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Tight supply of raw materials pushes up germanium prices

January 15, 2018 / www.metalbulletin.com

Germanium prices rose further in Europe at the end of last week, reflecting crimped supply of raw materials and continued environmental inspections of plants in China, which have resulted in lower output and a shortage of material.Metal Bulletin assessed the germanium price at $1,250-1,400 per kg on an in-warehouse Rotterdam basis on Friday January 12, up from $1,200-1,350 per kg on Wednesday last...Read More

GLOBAL ANTIMONY WRAP: European market edges higher; Chinese prices stable

January 15, 2018 / www.metalbulletin.com

European antimony prices edged higher for both grades last week amid tightening prompt availability while prices in China were unchanged. Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,050-8,350 per tonne on Friday January 12, up from Wednesday's assessment of $8,000-8,350 per tonne, when prices had been unchanged. Trioxide grade antimony pric...Read More

GLOBAL SILICON WRAP: US silicon metal prices rise 2.5%; European, Chinese prices steady

January 15, 2018 / www.metalbulletin.com

Silicon metal prices in the United States inched up again in January, pressured by lingering supply concerns, while strong sentiment across the rest of the globe kept European and Chinese prices steady.American Metal Market assessed the spot price for US delivered 553 silicon at $1.40-1.42 per lb on Wednesday January 10, up by 2.5% from a month earlier when prices were in a range of $1.35-1.40 per...Read More

European secondary aluminium alloy prices leap up on heightened demand, LME price support

January 15, 2018 / www.metalbulletin.com

Strong demand, tight supply and higher London Metal Exchange aluminium prices have abruptly pushed European secondary aluminium alloy prices to a nine-month high, where they could stay for the coming weeks.Metal Bulletin assessed the price of DIN226-grade material, duty-paid, delivered in Europe, at ?,?1,800-1,850 ($2,158-2,218) per tonne on Friday January 12. This is up from ?,?1,770-1,820 per to...Read More

Acacia Mining's Q4 output down on Tanzania export ban

January 15, 2018 / www.mining.com

JOHANNESBURG, Jan 15 (Reuters) – Acacia Mining said on Monday said fourth-quarter production fell by a third on the previous year due to a ban on exports of gold and copper concentrates in Tanzania.The London-listed miner said production in the three months to December fell 30 percent to 148,477 ounces compared with a year ago and 22 percent from the previous quarter. This brought 2017 gold...Read More

Tahoe cutting 250 jobs at Escobal mine in Guatemala on reopening delays

January 15, 2018 / www.mining.com

Canada's Tahoe Resources (TSX:THO)(NYSE:TAHO) is laying off 250 employees, or roughly a quarter of the staff from its flagship Escobal silver mine, in Guatemala, as a legal battle to having the mining license for the site reinstated drags on.The Vancouver-based company had to halt operations at the mine last July after the country's Supreme Court provisionally ordered so following an appeal from...Read More

McEwen 2017 output fails to impress, but gold prices boost shares

January 15, 2018 / www.mining.com

Shares in Canadian precious metals producer McEwen Mining (TSX, NYSE:MUX) were up Monday as gold prices touched the highest level since early September during the European trading session, and the company reported 2017 and Q4 results.The Toronto-based company said it produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of...Read More

Gem Diamonds shares on fire as miner finds 910-carat rock

January 15, 2018 / www.mining.com

Shares in Africa-focused Gem Diamonds (LON:GEMD) skyrocketed Monday morning after the miner announced the recovery of what it qualified as the fifth biggest gem-quality diamond ever found.The 910-carat, D colour, Type IIa rough diamond was unearthed at the firm's flagship Let??eng mine in Lesotho. According to analysts at Liberum, it could fetch as much as $40 million, based on previous sales...Read More

New indicated resource points to expansion at New Century Zinc Mine

January 15, 2018 / www.mining.com

The re-start of a mothballed zinc mine in Australia is turning out to have a strong upside for both the mining company and its investors.New Century Resources (ASX:NCZ) announced the completion of resource definition drilling at the South Block portion of the Century Zine Mine.The mine was the third largest zinc mine in the world prior to its closure in 2016. New Century acquired its interest in...Read More

China imported a record amount of iron ore in 2017

January 15, 2018 / www.mining.com

Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017.While shipments were down 11% in December, the full-year totals rose 5% to 1.075 billion tonnes, exceeding a billion tonnes for the second year, according to Reuters trade data."Big miners have expanded their production and shipments while China's crackdown on il...Read More

Gold gains $21 in 3 days on T-bond selloff

January 15, 2018 / www.mining.com

Gold enjoyed a nice lift late last week as the yellow metal cruised to $1,337.40 at the close of trading Friday in New York.Spot gold gained $21.40 between Wednesday and Friday, clearly benefiting from the fallout of a dramatic selloff of US government debt. February gold futures rose 0.29% to $1,338.80.According to Bloomberg, Chinese government officials have recommended slowing or halting purcha...Read More

Callinex reports zinc and copper assays from Manitoba VMS project

January 15, 2018 / resourceworld.com

Jason Levers, Project Geologist, logging diamond drill core from the Pine Bay VMS Project at Callinex's facilities near Flin Flon, Manitoba. Photo courtesy Callinex Mines Inc.Callinex Mines Inc. [CNX-TSXV, CLLXF-OTCQX] on Friday January 12 released results from a 2017 summer drilling campaign at the Pine Pay and Big Island Projects in Manitoba's Flin Flon Mining District.The Pine Bay and Big Islan...Read More

KMW Blog Jan 15, 2018: Discovery Watch Jan 15, 2018 with Jim Goddard and John Kaiser

January 15, 2018 / secure.kaiserresearch.com

Posted: Jan 15, 2018JK: Discovery Watch Jan 15, 2018 with Jim Goddard and John KaiserPublished: Jan 15, 2018HSC: Discovery Watch Jan 15, 2018: Lust Dust becomes a StarDiscovery 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. The projects will n...Read More

So Much For WH Security - And Yours

January 15, 2018 / marketsanity.com

If you had any pretense that the United States, including high officials in the government such as the PresidentContinue...Read More

Bob Moriarty: The "Everything Bubble" is bursting. This is going to get ugly

January 15, 2018 / marketsanity.com

I suspect it began with the top in Bitcon and the other 1300-1400 related pseudo currencies back in December. I did an interview in the first week of Continue...Read More

Cryptocurrencies are crashing

January 15, 2018 / marketsanity.com

2018's cryptocurrency selloff picked up steam on Tuesday when Bitcoin slumped as much as 25 percent, as the potential for regulatory crackdowns appeared to grow.Continue...Read More

Noonan on Gold & Silver: Charts Say "Right Now, Risk Is Greater Than Potential Reward"

January 15, 2018 / marketsanity.com

...Those who have no patience for, or understanding of, the Continue...Read More

Rich Dad Author Says The Next Financial Crash Will be Like an "Avalanche"

January 15, 2018 / juniorgoldreport.com

Full Article/Video: Rich Dad Author Says The Next Financial Crash Will be Like an "Avalanche"By: Kitco NewsFor bestselling author Robert Kiyosaki, crashes, debt and taxes are the secret to how the rich are getting richer, so is 2018 setup to deliver?"I hope so," said Kiyosaki the author of Rich Dad, Poor Dad and his latest, How the Rich are Getting Richer. And with the stock market continuing to...Read More

EU could be flooded with steel if US probe brings bigger tariffs, WV Stahl warns

January 15, 2018 / www.metalbulletin.com

Europe could face a deluge of steel imports previously destined for the United States if Donald Trump's 232 investigation leads to strict import duties on steel products, German steel association WV Stahl has warned. EU tariffs on imports of cold rolled coil (CRC) from Russia and China led to prices for the material jumping in European domestic markets in 2017, while Russian producers lost ma...Read More

Birks Slides During Holiday Season

January 15, 2018 / www.diamonds.net

RAPAPORT... Birks Group's November and December sales declined 4% due toongoing renovations at two flagship stores and weak consumer sentiment in Canada, the jeweler reported Friday. The Montreal-based company noted comparable store sales grew 2% during the period, reflecting growth in locations that were open for more than a year and thus discounting the impact of the stores undergoing renovation...Read More

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