Kore is raising the cash for its Sintoukola potash project in Republic of Congo, with pricing of the new shares to be determined by an accelerated bookbuild undertaken today.Kore's CEO Brad Sampson and chairman David Hathorn have indicated they will participate in the fund raising for Sintoukola, as have major shareholders.Kore has completed definitive feasibility work on its Sintoukola's flagship...Read More
Fastmarkets' alumina index fob Australia fell below $340 per tonne on Friday June 14 due to pressure from high availability of unplaced cargoes and low aluminium prices. The daily fob Australia alumina index declined to $339.65 per tonne - its lowest since August 24, 2017 on Friday June 14, down from $341.52 per tonne day on day and down from $349.39 per tonne week on week.Key drivers:The most rec...Read More
For several years we have said on both the Montrealanalyst.com and Canadianmineanalysis.com sites that there had been a meeting of major bankers (banksters) about five years ago in a major U.S east coast city. At that meeting they decided that it was necessary (vital) to keep the price of the gold bullion under the $1300 or so per ounce range. Manipulation was put into the "plan" and they are mast...Read More
Adam HamiltonArchivesJun 14, 2019 The gold miners' stocks have surged powerfully over the past few weeks, challenging upleg highs. Traders started returning to this small contrarian sector as gold blasted back above the psychologically-crucial $1300 line. While such early-summer strength is atypical, gold miners' technicals, sentiment, and fundamentals all support more gains to come. Gold stocks n...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended lower Friday but investors largely ignored tensions in the Middle East, weak data from China, and disappointing revenue and demand outlooks from Broadcom (AVGO - Get Report) . Chipmaker Broadcom tumbled after beating quarterly earnings expectations but missing revenue estimates...Read More
Fastmarkets has amended its weekly publication day of five price assessments, including two nickel pig iron (NPI) price assessment, two laterite nickel ore price assessment and one nickel sulfate price assessment effective from today on June 14. Fastmarkets has amended the publication day for the following price assessments after an initial one-month consultation period that concluded it was best...Read More
The European charge and high-carbon ferro-chrome benchmark settlement for the third quarter of 2019 has dropped 16 cents to a three-year low of $1.04 per lb. The price is announced every quarter by Merafe Resources, which operates a chrome joint venture with trader-miner Glencore in South Africa.The benchmark is a forward-looking price for the coming quarter and the latest settlement reflects incr...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 250,11465,87659,835137,719339,746447,668465,457 Change from Prior Reporting Period 9,637-18,4862,9375,20234,65317,77619,104 Traders 19272665756280167 Small Speculators LongShortOpen Interest 48,99531,206496,663 -2,608-3,93615,168 non reportable positionsC...Read More
By: Ira EpsteinGold $1,360's zone resistance - but geo-politically, triggers exist:Read More
Primary aluminium foundry alloy premiums in Europe were steady on Friday June 14 in an illiquid market.Fastmarkets assessed the premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms at $340-360 per tonne on Friday. It has been at that level since April.Bearish sentiment stemming from the European automotive sector...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Primary aluminium foundry alloy premiums in Europe were steady on Friday June 14 in an illiquid market.Fastmarkets assessed the premium for silicon 7 aluminium wheel alloys over London Metal Exchange cash prices delivered to the Ruhr region with 30-day payment terms at $340-360 per tonne on Friday. It has been at that level since April.Bearish sentiment stemming from the European automotive sector...Read More
Global ferrous scrap prices were mostly on a downward trend in the week ended Friday June 14 due to ample supply from key exporters and limited demand from buyers.While there were numerous bookings into the key Turkish market, the transactions were made at falling prices. This led to buyers in Asia shying away from purchasing cargoes because they expected the price downtrend to continue. Turkey bu...Read More
The Friday Market Minute Global stocks retreat, bonds rally, as weak China data has investors fleeing to safe-haven assets.China' industrial output slumps to a seventeen year low, triggering fresh concern for the impact of its trade dispute with the United States.Broadcom offers grim assessment for the chip sector after mixed quarterly earnings, putting tech under pressure heading into opening b...Read More
German steelmakers have settled their monthly scrap contracts for June at prices that are either unchanged or with a decrease of ?,?5 ($6) per tonne month-on-month, sources told Fastmarkets.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?260-270 ($293-305) per tonne delivered on Friday June 14, compared with ?,?260-275 per tonne delivered in mid-May.Mills in the...Read More
Ontario's government is working for the people by supporting small businesses in Garden River First Nation, creating 10 full-time jobs. Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced Garden River Truss, a roof and floor truss manufacturer, is receiving $315,300 to purchase new equipment to increase production capacity. "Our governm...Read More
Three-month base metals prices on the London Metal Exchange were mixed so far on Friday June 14, reflecting deteriorating sentiment in broader risk markets amid the recent uptick in tensions in the Middle East and while global trade tensions overhang.Military officials from the United States have released a video of what they say shows Iran's Revolutionary Guard removing an unexploded limpet mine...Read More
* Gold up 0.8% so far this week, set for 4th weekly gain * Palladium set for biggest weekly gain since September 2018 * GRAPHIC-2019 asset returns: (Adds comment, updates prices)By Eileen SorengJune 14 (Reuters) - Gold hit its highest since April lastyear on Friday as political tensions in the Middle East and weakeconomic data from China and the United States pushed it above$1,350.Spot gold was up...Read More
Key data from the June 14 pricing session in London Key drivers- Cobalt prices continue to drift lower, with sellers open to cheaper bids to achieve sales early in what is expected to be a quiet few months for buying. Demand is slow and potential buyers are happy to hold out for expected lower prices in the coming weeks. Some sources have reported receiving minimum call-offs...Read More
Liquefied natural gas (LNG) has become one of the most important and profitable American exports for both investors and corporations alike.LNG is already making billionaires richer: American hedge fund manager Carl Icahn has watched the value of his holdings in Cheniere Energy (NYSE: LNG) nearly double since becoming the majority shareholder in late 2015.Icahn's stake in LNG is worth over $1.5 bil...Read More