Metal Bulletin has launched a weekly Manganese Ore Index 37% Mn, cif Tianjin China $ per dmtu of metal contained. Launched after a consultation period, the new index will complement the two existing manganese ore prices, the 37%Mn fob Port Elizabeth South Africa Manganese ore index and the Manganese Ore Index 44% Mn, cif Tianjin $ per dmtu of metal contained. Strong demand from China's d...Read More
Klondex's Hollister Mine 61.5 miles east of Winnemucca, Nevada. Source: Klondex Mines Ltd.Klondex Mines Ltd. [KDX-TSX, KLDX-NYSE AMERICAN] shares were lower Friday February 2 after the company announced preliminary operating results that failed to match the lower end of Klondex's previous production forecasts.The company also cancelled an investor day conference, scheduled for February 7, 2018, be...Read More
Metal Bulletin has updated its manganese ore indices base specifications to align with market standards. For the manganese ore 37% Mn fob Port Elizabeth index, the alumina base content changes to 0.2% from 1% and the maximum to 2% from 8%. In addition, the silica base content changes to 5.5% from 6%, the phosphorous base content will change to 0.025% from 0.04%, and the maximum iron content w...Read More
Contact Gold Corp. (TSXV: C) is a gold exploration company, focused on leveraging its properties, people, technology and capital to produce district scale gold discoveries in Nevada. Contact Gold's extensive land holdings are on the prolific Carlin, Independence and Northern Nevada Rift gold trends, which host numerous gold deposits and mines. Contact Gold's land position comprises 28,082 hectares...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsIron ore prices ended Friday on the rise after experiencing declines early in the week. Metal Bulletin's 62% Fe Iron Ore Index came to $74.39 per tonne cfr Qingdao, amid gains in the futures and steel markets.Trading activity in the seaborne coking coal market remained thin on Friday, with...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Canadian Silver Hunter (TSXV: AGH.H) Reports 25 Metres of Mineralization Intersected at Keeley Mine Toronto, Ontario - February 2, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Canadian Silver Hunter Inc. (TSXV: AGH.H) (Canadian Silver Hunter" or the "...Read More
The market in the United Kingdom for grade-5C ferrous scrap has dropped this week, marking another weekly fall since the price was assessed on January 12, with suppliers cutting their offer prices in line with export demand.The move in the light iron scrap market in the UK follows a fall in trade to key destinations such as Turkey and the Indian subcontinent.The rate of steel scrap exports to Turk...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Sojourn Exploration (TSXV: SOJ) Joins Forces with Leading Exploration Team Vancouver, British Columbia - February 2, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Sojourn Exploration Inc. (TSXV: SOJ) (OTC Pink: SJRNF) ("Sojourn" or the "Company") has j...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop RosCan (TSX-V: ROS) Obtains Right to Assume Operatorship at Dormaa Project in Ghana Toronto, Ontario - February 2, 2018 (Newsfile Corp.) (Investorideas.com Newswire) RosCan Minerals Corporation ("RosCan" or the "Company") (TSX-V: ROS) is pleased to provide...Read More
Don’t politicians understand irony!The Polish Senate just passed a bill to make it illegal to claim that Poles were complicit in implementing death camps during WWII in Nazi-occupied Poland.Because nothing proves you’re not a Nazi like being a free-speech Nazi.The bill is expected to be signed by the President of Poland who previously voiced support. The law would make it illegal to...Read More
Steel scrap prices in the major global markets weakened following the decrease in Turkish import prices during the working week from Monday January 29 to Friday February 2.Turkish steel mills have slowed down their deep-sea bookings over the past week to put downward pressure on prices, and booked only one deep-sea cargo before Thursday, when they booked three more cargoes at lower prices late in...Read More
Finnish metal processing technology provider Outotec forecasts growth in demand for many metals, with sentiment in both the mining and metals industries expected to improve in 2018."In 2018, our target is to grow our sales as well as improve profitability. Together with improved market sentiment, global [trends] - such as resource efficiency, sustainability and digitization - provide us with good...Read More
Comex copper prices softened to a one-week low amid a rising dollar, which was sparked by a strong US jobs report.Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 3.40 cents or 1.1% to $3.1640 per lb. "We continue to like copper as global concerted growth is likely to support the red metal enough to maintain its bullish uptrend," Metal Bulletin analys...Read More
CloseGain/LossOn WeekGold $1331.80-$18.20-1.32%Silver$16.60-$0.64-4.65%XAU83.88-4.25%-7.12%HUI188.03-4.41%-7.54%GDM642.62-2.88%-5.89%JSE Gold1228.89-15.95-6.41%USD89.16+0.57+0.07%Euro124.59-0.60+0.28%Yen90.85-0.59-1.22%Oil$65.45-$0.35-1.45%10-Year2.838%+0.059+6.73%Bond145.00-1.5625-2.58%Dow25520.96-2.54%-4.12%Nasdaq7240.95-1.96%-3.53%S&P2762.13-2.12%-3.85% The Metals: Gold fell $22.50 to a...Read More
By Frank HolmesIn its outlook for 2018, Thomson Reuters GFMS analysts see gold prices rising to $1,500 an ounce sometime this year on inflation fears. This would put gold at a level unseen since April 2013.According to Thomson Reuters, the price appreciation could be driven by "concerns that the United States may pull out of NAFTA," or the North American Free Trade Agreement. NAFTA, of course, i...Read More
Click Here to Listen to the Interview - *the interview begins at 05:25Greg Weldon of Weldon Financial talks about precious metals and other commodities. Greg has some interesting things to share about inflation taking hold in 2018, what kind of year he thinks it'll be for gold and silver. Plus, you'll find out which precious metal this veteran commodities trader is most excited about.Click Here t...Read More
Base metals prices on the London Metal Exchange are at first sight looking quite mixed this morning, Friday February 2, with copper and lead in positive territory, tin unchanged and aluminium, zinc and nickel in negative territory.But on closer inspection of the charts, all look well placed to push higher following average gains of 1.1% on Thursday. Indeed copper, that has been one of the laggards...Read More
By Ira EpsteinWage increases increased at the most rapid rate since 2009, causing interest rates to soar which sent gold prices down sharply today.https://www.iraepstein.com/ Read More
Something is going on in the global bond market and it doesn't look good for most of the other markets. In the US Treasury market, yields have broken above resistance levels not seen since 2014 respectively and we're seeing similar moves in the global sovereign bond markets.There are many reasons interest rates matter, today we're going to look at three of those reasons.First is the debt that was...Read More
Cranbrook, B.C., February 2nd, 2018: Eagle Plains Resources Ltd. (TSX-V: "EPL") has executed a formal arrangement agreement related to the proposed spin-out of Taiga Gold Corp. ("Taiga"). As announced September 26th, 2017, Eagle Plains plans to reorganize certain Saskatchewan mineral property assets under the name Taiga Gold Corp. ("Taiga") in an effort to maximize shareholder value.Under the te...Read More