, a 39% premium to Tuesday's close, and will fund the deal from cas...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks ended up Tuesday following President Trump's statement that upcoming trade talks with China were going to be "very successful." Trump said China's next move in the trade war will be a rate cut and he pushed the Federal Reserve to follow suit. Walmart (WMT - Get Report) said it will launch a free, next-day de...Read More
A summary of base metals premiums from across the globe for the week to Tuesday May 14.Click on...Read More
Prices in the London Metal Exchange base metals complex became firmer on Tuesday May 14 when it was realized that the effects of proposed Chinese tariffs side-stepped the base metals to focus on imports of minor metals and ferro-alloys.The duties would be imposed by China on materials from the United States from June 1, in retaliation for increased US import duties on Chinese goods in the two coun...Read More
Russian aluminium producer Rusal said it will focus on restoring its market position after its first-quarter revenues plunged by 20.9% year on year in a period "challenged by the past year's events". Rusal reported revenue in the first quarter of 2019 of $2.17 billion, a fall of 20.9% year on year from $2.744 billion. The company said the fall in revenue was due to the decrease in the London Metal...Read More
Russian aluminium producer Rusal said it will focus on restoring its market position after its first-quarter revenues plunged by 20.9% year on year in a period "challenged by the past year's events". Rusal reported revenue in the first quarter of 2019 of $2.17 billion, a fall of 20.9% year on year from $2.744 billion. The company said the fall in revenue was due to the decrease in the London Metal...Read More
Ferro-vanadium prices continued to fall globally in the week ended Friday May 10 with vanadium pentoxide (V2O5) markets following the downtrend. Chinese ferro-vanadium export prices fall on weak demandEuropean ferro-vanadium price continues downtrend on aggressive offers, oversupply European V2O5 price falls again on weak buying, Chinese export price under pressureThe export price for ferro-vanadi...Read More
China will implement import tariffs on over 5,000 types of US goods, including ferro-vanadium, vanadium pentoxide and silicon, starting June 1, 2019, amid an escalating trade war between the two countries. From the start of next month, a 25% tariff will apply to vanadium pentoxide, vanadium oxides and hydroxides and ferro-vanadium containing 75% or more vanadium by weight from the United States. T...Read More
The Chinese bismuth price fell by 4.8% on Friday May 10 after suppliers cut their selling prices in an attempt to stem declining export demand after the United States raised import tariffs on $200 billion worth of Chinese products, including bismuth, to 25% on the same day. The increase to the import tariffs from 10% previously followed a threat earlier by US President Donald Trump that he would r...Read More
The Turkish steel producers went quiet again in the scrap import markets on Tuesday May 14 due to the continuing low demand for finished long steel in the export and domestic markets.A steel producer in the Izmir region booked a Baltic Sea cargo on Monday, comprising 10,000 tonnes of HMS 1&2 (80:20) at $286 per tonne, 12,000 tonnes of shredded at $291 per tonne and 3,000 tonnes of bonus at $296...Read More
Markets were consolidating during morning trading on Tuesday May 14 after the previous day's weakness that saw prices adjust to an escalation in the US-China trade war, with China retaliating by increasing tariffs on $60 billion worth of US imports. This saw risk-off and money move into haven assets, including gold.Investment money flows into gold, the yen and treasuries......while flowing out of...Read More
The Tuesday Market Minute Global stocks mixed, with gains in Europe offsetting sharp declines in Asia, amid contradictory messages on trade from the While House.President Donald Trump plans to meet China's Xi Jinping at the G20 summit in Japan, but directs the U.S. Trade Representative to hold public hearings on new tariffs on a further $300 billion in China-made goods.European stocks bounce hig...Read More