Primary aluminium production at Emirates Global Aluminium (EGA) rose 4% to a record 2.6 million tonnes in 2017, the aluminium producer said on Tuesday February 27. EGA sells about 10% of its production to customers in the United Arab Emirates. It sold 268,000 tonnes of aluminium metal to customers in the UAE in 2017, compared with 262,000 tonnes - including sales of hot liquid metal to customers l...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 27, 2018For the past fifteen months or so, gold has repeatedly been turned back by immense technical resistance in the $1370 area.Pleaseclick here now. Double-click to enlarge this daily gold chart. There have been three clear attempts to push through the $1370 area since November of...Read More
Tungsten miner W Resources has agreed offtakes for tungsten concentrate produced at its La Parrilla mine in Spain. From early 2019, W Resources will supply 66% WO3 tungsten concentrate to Wolfram Bergbau und H? 1/4 tten and a "leading supplier to the USA tungsten markets," W Resources said. The offtake agreements will account for around 80% of output from the T2 production phase at La Parrilla, an...Read More
The Chinese vanadium market remained sluggish after the Lunar New Year holiday came to an end last week, but the European and US markets continued to strengthen amid supply concerns. China market sluggish after holiday, prices steady Tightness in European market bolsters prices once again US market continues to strengthen on thin supplyChinese vanadium participants were slow in returning to the ma...Read More
Tungsten miner W Resources has agreed offtakes for tungsten concentrate produced at its La Parrilla mine in Spain. From early 2019, W Resources will supply 66% WO3 tungsten concentrate to Wolfram Bergbau und H? 1/4 tten and a "leading supplier to the USA tungsten markets," W Resources said. The offtake agreements will account for around 80% of output from the T2 production phase at La Parrilla, an...Read More
10%. That's what February’s flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that he's fine with inflation exceeding the target rate of 2%. Put another way, he's promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affectgenerating lots of debt-driven consumer spending. An...Read More
Fiore Gold's Pan Mine in Nevada. Source Fiore Gold Ltd.Fiore Gold Ltd. [F-TSXV, FIOGF-OTCQB] has released the results from the first six holes of its 2018 drill program at its Pan Mine in Nevada. The Pan Mine is a Carlin-style, open-pit, heap-leach mine in east-central Nevada, approximately 28 km southeast of the town of Eureka, on the prolific Battle-Mountain - Eureka gold trend. This is part of...Read More
Historic payment structures are enabling zinc smelters to raise primary output even as market-related terms such as metal premiums and concentrate treatment charges remain low; but the opposite is true for lead. Zinc smelters which process concentrates into refined metal only have to pay for 85% of the zinc metal contained in concentrate they purchase, but generally utilize 97% or more. Lead smelt...Read More
Should U.S. investors take an interest in Canadian marijuana stocks, such as Cronos Group Inc. (TSXV:MJN), it could inflate valuations even further in a sector that some think is already insanely pricedSmallCapPower | February 27, 2018: Cronos Group Inc. (TSXV:MJN), based in Toronto, becomes the first marijuana company to list on a major United States stock exchange, the Nasdaq, on February 27, 20...Read More
In February, we flew to Mexico to kick the proverbial tires of Riverside Resources (RRI.V), a prospect generator with a very specific focus on Mexican projects. Although Riverside owns 9 projects, we were only able to visit two of them during our stay in Mexico's Sonora state.Read More
Diamond drilling at Kintavar Exploration's Mitchi Project, Quebec. Source: Kintavar Exploration Inc.Highlights include drill hole DDH MS-17-08, which intersected 206.3 metres, grading 0.18% copper and 1.65 g/t silver, including 21.9 metres of 0.52% copper and 16.5 metres of 0.50% copper. In total, four of 12 drill holes intersected over 100 metres of copper mineralization.Mineralization starts fro...Read More
Brazil's environment secretariat in Par?? state says it will order Norsk Hydro to halve production at its Alunorte alumina refinery due to non-compliance with a resolution issued late last week, the Norwegian aluminium producer said on Monday February 26. The Secretariat of Environment and Sustainability in the Brazilian state of Par?? (SEMAS) said Alunorte, which is located in Par??, Brazil, does...Read More
10%. That's what February’s flash crash shaved off of the major US equity indexes. And now Gerome Powell, the Fed's incoming chairman, is saying that he's fine with inflation exceeding the target rate of 2%. Put another way, he's promising that monetary policy will be as loose as necessary to keep asset prices elevated and the wealth affectgenerating lots of debt-driven consumer spending. An...Read More
* Hole 008 was lost at 28m due to mechanical failure and drilled on the same pad as 007 at a steeper angle. Hole 007 was lost at 128.5m due to mechanical failure and broken ground.Drill holes to date were oriented to cross the most prominent structures seen in outcrops so core lengths reflect approximately the interpreted true width of the California zone mineralization but additional drilling is...Read More
Ferroglobe plc reported improved revenues for the fourth quarter and fiscal year 2017, which the company attributed to higher prices for silicon metal. London-based Ferroglobe reported revenue of $468.2 million in the fourth quarter, up 3.7% from $451.6 million in the third quarter. Meanwhile, revenue for the year 2017 was $1.7 billion, up 10.5% from $1.6 billion the previous year. The ferro-alloy...Read More
Cobalt prices made further gains last week, but the rally was kept in check by buyers able to satisfy some of their requirements by purchasing scrap and pulling forward contracted volumes. Metal Bulletin's benchmark price assessment for low-grade cobalt was $38.50-39.30 per lb, in-warehouse, on Friday February 23, up from $38.15-39.30 per lb midweek, and $38-39.30 a week earlier. High-gr...Read More
Turkish scrap import prices continued to climb on Tuesday February 27 with news of another Baltic Sea cargo sold at the end of last week.Market participants, however, expected prices to go up even further, while suppliers have already increased their offers, Metal Bulletin was told.A steel mill in the Izmir region booked the Baltic Sea cargo late on February 23, comprising 28,000 tonnes of HMS 1&2...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Margaux Resources (TSXV: MRL) (OTCQB: MARFF) Advances Exploration Strategy; Completes Two Important Consolidations of Contiguous Lands, Projects and Mineral Tenures; Announces Amendment to Jersey Emerald Option Agreement Calgary, Alberta - February 27, 2018...Read More
Import prices for steel billet in Southeast Asia edged up over the past week while those for slab in the wider region including East Asia experienced sharp gains amid limited offers.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday February 26, up $5 per tonne from a week earlier.Prices increased after trading activity pi...Read More