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Column: Copper smelter terms at rock bottom as mine squeeze hits - Andy Home


6 Min Read
LONDON (Reuters) - Copper’s turbo-charged rally has stalled over the last few weeks as funds have taken profits and physical buyers have refused to chase prices higher.
FILE PHOTO: Refined copper bundles can be seen at BHP Billiton s Olympic Dam copper and uranium mine located in South Australia, May 24, 2016. REUTERS/Sonali Paul/File Photo
London Metal Exchange (LME) three-month copper hit a near 10-year high of $9,617 per tonne in late February but is now idling just below the $9,000 level, last trading at $8,910.
Spirits have been dampened by a rebuild in LME stocks, which have more than doubled to 168,500 tonnes from a February low of 73,500 tonnes. Market optics don’t look as bullish as they did. ....

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Azarga Metals Corp.: Azarga Metals to Pay Baker Steel Semi-Annual Interest in Shares


Azarga Metals Corp.: Azarga Metals to Pay Baker Steel Semi-Annual Interest in Shares
Azarga Metals or the
(TSX.V:AZR) has delivered a notice to Baker Steel Resources Trust Limited (
BSRT ) indicating that it wishes to exercise its option to pay the semi-annual interest owed on the US$3.5 million (fixed at C$4,692,550) convertible debt to BSRT in shares. Interest owed on 10 April 2021 is C$188,216 that will be settled by the issue of 1,505,730 common shares priced at $0.125 per share, being the closing price on 8 April 2021.
Pursuant to the loan agreement with BSRT, the shares are to be delivered to BSRT within 14 days following the interest payment date of 10 April 2021. Issuance of the shares is subject to approval of the TSX-V. ....

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Talon Metals Corp.: Talon Metals Intersects 138.18 Meters (453.35 Feet) Grading 2.26% Nickel Equivalent at the Tamarack Nickel Project


Talon Metals Corp.: Talon Metals Intersects 138.18 Meters (453.35 Feet) Grading 2.26% Nickel Equivalent at the Tamarack Nickel Project
Talon or the
Company ) is pleased to provide an update on the Tamarack Nickel-Copper-Cobalt Project (
Tamarack Nickel Project ), located in Minnesota, USA. The Tamarack Nickel Project comprises the Tamarack North Project and the Tamarack South Project.
Figure 1: Portion of Drill Hole 20TK0277 representing 39 meters (128 feet) of semi-massive sulphide mineralization grading 3.12% Ni, 1.60% Cu, 0.08% Co, 0.13 g/t Pd, 0.21 g/t Pt and 0.17 g/t Au (3.94% NiEq or 10.51% CuEq) starting at 346 meters
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2443/80206 884128260406fbbc 001full.jpg ....

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