Comex copper prices bounced-back Wednesday morning in the US with the complex oversold after a five-day rout.Copper for July settlement on the Comex division of the New York Mercantile Exchange recovered 3.05 cents - or 1% - to $3.0680 per lb. "We are seeing a slight bounce in metals prices today, partly...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday May 2*Copper -$74.53 (-475.02 yuan) Aluminium -$498.71 (-3,178.71 yuan) Zinc -$33.53 (-213.7 yuan) Nickel -$259.31 (-1,652.79 yuan) *Metal Bulletin calculates the physical arbitrage for import...Read More
Nickel premiums across all locations remained little changed in the week ending May 1, with national holidays leading to a quiet market. European premiums steady with lack of demand Thin market due to Labour Day holiday in China US firm for the seventh consecutive weekEuropean premiums stable in quiet market Metal Bulletin's European nickel premiums were stable on Tuesday, with a lack of tra...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange were for the most part firmer on the morning of Wednesday May 2, with five of the six base metals showing gains averaging 0.6%, while tin bucked the trend with a 0.1% decline. Copper led on the upside with a 1% gain to $6,816 per tonne.Volume on the LME has rebounded with the return of Chinese participants following public holidays in China on Monday...Read More
China's crude stainless steel output rose 6.5% in the first quarter of 2018, while both exports and imports also increased in the period.The country produced 6.53 million tonnes of crude stainless steel, up 399,000 tonnes from an adjusted 6.13 million tonnes in the first three months of last year, according to data released by the China Stainless Steel Council late on Friday April 27.Mills raised...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday May 02.NB: prices...Read More
Brazil on Wednesday contradicted a United States announcement that the two countries had reached a deal on a permanent exemption from steel and aluminum import tariffs, saying the Trump administration had unilaterally cut off talks.Representatives for Brazil's industry decried U.S. negotiation tactics, which the head of the association for aluminum producers, Milton Rego, called "Al Capone-like.""...Read More
The chairman of En+ Group said on Wednesday he was working on implementing a plan that En+ hopes will lead to the United States lifting sanctions on the company, the biggest shareholder in aluminium giant Rusal.Greg Barker welcomed a decision by the U.S. Treasury on Tuesday to give investors an extra month to divest or transfer their holdings in En+ Group and other sanctions targets.Washington las...Read More
The INSIDER team visits The Ainsworth in New York City to try $1,000 gold wings that Jonathan Cheban, otherwise known as Foodg??d, created with the restaurant. ARead full newsRead More
Mining giant Rio Tinto (ASX, LON, NYSE: RIO) plans to double its fleet of autonomous production drill rigs this year at its iron ore mines in the Pilbara region of Western Australia, where driverless trucks already haul over a quarter of both ore and waste material.Four additional drills, retrofitted with autonomous drilling system technology, were recently deployed at the company's Yandicoogina m...Read More
South African gold producers are expected to sing this week a settlement in a lawsuit over fatal lung disease and tuberculosis miners contracted while working for them, ending this way the country's largest ever class action against mining companies.Speaking to Reuters, lawyer Richard Spoor, who represents about half a million workers and their families, said the companies would sign the out-of-...Read More
Canada's StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF) said Wednesday it has agreed to buy fellow junior Skeena Resources' (TSX-V: SKE) historic Porter Idaho silver property located near Stewart, in British Columbia's prolific Golden Triangle.As part of the deal, Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based up...Read More
The world's war on coal is making its biggest producers a lot richer, at least for now.Read full newsRead More
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.Read full newsRead More
Beta Hunt Mine Gold Production Increases for Fourth Consecutive QuarterRead full newsRead More
Gold stocks are likely to ride on the back of improving industry fundamentals and put up a decent performance this quarter.Read full newsRead More
https://theconversation.com/What does the advocacy group the Australian Centre for Corporate Responsibility (ACCR) have in common with the Local Government Super fund, the Church of England Pensions Board, and the Seventh Swedish National Pension Fund?Quite a lot, it seems. These three institutional investors joined with the ACCR to co-file a shareholder resolution on climate change at mining gian...Read More
Bitcoin (BTC) has shrugged off yesterday's negative results to claw back above the US$9K mark. Bitcoin began April at US$6,816, but started May at $9,067 - a rise of US$2,251 - making it the best month of 2018 for any crypto. Bitcoin is currently up on the day at US$9,113.70, a bump of ...Read full newsRead More
Now this really is a game-changer.In one of the most-anticipated public listings ever in Canadian history, The Green Organic Dutchman (TSX: TGOD, Forum) just commenced trading amid considerable fanfare.Also known as "TGOD", the Ontario-based company is on-track to become the wor...Read full newsRead More