Non-executive director Stephen Hunt and non-exec chairman Asimwe Kabunga have both put in A$50,000 on an unsecured basis, with the funding repayable by mid-July.Volt needs US$40 million to develop the first stage of Bunyu, and the ASX-listed company has been trying to secure the funding for much of the past 12 months since completing feasibility work in July last year.Listings on stock exchanges i...Read More

Copper concentrate treatment and refining charges (TC/RCs) went up marginally in late May from record low levels on May 24, while traders continued to take spot tonnages at similar terms and smelters became more active.Fastmarkets' Asia-Pacific TC/RC index rose to $58.90 per tonne/5.89 cents per lb on Friday May 31, compared with $58.30 per tonne/5.83 cents per lb a week ago when it was at the low...Read More

Adam HamiltonArchivesMay 31, 2019 The silver miners' stocks have been pummeled in recent months, plunging near major secular lows in late May. Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold. This has forced traditional silver miners to increasingly diversify into gold, which has far-superior economics. The major silver miners' ongoing s...Read More

Customers of Konkola Copper Mines (KCM) told Fastmarkets that copper deliveries for May have arrived on time and June deliveries are not expected to be affected by the Zambian government's recent liquidation order of the 310,000 tonne per year facility. The Zambian government filed an official document to the High Court to liquidate the assets of KCM, which is majority-owned by Vedanta Resources,...Read More

VANCOUVER, CANADA, Voleo Trading Systems Inc. (TSX-V: TRAD) ("Voleo", the "Company"), is pleased to announce that its common shares will begin trading on the TSX Venture Exchange (the "Exchange") under the symbol "TRAD" at market open, today, May 31, 2019.Voleo is a mobile fintech company focused on transforming the retail investing space through its powerful, collaborative investing platform. Vol...Read More

Hebei Steel, China's largest steel mill, has kept its purchase price for silico-manganese unchanged at 7,600 yuan ($1,099) per tonne for June delivery, with suppliers trying to maintain higher offers amid rebounding prices in both the spot and futures markets, market sources told Fastmarkets MB.Hebei Steel, as the majority of market participants had expected, initially bid at 7,500 yuan per tonne...Read More

Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold's low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it.The comments in an interview are the first public response from one of Acacia's top shareholders since Barrick's offer earlier this month to buy them out for $787 million.Bar...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 194,463107,77562,206191,290301,244447,959471,225 Change from Prior Reporting Period -9,165-7,048-21,32723,46325,479-7,029-2,896 Traders 17874875253270179 Small Speculators LongShortOpen Interest 57,16733,901505,126 3,512-621-3,517 non reportable positions...Read More

By: Ira EpsteinThe US Dollar very strong near two-year highs. Metals went into a state of collapse. Precious metals higher - fear will be needed to move the price higher..Read More

Here we go again. The Fed evidently has begun "conditioning" our "expectations" for a new season of quantitative easing. Fed Would Consider Interest-Rate Cuts if Growth Outlook Darkens is the headline atop a news story concerning a NYC panel discussion moderated by the central bank's vice-chairman. This is just what Wall Street and other promiscuous abusers of credit have been praying for l...Read More

If gold has not risen to $1350 in the next two weeks, then when will it rise? Apart from a strong US everything is bullish. (a) Trade war is between USA-China, USA-Eurozone. (b) Friendly Mexico will be imposed twenty five percent tariff until it stops illegal migrants from entering USA. (c) Every corporate is now cautious dealing with American companies and has starting taking measures to redu...Read More

An overview of the battery raw materials markets and their latest price moves.Read More

(Updates with closing prices)By Peter HobsonLONDON, May 31 (Reuters) - Copper was set for its biggestmonthly fall since November 2015 as weak Chinese factory dataand a U.S. threat to impose tariffs on Mexican goods fannedfears that trade disputes will damage the global economy anddemand for metals.Benchmark copper on the London Metal Exchange(LME)ended down 0.4% at $5,830 a tonne.The metal used in...Read More

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

Global ferrous scrap prices showed different dynamics during the working week ended Friday May 31, with Turkish import prices declining on limited buying activity and Asian import prices rising or holding their ground on steady demand. Turkish import prices down on lackluster rebar sales US export prices up on weekly basis, but latest sale closed lower Vietnam prices flat, Taiwan prices rise on st...Read More

Alloy steel scrap prices in the UK and Europe were stable this week but decreases were expected next month because of diminishing demand, sources told Fastmarkets on Friday May 31.The market this week was described as stable and uneventful, as regards prices. But the lack of a price reaction to the lower demand was due, at least in part, to the fact that prices had recently fallen by a significant...Read More

The price of shredded ferrous scrap imported into India was almost unchanged week on week due to market uncertainty and poor demand, sources told Fastmarkets on Friday May 31.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $330.40 per tonne cfr Nhava Sheva on Friday, little changed from $330.25 per tonne cfr one week earlier.Last week, prices went up by $10 per...Read More

CHATHAM - Ontario's government is working for the people by holding consultations to hear from businesses firsthand on industrial electricity pricing and programs.Greg Rickford, Minister of Energy, Northern Development and Mines met with agriculture and chemicals sector stakeholders in Chatham today. This session is one of several in-person consultations to be held with key industry stakeholders...Read More

When it comes to recognition as "money" and a "store of value," bitcoin outcompetes gold on its practicality and versatility, said Clem Chambers, CEO of ADVFN and author of the bestseller "101 Ways to Pick Stock Market Winners." "I could not take enough gold out of the country for it to be useful to me if I had to leave the country; if I was a South Korean and I thought the North was going to dr...Read More

The Friday Market Minute Global stocks slide, bond yields surge as President Trump made a surprise move to apply tariffs on U.S. imports from Mexico.Asia stocks manage small month-end gains, but the Nikkei 225 falls 1.6% as carmakers with Mexican facilities slump and the yen surges in safe-haven trading.European stocks nurse heavy opening bell losses as trade concerns are added to the region's p...Read More