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GLOBAL TUNGSTEN WRAP: Tungsten prices under pressure; Chinese holiday thins trade

April 09, 2018 / www.metalbulletin.com

Chinese tungsten concentrate prices came under pressure last week because of weak buying interest, with exporters of ammonium paratungstate (APT) and ferro-tungsten adjusting their offers downward.More miners are expected to restart operations, which depressed tungsten concentrate prices in ChinaBuying interest in APT decreasedChinese holiday slows down the tungsten market in both China and Europe...Read More

Japanese coal benchmark to reach six-year high

April 09, 2018 / www.mining-journal.com

Australia's Department of Industry, Innovation and Science expects Japanese utilities to settle annual thermal coal contracts with Australian miners at a six-year high.JFY contracts cover high-grade Australian coal shipped from Newcastle to Japanese utilities09 APRIL 201809/04/2018commentsshare The department said in its March Resources and Energy Quarterly report the Japanese fiscal year (JFY) be...Read More

Cobalt prices edge higher on persistent demand; cheaper offers fade

April 09, 2018 / www.metalbulletin.com

Cobalt prices consolidated their recent gains last week, underpinned by strong underlying demand, but they rose at a slower pace than was seen in March.Metal Bulletin assessed low-grade cobalt prices at $43.25-44.25 per lb, in-warehouse, on Friday April 6. This was up from the midweek assessment of $42.85-44.25 per lb, and the assessment on March 30 at $42.50-44.25 per lb.High-grade cobalt metal p...Read More

Anglo seeks Quellaveco partner ahead of board green light

April 09, 2018 / www.mining-journal.com

Anglo American should decide on a partner to develop its Quellaveco copper project in southern Peru in the coming months ahead of a board decision on construction, the CEO of the company's copper business Hennie Faul told Mining Journal.Tom Azzopardi in Santiago Site visit at Quellaveco in Peru09 APRIL 201809/04/2018commentsshare Just back from Peru and speaking ahead of the 17th World Copper Conf...Read More

Hydro says fresh reviews confirm no contamination from Alunorte alumina refinery in Brazil

April 09, 2018 / www.metalbulletin.com

Reviews by Hydro and a third-party environmental consultancy have found no indications of contamination from the company's Alunorte alumina refinery in Brazil, Hydro said on Monday April 9.Following severe rainfall in Brazil's northern state of Par?? in February, concerns over possible water contamination led the local authorities to order Hydro to operate Alunorte at 50% of its capacity. Hyd...Read More

Bankers Cobalt's DRC project returns 6 metres of 3.6% copper

April 09, 2018 / resourceworld.com

Bankers Cobalt project claim map, Democratic Republic of Congo. Source: Bankers Cobalt Corp.Bankers Cobalt Corp. [BANC-TSXV; BC2-FSE] said it has discovered elevated cobalt and copper in soil sampling at the Kabolela South project in the Democratic Republic of Congo.Bankers Cobalt is a cobalt and copper exploration and development company focused on advancing a portfolio of permitted concessions i...Read More

"We are operating 3 concentrators simultaneously, an unprecedented situation"

April 09, 2018 / www.mining-journal.com

Escondida operator BHP (AU:BHP) has officially opened a new US$3.43 billion desalination plant which it says will help maintain output at the world's largest copper mine in Chile.Staff reporterBHP officially opens Escondida's new desal plant09 APRIL 201809/04/2018commentsshareThe project is part of the company's plans to stop using fresh water altogether in Chile from 2030.The new 2,500l/s plant i...Read More

Cannabis Wheaton Could Become a Maritimes Force

April 09, 2018 / smallcappower.com

During the past week, Cannabis Wheaton Income Corp. (TSXV:CBW) said it would acquire two pending cannabis producers located in Eastern CanadaSmallCapPower | April 9, 2018: Cannabis Wheaton Income Corp.'s (TSXV:CBW) last two announced acquisitions appear to be positioning the Company as a force to be reckoned with in Canada's Maritime provinces. On April 9, 2018, Cannabis Wheaton said it would acq...Read More

GLOBAL MANGANESE WRAP: Low grade prices recover some losses on miners' offers

April 09, 2018 / www.metalbulletin.com

Low grade manganese ore prices clawed back some recent losses on Friday April 6, boosted by producer offers at pre-Easter levels. Low grade prices rebound after sharp decline  High grade prices keep sliding  Chinese domestic alloy prices hold during QingmingMetal Bulletin's 37% manganese ore index, cif Tianjin rose 17 cents to $8.06 per dry metric tonne unit (dmtu). Metal Bulletin's 37%...Read More

Kinder Morgan stalls Trans Mountain spending, delivers ultimatum

April 09, 2018 / resourceworld.com

Proposed Kinder Morgan Trans Mountain twinned pipeline expansion project. Source: Kinder Morgan.In spite of assurances last week from Prime Minister Justin Trudeau, who said the pipeline "will get built," the company said the decision was prompted by continued opposition by the British Columbia government and lack of clarity about the way ahead for the $7.4 billion project, which the company said...Read More

Gold Explorer Surges on Exploration Results

April 09, 2018 / smallcappower.com

Evrim Resources Corp. (TSXV:EVM), a gold explorer, moved sharply higher after announcing exploration results from its Cuale gold project in MexicoSean Mason | April 9, 2018 | SmallCapPowerMore than a few speculators took a shine to a gold explorer Monday following promising drill results. Here's some small stocks making big moves on Monday, April 9, 2018 (as of 4 pm EST):Evrim Resources Corp. (...Read More

Most actively traded companies on the TSX

April 09, 2018 / www.canadianinvestor.com

Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,227.70, up 20.29 points)Neovasc Inc. (TSX:NVC). Medical devices. Unchanged at eight cents on 21.4 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 70 cents, or 8.64 per cent, to $7.40 on 11.5 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down $1.95, or 7.04 pe...Read More

Iceland's PCC BakkiSilicon to start silicon production this week

April 09, 2018 / www.metalbulletin.com

PCC BakkiSilicon will start producing silicon at its smelter in H??sav?-k on the north coast of Iceland on Wednesday April 11, an industry source told Metal Bulletin. The company, a subsidiary of German holding company PCC SE, has already tested production from the plant's two furnaces, each with an annual production capacity of 16,000 tonnes of silicon metal. "The ramp-up of production will start...Read More

4 Canadian Industrial Stocks at Risk from NAFTA Negotiations

April 09, 2018 / smallcappower.com

The Canadian industrial stocks on our list service U.S. auto companies and consumersSmallCapPower | April 9, 2018: Many American automotive companies produce their parts in Canada. The Trump administration, in its plans to renegotiate NAFTA, could target automotive parts in an attempt to move manufacturing jobs to the U.S. Changes to the agreement, or the revocation of the agreement entirely, coul...Read More

The Future of Cannabis Retail

April 09, 2018 / www.energyandcapital.com

I've been in the cannabis game for about four years now.And I've made a ton of money.I don't say this to chest-pound, by the way.This is merely an observation of truth, and a reminder to those who are looking to profit from the burgeoning legal cannabis industry that if you follow my advice, you're likely to do very well.Just ask those who took my advice to buy Canopy Growth Corporation (TSX: WEED...Read More

Nevsun Resources Tops the Ubika Base Metals 20 Index

April 09, 2018 / smallcappower.com

Base metals interest cools, led by a falling copper priceThis Content is Exclusive to Our MembersLogin belowRegisterLost your password?The Ubika Base Metals 20 Index eased 9% since our last report dated February 5, 2018, underperforming its benchmarks, the TSX-V and the Base Metal Juniors indices, which have declined 4% and 3%, respectively, over the same period. Notable performers for this report...Read More

GLOBAL ANTIMONY WRAP: European market weakens further amid sluggish demand; Chinese prices stable in quiet market

April 09, 2018 / www.metalbulletin.com

Antimony prices remained under pressure last week in both Europe and China, amid sluggish demand and increasing availability.Metal Bulletin assessed the MMTA standard grade II antimony in-warehouse Rotterdam price at $8,450-8,550 per tonne on Friday April 6, unchanged from Wednesday's assessment, when prices moved down from $8,500-8,660 per tonne.The trioxide grade antimony price, in-warehouse Rot...Read More

ML Gold (TSXV: MLG) Commences Drilling at Stars Project

April 09, 2018 / www.investorideas.com

Vancouver, British Columbia - April 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) ML Gold Corp. (TSXV: MLG) ("ML Gold" or the "Company") is pleased to announce it has recommenced its diamond drilling program at the Stars Property in Central BC. The current drilling program intends to test magnetic targets within the recently identified (approximately 1 kilometer in diameter) Central target...Read More

The world's most powerful banker sees chance of "market panic"

April 09, 2018 / www.thedailybell.com

Via Sovereignman.comThe most powerful banker in the world, JPMorgan Chase CEO Jamie Dimon, just released his annual letter to shareholders.Behind Warren Buffett's annual missive, Dimon's letter is probably the most read and deliberated executive report out there.For one, Dimon is one of the most connected and respected men in finance.And given his bank's massive size (it earned $24.4 billion on $...Read More

DAILY SCRAP REPORT: Turkish mills fall quiet but May bookings 'will come'

April 09, 2018 / www.metalbulletin.com

The Turkish steel mills went quiet again in the deep-sea scrap markets at the beginning of this week, but they are still expected to book more scrap for May, sources said on Monday April 9.After booking a number of deep-sea cargoes in the past week, the mills stepped back from the market on April 6.But market participants expected more cargoes to change hands over the rest of the week, Metal Bulle...Read More

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