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First law firm in Canada focusing on #Esports opens in Toronto $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Posted by AGORACOM-JC at 11:04 AM on Wednesday, October 24th, 2018

  • “Players don’t always have the full appreciation of their value,” Kubes said. “We saw this as a big opportunity to help the industry grow. On the one hand, it is a business opportunity. But on the other, there is a big need for it.”
  • According to the firm, in Canada alone, the video game industry accounts for over $3.7 billion in revenue. The sport of video games is growing at a rapid pace and sponsors, organizations and investors are chomping at the bit to get a slice of that pie.

By Christopher Whan

In the world of eSports, careers are made in a matter of months. Almost anyone, though often young people, with a computer and the skills to play these games can see themselves thrust into million-dollar contracts and sponsorship deals before they know what to do.

That’s where Josh Marcus and Evan Kubes are stepping in. The duo launched MKM group on Oct. 1 to help those who play video games professionally get an even footing in negotiations.

The group is the first in Canada devoted specifically to eSports. Normally, Canadian players would have to look south of the border for firms like theirs. To Kubes and Marcus, this was more than a business opportunity, but also a way to fill a wide gap that existed in the industry in Canada.

“Players don’t always have the full appreciation of their value,” Kubes said. “We saw this as a big opportunity to help the industry grow. On the one hand, it is a business opportunity. But on the other, there is a big need for it.”

According to the firm, in Canada alone, the video game industry accounts for over $3.7 billion in revenue. The sport of video games is growing at a rapid pace and sponsors, organizations and investors are chomping at the bit to get a slice of that pie.

According to MKM, the firm is there to help Canadian professional gamers wade through the legal jargon that comes along with an expensive contract.

“The eSports industry is accelerating at an unprecedented pace,” Marcus said.

“Casual gamers, many of whom are teenagers, can turn into celebrities overnight and find themselves with sponsorships and employment contracts, without the full appreciation for what they’ve signed up for.”

The growth of eSports has been astronomical. Just this year Blizzard, developer of Overwatch, one of the biggest games on the scene, announced that for the sophomore season of the Overwatch League, two Canadian teams will be joining the fray, one in Vancouver and one in Toronto.

On top of that, the biggest eSports tournament in the world was held in Vancouver this year. The International is an event devoted to the game DOTA 2, a multiplayer online battle arena (MOBA) game that sees teams of five players control heroes in battles against other teams. This year’s tournament had a prize pool of $25 million, with the winning team taking home $11 million.

On top of professional tournaments, streaming has also brought in a ton of money for those who play video games for an audience and at the head of that industry is the game Fortnite, a “battle royale” game that pits either teams or individual players against each other. Players must eliminate others until they are the last one standing. Think The Hunger Games, but with building and dancing.

WATCH: Video Games 101: understanding the stories and culture behind them

The world’s biggest streamer right now, Tyler “Ninja” Blevins, makes millions of dollars a month playing this game for an audience of fans. Money like that needs management and though Ninja is an exceptional example, there is potential for successful streamers to make a large amount of money.

This is where MKM steps in. On top of helping pro gamers, MKM says it will also help streamers with their deals as well.

In traditional sports, it’s a little more straightforward. Everyone in that sport is playing the same game with the same rules organized by the same people. In eSports, there are hundreds of players from different nationalities playing dozens of different games in dozens of different ways.

Developers of the games obviously want a share, event organizers want a share, team owners and, of course, the players. According to MKM, the infrastructure around eSports to facilitate its growth is not keeping pace, especially in Canada.

“This creates the potential for regulatory mishaps, power imbalances and legal grey areas,” said the company in a release.

It’s an industry that is growing at a rapid pace, with players as young as 16 gaining the ability to bring in a large amount of money. Kubes and Marcus believe those kids who are lucky enough to make it big could use a little help.

The company so far is focusing only on working with players from Canada. Kubes and Marcus met while attending law school together and both worked for several years in litigation before founding MKM in 2018.

Source: https://globalnews.ca/news/4571880/esports-law-firm-toronto/

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Posted in Esports Entertainment Group, Esports Entertainment Group Inc., eSports Investing | Comments Off on First law firm in Canada focusing on #Esports opens in Toronto $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Demand for #marijuana real estate ‘astronomical’ as Canada legalizes $BOG.ca $NBUD.ca $MCOA $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 10:32 AM on Wednesday, October 24th, 2018
  • Demand for marijuana facilities, including greenhouses, indoor grow-ops and warehouses will put more demand on the country’s already tight supply of industrial real estate.
  • British Columbia and Ontario combined took up more than half of the existing grow-op space, Altus said.

The rush for cannabis is on in Canada and so is finding the real estate to grow it.

The legalization of recreational weed on Wednesday has already fuelled a sixfold surge in pot-growing facilities to 8.7 million square feet (808,256 square meters) in the year through September, according to data from Altus Group Ltd. — space about the size of Amazon.com Inc.’s Seattle headquarters. Publicly listed companies have another 6.4 million square feet on the drawing board, not including retail.

“It’s grown astronomically,” Raymond Wong, vice president of data operations at Toronto-based Altus, said by phone. “With the publicly traded companies, there’s a lot more investment in these areas with anticipated growth and available capital, and they’re acquiring and expanding their existing facilities.”

The demand for marijuana facilities, including greenhouses, indoor grow-ops and warehouses will put more demand on the country’s already tight supply of industrial real estate. British Columbia and Ontario combined took up more than half of the existing grow-op space, Altus said.

Wong said expansion plans are likely conservative as it excludes private companies’ anticipated growth. “There’s a whole other market out there that anticipates further growth in this area,” he said. “We don’t see this slowing down.”

Source: https://business.financialpost.com/real-estate/property-post/demand-for-pot-grow-ops-is-astronomical-as-canada-legalizes

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Posted in All Recent Posts, Bougainville Ventures, North Bud Farms Inc | Comments Off on Demand for #marijuana real estate ‘astronomical’ as Canada legalizes $BOG.ca $NBUD.ca $MCOA $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

With State Media Group Integration, Good Life Networks Inc. $GOOD.ca Achieves Annual Target Ahead of Forecast $TTD $RUBI $AT.ca $TRMR $FUEL

Posted by AGORACOM-JC at 8:36 AM on Wednesday, October 24th, 2018

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  • Announced a commercial partnership with State Media Group LLC. (“State Media Group”), a Los Angeles based company
  • GLN’s integration with State Media Group expands GLN’s global reach through the monetization of their custom ad units across thousands of premium publishers
  • This integration represents the 30th and final to be completed this year
  • GLN will exit the year with 47 total integrations

VANCOUVER, Oct. 24, 2018 – Good Life Networks Inc. (“GLN “, or the “Company “) (TSX-V: GOOD, FSE: 4G5), a Vancouver-based programmatic advertising technology company is pleased to announce a commercial partnership with State Media Group LLC. (“State Media Group”), a Los Angeles based company.

GLN’s integration with State Media Group expands GLN’s global reach through the monetization of their custom ad units across thousands of premium publishers. This integration represents the 30th and final to be completed this year. GLN will exit the year with 47 total integrations.

“Our team is pleased that we have attained our target of 30 completed integrations for the year, two months ahead of schedule,” stated GLN CEO Jesse Dylan. He added “We are well positioned to maximize Q4 revenue, which is typically our strongest performing quarter.

Scott Stevenson, CEO and Founder of State Media Group added, “Working with GLN helps us provide the maximum return to our publishers who are using our custom ad units across video, in-app, mobile web, CTV and native formats. We look forward to continuing to expand this relationship over the coming months.”.

The GLN Story

GLN is a patent pending machine learning programmatic video advertising technology company that does not collect PII (Personal Identifiable Information).  GLN serves millions of online video ads daily 3 times faster than IAB (Interactive Advertising Bureau) standards through multiple server to server integrations with both publishers and advertisers. GLN is headquartered in Vancouver, Canada with offices in the US and UK.

GLN trades on the TSX Venture Exchange under the stock symbol “GOOD” and The Frankfurt Stock Exchange under the stock symbol 4G5.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements:

Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of GLN. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to State Media Group. These statements generally can be identified by use of forward-looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the integration with State Media Group and general economic conditions. In making the forward‐looking statements in this news release, the Company has applied several material assumptions, including without limitation that the State Media Group partnership will be successfully completed in the time expected by management and its commercial agreement with State Media Group will produce the desired results, generate the anticipated revenue and expand GLN’s global reach per management’s expectations. GLN and its affiliates and subsidiaries do not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, other than as required by applicable securities laws. Additional information identifying risks and uncertainties is contained in GLN’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

SOURCE Good Life Networks Inc.

View original content: http://www.newswire.ca/en/releases/archive/October2018/24/c7037.html

[email protected]

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Posted in Featured, Good Life Networks | Comments Off on With State Media Group Integration, Good Life Networks Inc. $GOOD.ca Achieves Annual Target Ahead of Forecast $TTD $RUBI $AT.ca $TRMR $FUEL

Tetra Bio-Pharma $TBP.ca Appoints Richard Giguère Chief Executive Officer of Tetra Natural Health $AERO $CBDS $CGRW $APH.ca $GBLX

Posted by AGORACOM-JC at 8:30 AM on Wednesday, October 24th, 2018

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  • Announced the appointment of Richard Giguère to the position of Chief Executive Officer of Tetra Natural Health Inc. a newly created, wholly owned subsidiary of Tetra Bio-Pharma Inc.
  • Mr. Giguère has more than 20 years’ experience in national sales and marketing in the pharmaceutical industry. During his career, he has held numerous business development, management and negotiation positions and launched several new products on the Canadian market

ORLEANS, Ontario, Oct. 24, 2018 РTetra Bio-Pharma Inc., a leader in cannabinoid-based drug discovery and development (TSX VENTURE: TBP) (OTCQB: TBPMF), today announced the appointment of Richard Gigu̬re to the position of Chief Executive Officer of Tetra Natural Health Inc. a newly created, wholly owned subsidiary of Tetra Bio-Pharma Inc.

Mr. Giguère has more than 20 years’ experience in national sales and marketing in the pharmaceutical industry. During his career, he has held numerous business development, management and negotiation positions and launched several new products on the Canadian market. He has worked for several pharmaceutical companies in sectors such as generics, branded products and medical devices. He has also worked with OTC, natural products and original medications. Richard is recognized for his deep ethical sense, respect of others and talent for developing long-term business relationships. Over the past 10 years, he served as a member of the Board of Directors of the companies for which he worked.

“Richard has demonstrated his ability as a company builder which will prove crucial in his role as Chief Executive Officer of Tetra Natural Health,” stated Dr. Guy Chamberland, CEO and CSO of Tetra Bio-Pharma Inc.  “He has begun preparing Tetra Natural Health as a wholly owned subsidiary of Tetra Bio-Pharma with the intentions of creating a market leader in the wellness sector of the cannabis market.”

“I am honored by this appointment as well by the confidence that Tetra Bio-Pharma has shown in me,” said Richard Giguère, CEO of Tetra Natural Health Inc. “As the CEO of Tetra Natural Health, I am excited and deeply committed to lead the operations of Tetra Natural Health with my colleagues through the next stages of development and success. Tetra has a sound business model, and there are several significant opportunities for Tetra Natural Health to grow and commercialize innovative natural health products. I am committed to exploiting the development of this huge potential market in the natural health sector.”

About Tetra Bio-Pharma Inc.
Tetra Bio-Pharma (TSX-V: TBP) (OTCQB: TBPMF) is a biopharmaceutical leader in cannabinoid-based drug discovery and development with a Health Canada approved, and FDA reviewed, clinical program aimed at bringing novel prescription drugs and treatments to patients and their healthcare providers. The Company has several subsidiaries engaged in the development of an advanced and growing pipeline of Bio Pharmaceuticals, Natural Health and Veterinary Products containing cannabis and other medicinal plant-based elements. With patients at the core of what we do, Tetra Bio-Pharma is focused on providing rigorous scientific validation and safety data required for inclusion into the existing bio pharma industry by regulators, physicians and insurance companies.

For more information visit: www.tetrabiopharma.com

Source: Tetra Bio-Pharma

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements
Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research and development strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process including the applications for Orphan Drug Designation, the timing of clinical trials, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. While no definitive documentation has yet been signed by the parties and there is no certainty that such documentation will be signed. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

For further information, please contact Tetra Bio-Pharma Inc.
Robert Bechard
Executive Vice-President Corporate Development and Licensing
514-817-2514
[email protected]
Media Contact
Energi PR
Carol Levine Stephanie Engel
514-288-8500 ext. 226 416-425-9143 ext. 209
[email protected] [email protected]

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Posted in All Recent Posts, Tetra Bio-Pharma Inc. | Comments Off on Tetra Bio-Pharma $TBP.ca Appoints Richard Giguère Chief Executive Officer of Tetra Natural Health $AERO $CBDS $CGRW $APH.ca $GBLX

#Drake and Scooter Braun Purchase Ownership Stake in #Esports Brand #100Thieves #LOL $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Posted by AGORACOM-JC at 3:14 PM on Tuesday, October 23rd, 2018

  • 100 Thieves announced Tuesday that it completed its Series A funding round, which was co-led by SB Projects founder Scooter Braun and Grammy-winning artist Drake, who both become co-owners. Braun, who represents artists like Justin Bieber and Ariana Grande, also joins the company’s board
  • Included in the round is Sequoia Capital, WondrCo, Marc Benioff, Drew Houston, Green Bay Ventures, Tao Capital and Advancit Capital

In November 2017, former professional gamer Matt “Nadeshot” Haag took to his YouTube channel to announce that his apparel company, 100 Thieves, received a multimillion-dollar investment from Cleveland Cavaliers and Quicken Loans owner Dan Gilbert, allowing him to expand into a full-fledged esports organization. Less than a year later, 100 Thieves is one of the fastest-rising brands in the industry, and Haag is partnering with a few more notable names.

100 Thieves announced Tuesday that it completed its Series A funding round, which was co-led by SB Projects founder Scooter Braun and Grammy-winning artist Drake, who both become co-owners. Braun, who represents artists like Justin Bieber and Ariana Grande, also joins the company’s board. Included in the round is Sequoia Capital, WondrCo, Marc Benioff, Drew Houston, Green Bay Ventures, Tao Capital and Advancit Capital.

Along with last year’s investment, 100 Thieves now has $25 million in total funding, and the new influx of capital will go toward building out its content team, acquiring new talent and continuing to expand its apparel line.

What attracted Braun and Drake was Haag’s broader scope for the organization. While other esports companies pivot to style themselves as lifestyle brands, 100 Thieves began with it in mind. The company does design and production in-house, and all four of its apparel drops thus far have sold out in less than 20 minutes.

“He has a clear vision for where esports is going and how to build an amazing brand within it, and that’s why I wanted to bet on him and 100 Thieves,” Scooter Braun says.

Haag himself has built up his own personal brand as Nadeshot, with 3.1 million followers on YouTube and 2.4 million on Twitter. In building 100 Thieves, he wants to enable his players to do the same for themselves—a skill he hopes to learn from his new co-owner, Braun.

“He’s really defined pop culture with the clients that he’s worked with and helped their careers over the last decade, and for us, it’s just unbelievable to be able to tap into that wisdom and that knowledge,” Haag says

Part of that focus is building out its team. 100 Thieves is still a young organization, with a total of four rosters. It was one of the new teams buying into the North American region of League of Legends at the start of 2018 for a reported $10 million. Signing star player Zaqueri “aphromoo” Black before the spring season began, 100 Thieves immediately made itself known with a second-place finish in the first split and a trip to the international World Championships in the fall. The company was also one of the earliest to enter the budding Fortnite competitive scene.

100 Thieves currently has 12 operational employees plus 35 players and coaches, but with the investment, the team is looking to add 10 people for its content team and to acquire more talent—like the recent signing of its Call of Duty roster and of streamer Rachell “Valkyrae” Hofstetter, who has 500,000 followers on Twitch.

With Gilbert advising from the sports side and Braun and Drake from the side of entertainment, 100 Thieves’ president and COO John Robinson, believes they’ve “put together a dream team of collaborators.”

I’m the reporter for the Games section of Forbes.com. I previously served as a freelance writer for sites like IGN, Polygon, Red Bull eSports, Kill Screen, Playboy and PC Gamer. I also manage a YouTube gaming channel under the name strummerdood. I graduated with a BA in jour…

Source: https://www.forbes.com/sites/mattperez/2018/10/23/drake-and-scooter-braun-invest-in-esports-company-100-thieves/#6346b562710a

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Posted in All Recent Posts, Esports Entertainment Group, Esports Entertainment Group Inc., eSports Investing | Comments Off on #Drake and Scooter Braun Purchase Ownership Stake in #Esports Brand #100Thieves #LOL $GMBL $ATVI $TTWO $GAME $EPY.ca $TCEHF $Game.ca $EPY.ca

Bougainville $BOG.ca Signs Second Tenant for 21,000 SQF Lease at Oroville, WA Campus #Weed #Marijuana $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 1:29 PM on Tuesday, October 23rd, 2018

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  • Signed a second lease agreement with a private Washington state, Tier-2 I-502 licensee to lease up to 21,000 square feet of I-502-compliant space
  • Company has been involved with the licensee as a consultant and in the infrastructure development capacity at its current location
  • Tier-2 tenant currently is ready to harvest this years crop at the end of the month

Bougainville Ventures Inc. has signed a second lease agreement with a private Washington state, Tier-2 I-502 licensee to lease up to 21,000 square feet of I-502-compliant space from the Bougainville Ventures campus in Oroville, Wash. Bougainville Ventures has been involved with the licensee as a consultant and in the infrastructure development capacity at its current location.

The Tier-2 tenant currently is ready to harvest this years crop at the end of the month. Bougainville and the tenant have agree to the terms of the lease and will occupy a one acre parcel of land, following building, property and infrastructure improvements. The new tenant has been in operations since 2015 and has extensive experience and contacts in supplying the extract market in Washington State.

The company would also like to add that it has completed its due diligence on the additional three acre parcel and will be moving forward to close on the transaction.

CEO, Andy Jagpal Commented: “With the addition of this second tenant lease for the Washington property, our business model is now well underway. We will continue to execute on our Cannabis Infrastructure business model to serve the needs of tenant-growers in the US and Canada.”

About the Washington I-502 Marijuana Market

In November 2012, the Washington State Liquor Control Board (WSLCB) passed Initiative 502 (I-502) pursuant to a vote by the people of the State of Washington. I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for growing, processing and selling of Washington State-regulated recreational marijuana products. A recent WSLCB commissioned report by the Rand organization suggests that there are currently up to 650,000 recreational marijuana users in Washington State, worth approximately $1.25 – $1.5 Billion USD in annual sales.

About Bougainville Ventures, Inc.

Bougainville provides cannabis infrastructure and seed-to-sale services to I-502 tenant-growers leasing greenhouse facilities space and providing fully built-out, turnkey solutions and ancillary services including processing, cannabis expertise and marketing and sales resources. Greenhouse canopies provide a 50% saving in cultivation cost. Bougainville has 10,000 sq.ft., in near production in Oroville, WA.

We seek Safe Harbor.

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Posted in Bougainville Ventures, Featured | Comments Off on Bougainville $BOG.ca Signs Second Tenant for 21,000 SQF Lease at Oroville, WA Campus #Weed #Marijuana $CROP.ca $VP.ca NF.ca $MCOA

Use of #Blockchain in Major Industries by Numbers: Retail, Manufacturing, Finance, and Others $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:54 AM on Tuesday, October 23rd, 2018

  • With billions of dollars being invested annually by major corporations in blockchain development, the emerging technology has become the focal point of the long-term vision of many companies internationally.
  • The exponential increase in demand and interest in blockchain technology has enabled multi-billion dollar markets for the blockchain in major sectors including manufacturing, agriculture, retail, supply chain, IoT, and payments.

Many startups, major conglomerates, supply chain operators, and distributors have attempted to integrate blockchain technology over the past two years, to increase transparency and reduce the power of central entities in data processing.

With billions of dollars being invested annually by major corporations in blockchain development, the emerging technology has become the focal point of the long-term vision of many companies internationally.

The exponential increase in demand and interest in blockchain technology has enabled multi-billion dollar markets for the blockchain in major sectors including manufacturing, agriculture, retail, supply chain, IoT, and payments.

Blockchain in manufacturing to be $566 million by 2025

On October 4, technology research firm ReportLinker disclosed in a research paper that the market for blockchain technology in the US manufacturing sector is expected to grow to $566 million by 2025, within the next seven years.

The researchers stated that the blockchain in manufacturing market is forecasted to be worth around $30 million by 2020, and the market will continue to grow at an annual growth rate of 80 percent, to $566 million by 2025.

While the report cited the increase in demand for blockchain-as-a-service (Baas) provided by technology conglomerates such as Microsoft and Intel as a major catalyst for the growth of the blockchain in manufacturing market, it cautiously suggested that the lack of regulatory clarity in the U.S. could limit the growth of the market.

Similarly, PricewaterhouseCoopers (PwC), a Big Four auditor, expressed its concerns in regards to regulatory uncertainty in the blockchain sector of the U.S., as it restricts the extent in which the blockchain can be integrated into the existing infrastructures of large conglomerates.

According to PwC blockchain head Steve Davies, many conglomerates and startups are exploring ways to integrate the blockchain at a commercial level. However, due to regulatory hurdles, companies are unable to commercialize the blockchain at a large scale:

“Businesses tell us that they don’t want to be left behind by blockchain, even if at this early stage of its development, concerns on trust and regulation remain. Blockchain by its very definition should engender trust. But in reality, companies confront trust issues at nearly every turn.”

China recognizes potential of blockchain technology in manufacturing

Other major cryptocurrency markets like Japan and South Korea have been encouraging the development of blockchain technology and utilization of decentralized systems across various industries.

South Korea recently recognized the blockchain as one of the three key technologies of the Fourth Industrial Revolution, alongside big data and artificial intelligence (AI), as the government disclosed its plans to promote blockchain training to bring young talent into the fast-growing industry.

But, as $393 billion Alibaba chairman Jack Ma emphasized, China operates the world’s biggest manufacturing hub, which is actively shifting to smart manufacturing strategies and technologies to optimize the creation and distribution of products.

The “Made in China 2025” initiative, a strategic plan established by the government of China to implement sophisticated and advanced technologies to revolutionize China as an innovative hi-tech manufacturing powerhouse, is encouraging local firms to apply smart solutions, green development, and emerging disruptive technologies like the blockchain to efficiently manufacture products.

In a total of ten industries that include robotics, railway transport, hi-tech ship development, energy, agriculture, new material manufacturing, IT, and aerospace equipment manufacturing, the “Made in China 2025” strategy will deploy many innovative solutions.

Forest Tian, a venture capitalist and founder of Precision Intelligent Technology, said that China is moving to automation in manufacturing, which requires AI and data processing technologies like the blockchain to eliminate manual labor.

“The biggest trend in manufacturing is that automation is irreversible. There will be huge demand for these machines.”

At World AI Conference 2018, Ma firmly emphasized that if the blockchain, AI, and IoT projects fail to target the manufacturing industry, the three technologies will eventually fall behind.

“AI, Blockchain and IoT will be meaningless tech unless they can promote the transformation of the manufacturing industry, and the evolution of the society towards a greener and more inclusive direction.”

Depending on the stance of the Chinese government towards blockchain technology, the blockchain in manufacturing market of China could surpass $1 billion, given the current size of the smart manufacturing market of the nation.

Less than four months ago, Chinese government-run national television network CCTV characterized the blockchain as a revolutionary technology that could be 10 times more valuable than the Internet.

“Blockchain is the second era of the Internet. The value of blockchain is 10 times that of the Internet. Blockchain is the machine that produces trust.”

The State Council of China also requested local government agencies to speed up the development of the blockchain, which could encourage the use of the blockchain in smart manufacturing.

“To build a regional equity market in Guangdong, according to the opening up of the capital market, timely introduction of Hong Kong, Macao and international investment institutions to participate in transactions. We will vigorously develop financial technology and accelerate the research and application of blockchain and big data technologies under the premise of legal compliance.”

How blockchain in agriculture enables a $430 million market

A study entitled “Blockchain: Agriculture Market Forecast until 2023” released on October 4, estimated the blockchain in agriculture and food supply market to be worth around $60.8 million. By 2023, within the next five years, researchers at ReportLinker stated that the market will grow to $429.7 million, at a compound annual growth rate of 47.8 percent.

“The blockchain market is expected to grow, owing to the increase in the demand for supply chain transparency along the agriculture and food verticals.”

Already, influential food product suppliers such as Dairy Farmers of America’s food supply chain and Dutch supermarket chain Albert Heijn, have started to utilize the blockchain to track certain products.

Intel, the $213 billion chip manufacturing giant, launched the Sawtooth Enterprise Blockchain in 2017, a decentralized network that prioritizes scalability and security to transfer seafood internationally with a higher level of transparency.

Hyperledger, a major blockchain consortium operated by the Linux Foundation, officially launched Sawtooth under the Hyperledger banner in January, to cooperate with its member conglomerates to test the blockchain.

With strong infrastructure being built by Intel, Hyperledger, and public blockchain projects, a growing number of food suppliers have started to run pilot tests on the blockchain. Walmart and Nestle, along with 10 corporations in the food industry have been working with IBM to operate IBM Food Trust, an initiative that utilizes the blockchain to improve the traceability of food products.

Frank Yiannas, Vice President of Food Safety at Walmart, said in an interview that the existing traceability systems employed by food suppliers are costly and impractical.

“We never had the intention of creating a product, all this started with the notion that we want to create a transparent food system. The way forward is decentralised as opposed to a supplier getting into a centralised database and putting data in there and the central authority owning the data. In this blockchain ecosystem, if you get into it and give data, it is your data, you own it.”

Considering the progress that has been made by 12 of the world’s largest food suppliers to actively test, utilize, and implement the blockchain, it can be said that the food supply industry could be one of the first sectors to see actual widespread adoption of blockchain technology.

Already, as IBM offering director and vice president of blockchain solutions Suzanne Livingston explained, IBM Food Trust and the 12 companies have tested the applicability of the blockchain for over a year, clearing 500,000 transactions.

“We have been in production for close to a year. We are working with a handful of companies. General availability will be announced in the third quarter. We can then onboard a higher volume of companies. We are starting on a small scale to make sure we’re getting it right. We are very close to being there.”

Biggest market of blockchain is retail, $2.3 billion market

In June, MarketsandMarkets published a new market research report “Blockchain in Retail Market by Provider, Application, Organization Size, and Region – Global Forecast to 2023,” disclosing that the blockchain in retail market is currently valued at $80 million.

By 2023, the researchers forecasted that the blockchain in retail market could grow to $2.339 billion, a Compound Annual Growth Rate (CAGR) of 96.4%. That is, the highest CAGR and forecasted growth amongst any blockchain-related industry.

The study suggested that the U.S. will lead the blockchain in retail market in the years to come, as the government has acknowledged blockchain technology as an important component of its innovation economy. Leading software-as-a-service (SaaS) providers have also started to offer blockchain-related solutions to conglomerates.

“Retailers have recognized the blockchain technology’s potential for the efficiency of supply chain systems and started adopting the technology to develop business applications. Moreover, the US government is exploring the blockchain technology to boost the innovation economy.”

For retail, a blockchain network that is able to handle at least 50,000 transactions per second is required to facilitate large supply chains that support merchants.

The researchers said that major blockchain vendors including IBM, SAP, Microsoft, Amazon Web Services (AWS), Bitfury, Auxesis Group, Cegeka, BTL, Guardtime, Loyyal, and BigchainDB are actively developing business applications of the blockchain.

Blockchain in finance: $3 trillion

The offshore banking market, which is mostly dominated by financial institutions and banks that oversee savings accounts for high profile retail traders and institutional investors, is estimated to be valued at around $32 trillion.

Coinbase alum and crypto investment firm 1Confirmation founder Nick Tomaino stated during an interview that based on speculation alone, the blockchain in finance market could achieve several trillion dollars in valuation.

“I see investing and speculating as adoption. I think it is possible that crypto gets from $200 billion to several trillion on just that [speculation]. From my perspective, what I’m seeing globally in terms of viewing this new investable asset class I think that’s possible.”

Most banks that operate in the offshore banking sector generate profit from transaction fees that occur when processing large transactions. For a transaction that surpasses $1 million, even on Transferwise, a platform that eliminates hidden bank fees, it costs over $7,500 to process it.

If the blockchain disrupts the global financial system, it is highly likely that the technology significantly impacts the offshore banking market by providing decentralized alternatives to investors that need to transfer value.

On October 16, a Bitcoin investor sent 29,999 BTC, the largest BTC transaction in recent months worth about $194 million, with a $0.01 fee. Given that it costs around 1 percent of the transaction to clear a $1 million payment in fiat currency, to send a $194 million transaction could easily cost hundreds of thousands of dollars with legacy systems.

As such, Alibaba chairman Jack Ma said in a recent speech that Alibaba is closely studying blockchain technology to ensure that a cashless society in which everyone is inclusive can be established.

“I pay special attention to cashless society and blockchain technology. Mine and Alibaba’s job is we will move the world into a cashless society. The society can make everybody equal, inclusive to get the money they need, make sure it is sustainable, and is transparent. I hate corruption. I don’t have opportunity is ok. But I don’t want somebody through a dirty way take away my opportunity. This is why we want a cashless society.”

There exists several public blockchain projects, such as Ripple and Stellar, that are working with banks and payment service providers to leverage the blockchain as a base layer to process payments.

Chain, which was acquired by Stellar to create Interstellar, collaborated with Visa to implement the blockchain prior to its deal with Stellar. Ripple has secured a partnership with Banco Santander to process payments on its mobile application with the Ripple blockchain network.

If some public blockchain networks can secure a fraction of the market share of the offshore banking sector and traditional stores of value like gold, then a multi-trillion blockchain market in finance could be achieved.

So far, blockchain in retail is predicted to be the biggest market for the new technology by 2023 at $2.3 billion. With analysts expecting blockchain technology in agriculture to be worth $430 million, and $500 million in manufacturing, a rapid growth of the technology has been foreseen.

Blockchain in energy and insurance are also predicted by MarketsandMarkets to grow to $7 billion and $1,4 billion respectively by the end of 2023, at a compound annual growth rate of 84.9 percent.

The $7 billion growth target of the blockchain in energy industry assumes exponential development will continuously be made in the blockchain in energy market, which remains uncertain at the current phase of growth.

Source: https://cointelegraph.com/news/use-of-blockchain-in-major-industries-by-numbers-retail-manufacturing-finance-and-others

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PyroGenesis $PYR.ca Announces Can$745,000 Plasma Torch System Contract with European Entity $LMT $RTN $NOC $UTX $HPQ.ca $DDD.ca $SSYS $PRLB

Posted by AGORACOM-JC at 8:40 AM on Tuesday, October 23rd, 2018

Pyr header 1

  • Announced today that it has been awarded a plasma torch equipment contract from a European entity, the name and origin of which is not disclosed for competitive reasons
  • This contract, with a value of €497,000 (Can$ 745,000) will require PyroGenesis to manufacture and deliver a plasma torch system to test certain novel concepts

MONTREAL, Oct. 23, 2018 — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR), a TSX Venture 50® high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) a Company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, announces today that it has been awarded a plasma torch equipment contract from a European entity (the “Client”), the name and origin of which is not disclosed for competitive reasons.

This contract, with a value of €497,000 (Can$ 745,000) will require PyroGenesis to manufacture and deliver a plasma torch system to test certain novel concepts.

“Final delivery is scheduled for Q2-2019,” said Mr. Massimo Dattilo, Vice President, Sales of PyroGenesis. “The Client will test certain novel concepts which will complement the Company’s strategy of developing cutting edge technologies and continue to produce game-changing processes. PyroGenesis shall have access and the right to use, on a worldwide, royalty free basis, any development or Intellectual Property (“IP”) arising from the work done by the Client, together with a right of first refusal on all future IP developed by the Client.”

“Extending our relationships with cutting-edge centers around the world fits well with our strategy to be the best plasma company in the world,” said Mr. Pierre Carabin, Chief Technology Officer and Chief Strategist of PyroGenesis. “By entering into such relationships, we leverage off of other people’s facilities/expertise and, as such, accelerate our growth.”

“PyroGenesis has one of the largest, if not the largest, concentrations of plasma expertise under one roof, and over the last two decades, we have successfully developed and commercialized plasma-based processes across several well-chosen industries,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “This contract underscores the significant advantages in PyroGenesis offerings: the fact that plasma torches and plasma-based systems are our core competency.”

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a TSX Venture 50® high-tech company, is the world leader in the design, development, manufacture and commercialization of advanced plasma processes. We provide engineering and manufacturing expertise, cutting-edge contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, advanced materials (including 3D printing), oil & gas, and environmental industries. With a team of experienced engineers, scientists and technicians working out of our Montreal office and our 3,800 m2 manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. Our core competencies allow PyroGenesis to lead the way in providing innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. Our operations are ISO 9001:2015 certified, and have been since 1997. PyroGenesis is a publicly-traded Canadian Corporation on the TSX Venture Exchange (Ticker Symbol: PYR) and on the OTCQB Marketplace. For more information, please visit www.pyrogenesis.com

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward- looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Corporation’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Corporation with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Corporation’s ongoing filings with the securities regulatory authorities, which filings can be found at www.sedar.com, or at www.otcmarkets.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to publicly update or revise any forward- looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTCQB accepts responsibility for the adequacy or accuracy of this press release.

SOURCE PyroGenesis Canada Inc.

For further information please contact: Clémence Bertrand-Bourlaud, Marketing Manager/Investor Relations, Phone: (514) 937-0002, E-mail: [email protected]

RELATED LINKS: http://www.pyrogenesis.com/

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Monarques Gold $MQR.ca Partner Probe Metals $PRB.ca Intersects 5.9 g/t Gold over 10.5 Metres on Monique Property $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:31 AM on Tuesday, October 23rd, 2018

  • Numerous new discoveries made during the regional exploration program surrounding the past-producing Monique Mine, five kilometres east of the New Beliveau Resource.
  • Near surface discovery grading 24.8 g/t Au over 2.2 metres within a larger zone of 5.9 g/t over 10.5 metres, located 400 metres northwest of the Former Monique Open Pit.
  • Near-surface discovery grading 20.5 g/t Au over 2.0 metres, located 200 metres north of the Former Monique Open Pit
  • A 350-metre-long gold structure intersected in five holes 50 to 200 metres southwest of the historic A and B gold zones (450-650 metres south of Monique Open Pit), includes near-surface intercepts grading 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres
  • Winter drilling program planned to follow-up on new zones.

MONTREAL, Oct. 23, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to provide new results from Probe Metals Inc. (“Probe”) 2018 drill program on the Monique property (the “Property”) located near Val-d’Or, Quebec. Probe may earn a 60% interest in the Property by spending an aggregate of $2 million on exploration before January 2021. Results from 14 drill holes, totaling 4,783 metres, were received and showed significant new discoveries northwest of the Former Monique open-pit gold mine and southwest of the A and B gold zones (see figure 1). Probe is now preparing for the 2019 winter drill program to follow up on the recent discoveries. Significant drill results are presented below.

“These initial results from drilling by Probe on the Monique gold project demonstrates the value of working with solid partners to develop our non-core projects,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “While these are still early-stage results, we believe that Probe’s technical team has the capacity to make the most of Monique’s strong exploration potential.”

Of the fourteen holes, seven were designed to test a large under-explored area North, West and northwest of the Former Monique Open Pit along the mineralized trend. Best assay results were from hole MO-18-03 at 159 metres depth (down hole), which returned 24.8 g/t Au over 2.2 metres in a larger interval grading 5.9 g/t Au over 10.5 metres. This hole is located 400 metres northwest of the Monique pit and proximal to our 100%-owned property.  Hole MO-18-09 was drilled 200 metres North of the Monique pit and also returned encouraging results with two gold zones intersected at 175 and 373 metres depth (down hole) grading respectively 20.5 g/t Au over 2.0 metres and 2.1 g/t Au over 7.6 metres. The deepest intercept corresponds to the extension of the in-pit gold mineralization 50 metres to the North and the other intercept is possibly the lateral extension of the new gold structure intersected in hole MO-18-03.

Five holes were drilled to test a weak IP anomaly located 50 to 200 metres southwest of the historic A and B gold zones, with all returning significant results between the surface and 130 metres depth. Gold mineralization is associated mainly with felsic dykes cross-cutting mafic volcanics. Holes MO-10-14, 11 and 10 returned the best intercepts grading respectively: 3.8 g/t Au over 7.0 metres, 1.1 g/t Au over 41.2 metres and 2.4 g/t Au over 12.8 metres.

The remaining two holes were drilled 1 kilometre northeast of the Monique pit and tested a lone IP anomaly.  Neither hole returned significant gold values.

Mineralization intersected along the Monique Gold Trend is characterized mainly by sulphide-bearing quartz-carbonate-tourmaline veins and veinlets in mafic to ultramafic rocks or associated with mineralized dioritic or felsic dykes. Gold is generally associated with 1% to 5% finely disseminated pyrite, and visible gold is common. Rock units are generally altered with variable amounts of chlorite, carbonate, sericite and/or silica. Albite and fuschite alteration are locally observed. The orientation of the quartz vein systems is roughly parallel to the stratigraphy and to the deformation zones.

Assay results from selected drill holes are reported in the following table:

Selected drill results from the Monique drilling program1,2

Hole Number From (m) To (m) Length (m) Au (g/t) Area/Host Rock
MO-18-01 125.0 131.0 6.0 2.4 SW of AB / Felsic Dyke
MO-18-02 54.0 62.0 8.0 0.7 NW of OP / UM Rocks
MO-18-03 158.5 169.0 10.5 5.9 NW of OP / UM Rocks
including 162.8 165.0 2.2 24.8 NW of OP / UM Rocks
MO-18-04 360.5 371.0 10.5 2.4 NW of OP / UM Rocks
including 363.0 367.0 4.0 5.0 NW of OP / UM Rocks
MO-18-09 175.0 177.0 2.0 20.5 N of OP / UM Rocks
373.4 381.0 7.6 2.1 N of OP / UM Rocks
MO-18-10 108.0 120.8 12.8 2.4 SW of AB / Felsic Dyke
including 117.2 119.0 1.8 12.3 SW of AB / Felsic Dyke
MO-18-11 86.0 127.2 41.2 1.1 SW of AB / Felsic Dyke
including 91.0 92.0 1.0 22.1 SW of AB / Felsic Dyke
MO-18-12 123.5 130.7 7.2 1.9 SW of AB / Felsic Dyke
MO-18-14 94.0 101.0 7.0 3.8 SW of AB / Felsic Dyke
136.0 145.0 9.0 1.0 SW of AB / Felsic Dyke
(1) All the new analytical results reported in this release and in this table, are presented in core length and uncut. Additional drilling is planned for the immediate area which will enable the true width determination.
(2) Definitions: SW of AB =southwest of the AB zones, NW of OP = Northwest of the Former Monique Open Pit, N of OP = Northwest of the Former Monique Open Pit

About the Monique Property:

The Monique property is located 25 km east of Val-d’Or, in Quebec, and consists of 17 claims and one mining lease covering a total area of 546 hectares in the Louvicourt township. The property hosts a current inferred mineral resource of 107,500 tonnes at a grade of 4.88 g/t for 16,850 ounces of gold. From 2013 to 2015, the Monique open pit mine was in operation and a total of 0.58 Mt of ore was extracted at a grade of 2.5 g/t Au, from the surface to 100 metres depth for a total of 45,694 ounces of gold.

Gold mineralization on the Monique property has been identified in 12 zones, which are generally hosted by one of three deformation zones that cross the property from east to west. Gold mineralization is defined by a network of quartz/tourmaline/carbonate veins and veinlets, with associated disseminated sulphides, in the altered wall rocks.  Gold is frequently observed in the quartz-tourmaline veins.

Qualified Persons

The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, Executive Vice President of Probe, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Quality Control

During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as five promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarques-gold-partner-probe-metals-intersects-5-9-gt-gold-over-10-5-metres-on-monique-property-300735744.html

SOURCE Monarques Gold Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2018/23/c5875.html

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist – Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.comCopyright CNW Group 2018

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#Copper climbs to one-week high on #China demand hopes $LBSR $TMBXF $MIN.ca

Posted by AGORACOM-JC at 11:06 AM on Monday, October 22nd, 2018

  • Copper prices climbed to one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity
  • Benchmark copper on the London Metal Exchange was up 1.2 percent at $6,292 a tonne at 0919 GMT from an earlier $6,331.50 a tonne, the highest since Oct. 15.

Imaduddin October 22, 2018

LONDON: Copper prices climbed to one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity.

Benchmark copper on the London Metal Exchange was up 1.2 percent at $6,292 a tonne at 0919 GMT from an earlier $6,331.50 a tonne, the highest since Oct. 15.

China’s central bank governor said last week it would roll out targeted measures to help ease company financing problems and encourage commercial banks to boost lending to private firms.

“The news from China is encouraging for metals,” said Eugen Weinberg, analyst at Commerzbank. “Measures that add liquidity will help in the short to medium term, but it won’t solve the problem of indebtedness, a problem for some years now.”

CHINA TAX: China’s tax cuts next year could exceed the equivalent of 1 percent of gross domestic product, a central bank adviser said, in a sign policymakers might be considering another round of tax reductions.

GROWTH: China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

DEMAND: China accounts for about half of global copper demand estimated this year at around 24 million tonnes.

China is “multiplying its efforts to support the economy, and in particular, the infrastructure sector amid domestic and international headwinds,” such as the trade war with the United States and high debt levels, Fitch Solutions said in a note.

The country’s demand for copper, an economic bellwether, “will improve over the coming months as property completions and grid investment picks up and demand from the autos and consumer sectors remain buoyant,” added the research house.

TECHNICALS: Strong upside resistance for copper is at the 100-day moving average, currently at around $6,320 and support is at $6,115, the 55-day moving average.

STOCKS: Traders say significantly higher copper prices in China could encourage further outflows from LME approved warehouses to those monitored by the Shanghai Futures Exchange.

LME copper stocks at 154,225 tonnes have tumbled 27 percent since Sept. 24, while those in ShFE warehouses are up about 27 percent over the same period to 140,789 tonnes.

PRICES: Aluminium was up 1.2 percent at $2,028, zinc  gained 1.3 percent to $2,660, lead added 1.4 percent to $2,020, tin rose 0.1 percent to $19,190 and nickel was up 1.4 percent to $12,615 a tonne.

Source: https://www.brecorder.com/2018/10/22/448516/copper-climbs-to-one-week-high-on-china-demand-hopes/

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