At 5:15 p.m. on February 19th, Elon Musk tweeted that Tesla would produce 500,000 cars on 2019. The headline hit news terminals globally. The stock jumped over $1 in after hours trading. Four hours later Musk tweeted that he meant Tesla would be producing cars at an annualized rate of 500,000 by the end of 2019. After-hours trading was closed when that "correction" hit Twitter.The next morni...Read More

Bob Moriarty ArchivesFeb 20, 2019Several of my so-called friends have been nagging me for years to write something about the basics of investing in resource stocks. I was quite comfortable with whining about how it was a work in progress and I was thinking about it and someday I intended to actually put pen to paper but they wouldn’t let up. So in the end, I caved and submitted to their brow...Read More

Glencore will cut copper production at its Mutanda mine in the Democratic Republic of Congo by 100,000 tonnes, the company said on Wednesday February 20. Cobalt hydroxide production at the mine, which totaled 27,300 tonnes last year, will not be affected. "In [the fourth quarter] 2018, a significant downward revision in the amount and timing of copper oxide reserves at our Mutanda copper operation...Read More

Gold futures rallied by nearly 2% on Tuesday to log their highest finish since April, as the stock market assumed a defensive stance on the back of the latest round of talks in the U.S.-China trade spat. Financial markets await the latest trade developments, as discussions resumed Tuesday in Washington. A 90-day tariff truce between the parties is set to end at the start of March. President Trump...Read More

By: RambusBelow is the combo chart which has the HUI on top, the UUP in the middle and GLD on the bottom. Everything looks fine.The GDX daily chart shows a nice breakout and backtest to the top rail of the bullish rising wedge and now the door is open for a move higher.Below is the weekly chart for the GDX which shows the breakout starting to gaining some momentum.Below is the weekly chart for...Read More

By: Ira EpsteinMetals roar to the upside - Palladium explodes to the upside. The world wants to inflate:Read More

ASIAN METALS MARKET UPDATEI am not concerned over the rise in gold prices. I was bullish on gold, I am bullish on gold and I will remain bullish on gold. There will be corrections in gold prices. It will not be a one way traffic. What will be the floor price/bottom price if gold prices fall? To me a correction of $100-$125 are a part and parcel of the bull rally in gold. Right now gold should no...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

Key data from the Wednesday February 20 pricing session in Europe. Key drivers  The European ferro-titanium spot price increased, with prices moving up on the low end of the range, after supply worries involving a major supplier prompted short-covering. Ferro-titanium producers and traders say they have been getting more buying interest from Europe and the United States. The producer typicall...Read More

Drill core from Black Iron's Shymanivske Iron Ore Project in Ukraine. Source: Black Iron Inc.Black Iron Inc. [BKI-TSX; BKIRF-OTC; BIN-FSE] said Wednesday February 20 that it has signed a non-binding memorandum of understanding with a subsidiary of Glencore Plc [GLEN-LSE; GLCY-OTC] that could result in financing for the construction of the Shymanivske Iron Ore project in Ukraine.The MOU envisages G...Read More

Turkish scrap import prices went down as expected on Wednesday February 20, following news of a fresh deal for a deep-sea cargo.A steel mill in the Marmara region booked a UK cargo of 10,000 tonnes of HMS 1&2 (80:20) at $316 per tonne cfr.The news of this cargo sent the daily scrap indices down sharply on Wednesday.The daily index for Northern Europe-origin HMS 1&2 (80:20) was...Read More

Diamond drilling on Cow Mountain at the Barkerville Gold Mines Cariboo Gold Project in east-central British Columbia. Photo courtesy Barkerville Gold Mines Ltd.Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] on Wednesday February 20 reported final 2018 drilling results from the Island Mountain exploration and category conversion program at the company's Cariboo Gold Project in central...Read More

A miner operates his scoop tram at the Barrick Gold/Acacia Mining Bulyanhulu gold mine in Tanzania. Source: Acacia Mining plc.Barrick Gold Corp. [ABX-TSX, GOLD-NYSE] said Wednesday February 20 that it has arrived at a proposal to resolve majority-owned Acacia Mining PLC's [ACA-LSE] prolonged royalty and tax disputes with the government of Tanzania.It will involve a US$300 million payment to Tanzan...Read More

* Copper stocks near 10-year lows * Demand in China tends to pick up in second quarter * GRAPHIC-2019 asset returns: (Updates with closing prices, Chalco)By Pratima DesaiLONDON, Feb 20 (Reuters) - Copper prices hit a seven monthpeak on Wednesday as the market worried about low stocks aheadof seasonally strong demand in top consumer China, while risinghopes of an end to the U.S.-China trade dispute...Read More

*See press release dated November 13 2018 and see note 16 for ZnEq calculationNotes Regarding Mineral Resource Estimate:Mineral resources are estimated in conformance with the CIM Mineral Resource definitions referred to in NI 43-101 Standards of Disclosure for Mineral Projects. This mineral resource estimate covers the Gilmour South Deposit, and the Key Anacon deposit's Main Zone and Titan Zone....Read More

Keynote Speaker Marie InksterWomen in Mining Canada (WIMC) is both honoured and delighted to announce Marie Inkster, President, CEO & Director of Lundin Mining as the keynote speaker for The Mining for Diversity Reception on Tuesday March 5, 2019 from 4pm to 6pm, as part of this year's PDAC Convention.The event, part networking-cocktail and part award ceremony, has grown to be a major event...Read More

A blockchain pilot project designed to demonstrate the presence of artisanal and small-scale mining (ASM) sites in the tungsten supply chain is scheduled to be completed in May 2019.The SustainBlock trial started in May 2018 and is focused on a tungsten supply chain originating from Rwanda.Funded by the European Partnership for Responsible Minerals (EPRM), a multi-stakeholder grouping set up to cr...Read More

The Comex copper market continued to move in a positive direction on Wednesday February 20, with global trade talks between the United States and China showing progress.The copper price for March settlement on the Comex division of the New York Mercantile Exchange increased 2.25 cents to $2.8970 per lb. Additionally, the red metal's price remains elevated against a backdrop of falling London....Read More

The three-month base metals prices traded on the London Metal Exchange were stronger across the board with gains averaging 0.3% on the morning of Wednesday February 20, compared with Tuesday's closing levels.Copper has generally led the move higher in recent days with prices reaching a high of $6,350.50 per tonne this morning, which has taken it well into the resistance area on the chart that lies...Read More

Sometimes things just fall into place.Many of my veteran readers can remember the 1973 oil crisis.I'll bet a few of you even remember the odd-even rationing strategy that the government employed to combat the gasoline shortages that resulted from the oil embargo placed on us by OPEC.The idea was simple.Depending on whether the last digit on your license plate was an odd or even number, you were al...Read More