The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 11* Copper -$128.95 (-811.69 yuan) Aluminium -$509.32 (-3,205.99 yuan) Zinc -$71.33 (-448.99 yuan) Nickel -$569.03 (-3,581.82 yuan) *The physical arbitrage numbers...Read More
Base metals prices on the London Metal Exchange continued to rise during morning trading on Wednesday April 11, with aluminium's momentum continuing to eclipse the rest of the complex. "Aluminium continues to be the main story, and is dominated by recent sanctions against Rusal. If that material is not deliverable on the LME, I expect current sentiment to continue," Geordie Wilkes, head of researc...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Wednesday April 11 pricing session in London.Key drivers: - Lack of crude raw material leads to lower output - Tomb-sweeping Day holiday in China from April 5-7...Read More
The following Metal Bulletin minor metals prices changed on Wednesday April 11:Minor metalsAntimony MB free market regulus, $/tonne: $8,450-8,550 per tonne from $8,500-8,600 per tonneAntimony MMTA standard grade II, $/tonne: $8,400-8,550 per tonne from $8,450-8,550 per tonneAntimony MB Chinese free market MMTA standard grade II,...Read More
Huayou New Energy, a full subsidiary of Huayou Cobalt, and LG Chem will invest in two joint ventures in Quzhou and Wuxi, China, respectively, to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Tuesday April 10.With a total investment of $159 million, Huajin New Energy Materials Co., Ltd will be located in Quzhou, Zhejiang province, and will b...Read More
Base metals prices on the London Metal Exchange are consolidating this morning, Wednesday April 11, following a strong recovery in the previous session.Copper and nickel were down by 0.5% and 0.4% respectively at the time of writing, while the rest were mostly unchanged - the exception being tin which was up by 0.5% at $21,030 per tonne.Volumes traded were somewhat lighter than usual, with 5,647 l...Read More
Stainless steel prices in Asia are likely to remain bearish on expectations of continued low demand in the second quarter of the year, while prices in North America are likely to be supported by the Section 232 import tariffs in the United States.Asian outlook bearishEast Asian import prices for stainless steel are likely either to decline further or to hold relatively steady at low levels during...Read More
Japan's Ministry of Economy, Trade & Industry expects demand for steel to increase by 1.8% year on year in the April-June period - the first quarter of the country's 2018 financial year.The ministry said the rise would occur due to higher demand from the manufacturing and exports sector.Demand for steel in the manufacturing sector is expected to be boosted by a rise in industrial machine...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 11:Aluminium scrapGroup 1 pure 99% & litho: ?1,360-1,410 per tonne from ?1,340-1,390...Read More
It's an extraordinary story about an extraordinary man who became one of the most legendary entrepreneurs in Canadian history.But at its core it is also a love story. It's a tale about Peter Munk's life-long romance with Canada - the country that welcomed him after he and 14 members of his family fled Hungary and the Nazi's death camps in the final year of the Second World War.Since then the iconi...Read More
Senior mining executive and resource financier Stephen R. Dattels joined Barrick Gold in the early 1980s and was one of the key executives during its formative years, where he was involved in the company's growth from a $10-million capital base to a more than $2-billion market capitalization when he left the company in 1987. Dattels kindly agreed to an interview about his friend and former colleag...Read More
Following its acquisition of the Salobro Zinc Project from Vale and IMS Engenharia Mineral, Emerita Resources (TSXV: EMO) has received the necessary permits to start a diamond drilling campaign at the 1,209.75-hectare site, located in the southeastern state of Minas Gerais.In a press release, the Toronto-based firm said that it is targeting completion of the revised resource by the end of Q2/2018,...Read More
Perth-based South32 (ASX, LSE, JSE: S32) announced today that it plans to appeal the ruling issued on March 16, 2018, by Colombia's Constitutional Court demanding that the company paid damages to Indigenous and Afro-Colombian communities affected by its operations in the northern Cordoba province. The court overturned a previous decision and accepted as valid arguments and evidence presented by co...Read More
http://www.northernminer.com/In this issue of The Northern Miner and at an event at our Canadian Mining Symposium at Canada House in London on April 24 and 25, we are awarding to Barrick Gold founder Peter Munk our Lifetime Achievement Award for transforming Barrick over several decades from a small producer into the world's biggest gold producer in gold output and market value.It's an award that...Read More
Apr 12, 2018 Guest(s): Johann Wiebe Lead Metals Analyst, Thomson Reuters GFMS Silver supply has not yet peaked, and the range-bound trading pattern is due to excessive supply above ground, not below it, according to Johann Wiebe, Lead Metals Analyst at Thomson Reuters. In an interview with Kitco News, Wiebe said that on the demand front, the biggest drivers last year have been industrial, specif...Read More
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,257.90, down 4.24 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up four cents, or 0.51 per cent, to $7.93 on 14.4 million shares.B2Gold Corp. (TSX:BTO). Miner. Up 14 cents, or 4.03 per cent, to $3.61 on 9.4 million shares.Champion Iron Limited (TSX:CIA). Miner. Down four cents, or 3...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joins me for another look at the metals outside of war fears. The metals experienced a nice spike today but are pulling back and especially for silver could give up all those gains. It is more important to understand what is building for the sector rather than hoping a new event could lead to a breakout.Jordan Roy-Byrne, CMT is a Chartered Market Technic...Read More
"I'm joining the board of #AcreageHoldings because my thinking on cannabis has evolved. I'm convinced de-scheduling the drug is needed so we can do research, help our veterans,Continue...Read More
On Tuesday, Rodney talked to his Triple Play Strategy subscribers about the extreme volatility we're experiencing in the markets. He asked the question: "So, howContinue...Read More