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EUROPE ALLOY STEEL SURCHARGE: July values hit seven-year high on nickel costs

June 28, 2018 / www.metalbulletin.com

European alloy steel surcharges for July deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the sixth consecutive month on an increase in nickel costs to reach their highest level since June 2011. The July alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,624-1,648 ($1,886-1,914) per tonne. Th...Read More

Oil giant BP buys UK's largest EVs charging company

June 28, 2018 / www.metalbulletin.com

Oil and gas conglomerate BP plc is to buy Chargemaster, the UK's largest electric vehicles (EVs) charging company, and plans to deploy the network across its forecourts in the country over the next 12 months. The charging company, to be rebranded BP Chargemaster, has over 6,500 charging points across the UK through its Polar network. The company also designs, builds, sells and maintains EV chargin...Read More

Oil giant BP buys UK's largest EVs charging company

June 28, 2018 / www.metalbulletin.com

Oil and gas conglomerate BP plc is to buy Chargemaster, the UK's largest electric vehicles (EVs) charging company, and plans to deploy the network across its forecourts in the country over the next 12 months. The charging company, to be rebranded BP Chargemaster, has over 6,500 charging points across the UK through its Polar network. The company also designs, builds, sells and maintains EV chargin...Read More

Will the Full Moon Mark a Turning Point for Gold and Silver?

June 28, 2018 / www.321gold.com

Bob Moriarty ArchivesJun 28, 2018For several months I have been beating the drum saying that there would be a tradable low for the precious metals in the June/July timeframe. The way to be fairly certain would be using theCommitment of Traders report and Daily Sentiment Indicator to mark an extreme of sentiment. I was looking for the DSI to go below 10 and the COTs to reflect major bearish sentime...Read More

The Yield Curve Is The Economy's Canary In A Coal Mine

June 28, 2018 / investmentresearchdynamics.com

The economy has hit a wall and is now sliding down it. I don't care what bullish propaganda may or may not be bubbling up in the headlines from the financial media and Wall Street, the hard numbers I look at everyday show accelerating economic weakness. The fact that my view is contrary to mainstream consensus and political propaganda reinforces my conviction that my view about the economy is corr...Read More

EGA on track to commence Guinea bauxite exports in H2 2019

June 28, 2018 / www.metalbulletin.com

Bauxite exports from Emirates Global Aluminium's (EGA) Guinea Alumina Corp subsidiary will begin in the second half of 2019, while integrated aluminium companies are seeking to secure upstream supply to shield themselves from volatile alumina prices. Construction at the project has reached 50% completion, EGA said on Wednesday June 27. At full capacity, Guinea Alumina will produce 12 million tonne...Read More

NEWSBREAK: Chinese copper smelters see Q3 TCs at $90/t but do not set official price floor - sources

June 28, 2018 / www.metalbulletin.com

China's 10 largest copper smelters have assessed current treatment charges (TCs) at above $90 per tonne at a meeting on Thursday June 28 without officially disclosing its base level for the third-quarter procurement, Metal Bulletin has learned. The China Smelters Purchase Team (CSPT) agreed during a meeting in Manzhouli, Inner Mongolia, to discuss the minimum levels for TCs from July to September,...Read More

Oil giant BP buys UK's largest EVs charging company

June 28, 2018 / www.metalbulletin.com

Oil and gas conglomerate BP plc is to buy Chargemaster, the UK's largest electric vehicles (EVs) charging company, and plans to deploy the network across its forecourts in the country over the next 12 months. The charging company, to be rebranded BP Chargemaster, has over 6,500 charging points across the UK through its Polar network. The company also designs, builds, sells and maintains EV chargin...Read More

DAILY SCRAP REPORT: Turkish mills book more scrap for August

June 28, 2018 / www.metalbulletin.com

Turkish steel producers continued their deep-sea scrap purchases for August deliveries on Thursday June 28.A steel mill in northern Turkey booked a Canadian cargo, comprising 30,000 tonnes of shredded and 20,000 tonnes of HMS 1&2 (90:10) at an average price of $368 per tonne cfr.And a steel mill...Read More

Shamrock Enterprises planning to explore BC projects

June 28, 2018 / resourceworld.com

Sampling at Shamrock's Topley Project in the Bulkley Valley, 100 km southeast of Smithers, BC. Left to right: Mike Middleton, Lorne Warren and Clayton Gush. Photo courtesy Shamrock Enterprises Inc.Shamrock Enterprises Inc. [SRS-CSE] is currently raising exploration funds for its projects in northern British Columbia, including a $250,000 private placement and a $400,000 flow-through unit offering....Read More

LIVE FUTURES REPORT 28/06: Comex copper crashes to Aug 2017 low

June 28, 2018 / www.metalbulletin.com

Comex copper prices tumbled to the lowest price since August 2017 this morning in the US, with bearish investors capturing the market due to threats of an impending trade war.Copper for September settlement on the Comex division of the New York Mercantile Exchange crashed 4.45 cents or 1.5% to $2.9400 per lb. The contract is now trading at the lowest point since mid-August and has fallen in 10 of...Read More

NxGold finds sources of Mt. Roe gold nuggets

June 28, 2018 / resourceworld.com

Gold nuggets recovered from the Mt. Roe Project in the Pilbara region of Western Australia. Source: NxGold Ltd.NxGold Ltd. [NXN-TSXV] rallied Thursday June 28 after the company said initial trenching work at its Mt. Roe Project in the Pilbara region of Western Australia has confirmed the source of gold nuggets found on the property.The company has previously said that gold nuggets found at Mt. Roe...Read More

METALS MORNING VIEW 28/06: Mild dip-buying returns to base metals complex

June 28, 2018 / www.metalbulletin.com

Three-month base metals prices on the London Metal Exchange were marginally higher during morning trading on Thursday June 28, with the complex up by an average of 0.2%. Nickel led the gains with a 0.7% increase to hover near $15,000 per tonne, followed by aluminium that was up by 0.3%, while lead and tin edged up by 0.1% and copper and zinc were little changed.Volume has been quite light with 3,7...Read More

Oil giant BP buys UK's largest EVs charging company

June 28, 2018 / www.metalbulletin.com

Oil and gas conglomerate BP plc is to buy Chargemaster, the UK's largest electric vehicles (EVs) charging company, and plans to deploy the network across its forecourts in the country over the next 12 months. The charging company, to be rebranded BP Chargemaster, has over 6,500 charging points across the UK through its Polar network. The company also designs, builds, sells and maintains EV chargin...Read More

Most actively traded companies on the TSX

June 28, 2018 / www.canadianinvestor.com

Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,179.89, down 51.36 points)Canopy Growth Corp. (TSX:WEED). Health care. Up $3.58, or 9.69 per cent, to $40.51 on 10.9 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 45 cents, or 5.02 per cent, to $9.41 on 9.6 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipm...Read More

Predictions of pipeline protest violence derided by organizers from both sides

June 28, 2018 / www.canadianinvestor.com

CALGARY - Pro-pipeline activists who hit the streets in increasing numbers this year to try to drown out anti-pipeline picketers plan to continue to confront their adversaries, even in the face of predictions of protest line violence.Stay-at-home mom and part-time activist Nicole Wapple, 37, of Red Deer, Alta., has been posting information on social media and occasionally taking part in pro...Read More

China cobalt prices under pressure amid sluggish demand, half-year end financial constraints

June 28, 2018 / www.metalbulletin.com

Both Chinese cobalt metal and salts prices trended lower at the midweek pricing session due to weak demand and an urgency among sellers to square books at the half-year end. Metal Bulletin's Chinese cobalt metal price narrowed to 540,000-550,000 yuan per tonne (approximately $31.99-32.59 per lb, China VAT-free) on Wednesday June 27 from 540,000-560,000 yuan per tonne on June 22. The Jinchuan...Read More

Investing in High Times: The Most Trusted Brand in Cannabis

June 28, 2018 / www.energyandcapital.com

It was a treasure trove of sin and happiness.A lone oak tree that rested peacefully in the middle of an open field that separated two neighborhoods.A circular path surrounding the sturdy trunk had developed over the years, where local kids had set up empty milk crates that served as chairs and tables. Next to the tree sat a busted up wooden box where, every few weeks or so, a new issue of Playboy,...Read More

Interview with Ross McElroy President, COO and Chief Geologist, Fission Uranium Corp (TSX: FCU, OTCQX: FCUUF): Major Exploration Success by Award Winning Team and Strong Prospects

June 28, 2018 / www.metalsnews.com

Fission Uranium Corp (TSX: FCU, OTCQX: FCUUF) owns the award-winning Patterson Lake South uranium property, host to the near-surface, high-grade Triple R deposit, part of the largest mineralized trend in the Athabasca Basin region. We learned from Ross McElroy, who is President, Chief Operating Officer and Chief Geologist of Fission Uranium, that what makes the Triple R deposit unique, within the...Read More

Levon Resources Ltd. (TSX: LVN): Exploring One of the World's Largest Silver Resources, Interview with Ron Tremblay, President and CEO

June 28, 2018 / www.metalsnews.com

Levon Resources Ltd. (TSX: LVN) is exploring one of the world's largest silver resources at the company's 100%-owned Cordero Project in northwest Mexico. We learned from Ron Tremblay, President and Chief Executive Officer of Levon Resources, that they recently announced a 30% increase in the resource, which is now one and three-quarter billion silver ounce equivalent and a PEA, which is giving the...Read More

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