The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange's business development manager. The contracts are aimed at the domestic markets in the United States and in Europe as well as the Chinese export market, said Marko Kusigerski...Read More
The Integra Resources DeLamar Project in southwestern Idaho. Source: Integra Resources Corp.Integra Resources Corp. [ITR-TSXV; IRRZF-OTCQX] reported assay results June 25 from a further three drill holes completed in its 2018 drill program on the DeLamar Gold and Silver Project located in the historic Owyhee County mining district of southwestern Idaho. This second round of drill results released...Read More
at the Lithium Americas Thacker Pass lithium project in Humboldt County, Nevada. Source: Lithium Americas Corp.Lithium Americas Corp. [LAC-TSX, NYSE] provided results of a Preliminary Feasibility Study (PFS) for the Thacker Pass lithium project in Humboldt County, Nevada. Unless otherwise stated, all figures U.S. dollars and are on a 100% equity project basis. Thacker Pass is located in the McDerm...Read More
Turkish deep-sea scrap markets remained quiet on Monday June 25 due to the uncertainty in the market following the general elections in Turkey.Preliminary results from Turkey's presidential election on Sunday June 24 gave Recep Tayyip Erdogan a commanding lead, while his ruling Justice and Development Party (AKP) failed to win majority of the 600 parliamentary seats. However, the 'People's Al...Read More
China is working toward implementing a complete ban on imports of solid waste, including all metal scrap, by the end of 2020, the country's State Council said on Sunday June 24. The cabinet said the country vows to substantially cut the amount of solid waste imports and eventually prohibit its imports in less than two years' time in an attempt to reduce soil pollution caused by waste processing, a...Read More
Comex copper prices started another week in negative territory with global trade volatility preventing a recovery. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 1.40 cents or 0.5% to $3.0130 per lb. Volatile global trading conditions continue to dampen investment after the United States' most recent announcement of a 20% import tariff on EU car im...Read More
Don't believe your politicians...The threat of a nuclear war is still very real.President Trump has done a good job convincing his voter base that he's making progress with North Korean relations.But the fact is, North Korea has promised denuclearization dozens of times in the past. Why should we believe them now?We shouldn't.Nor should we trust what our own politicians say.On June 13th, President...Read More
Paramount Gold Nevada Corp. (NYSE American: PZG) is a U.S based, precious metals exploration company, with a mineral inventory exceeding 6 million ounces of gold equivalent to shares outstanding, providing its shareholders with exceptional leverage to the gold price. Paramount owns 100% of the Grassy Mountain Gold Project, which consists of approximately 9,300 acres located on private and BLM land...Read More
Vancouver, British Columbia - June 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) ("Defiance") is pleased to announce that it has completed its acquisition of MAG Silver Corp.'s ("MAG") Zacatecas Silver District holdings and its regional exploration database covering 135,000ha (see News Release dated June 13, 2018). As consideration for the sa...Read More
Phoenix, Arizona - June 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQX: EXMGF) ("Excelsior" or the "Company") announces that the United States Environmental Protection Agency ("EPA") has issued an operating permit, the Class III Underground Injection Control ("UIC") Area Permit, for the Gunnison Copper Project, located in Cochise County,...Read More
Vancouver, British Columbia - June 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Aftermath Silver Ltd. (TSXV: AAG.H) ("Aftermath" or the "Company") is pleased to announce it has entered into a definitive agreement (the "Agreement") with Apogee Opportunities Inc. ("Apogee") to purchase their holding in the Cachinal De La Sierra Silver-Gold Project ("Cachinal" or the "Project") through the...Read More
The European Commission (EC) needs to wait before making a decision in the safeguard case until trade flow changes become clear because, currently, there is no threat to the EU steel market from imports, Tommaso Sandrini, president of Italian steel distributors' association Assofermet told Metal Bulletin.The EC opened an investigation in late March, in an attempt to prevent steel shipments being r...Read More
The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange's business development manager. The contracts are aimed at the domestic markets in the United States and in Europe as well as the Chinese export market, said Marko Kusigerski...Read More
China's domestic hot-rolled coil prices softened further on Monday June 25 amid persistently weak demand, traders told Metal Bulletin.DomesticEastern China (Shanghai): 4,260-4,270 yuan ($655-656) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 4,150-4,170 yuan per tonne, down 50 yuan per tonneMonday's price decline was due to weakening demand as a result of downstream b...Read More
A Walk on the Wild Side "Never play cards with a man called Doc. Never eat at a place called Mom's. Never sleep with a woman whose troubles are worse than your own." - Nelson Algren, A Walk on the Wild Side Fresh Fruit or Rotting Vegetables?A subtle gas seems to always be vented into the atmosphere at the sunset of an extended bull market. As the light fades, an odor that's indiscernible f...Read More
The London Metal Exchange will introduce three regional hot-rolled coil contracts at the start of 2019, coinciding with a change in attitude towards risk management tools for the ferrous sector, according to the exchange's business development manager. The contracts are aimed at the domestic markets in the United States and in Europe as well as the Chinese export market, said Marko Kusigerski...Read More
Liberty House aims to make "more than $5 billion in investments over the next few years" across the United States and Canada following the restart of its rod mill in Georgetown, South Carolina, on Monday June 25."Of this [$5 billion] total, $1 billion is expected to be invested during the coming year to acquire and develop steel, aluminium, engineering, mining, energy generation, and financial ser...Read More
Swedish engineering group Sandvik has signed an agreement to sell its stainless wire business to Zapp Group. The deal includes the production unit in Sandviken, Sweden and the global sales organization, along with selected trademarks and patents and approximately 145 employees, the majority of which are in Sandviken. Revenues for the stainless wire business were 310 million SEK ($34.9 million) in...Read More
CloseGain/LossGold $1265.80-$4.40Silver$16.35-$0.11XAU80.52-1.80%HUI174.14-1.58%GDM612.82-0.83%JSE Gold1061.17-5.41USD94.30-0.25Euro117.02+0.39Yen91.06-0.07Oil$68.08-$0.5010-Year2.875%-0.020T-Bond144.15625+0.1875Dow24252.80-1.33%Nasdaq7532.01-2.09%S&P2717.07-1.37% The Metals: Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New...Read More
By Ira EpsteinGold continues with its gloomy ways.https://iraepstein.com/ Read More