The latest news and price moves to start the Asian day on Thursday February 22.Nickel was again the star performer on the London Metal Exchange at the 5pm close on Wednesday February 21, ending with gains of around 2%. Read more in our live futures report.Here are how LME prices looked at Wednesday's close:International miners active in the Democratic Republic of Congo are in wait-and-see mode aft...Read More
Vancouver-based Fremont Gold (TSX.V: FRE) announced today that it has entered into an option agreement with Ely Gold Royalties and its wholly-owned subsidiary Nevada Select Royalty to acquire 12 unpatented lode mining claims covering approximately 100 hectares in Elko Country, Nevada.The claims sit on the northern Carlin Trend, which is the second richest gold province in the world, with total his...Read More
Apple has been experimenting with ways to recover cobalt from its lithium-ion batteries and to use recycled cobalt. The company says it could potentially recover 550 kilograms of cobalt from every 100,000 iPhone 6 devices it recycles. Now there are reports it's looking to secure cobalt directly from miners, marking a further move by original equipment manufacturers (OEMs) to ensure certainty of ra...Read More
While most market analysts tend to focus on the energy or technology sectors, the mining sector has experienced a bit of a revival that hasn't gone unnoticed. Columnist Mike Kachanovsky narrows in on one junior gold mining stock for speculative investors who want to participate in the early stage of a renewed gold bull market.Resource stocks are coming back to life again, in what may be considered...Read More
The three-month copper price on the London Metal Exchange was the only base metal to close in positive territory on Thursday February 22, with the rest of the complex caught in a sell-off. "Through the afternoon sessions, and with the US dollar lower again, upward momentum was maintained and some prices recovered broadly to yesterday's levels." Sucden Financial noted. Copper dipped as low as $7,00...Read More
Wieland-Werke will strengthen its position as Europe's largest semi-finished copper products producer by acquiring Aurubis' rolled-products division later this year, yet the deal is intended to kickstart growth in the US and Asian markets, chief executive officer Erwin Mayr told Metal Bulletin. The two German companies said they were in talks over the acquisition, which will see Wieland take on a...Read More
Apple has been experimenting with ways to recover cobalt from its lithium-ion batteries and to use recycled cobalt. The company says it could potentially recover 550 kilograms of cobalt from every 100,000 iPhone 6 devices it recycles. Now there are reports it's looking to secure cobalt directly from miners, marking a further move by original equipment manufacturers (OEMs) to ensure certainty of ra...Read More
The former chief executive officer of Rio Tinto and Vedanta Resources, Tom Albanese, has joined an advisory board at flourishing miner Nevada Copper, in the expectation of being nominated for membership of the company's board at an annual general meeting in April.Albanese is joined on the advisory board by veteran mining analyst Ernie Nutter, previously of Capital Group and RBC...Read More
Apple CEO Tim CookThese reports come amid news that Cobalt 27 Capital Corp. [KBLT-TSXV, 270-FSE] has acquired a 1.75% net smelter royalty on all future production of all metals from the Dumont nickel-cobalt project in the Abitibi region of Quebec.Held by RNC Minerals [RNX-TSX], the Dumont Project contains the world's largest undeveloped, permitted and construction-ready reserves of nickel and coba...Read More
With this announcement, Canopy Growth Corporation (TSX:WEED) is on its way to having over 5.6 million sq. ft. of domestic growing spaceSmallCapPower | February 22, 2018: Canopy Growth Corporation (TSX:WEED) Tuesday announced that it acquired a cultivation license for the first of its two sites that are operating under the BC Tweed Joint Venture Inc. banner. Canopy Growth is gearing up to meet the...Read More
Cobalt 27 has agreed a 1.75% net smelter return (NSR) royalty on future production of all metals, including nickel and cobalt, from the Dumont nickel sulphide project in Canada. In return for a one-off investment in the construction-ready project, Cobalt 27 will receive royalties on production of the key battery raw materials, which is forecast to begin in 2020. The investment is the first to be h...Read More
Open pit mining at Taseko's Gibraltar copper-molybdenum mine near Williams Lake, British Columbia. Source: Taseko Mines Ltd.Taseko's flagship asset is its 75%-owned Gibraltar Mine 65 km north of Williams Lake, south-central British Columbia. Production volumes stated in the earnings release are on a 100% basis unless otherwise stated. The company's strategy has been to grow by leveraging cash flow...Read More
Apple has been experimenting with ways to recover cobalt from its lithium-ion batteries and to use recycled cobalt. The company says it could potentially recover 550 kilograms of cobalt from every 100,000 iPhone 6 devices it recycles. Now there are reports it's looking to secure cobalt directly from miners, marking a further move by original equipment manufacturers (OEMs) to ensure certainty of ra...Read More
Good morning from Metal Bullet's London office, bringing the latest news and pricing stories on Thursday February 22.Base metals on the LME fell across the board this morning, with a sell-off taking place following China's return to the market.Below is an LME...Read More
Turkish steel producers went back to buying deep-sea scrap on Thursday February 22, and paid comparatively higher prices, sources told Metal Bulletin.A steel mill in the Iskenderun region booked a US cargo, comprising 13,000 tonnes of HMS 1&2 (90:10) at $360.50 per tonne, 20,000 tonnes of shredded at $363.50 per tonne and 2,000 tonnes plate and structural scrap (P&S) at $368.50 per tonne cfr.Anoth...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop South African Gold Miner Offers Value Despite 'Flatter Medium-Term Outlook'Source: Streetwise Reports February 22, 2018 (Investorideas.com Newswire) David Haughton, an analyst with CIBC, reviewed this company's 2017 financials and 2018 guidance.Following Go...Read More
Taiwan saw a 25% year-on-year increase in ferrous scrap imports in December, according to the territory's customs agency.The island imported 236,058 tonnes of ferrous scrap during that month, 46,570 tonnes higher than the 189,488 tonnes it took in a year earlier, data from its Customs Administration...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Dunnedin (TSXV: DVI) Reports New Diamond Target Area at Kahuna Project Vancouver, British Columbia - February 22, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Dunnedin Ventures Inc. (TSXV: DVI) (the "Company" or "Dunnedin") today announced it has iden...Read More
Students plan to walk out of schools to protest gun violence. They say they won’t return until lawmakers do something to address school shootings.The students should walk out and never return. Being sitting ducks for gun violence is one reason, but it is far from the only one.1. Students Are Left DefenselessIt’s not just crazy gunmen students are left defenseless against. Some schools...Read More
Comex copper prices bounced-back on Thursday February 22 morning in the US, after a minor rout with a weaker dollar and solid US data lifted the complex.Copper for May settlement on the Comex division of the New York Mercantile Exchange rose 0.70 cents or 0.2% to $3.2230 per lb. With Chinese investors sidelined over the past week, the gyrations in the US dollar have been used as the barometer...Read More