A group of Australian researchers is suggesting that the aspect and condition of tree leaves and soil, as well as the presence of termites, should be considered key indicators of the presence of gold deposits in a certain area.After analyzing hundreds of samples of sediments, soil and acacia leaves from a gold mine near Kalgoorlie, Western Australia, the team led by Ravi Anand, from the Australia...Read More
Investing.com - Gold prices ticked higher in the first trading session of 2017 on Tuesday, but gains were limited as the prospect of rising U.S. interest rates this year kept sentiment bearish.Gold for February delivery on the Comex division of the New York Mercantile Exchange tacked on $2.00, or around 0.2%, to $1,153.75 a troy ounce by 3:50AM ET (08:50GMT).The U.S. dollar rose on Tuesday, crawli...Read More
SHANGHAI, Jan 3 (SMM)? 1/4 ? Nonferrous metals mostly moved lower today although lead was up 1.6%.The ferrous complex saw mixed trading with coking coal leading the gain with 2% rise and coke edging up. Rebar, hot-rolled coil and iron ore all dropped close to 1%.Copper: LME Copper dropped today and is expected to test support at the 10-day moving average. The US ISM manufacturing index in December...Read More
SHANGHAI, Jan 3 (SMM)? 1/4 ?Copper: LME copper prices continued to see corrections as longs took profits. We expect LME copper to trade at $7,170-7,280/mt today and SHFE copper at 54,800-55,400 yuan/mt. Spot copper discounts are to narrow to 150-90 yuan/mt following lower futures prices.Aluminium: Weaker momentum is seen for LME aluminium to trade higher and it is expected to hover in the range of...Read More
North Korea’s Kim Jong Un says preparations for long-range missile at final stage ... A state-run Chinese newspaper accused Donald Trump of “pandering to ‘irresponsible’ attitudes” Tuesday after the president-elect alleged that Beijing had failed to rein in North Korea’s nuclear program. -NBCNTrump may be going at the issue of North Korea and nuclear weapons t...Read More
North Korea’s Kim Jong Un says preparations for long-range missile at final stage ... A state-run Chinese newspaper accused Donald Trump of “pandering to ‘irresponsible’ attitudes” Tuesday after the president-elect alleged that Beijing had failed to rein in North Korea’s nuclear program. -NBCNTrump may be going at the issue of North Korea and nuclear weapons t...Read More
Here is a simple and cheap way to build your own water leak detector for under $10.You just need a basic smoke detector and some wires.Monitor your washing machine, dishwasher, fridge, furnace, sump pump drain, bathroom, kitchen sink so if there was ever a water leak, broken water hose, leaking pipe, you are instantly alerted liek you would a fire alarm.Watch how easy it is to build it.Read More
Mark Wahlberg plays Dirk Diggler who is convinced by porn filmmaker Burt Reynolds that he is destined to become a porn star. Burt Reynolds and Julianne Moore received Supporting Actor & Actress Oscar nominations for their roles.Read More
China says won’t allow Hong Kong to be used as subversion base ... China will not allow anyone stability, Beijing’s top official in the territory told state television. (Reuters)China is increasingly concerned with Hong Kong rhetoric about freedom, and has warned leaders against protests. Hong Kong operates under the uneasy policy of "one country, two systems.In an interview, Zhang...Read More
China says won’t allow Hong Kong to be used as subversion base ... China will not allow anyone stability, Beijing’s top official in the territory told state television. (Reuters)China is increasingly concerned with Hong Kong rhetoric about freedom, and has warned leaders against protests. Hong Kong operates under the uneasy policy of "one country, two systems.In an interview, Zhang...Read More
SHANGHAI, Jan 2 (SMM)? 1/4 ? Nonferrous metals were mixed on the first trading day of 2018 with nickel outperforming others with a 2% rise. Zinc and tin rose around 1% while lead dropped 0.73% and copper dropped 0.63%.On the other hand, iron ore led the ferrous complex with a 2.6% gain. Rebar, coking coal and hot-rolled coil all rose some 2%, while coke was up over 1%.Copper: Copper saw the techni...Read More
Copper foil price is set to go up further as global deficit of the raw material for lithium-ion battery is estimated to increase to 10% in 2018, according to information provider cableabc.com.Global supply of copper foil for lithium-ion battery is forecast to be 146,000 mt but demand stands at 161,000 mt. The deficit has widened from 90,000 mt of supply and 91,000 mt of demand in 2015.Higher coppe...Read More
The Caixin manufacturing purchasing managers' index (PM) hit 51.5 points in December, setting a new high in four months and beating the expectation at 50.7 points. It was also higher than November’s 50.8 points.A reading above 50 indicates expansion, while a reading below that signals contraction. The article is edited by SMM and is provided for informa...Read More
SHANGHAI, Jan 2 (SMM)? 1/4 ?Copper: LME copper is set to see a correction following 15 consecutive days of increase and bulls taking profits. While it is expected to trade at $7,180-7,320/mt today, the SHFE 1803 copper is expected to trade at 55,200-56,000 yuan/mt. Trading liquidity in the spot market is set to recover and we see discounts at 220-150 yuan/mt today.Aluminium: LME aluminium set a ne...Read More
The EMR Capital private equity firm run by Owen Hegarty has agreed to buy the Golden Grove copper and zinc mine in Western Australia from MMG for $US210 million ($291m), giving Mr Hegarty control of the mine for a second time. Read moreRead More
Investing.com - Gold prices slid on Friday as investors took profits at the end of a year which saw bullion prices rise around 9%, snapping three years of declines.Gold for February delivery settled down 0.53% at $1,152.00 on the Comex division of the New York Mercantile Exchange. Prices were up around 9.8% for the year.Gold prices soared in the first half of 2016 as the Federal Reserve remained c...Read More
Costa Rica powered by renewable energy for over 250 days in 2016 ... Costa Rica completes 2016 without having to burn a single fossil fuel for more than 250 days. 98.2% of Costa Rica’s electricity came from renewable sources in 2016. The state-run Costa Rican Electricity Institute (ICE) reported that renewable energy sources accounted for 98.2 per cent of the country’s electricity and...Read More