They say that goldfish have the shortest memory in the Animal Kingdom... something like 3-seconds.But it turns out this isn't actually true.Continue...Read More
Appian founder and general partner Michael Scherb is now one of eight Harte Gold directors. Harte president and CEO Stephen Roman said the major shareholder's appointee founded Appian six years ago and oversaw the fund and its investment strategy."We appreciate the contributions Michael and the Appian team have made to accelerate the development of Harte Gold," Roman said."We have made tremendous...Read More
SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More
Seaborne iron ore prices weakened slightly on Tuesday April 3 amid a subdued futures market, though buying interest appears to have increased. Metal Bulletin 62% Fe Iron Ore Index: $63.76 per tonne cfr Qingdao, down by $2.04 per tonne Metal Bulletin 58% Fe Premium Index: $52.09 per tonne cfr Qingdao, down by $0.40 per tonne Metal Bulletin 65% Fe Iron Ore Index: $81.50 per tonne cfr Qingd...Read More
"We have very bad laws for our border, and we are going to be doing some things - I've been speaking with General Mattis - we're going to be doing things militarily," Continue...Read More
The new resource at Mowana is 75 million tonnes at 1.15% Cu for 861,000 tonnes of contained copper, a 6% increase on the previous model.Read More
India's Tata Steel hit a peak hot-metal output of 10.95 million tonnes in the financial year ending March 2018 at its blast furnaces in Jamshedpur, compared with 10.83 million tonnes a year ago.It also achieved its best ever saleable steel production of 9.78 million tonnes in the financial year ending March 2018, compared to 9.7 million tonnes in the same period last year, the company said last we...Read More
China's rebar prices lost their momentum and dropped on Tuesday April 3 on less bullish sentiment led by losses in the billet market as well as a softer futures market. Domestic Eastern China (Shanghai): 3,650-3,700 yuan ($581-589) per tonne, down 40-50 yuan per tonne Northern China (Beijing): 3,730-3,750 yuan per tonne, down 50 yuan per tonne Billet prices dropped late on Monday due to lower...Read More
According to Eagle Mountain, a two-year microscopy study of 39 rock samples suggests the Silver Mountain area has been affected by multiple mineralising events, with the study also highlighting consistent styles of mineralisation across the Pacific Horizon and Scarlett prospects.Read More
SHANGHAI, Apr 3 (SMM) – The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract. This compared with a discount of 110-40 yuan/mt on Monday April 2. Sellers took control of the market, while traders and downstream consumers were keen to stock for the Qingming Festival holiday, SMM learned.Standard-q...Read More
RAPAPORT... Jared The Galleria of Jewelry is launching a trade-inprogram for luxury watches at its US stores. Partnering with Crown & Caliber - an online marketplacefor pre-owned luxury timepieces - the jeweler will allow customers to exchangetheir watches for in-store credit, cash, or a new model based on a Crown &Caliber price quote, Jared said last week. Clients can do the trade-in at a...Read More
Import offers for billet in Southeast Asia decreased over the past week amid sparse trading, while bids for slab have risen amid limited offers and growing demand for the product.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-550 per tonne cfr for the week ended Monday April 2, down $10-15 per tonne from a week earlier.Market participants said they did not...Read More
NAIROBI – While Zimbabwe’s leadership change has sparked a race for the nation’s mineral riches among entrepreneurs and tiny explorers, big-name mining companies are taking a wait-and-see approach.New President Emmerson Mnangagwa has a lot to prove as he seeks to revive the economy and attract mining investment that shriveled under his predecessor, Robert Mugabe. So far, Mnangagw...Read More
SHANGHAI, Apr 3 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightThe US dollar index rebounded to 90 following the release of upbeat economic data.SHFE metals saw mixed trading overnight with aluminium rising over 1%. Copper and tin inched up, while others edged down slightly.China’s Caixin/Markit manufacturing purchasing manag...Read More
RAPAPORT... The Jewelers Vigilance Committee (JVC) is releasing a seriesof new webinars to help the jewelry industry become more legally compliant. The program, which the organization announced last week,will cover four topics: sexual harassment in the workplace, understandingsynthetics, anti-money laundering requirements, and laws pertaining to privacy,data protection and cybersecurity. The firs...Read More
- Gold signs off Q1 2018 with best run since 2011- Gold price supported by safe haven demand, interest-rate concerns and inflation- Trade wars and concerns over equity market have sent investors towards gold- ETF holdings highest in nearly a decade- Goldman Sachs: 'The dislocation between the gold prices and U.S. rates is here to stay'Gold ended March with it's best performance since 2011. The s...Read More
Listen to Mining Journal and its partners discuss the findings of Mining Journal's Global Finance ReportRegister NowResearch lead Chris Cann will run through the headline findings of the report including a critical review of mining's key global stock exchanges and how they compare; the results of our comprehensive investor sentiment survey; and the conclusions drawn from interviews, surveys and da...Read More
Chinese vanadium exporters experienced increased activity over the past week, while ferro-vanadium tightness continued to bolster prices in the United States and Europe. Chinese exporters see uptick in activity levels; V2O5 offers up on limited availability European ferro-vanadium market edges upward despite slowed spot market ahead of holidaysUS ferro-vanadium market continues ascent on supply co...Read More
SHANGHAI, Apr 3 (SMM) –Copper: After it was closed for two days, LME copper climbed up after it opened today. SHFE copper mostly traded above the 10-day moving average, with support at the five- and 10-day moving averages overnight. We see it trading at 50,100-50,600 yuan/mt with spot premiums at 0-50 yuan/mt today.Aluminium: As LME aluminium opened higher, we expect it to rise and test...Read More