A plasma melting facility at Bulgaria's Kozloduy nuclear power plant has started operations, heralding a breakthrough in nuclear waste disposal to boost the decommissioning process, the European Bank for Reconstruction and Development (EBRD) announced today. Decommissioning work is under way at four of Kozloduy's six units (Image: EBRD)The technology allows for treatment of waste with a minimum r...Read More
Base metals prices on the London Metal Exchange were mostly down during morning trading on Tuesday July 10, led by a significant drop in zinc prices, while ongoing uncertainty around Sino-US trade relations hampers the complex.Falling more than 3% over the morning, zinc prices are trading at their lowest point since June 2017 as the metal continues to struggle against a tight fundamental backdrop....Read More
Base metals prices on the Shanghai Futures Exchange were mixed during Asian morning trading on Tuesday July 10 with most of the complex oscillating either side of unchanged, while zinc was the early session's weakest performer with a drop of 1.7%.The most-traded August zinc contract fell to 21,820 yuan ($3,295) per tonne as at 10.23am Shanghai time, a drop of 385 yuan per tonne or 1.7% from Monday...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJul 10, 2018 For thousands of years, alchemists have dreamed of creating gold out of thin air.Arguably, today's alchemists are gold analysts obsessed with calling "market tops and bottoms". The relentless search for this holy market grail doesn't build retained gold market wealth.That's...Read More
Michael Lillja will leave his position as head of marketing at Finnish speciality alloys company Afarak on September 1.He will start a new position within the steel and alloys sector on September 3."It has...Read More
The economy is melting down - the only support for the Propaganda Narrative of a "booming economy" is a rising stock market. Without a doubt Trump has ordered the Working Group on Financial Markets - AKA "the Plunge Protection Team" - to push stocks higher for now so insiders can unload.The huge jump in credit card debt reported yesterday by the Fed was received as "good news" for consumer spend...Read More
Global ferro-vanadium and vanadium pentoxide (V2O5) prices experienced considerable gains over the past week, taking their cue from strength in the Chinese domestic market. Chinese ferro-vanadium, V2O5 export prices rise in response to strength in domestic market European ferro-vanadium prices strengthen in line with Chinese market European V2O5 prices surge on supply concerns US FeV market conti...Read More
Global ferro-vanadium and vanadium pentoxide (V2O5) prices experienced considerable gains over the past week, taking their cue from strength in the Chinese domestic market. Chinese ferro-vanadium, V2O5 export prices rise in response to strength in domestic market European ferro-vanadium prices strengthen in line with Chinese market European V2O5 prices surge on supply concerns US FeV market conti...Read More
Antimony prices were stable in Europe over the past week, while prices in China moved down slightly amid continued sluggish demand. Prices for antimony with bismuth content below 100ppm or trioxide-grade in-warehouse Rotterdam stood at $7,900-8,150 per tonne on Friday, unchanged from the mid-week assessment when prices had remained stable."I've been trying to get offers below the Metal Bulletin lo...Read More
Turkish steel producers have resumed their deep-sea purchases of scrap for delivery in August following a downturn in prices, sources said on Tuesday July 10.Four deep-sea cargoes were heard traded on Tuesday, three of which were sold out of the United States, Metal Bulletin was told.A steel mill in the Izmir region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $348 per tonne,...Read More
Drilling operations at Erdene's Bayan Khundii gold project in southwest Mongolia. Source: Erdene Resource Development Corp.Erdene Resource Development Corp. [ERD-TSX; ERDCF-OTC] has released results for the third series of drill holes from its second quarter 2018 drill program at the company’s 100%-owned Bayan Khundii gold project in southwest Mongolia.“The final results from our Q2 Ba...Read More
Drilling at the Las Minas Project in Veracruz State, Mexico. Source: Mexican Gold Corp.Mexican Gold Corp.‘s [MEX-TSXV; MEXGF-OTCQB; 4QW1-FSE] field exploration program at Pueblo Nuevo, part of the La Minas Project 270 km east of Mexico City in Veracrus State, Mexico, continues to yield high-grade sampling results. Recent assays from sampling of newly discovered surface outcrops and historica...Read More
Comex copper prices slipped in morning trading on Tuesday July 10, with the threat of further tit-for-tat tariffs between the United States and China exacerbating concerns about demand for metals.Copper for September settlement on the Comex division of the New York Mercantile Exchange fell 1.3 cents or 0.5% to trade recently at $2.8370 per lb. Continued uncertainty surrounding trade relations...Read More
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (up 96.38 points to 16,548.72, a record high)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up 14 cents, or 2.66 per cent, to $5.40 on 11.6 million shares.Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 22 cents, or 4.92 per cent, to $4.69 on 5.3 million shares.Neovasc Inc. (TSX:NVC)...Read More
When I was a young lad in the late 1970s, my older brother had an Aerosmith concert t-shirt back when they were jacked up on heroin and cocaine. The shirt read "Night in the Ruts" on the front. On the back, the "N" and "R" were crossed out and transposed with a graffiti font, and it read "Right in the Nuts."To my adolescent mind, it was coolest shirt in the known universe, though my brother would...Read More
Avesoro Resources Inc. (TSX: ASO, AIM: ASO) is engaged in the exploration and development of gold deposits in highly prospective and under-explored areas of Liberia, Burkina Faso and Cameroon. The company's vision is to become a premier, mid-tier, West African gold producer and developer. It plans to achieve this in two ways. First, by focusing on resource definition and conversion to expand Miner...Read More
Brazilian domestic prices for hot-rolled coil (HRC) and hot-dipped galvanized coil (HDG) have increased only marginally in July, with local producers struggling to apply previously announced price increases.Flat steel companies in the country have been trying to raise prices since early June, but strong competition is getting in the way of the adjustment."The market got messy [and] each client is...Read More
Import prices for some flat steel products in the United Arab Emirates and Saudi Arabia decreased this week because of lower offer and deal prices, sources told Metal Bulletin on Tuesday July 10.There is a liquidity shortage among some contractors, who are not receiving payments on time, sources said, while the seasonal slowdown continues.UAEMetal Bulletin's weekly price assessment for UAE imports...Read More
Vancouver, British Columbia - July 10, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Seahawk Ventures Inc. (CSE: SHV) ("Seahawk") increases property holdings in the Urban-Barry mining area by 287% to 49,988 acres with a phased acquisition over 3 years. Seahawk's property holdings will increase from 6,495 to 18,611 hectares with the final acquisition of Skyfall property. The newest acquisition...Read More
Vancouver, British Columbia - July 10, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Cornerstone Metals Inc. (TSXV: CCC) (OTCQB: CCCCF) (FSE: 1PY) ("Cornerstone" or the "Company") is pleased to provide a project update on drilling plans, preliminary engineering, metallurgy and environmental studies on its Carlin Vanadium Project, south of Carlin, Nevada.The Company has secured a drill contrac...Read More