The three-month aluminium price rallied 2% to a two-week high on the London Metal Exchange at the close on Friday February 16, with spreads moving into a significant backwardation.The latest rally comes as news breaks that the US Department of Commerce has advised President Trump on tariffs on aluminium and steel. Secretary Ross has recommended three possible tariffs to President Trump: A tariff o...Read More

US Secretary of Commerce Wilbur Ross has recommended a series of import tariffs, in addition to existing duties in place, after compiling a report on the industry. - One tariff proposed includes at least 7.7% on all aluminium exports from all countries. - A second tariff proposed includes 23.6% on all products from China,...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsZinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months, with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs this week. A widening contango in forward price spreads on the LME is contributing to bullish...Read More

The week before the Dow/SPX quickly plunged 10%, the Fed had reduced its SOMA account (the SOMA account is its "QE" account) by $21 billion. Just as quickly as the stock market dropped, it has sharply recovered more than half of its losses from the previous week. As it turns out, the Fed added $11 billion back to its SOMA account. That's an $11 billion injection of cash directly into the banking...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsZinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months, with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs this week. A widening contango in forward price spreads on the LME is contributing to bullish...Read More

A widening contango in forward price spreads on the London Metal Exchange is contributing to bullish bids on miners' copper concentrate sales to traders.Copper concentrate treatment and refining charges (TC/RCs) subsided this week, with the Metal Bulletin index dropping 3% to $69.5 per tonne/6.95 cents per lb on Thursday February 15 in a week where smelter buying terms were largely stagnant.&...Read More

Invicta LupakaLupaka Gold (LPK.V) has received the final US$2.5M cash payment from PLI (the third tranche of an initial US$6.1M streaming deal) and combined with the proceeds from selling 3.1 million shares of GoldMining (GOLD.V). After funding its ongoing activities at Invicta, Lupaka still has approximately C$7.6M in the bank which should be sufficient to bring the poly-metallic Invicta project...Read More

M2 Cobalt (MC.V) has started its exploration program in Uganda where it's trying to prove up a copper-cobalt district on the land package it has been assembling for the past several years now. This year's exploration program (the very first program since the properties were vended into M2 Cobalt) will consist of five different steps including drone surveys, large sampling programs (which will incl...Read More

Senator Doug Black.It is a key reason why the Alberta-based senator introduced Bill S-245 the Trans Mountain Pipeline Project Act in the Senate on February 15, 2018. The aim is to declare that the pipeline expansion project is in the national interest and should proceed for that reason.Not having access to energy markets is costing Canada billions of dollars and the expansion of the Trans Mountai...Read More

Extracts drive MedReleaf Corp.'s (TSX:LEAF) third-quarter revenues to record levels, but its bottom line disappointsSmallCapPower | February 16, 2018: MedReleaf Corp. (TSX:LEAF) announced third-quarter results recently that showed record quarterly revenues of $11.4 million, up 9% YoY and 16% QoQ, driven primarily by strong growth in extract-based products, offset by a decline in dried cannabis pro...Read More

Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metalsZinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months, with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs this week. A widening contango in forward price spreads on the LME is contributing to bullish...Read More

The Moss gold-silver mine located 80 miles southeast of Las Vegas in the Oatman District of Mohave County, Arizona. Source: Northern Vertex Mining Corp.The company said it has commenced leaching ore on the pad in preparation for its first gold pore in first quarter of 2018. The final US $3 million working capital draw is underway as we transition from development to production at the Moss Mine, th...Read More

Bisha open pit mine, EritreaThe company has a 100% interest in the high-grade Timok Upper Zone and 60.4% interest in the Timok Lower Zone. The Lower Zone is a partnership with Freeport-McMoRan, which owns 39.6% and, upon completion of a Feasibility Study, Nevsun will own 46% and Freeport 54%. For the Upper Zone, PEA highlights include: US $1.5 billion NPV (8%) and 50% IRR (after-tax); $630 million...Read More

Prices for light iron, grade-5C steel scrap from the United Kingdom were largely unchanged this week, with buyers continuing to secure satisfactory volumes of material and paying current market prices, sources told Metal Bulletin on Friday February 16.The key scrap export markets in Turkey and India strengthened this week, but the knock-on effect to the UK grade-5C market has been limited so far,...Read More

The price range for austenitic alloy steel scrap imported into mainland Europe rose by ?,?10-30 per tonne week-on-week on Friday February 16, after the nickel price rose sharply.Metal Bulletin's weekly price assessment on Friday for 18/8 stainless steel solids imported into mainland Europe was ?,?1,150-1,160 ($1,435-1,448) per tonne cif main European ports, compared with ?,?1,120-1,150 per tonne c...Read More

Steel scrap prices in the world's major markets remained firm during the working week from Monday February 12 to Friday February 16.Turkish steel mills continued their deep-sea scrap purchases for March, with prices going up slightly over the week.Meanwhile, the United States' export market enjoyed the demand from Turkish mills and expected stronger prices in the country's own domestic market.Impo...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Gossan (TSXV: GSS) (FSE: GSR) Fortifies Geological Team for Sturgeon Lake Drill Program Winnipeg, Manitoba - February 16, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Gossan Resources Limited (TSXV: GSS) (FSE: GSR) has assembled its geological team fo...Read More

Comex copper prices were trading at their highest point since mid-January on Friday February 16 morning in the US, with solid US data offsetting a rising dollar.Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 1.20 cents or 0.4% to $3.2575 per lb. Earlier, the contract touched $3.2720 per lb, the highest since January 16.At last glance, the dollar index...Read More

When tragedy strikes it is understandable that people get emotional. But they often forget that the media knows how to pull the heartstrings for nefarious reasons. If a media campaign looks coordinated, it probably is. We should never let the emotions they trigger override our logic, and threaten our safety.And we shouldn’t let whole groups be punished for the crimes of individuals. Nothing...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Bayhorse Silver Produces SilverSource: Bob Moriarty for Streetwise Reports February 16, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold recommends doing the math to profit from silver, and describes a silver miner he believes is "on to something....Read More