The latest news and price moves to start the Asian day on Tuesday January 30.Zinc was the best performer on the London Metal Exchange at the close on Monday January 29, rising nearly 2% while the other metals diverged. Read more in our live futures report.Here are how LME prices looked at Monday's close:European non-ferrous metals industry association Eurometaux welcomed the release of new de...Read More
If a week is a long time in politics, six months is an age in a public company. And as 2017 Full Year Production Results & 2018 Guidance is published today, ordinary shareholders at Petropavlovsk (LSE: POG) may be beginning to question if the intentions behind last year's messy coup were entirely honest.To recap: after an astonishing 20-year run at Petropavlovsk, in which veteran gold-bug Pe...Read More
If a week is a long time in politics, six months is an age in a public company. And as 2017 Full Year Production Results & 2018 Guidance is published today, ordinary shareholders at Petropavlovsk (LSE: POG) may be beginning to question if the intentions behind last year's messy coup were entirely honest.To recap: after an astonishing 20-year run at Petropavlovsk, in which veteran gold-bug Pe...Read More
Weekly Reports |Jan 30 2018A petition to the US government threatens to ensure uncertainty in the uranium market for some time.-US producers appeal to president's protectionist ilk-Uncertainty rules-Spot and term prices remain under pressureBy Greg PeelLast week's Uranium Week highlighted a petition filed with the US Department of Commerce by US uranium producers Ur-Energy and Energy Fuels. Th...Read More
A summary of base metals premiums across the globe for the week to Tuesday January 30.Read More
Base metals prices on the London Metal Exchange closed in negative territory across the board on Tuesday January 30, with nickel slumping over 3%. Nickel prices rallied to a fresh two-and-a-half-year high of $13,915 per tonne last week, but has now come under increased selling pressure and a downward correction. "It's [nickel's] price action can be quite volatile. We are seeing broad based ri...Read More
ABN Amro's Casper Burgering took the top spot on Metal Bulletin's Apex 2017 yearly base metals leaderboard with an accuracy rating of 96.4%.In second place for base metals was Investec with an accuracy rating of 96.1%, while Ed Meir of INTL FCStone was in third with 96%. Metal Bulletin Research took fourth place with 95.60% and Bert Melek from TD Securities was fifth with 94.10%. In the precious m...Read More
Tesla must be burning cash a lot more quickly than the rate at which its operations were burning cash in the first 9 months of 2017. Through the first three quarters, TSLA had incinerated $570 million, or roughly $2 million per day. Its Model 3 sales are horrifically below Musk's bold predictions.Now Tesla is going take part of its "leased" vehicle portfolio and attempt to raise $546 million b...Read More
Bob Moriarty ArchivesJan 30, 2018Investors love seeing companies pick up projects with giant potential in the tens of million ounces of gold and billions of pounds of copper, zinc or lead. Investors love big projects. They should hate them. They are a curse. Porphyriesandalkaline intrusivesystems can be humongous. CrippleCreek in Colorado is an alkaline intrusive system and was the source of over...Read More
Due to a tight market balance, Citibank expects spot prices to sustain in the near term at $6.50-7 per dry metric tonne unit (dmtu), cif, China.One of the strong supporting factors is China's increasing dependence on imports, which remains the most important catalyst for seaborne prices, Citi's analysts said in a report released on January 30.China's manganese ore imports grew 30% year on year dur...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comJan 30, 2018Technically and fundamentally, gold is poised to resume its magnificent rally that is taking investors into what I call a “bull era”.The next FOMC meeting announcement is tomorrow. I expect the Fed to strongly signal more rate hikes and ramped up quantitative easin...Read More
Supply concerns continued to drive Chinese ferro-vanadium and global vanadium pentoxide (V2O5) prices, while European ferro-vanadium prices found stability at slightly lower levels while market activity slowed. Low availability continues to drive Chinese FeV, V2O5 markets European ferro-vanadium prices stabilize at slightly lower levels US FeV market continues to run on supply concerns, trader int...Read More
Metal Bulletin is proposing to launch two blister copper refining charges (RC) assessments.Metal Bulletin proposes to launch two blister copper refining charges (RC) assessments, namely blister copper 98-99% spot RC cif China, and blister copper 98-99% annual benchmark RC cif China. The spot assessment will be published on a monthly basis while the benchmark assessment will be published on an annu...Read More
Supply concerns continued to drive Chinese ferro-vanadium and global vanadium pentoxide (V2O5) prices, while European ferro-vanadium prices found stability at slightly lower levels while market activity slowed. Low availability continues to drive Chinese FeV, V2O5 markets European ferro-vanadium prices stabilize at slightly lower levels US FeV market continues to run on supply concerns, trader int...Read More
Manganese ore prices continued to exhibit strength on thinning supplies last week, while Chinese alloy markets felt pressure from slowing demand. Tightening supplies drive ore prices upward Sluggish demand weakens Chinese alloy prices EU alloy markets remain firm in quiet market US alloy prices continue to run on cold-weather-related tightnessOre prices edge higher on tightening suppliesManganese...Read More
Location map of the Allegiant Gold's Bolo and Eastside properties in Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV], the new spin out comprised of the Western U.S. exploration assets of Columbus Gold Corp. [CGT-TSX, CBGDF-OTCQX], got off to a positive start Tuesday, the first day of trading on the TSX Venture Exchange. The shares rose 23% or $0.14 to 74 cents in early afternoon...Read More
Aphria Inc. (TSX:APH) Monday announced a $826 million cash-and-stock transaction to acquire Nuuvera Inc. (TSXV:NUU)SmallCapPower | January 30, 2018: Consolidation continues to sweep the Canadian cannabis sector as producers scramble to boost their capacities domestically heading into the recreational legalization in mid-2018, as well as internationally to capture the growing opportunity overseas i...Read More
Sampling stockpiles at the Orefinders Mirado gold project near Kirkland Lake, Ontario. Source: Orefinders Resources Inc.Orefinders Resources Inc. [ORX-TSXV, OTC-ORFD] said Tuesday January 30 that its plans to spin out a pure play battery metals public company that will initially consist of its Mann Mines silver and cobalt properties the Cobalt-Gowganda region of northeast Ontario.While Orefinders...Read More
Ubika Research analyst provides an update on the latest core sample results from GTA Mining and Resources Inc. (TSXV:GTA), which included 320.1 g/t goldSmallCapPower | January 30, 2018: Bonanza grade from final assay results. On January 29, 2018, GTA Mining and Resources Inc. (TSXV:GTA) reported the last core sample from its completed drill campaign at Big Duck Lake located 25km north of Schreibe...Read More
Turkish steel mills have returned to the deep-sea scrap markets for March cargoes and the prices have fallen further at the recent transactions, sources said on Tuesday January 30.The mills had been widely expected to book more cargoes for delivery in February, but no such deals have been reported.Instead, after a short period of negotiation, the mills in the country booked two deep-sea cargoes fr...Read More