The benchmark Rotterdam duty-unpaid premium touched a fresh one-year high of $100-107 per tonne on Monday February 5, fuelled by a surging US Midwest premium. The aluminium P1020A in-warehouse Rotterdam, duty-unpaid premium touched highs of $105 per tonne in February 2017. Participants short of material and some who want to ship metal to the Midwest, where the premium is at a four-y...Read More
Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More
Yesterday was amusing. The meat with mouths on the so-called financial networks were crying, "how could this have happened." Funny thing, that. They don't raise the slightest doubt of conviction when the Dow soars 2,676 points in less than two months - 23,940 on November 29th to 26,616 on January 26th. But when the market takes back that move in 6 trading days it's a problem that Congr...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:stewart@gutrader.comFeb 6, 2018The appointment of Jerome Powell as new Fed chair is likely the catalyst that ushers in a multi-decade era of rising inflation and soaring gold stocks.I’ve announced a long term target for GDX of $15,000. That really isn’t very high... given the strong inflation num...Read More
The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More
We have seen the initial stage of a bull market in gold and other hard asset commodities which beginning in 2015 has already carried some small to mid cap gold stocks up 800% and more. But the majority of mining and exploration stocks have languished. Yet at the same time experienced shrewd investors have been accumulating the mining shares. The price weakness has offered patient value oriente...Read More
Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions. Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but dome...Read More
The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More
Chinese and European ferro-vanadium prices softened last week amid lackluster spot market demand, while the US market held firm under similar conditions. Chinese market slows as Chinese New Year holidays approachEuropean market slightly softer on sluggish spot demandUS market holds course despite thin trading activity Inquiries were thin for fob China vanadium products over the past week, but dome...Read More
The Avino Mine property in Durango, Mexico. Source: Avino Silver & Gold Mines Ltd.Avino Silver & Gold Mines Ltd. [ASM-TSX, NYSE AMERICAN] has released results from exploration drilling at its Avino Mine property in Durango, Mexico. The objective of the drill program is to explore three target areas - Chirumbo, Guadelupe, and San Juventino - which are located outside the mining areas, to as...Read More
Aurora Cannabis Inc. (TSX:ACB) Monday announced a strategic investment in Liquor Stores N.A. Ltd. (TSX:LIQ)SmallCapPower | February 6, 2018: Aurora Cannabis Inc. (TSX:ACB) announced on Monday that it is going to make a strategic investment in Liquor Stores N.A. Ltd. (TSX:LIQ) through a non-brokered private placement. The private placement will be conducted in two phases - initial investment of $10...Read More
Mining investors in the Democratic Republic of Congo (DRC) are united in their desire to fight the country's new mining code, and could take legal action if they fail to reach a mutually-agreeable solution, according to the chief executive officer of Randgold Resources.Speaking during an interview with Metal Bulletin on a panel at the Mining Indaba conference in Cape Town, Bristow said that it was...Read More
A Cruz Cobalt map depicting its Cobalt, Ontario-area claims before today's Lorraine prospect acquisition. Source: Cruz Cobalt Corp.Cruz Cobalt Corp. [CUZ-TSXV; BKTPF-OTC] on Tuesday February 6 said it has acquired more ground in the Cobalt District of northeast Ontario, a move that means the company now has five separate prospects in the region. The new Lorraine Cobalt Prospect consists of 8,935...Read More
Cobalt's boom days will continue for the next seven to 10 years amid strong demand from the electric vehicles sector as well as traditional cobalt consumers, according to Eurasian Resources Group (ERG) executive Tony Southgate. "Our view is that the cobalt boom is guaranteed for the next seven to 10 years," Southgate, head of strategic cobalt marketing at the Kazakh mining group, told Metal Bullet...Read More
The Turkish steel mills have returned to the deep-sea scrap markets for two US cargoes, after a short break for negotiations, sources said on Tuesday February 6.A steel mill in the Izmir region booked a US cargo on February 6, comprising 15,000 tonnes of HMS 1&2 (80:20) at $343 per tonne, 20,000 tonnes of shredded at $348 per tonne and 5,000...Read More
Turkish domestic auto bundle scrap prices have gone down slightly this week, while ship scrap prices have remained stable, sources told Metal Bulletin on Monday February 5.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,190-1,400 ($315-371) per tonne delivered on Monday, widening downward from last week's $1,210-1,400 per tonne.The slight change in the...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Target Prices Increased on Company Holding Large Inventory of Refined CobaltSource: Streetwise Reports February 6, 2018 (Investorideas.com Newswire) Experts discussed the reasons this company merits an increased target price: a rising cobalt price, the mark...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Northern Sphere Mining Corp. (CSE: NSM) (OTCQB: NSMCF) stakes additional ground next to copper-zinc-manganese anomalies as staking rush occurs along its Black Diamond Property, Arizona Toronto, Ontario - February 6, 2018 (Newsfile Corp.) (Investorideas.com...Read More
Comex copper prices were pulled lower on Tuesday February 6 by a combination of the recent equity sell-off and a dollar increase. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy sell-off in equity markets. "Judging by the limited pullback in the base...Read More