viernes, 1 de junio de 2018

Nickel price is soaring

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Mining News Digest
Saturday 2 June 2018
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Up 75% in a year battery producers stock up on high grade exchange-held metal in anticipation of electric vehicle boom.

Top supplier of battery raw material ups output 34% year on year.

No longer under water.

Chilean lithium producer SQM shares punished after $1 billion of shares auctioned below ruling price.

The members of Federal Energy Regulatory Commission have already thwarted one effort to bail out uneconomic power plants.

The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors.

Teck displayed some of its high-tech approaches to mining at the recent B.C. Tech Summit.

Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms.

Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico.

The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation.

Aluminium in particular shows why tariffs are such a poor trade weapon.

Trump's tariffs on Washington's closest allies also drew condemnation at home from Republican lawmakers and the country's main business lobbying group.

The Anglo-Australian miner has until mid-June to respond to the union's demands.

China is Peru's top trade partner and imports most of the minerals the South American country produces.

The major silver miners' stocks remain deeply out of favor, languishing near multi-year lows.

RNC announced today that it has entered into a US$13 million bridge financing facility with Auramet.

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