This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery lost 22 cents to $61.68 on the New York Merc, while Brent for April gained 17 cents to $65.42 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28 to WTI...Read More
The latest news and price moves to start the Asian day on Friday February 23.Most base metals retreated on the London Metal Exchange on Thursday February 22, with the complex caught in a sell-off. Read more in our live futures report.Here are how LME prices looked at Thursday's close:Wieland-Werke plans to acquire Aurubis' rolled-products division later this year, which is intended to ki...Read More
Power Americas Minerals (TSX-V: PAM) / (OTCQX: PWMRF) is well positioned among roughly 18 juniors exploring for Cobalt ("Co") (and associated gold/silver) in the world-class, past-producing Silver-Cobalt Mining Camp in northeastern Ontario, Canada. Although reports vary, something on the order of 400-750 M ounces of Silver ("Ag") and 40-50 M pounds of Co were produced in the district. Power...Read More
Gold is faring quite well today technically, though you sure wouldn't know it from the rampant bearish sentiment. Gold's price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn't far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet tra...Read More
The gold market is setting up for a perfect storm as the top mining producers' supply is forecasted to decline right when demand is likely to surge. The surge in gold demand will occur as the broader stock markets roll over and begin their inevitable massive correction. Due to the tremendous amount of leverage in the system, the coming market correction will be quite violent at times. If investors...Read More
Power Americas Minerals (TSX-V: PAM) / (OTCQX: PWMRF) is well positioned among roughly 18 juniors exploring for Cobalt ("Co") (and associated gold/silver) in the world-class, past-producing Silver-Cobalt Mining Camp in northeastern Ontario, Canada. Although reports vary, something on the order of 400-750 M ounces of Silver ("Ag") and 40-50 M pounds of Co were produced in the district. Power...Read More
Gold is faring quite well today technically, though you sure wouldn't know it from the rampant bearish sentiment. Gold's price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn't far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet tra...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base MetalsGlencore metal traders banked a record $2 billion in profits in 2017 - a year where traded volume of copper, zinc and ferro-alloys grew substantially.Wieland Group will strengthen its position as Europe's largest semi-finished copper products producer by acquiring Aurubis' rolled-prod...Read More
The benchmark cash/three-month spread in aluminium at the start of this week hit backwardation levels not seen since before the Global Financial Crisis, which is a landmark event but not necessarily a signal of a major shift in market dynamics.It is most probably a short-term aberration caused by the potent combination of February date shorts clashing with dominant longs but given added spice and...Read More
Tin was the only base metal to close in positive territory on the London Metal Exchange on Friday February 23, with the rest correcting lower.The three-month tin price ended $75 per tonne higher than the previous close, with unchanged all week at record lows of just 1,860 tonnes."Tin's fundamental backdrop remains positively skewed after the World Bureau of Metal Statistics (WBMS) reported a marke...Read More
I'm still trying to understand how this nation became so deeply embroiled in this idiotic investigation into "he said, she said" about the Russians interfering in U.S. politics. I can tie it back to the presidential election campaign when Hillary Clinton asserted, during one of the debates, that the Russians hacked her email. LOL. As it turns out, we know that is false.The only real connecti...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base MetalsGlencore metal traders banked a record $2 billion in profits in 2017 - a year where traded volume of copper, zinc and ferro-alloys grew substantially.Wieland Group will strengthen its position as Europe's largest semi-finished copper products producer by acquiring Aurubis' rolled-prod...Read More
The Jericho Oil (JCO.V) management team has been very busy in the past few months as it completed a series of strategic transactions to A) raise more money and B) strengthen its position in the STACK play.This has resulted in Jericho entering into a farm-in agreement with a private operator to participate in the completion of 2-5 horizontal wells in Major County. Once the first two horizontal well...Read More
Avalon's Separation Rapids lithium deposit in northwestern Ontario. Source: Avalon Advanced Materials Inc.As planned, six holes totalling 1,500 metres were completed in just under one month. The program ran very smoothly without technical issues, the company said in a press release.The objective of the drill program was to expand lithium resources of both the lepidolite and petalite-rich mineraliz...Read More
Pascal Biosciences Inc. (TSXV:PAS) discovered certain cannabinoids that enhance the immunogenicity of tumor cells, making them more easily recognizable by the immune systemSmallCapPower | February 23, 2018: Pascal Biosciences Inc. (TSXV:PAS), a drug development company focused on harnessing immune system to fight cancer, announced Wednesday that it has discovered certain cannabinoids that enhanc...Read More
Diamond drilling at Northern Dynasty's Pebble Project in Alaska. Source: Northern Dynasty Minerals Ltd.The highlight of the report is a minor increase in the estimate of the mineral resources at Pebble. The increase results from a change in the metallurgical processing approach as outlined in the Project Description submitted to the U.S. Army Corps of Engineers in late 2017 and resulted in changes...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base MetalsGlencore metal traders banked a record $2 billion in profits in 2017 - a year where traded volume of copper, zinc and ferro-alloys grew substantially.Wieland Group will strengthen its position as Europe's largest semi-finished copper products producer by acquiring Aurubis' rolled-prod...Read More
Millions of tonnes of material are likely to be redirected to steel markets outside of the United States if US President Donald Trump levies strict tariffs or quotas on imports after the Section 232 investigation. While US domestic steel prices are expected to spike if the US Department of Commerce's 232 recommendations lead to trade defense measures, there are two schools of thought as to how thi...Read More
Global ferrous scrap prices moved upward in the week from Monday February 19 to Friday February 23, amid strong demand for finished steel in countries including Turkey and India, sources told Metal Bulletin.Turkish importsTurkish import scrap markets recorded further price increases this week, shrugging off the negativity surrounding the trade defense recommendations in the United States' Section...Read More
The UK inter-merchant price range for austenitic alloy steel fell by ?10-20 per tonne this week, with the nickel price softening over the week, sources said on Friday February 23.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-990 ($1,322-1,378) per tonne delivered on Friday, compared with ?960-1,010 per tonne on February 16."While the scrap pric...Read More