Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
ElementUS, a joint venture to extract rare earth elements and minerals from bauxite residue, has received a financing inducement from the US state of Louisiana that will take it a step closer to constructing its facility there.The company is owned by DADA Holdings LLC, the principal owner of New Day Aluminum, and Canada-based green technologies firm Enervoxa. It plans to build a 1-million-tonne-pe...Read More
An overview of the chrome ore and alloy markets on Tuesday March 9 and their latest price moves.China Domestic spot ferro-chrome prices nudged downward on sluggish buying activity from downstream, amid weakened stainless steel prices. Meanwhile, suppliers that had previously held back from the spot market were willing to sell when March tender prices were seen higher than February's. This was the...Read More
Meanwhile the renewed buzz around battery metals continues, as evidenced by SPC Nickel's 150% rise on its TSX Venture Exchange debut yesterday.Gold's slide takes it back to about the same point as 12 months ago, before it slumped further towards $1,471/oz in the March COVID-19 market sell-off, then soared to an all-time high above $2,000/oz in August.Emerging markets stocks were also coming under...Read More
Here are five Fastmarkets stories you might have missed on Tuesday March 9 that are worth another look.Canada's coking coal exports to China increased by a fifth in 2020 amid a "verbal ban" imposed by Chinese authorities on cargoes from Australia late last year.Trafigura's warehousing and...Read More
Vancouver, BC - Karus Gold Corp ("Karus Gold" or "Karus") is pleased to announce the appointment of Mr. Andrew Kaip as President and CEO effective immediately. As CEO, Mr. Kaip has also been appointed to the Board of Directors. Karus has also appointed Mr. David Whittle as Director and Chairman of the Audit Committee.Karus founder and Executive Chairman, James Hynes, commented "On behalf of Karu...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company"), Canada's leading free-to-play mobile game group, announces that the company has entered into a non-binding letter of intent (the "LOI") to acquire Truly Social Games ("TSG"), an innovative developer and publisher of mobile games headquartered in Vancouver, B.C., Canada.TSG was founded in 2015 by Cooper DuBois and Patrick Touga...Read More
Vice-president of research Rohit Savant, who said in December he thought portents for continuing elevated gold prices were good - translating into a plus-7% average higher price in 2021 versus 2020 -Read More
Vancouver, BC - Ovation Science Inc. (CSE: OVAT | OTCQB: OVATF) ("Ovation" or the "Company"), a topical and transdermal cannabis product development company with a patented skin delivery technology and backed by over twenty years of research and development, reports that sales in January 2021 through its licensee in Nevada outperformed the previous month (December 2020) by over 70%. January sale...Read More
Vancouver, BC March 9, 2021 - KORE Mining Ltd. (TSXV: KORE | OTCQX: KOREF) ("KORE" or the "Company") is pleased to announce that, due to the success of its target generation work, the Company has launched multiple new field programs to systematically explore the Mesquite-Imperial-Picacho gold district ("District"), part of the Imperial Gold project ("Imperial"). The new programs will continue to...Read More
Chinese battery materials producer Xiamen Tungsten will temporarily suspend its lithium cobalt oxide (LCO) operations in late April, a source from the company told Fastmarkets on March 9.The suspension at Xiamen Tungsten's LCO battery material operation in Sanming City, Fujian province, will last over 10 days starting from late April...Read More
Hambro said ESG determining the cost of capital was playing out at rapid speed and marked a fundamental shift in capital markets, with capital leaning towards companies seen as compliant through anRead More
Prime scrap grades in Mexico's main ferrous scrap markets registered gains in the week ended Friday March 5, while the secondary grades were stable, with buyers' and sellers' price pressure increasing again.Scrap sellers were heard raising busheling prices in both markets due to low availability of the material, following recent price cuts heard in late February. Most sellers a...Read More
Turkish steel producers continued to book deep-sea scrap cargoes for April shipment, with prices making a downward correction amid increased supplies, sources told Fastmarkets on Tuesday March 9.A steel mill in the Izmir region booked a US cargo, comprising 18,000 tonnes of shredded and 12,000 tonnes of bonus at an average price of $467 per tonne on Saturday March 6.The same mill, then, booked ano...Read More
Base metals prices on both the London Metal Exchange and the Shanghai Futures Exchange were mixed this morning, Tuesday March 9, with prices generally consolidating after recent weakness, while there are cross currents in the form of bond yields, stimulus and inflation expectations affecting sentiment. Brent crude oil prices dip back below $70 per barrel after Monday's move above $71 per barrelInf...Read More
Chinese lithium producer Ganfeng Lithium and wholly owned subsidiary Qinghai Liangcheng Mining will hold 49% of the Minmetals Salt Lake project following conclusion of a 1.47-billion-yuan ($226.07-million) deal to buy Yili Hongda, the company said on Monday March 8.Ganfeng and Qinghai Liangcheng Mining will acquire 100% of the shares in Yili Hongda currently held by Citic Securities, Tibet Hongda...Read More
More than a year after the Covid-19 pandemic began, investors' appetite in the battery raw materials sector has increased, moving away from precious metals such as gold, but it has yet to be seen if that interest will result in more supply, participants in a Fastmarkets webinar heard on Thursday March 4."What is an interesting dynamic is that, when Covid-19 came in, everyone looked to gold when cu...Read More
Chinese battery materials producer Xiamen Tungsten will temporarily suspend its lithium cobalt oxide (LCO) operations in late April, a source from the company told Fastmarkets on March 9.The suspension at Xiamen Tungsten's LCO battery material operation in Sanming City, Fujian province, will last over 10 days starting from late April...Read More
Star Royalties Ltd. is a growth-oriented, precious metals-focused royalty and streaming company. We learned from Alex Pernin, P.Geo., Chief Executive Officer and Director of Star Royalties, that the three points that differentiate his Company are: their strong and capable Team, their differentiated business model of generating wealth creation through accretive royalty and streaming transaction str...Read More
Endurance Gold Corporation (EDG -- TSX.V) is a project generator, focused on the acquisition, exploration and development of highly prospective North American mineral properties, with the potential to develop world-class deposits. Endurance Gold owns two drill-ready, gold exploration projects in top-ranked jurisdictions: the fully permitted, high-grade Reliance Gold Project, located in the histori...Read More
Wall Street is known for its animal lore: "Bulls make money, bears make money, and pigs get slaughtered" is the hoary old saying.Recently, financial writer Jason Zweig suggested we add the "bonasus."I second this motion wholeheartedly. And to be honest, I had to look up the beast myself.According to Pliny the Elder in his Naturalis Historia:There are reports of a wild animal in Paionia called the...Read More