In his final column for Metal Bulletin, Lord Copper looks over the events that have shaped the metals industry during his tenure and considers and what might be in store over the coming years.ValeteWell, it's been a good run since December 2009 but now has come the parting of the ways. This is the last time Lord Copper will grace the pages - or, rather, the pixels - of Metal Bulletin. Looking back...Read More
Base metals on the London Metal Exchange were mixed at the close of trading on Thursday July 5, pressured by macroeconomic uncertainty amid continued sell-offs in copper, zinc and tin prices.While zinc prices continue to be hampered by a flurry of short-covering, the metal's three-month price avoided another drop below the nearby support level of $2,700 per tonne at the afternoon close. In ad...Read More
Uranium trader Yellow Cake PLC (LON:YCA) has made its debut on AIM this morning (Thursday July 5).Yellow Cake - a nickname for uranium - is backed by Bacchus Capital, the corporate finance boutique set up in 2016 by a group of senior bankers led by Peter Bacchus.The company reckons Uranium is structurally mis-priced and will make its money from stockpiling the radioactive metal, commodity streamin...Read More
Former Trafigura base metals trader Ben Thomson has joined Viant Commodities to look after the company's European business, Metal Bulletin has learned. Thomson joined the Singapore-headquartered trading company last month. He was the head of the base metals Singapore desk at Trafigura until January this year, having joined in 2013...Read More
In his final column for Metal Bulletin, Lord Copper looks over the events that have shaped the metals industry during his tenure and considers and what might be in store over the coming years.ValeteWell, it's been a good run since December 2009 but now has come the parting of the ways. This is the last time Lord Copper will grace the pages - or, rather, the pixels - of Metal Bulletin. Looking back...Read More
Metal Bulletin proposes to divide its existing 0.10% C low-carbon ferro-chrome product into two products according to chromium content. At present Metal Bulletin includes all price points for low-carbon ferro-chrome with a carbon and chromium content of 0.10% and 60-70% chrome respectively into the existing low-carbon ferro-chrome (0.10% C avg 60-64.9% Cr) delivered consumer works Europe $/lb...Read More
In his final column for Metal Bulletin, Lord Copper looks over the events that have shaped the metals industry during his tenure and considers and what might be in store over the coming years.ValeteWell, it's been a good run since December 2009 but now has come the parting of the ways. This is the last time Lord Copper will grace the pages - or, rather, the pixels - of Metal Bulletin. Looking back...Read More
Chinese cobalt metal prices fell to a seven-month low on Wednesday July 4, with buyers taking a step back to watch international prices that have continued to fall in recent weeks. Meanwhile, the gap between suppliers' expectations and buyers' bids widened further after local futures prices dipped to a fresh annual low. Metal Bulletin's spot Chinese domestic cobalt metal price dropped to 530,...Read More
The Turkish deep-sea scrap import market remained silent on Thursday July 5, due to continuing weak demand in the country's finished steel markets, according to sources.After finishing bookings for July deliveries, Turkish steel producers have gone quiet as demand for finished steel in both the local and export markets has failed to bounce back after the country's presidential and general election...Read More
Exploring the Boreal Metals Tynset VMS Project in Norway. Source: Boreal Metals Corp.Boreal Metals Corp. [BMX-TSXV] has commenced fieldwork and exploration programs at its Tynset polymetallic VMS (volcanic massive sulphide) project in Norway. The Tyset Project is located in the historic Roros district, Norway's most prolific base metal district."We are excited to announce the commencement of the T...Read More
Drilling at Allegiant Gold's Eastside gold project near Tonopah, Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV] on Thursday July 5 announced a private placement financing and a strategic investment by Goldcorp Inc. [G-TSX; GG-NYSE]. Proceeds will be used to fund the company's drilling programs, mainly in Nevada, Allegiant said.Allegiant shares rallied on the news, rising 5.8% o...Read More
Comex copper prices crashed to a one-year low on Thursday morning in the United States with market sentiment in the red metal affected by fears of an escalating trade war as well as thin trading. Copper for September settlement on the Comex division of the New York Mercantile Exchange tumbled 6.40 cents or 2.2% to $2.8530 per lb. Earlier, the contract touched $2.8370, the lowest since July 2017. T...Read More
GODERICH, Ont. - Unifor says striking workers at a salt mine in Goderich, Ont., are now blockading an access road to the site to express frustration over the company's use of replacement workers.The workers at Compass Minerals on the eastern shore of Lake Huron have been off the job since April 27.Unifor alleges the company has been flying in replacement workers from New Brunswick to break the str...Read More
Three-month base metals prices on the London Metal Exchange broadly continued their recent run of weakness on the morning of Thursday July 5. Nickel prices were unchanged, while the rest of the complex was down by between 0.3% for copper ($6,382 per tonne) and 0.7% for aluminium ($2,089 per tonne). Volume has been above average with 8,855 lots traded as at 7:17am London time.This follows a general...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
Jacob Sanders was a beast.He wrestled in high school, played football in college, and ultimately competed in a number of Iron Man competitions.At 28, he became a personal trainer who worked with professional athletes and amateur fighters. His diet was comprised primarily of organic meats and vegetables. He considered processed foods and sugar the enemies of optimal health, and in all the years I k...Read More
A couple of days ago, I commented on how Mexico's new president could pave the way towards the legalization of cannabis.Here's a link to that article, which offers an early analysis on how this development could benefit cannabis investors: https://www.wealthdaily.com/articles/will-mexicos-new-president-make-cannabis-investors-rich/9301Now the country's new president, Andr?(C)s Manuel L??pez Obrado...Read More
July 5, 2018 (Investorideas.com Newswire) Sector expert Michael Ballanger details his forecast for precious metals markets in the second half of 2018.Given the impressive reversal in gold last Monday, which appeared to occur during the Asian and European trading sessions as opposed to the Crimex pit session, it looks like the precious metals are adhering to the well-broadcasted seasonality trade t...Read More
Winnipeg, Manitoba - July 5, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Gossan Resources Limited (TSXV: GSS) (FSE: GSR) has completed a preliminary drill program totaling 741 metres at its Sturgeon Lake Property in northwestern Ontario. Two of four completed drill holes intersected significant separate widths of footwall style hydrothermal alteration with abundant stringer, semi- and near-...Read More
Vancouver, British Columbia - July 5, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Lupaka Gold Corp. (TSXV: LPK) (FSE: LQP) ("Lupaka Gold" or the "Company") is pleased to report channel sample results conducted vertically within the relief raise development at the Company's 100% owned Invicta Gold Development Project ("Invicta Project" or "Invicta").Sampling Program Highlights:Channel sample...Read More