Every month consumer debt in aggregate hits a new record. Auto loans and student loans have been hitting monthly record highs for quite some time. In November credit card debt hit a record high in total and increased a record monthly amount for any one month. Mathematically this can't go on forever. In fact, there are signs - indicators not reported widely by the financial media and, predictably,...Read More
Spot prices for ammonium paratungstate (APT) climbed last week in Europe, buoyed by tightening availability of the material and strong downstream demand, as the market considered the effects of Xiamen Tungsten being temporarily denied its export license.Metal Bulletin assessed APT prices in a range of $310-318 per mtu, cif Rotterdam, on Friday January 12. This was up by 0.9% week-on-week from $307...Read More
The increases in demand for lithium battery compounds since the end of 2015 have caused a structural change in the global lithium market, making it necessary to have new reference prices with increased granularity. Industrial Minerals has therefore launched new spot price assessments for lithium carbonate and hydroxide monohydrate to keep track of the growing price volatility within the Chinese sp...Read More
Mirasol Resources (MRZ.V), a prospect generator focusing on South America, has announced it has entered into a joint venture agreement with Newcrest Mining (ASX:NCM) on the Altazor project in Northern Chile.As part of the deal, Newcrest will be able to earn up to a stake of 80% in the property depending on the completion of four different stages of project expenditures and cash payments, which see...Read More
Southern Silver Exploration (SSV.V) has now published its long-awaited resource update and as we expected, the Cerro Las Minitas project now contains in excess of 200 million ounces silver-equivalent with 116 million ounces in the indicated category and almost 93 million ounces in the inferred resource category.The average grade of the resource is pretty decent at 356 g/t silver-equivalent in the...Read More
The increases in demand for lithium battery compounds since the end of 2015 have caused a structural change in the global lithium market, making it necessary to have new reference prices with increased granularity. Industrial Minerals has therefore launched new spot price assessments for lithium carbonate and hydroxide monohydrate to keep track of the growing price volatility within the Chinese sp...Read More
Chrome ore and ferro-chrome prices in China strengthened over the past week as alloy production costs rose and smelters prepared for cutbacks. Ore and alloy prices propel each other in ChinaFurther price strength predicted amid production cuts, rising costsPrices edge higher in South KoreaAlloy prices stir in EuropeUS market steady with suppliers maintaining high offers Metal Bulletin's UG2 chrome...Read More
Diamond drilling at the Mirado Gold Project near Kirkland Lake, northeastern Ontario. Source: Orefinders Resources Inc.Orefinders Resources Inc. [ORX-TSXV, OTC-ORFD] on Monday released a positive preliminary economic assessment (PEA) for a proposed open pit operation at its Mirado Gold Mine near Kirkland Lake, Ontario.Orefinders shares rallied on the news, rising 15.4% or $0.02 to 15 cents in morn...Read More
Shares of LGC Capital Ltd. (TSXV:LG) have soared nearly fourfold following the Company's entry into the cannabis businessSmallCapPower | January 15, 2018: LGC Capital Ltd. (TSXV:LG) announced recently that it has formally launched a new joint venture company called CLV Frontier Brands Pty Ltd (CLV) to enter cannabis and hemp-derived beverages markets, pursuant to the November 2017 binding letter o...Read More
Spot cobalt prices continued to rise last week as demand strengthened following the Christmas and New Year break, overpowering the temptation for profit-taking after a rallying end to 2017. Low-grade cobalt prices posted the more significant increase over the course of week, buoyed by concerns that delays to a restart at the Ambatovy joint venture in Madagascar could further intensify tightness fo...Read More
The Chinese indium market jumped by 10.2% on Wednesday January 10, according to Metal Bulletin's weekly assessment, after exchanges prices soared. Chinese domestic indium prices were assessed at 1,650-1,800 yuan ($254-277) per kg on Wednesday, up from 1,550-1,580 yuan per kg previously. The price jump was attributed to increased purchases from investors on the Wuxi Stainless Steel Exchange fo...Read More
The Turkish deep-sea scrap market remained silent on Monday January 15 because of limited supplies and poor demand from the Turkish steel mills.The mills have booked a number of deep-sea cargoes for February, but were still expected to book more for the month.However, the supply of material, especially from the United...Read More
Turkish domestic scrap prices have continued to increase in line with rising imported scrap values, sources said on Monday January 15.A number of steel mills in the country have raised their buy prices for auto bundle scrap by TRY10-35 per tonne over the past week.Alloy long steel producer Asil ??elik raised its buy price for the...Read More
Strong demand, tight supply and higher London Metal Exchange aluminium prices have abruptly pushed European secondary aluminium alloy prices to a nine-month high, where they could stay for the coming weeks.Metal Bulletin assessed the price of DIN226-grade material, duty-paid, delivered in Europe, at ?,?1,800-1,850 ($2,158-2,218) per tonne on Friday January 12. This is up from ?,?1,770-1,820 per to...Read More
Base metals prices on the London Metal Exchange are stronger across the board this morning, Monday January 15, with the complex up by an average of 1.2%. Copper ($7,248 per tonne) and nickel ($12,905 per tonne) lead the advance with rises of 1.9%, while tin lags behind with a 0.1% gain to $20,300 per tonne. Volume has been high with 13,854 lots traded, with 6,586 lots of that being copper. The pre...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Braveheart Resources Inc. (TSXV: BHT) Announces Financing Toronto, Ontario - January 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") announces that further to the press release of...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop International Battery Metals Ltd. (CSE: IBAT) Provides Update on North American Lithium, Inc. Binding Letter of Intent Vancouver, British Columbia - January 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) International Battery Metals Inc. (CSE: IBAT)...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Cruz (TSXV: CUZ) Commences Operations on BC Cobalt Prospect Vancouver, British Columbia - January 15, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Cruz Cobalt Corp. (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) ("Cruz" or the "Company") has commenced op...Read More
The darkest time in American history.I saw someone refer to the Trump Presidency as “possibly the darkest time in American history.” I’ve heard some iteration of that many times from people still in a frenzy over the Trump Administration.I’m not a big Trump fan. I wasn’t a big Obama fan either. But their presence in office did not and does not hang over my life like a...Read More
Bob Moriarty ArchivesJan 15, 2018Columbus Gold has received the final approval for the spinout of Allegiant. Any Columbus Gold share holders as of an effective date of January 19th will get a bonus of 20% of the number of Columbus Gold shares they own as of that date.I wrote about the dealon December 6th but had been given an incorrect date. You want to own the shares as of the 19th.Allegiant is a...Read More