The three-month zinc price on the London Metal Exchange was higher at the close of trading on Wednesday December 4, with upward movement in the price of the galvanizing metal supported by strong turnover, while nickel futures took a divergent path over the afternoon in a 1.6% sell-off.Zinc's underlying price on the LME closed at $2,245 per tonne in the afternoon, gaining just under 2% from Tuesday...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday December 4.Please click...Read More
The US has warned of tariffs on French goods after hitting Brazil and Argentinian metal imports this week and yesterday president Donald Trump told reporters in London a trade deal with China may have to wait until after the US presidential election in November 2020.Despite yesterday's dip, the S&P500 was still up 23% in 2019, Bloomberg pointed out.Metals and mining stocks were 2.6% lower in T...Read More
The deal follows an October transaction that saw Osisko Metals acquire Karst Investments for US$8.5 million and two-million shares to snare an outstanding 3% NSR royalty on the project.The company will grant Osisko Gold Royalties a right of first offer on any future sales of royalties, streams or interests on Pine Point and a senior secured interest and first-priority mortgage on the project as co...Read More
These demand drivers, as well as the rising global need for ferrous metals, industrial minerals and fuel-ore mining was driving market revenues toward US$2.9 billion by 2025, a compound annual growth rate of 6.7% from 2018, the Santa Clara, California-based consultancy said.The firm said mining chemical manufacturers were increasingly developing and integrating digital technologies to boost applic...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 4.Key drivers The scrap markets were down in the past week, with supply offer prices dropping against slowing demand in the run-up to year-end holidays. Metals producers typically run down their feedstocks in December, a time usually set aside for book-squaring, banking profits and settling accounts. The alloy market...Read More
CEO Ivan Glasenberg, 62, had flagged then confirmed plans he was nearing the end of his tenure about 12 months ago. At the time, he said he hoped to find a successor before he turned 65.He told investors yesterday the company would meet in early 2020 to talk about a change in its "old guard," the Wall Street Journal reported. "I don't want to be an old guy running this company—and soon...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce it has entered into an engagement letter with PI Financial Corp. to act as sole bookrunner and co-lead agent together with Canaccord Genuity Corp. (collectively, the "Co-Lead Agents"), and with Paradigm Capital Inc. and Beacon Securities Limited (together with the Co-Lead Agents...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that the Company has closed its previously announced bought deal private placement pursuant to an agreement with PI Financial Corp. (the "Underwriter") for gross proceeds of approximately C$3.50 million (the "Offering" or the "Brokered Financing"). The Company also announces that, due to investor demand, the Com...Read More
An overview of the minor metals markets and their latest price moves.Read More
By: Ira EpsteinGold had a big rally and getting up to key resistance spots. Lots of Tariff news:Read More
Relations between USA-China is moving from bad to worse. USA is interfering with Chinese sovereignty be it Hongkong or the South China Sea or Chinese dealing with Muslim minority. Gold and silver will remain firm as a result of this. Correction will be there if various US jobs numbers (release begins from today with November private ADP) beat street expectations. U.S. President Donald Trump warn...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 4.Key drivers The scrap markets were down in the past week, with supply offer prices dropping against slowing demand in the run-up to year-end holidays. Metals producers typically run down their feedstocks in December, a time usually set aside for book-squaring, banking profits and settling accounts. The alloy market...Read More
The Turkish steel producers have continued their purchases of deep-sea market scrap for January shipments, while prices became even more firm, sources said on Wednesday December 4.A steel producer in the Iskenderun region booked a Baltic Sea cargo, comprising 17,000 tonnes of HMS 1&2 (95:5) at $290 per tonne cfr.Another steel mill in the Marmara region booked a European cargo, comprising 20,000 to...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 4.Key drivers The scrap markets were down in the past week, with supply offer prices dropping against slowing demand in the run-up to year-end holidays. Metals producers typically run down their feedstocks in December, a time usually set aside for book-squaring, banking profits and settling accounts. The alloy market...Read More
Market participants have been surprised by the continued rise inAsian ferrous scrap prices, especially in the face of weak downstream demand. "Some people have been caught short and now have to purchase at higher prices after selling their cargoes previously," a trader in Vietnam told Fastmarkets on Wednesday December 4.Prices in Asia have been on an upward trend from early October, boosted by lim...Read More
Non-haven markets are generally under pressure after United States President Donald Trump said he was prepared to wait until after the 2020 US presidential election for a trade deal with China.This has dented sentiment, sending gold prices and the yen higher, while US treasury yields have weakened. Asian equities are weaker, led by a 1.6% fall in the Australia's ASX 200The yuan has weakened to 7.0...Read More
Ontario's government is supporting business expansion in Kenora by working with the city to help attract new businesses and create more jobs for the region.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced the City of Kenora is receiving $45,000 to undertake a study that will pinpoint the city's economic strengths and key resources. This will help Kenora identify,...Read More
Ontario's government is supporting tourism in Northern Ontario by investing in the Mount Evergreen Ski area in Kenora.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced an investment of $22,500 for the facility to hire a consultant to develop a sustainable, four-season destination business plan. Currently, Mount Evergreen operates four months of the year. This proj...Read More
Glencore has signed a six-year deal to supply cobalt hydroxide to South Korea-based electric vehicle (EV) battery maker SK Innovation, the Swiss miner-trader announced on Wednesday December 4.SK Innovation will purchase up to 30,000 tonnes of cobalt contained in hydroxide between 2020 and 2025. "This newly established partnership demonstrates the continuation of Glencore's cobalt hydroxide marketi...Read More