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SHFE vs LME physical arbitrage 11/04: Copper, aluminium, zinc, nickel

April 11, 2018 / www.metalbulletin.com

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

LIVE FUTURES REPORT 11/04: LME aluminium price continues strength; copper, nickel edge higher

April 11, 2018 / www.metalbulletin.com

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

MINOR METALS MARKET REPORT 11/04: Selenium price rises on healthy demand; indium edges up

April 11, 2018 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for any price moves.Read More

INDIUM SNAPSHOT: Shortage of crude raw material after Chinese holidays leads prices up

April 11, 2018 / www.metalbulletin.com

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

MB NON-FERROUS PRICE CHANGES 11/04: Minor metals

April 11, 2018 / www.metalbulletin.com

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 Cobalt, LG Chem to increase Li-ion battery materials supply with JVs

April 11, 2018 / www.metalbulletin.com

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

METALS MORNING VIEW 11/04: Base metals prices consolidate, await further clarity

April 11, 2018 / www.metalbulletin.com

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

GLOBAL STAINLESS OUTLOOK: Asian Q2 outlook bearish; Section 232 to support US prices

April 11, 2018 / www.metalbulletin.com

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 predicts modest increase in steel demand in April-June quarter

April 11, 2018 / www.metalbulletin.com

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

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 11/04:

April 11, 2018 / www.metalbulletin.com

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

Mining titan and philanthropist Peter Munk's lifetime of achievement

April 11, 2018 / www.northernminer.com

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

Commentary: Stephen Dattels on friend and former colleague Peter Munk

April 11, 2018 / www.northernminer.com

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

Canada's new player in Brazil gets to work

April 11, 2018 / www.mining.com

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

Australia's South32 to appeal damages ruling in Colombia

April 11, 2018 / www.mining.com

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

Editorial: Peter Munk receives our Lifetime Achievement Award - by John Cumming (Northern Miner - April 11, 2018)

April 11, 2018 / republicofmining.com

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

Are We On The Verge Of A Silver Crunch?

April 11, 2018 / www.kitco.com

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

Most actively traded companies on the TSX

April 11, 2018 / www.canadianinvestor.com

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: Gold Looking Very Bullish Right Now

April 11, 2018 / marketsanity.com

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

Former House Speaker John Boehner Once Opposed Marijuana Legalization. Now He's a Pot Lobbyist

April 11, 2018 / marketsanity.com

"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

Harry Dent: The S&P 500 Number to Watch Near Term for Clues

April 11, 2018 / marketsanity.com

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

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