Prices for vanadium pentoxide (V2O5) jumped in China and Europe in the week ended Friday June 22, buoyed by tight supply in the spot market, while US ferro-vanadium quotations stabilized though low availability persists there. China's vanadium export prices jump on domestic tightnessEuropean vanadium market moved higher owing to tight spot cargoes US ferro-vanadium market largely was stable,...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJun 26, 2018I don't like to spend a lot of time in the grocery store but I love the price sales, and gold's superb seasonal price sale continues in orderly fashion. Astute investors are now calmly booking fabulous gold and silver put option profits, and filling their "grocery carts" with...Read More
Ferro-chrome prices are rising in China amid domestic smelters shutdowns and South African supply concerns. Domestic ferro-chrome production shutdowns push up alloy prices in China South African charge chrome prices jump Ore prices continue to edge higher No impact from China tightness on Japan, South Korea European prices hold at 2018 high Imported ferro-chrome prices kept rising in China on Frid...Read More
Being huge, consequential and technologically advanced, China isn't normally lumped into the "emerging" category with Brazil and Argentina. To most observers they've already left the kids table and are now seated with the developed-world adults. But that might be premature. A big part of China's economic ascendance was purchased with borrowed money - including a lot of US dollars - and came at the...Read More
Cobalt prices drifted lower again last week in thin trading conditions, with buyers continuing to secure their minimum required volumes, or postponing purchases in a falling market. Low-grade cobalt and high-grade cobalt prices were assessed at $40.35-41.25 per lb, in-warehouse on Friday June 22, down 0.6% and 0.9% respectively over the course of the week. Spot activity has been limited since May...Read More
Antimony prices in both Europe and China have fallen further over the past week, after sentiment was dampened by sluggish demand.Metal Bulletin assessed MMTA standard grade II delivered, duty paid antimony prices at 51,500-52,000 yuan ($7,917-7,993) per tonne on Wednesday June 20, down by 500 yuan from one week ago. "Demand from downstream industries [both] domestically and globally is dull,...Read More
The Colomac Project exploration camp in the Northwest Territories. Photo courtesy Nighthawk Gold Corp.Nighthawk Gold Corp. [NHK-TSXV, OTC-MIMZF] on Tuesday June 26 announced drilling results from the North Inca gold deposit in the Northwest Territories.North Inca is one of four gold deposits located within the company's Leta Arm gold project. It straddles a well-mineralized deformation zone that i...Read More
Nevsun's Timok copper-gold project in Serbia. Source: Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX; NYSE American], the target of a takeover proposal by Euro Sun Mining Inc. [ESM-TSX, CPNFF-OTC] and Lundin Mining Corp. [LUN-TSX; LUMI-Sweden], on Tuesday June 26 announced the initial resource for the Lower Zone deposit at its Timok copper-gold project in Serbia.With this news now out in the...Read More
Comex copper prices traded at the lowest point since March 2018 on Tuesday June 26 with threats of a growing trade war weighing on the metals complex. Copper for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.40 cents or 0.1% to $2.9830 per lb. Earlier, the contract touched $2.9795, the lowest since March 26. "Copper has slipped since mid-June due to growin...Read More
Global markets stabilized on the morning of Tuesday June 26 amid easing trade tensions, while three-month base metals prices on the London Metal Exchange consolidated after their weakness on Monday.Copper, nickel and zinc were all up by 0.2%, lead was unchanged, while aluminium and lead were the stragglers - down by 0.1% and 0.3% respectively. On an average basis, the base metals were unchanged th...Read More
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,280.09, up 96.13 points)Aurora Cannabis Inc. (TSX:ACB). Health care. Down 26 cents, or 2.68 per cent, to $9.43 on 9.9 million shares. The medical marijuana producer has signed a loan deal with the Bank of Montreal (TSX:BMO). Bank. Down 16 cents, or 0.16 per cent, to $101.91 on 1.7 million sh...Read More
Cobalt prices drifted lower again last week in thin trading conditions, with buyers continuing to secure their minimum required volumes, or postponing purchases in a falling market. Low-grade cobalt and high-grade cobalt prices were assessed at $40.35-41.25 per lb, in-warehouse on Friday June 22, down 0.6% and 0.9% respectively over the course of the week. Spot activity has been limited since May...Read More
Oil Surges: WTI at $68, Brent Hits $74.52The Wall Street Journal is reporting an OPEC oil production boost:OPEC ministers tentatively agreed to a deal to join other big producers in adding around 600,000 barrels a day of oil to global markets, according to people familiar with the matter.The agreement is in principle only and involves so-called effective barrels-or "real" barrels that will actuall...Read More
Goliath Resources Limited (TSX-V: GOT, Frankfurt: B4IE) is a project generator of precious metals projects, focused in the prolific Golden Triangle and surrounding area of northwestern British Columbia. It controls 100% of four highly prospective properties that include Bingo, Golddigger, Lucky Strike and Copperhead, covering over 44,000 hectares.All four properties have brand new discoveries, nev...Read More
Rise Gold Corp. (CSE: RISE, OTCQB: RYES) owns 100% of the major past-producing, high-grade Idaho-Maryland gold mine, located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States' greatest past producing gold mines, with total past production of 2,414,000 oz. of gold at an average mill head grade of 17 gpt gold from 1866-1955. We learned from Ben Mossman,Presi...Read More
The hot-rolled (HR) and cold-rolled (CR) steel sheet markets in Russia's central region around Moscow remained weak this week on lower demand than expected during the summer period. The World Cup football tournament, hosted in Russia (June 14-July 15), has had an effect on market activity as well, sources told Metal Bulletin. "Demand was lower than expected even in early June before the World Cup...Read More
Montreal, Quebec - June 26, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) ("Maple Gold" or the "Company") is pleased to report additional drill results from the western half of the Porphyry Zone within the current Resource Area at the Douay Property. Within this area (see Figure 1) a total of eight (8) infill and step-out holes were...Read More
June 26, 2018 (Investorideas.com Newswire) A Haywood Securities note described this company's recently announced corporate strategy, which includes spinning out its copper assets.In a June 21 research note, analyst Kerry Smith with Haywood Securities reported that Equinox Gold Corp. (EQX:TSX.V) intends to spin out its copper assets, three of which have upside potential, into a new corporation call...Read More
June 26, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold explains why he believes a tradable low is near and discusses one micro-cap gold explorer.Investors are utterly irrational in their buying habits. Imagine for a moment if you will, an investor in a nice gold stock watches his shares drop 25%, does he buy or sell?Well, in my experience, the average investor will sell based on nothi...Read More
June 26, 2018 (Investorideas.com Newswire) Money manager Adrian Day discusses two resource companies in his portfolio that he finds are buys at current levels.Nevsun Resources Ltd. (NSU:TSX; NSU:NYSE.MKT, US$3.31)continues to make progress on advancing the Timok property in Serbia, as well as turning around Bisha in Eritrea. Earlier in the month, Nevsun started construction of the exploration decl...Read More