Base metal stocks on the Shanghai Futures Exchange were broadly lower week on week on Friday November 30, with zinc stocks hitting a fresh nine-year low. Deliverable zinc stocks at SHFE-approved warehouses dropped 8,673 tonnes or 24.5% from November 23 to 26,779 tonnes. This week, R&S Logistics in Shanghai saw the most stock leaving its sheds - 4,100 tonnes of the metal was delivered out of t...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday November 30*Copper -$183.58 (-1,277.60 yuan) Aluminium -$453.52 (-3,156.20 yuan) Zinc -$93.99 (-654.12 yuan) Nickel $475.89 (3,311.87 yuan) *Fastmarkets MB calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Key data from the Friday November 30 pricing session in London. Key drivers - The gallium price reached its lowest since January 2018, reflecting oversupply, with buyers remaining on the sidelines of the market amid bearish sentiment. The picture has changed after the price firmed in September - it was at $200-215...Read More
Fastmarkets MB will change the names of its benchmark in-warehouse Rotterdam price assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under the names 'low-grade' and 'high grade' will be Friday December 28. Prices will be published under thei...Read More
The following Fastmarkets minor metals prices changed on Friday November 30:Minor metals Antimony MB free market regulus, $/tonne: $7,900-8,100 per tonne from $8,000-8,200Chromium MB free market alumino-thermic, $/tonne: $10,450-10,700 per tonne from $10,700-11,100Cobalt MB free market high grade, $/lb: $31.80-32.60 per lb from $32.40-33.35Cobalt MB...Read More
The domestic markets for indium, bismuth and germanium in China have been staging a recovery this year, delegates to this week's 2018 Chinese Minor Metals Forum in Kunming were told.This recovery was supported by supply disruptions arising from environmental inspections of production units, producers' low profit margins and an uptick in demand, speakers said on Wednesday November 28.Indium support...Read More
Despite its best efforts, the "most likely scenario" is that in 2021, mining operations will cease in Flin Flon, Man., an internal memo to employees at Hudbay Minerals (TSX: HBM; NYSE: HBM) says.While the company has extended the life of its 777 mine from 2019 to 2021, the memo notes, its efforts to find new sources of ore from 777 "did not turn out as we hoped."That means that the Flin Flon mill...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday November 30:Aluminium scrapFloated Frag: ?,?1,050-1,100 per tonne from ?,?1,020-1,070Cast: ?,?950-1,000 per...Read More
Asian ferrous scrap prices are still falling in the face of weak demand and a bearish outlook in the region.Both Taiwan's containerized and Vietnam's bulk import prices were lower, with most buyers keeping away from purchasing in those markets due to their bearish outlook on the scrap and carbon steel markets.There was some purchasing from South Korea, which had booked Japanese, Russian and Americ...Read More
Topics Include:*Implications of the USMCA between the US, Canada, and Mexico*The importance of Robert Lighthizer's role in US trade negotiations*Update on tensions between Russia and Ukraine*Russia's "buffer states" of outlying countries*How Russia's gas pipelines running through Ukraine are critical infrastructure*Why Russia purchasing close to 30 tons of gold per month is a strategic move*How a...Read More
Max interviews Chris Martenson of PeakProsperity.com about the economic gap created by central bank money printing and where it all goes from here as political instability rises. Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffingto...Read More
A Harvard graduate student was told she should move out of her apartment after her roommates secretly searched her room and discovered her legally owned firearms Continue...Read More
Continue...Bill Fleckenstein is the President of Fleckenstein Capital and writes a popular column 'Contrarian Chronicles' for MSN Money as well as the daily Market Rap column for his website: Fleckenstein Capital. Bill has appeared at one time or another in virtually all financial media including Bloomberg, CNBC, The New York Times, MSN, Marketwatch, Barron's and more. Bill is a highly sought afte...Read More
"The FBI raided the Clinton Foundation whistleblower's home to recover the damning info on Mueller and the Clintons so that it wasn't out there in the public domain."Continue...Read More
Of course, Alexandria Ocasio-Cortez defends cab drivers rather than the riders. Uber is infinitely better than any cab in New York City not to mention cleaner. These people Continue...Read More
Recent geological data review and analyses suggest further exploration upside there. Avrupa Minerals Ltd. (AVU:TSX.V; 8AM:FWB; AVPMF:OTC) commenced follow-up drilling on areas of copper-zinc mineralization it previously discovered at Sesmarias on its Alvalade project in south Portugal, it announced in a news release. In the target area, the company will drill five to seven diamond drill holes ov...Read More
Significant exploration potential of one zone at this company's Red Lake, Ontario, asset remains wholly untapped. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) reported in a news release that all nine holes drilled in the Dixie Limb Zone (DLZ) at its Dixie project in Ontario to test the vertical continuity of gold mineralization to depth there intersected gold mineralization.The company noted...Read More
In reaching this permitting milestone, the company advances its Utah project. Liberty's Goldstrike ProjectLiberty Gold Corp. (LGD:TSX) announced in a news release that it received approval to amend its plan of operations for Goldstrike, which allows for expanded access to the Southwestern Utah deposit. "Receipt of this important upgrade to our Plan of Operations will help address our goal of incr...Read More
The company increased Measured & Indicated resources at both projects. Leagold Fazenda MineLeagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX) announced in a news release three sets of data regarding two of its Brazilian mines: updated mineral resource and reserve estimates for RDM and Fazenda and drill result highlights for Fazenda. As for RDM, when compared to the December 2017 estimates, the update...Read More
The junior gold miners’stocks have spent recent months mostly languishing near major multi-year lows. That spawned a sentiment wasteland riddled bybearishness and bereft of bids. But thesecompanies’ battered stock prices aren’t fundamentally righteous, as proven yetagain by their latest earnings season. Faringfar better in a challenging third quarter than stock...Read More