Offers for Brazilian slab will likely increase in April on sellers' optimism despite growing resistance from buyers, after the United States temporarily delayed its Section 232 import tariffs on Brazil. But in Asia, slab prices are expected to remain steady or even decline slightly on sluggish trading and weakness in upstream and downstream segments, while products from the Commonwealth of Indepen...Read More
- JPMorgan Chase CEO Jamie Dimon sees 'chance of market panic'- In annual letter to shareholders Dimon warns of increased inflation and interest rates- Concerned QE unwinding could cause chaos as 'markets will get more volatile'- Hard to look at the last 20 years in America "and not think that it has been getting increasingly worse."- Positive about US economy over next year, but ignores record...Read More
The private placement at $1.12 per common share subscription receipt is part of Nemaska's overall project financing plans to raise US$775-825 million to fund the construction and commissioning of its Whabouchi mine and Shawinigan plant project in Quebec, Canada, as well as for general working capital.Read More
Angola’s diamond exports in January brought in the second-highest price per carat ($136.24) for monthly sales since October 2016, Portuguese news agency Lusa has reported. The highest price per carat ($138.60) for monthly sales in this period was achieved in November last year.According to the monthly report of the Angolan Finance Ministry, the country exported 620 485 ct of diamonds in Janu...Read More
It reported output of 2,964 ounces of gold for the quarter from the Pampalo gold mine in eastern Finland, dropping 5.8% from the January-March 2017 period.Read More
The base price assessments for flat stainless steel products in Europe narrowed downward by ?,?20 per tonne this week due to pressure from cheap imports and high stock levels, sources told Metal Bulletin on Friday April 6.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was ?,?1,050-1,110 ($1,287-1,360) per tonne delivered in Northern Europe o...Read More
Moody's Investor Services downgraded the company's corporate family rating and its senior unsecured note ratings to B2 from B1, its probability of default rating to B2-PD from B1-PD and kept its ratings outlook at negative.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 25 points in pre-opening trade. Futures are responding to new trade war fears with China.Index futures moved lower following release of the U.S. March employment report released at 8:30 AM EDT. Consensus for March Non-farm Payrolls was 178,000 versus revised 326,000 in February. Actual was 103,000. Consensus for March...Read More
Evolution's crafty July 2015 acquisition of the Cowal gold mine, 40km north-east of West Wyalong in New South Wales, for a not insignificant A$756 million, is a case in point.Read More
The following is a summary of our recent FS Insider podcast, "Charles Gave: Possible Paradigm Shift Ahead," which can be accessed on our site here or on iTunes here.We've been living in a disinflationary environment for last 30 years and, overall, this has been good for companies and the stock market, says Charles Gave at Gavekal Research. This may be about to change, however, and the implica...Read More
The company reported March quarter production of 85,885 ounces of gold, down from 99,509oz in the December quarter, but in line with expectations due to a change in the Gwalia mine sequence.Gwalia produced 56,773oz, down from 62,835oz, while Simberi produced 29,112oz, down from 36,674oz, due to a drop in milled grade and a loss of seven days of production due to an illegal strike.Despite the resul...Read More
At a cool $100 billion, SoftBank's Vision Fund is the biggest technology investment fund in history with investments that range from $300 million in a dog-walking app called Wag (you read that right) to a reported $4.4 billion in office space company WeWork.Now the Japanese firm is entering the mining sphere for the first time, buying up to 9.9% of Canada's Nemaska Lithium and investing up to $78m...Read More
Palisade Research April 6, 2018 Category: Research I always ask myself one thing when looking at investments."Is this fragile, robust, or positioned to be anti-fragile? What’s my risk and reward?”I use a top down approach to try and forecast longer term probabilities for success or failure. When measuring macro-situations, my analysts and I call this our Macro-Fragility Index (MFI).And...Read More
Argentina's car output increased by 25.2% year on year in March, according to figures released by national automotive association Adefa on Thursday April 5.Production reached 49,655 units compared with 39,675 units in March 2017."The recovery of production levels, after three years [of declines], is being led by the improvement of ... domestic demand and...Read More
Twenty-four Colorado School of Mines graduate students participated in Three Minute Thesis (3MT (R)), an exciting event that challenges students to present their research in a clear, concise manner to a non-specialist audience, on April 5 for a chance to win a $1,000 grand prize.3MT helps students learn how to effectively communicate their research. Competitors are only allowed a single slide to h...Read More
Indian state-run steelmaker Rashtriya Ispat Nigam Ltd (RINL) hopes to report a net profit over the next year thanks to an upswing in steel demand, the company said on Friday April 6."We hope to earn a net profit, with input prices stabilizing and all segments of steel demand showing stable growth," managing director P Madhusudan said.RINL, also known as Vizag Steel, said on Friday that, despite ma...Read More
From attempts to weigh the human soul to misguided investigations into cold fusion, to unaddressed instances of plagiarism that led to even greater problems down the line, the world of science offers quite a few examples of poor judgment.While institutions have done better in instilling professional ethics through courses, Colorado School of Mines Physics Professor Emeritus P. Craig Taylor suggest...Read More
Brazilian slab export prices remained unchanged this week, with few offers heard, but producers were reported to be hoping for a new increase in offers for May-production batches.Metal Bulletin's weekly assessment of Brazil export slab prices was unchanged on Friday April 6, at $580-590 per tonne fob.Demand for slab was reported to be increasing, with buyers in Europe and Southeast Asia returning...Read More
Bill Eustes, associate professor of petroleum engineering at Colorado School of Mines, was recently interviewed by InnovOil about "super-spec rigs," the super-sized oil and gas rigs that are growing in popularity at U.S. unconventional plays.From the article:Despite their eye-popping specs, these rigs are not actually the result of a step-change in drilling equipment or in the application of the t...Read More
Iron ore output in Peru grew 41.2% year on year in February, according to figures released by the country's mining ministry, MEM, late on Wednesday April 4.Production came to 942,042 tonnes, compared with 667,313 tonnes a year before.This rise was due to increased output at Shougang Hierro Per??, a subsidiary of China-based Shougang Group, as well as...Read More