Listen to this podcast on our site by clicking here or subscribe on iTunes here.Ten years ago, we experienced a financial crisis that almost collapsed the global economy. In 2007, as the stock market was at its peak and talking heads on TV were still arguing over a Goldilocks economy, Financial Sense's Chris Puplava warned to "Watch Out Below!" and "Proceed With Caution" because the "Worse Is Yet...Read More
SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More
SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More
SHANGHAI, Apr 4 (SMM) – Nonferrous metals traded weakly on Wednesday April 4 as zinc led losses with a drop over 1.1%. Lead lost almost 0.7%, aluminium fell nearly 0.3%, and nickel, copper, and tin edged down.The ferrous complex saw wider drops than nonferrous metals as iron ore slumped some 4.2%. Rebar dipped over 1.1%, and hot-rolled coil slid nearly 1%. Coke and coking coal inched up over...Read More
RBC Capital Markets analyst Tyler Broda downgraded the diamond producer from its ‘outperform' rating and moved its target price to £0.80 (US$1.12) per share from the previous £0.85/share.Read More
Junior explorer, MeteoricResources NL (ASX:MEI), this morning informed the market that it has kicked offfield work on its cobalt properties in Ontario, Canada. This is the start of acomprehensive and fully funded exploration program, targeting high-grade,primary cobalt mineralisation.MEI has in its arsenal fivehighly prospective primary cobalt projects in Ontario. The company's exploration strateg...Read More
SHANGHAI, Apr 4 (SMM) – Transactions cooled in the spot market for copper in Shanghai on Wednesday April 4 as premiums were offered at 30-70 yuan/mt against the SHFE 1804 contract. This compared with a premium of 30-100 yuan/mt on Tuesday April 3.Cargo holders made lower offers to cash in on the last trading day ahead of the Qingming Festival holiday, while traders bought on lower...Read More
Base metals prices on the London Metal Exchange are down by an average of 0.4% this morning, Wednesday April 4. Tin is the only metal showing any gains, while the rest are down between 0.4% and 0.7%, with copper off by 0.4% at $6,783 per tonne. Volume has been average with 7,996 lots traded as of 07.36am London time. This follows a general day of gains on Tuesday when the complex closed with avera...Read More
SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down.SHFE metals fell across the board, except for copper and nickel, with zinc down close to 1%. Most LME metals gained, with nickel up close to 1%. LME copper touc...Read More
SHANGHAI, Apr 4 (SMM) – Sellers in the zinc spot market in Shanghai held back as the SHFE 1805 contract rebounded after touching a low of 24,600 yuan/mt on the morning of Wednesday April 4, SMM learned. The 0# zinc traded at 24,650-24,760 yuan/mt.The 0# common brand traded flat to a premium of 10 yuan/mt against the SHFE 1805 contract, compared with a discount of 10-0 yuan/mt the previous da...Read More
Telstra Mining Services is one group said to be keen on Brisbane-based industrial Internet of Things (IIoT) company MOVUS's FitMachine sensor technology and software-as-a-service (SaaS) business model. It is also said to be working with three "global mining companies", while MOVUS CEO Brad Parsons believes there is "strong scope" for FitMachine to help miners improve fixed and mobile plant managem...Read More
Perth-based junior developer, AustralianMines (ASX:AUZ | OTCQB:AMSLF), this morning announced its appointment of StuartPeterson in the newly created role of exploration manager.This new addition to the AUZ tech team comesas the company ramps up its project development and regional explorationactivities in 2018. Peterson is a qualified geologist andseasoned exploration manager, with more than 15 ye...Read More
SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down.SHFE metals fell across the board, except for copper and nickel, with zinc down close to 1%. Most LME metals gained, with nickel up close to 1%. LME copper touc...Read More
SHANGHAI, Apr 4 (SMM) –Copper: The US dollar index climbed up and depressed copper prices following a release by the US of $50 billion of imports from China that could be subject to sweeping tariffs. LME copper moved around the daily moving averages and hit the 20-day moving average, while its SHFE counterpart performed similarly with a narrower trading range. SMM remains bullish...Read More
SHANGHAI, Apr 4 (SMM) –Copper: The US dollar index climbed up and depressed copper prices following a release by the US of $50 billion of imports from China that could be subject to sweeping tariffs. LME copper moved around the daily moving averages and hit the 20-day moving average, while its SHFE counterpart performed similarly with a narrower trading range. SMM remains bullish...Read More
SHANGHAI, Apr 4 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar inched up and stood firmly above 90 as US stocks rebounded and as the euro edged down.SHFE metals fell across the board, except for copper and nickel, with zinc down close to 1%. Most LME metals gained, with nickel up close to 1%. LME copper touc...Read More
April 4, 2018 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) (“ATAC”) is pleased to announce the 2018 exploration program for its 1,700 km2 Rackla Gold Property in east-central Yukon.The combined 2018 exploration budget for the Rackla Gold Property is ~$13 million and includes $7 million from ATAC and $6 million from Barrick Gold Corp. (“Barrick”).The program will includ...Read More
MinRex Resources (ASX:MRR) todayrevealed it has received an encouraging preliminary desktop report on thePacific Express project from its geology consultant.This report is part of a broaderplan to fast-track due diligence on MRR's proposed acquisition of three highlyprospective cobalt-nickel-scandium project areas in NSW and WA. This is the first phase of the duediligence process, which MRR will...Read More
SHANGHAI, Apr 4 (SMM) –Copper: The US dollar index climbed up and depressed copper prices following a release by the US of $50 billion of imports from China that could be subject to sweeping tariffs. LME copper moved around the daily moving averages and hit the 20-day moving average, while its SHFE counterpart performed similarly with a narrower trading range. SMM remains bullish...Read More
China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More