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
Base metals were mostly higher at the close of trading on Thursday December 13 amid softening tension between the United States and China.Worries that the trade war between the US and China will only escalate in 2019 have softened in recent weeks, boosting base metals' prospects. "More positive steps from China on trade seem to be easing some of the concerns in the market, although traders are pro...Read More
China's hot-rolled coil prices continued to rise on Thursday December 13 on strong gains in the futures market.DomesticEastern China (Shanghai): 3,770-3,800 yuan ($547-552) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, up 20 yuan per tonneA Hangzhou-based source told Fastmarkets MB that a few traders bought HRC from the spot market on seeing the surge in t...Read More
Anglo American Platinum on Thursday said it expects a 20 percent increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance.Last year the world's largest platinum producer reported headline earnings of 3.9 billion rand ($277 million), or headline earnings per share of 1,482 cents.($1 = 14.0805 rand)(Reporting by Nqobile Dludla; Editing by Ra...Read More
China's domestic rebar prices were mixed on Thursday December 13, with those in east of the countryflat but those in the north up. Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($549-555) per tonne, unchangedNorthern China (Beijing): 3,510-3,540 yuan per tonne, up 20 yuan per tonneStockists in eastern China were forced to keep their prices flat despite a rise in the futures market as they ac...Read More
While tensions between China and the United States have eased amid a temporary 90-day truce, US minor metals importers are still sitting on heavy inventories after they increased imports ahead of a proposed 10% tariff that never appeared.Suppliers moved large amounts of indium and other minor metals into the US due to their concerns about the US-Sino trade war, Fastmarkets MB reported in late Augu...Read More
Fastmarkets highlights six key things we learned from the 2018 Chinese Minor Metals Forum that took place in in Kunming, China, on November 27-28. Bearish fundamentals dominate domestic gallium market Environmental inspections that resulted in cuts to Chinese alumina production in the first half of this year tightened supply of gallium and caused gallium prices to rise, Xiong Tian, strategic sourc...Read More
Import prices for stainless steel in East Asia declined over the past week, resuming a previous downtrend amid sluggish trading activity, soft demand and lower offers from suppliers trying to secure more orders.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,900-1,970 per tonne cif for the week ended Wednesday December 12, down $10-20 per...Read More
China's domestic stainless steel prices dropped slightly over the past week due to muted demand and bearish sentiment among buyers despite an agreement between the country and the United States to a 90-day truce to their trade war.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,062-2,149) per tonne including VAT...Read More
Kirkland Lake Gold (TSX: KL; NYSE; KL) has drilled high grade and visible gold mineralization on the down plunge extensions of the Swan zone at its Fosterville gold mine in Victoria, Australia.The company says results from 47 new drill holes, totaling more than 17,000 metres of underground drilling outside the current measured and indicated Swan resource, are confirming its geological model. It h...Read More
Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month the company's head of project evaluation, Rod Quick, stated that manage...Read More
Shares of ATAC Resources (TSXV: ATC) plunged 25% on news that Barrick Gold (TSX: ABX; NYSE: ABX) is terminating its earn-in joint venture on the junior's Orion project, part of its 100%-owned Rackla gold property in the Yukon.Barrick declined a request for comment on the decision, but in an investor day presentation last month, the company's head of project evaluation, Rod Quick, stated that m...Read More
Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region.Miners including BHP Billiton, Glencore , Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port.Protracte...Read More
Cuba's nickel plus cobalt sulfide production will top 50,000 tonnes this year and earnings are up over 2017, the head of the country's state monopoly Cubaniquel was quoted by local media as stating on Wednesday.Nickel is one of the cash-strapped Communist-run country's most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.The country was...Read More
Vancouver-based exploration company Delrey Metals (CSE:DLRY) has entered into a share purchase agreement with WEM Western Energy Metals to acquire all the issued and outstanding share capital of WEM.WEM owns a 100% undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie vanadium properties in British Columbia. The properties cover a total area of 2,714 hectares an...Read More
Detour Gold Corp shareholders voted for five nominees of Paulson and Co and removed the interim CEO and Chairman, among others, from the nine-member board, the hedge fund said on Thursday, ending a months-long proxy fight.Paulson, who owns about 6 percent stake in the gold miner, had nominated eight members to the board. The company "unsuccessfully tried to boost short-term performance".The hedge...Read More
Let us take away all the holiday tension, worries, and in-laws this season with a much deserved Whistler getaway in our 12 Days of Giveaways!Read full newsRead More
If you're looking to step up your Instagram game, you're in luck. London Drugs is giving away a Sony a6300 in our 12 Days of Giveaways!Read full newsRead More
If you're stuck on options of what to do this New Year's Eve, or Vegas is slightly out of your price range, don't worry - Casinos BC have you covered.Read full newsRead More
Cactus Club Cafe is giving away a $300 gift card, so you can go in and enjoy some of their fresh, locally sourced cuisine.Read full newsRead More
The drop is rather unprecedented considering the current economic backdrop suggests unemployment across Canada has plunged to a 42 year low.Read full newsRead More