Base metal prices were lower on the London Metal Exchange at the close of trading on Thursday April 19, despite aluminium volumes reaching a record-high 41,000 lots.Both nickel and aluminium's three-month prices soared to multi-year highs during the day, but closed on a downward move. Nickel's intraday price difference surpassed Wednesday's record of $1,670 per tonne, reaching $1,810 per tonn...Read More
Novelis has said it is no longer purchasing fresh aluminium produced by Rusal and it will continue to use pre-sanctioned metal, a spokesperson told Metal Bulletin in an email on Thursday."Novelis will continue to get raw material (prime) from Rusal, but only and exclusively pre-sanctioned material. Pre-sanctioned means prime [material] in [London Metal Exchange warehouses] owned by our traders and...Read More
Below is a must-read essay from a friend and colleague of mine, Chris Marcus, who is a former options trader (Wharton MBA) that now lives in Denver. Many of you may not be aware, but Mark Cuban made his fortune the old fashioned way - he was lucky to be in the right place at the right time. Cuban owned Broadcast.com (a relic of the 1990's tech bubble). Yahoo.com used tech bubble stock "wampum"...Read More
Japanese chemical compounds supplier Showa Denko (SDK) has set up a wholly owned subsidiary in China to distribute its range of battery materials to the local market, to capitalize on the rapidly growing electric vehicles (EVs) market in the Asian country.Showa Denko Battery Materials (Shanghai) (SDBM) will serve the Chinese market with the company's Advanced Battery Materials range of products. T...Read More
China-based cathode supplier Easpring believes demand for battery materials will be driven by the rapid expansion of the new energy vehicles (NEVs) sector worldwide. Demand for battery materials including nickel, cobalt and lithium will grow in 2018, supported by a positive outlook for the cathode market on the increasing use of NEVs, according to Li Jianzhong, general manager of cathode specialis...Read More
Alumina prices stabilized at higher levels on Thursday April 19, while the market digested recent sharp gains and awaited the results of two spot tenders in the Pacific. Metal Bulletin's daily fob Australia alumina index settled at $672.50 per tonne today, unchanged from the previous day's calculation. Spot prices are up 41% from a week ago, after concerns over tight supplies of the raw mater...Read More
Sometimes you come across stories that sound 'too good to be true'. But when a patented technology to convert used motor oil into useable products has been vetted, confirmed and approved by at least three independent parties (including the Wood Group and Stantec), there must be something to it. On top of that, a 5 barrel per day pilot plant also confirmed the technology really works. And this make...Read More
BHP has raised the zinc production guidance from its Antamina operation in Peru to around 110,000 tonnes from 100,000 tonnes for the fiscal year ending June 30, 2018, according to the miner's quarterly report released on Thursday April 19.The revision comes after zinc production attributable to BHP at Antamina rose 43.5% year on year to 83,817 tonnes of payable metal in concentrate in the nine mon...Read More
BHP has cut its full-year iron ore guidance after production in the March quarter came in well below expectations.Kristie BattenBHP reduced full-year guidance for Olympic Dam due to a slower-than-expected ramp-up19 APRIL 201819/04/2018commentsshareIron ore shipments for the quarter were 58 million tonnes, up 8% year-on-year, but down by 6% quarter-on-quarter.UBS had forecast a strong rise in shipm...Read More
Maclean Battery electric BT3 Boom TruckHeadquartered in Collingwood, Ontario, and serving some 23 countries, MacLean Engineering has been developing underground mining equipment for over 45 years. Family-owned MacLean Engineering has a large manufacturing footprint. Besides the main offices, the company has an 65,000 square foot facility in Collingwood, an 60,000 square foot facility in Owen Sound...Read More
South32 has increased its full year 2018 manganese ore production guidance by 6% amid strong demand and record operating performance at its Australia unit.Manganese ore prices rose sharply in late 2017 due to the strong demand, particularly from China, but have been sliding since late March. Metal Bulletin's 37% manganese ore index, fob Port Elizabeth rose as high as $7.57 per dry metric tonne uni...Read More
Aurora Cannabis Inc. (TSX:ACB) plans to build a cannabis growing facility that would produce ~150,000 kgs annuallySmallCapPower | April 19, 2018: Aurora Cannabis Inc. (TSX:ACB) Monday announced that it plans to build a massive 1.2 million sq. ft. facility in Medicine Hat, Alberta that would produce ~150,000 kgs annually on completion. For this purpose, Aurora Cannabis has acquired ~71 acres of l...Read More
The gold juniors on our list have seen strong returns over the past monthSmallCapPower | April 19, 2018: Gold prices have increased over the past month, driven by Syrian geopolitical tensions, up to US$1355/oz. from US$1310/oz. one month ago. The gold juniors on our list today have seen average returns of 22%, outperforming the GDXJ, which increased 6% over the same period. Strong exploration resu...Read More
TORONTO - A subsidiary of Toronto-based Barrick Gold Corp. says gold production at its Tanzanian operations plunged 45 per cent last quarter as it grappled with export restrictions from the country.London-based miner Acacia Mining, owned 64 per cent by Barrick, says the drop in production resulted from reduced operations at its Bulyanhulu mine and producing mostly from lower-grade stockpiles a...Read More
"I will tell you how to become rich.Be fearful when others are greedy. Be greedy when others are fearful."If you know anything about Warren Buffett, you know this quote really defines his investment strategy.It's how the Oracle of Omaha became one of the richest people in the world, and it's how guys like me have been able to build significant wealth.I'm not saying I have anywhere near the swagger...Read More
Mustang Resources Ltd. (ASX: MUS) is a Mozambique-focused emerging multi-commodity developer and explorer, currently fast-tracking the development of its Montepuez Ruby and Caula Graphite and Vanadium projects, located adjacent to each other in northern Mozambique. We learned from Dr. Bernard Olivier, Managing Director of Mustang Resources, that they are focusing on the development of their ruby p...Read More
Turkish steel producers skipped Thursday April 19 with no deep-sea bookings, although another booking from the previous day came to light.A steel producer in the Iskenderun region booked a European cargo of 30,000 tonnes of HMS 1&2 (80:20) at $348 per tonne cfr on Wednesday. However, the cargo was sold before a Baltic Sea trade was done at...Read More
Brandon Ingram Averaged 16.1 PPG, 5.3 RPG, 3.9 APG in his 2nd season with the Lakers.Subscribe for more content! NO Copyright Infringement Intended! The National Basketball Association (NBA) are the rightful property owners of ALL of the footage displayed in this video.Read More
This article was written by Nicholas West and originally published at Activist PostAmid the ongoing Facebook/Cambridge Analytica debacle over their general surveillance and misuse of users' private data, there is an emerging trend that is infinitely more disturbing.The first story popped up in the UK yesterday where police admitted to using a photo sent through WhatsApp to cull fingerprints for e...Read More
Via Sovereignman.comIn January 1980, the price of gold hit a record high of $850 per ounce. Then it began a nearly two-decade slide.By the summer of 1999, gold hit $250 per ounce- a level not seen since the 1970s.So naturally it was at this point that the British government made the infamously stupid decision to sell the bulk of their gold reserves.They began dumping their gold on July 6, 1999. An...Read More