China’s Qianhai Mercantile Exchange launches copper rod trading

China’s Qianhai Mercantile Exchange launches copper rod trading

The Qianhai Mercantile Exchange (QME), a mainland China spot commodities platform owned by Hong Kong Exchanges and Clearing Ltd, said it started trading in copper rods on Friday, adding to existing trade of alumina and aluminium products. A total...

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China to Raise Import Tariffs on U.S. Scrap Copper, Aluminum From December 15

China to Raise Import Tariffs on U.S. Scrap Copper, Aluminum From December 15

China will impose an extra 5% tariff on imports of copper scrap and aluminum scrap from the United States from Dec. 15, according to a list of retaliatory tariffs published by the Ministry of Finance late on Friday. Beijing had already levied a...

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Desert completes buyout of Ashanti Gold

Desert completes buyout of Ashanti Gold

Desert Gold Ventures (TSXV: DAU) closed this week the acquisition of Ashanti Gold Corp (TSX-V: AGZ), a move that caused the Canadian company’s stock to jump 7.5% in the past five days. In a media statement, Desert said that each shareholder of...

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Falcon launches exploration program in Ontario’s Red Lake District

Falcon launches exploration program in Ontario’s Red Lake District

Falcon Gold (TSXV: FG) launched this week an exploration sampling program on its Wabunk Bay gold and base metal property located in the Red Lake District of northwestern Ontario. In a press release, the Vancouver-based miner said the objective of...

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Gold price surges to new 6-year high

Gold price surges to new 6-year high

Gold hit a six-year high on Friday as investors piled into the safe haven metal amid an escalating US-China trade war, and the prospects of a return to ultra-loose monetary policy by the Fed. Gold for delivery in December, the most active futures...

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Radisson closes $4.5m deal to develop historic Quebec gold mine

Radisson closes $4.5m deal to develop historic Quebec gold mine

Québec – based Radisson Mining Resources’ (TSX-V: RDS) stock was up over 3% Friday, after closing on a C$6 million (USD$4.5 million) private placement. The financing consisted of the issuance of 20.6 million units at C $0.15 per unit, for C$3.09...

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Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium’s Australia Unit Secures LG Chem Supply Deal

Tianqi Lithium Kwinana, a subsidiary of China’s Tianqi Lithium, has landed a five-year contract selling lithium hydroxide to LG Chem. The Western Australia-based unit will sell at least 15 percent of annual output at its new production...

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China eases restrictions on gold imports

China eases restrictions on gold imports

China has partially lifted restrictions on imports of gold, bullion industry sources said, loosening curbs that had stopped an estimated 300-500 tonnes of the metal worth $15-25 billion at current prices from entering the country since May...

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Oil Prices Eke Out Small Gains Ahead of Fed Chair Speech

Oil Prices Eke Out Small Gains Ahead of Fed Chair Speech

Oil prices clawed back the previous day’s losses on Friday, with Brent nudging above $60 a barrel, as tighter supplies from key producers offset slowing demand growth while investors await clues from the Federal Reserve on U.S. monetary...

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Forum looking to fund exploration program in Saskatchewan

Forum looking to fund exploration program in Saskatchewan

Forum Energy Metals (TSXV: FMC) is seeking to raise $75,000 through a non-brokered private placement of up 1,250,000 flow-through common shares to explore the Love Lake mafic-ultramafic complex. The project is located along Highway 905 to the...

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Kootenay Silver, Pure Nickel on Eric Sprott investment blitz list

Kootenay Silver, Pure Nickel on Eric Sprott investment blitz list

Canadian explorers Kootenay Silver (TSXV: KTN) and Pure Nickel (TSXV: NIC) have received fresh injections of cash from Eric Sprott. The Canadian billionaire investor – also a pioneer in the gold-backed ETF industry – has splashed over C$145...

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