Most global steel billet prices fell in the week ended Friday January 26, amid low trading and weak market sentiment.Chinese mills remained out of the export market, while demand for CIS-origin material was halted as buyers waited to see which direction the market would take.On the raw materials' side, ferrous scrap prices fell last week, due to declining demand for Turkish rebar and weak market e...Read More
Most global steel billet prices fell in the week ended Friday January 26, amid low trading and weak market sentiment.Chinese mills remained out of the export market, while demand for CIS-origin material was halted as buyers waited to see which direction the market would take.On the raw materials' side, ferrous scrap prices fell last week, due to declining demand for Turkish rebar and weak market e...Read More
Gold and gold stocks have enjoyed an excellent rebound since their December lows. Over the past six weeks Gold rebounded from a low of $1238 all the way to $1365 in recent days. The miners meanwhile rebounded nearly 18% (GDX) and 21% (GDXJ). However, these markets are approaching important resistance levels and at a time when sentiment is becoming stretched and the US Dollar has become very overso...Read More
Gold and gold stocks have enjoyed an excellent rebound since their December lows. Over the past six weeks Gold rebounded from a low of $1238 all the way to $1365 in recent days. The miners meanwhile rebounded nearly 18% (GDX) and 21% (GDXJ). However, these markets are approaching important resistance levels and at a time when sentiment is becoming stretched and the US Dollar has become very overso...Read More
The nuclear power industry presents "particular challenges" in the context of Brexit, the House of Lords EU Energy and Environment Sub-Committee says in a report published today.In gathering evidence for the report - Brexit: energy security, looking at implications for energy supply, consumer costs and decarbonisation - the committee heard that the UK's ability to build future nuclear generation s...Read More
Uranium production from the Inkai joint venture in Kazakhstan is forecast to increase by more than 25% this year, according to a new NI 43-101 technical report filed by 40%-owner Cameco. The operation is forecast to reach maximum production of 10.4 million pounds U3O8 per year in 2020.Inkai operations (Image: Cameco)According to the new report - filed on 25 January but with an effective date of 1...Read More
Zinc was the best performer on the London Metal Exchange at the close on Monday January 29, while the other metals diverged.Zinc's three-month price was up $72, or 2%, to $3,550 per tonne, mostly on the back of supply-side factors. Tighter stocks on the LME and adverse weather in zinc-producing provinces of Northwestern China, which makes it difficult to transport zinc out of the region, have...Read More
European alloy surcharges for January deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid higher nickel and molybdenum costs.The February assessment for molybdenum-containing 2 mm grade-316 CR sheet - compiled by Metal Bulletin based on data released by Outokumpu, Acerinox and Aperam - rose ?,?99-155 ($123.03-192.62) per tonne to ?,?1,923-1,963 per...Read More
Bob Moriarty ArchivesJan 29, 2018If you owned Gold Canyon shares at the time First Mining took them over, you were issued 3.33 warrants in Irving for every 100 Gold Canyon Warrants you held.The warrants expire on the 5th of February. There are only 376,958 outstanding. They are exercisable at $.30 and Irving is a lot higher today.It’s found money so if you see Irving warrants in your account...Read More
European alloy surcharges for January deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid higher nickel and molybdenum costs.The February assessment for molybdenum-containing 2 mm grade-316 CR sheet - compiled by Metal Bulletin based on data released by Outokumpu, Acerinox and Aperam - rose ?,?99-155 ($123.03-192.62) per tonne to ?,?1,923-1,963 per...Read More
K92 Mining (KNT.V) has been working towards securing larger bulk samples from the Kora North vein in the final quarter of last year, and using the data from a 200 meter long horizontal development push, the company designed two cut and fill stopes.Both stopes were approximately 100 meters long and are being mined in 2 meter intervals, for a total expected tonnage of 2,500 tonnes per stope. The mat...Read More
Zinc miners hope to halve the annual concentrate Treatment Charges (TCs) in initial offer prices to smelters this year, while the market prepares for what could be one of the most vibrantly contested negotiations for years.Miners have offered smelters outside of China a flat TC. This is a discount on the London Metal Exchange price for zinc paid to smelters for converting concentrate to metal. Thi...Read More
Cannabis Wheaton Income Corp. (TSXV:CBW) believes newest streaming partner can set new standards for yields per square foot and operating cash costs per gram for indoor cultivationSmallCapPower | January 29, 2018: Cannabis Wheaton Income Corp. (TSXV:CBW) announced Friday that it has entered into a strategic alliance with IDP Group Inc. and HMT Solutions Inc. (collectively IDP). As part of the bind...Read More
Chrome ore and alloy prices rose in China late last week after tight domestic supply in the East Asian country prompted leading stainless steel mills to give higher February bid prices. Chrome ore and ferro-chrome prices rise in China after mills raise tendersAlloy prices edge higher in South KoreaEuropean alloy prices edge lowerAlloy prices stable in the United States Chrome ore and ferro-chrome...Read More
Torex Gold's ELG Mine in southwest Mexico. Source: Torex Gold Resources Inc.Torex Gold Resources Inc. [TXG-TSX; TORXF-OTC] said Monday January 29 that an illegal blockade by an external union has been removed at its ELG Mine Complex in southwest Mexico. Hector Astudillo, the Governor of Guerrero State, acted decisively on January 26, 2018, to lift the illegal blockade by the Los Mineros Union and...Read More
A spodumene outcrop on the 92 Resources Corvette property in Quebec. Spodumene is the hard rock mineral of lithium. Source: 92 Resources Corp.92 Resources Corp. [NTY-TSXV, RGDCF-OTC] said Monday January 29 that it is gearing up to drill its Corvette lithium property in the James Bay Region of Quebec.Investors reacted positively to the news, sending 92 Resources shares up 13.5% or $0.015 to 12.5 ce...Read More
Tight supplies and trader buying continued to push spot cobalt prices higher in the week ended Friday January 26, but currency moves deterred large spot purchases of cobalt in the second half of last week.Metal Bulletin assessed low-grade cobalt prices at $36.95-38.25 per lb, in-warehouse, on Friday, up from $36.90-37.80 per lb at the midweek assessment, and $36.75-37.40 per lb on January 19....Read More
European antimony prices rose on a weekly comparison on Friday January 26 amid tightening supply while Chinese prices were unchanged. Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,200-8,500 per tonne on Friday, unchanged from the midweek assessment but higher week on week from $8,100-8,400 per tonne. Trioxide grade antimony prices in-warehous...Read More
Turkish steel producers extended their silence in the deep-sea scrap markets at the start of this week, but they still expected to book more cargoes for February, sources said on Monday January 29.Turkish mills were expected by several market sources to book five or six more cargoes for shipping in February, but they were postponing their scrap purchases due to low demand for...Read More
Perseus Mining Limited (ASX/TSX: PRU) is a strong, diversified West African-focused gold production, development and exploration company. With a solid project portfolio, Perseus is implementing a growth strategy designed to transform the company into a 500,000-ounce per year gold producer, with three operating mines in West Africa by 2020. We learned from Jeff Quartermaine, Managing Director and C...Read More