There is a very good chance we witnessed the top in bitcoin when it hit just under $20,000 in December of 2017. The rapid price gains it achieved last year officially put it in the record books as the largest bubble ever recorded, exceeding even the Tulip Mania of 1634-1637. With the amount of attention bitcoin was receiving last year, the fear of missing out and level of irrational exuberanc...Read More
SHANGHAI, Feb 1 (SMM) – China’s production of 10 nonferrous metals amounted to 53.78 million mt in 2017, up 3% from a year ago, according to data released by the National Development and Reform Commission (NDRC) on Wednesday January 31. The annual growth was up 0.5 percentage point from the previous year.According to the data, copper output was up 7.7% to 8.89 million mt, aluminium was...Read More
Base metals prices on the London Metal Exchange are struggling to extend gains and are consolidating in high ground this morning, Thursday February 1. Copper ($7,073 per tonne), zinc, aluminium and nickel prices are off between 0.2% and 0.4%, while lead and tin prices are up by 0.2% and 0.1% respectively.Volume has been below average with 6,950 lots traded as of 07.07 am London time. This follows...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.Amazon Automating Grocery StoresLast week, Amazon announced the opening of its Amazon Go to the public and "Just Walk Out" shopping. We believe this is part of a broad shift in reshaping the broader retail market and Amazon is leading the way.Shoppers show up, grab what they want, and are automatically c...Read More
Published on: Feb 1, 2018 | by Meagan EvansAmerican Pacific Borate and Lithium Limited (ASX:ABR) has delivered a significantly upgraded JORC Mineral Resource Estimate for its 100%-owned Fort Cady Borate and Lithium Project in Southern California, USA increasing both tonnes and grade.Since ABR's acquisition of Fort Cady in May 2017, it has completed 14 new drill holes in confirming and expanding th...Read More
Amarillo Gold Corporation ("Amarillo" or the "Company") is pleased to announce that it has engaged Whittle Consulting (WCPL) to conduct an Enterprise Optimisation study for the Company's flagship Mara Rosa Gold Project in Brazil.WCPL's technical experts plan to model the complete value chain of the Mara Rosa Project. Their internal proprietary optimisation tool will then be used to maximise the fl...Read More
February 1, 2018 - ATAC Resources Ltd. (TSX-V: ATC) announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those parties to purchase up to a total of 3,165,000 common shares at a price of $0.55 for a period of five years.All options will vest on a quarterly basis commencing three months from the date of granting.About ATACATAC is a Yukon-...Read More
Morgan Bazilian, former lead energy specialist at the World Bank, will join Colorado School of Mines in February as the executive director of the Payne Institute for Earth Resources and research professor of public policy. As the Institute's inaugural executive director, Dr. Bazilian will be responsible for guiding and disseminating its policy-focused research and analysis, serving as the intel...Read More
Sir Fraser Stoddart, winner of the 2016 Nobel Prize in Chemistry, will be at Colorado School of Mines on Feb. 5 to give a public talk about his Nobel-winning research on the design and synthesis of molecular machines.Stoddart, professor of chemistry at Northwestern University, shared the 2016 Nobel Prize with Jean-Pierre Sauvage of the University of Strasbourg, France, and Bernard Feringa of the U...Read More
Treatment and refining charges (TC/RCs) for spot market copper concentrates dropped significantly during the second half of January, with smelters coming to the market for tonnages below benchmark rates and mine sales going at aggressive numbers.Metal Bulletin's copper concentrate TC/RC index dropped by $9.4 per tonne/0.94 cents per lb. Of that drop, $3.2/0.32 cents was due to the addition of a co...Read More
Lead prices on the London Metal Exchange were 1.7% higher at the close on Thursday February 1, with the metal continuing its fine performance since the turn of 2018. The three-month lead price hit a high of $2,668 per tonne earlier today, the highest since July 29, 2011, and closed just $3 shy of this high level. "The fundamental outlook for lead is strong with low exchange stocks while consumptio...Read More
Comex copper prices were trading in negative territory once again on Thursday February 1 with a bout of poor Chinese data offsetting strong US manufacturing figures. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.15 cents or 0.1% to $3.1940 per lb. The red metal has failed to set a clear price direction over the past few weeks and inconsistent data r...Read More
Iron ore prices remained largely stable on Thursday February 1 with transactions at Chinese ports and in the seaborne market being concluded at levels close to those a day earlier. Metal Bulletin's 62% Fe Iron Ore Index Today: $72.88 per tonne cfr Qingdao Daily change: down by $0.04 per tonne Month-to-date average: $72.88 per tonne Metal Bulletin's 58% Fe Premium Index Today: $59.59...Read More
Looking back to the last quarter of 2017, the average accuracy of MBR forecasts published in the Steel Market Tracker was 94% (when compared to forecasts published in the September issue). Our forecasts of European flat steel prices proved to be precise once again, with European domestic CRC and HRC prices scoring 99% and 98% accuracy respectively. Although we considered Chinese domestic rebar pri...Read More
The Turkish scrap import market remained quiet on Thursday February 1, with mills holding back in anticipation of a new price level, according to sources.There have been no new transactions heard since a US cargo was sold on January 30 at $348 per tonne cfr for HMS 1&2 (80:20).Suppliers did not want to follow that US cargo and lower their offer prices, Metal Bulletin was told."The mills are t...Read More
Ferro-alloys producer Ferroglobe has successfully completed the acquisition of a 100% interest in Glencore's manganese alloys plants in Mo i Rana (Norway) and Dunkirk (France) from a wholly-owned subsidiary of Glencore International, it said on Thursday February 1. Ferroglobe has received the necessary regulatory approvals in France, Germany and Poland for the purchases, the company added. The new...Read More
Comex copper prices were trading in negative territory once again on Thursday February 1 with a bout of poor Chinese data offsetting strong US manufacturing figures. Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.15 cents or 0.1% to $3.1940 per lb. The red metal has failed to set a clear price direction over the past few weeks and inconsistent data r...Read More
TSX VENTURE: FCCwww.firstcobalt.com Mr. Trent Mell reports:TORONTO, Feb. 1, 2018 /CNW/ - First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the "Company") is pleased to announce positive drill results from its 2017 drill program, intersecting 25 metres of fracture-controlled mineralization in the Canadian Cobalt Camp.Figure 1. Bedrock geology and location of drilling stations in the 2017 dri...Read More
Glencore has set its 2018 production guidance for own-sourced nickel in 2018 at 127,000-137,000 tonnes of nickel metal, much higher than it produced in 2017, according to its production results report published on Thursday February 1. Market participants attribute the higher guidance to the ramp-up of Koniambo after its No 2 furnace was rebuilt in December. Glencore produced 109,000 tonnes of nick...Read More
TSX VENTURE: ALGwww.algold.com Mr. Fran??ois Auclair reports:MONTREAL, Feb. 01, 2018 (GLOBE NEWSWIRE) -- ALGOLD RESOURCES LTD. (TSX-V:ALG) ("Algold" or the "Corporation") is pleased to announce that it has entered into a non-binding agreement with Osisko Gold Royalties Ltd ("Osisko") to complete a CDN $2 million private placement (the "Offering") and grant a 1.5% NSR royalty on the Tijirit Go...Read More