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
China's domestic rebar prices dropped on Monday March 15 on destocking pressure despite a strengthening of the futures market.DomesticEastern China (Shanghai): 4,680-4,700 yuan ($720-723) per tonne, down by 20-30 yuan per tonne Tangshan has rolled back its emergency measures to combat heavy pollution.Blast furnaces in the city were producing at an average rate of 79% during the day, up by 3 percen...Read More
Most investors have heard of the GameStop frenzy. GameStop is a brick-and-mortar retail outlet for video games, equipment and accessories.It has long been considered a dying company by Wall Street because it does not have a strong online presence. It seemed to be headed in the same direction as Blockbuster after Netflix arrived with a streaming model for movie rentals to replace Blockbuster’...Read More
Aluminium's London Metal Exchange three-month price rose above $2,200 per tonne in early morning trading on Monday March 15, while the rest of the complex were consolidating from "early March weakness." Aluminium's price was up by 0.9% at $2,191 per tonne at 9am on Monday, having reached as high as $2,204 per tonne during early trading. LME aluminium warehouse data showed 44,725 tonnes of material...Read More
Markets are starting the week mixed with base metals prices and equities in different regions showing divergent performances this morning, Monday March 15. United States 10-year treasuries yields strong at 1.64%, showing risk-onChina's industrial production and retail sales climb more than expected......but unemployment also risesBase metals Three-month base metals prices on the London Metal Excha...Read More
Intense scrutiny of production curbs in China's Tangshan region - its steelmaking hub - kept prices for seaborne iron ore pellets supported in the week ended Friday March 12, though those for concentrate weakened amid falling futures.Fastmarkets iron ore indices65% Fe blast furnace pellet, cfr Qingdao: $227.43 per tonne, up $2.19 per tonne.66% Fe concentrate, cfr Qingdao: $194.84 per tonne, down $...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday March 12. United States Short supply supported the price rally that has now entered its eighth week. Spot demand remains good despite a slowdown in automaking related to a shortage of computer...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More
Key data from Fastmarkets' pricing session on Friday March 12 in Shanghai.Key drivers China's export prices for manganese flake fell amid fewer overseas inquiries, with a majority of consumers remaining on the sidelines after completing...Read More
Key data from Fastmarkets' pricing session in China on Friday March 12.Key drivers Cobalt metal price in China falls amid weak market sentiment following a slump in local futures prices, while spot trading was thin due to buyers' reluctance to accept higher prices.Chinese cobalt tetroxide market was...Read More
The European spot ferro-silicon price resumed a longer-term trend higher during the week to Friday March 12 after a brief pause, with market worries about longer-term supplies prompting higher offers and deals, sources told Fastmarkets.Fastmarkets' price assessment for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe was ?,?1,360-1,450 ($1,625-1,732) per tonne ddp on Friday, up...Read More
Gran Colombia Gold (TSX: GCM) is acquiring Gold X Mining (TSXV: GLDX) in an all-share deal valued at $315 million, after a three-way merger proposal that included Guyana Goldfields was scuttled last year by China's Zijin Mining.The combination of assets - Gran Colombia's producing Segovia operations and Gold X's Toroparu advanced gold project in Guyana - would create a new "Latin American-focused...Read More
Australia-based producer Evolution Mining (ASX: EVN) is acquiring Red Lake-focused gold developer Battle North Gold (TSX: BNAU) in a $343-million, $2.65 a share, all-cash deal. The two companies have entered into a definitive arrangement agreement with Evolution agreeing to acquire all of the Battle North shares outstanding.The $343-million cash offer represents a 46% premium to Battle North's las...Read More
Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalRex ready to rollSPONSOREDrex mineralsDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesNot messing up the environment, being a good corporate citizen and following strong governance values, ar...Read More
Former Xstrata boss Mick Davis' newly founded battery metals investment firm Vision Blue Resources is stepping up efforts to reach the goal of becoming a battery metals giant by launching a US$300 million special-purpose acquisition company.ESM Acquisition Corp. (NYSE: ESM), co-sponsored by Vision Blue Resources and private equity mining investor The Energy and Minerals Group, floated in the U.S....Read More
With a resource estimate for the Berry zone at Marathon Gold's (TSX: MOZ) Valentine gold project underway, the company recently released assay results from its 2021 drilling for seven holes drilled within the 1.5-km target.The latest results included a deeper drillhole assay from the less-explored central portion of Berry that returned 22 metres of 6.57 grams gold per tonne starting at 232 metres....Read More
Sudan is moving forward with plans to reopen a network of mines that at one stage produced a third of the nation's gold and that were until last year linked to the family of the country's most powerful militia leader.The Mining Ministry said on March 15 that it had sent a team from the General Authority for Geological Research to determine how soon the North Darfur mines can resume production.The...Read More
Fortescue Metals Group (ASX: FMG), the world's fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by ten years to 2030, about two decades earlier than its closest rivals BHP, Rio Tinto and Vale.The Australian miner said its subsidiary Fortescue Future Industries (FFI) will be a key enabler of the new target through the development of green electric...Read More
Newmont (TSX: NGT; NYSE: NEM), the world's No. 1 gold miner, is acquiring all the shares it doesn't already own in Canadian explorer GT Gold (TSXV: GTT) in a cash deal valued at about US$311 million ($393 million).The transaction will see the U.S. mining giant buying the remaining 85.1% of common shares of GT Gold it doesn't already have for $3.25 per share in cash. The figure represents a 38%...Read More
First Majestic Silver (TSX: FR; NYSE:AG) is buying the Jerritt Canyon gold mine in Elko County, Nevada, from Sprott Mining for US$470 million in shares and five million share purchase warrants.As part of the deal, Sprott Mining President Eric Sprott will complete a US$30 million private placement investment in First Majestic.The Canadian miner said it had identified opportunities to enhance the mi...Read More