The General Court of the European Union today dismissed a lawsuit filed by Austria, supported by Luxembourg, against the European Commission's approval of state aid for the planned Hinkley Point C nuclear power plant in the UK. The court said the Commission "did not err" in accepting the UK's stance that construction of the plant is in the British public's interest.An artist's impression of how Hi...Read More

The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation until 14 September on draft regulations that aim to enable a domestic nuclear safeguards regime following the UK's withdrawal from the European Atomic Energy Community (Euratom) as part of its departure from the European Union.Meanwhile the House of Lords EU Energy and Environment Sub-Committee yesterd...Read More

UK broker Liberum has sounded a note of caution about the future supply-demand balance in the uranium market.In a detailed 11-page research note Liberum set out its case that although demand for uranium from new power stations is likely to be material, the rise of renewables and an increasing tendency to favour gas-powered electricity generation will mitigate against any significant breakout in th...Read More

With the exception of aluminium, base metals on the London Metal Exchange staged a modest recovery at the close of trading on Thursday July 12, led by a 2.2% surge in nickel prices, while the market continues to adjust to the escalating trade rift between the US and China."Markets are still waiting for the trade situation to resolve itself; either the escalations continue, or one party or another...Read More

After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More

'Buy high, sell low, repeat until broke' is an emotional investment strategy best left to lemmings. The MoneyLetter's behavioural finance columnist Ken Norquay says feeling emotions is okay: reacting to those emotions is not okay.Most of the time, our investment minds do what they have always done and think what they have always been thinking. But every once in a while some unexpected financial jo...Read More

State-owned PT Indonesia Asahan Aluminium (PT Inalum) will become a 51% shareholder in Grasberg, the world's second largest copper mine, buying shares from Rio Tinto and Freeport-McMoRan in a deal totaling $3.85 billion, Rio Tinto and Freeport-McMoRan said on Thursday July 12. Rio Tinto has agreed to sell its 40% stake in Grasberg for $3.5 billion, while Freeport will divest a portion of its inter...Read More

Bob Moriarty ArchivesJul 12, 2018Iwrote about Viva Gold in mid-May. I said the company was an easy triple from the $.32 the company was selling for. The shares blasted higher to $.33 up until they released results from the first four holes in their current 28-hole program. In one of the more interesting days for a stock, on July 9th the shares advanced from $.33 to $.40 for a 20% increase. 19,000...Read More

Molybdic oxide prices in Europe have added to gains made on Friday amid more buying interest so far this week after higher-priced sales of oxide in Asia affected market sentiment in the West.The move higher in European oxide has pulled up offer prices in the domestic ferro-molybdenum market, although there were fewer reported sales in alloys while market participants wait to see how far the oxide...Read More

After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More

State-owned PT Indonesia Asahan Aluminium (PT Inalum) will become a 51% shareholder in Grasberg, the world's second largest copper mine, buying shares from Rio Tinto and Freeport-McMoRan in a deal totaling $3.85 billion, Rio Tinto and Freeport-McMoRan said on Thursday July 12. Rio Tinto has agreed to sell its 40% stake in Grasberg for $3.5 billion, while Freeport will divest a portion of its inter...Read More

Both Chinese cobalt tetroxide and sulfate spot prices edged down on Wednesday July 12 due to seasonal low consumption, with some refineries lowering their offer prices to secure sales despite high raw material costs. Metal Bulletin's China cobalt tetroxide spot price dropped to 390,000-420,000 yuan ($58,492-62,992) per tonne during the midweek session, down 2.4% from 400,000-430,000 yuan per...Read More

Cobalt trade log including business, bids and offers reported to Metal Bulletin. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lb I...Read More

Turkish steel producers continued to book scrap in the deep-sea markets for August deliveries on Thursday July 12, with prices still falling.A steel producer in the Iskenderun region booked a Canadian cargo, comprising 25,000 tonnes of HMS 1&2 (90:10) and 25,000 tonnes of shredded, at an average price of $350.50 per tonne cfr late on July 11.The same mill booked a European cargo...Read More

Drilling at the Pamlico Project near Hawthorne, Nevada. Source: Newrange Gold Corp.Newrange Gold Corp. [NRG-TSXV; NRGOF-OTC; X6C-FSE] released Phase III drill results, which have extended the mineralized gold trend to approximately 1,600 feet (488 metres) on strike to the southeast from the Merritt decline area along Pamlico Ridge 12 miles southeast of Hawthorne, Nevada.This latest round of drilli...Read More

Largo's Marac??s Menchen vanadium mine in Bahia State, Brazil. Source: Largo Resources Ltd.Largo Resources Ltd. [LGO-TSX; LGORF-OTCQX] reported second quarter 2018 production results highlighting a new average daily production record of 29.4 tonnes of vanadium pentoxide (V2O5) produced per day in June from its Marac??s Menchen vanadium mine in Bahia State, Brazil.Total production from the Marac??s...Read More

After years of negotiations, the future ownership of the Grasberg copper and gold mine has finally been determined, and it's a win-win outcome. Earlier on Thursday July 12, Rio Tinto and Freeport-McMoRan announced they had reached an agreement with the government of Indonesia that would eventually result in the latter's ownership of Grasberg increasing to 51%. Technically, the deal has been agreed...Read More

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (up 150.10 points to 16,567.42, a record close)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 0.55 per cent, to $5.40 on 7.9 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 12 cents, or 2.61 per cent, to $4.47 on 5.7 million shares.Prometic Life...Read More

TORONTO - A broad-based relief rally helped Canada's main stock index close at a record high, while U.S. stock markets also pushed higher.The Toronto Stock Exchange's S&P/TSX composite index closed up 150.10 points at 16,567.42 to top the record set on Tuesday.In New York, the Nasdaq composite index closed up 107.30 points at 7,823.92 to also set a record high. The Dow Jones industrial average...Read More

Both Chinese cobalt tetroxide and sulfate spot prices edged down on Wednesday July 12 due to seasonal low consumption, with some refineries lowering their offer prices to secure sales despite high raw material costs. Metal Bulletin's China cobalt tetroxide spot price dropped to 390,000-420,000 yuan ($58,492-62,992) per tonne during the midweek session, down 2.4% from 400,000-430,000 yuan per...Read More