Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday March 26, with copper the only exception. After a morning of price dips across the complex, the majority of metals found support throughout the day from the weaker the weaker dollar. The dollar index hit a low of 89.02. "The dollar is weak once again which helped prices pick up throughout the day. But cop...Read More
Galvanizers in Europe are largely resistant to volatile and rising zinc prices, senior executives in the industry said at the Metal Bulletin Zinc and its Markets Seminar in London.Continuous and batch galvanizing processes are able to pass the higher costs of zinc onto their customers for a range of reasons, the executives said on March 23.For continuous galvanizing, where steel sheets are process...Read More
It feels like were at the point in the "correction" cycle in which the mining stocks are reluctantly going lower. I also believe that aggressive hedge funds looking to buy at this level are trying to push the stocks down in early trading in order to induce remaining weak hands to sell in their bids. Tuesday (March 20th) is a perfect example. Several of the stocks I own were hammered early and then...Read More
The spot gold price shot up to a five-week high earlier today just above US$1,250 an ounce over trade war concerns, with gold equities benefitting accordingly.Staff reporterGold price rises on trade war fears26 MARCH 201826/03/2018commentsshareThe gold price has risen about $20/oz since Thursday when US president Donald Trump signed a presidential memorandum that could impose tariffs on Chinese im...Read More
Price losses have deepened in the Chinese ferro-silicon spot market as restarted production increasingly weighs on supplier sentiment, although demand from the magnesium market is giving some support. China market weakness persists... ...but Mg sector demand stems price losses Europe eases with lower offer pricesUS suppliers cut prices amid competition Renewed supply drags down Ch...Read More
Chinese charge chrome and spot ferro-chrome slipped slightly on Friday March 23 in anticipation of lower Chinese ferro-chrome tender prices for April, while tightening supply pushed up US prices. Chinese charge chrome and spot ferro-chrome prices fall US high-carbon ferro-chrome quotations rise South Korea and Japan anticipate softening markets Stability reigns on European ferro...Read More
London-based metals merchant Concord Resources is eyeing opportunities brought about by resource nationalism and protectionism, after announcing results that show how the company's rapid expansion accelerated through 2017. Concord tripled its net profit after tax, bringing in $20.73 million over 2017 - its second full trading year - representing a 23.9% gross return on average equity. Annuall...Read More
Copper was most definitely on the sales rack last week after fears of a global trade war saw the red metal lose 3.1% of its value.Staff reporterSales season: The copper selloff was overblown, according to Barclays Capital26 MARCH 201826/03/2018commentsshare While the US imposing tariffs on approximately US$60 billion of Chinese imports and China reciprocating with plans to enact its own duties on...Read More
After Nevada Copper (NCU.TO) closed a refinancing deal, resulting in a sharply increased share count but improved capital situation, the company is now restarting the construction phase of the underground component of the Pumpkin Hollow copper mine. As you might remember, the underground mine was expected to process approximately 5,000 tonnes per day, which would have been a first phase to an inte...Read More
Consumer resistance to recent high prices pushed low-grade manganese ore prices lower on Friday March 23, while manganese alloy prices in Europe and the United States were unchanged in quiet market conditions. Consumer backlash drives low-grade ore prices lowerHigh-grade ore prices keep edging upChinese alloy futures and physical prices weaken furtherAlloy prices weaken in IndiaAlloy prices hold...Read More
As The Hydropothecary Corporation (TSXV:THCX) embarks on its massive expansion the deal with Shopify Inc. (TSX:SHOP) strengthens its online distribution capabilitiesSmallCapPower | March 26, 2018: The Hydropothecary Corporation (TSXV:THCX) Tuesday announced that it has chosen Shopify Inc. (NYSE:SHOP) (TSX:SHOP), an eCommerce giant with 600,000 merchants and gross merchandise volume exceeding $26.0...Read More
Exploring an outcrop. Source: Orefinders Resources Inc.Orefinders Resources Inc. [ORX-TSXV, OTC-ORFD] released an update Monday March 26 on its spin-off company Power Ore Inc., which will acquire Orefinder's past-producing silver-cobalt Mann Mines and MacMurchy properties via a court approved plan of arrangement.The properties are located in the Cobalt-Gowganda District of northeast Ontario, and f...Read More
Miners have big gaps in their computer networks that would be easily found by motivated hackers, according to an EY report.Staff reporterThis looks like helpful software26 MARCH 201826/03/2018commentsshareEY said the move to more technologically advanced mine operating systems had been good for productivity but suggested some networks and even workstations were openly accessible online, with gaps...Read More
Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,298.56, up 74.82 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 21 cents, or 2.08 per cent, to $9.90 on 7.8 million shares.Turquoise Hill Resources Ltd. (TSX:TRQ). Miner. Down six cents, or 1.43 per cent, to $4.14 on 7.3 million shares.Trevali Mining Corp. (TSX:TV). Miner. Up thr...Read More
Antimony prices fell last week in Europe after more material reached warehouses in Rotterdam while demand remained weak; the Chinese market continued to be subdued lacking further direction.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,500-8,675 per tonne, down 0.7% from Wednesday's assessment and down from $8,600-8,800 per tonne level the week before....Read More
The Chinese silicon export market continued to weaken over the past week due to soft demand, while prices in the European market were unchanged.Metal Bulletin assessed the Chinese grade 553 silicon export price at $1,960-2,000 per tonne on Friday March 23, down from $1,980-2,030 per tonne in the prior week, with sellers lowering their offer prices to entice business from otherwise uninterested buy...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Commander Resources Ltd. (TSXV: CMD) South Voiseys Bay Project Expands as Fjordland Options Claims from Vulcan Minerals in Labrador Vancouver, British Columbia - March 26, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Commander Resources L...Read More
Turkish steel producers have entered a third week with no deep-sea trading, while offers and bids in the market kept the daily scrap indices largely flat, sources said on Monday March 26.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $368.10 per tonne cfr, up by only $0.41 per tonne day-on-day.The daily index for similar US-origin scrap closed at $378.08 per t...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop 92 Resources Corp. (TSXV: NTY) (OTCQB: RGDCF) (FSE: R9G2) Announces Mobilization for a High-resolution Airborne Magnetic Survey at the Pontax Property, Quebec Vancouver, British Columbia - March 26, 2018 (Newsfile Corp.) (Investorideas.com News...Read More
You can see the solutions brewing.Some industries have already been upended by stealthy tech-age competitors. I save so much money traveling by using Airbnb to rent rooms instead of hotels. Airbnb finds me cheaper accommodations that are usually better than hotels. You can usually get a better location, with a full kitchen for half the price of a basic hotel room in the same area.Because of Airbnb...Read More