Base Metal Stocks Articles

Canada Zinc Metals Engages JDS for Preliminary Economic Assessment for Akie Project

Mar 15, 2018 / PEEYUSH VARSHNEY

Vancouver, British Columbia, Canada – Thursday, March 15, 2018 – Canada Zinc Metals Corp. (“Canada Zinc Metals” or “the Company”, TSX Venture Exchange: CZX) is pleased to announce that it has formally engaged JDS Energy & Mining Inc. ("JDS") of Vancouver, British Columbia, to conduct a Preliminary Economic Assessment ("PEA") of its 100% o...Read More

Traders Focus On Equities And Upcoming FOMC Meeting

Mar 14 2018 6:04PM / Kitco Commentary

Is this the quiet before the storm or the quiet before the quiet? Gold is trading in a narrow and defined trading range. Only eight dollars separates the intraday low and intraday high for today’s trading range. Currently gold futures, basis the most active April contract, is trading -$1.40 lower and fixed at $1,325.70.With next week’s FOMC meeting, traders across the board are looking...Read More

Fed Hikes To Even Out The Price Gap Between Gold And Bitcoin - Bloomberg Intelligence

Mar 14 2018 5:47PM / Kitco News

(Kitco News) - Just under a year ago an ounce of gold cost the same as one bitcoin, said Bloomberg Intelligence's Mike McGlone, adding that prices are about to converge once again as the Federal Reserve proceeds with its monetary policy tightening this year.Fed rate hikes played a big role in gold and bitcoin’s paths this past year, McGlone said in a note on Monday, specifying that December...Read More

Wall St. slides as trade war worries weigh

Mar 14 2018 4:10PM / Reuters

NEW YORK (Reuters) - U.S. stocks fell on Wednesday after President Donald Trump sought to impose fresh tariffs on China, intensifying fears of a trade war that could raise costs and hurt overseas sales for U.S. companies.The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, the White House said Wednesday.Trump is looking to levy tariffs on up t...Read More

Forget Bitcoin And Cryptos, Gold Is The Ultimate Global Currency - Glint Pay

Mar 14 2018 1:38PM / Kitco News

(Kitco News) - While companies are racing into the future to create the latest digital currency, one company has looked to the past for the ultimate global currency.U.K.-Based fintech start-up Glint Pay continues to grow in popularity throughout Britain and Europe as the company has breathed new life into the gold market, monetizing the precious metal for the 21 century.The company made internatio...Read More

Gold Slightly Down As Greenback Gains

Mar 14 2018 1:10PM / Kitco News

(Kitco News) - Gold prices were ending the U.S. day session modestly lower Wednesday, pressured slightly by a firmer U.S. dollar index. The yellow metal ignored a batch of U.S. economic data released earlier today, including a producer price index report that was a bit hotter on inflation than expected. April Comex gold futures were last down $2.70 an ounce at $1,324.40. May Comex silver was last...Read More

TD Securities: Gold Prices Range-Bound Amid Opposing Influences

Mar 14 2018 9:43AM / Kitco News

Range-bound gold may draw support from fears about a trade war but at the same time be held back by expectations for Federal Reserve interest-rate hikes, says TD Securities. “Rex Tillerson's departure from the White House [as secretary of state] provided a bid, but we expect that it will be short-lived as is typical of similar event-driven rallies,” TDS says. “Meanwhile, increasi...Read More

Bitcoin Daily Chart Alert - Bear Flag Suggests More Downside - Mar 14

Mar 14 2018 8:13AM / Kitco News

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

Brio Gold Reports Net Loss In Fourth Quarter

Mar 14 2018 8:10AM / Kitco News

Brio Gold Inc. (TSX: BRIO), which has agreed to be bought by Leagold Mining Corp., reports a net loss of $8.9 million in the fourth quarter that was narrower than a $22.1 million loss in the year-ago period. The adjusted loss was $4.6 million, compared to $28.9 million. Gold production in the October-December period was 40,350 ounces, down 20% year-on-year. For full-year 2017, the net loss wa...Read More

A Weak Rally For Gold

Mar 14 2018 8:07AM / Kitco Commentary

Yesterday we wrote that gold has had trouble holding a rally and Tuesday proved our point. Although gold rallied about $6, the rally was weak and not convincing. If gold was strong, the rally should have been stronger, but all it really did was hover around the bottom end of the range. With all of the turmoil and the equities experiencing a turnaround Tuesday, I would have expected a better rally...Read More

ASIAN MORNING BRIEF 14/03: Lead logs biggest rebound on LME; early start to labor talks at Chilean copper mines may help mitigate supply risks, Antofagasta CEO says; cobalt prices gain further ground

March 14, 2018 / Dalton Barker

The latest news and price moves to start the Asian day on Wednesday March 14.Lead was the strongest performer on the London Metal Exchange on Tuesday March 13, closing 2.2% higher at the 5pm close. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Early starts to the multitude of labor negotiations due at Chilean copper mines this year could mitigate the r...Read More

European Commission investigating whether UK taxes commodities trades adequately

March 14, 2018 / Andrea Hotter

The European Commission is investigating whether the United Kingdom imposes enough tax on commodity derivative trades, according to the UK Treasury. The Commission issued a "letter of formal notice" in the first stage of what is known as an infraction process, which allows it to sue European Union member states if they fail to adhere to EU law. The letter sets out the Commission's initial views on...Read More

ASIAN MORNING BRIEF 14/03: Lead logs biggest rebound on LME; early start to labor talks at Chilean copper mines may help mitigate supply risks, Antofagasta CEO says; cobalt prices gain further ground

March 14, 2018 / Dalton Barker

The latest news and price moves to start the Asian day on Wednesday March 14.Lead was the strongest performer on the London Metal Exchange on Tuesday March 13, closing 2.2% higher at the 5pm close. Read more in our live futures report.Here are how LME prices looked at Tuesday's close:Early starts to the multitude of labor negotiations due at Chilean copper mines this year could mitigate the r...Read More

Teck Resources slashes lead concentrate TCs in annual deals with smelters - sources

March 14, 2018 / Archie Hunter

Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More

Strike by workers at First Quantum's Cobre Panama copper mine 'could reduce planned output'

March 14, 2018 / Julian Luk

Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More

LIVE FUTURES REPORT 14/03: LME copper continues recovery; zinc closes 2% lower on NOLA stock increase

March 14, 2018 / Alice Mason

Base metals prices on the London Metal Exchange were on divergent paths at the close on Wednesday March 14, with copper leading the gains. The three-month zinc price was the worst affected today because prices were over 2% lower at the close - fresh deliveries into LME-listed warehouses in New Orleans put pressure on prices. "Zinc is down on account of another 10,000 tonne increase in LME stock ho...Read More

Teck Resources slashes lead concentrate TCs in annual deals with smelters - sources

March 14, 2018 / Archie Hunter

Teck Resources and Asian smelters have agreed to cut annual lead concentrate treatment charges (TCs) by 28% in 2018 supply contracts, sources with knowledge of the deals told Metal Bulletin.The deals bring lead concentrate TCs, fees paid to smelters for the costs of processing concentrates into metal, down to $99 per tonne from $138 per tonne last year. Market sources also noted a drop in containe...Read More

Strike by workers at First Quantum's Cobre Panama copper mine 'could reduce planned output'

March 14, 2018 / Julian Luk

Workers at Cobre Panama, the only major copper mine scheduled to come onstream in 2018, have gone on strike, operator First Quantum said on Wednesday March 14."A small number of personnel and their outside union leadership" downed tools on Friday last week, according to a company statement.Although the dominant union is not involved in the strike, development can only be carried out in two of the...Read More

DAILY SCRAP REPORT: Weak rebar demand keeps Turkish mills out of market

March 14, 2018 / Cem Turken

Weakening demand for rebar in the Turkish domestic and export markets has kept Turkish steel producers out of the deep-sea scrap markets, sources said on Wednesday March 14.Turkish steel producers paused their deep-sea scrap purchases after the Section 232 import tariffs were officially signed into effect in the United States, adding a 25% import duty on all steel product imports, exempting only C...Read More

US CFTC reassessing regulatory regime, says chairman Giancarlo

March 14, 2018 / Andrea Hotter

The US Commodity Futures Trading Commission (CFTC) is reassessing its approach to formulation, implementing and enforcing its regulations, the chairman of the regulatory body said. The regulator is committed to "right-sizing" the CFTC's regulatory footprint following years of expansive Dodd-Frank rule writing, J Christopher Giancarlo told delegates at the 43rd annual Futures Industry Association (...Read More

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