Dominion Energy and Scana Corporation have today announced an agreement for them to combine in a stock-for-stock merger. They said the agreement calls for "significant benefits" to Scana's South Carolina Electric & Gas Company subsidiary (SCE&G) electricity customers to offset previous and future costs related to the withdrawn VC Summer units 2 and 3 nuclear power plant project.After the c...Read More
The Ontario Energy Board (OEB) has published its decision on Ontario Power Generation's (OPG's) application regarding payments for regulated nuclear and hydropower output in 2017-2021. While approving budgets for the refurbishment and extended operation of reactors, the regulator called for OPG to cut costs. Six of government-owned OPG's hydropower plants and three nuclear power plants - Pickerin...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close on Wednesday January 3, with lead the only metal to finish the day in positive territory. "Lead put in a steady performance while the rest of the metals faltered, underpinned by a positive fundamental picture and tighter LME conditions," Sucden Financial said. "With FOMC minutes from the December meeting due for release...Read More
In a holiday-dominated period, global copper premiums were unchanged in the three major regions over the past week. US premiums were flat once again with the end of mating season and holiday season squashing interest. Outside of Italian premiums, European spot markets were similar to that in the United States. Shanghai premiums were unchanged with Chinese investors on an extended holi...Read More
No society that depends on money can work for long if nobody knows the true value of things, including the value of money itself. The price of attempting to live in a culture of pervasive dishonesty is that a re-set is inevitable. When it happens, it will be hugely destabilizing. - James KunstlerPhillips Curve R.I.P. - Paul Craig RobertsFor a decade central banks have printed enormous quantitie...Read More
Zinc and lead concentrate treatment charges (TCs) were little changed throughout December despite Glencore's decision to restart production at its Lady Loretta mine in Australia in 2018.Glencore will add 100,000 tonnes of zinc - or roughly 200,000-220,000 tonnes of zinc concentrates - to the market in 2018 via the restart at Lady Loretta and will subsequently ramp up another 60,000 tonnes per year...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals are taken into consideration.The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungst...Read More
Fireweed Zinc (FWZ.V) has now released all drill results of its 2017 drill campaign (with some stellar intervals reported in a December update with for instance 38 meters (true width!) containing almost 16.5% zinc-lead, including 25 meters of 21% Zinc-Lead, which are amazing results).The 2017 drill program was extremely successful as not only did it confirm the historical drill results, it also in...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78%...Read More
Jericho Oil (JCO.V) is perhaps one of the best-backed oil companies on the TSX Venture Exchange as not only was it able to count on the Breen family to 'get started' a few years ago, the core shareholders continue to support the company. A total of 7.9 million warrants with a strike price of C$0.60 have now been exercised for total proceeds of C$4.75M (of which 'insiders' contributed approximately...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals are taken into consideration.The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungst...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78%...Read More
Zinc and lead concentrate treatment charges (TCs) were little changed throughout December despite Glencore's decision to restart production at its Lady Loretta mine in Australia in 2018.Glencore will add 100,000 tonnes of zinc - or roughly 200,000-220,000 tonnes of zinc concentrates - to the market in 2018 via the restart at Lady Loretta and will subsequently ramp up another 60,000 tonnes per year...Read More
Roxgold's high-grade Yaramoko Gold Mine in southwestern Burkina Faso, West Africa. Source: Roxgold Inc.Roxgold Inc. [ROXG-TSX; ROGFF-OTC] said it has received permitting approval to develop the Bagassi South gold project in Burkina Faso, West Africa. The approval from the Burkina Faso Ministry of Environment and Sustainable Development marks a significant milestone in the permitting process and so...Read More
This is a reminder that Metal Bulletin Group's cobalt specification review remains open until later this month and that feedback is still being sought. In November 2017, Metal Bulletin proposed to amend its international cobalt price specifications to reflect changes in the market and invited feedback on the following consultation.There are two stages to the consultation period.The first stage is...Read More
The rampant bullishness of 2017 toward metals involved in the electric vehicle (EV) industry will make way for cautious optimism, with copper likely to benefit the most due to its role in the electric charging network, Lord Copper predicts. I've just looked back at my article written this time last year with my ideas as to what the coming 12 months may have had to bring. Reluctant as I am to indul...Read More
The Teledyne Mine portal near the historic Cobalt Mining Camp in northeast Ontario. Source: LiCo Energy Metals Inc.LiCo Energy Metals Inc. [LIC-TSXV; WCTXF-OTCQB] on Wednesday January 3 released assay results from drilling at its Teledyne property northeast of Cobalt, northeast Ontario. Investors reacted by sending the share price up 25% or $0.03 to $0.15 in morning trading. Volume was active, wit...Read More
The Turkish deep-sea scrap market remained quiet on Wednesday January 3, with supply still tight, according to market sources.Turkish mills were expected to book more cargoes for February but the suppliers were largely out of the market."Scrap collection is slow due to heavy winter conditions and holiday...Read More
The Comex copper price fell for a third successive day on Wednesday January 2, pressured lower by technical selling and a stronger dollar.Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 2.2 cents or 0.7% to $3.2560 per lb. The contract had rallied throughout most of December, peaking at around a four-year high."Downside risks are likely to be...Read More
Base metals traded on the London Metal Exchange are for the most part weaker on Wednesday January 3, led by a 1% fall in nickel prices to $12,530 per tonne. The rest are off between 0.4% for copperand 0.8% for aluminium, while tin is bucking the trend with a 0.5% rise. Volume has been light, with 5,367 lots traded as of 06:35 am London time. This comes after a mixed performance on Tuesday that saw...Read More