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
It was my son Hank's ninth birthday yesterday, so he celebrated like any boy his age would: by interviewing a two-time Presidential candidate about the current election.This is Hank's first major election. He was far younger and had no interest in politics in 2016 (Make America Young Again!). Hank insisted that we watch the election results together and it was encouraging to see him so involved in...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Thursday November 12, with lead being the star performer and the rest of the complex showing smaller gains.The three-month price for the heavy metal showed a 1.3% increase from its closing price on Wednesday, to $1,899 per tonne on Thursday.Stock levels dipped by a further 300 tonnes on Thursday to 113,05...Read More
The London Metal Exchange's latest off-warrant stock data showed a net rise of 123,871 tonnes of material held outside the LME network over September, a rise of 7.3% from the prior month with aluminium stockpiles accounting for just under 87% of the total. Copper inventories made a marked descent after incremental rises over the summer. The data, released on Monday November 10, reported stock lev...Read More
McClellan Financial Publications, IncPosted Nov 12, 2020Nov 5, 2020A peak in global average temperatures in 2015-16 is foretelling a bottom for long-term bond yields.But to understand that point, I need to explain this week’s chart.It shows an inverted plot of Moody’s Aaa corporate bond yield, with proxy data for the years before Moody’s began that series in 1919.Also in that cha...Read More
The US investment firm, which is lead underwriter and sole book-runner on the deal, will purchase more than 27.7 million shares, at US$0.83 per share. Cantor Fitzgerald has an over-allotment option to purchase up to an additional 4.2 million shares at the same price up to 30 days after the offering closes on November 17, which could raise an additional US$3.5 million. Taseko...Read More
The Montreal-headquartered company took advantage of a higher iron price environment amid strong fundamentals to secure a doubling of its credit facility to US$400 million. Champion says it represents a conservative financial solution to fund the buildout that will double output to 15 million tonnes per annum over the next 18 months.The company said Thursday given its $425.8 million cash on hand i...Read More
Greenland-centerd commodity developer Bluejay Mining on November 10 announced a deal giving global mining group Rio Tinto the option to buy into its Enonkoski junior nickel project in Finland.Rio Tinto has the option to acquire up to 75% of the Enonkoski project before the end of this decade, with an investment of as much as $20 million.Stage one of the scheme would allow Rio Tinto to take on 51%...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") today announced activation and initial client use of a Venzee Mesh Connector?,,? for MercadoLibre (NASDAQ: MELI) - a leading e-commerce destination for consumers across 18 Latin American countries.Using the Venzee platform, brands and manufacturers set up a single digital connection that allows selection of an u...Read More
Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.The combination of fewer vessels on the water, an imbalance in trade flows to and from China and competition between cargoes has kickstarted a rapid increase in shipping costs, making it harder for sellers...Read More
Key data from Fastmarkets' pricing session in Shanghai on Thursday November 12.Key drivers Increased supply from Aluminum Corp of China's (Chalco) Huasheng alumina refinery put additional downward pressure on prices in an already weak market. China's alumina market has been oversupplied since July, while...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More
In the closing session of this year's International Ferroalloys, which was held virtually November 9-11, Fleur Ritzema, global minors, ores and alloys editor at Fastmarkets, and Fastmarkets' analysts Amy Bennett and Robert Cartman summed up the key market drivers for the rest of 2020 and beyond. Steel Financial stimulus from China could provide an enormous boost to its domestic consumption - espec...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More
Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.The combination of fewer vessels on the water, an imbalance in trade flows to and from China and competition between cargoes has kickstarted a rapid increase in shipping costs, making it harder for sellers...Read More
Share this article MONTREAL - Champion Iron Ltd. says it will move ahead with an expansion of its Bloom Lake open pit mining complex in northeastern Quebec that is expected to double capacity and create 375 new permanent jobs.The company says the project will take capacity to 15 million tonnes of iron ore per year.It has approved spending about $512.6 million to complete the project over the next...Read More
Check out this headline...If you're a regular reader of these pages, such a thing shouldn't surprise you.While we've been more than happy to help you profit from a wide variety of oil, gas, and coal stocks over the years, we've also warned you that this was coming.In fact, as far back as 2006, I was predicting a renewable energy growth trajectory that would make wind and solar the largest sources...Read More
In the closing session of this year's International Ferroalloys, which was held virtually November 9-11, Fleur Ritzema, global minors, ores and alloys editor at Fastmarkets, and Fastmarkets' analysts Amy Bennett and Robert Cartman summed up the key market drivers for the rest of 2020 and beyond. Steel Financial stimulus from China could provide an enormous boost to its domestic consumption - espec...Read More
Cobalt hydroxide payables narrowed upward during the first half of this week with lower numbers fading while buyers continued to stock up. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China tightened to 79.5-81% of the price for cobalt standard grade on Wednesday November 11, from 79-81% on November 6. "Buyers are finally squaring up to the idea, especially for long-term contra...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More