Seaborne coking coal prices were firm on Friday February 23 even though concerns about weather-related disruptions to rail services in Queensland, Australia, were allayed. Rail freight operator Aurizon said during the day that Goonyella rail system had re-opened on Thursday evening and that the remainder of the Central Queensland Coal Network remained open and operational. But market sources said...Read More
Deliverable base metals stocks at Shanghai Futures Exchange-approved warehouses all rose in the short trading week to Friday February 23, except for nickel and tin which saw a very slight decline.Copper stocks increased 20,773 tonnes to 218,532 tonnes between Thursday and Friday, up 10.5% compared to 197,759 tonnes on Wednesday February 14, the last trading day before the Lunar New Year holidays.T...Read More
The seaborne iron ore market received some stimulation on Friday February 23 despite limited trading activity, after plans to extend production restrictions in Tangshan beyond the winter heating season emerged.Key drivers Tangshan's municipal government is seeking feedback from market participants about a plan requiring mills under its jurisdiction to lower the production rates of their blast furn...Read More
The European antimony market continued to push higher last week amid tightening Rotterdam supplies despite China's absence from the market for the Lunar New Year holiday.Metal Bulletin assessed MMTA standard-grade II antimony in-warehouse Rotterdam prices at $8,400-8,800 per tonne on Friday February 23, unchanged from Wednesday when prices had climbed from $8,400-8,700 per tonne.Trioxide-grad...Read More
The following Metal Bulletin minor metals prices changed on Friday February 23:Minor metals Cadmium MB free market min 99.95%, cents/lb: 130-140 per lb from 125-140 Cadmium MB free market min 99.99%, cents/lb: 135-155 per lb from 122-155 Chromium MB free market alumino-thermic, $/tonne: $10,000-10,500...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Key data from the Friday February 23 pricing session in Shanghai.Cobalt Metal MB China domestic min 99.8% RMB/tonne Key drivers: - The Metal Bulletin China cobalt metal price rose to 600,000-640,000 yuan per tonne (equivalent to $36.63-39.07 per lb ex-China VAT) on February 23, up 3.3% from its previous reading. - Chinese cobalt metal prices are playing catch-up after the Lunar New Year...Read More
The base metals complex on the London Metal Exchange is mixed this morning, Friday February 23, with prices down by an average of 0.2%. Zinc prices lead the decline with a 0.8% fall to $3,501 per tonne, copper and nickel prices are off by 0.4% with the former at $7,143 per tonne, aluminium prices are bucking the trend with a 0.4% rise, while the rest are little changed. Volume has returned to arou...Read More
There was little activity in China's domestic stainless steel market over the past week due to the Chinese New Year, which has resulted in supply pressures increasing.Traders were offering stainless cold-rolled coil at 14,800-15,500 yuan ($2,329-2,439) per tonne, the same level as offers made before the February 15-21 Chinese New Year break, market sources said. No transactions were heard on Thurs...Read More
The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday February 23:Aluminium ingot Duty paid delivered works...Read More
Shares in Canada's Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) got a boost Friday after the company announced it was on track to pour first gold at its Ity mine in Ivory Coast by mid-2019.Company is building a plant that will add 14 years of productive life to its Ivory Coast-based gold mine.The West Africa-focused firm said the $412-million construction project to upgrade Ity remained on-time and o...Read More
Tahoe Resources (TSX:THO)(NYSE:TAHO) lost $18 million, or 6 cents per share, in the fourth quarter of 2017 due to the ongoing shutdown of its flagship Escobal silver mine, in Guatemala.The Reno, Nevada-based company said adjusted loss was $17.7 million, which dramatically contrast with the $18.4 million profit logged a year ago.Net earnings for the whole year were also affected, with the miner po...Read More
Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.The move, however, would add further costs to an ongoing $5.3 billion underground expansion of the mine, said Oyu Tolgoi LLC, Mongolia's largest copper and gold...Read More
Zimbabwe's Minister of Mines, Winston Chitando, held a press conference this week to announce that, following its one-year break, the country has resumed diamond auctions and expects to sell 1.558 million carats of diamonds over the next two months.According to Chitando, the Zimbabwe Consolidated Diamond Company will conduct separate auctions in March and April to sell all the diamonds it has stoc...Read More
The President and CEO of Canada's Mandalay Resources (TSX:MND), Mark Sander, dubbed 2017 as a challenging year for his company.In a press release outlining Mandalay's unaudited 2017 fourth quarter and full-year financial results, Sander said that the company generated 12 per cent lower revenue last year compared to 2016. Suspension of production at its Cerro Bayo underground silver-gold complex in...Read More
https://www.reuters.com/LONDON (Reuters) – Anglo American said on Thursday annual earnings rose 45 percent and net debt halved as the miner rebounded from a commodities slump and said it had become a fundamentally different business focused on productivity.All the major miners have reported a recovery from the 2015-16 crash in commodities prices, announcing increased returns for shareholders...Read More
01:00 The Middle East on the brink of further bloodshed05:00 Stock market correction or something worse?08:45 "To make money investing you must be a contrarian!"18:00 Are we entering the next recession or the next depression?29:35 The cryptocurrency markets and the potential of Blockchain38:40 How to learn more on investing and financial stability Bob brought 321gold.com to the Internet almost 14...Read More
Read the latest articles at Peak Prosperity: https://www.peakprosperity.com/Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stoc...Read More
Posted: Feb 23, 2018JK: Discovery Watch Feb 23, 2018 with Jim Goddard and John KaiserPublished: Feb 23, 2018HSC: Discovery Watch Feb 23, 2018: Science Guys take Back Seat to Mining GuysDiscovery Watch is a weekly 15-20 minute audio show sponsored by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with interesting exploration plays that have caught John's attention. T...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More