sábado, 25 de agosto de 2018

SQM sees lithium prices falling further this year

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Mining News Digest
Saturday 25 August 2018
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But the world's second largest producer said company they still will remain higher than the average reached last year.

"Poorer life cycle, reduced safety and misrepresented relative cost savings are all major concerns for electric vehicle producers."

Carmaker recalls more than 50,000 electric vehicle chargers in North America, where aluminum often substitutes for domestic copper wiring, over fires.

The project, majority owned by a unit of Sichuan Road & Bridge, is group of four deposits on the outskirts of the capital Asmara.

Speculators in gold price futures are short 670 tonnes – the biggest bearish position in 25 years.

Investment bankers like GMP Capital Inc. and Canaccord Genuity Group Inc. moved into pot in a big way after mining deals dried up during the commodity slump that followed the financial crisis.

The key to success is staying informed and buying low when others are scared, before undervalued gold stocks soar much higher.

The country's gold production fell for a ninth straight month in June as rising costs, aging infrastructure and accidents affect profit and output.

Rising costs, falling metals prices may eat into margins.

Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.

Kremlin aide Andrei Belousov said on Friday he would like major Russian firms to invest in social projects rather than pay higher taxes.

Could OPEC be on the way out? Maybe.

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