The emerging gold producer said it remained on track to meet or beat its full-year goal of producing 85,000-90,000 ounces of gold.Production at the low-cost South Arturo project was boosted in the first three months of the year by operator Barrick Gold's (TSX:ABX) decision to ramp up processing of ore stockpiled from the phase two openpit.That process is expected to continue in the second quarter,...Read More
SHANGHAI, Apr 18 (SMM) – The US Department of Commerce announced on TuesdayApril 17 that it was launching a new round of anti-dumping and anti-subsidy investigations on certain steel wheels imported from China, SMM learned. The investigations began after two US manufacturers of vehicle components, Accuride Corporation and Maxion Wheels Akron LLC, filed complaints last month. The US...Read More
SHANGHAI, Apr 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 89.4 from a low of 89.215 overnight. Most base metals rose. SHFE copper and nickel dipped, zinc rose over 1%. LME aluminium, zinc, and tin went up over 1%, lead and nickel inched up slightly. Only copper edged down.China’s gr...Read More
SHANGHAI, Apr 18 (SMM) – The US Department of Commerce announced on TuesdayApril 17 that it was launching a new round of anti-dumping and anti-subsidy investigations on certain steel wheels imported from China, SMM learned. The investigations began after two US manufacturers of vehicle components, Accuride Corporation and Maxion Wheels Akron LLC, filed complaints last month. The US...Read More
SHANGHAI, Apr 18 – China's zinc spot market traded more actively on Wednesday April 18 than yesterday. As the SHFE 1805 contract failed to stay firm above 24,000 yuan/mt this morning, downstream demand in Shanghai held steady amid relatively tight supplies, SMM learned.In the Shanghai market, 0# zinc traded at 24,150-24,230 yuan/mt. The 0# common brand traded at a pre...Read More
Prices for domestic hollow sections remain unchanged in Northern and Southern Europe over the week although mills were pushing for price increases, sources told Metal Bulletin on Wednesday April 18.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Southern Europe was unchanged week-on-week at ?,?620-655 ($767-810) per tonne delivered on A...Read More
Adem Tumerkan April 18, 2018 Category: Research When Mr. Market finally catches on - it happens in a blink of an eye. . .In the last 10 days, Mexican Gold Corp’s (CVE:MEX, OTC:MEXGF) share price’s up over 50%. So, what's going on?Last week we wrote an article that covered the spectacular drill results Mexican Gold released.The market is finally starting to realize what huge potential t...Read More
SHANGHAI, Apr 18 (SMM) – China’s copper anode imports have risen as the country continued to expand its copper smelting capacity and as its domestic raw material supply percentage is below 30%.In 2017, imported copper anode accounted for 9.1% of the total raw materials used for copper smelting in China. This compared with 8.8% in 2016, SMM data showed.Zambia, Chile, and the Democr...Read More
SHANGHAI, Apr 18 (SMM) – Prices of residential property in China’s first-tier cities continued to decline on the year in March, while prices across second- and third-tier cities rose at a slower rate, data from the National Statistics Bureau showed. In first-tier cities, prices of new and resale homes in March fell 0.6% and 0.1% on the year, respectively. The data covere...Read More
SHANGHAI, Apr 18 (SMM) –Copper: LME copper fell with higher trading levels. Technically, it struggled among the moving averages as longs significantly reduced their positions. Affected by its LME counterpart, the SHFE 1806 contract saw a lower trading level and moved rangebound. It stood above the 20-day moving average, away from the 40-day moving average. We expect LME copper to trade...Read More
SHANGHAI, Apr 18 (SMM) – The US Department of Commerce announced on TuesdayApril 17 that it was launching a new round of anti-dumping and anti-subsidy investigations on certain steel wheels imported from China, SMM learned. The investigations began after two US manufacturers of vehicle components, Accuride Corporation and Maxion Wheels Akron LLC, filed complaints last month. The US...Read More
SHANGHAI, Apr 18 (SMM) – Prices of residential property in China’s first-tier cities continued to decline on the year in March, while prices across second- and third-tier cities rose at a slower rate, data from the National Statistics Bureau showed. In first-tier cities, prices of new and resale homes in March fell 0.6% and 0.1% on the year, respectively. The data covere...Read More
SHANGHAI, Apr 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 89.4 from a low of 89.215 overnight. Most base metals rose. SHFE copper and nickel dipped, zinc rose over 1%. LME aluminium, zinc, and tin went up over 1%, lead and nickel inched up slightly. Only copper edged down.China’s gr...Read More
SHANGHAI, Apr 18 (SMM) – Prices of residential property in China’s first-tier cities continued to decline on the year in March, while prices across second- and third-tier cities rose at a slower rate, data from the National Statistics Bureau showed. In first-tier cities, prices of new and resale homes in March fell 0.6% and 0.1% on the year, respectively. The data covere...Read More
Students from Colorado School of Mines, Metropolitan State University of Denver and University of Colorado Denver faced off April 10 in the Clean River Design Challenge, hosted by The Greenway Foundation at the U.S. Bureau of Reclamation Hydraulics Lab. Multiple news outlets covered the competition, which challenged teams of local college students to design innovative in-stream machines to remove...Read More
SHANGHAI, Apr 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 89.4 from a low of 89.215 overnight. Most base metals rose. SHFE copper and nickel dipped, zinc rose over 1%. LME aluminium, zinc, and tin went up over 1%, lead and nickel inched up slightly. Only copper edged down.China’s gr...Read More
SHANGHAI, Apr 18 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 89.4 from a low of 89.215 overnight. Most base metals rose. SHFE copper and nickel dipped, zinc rose over 1%. LME aluminium, zinc, and tin went up over 1%, lead and nickel inched up slightly. Only copper edged down.China’s gr...Read More
SHANGHAI, Apr 18 (SMM) –Copper: LME copper fell with higher trading levels. Technically, it struggled among the moving averages as longs significantly reduced their positions. Affected by its LME counterpart, the SHFE 1806 contract saw a lower trading level and moved rangebound. It stood above the 20-day moving average, away from the 40-day moving average. We expect LME copper to trade...Read More
Peter Maniloff, assistant professor of economics and business at Colorado School of Mines, recently discussed the findings of a new report on the Regional Greenhouse Gas Initiative with Inside Climate News. The report, from economics consulting firm Analysis Group, found $1.4 billion in economic benefits across the nine member states and no harm to the reliability of the electric grid over the th...Read More
The number of new passenger car sales in the EU fell by 5.25% year on year in March 2018, following two consecutive months of rises.New car sales in Europe totaled 1,792,599 units in March, compared with 1,891,999 vehicles sold in the corresponding month of 2017, the European Automotive Manufacturers Assn (ACEA) said...Read More