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
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 point in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for weekly Jobless Claims was 220,000 versus a revised 219,000 last week. Actual was 213,000. Consensus for July Producer Prices was an increase of 0.2% versus a gain of 0.1% in June. Actual...Read More
Today on our podcast we spoke with Lex Sokolin, partner and global director of fintech strategy at Autonomous Research, to discuss their latest 126-page report, #CRYPTO UTOPIA, looking at the "$20 billion Cambrian explosion" in cryptocurrencies, blockchain technology, and the emerging infrastructure to support, as he says, a "new type of internet" being built right under our noses.Though the...Read More
Round and round it goes, and where it stops, nobody knows...China announced plans yesterday to impose 25% tariffs on an additional $16 billion worth of U.S. products.The imposts enter effect on Aug. 23 - the precise date when the United States imposes its own 25% tariffs on $16 billion in Chinese goods.The Chinese government claims it was “forced to retaliate.”And at a perfect one for...Read More
In the Fed's July report to Congress, Jerome Powell unleashed what was likely the most important statement to the Trump administration. Powell said that interest rate hikes, which had been forecast to include two more hikes this year, would be executed at a gradual pace 'for now.'Those two coded words are very important.The biggest banks on Wall Street will likely view those two words alone to mea...Read More
China's domestic rebar prices remained on a downward trend on Thursday August 9, with little trading activity apparent in the market....Read More
China's hot-rolled coil prices fell on Thursday August 9, dragged down by low demand....Read More
"Experience keeps a dear school," said Ben Franklin, "but fools will learn in no other."The wise man remembers. The fool forgets.The wise man listens. The fool talks.He ignores both the living and the dead... the immemorial dead, whose whispers carry the distilled wisdom of history.No - this time is different, comes the fool's eternal cry.The past is of no use to me.Rising economic interdependence...Read More
Are you ready for a huge, high-conviction investment bet that one of the best hedge fund managers of the past 20 years just made?I don’t know why I asked, I can’t hear what your answer is anyway!I’ll get straight to the point.The hedge fund manager that I’m talking about is Monish Pabrai. And the high conviction investment bet that Pabrai just made is on... India.That’...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday August 9*...Read More
Three-month base metals prices on the London Metal Exchange were positively higher in the morning of Thursday August 9, with the complex up an average of 0.4%. Leading the gains was LME copper, up 1.1%, followed by tin (+0.5%), lead and zinc (both up 0.4%). Meanwhile, aluminium is up 0.1%, consolidating after yesterday's strong surge of 3.2% amid industrial action at Alcoa's Pinjarra alumina refin...Read More
Chinese cobalt sulfate prices continued to edge lower, although the pace of has declined slowed as spot prices have fallen to below production costs. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 9.Check Metal Bulletin's live futures report here.LME snapshot at 0137 London timeLatest 3M LME Prices Price ($/t) Change since yesterday's close ($)Copper6,171.50-1.5Aluminium2,130.5024.5Lead2,1402.5Zinc2,597-15Tin19515115Nickel13,950-100SHFE snapshot at 0937 S...Read More
Chinese cobalt sulfate trade log including business, bids and offers reported to Metal Bulletin....Read More
Import prices for stainless steel in East Asia kept largely steady over the past week, amid stable domestic demand in China and tepid regional demand....Read More
China's domestic stainless steel prices were unchanged over the past week amid weak demand....Read More
Materials informatics is the next frontier of materials science, taking computational and machine learning tools and applying them to characterizing and discovering materials.A group of Colorado School of Mines students spent their summer getting a hands-on introduction to the burgeoning field, thanks to a newly expanded fellowship program.The Citrine NextGen Fellowship, with additional support fr...Read More
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mid-tier to junior precious metal companies, by market capitalization:1. COEUR MININGMarket cap: US$1.5 billionA drill site at Northern Empire Resources' flagship Sterling gold project in Nevada. Photo by Richard Quarisa.Chicago-based Coeur Mining (NYSE: CDE) comes in at the top of our list. In a friendly bid in early Au...Read More
VANCOUVER - Nevsun Resources' (TSX: NSU; NYSE-AM: NSU) board is unanimously recommending shareholders reject Lundin Mining's (TSX: LUN; US-OTC: LUNMF) bid to buy all of Nevsun's shares at $4.75 per share, the company reported on Aug. 9. The formal recommendation made on Aug. 9 is the company's latest attempt to fend off a hostile takeover by Lundin. In May, Nevsun rejected an unsolicited bid by...Read More
Rubicon Minerals (TSX: RMX; US-OTC: RBYCF) has begun processing between 25,000 and 30,000 tonnes of mineralized bulk sample taken from the F2 deposit at its Phoenix gold project near Red Lake, Ontario.It expects to finish processing the bulk sample in 2018's third quarter and reconcile a new block model in the fourth quarter.The company has spent the past several weeks getting its 1,250 tonnes per...Read More
Precious metals miner Hecla Mining (NYSE: HL) has posted a second quarter profit of US$11.9 million on sales revenue of US$147.3 million, powered in large part by a significant decline in silver cash costs.This compares to a loss of US$24.1 million on sales revenue of US$134.2 million during the second quarter of 2017.Hecla says the improved financial performance in the quarter was the result of a...Read More