London Metal Exchange warehouse stocks have staged a recovery over the first few months of this year from the multi-year lows of 2017, due to a flurry of large deliveries across many of the base metals. After last year was marked by dwindling stock levels across the board, the first few months of 2018 have seen a reversal - with companies putting more metal back into LME-approved warehouses. "The...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Monday March 19, while most prices lacked clear direction before Wednesday's Federal Open Market Committee (FOMC) meeting. Nickel prices declined $145 per tonne - the metal has come under sustained pressure since it hit $14,000 per tonne last week and cannot find new support."The combination of a strong dollar index...Read More
Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More
Spot prices for ammonium paratungstate (APT) continued to rise in last week's pricing session due to tightening supply in China. APT prices rise on tighter supply, slower Chinese output Profit-taking prompts fall in ferro-tungsten prices in China Cash flow pressure weighs on concentrates prices Metal Bulletin's benchmark cif Rotterdam quotation for APT rose to $325-334 per mtu on...Read More
Australian junior Cobalt Blue Holdings (AU:COB) was one of the cobalt companies on the rise after the in-demand battery material reached a new high on the London Metal Exchange on Friday of US$88,375 per tonne.Staff reporterCobalt Blue Holdings rises on Thackaringa upgrade19 MARCH 201819/03/2018commentsshareCOB hit a 52-week high intraday and closed up almost 3% today as it announced a significant...Read More
The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon. Chinese spot market halts downward drift but ample supply may drag in near term Europe prices stable, awaits second quarter settlements US market eases, but low stock levels offer support Chinese prices steady Chinese domes...Read More
The discount of gem-quality, lab-created diamonds, manufactured for use in jewellery, relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today, according to a survey of prices. Paul Zimnisky* Will the future of diamond production be in the lab, as opposed to the mine?19 MARCH 201819/03/2018commentsshareArthur G. Graham, Avakash Patel and Grant Malensek...SPONSOREDRoscoe pos...Read More
Huge amounts of zinc ingots from Spain, both new and old stock, continue to enter the Chinese market after a significant inflow last year, which is leading to inventory build-up and depressed premiums, market participants have told Metal Bulletin.For the first month this year, Spain remained the biggest supplier of refined zinc to China, providing one-quarter of the total of 67,111 tonnes imported...Read More
Since its inception, Cannabis Wheaton Income Corp. (TSXV:CBW) has developed its streaming platform by funding numerous cannabis facilities/partners across CanadaSmallCapPower | March 19, 2018: Cannabis Wheaton Income Corp. (TSXV:CBW) Thursday announced that it has entered an agreement with Ontario-based R&D firm Honest Inc, part of Province Brands of Canada, the first global brand offering pro...Read More
Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More
Renewables could be a major part of all off-grid mining power sources, energy company Total EREN says after opening a solar plant next to Iamgold's (CN:IMG) Essakane gold mine in Burkina Faso. Burkina Faso president Roch Marc Christian Kabor?(C) (centre) toured the US$25 million project last week with IAMGold CEO Steve Letwin (on the right)19 MARCH 201819/03/2018commentsshare A Total EREN and Afri...Read More
The Klondex Mines Fire Creek gold mine in Lander, County, Nevada. Source: Klondex Mines Ltd.Under the offer, Klondex shareholders will receive US$2.47 per share in cash or shares of Hecla, marking a 59% premium to Klondex's 30-day volume weighted average prices as at March 16, 2018.On Monday, Klondex shares jumped 60.56% or C$1.09 to $2.89. The 52-week range is $6.45 and $1.66.CI Investments and S...Read More
Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids. Low-grade ore prices dip amid aggressive smelter bidsHigh-grade ore prices keep risingSpot silico-manganese prices weaken in ChinaAlloy prices hold in Europe and IndiaUS refined manganese alloys bolstered by shipping issues Mangane...Read More
VANCOUVER - Hecla Mining Co. says it's buying Vancouver-based gold miner Klondex Mines Ltd. for $605 million with a mix of cash and shares.Idaho-based Hecla will gain control of Klondex's Fire Creek, Midas, and Hollister underground gold mines in Nevada, while Klondex will spin out its True North mining operations in Manitoba into a new entity for existing shareholders.Hecla says its focus is h...Read More
Rye Patch Gold's Florida Canyon Mine looking northwest. Source Rye Patch Gold Corp.Under the arrangement, each common share of Rye Patch will be exchanged for 0.48 common shares of Alio Gold.The offer values Rye Patch at $128 million, or $1.57 per share, marking a 35% premium based on the 20-day volume weighted average trading price of Alio Gold and Rye Patch shares during the period ended March 1...Read More
Cobalt prices have consolidated their move last week to more than $40 per lb, amid increased spot demand for metal against a backdrop of tight supplies, a limited number of sellers, and strong downstream demand."The days of sub-$40 [per lb] buying are history," a trader source said on Monday March 19.High-grade cobalt prices were assessed at $41.70-43.00 per lb, in-warehouse, on March 16. This was...Read More
Here are eight words I never thought I'd say:Amazon is selling products from a marijuana company.It's true.And this company has also inked deals with Walmart and Home Depot.That's right.Three of the biggest retailers on the planet are now selling products developed by a company that's in the legal marijuana business.Think about that for a minute...Have you ever imagined that you'd be able to walk...Read More
Wheaton Precious Metals (NYSE: WPM, TSX: WPM) is the world's largest, high-margin, pure silver and gold streaming company, that offers investors cost predictability, direct leverage to increasing silver and gold prices, and a high-quality asset base. We learned from Randy Smallwood, President and CEO of Wheaton Precious Metals, that they produce substantially more metal than any other streaming co...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCrypto CornerCompaniesMarketplaceShop Six Explorers to Watch as Mining Sector 'Primed for a Re-Awakening'Source: Streetwise Reports March 19, 2018 (Investorideas.com Newswire) PI Financial recently highlighted junior explorers to watch for "potentially game-changing 1H18 news flow....Read More