Spain's Atlantic Copper will be looking to maximize output at its Huelva smelter even as it expects the copper concentrates market to tighten further, the company's chief executive officer (CEO) Javier Targhetta told Metal Bulletin in an interview.Atlantic Copper, which is the third largest copper smelter in Europe and acts as a key outlet for copper concentrate units from mines within its owner F...Read More
The latest news and price moves to start the Asian day on Wednesday March 7.The three-month copper contract on the London Metal Exchange rebounded to more than $7,000 per tonne for the first time this month at the 5pm close on Tuesday March 6, with the metal undergoing a short-covering rally. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Comex cop...Read More
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving averages and at the lower end of their...Read More
The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below the long-term moving averages and at the lower end of their...Read More
China will "steadily promote" the development of nuclear power this year, according to a plan released today by the country's National Energy Administration (NEA). The plan calls for five new nuclear power reactors to be brought online in 2018 and construction to be started on a further six to eight units.In its Energy Work Guidance Opinion for 2018, the NEA said China's installed nuclear generati...Read More
Affiliates of Entergy Corporation and NorthStar Group Services Inc have signed agreements with State of Vermont agencies and other parties on terms for the sale approval of the shut-down Vermont Yankee nuclear power plant to NorthStar. The sale will enable the accelerated decommissioning of the single-unit boiling water reactor plant.Vermont Yankee (Image: Entergy)Entergy's affiliates and NorthSta...Read More
The restriction on imports of some copper scrap products to China has already caused the industry to make some process changes but many questions are still unanswered, a panel of scrap experts said at the Metal Bulletin Copper conference.The number of licenses granted by the Chinese government for copper scrap imports dropped by 94% year on year to account for 136,685 tonnes in the first two...Read More
Base metals prices on the London Metal Exchange slumped by the 5pm close on Wednesday March 7, with uncertainty stemming from the latest developments over the US' Section 232 probe leading to a sell-off.Aluminium was the most traded metal of the complex today, with more than 20,000 lots changing hands by the close. Its price fell 1.6% - it concluded below support at $2,100 per tonne.The cash/three...Read More
The consequences of Gold Truth, such as it is but has not yet been revealed, are beyond sobering. If the Gold Truth is that USG, Inc. does not possess and own the gold it has promised the world that it owns and possesses, every last shred of monetary, fiscal, financial, economic and moral authority that USG, Inc. still possesses would be destroyed in a matter of seconds. And it is virtually imposs...Read More
Nickel premiums in Europe crept higher on Tuesday March 7 on tight availability and declining London Metal Exchange nickel stocks, while Asian nickel premiums were stable due to the sustained negative arbitrage in China and amid slow trading activity. European nickel premiums higher due to tight availability Quiet trading activity reported in both China and other Asian regions US nick...Read More
Around 2.5 million tonnes of copper output is exposed to high disruption risks this year in Chile, the country's copper commission said at Metal Bulletin's International Copper conference in Madrid on Wednesday March 7. The figure represents 43.4% of the total forecast output for 2018 from the world's top copper producing country, Jorge Cantallopts, director of public planning and research with Co...Read More
Emerald Health Therapeutics, Inc. (TSXV:EMH) and Village Farms International Inc. (TSX:VFF) intend to grow cannabis at their jointly-owned Delta 3 greenhouse operation in British ColumbiaSmallCapPower | March 7, 2018: Emerald Health Therapeutics, Inc. (TSXV:EMH) and Village Farms International Inc. (TSX:VFF) announced on Monday the issuance of cultivation license by Health Canada for their jointly...Read More
Europe's largest copper smelter, Aurubis, is open to exploring merger and acquisition (M&A) opportunities outside of the continent while it looks to double down on processing and refining raw copper, chief executive officer J? 1/4 rgen Schachler told Metal Bulletin in an interview. "The whole world is becoming one region. Copper and its pre-products are travelling quite well so we are looking arou...Read More
Spain's Atlantic Copper will be looking to maximize output at its Huelva smelter even as it expects the copper concentrates market to tighten further, the company's chief executive officer (CEO) Javier Targhetta told Metal Bulletin in an interview.Atlantic Copper, which is the third largest copper smelter in Europe and acts as a key outlet for copper concentrate units from mines within its owner F...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Copper demand derived from the shift to electric vehicles (EV) is expected to be constrained by availability of other key metals, including cobalt, a panelist said at Metal Bulletin's 31st International Copper Conference in Madrid on Wednesday March 7. "That demand for copper will only be required if we can find other elements. If we don't have other things, we can't even produce the electric cars...Read More
The restriction on imports of some copper scrap products to China has already caused the industry to make some process changes but many questions are still unanswered, a panel of scrap experts said at the Metal Bulletin Copper conference.The number of licenses granted by the Chinese government for copper scrap imports dropped by 94% year on year to account for 136,685 tonnes in the first two...Read More
Turkish steel mills have booked more deep-sea scrap for April, with prices rising slightly on strong demand for rebar and billet in the domestic market, sources told Metal Bulletin on Wednesday March 7."Steel mills have already sold a number of billet cargoes to the domestic market at around $585-590 per tonne ex-works," a Turkish source said."Rebar demand in the domestic market is also strong, [s...Read More
A Belgian court fined a man ?,?3,000 ($3,700) for telling a female police officer that she should do a job more “adapted to women.”It is the first time that anyone has been convicted of sexism under a new Belgian law.The driver was found guilty of three charges: contempt of a police officer, making threats and sexist remarks in public, and a serious violation of another person's digni...Read More
Comex copper prices dipped in the US morning on Wednesday March 7 with a confluence of bearish signals, including a potential trade war and higher dollar, weighing on the base metals complex. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 2.80 cents or 0.9% to $3.1310 per lb. "Most of the base metals remain on a back footing this morning and that seems to...Read More