By PlungerI had intended to post part III of my interest rate series, however market conditions dictate that I post views on the current market. This market is now communicating that it is at high risk. For two months now, I have been advocating a strategic retreat. Head for the sidelines and watch the action with an unemotional detachment. The market is now sounding the alarm and one...Read More
On Friday, President Trump signed the omnibus spending bill for 2018. The $1.3 trillion bill was so monstrous that it would have made the biggest spender in the Obama Administration blush. The image of leading Congressional Democrats Pelosi and Schumer grinning and gloating over getting everything they wanted - and then some - will likely come back to haunt Republicans at the midterm elections. If...Read More
The seaborne iron ore concentrate market continued to fall on Monday March 26 in line with sharp dips in the fines market, with the trade tensions between the United States and China affecting general market confidence.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was $88.19 per tonne cfr China on March 23. This was down by $6.45 per tonne, or 6.8%, from a week earlier.The daily Meta...Read More
SHANGHAI, Mar 26 (SMM) – Nonferrous metals faced pressure from a potential trade war as SHFE nickel led the loss with a drop of over 3%. Copper fell after losing support at 50,000 yuan/mt and closed 2.5% lower. Aluminium, lead, and tin edged down, while zinc inched up.The ferrous complex remained weak. Coke slid over 3%, rebar lost nearly 3%, hot-rolled coil fell over 2% and iron ore di...Read More
The company is building an underground copper project in the Silver State after a recent refinancing and management shift with 50% owner Pala Investments getting in the driver's seat.Dake worked for Nevada Copper from 2011 to 2016, and is returning as general manager for surface construction after a stint at Guyana Goldfields (CN:GUY).Swisher comes from the East Boulder underground platinum group...Read More
- London house prices falling at fastest pace since 2009- Values fell by 2.6% in year through January- London house prices likely to be weakest in UK over next five years - Inflated prices make London property more exposed to economic and political shocks- Worries over house prices are having a knock-on effect in wider economy- Physical gold to act as much needed hedge against falling property...Read More
China has offered to purchase more semiconductors from the US to help cut China's trade surplus with the U.S., CNBC said on Monday.Continue...Read More
China's rebar prices continued to experience big decreases in both the domestic and export markets on Monday March 26 following a sharp drop in the price of billet over the weekend. Domestic Eastern China (Shanghai): 3,410-3,500 yuan ($540-554) per tonne, down 80-90 yuan per tonne Northern China (Beijing): 3,630-3,670 yuan per tonne, down 110-120 yuan per tonne Since late last Friday, the price of...Read More
SHANGHAI, March 26 (SMM) -Read More
CENTENNIAL, Colo., March 26, 2018 - Westwater Resources, Inc. (Nasdaq: WWR) ("WWR" or "Westwater") is pleased to announce that, on March 23, 2018, the Supreme Court of the State of Texas issued a unanimous (8-0) decision favorable to Westwater in its long-running lawsuit between a Westwater subsidiary, URI, Inc., and Kleberg County, Texas. The lawsuit involved a post-mining restoration standard,...Read More
The KSK property hosts the flagship BKM copper project, which is currently the subject of a feasibility study to be completed in mid-2018. Read More
China's steel futures fell during morning trading on Monday March 26, while raw materials contracts ended the session largely unchanged from their opening prices. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,369 yuan ($533) per tonne, down 16 yuan per tonne May hot-rolled coil: 3,507 yuan per tonne, down 57 yuan per tonne Dalian Commodity Exchange May iron ore: 4...Read More
The placement includes 56.15 million common shares at a price of C$0.80 per share.Read More
RAPAPORT... On the heels of the alleged $2 billion Nirav Modi fraud, theRapaport Diamond Podcast has taken a close look at industry corruption.In the show's fourth episode, "Fraud, Corruption and theRed Carpet," the Rapaport editorial team talks about why diamonds areattractive to swindlers, and what the trade can do to improve its image. Also,guest interviewee Donald Palmieri of the Gem Certifica...Read More
- London house prices falling at fastest pace since 2009- Values fell by 2.6% in year through January- London house prices likely to be weakest in UK over next five years - Inflated prices make London property more exposed to economic and political shocks- Worries over house prices are having a knock-on effect in wider economy- Physical gold to act as much needed hedge against falling property...Read More
SHANGHAI, Mar 26 (SMM) – After it was forecast that Tangshan's air pollution is likely to reach the orange level, the city activated its emergency level ?...? response to heavy air pollution at 20:00 on March 25 until further notice, SMM learned.An orange-level alert is the second-highest in China’s four-level air pollution warning system. An orange-level alert indicates that...Read More
VANCOUVER (miningweekly.com) – Quebec diamond producer Stornoway Diamond Corp has swung to a 2017 net loss of $114.6-million, from net income of $19.6-million in 2016, the company reported on Monday.Longueuil, Quebec-based Stornoway said its full-year results reflected a lower diamond price environment than was originally forecast.AdvertisementThe company noted that net income before impairm...Read More
(IDEX Online) - Stornoway Diamond Corp reported net loss of $114.6 million from net income of $19.6 million in 2016 in its financial year ended December 31, 2017. Its results reflected "a lower diamond price environment than was originally forecast by the Corporation". Net income before impairment was $11.1 million for the fourth quarter and $15.0 million for the year. Diamon...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