Lithium fans, take note. The metal's crown as the leading raw material in batteries for electric vehicles (EVs) is facing increasing competition from other products such as cobalt and nickel. Lithium has hogged the top spot in EV batteries for some time, largely due to its early adoption in technology developed by Tesla. For more than a decade, the US-based company has been using lithium-ion batte...Read More
"Housing - people are insane if they think housing isn't going to get crushed with rising rates. As you outline often, it's already happening in ( NY, Den, etc. ) I live in LA and most of my friends/ coworkers are telling me how dumb I am to not jump in. I know to just stay quiet, but I think they are about to walk into a buzz saw (again)." - email from a subscriberThe National Association of Real...Read More
We had been waiting to see Comstock Metals' (CSL.V) metallurgical test results on the Preview SW Deposit in Saskatchewan, but the company has now finally released the results of a new study. The test work was focusing on confirming the results of the 2013 test work, as well as zooming in on the results of producing gravity and flotation concentrates.The new results are in line with the expectation...Read More
The construction of SSR Mining's project in Argentina, projected to produce more than 15,875 tonnes per year of lead metal, started this month with the first ore feed expected in the second half of 2018. This year's guidance for lead production is up to 12.5 million lb (5,670 tonnes), SSR spokeswoman Stacey Pavlova told Metal Bulletin. The first ores from the Chinchillas lead, silver and zinc proj...Read More
Lithium fans, take note. The metal's crown as the leading raw material in batteries for electric vehicles (EVs) is facing increasing competition from other products such as cobalt and nickel. Lithium has hogged the top spot in EV batteries for some time, largely due to its early adoption in technology developed by Tesla. For more than a decade, the US-based company has been using lithium-ion batte...Read More
Typical stacked gold-bearing quartz-carbonate veins at the Royal Road La Golondrina property in Narino Province, Colombia. Source: Royal Road Minerals Ltd.Barrick Gold Corp. [ABX-TSX, NYSE] has agreed to acquire a 12.5% stake in Royal Road Minerals Ltd. [RYR-TSXV] in a share exchange deal worth about $1.6 million. Under the agreement, Toronto-based Barrick will acquire 9.8 million Royal Road share...Read More
Bombardier Inc.'s (TSX:BBD.B) train business Chief expects the rail growth will help boost Bombardier's total sales to $20 billion by 2020SmallCapPower | January 24, 2018: Bombardier Inc. (TSX:BBD.B), one of the world's leading manufacturers of both planes and trains, expects to see another year of 10% sales growth from its train segment, which will help boost its total sales to $20 billion by 202...Read More
Silicon metal prices in the United States will find limited support from US President Donald Trump's decision to impose hefty duties on imported solar panels, industry sources said. While the measure could encourage local production and consequently have an impact on the demand for silicon, the key driver for the metal's price will be the final determinations on the trade investigations of US sili...Read More
Drilling the Taylor deposit at Arizona Mining's Hermosa Project in Santa Cruz County, Arizona. Source: Arizona Mining Inc.Arizona Mining Inc. [AZ-TSX; WLDVF-OTC] on Wednesday January 24 reported high-grade zinc-lead and silver values in drill holes results from its 100%-owned Hermosa Project in Santa Cruz County, Arizona.These results are part of a 55,000-metre infill and step-out drilling that wi...Read More
Turkish steel mills returned to the deep-sea scrap markets for material at lower prices on Wednesday January 24, after a short break for price negotiations.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $346.50 per tonne cfr, down by $7.44 per tonne day-on-day.The daily index...Read More
The construction of SSR Mining's project in Argentina, projected to produce more than 15,875 tonnes per year of lead metal, started this month with the first ore feed expected in the second half of 2018. This year's guidance for lead production is up to 12.5 million lb (5,670 tonnes), SSR spokeswoman Stacey Pavlova told Metal Bulletin. The first ores from the Chinchillas lead, silver and zinc proj...Read More
Domestic prices for hot-rolled coil (HRC) have risen in Southern Europe due to lower availability of the material from the region's mills and a lack of competitive import offers, sources told Metal Bulletin this week.Metal Bulletin's weekly price assessment for domestic HRC in Southern Europe went up to ?,?530-545 ($650-669) per tonne ex-works this week, compared with ?,?520-540 per tonne ex-works...Read More
The FBI Trump investigation is perfect fodder for the mainstream media. It fits the right versus left paradigm like a glove.It gives each side everything they desire. An enemy to hate. Someone to blame. And a good show.For the right, the text messages between agents on the investigation team prove that there was an anti-Trump bias. They feel vindicated in their choice of Trump. If he wasn’t...Read More
Domestic prices for heavy steel plate in Southern Europe are expected to rise following an increase in slab prices, sources told Metal Bulletin on Wednesday January 24.A rise in slab prices has had a notable effect on Southern European prices because the majority of plate in the region is produced by re-rollers in Italy.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel...Read More
China's domestic prices for hot-rolled coil recovered some losses on Wednesday January 24 with the paper market continuing to trend upward throughout the day.DomesticEastern China (Shanghai): 4,080-4,100 yuan ($637-640) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,940-3,960 yuan per tonne, up 10 yuan per tonneSpot prices edged up during the day due to a strengthening paper market. T...Read More
Domestic prices for hollow steel sections in Southern Europe are likely to rise over the next month, with producers facing a shortage of hot-rolled coil (HRC) in the region, sources have told Metal Bulletin.HRC prices have enjoyed a strong start to 2018 in Southern Europe thanks to a lack of available imported material at workable prices and problems with output at Italian steelmaker Ilva."[Steelm...Read More
CloseGain/LossGold $1357.70+$16.70Silver$17.56+$0.51XAU92.08+2.42%HUI207.17+2.19%GDM688.77+2.23%JSE Gold1313.95+48.88USD89.25-0.87Euro124.02+1.04Yen91.76+0.97Oil$65.61$1.1410-Year2.652%+0.006T-Bond148.65625-0.5625Dow26252.12+0.16%Nasdaq7415.06-0.61%S&P2837.54-0.06% The Metals: Gold climbed up to $1355.40 in midmorning New York trade before it pared back a bit into midday, but it then jumpe...Read More
For the past few years the "strong dollar" has been so central to the global financial story - enabling ever-lower interest rates and ever-higher financial asset prices pretty much everywhere - that it's easy to forget how illusory "strength" is for fiat currencies. Since mid-2017 that illusion has been evaporating, as the dollar falls (both against other fiat currencies and assets like oil, bit...Read More
Colorado Springs, CO., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for January 2018 payable on February 23, 2018 to shareholders of record as of February 12, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxa...Read More
European domestic prices for steel beams have remained unchanged this week, with solid demand and well-booked mill rolling schedules supporting the market, sources told Metal Bulletin on Wednesday January 24."There is no problem at all in the beam market. Demand is good," one stockholder said."As far as we are seeing, there is no weakening in prices," one producer source told Metal Bulletin."Mill...Read More