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Red Light Holland $TRIP.ca Announces Arrangement to Launch Sale of Psychedelic Truffle Microdosing Packs in the Netherlands $SHRM.ca $RVV.ca

Posted by AGORACOM at 9:11 AM on Wednesday, September 2nd, 2020

Toronto, Ontario–(Newsfile Corp. – September 2, 2020) – Red Light Holland Corp. (CSE: TRIP) (FSE: 4YX) (“Red Light Holland” or the “Company“), an Ontario-based corporation positioning itself to engage in the production, growth and sale of its brand of magic truffles to the legal, recreational market within the Netherlands, is pleased to announce that it has solidified its arrangement with McSmart (as defined by the listing statement) for the launch of its previously announced Microdosing Packs through three Smart Shops operated by McSmart. The Microdosing Packs are anticipated to become available for purchase to consumers in the Netherlands before the end of September 2020, at the following Smart Shop locations: (i) two Tatanka locations, and (ii) the Headshop. In addition, the Microdosing Packs are also expected to become available for purchase in the Netherlands on Tatanka’s website at www.tatanka.nl.

“All of us at Red Light Holland are very excited as our Microdosing Packs are so close to being on shelves and available for online purchases. We are still anticipating our premiere product launch, with our newly coined phrase “iMicrodose,” happening later this month, and working so closely with McSmart is something we are truly appreciative of,” said Todd Shapiro, Chief Executive Officer and Director of the Company.

Magic truffles, which are sold in their natural, raw and unprocessed form, need to be refrigerated. As such, two of the Smart Shops are also expected to feature Red Light Holland-branded fridges to house the magic truffles and display their iMicrodose packs in a clever and unique way. The Microdosing Packs have a shelf-life of approximately 3 months.

Red Light Holland Microdosing Packs

https://orders.newsfilecorp.com/files/2017/62997_redlight.jpg

About Red Light Holland Corp.

The Company is an Ontario-based corporation positioning itself to engage in the production, growth and sale of its brand of magic truffles to the legal, recreational market within the Netherlands, in accordance with the highest standards, in compliance with all applicable laws. The Company’s brand of magic truffles are expected to be sold in the Netherlands through existing Smart Shops as well as its e-commerce platform, and are expected to be initially made available in the form of its previously announced Microdosing Packs.

For additional information on the Company:

Todd Shapiro
Chief Executive Officer and Director
Tel: 647-204-7129

Email: [email protected]
Website: https://redlighttruffles.com

Tags: #Depression, #Medicine, #psychedelic, #Research
Posted in All Recent Posts, Red Light Holland | Comments Off on Red Light Holland $TRIP.ca Announces Arrangement to Launch Sale of Psychedelic Truffle Microdosing Packs in the Netherlands $SHRM.ca $RVV.ca

VIDEO – Hollister $HOLL.ca Reports Record Q2 Revenues With $8.47M From 300+ Dispensaries In California and Arizona $WEED.ca $CGC $ACB $APH $CRON.ca $OGI.ca $FAF.ca

Posted by AGORACOM-JC at 6:28 PM on Tuesday, September 1st, 2020

https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_dd2snc3b/def_height/400/def_width/400/version/100011/type/1

Hollister Biosciences (HOLL:CSE). is a multi-state operator with multiple, high-quality products that are now carried in 230 of California’s 600 dispensaries, where it also claims California’s #1 hash infused pre-roll “HashBone” + another 80 Arizona dispensaries with some of the best concentrate in the State.

But given the state of disappointment in the Cannabis industry over the last 15 months, none of that would mean anything without actual results shareholders and the industry could celebrate. In that regard, Hollister does not disappoint with Q2 numbers coming in as follows:

RECORD REVENUE of $US 8.47M, compared to $200,000 last year and representing an increase of 4,170%
NET INCOME of $300,000, compared to a loss of $2.1M, representing a turnaround of $2.4M over last year

There isn’t a small cap cannabis company that would not cheer for these results – if that was all they had. These numbers are a company maker. But Hollister is set to continue growing on several fronts, including a Direct To Consumer model and further big expansion in California.

Watch this incredible interview with President Alex Somjen.

Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.

Tags: budder, Cannabis, CBD, CSE, hash, hashbone, Hemp, mushrooms, pre-roll, small cap, stocks, tsx, tsx-v
Posted in AGORACOM Via Satellite, All Recent Posts, Featured, Hollister Biosciences | Comments Off on VIDEO – Hollister $HOLL.ca Reports Record Q2 Revenues With $8.47M From 300+ Dispensaries In California and Arizona $WEED.ca $CGC $ACB $APH $CRON.ca $OGI.ca $FAF.ca

New Jersey EDA to lead state-wide #Esports initiatives, approves wagers on the VIE.gg CS:GO Legends Series event – SPONSOR: Esports Entertainment Group $GMBL $DKNG $PENN $GAN $ESPO $AESE $EGLX.ca $BRAG.ca $FDM.ca

Posted by AGORACOM-JC at 11:24 AM on Tuesday, September 1st, 2020

SPONSOR: Esports Entertainment Group (GMBL:NASDAQ) Millions of people from around the world tune in to watch teams of video game players compete with each other. In first quarter 2020, YouTube reported 1.1 billion hours watched, an increase of 13% when compared to fourth quarter 2019. Wagering on Esports is projected to hit $23 BILLION this year although that number will likely be eclipsed due to the recent pandemic. Esports Entertainment Group is designed for the purpose of facilitating as much of this wagering as possible. LEARN MORE.

New Jersey EDA to lead state-wide esports initiatives

One technique in the state’s masterplan is to drive esports interest through betting
The fruits of which arrived today as the Division of Gaming Enforcement issued an approval notice for the state’s licensed operators to accept wagers on the VIE.gg CS:GO Legends Series event

By Cody Luongo September 1, 2020

The New Jersey Economic Development Authority (NJEDA), the state’s principal agency driving economic growth, has unveiled its initiative to curate and support businesses which “accelerate” the esports industry’s development in the Garden State.

The strategy will see the NJEDA serve as a catalyst for esports activity in New Jersey, collaborating with stakeholders and local bodies to support efforts which push the industry forward. Starting with two key ventures, the NJEDA will work with partners throughout the industry to establish the state as an “epicenter” of esports in the United States.

Tim Sullivan, CEO of New Jersey Economic Development Authority, commented on the initiative in a release: “As the COVID-19 pandemic persists, finding new ways to bring people together virtually and supporting industries that can thrive without in-person interaction is crucial. Esports are uniquely positioned to address both of these priorities, and the NJEDA is excited to help to bring the benefits of this new industry to communities throughout New Jersey.”

One technique in the state’s masterplan is to drive esports interest through betting. The fruits of which arrived today as the Division of Gaming Enforcement issued an approval notice for the state’s licensed operators to accept wagers on the VIE.gg CS:GO Legends Series event.

Produced by Allied Esports and monitored by the Esports Integrity Commission, the online tournament will be held to the industry standards and procedures for safeguarding competitive integrity. This includes the distribution of event guidelines outlining betting, inside information, match-fixing, and cheating to participating teams and players.

The NJEDA initiative will launch alongside Conference One (CF1), a “first-of-its-kind” collegiate esports league headquartered in New Jersey. Facilitated by the Authority, CF1 will create a collegiate varsity esports league bringing together teams from more than 128 institutions across the country.

Starting in October, Conference One will host its inaugural season with Riot Games’ VALORANT. Participating schools, organised into four regions – North, South, East, and West – will compete in round-robin matches culminating in tournament finals. Organisers anticipate including more esports titles in the league in the future.

Anthony Gaud, CEO of Gaud-Hammer Gaming Group, an esports agency which manages Conference One, added: “Finding the ideal location to establish Conference One was challenging. We needed a place with a robust technology infrastructure that could handle the demands of major livestreamed events, a highly skilled and adaptable workforce, and an established sports wagering industry. Not many locations offer all of that, but New Jersey has it all.

“We look forward to collaborating with the NJEDA and other partners throughout the state to grow Conference One while supporting New Jersey’s emerging status as the hub of the American esports industry.”

The NJEDA mentions these autumn-bound initiatives are “just the beginning of the industry’s growth in New Jersey.” Individuals and companies with innovative ideas pertaining to esports are invited to contact the NJEDA directly.

Esports Insider says: Having the NJEDA in the esports industry’s corner will be a serious catalyst for growth in the Garden State – and that’s no embellishment. This initiative will provide resources for stakeholders and establish key connections for esports businesses to thrive in the state.

Source: https://www.esportsinsider.com/2020/09/new-jersey-eda-esports/

Tags: Activision Blizzard, Apple, Draftkings Inc, EA sports, egaming, esports
Posted in All Recent Posts, Esports Entertainment Group, Esports Entertainment Group Inc., eSports Investing | Comments Off on New Jersey EDA to lead state-wide #Esports initiatives, approves wagers on the VIE.gg CS:GO Legends Series event – SPONSOR: Esports Entertainment Group $GMBL $DKNG $PENN $GAN $ESPO $AESE $EGLX.ca $BRAG.ca $FDM.ca

CLIENT FEATURE: Tartisan Nickel (TN:CSE) Advancing the Kenbridge Nickel Mine – A Project Designed for Small Cap Success $TN.ca $NICO.ca $RNX.ca $TSLA $NOB.ca $SHL.ca $CNC.ca

Posted by AGORACOM at 11:07 AM on Tuesday, September 1st, 2020

Investment Highlights

Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
- The deepest hole extends to 838.4 metres, intersecting mineralization grading 4.25% nickel and 1.38% copper over 10.7 metres
- The deposit remains open at depth
Tartisan completed a Spectral Analysis Survey that identified the Kenbridge Deposit, and has shown a possible extension and three additional trends
Owns 17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property and are drilling their Iska Iska Pollymetallic project in Bolivia
- Tartisan currently owns close to 4 million ELO shares
Tartisan owns close to 1,700,000 shares in Class 1 Nickel (CSE:NICO)
- Tartisan vended the Alexo- Kelex asset to Class 1 Nickel, who recently listed on CSE

Kenbridge Ni Project (ON, Canada)

Advanced stage deposit remains open in three directions, is equipped with a 623m deep shaft and has never been mined
Preliminary Economic Assessment completed and updated returned robust project
economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of copper credits
Plans for Kenbridge include updating PEA, advancing the project through to feasibility and exploring the open mineralization at depth

Recent News

Company has completed a Spectral Analysis Survey
Survey covered the patented and single-cell mining claims that make up the historic land position which contains the Kenbridge Deposit and the surrounding area, identifying several new exploration targets not only for nickel, copper, cobalt, but also for potential gold occurrences
Analysis Survey shows the distribution and intensity of up to 304 minerals, with the first pass showing up to 16 minerals
Each mineral can be classified into an exploration relevance for base metals, precious metals and industrial metals

Tartisan CEO Mark Appleby said, “the survey picked out the Kenbridge Deposit, and has shown the possible extension to the Kenbridge Deposit and three additional trends that relate directly to underlying geology and structure implicit in the Kenbridge Deposit. Of significant interest, the survey found two gold trends as well, which include the Violet and Nina historic gold occurrences. One of the occurrences is almost 54 hectares in size and covers almost all of three of our staked claims on the border of the Kenbridge property.”

DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.

Tags: Battery, mining, nickel, security, source, supply, tartisan, Tesla
Posted in AGORACOM Client Feature, All Recent Posts, Tartisan Nickel | Comments Off on CLIENT FEATURE: Tartisan Nickel (TN:CSE) Advancing the Kenbridge Nickel Mine – A Project Designed for Small Cap Success $TN.ca $NICO.ca $RNX.ca $TSLA $NOB.ca $SHL.ca $CNC.ca

Why Small Cap Gold Investors Need To Take Notice of Ohio Pension Fund Entering The Gold Market $AMK.ca $AFF.ca $DGO.ca $CDG.ca $LN.ca $LAB.ca $SX.ca $TAJ.ca

Posted by AGORACOM at 9:54 AM on Tuesday, September 1st, 2020

Small cap investors should take notice of the following small cap gold exploration companies after the Ohio Police & Fire Pension Fund (OP&F) approved a 5% allocation into gold in a move to diversify its portfolio and hedge against the risk of inflation. This may not sound like much, but it may be the first of many pension funds to follow as they seek to protect their pension assets. The OP&F fund currently holds about $16 billion in assets under management and believe gold will give the portfolio a strong diversifier to its growth-oriented investments as well as provide an effective hedge against inflation

More and more pensions are going to need to protect themselves against rising inflation and the falling value of currencies and 5% from every fund poses an incredible amount of purchasing power for the gold market to sustain.

Rising gold prices boost demand, as witnessed by Warren Buffett’s Berkshire Hathaway surprising gold investors after buying nearly 21 million shares of Barrick Gold. The first time ever in the funds history.

If the worlds largest funds are finding value in the gold market, small cap investors need to pay attention to the following Agoracom clients poised for success.

(TSXV: AMK)

American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2020’s first hole is the best yet, intersecting 973 Meters Averaging 0.845 gram per ton Equivalent, From Hole GS-20-57, Including 1.40 gpt AuEq Over 217.5 Meters. Eric Sprott believes Treaty Creek may contain over 30 million ounces. Initial resource report expected late 2020 from project operator Tudor Gold.

Hub On AGORACOM

——–

(TSXV: AFF)

Affinity controls 2 projects, The West Timmins Gold and The Regal where and Affinity just announced that drilling has begun targeting several major geophysical anomalies as well as three historic small-scale past producing mines. Past results include 11.10 meter interval of 143.29 g/t silver which included a 0.55 meter interval of 2,612.0 g/t silver.

The West Timmins Gold property is located near Timmins, Ontario, Canada and adjoins Melkior’s Carscallen project. The first drill hole has been completed and assays from that first hole are expected to be received by the Corporation within the next two weeks.

Hub On AGORACOM

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(TSXV: DGO)

Durango is positioned for discovery with a 100% interest in strategically located properties in the Windfall Lake gold camp in the Abitibi region of Quebec, named Trove and Barry. Osisko is currently drilling the Lynx Project close to Durango’s property border. Durango is currently finalizing its drill plan for 2020.

Hub On AGORACOM

Candente owns a large, economic, copper ore body in Peru waiting to be mined. Cañariaco Norte is a 100% owned feasibility-stage porphyry copper deposit containing 7.5 billion pounds of copper and has had multiple scientific studies propelling it along the way toward production. Strengthened by Goldman Sachs belief it is one of the top 80 copper deposits yet to be exploited and strategically guided by Australian Iron Ore giant Fortescue’s 19% inside ownership, Candente has the lowest quartile production costs slated for development.

Hub On AGORACOM

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(TSXV: LAB)

Labrador Gold explores for prospective gold projects in Eastern Canada. The Kingsway project is the current focus in Newfoundland, along strike of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. Field crews have started the 2020 exploration program on the Kingsway Property. Labrador also holds the Hopedale and Ashuanipi district scale gold exploration properties.

Hub On AGORACOM

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(TSX: LN)

Loncor Resources (LN: TSX / Q: LONCF /) is an excellent gold explorer that is 100% focused on Africa, where they have already discovered over 3 million ounces of gold …. with plans to find even more.

World renown gold miner Newmont has a market capitalization of $50 Billion and owns 8% of Loncor. Resolute Mining of Australia has a market capitalization of $1.5 Billion and owns 26% of Loncor

Joint Venture on all of Loncor’s remaining land with Barrick Gold, the $53 Billion Company whose mandate is to find a Tier 1 asset. On Loncor ground

Hub On AGORACOM

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SX has a “Eco-Green’ approach to the mining business. It creates eco-friendly mining solutions through technology to grow its business and has developed 4 separate and distinct avenues to create an ideal growth company for the ecological requirements 21^st mining will face. Currently focused on exploring for gold in Iceland while developing processing technologies to reduce the environmental impact of mining activities.

Hub On AGORACOM

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(TSXV: TAJ)

Tajiri Resources Corp is exploring for world class gold deposits in Guyana with 2 exploration properties that could each wield major discoveries, the Gargantuan and Epeius projects. Supported by management that have a track record of discovery with almost 20 million ounces, mostly in Guyana

Hub On AGORACOM

FULL DISCLOSURE: All companies are advertising client of AGORA Internet Relations Corp.

Tags: #PensionFail, Discovery, gold, mining, smallcap, SmallCapStocks
Posted in Affinity Metals, All Recent Posts, American Creek Resources Ltd., Candente Gold, Durango Resources, Labrador Gold, Loncor, St Georges Eco-Mining Technologies, Tajiri Resources | Comments Off on Why Small Cap Gold Investors Need To Take Notice of Ohio Pension Fund Entering The Gold Market $AMK.ca $AFF.ca $DGO.ca $CDG.ca $LN.ca $LAB.ca $SX.ca $TAJ.ca

VIDEO: Innocan $INNO.ca Developing The Pharmaceutical Guided Missile To Defeat #Coronavirus Lung Infections $GWPH $CRDL.ca $PCLO.ca

Posted by AGORACOM-JC at 9:31 AM on Monday, August 31st, 2020

InnoCan Pharma Is A Pharmaceutical Company That Specializes In The Development Of New Drug Platforms Which Combine Unique Properties of Cannabinoids

InnoCan has 3 fully operating divisions to address the market for Cannabis products. As a Cannabis investor, why limit yourself to a Company with just one specialty, when InnoCan offers you exposure to both the exploding world of cannabis pharma, as well as, a portfolio of patent-pending and launch ready consumer health products.

Watch this interview or listen by Podcast on Apple, Google, Spotify or your favourite podcaster.

Tags: CBD, CBD Derma Cosmetics, CBD stocks, CSE, Innocan, Relief & Go Pain Relief Spray, SHIR
Posted in AGORACOM Via Satellite, All Recent Posts, Featured, Innocan Pharma Corporation | Comments Off on VIDEO: Innocan $INNO.ca Developing The Pharmaceutical Guided Missile To Defeat #Coronavirus Lung Infections $GWPH $CRDL.ca $PCLO.ca

American Creek $AMK.ca What Do Gretzky, Silver, and Treaty Creek Have To Do With Each Other and Why Is It Important? Doug Casey and Eric Sprott Explain $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 9:21 AM on Monday, August 31st, 2020

This week Rick Rule and Doug Casey had an excellent 2 part interview on Kitco. It was both highly informative and entertaining. I suggest that everyone watch it after you listen to Eric Sprott so I’ve included the Kitco links below for you. In the interview Doug Casey suggests that we all try to follow the advice of Wayne Gretzky which is this “On the ice skating arena, most guys skate to the puck, and that’s a problem because there’s all these big mean guys swinging sticks….skate to where you think the puck is going to be opposed to where all these big means guys swinging sticks are”.

Who can argue with Gretzky given his track record? That’s exactly what Eric Sprott is doing with his investments. He closely follows the silver / gold ratio which is 17.5:1 in the ground. As you can see on the 10 year chart below the market ratio has had dramatic increases over the last decade, and industry experts are saying it is due to silver being more manipulated than gold. In April of this year it reached a peak of 114.77 (a 94 year high) and (for various reasons) is on its way back down.

Sprott has stated that all the data “is screaming” that the market silver / gold ratio will go down to a 15:1 ratio (for many reasons but one is that the silver / gold ratio in production is only 8:1 so there just isn’t enough silver out there to account for all the silver accounts on paper and people are starting to want delivery – a very wise decision). So like Gretzky, Sprott is looking at where the puck is going to be, or in this case where silver is going to be, and evaluating companies based on where they would be if a 15:1 ratio were to take place.

I thought he would start talking about the many high-grade projects out there but instead the very first example he had was Treaty Creek where the silver is just an afterthought! The first 12 minutes is spent discussing arguments for silver and then Eric explains why Treaty is the first one he mentions would benefit from a dropping silver / gold ratio (11:40 – 13:19).

As promised, here is the two part interview with Rick Rule and Doug Casey. I highly suggest you watch it to the end!

SOURCE: American Creek Resources

Tags: #BC, #copper, #Crescat, #Discovery, #Drilling, #Gold, #goldentriangle, #HighGrade, #KenKonkin, #Mine, #Ounces, #SII, #sprott
Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca What Do Gretzky, Silver, and Treaty Creek Have To Do With Each Other and Why Is It Important? Doug Casey and Eric Sprott Explain $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

VIDEO: Next Super Stock ThreeD Capital $IDK.ca $IDKFF livestream $IP.ca $IPNFF $GMBL

Posted by AGORACOM-JC at 9:39 AM on Saturday, August 29th, 2020

Why ThreeD Capital?

Discovering Great Disruptive Companies

ThreeD Capital provides investors with significant exposure to ground floor opportunities in

Small cap stocks in their very early stages;
Disruptive Technologies

that would otherwise be impossible for 99% of investors to participate in. There is quite simply no other investment vehicle like it in the Canadian small cap space.

Best of all, investors get to invest in ThreeD Capital under the leadership of one of the greatest investors in Canadian history – Sheldon Inwentash, the Founder, Chairman and CEO. When Sheldon Inwentash speaks, listeners stand to make a lot of money. His track record speaks for itself.

https://youtu.be/DYTPVJZ7_do

Tags: artificial intelligence, blockchain, CSE, Disruptive companies, esports, gold, IOT, shrooms, stocks, tsx, tsx-v
Posted in All Recent Posts, Featured, ThreeD, ThreeD Capital | Comments Off on VIDEO: Next Super Stock ThreeD Capital $IDK.ca $IDKFF livestream $IP.ca $IPNFF $GMBL

Electric-Car Surge Paces Europe’s Best Auto Sales in 10 Months SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM at 10:53 AM on Friday, August 28th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko has an option for 100% of the high-grade La Loutre graphite Property, Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

Hybrid and electric-car registrations soared in Europe last month, seizing a record share of the market and lifting total sales to the highest in 10 months.

Registrations of plug-in hybrids more than quadrupled, while battery-electric vehicles more than doubled, according to auto-market researcher Jato Dynamics. Total sales slipped just 4% from a year ago to 1.28 million, the most since September.

“If the current situation continues to improve, we could start to talk about a ‘V’ shaped recovery in the European car industry,” Felipe Munoz, a global analyst for Jato Dynamics, wrote in a report Thursday. EV demand is rising because of a wider selection of more affordable models and increased competition that is pushing down prices.

The figures are the most positive yet for an industry that had expected Europe to continue lagging the recoveries other regions have mustered following the coronavirus pandemic. Auto sales fell less drastically in the U.S. and have started growing again in China.

Government subsidies in countries including Germany and France have kick-started sales, especially for electrified models. Hybrid, plug-in hybrid and battery-only vehicles were 18% of registrations last month, up from 7.5% a year ago. Four of the five best-selling hybrids were Toyota Motor Corp. models, while Renault SA’s Zoe dominated the electric segment.

Tesla Inc. missed out on the trend, with registrations plunging 76% to just over 1,000 units, Jato said.

“Tesla is losing ground this year in Europe,” Munoz said. “Some of this can be explained by issues relating to the production continuity in California, but also by high competition from brands that play as locals in Europe.”

There were 10 more battery-electric cars on the market last month than a year ago, with new models including the Peugeot 209, Mini Electric, MG ZS, Porsche Taycan and Skoda Citigo buoying the segment.

SOURCE: https://www.bnnbloomberg.ca/electric-car-surge-paces-europe-s-best-auto-sales-in-10-months-1.1485785

Tags: #Battery, #Carbon, #Demand, #Electric, #Evolution, #graphite, #Green, #High-Grade, #Imerys, #Material, #Material #Supply #Chain, #Promethieus
Posted in All Recent Posts, Lomiko Metals | Comments Off on Electric-Car Surge Paces Europe’s Best Auto Sales in 10 Months SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Industry Bulletin: Roskill Sees ‘Structural Shift’ in Copper Market on Intense Buying From China SPONSOR: Candente Copper $DNT.ca $CN.ca $FCX.ca $TECK.ca $FMG.ca

Posted by AGORACOM at 10:47 AM on Friday, August 28th, 2020

http://blog.agoracom.com/wp-content/uploads/2020/08/candente-copper-for-blog1.jpg

Candente Copper is currently focused on its 100% owned Canariaco project, which includes the Feasibility stage Canariaco Norte deposit as well as the Canariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru. Canariaco is included in Goldman Sachs 84 Top Copper Projects Worldwide

An employee looks over sheets of copper cathode at Glencore’s Lomas Bayas copper operation in Chile. Credit: Glencore.

Copper was once again approaching the psychologically important US$3 per lb. level on the back of falling inventories, booming Chinese demand and pandemic hit supply from South America, the U.S. and Africa.

On Aug. 26, Copper for delivery in December trading in New York jumped 1.5% to US$2.9965 per lb. ($6,605 a tonne) in afternoon trading, bringing gains in 2020 to more than 7%, and 50% since the Covid-19 lows struck in March.

A new report from Roskill suggests the rally in copper, which has surprised many with its speed, has further to go.

Jonathan Barnes, associate consultant for copper at the London-based metal and minerals research firm, says while the effects of Covid-19 could decrease world consumption of the metal by 3%-4% this year, the drop in mine output and scrap flows has been greater.

This is most visible in the fall in inventories around the world.

Globally, total visible stocks, which include those on exchanges and bonded warehouses in China, fell by 40% from March through July to below 600,000 tonnes. LME warehouse inventories are at 13-year lows.

China is responsible for more than half of the world’s copper consumption, and the country is buying copper at record-setting rates.

“China is importing more refined metal from nearly every country suggesting a structural shift, not a temporary change,” says Barnes.

“If you are looking for signs of panic buying, you can find evidence of that in China – total Chinese stocks represent less than two weeks’ consumption at current rates of use.”

In the rest of the world, where demand has dropped by much more relative to China, stocks represent only one week of consumption.

The lack of available scrap – imports are down 50% in the first half – after Beijing delayed new importing rules, has forced the Chinese buyers to replace secondary sources with cathode, further driving down visible inventories.

Roskill estimates a 300,000-tonne shortfall in imports of secondary materials — scrap, ingots and granules – into China from January to July.

Barnes believes global scrap flows may not normalize until the first quarter of next year, but would depend on new rules in China.

Roskill’s sources have not been able to confirm that China’s State Reserve Bureau has been buying up strategic stocks of copper, “but if they were, they probably would have done so earlier, when prices were much lower,” Barnes says.

Disruptions to mine supply could be between 750,000 to 1 million tonnes in 2020, with eight out of the 10 largest miners recording lower output during the first half of the year.

China’s concentrate imports are down year on year, while sourcing anodes from the central Africa copper belt is also hitting roadblocks.

Barnes says China’s two-year restocking cycle is rising in amplitude as the country’s dominance in the copper market increases, and he expects an 11.5% rise for the full year in copper imports.

The country has a structural copper market deficit, and it restocks whenever LME prices appear attractive. Moreover, says Barnes, China can take a long term view and use tomorrow what it does not need today.

Roskill expects trade data to show another bumper August for imports, despite being a seasonally muted month for shipments.

The copper price will likely rise further towards the end of 2020, Barnes says, and the current environment has strong parallels to the rebound in the copper price after the global financial crisis.

Copper hit a low of US$1.32 per lb. in January 2009, then surged to US$3.55 by April 2010, on its way to an all-time high of US$4.58 (more than $10,000 per tonne) in February 2011.

SOURCE: https://www.northernminer.com/commodities-markets/copper-price-to-extend-rally-on-signs-of-chinese-panic-buying/1003821456/

Tags: #Canariaco, #copper, #Freeport, #Gold, #GoldmanSachs, #peru, #Porphyry, #Project
Posted in All Recent Posts, Candente Copper | Comments Off on Industry Bulletin: Roskill Sees ‘Structural Shift’ in Copper Market on Intense Buying From China SPONSOR: Candente Copper $DNT.ca $CN.ca $FCX.ca $TECK.ca $FMG.ca

Archive for the ‘All Recent Posts’ Category

New Jersey EDA to lead state-wide esports initiatives

Categories