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
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) (the "Company" or "IsoEnergy"), is pleased to announce that it has completed its previously announced private placement on a "bought deal" basis for total gross proceeds of approximately $5.5 million, an increase over the originally announced $4.5 million base deal due to strong demand for the Offering (as defined herein).The Company has...Read More
Chinese customs officials continue to clamp down on antimony smuggling, with more material seized and more arrests made this week, Fastmarkets understands. Two suspects were arrested and 20 tonnes of antimony ingot seized on Wednesday December 19 amid China's latest efforts to stop the illegal movement of goods via the China-Vietnam border, sources familiar with the matter told Fastmarkets MB on T...Read More
China Molybdenum's acquisition of trading house IXM is central to the company's growth strategy for the coming years and it will continue to survey the market for more M&A opportunities, the company told Fastmarkets.The Chinese mining company, which has spent $4.65 billion in the past two years on an acquisition rampage, remains open to buy new assets if the right ones appear."We are looking for m...Read More
CloseGain/LossGold $1261.00+$19.00Silver$14.77+$0.19XAU69.79+4.78%HUI158.49+4.97%GDM576.83+3.08%JSE Gold1344.82-10.71USD96.34-0.72Euro114.57+0.85Yen90.12+0.82Oil$45.88-$2.2910-Year2.804%+0.024T-Bond144.71875-0.3125Dow22859.60-1.99%Nasdaq6528.41-1.65%S&P2467.42-1.58% The Metals: Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it chopped back lower...Read More
Jingle bells have not rung for any investment class towards the close of the year. We all read about heaven and hell on our religious books. In the "Kaalyug" (technological age as per Hindu scriptures), most of the people go to hell as they perform more bad deeds than good deeds. In financial language heaven is profit and hell are investment and trading losses. Most of us go to hell as we incur...Read More
Turkish scrap import prices increased on Thursday December 20 on positive sentiment although no new deals were heard, sources told Fastmarkets MB. Several new bookings were heard on December 18, including a steel producer in the Iskenderun region booking a European cargo comprising 25,000 tonnes of heavy melting scrap (HMS) 1&2 (75:25), 7,000 tonnes of a mixture of bonus and shredded...Read More
Fabrication and evaluation of Si-based anode for Li-ion batteries.MGX said it is financing a research consortium with UBC to develop a low-cost and scalable method for fabricating a silicon-based anode to improve the energy density of lithium-ion batteries.The two-year research program will focus on fabricating nanostructured silicon using low-cost metallurgical silicon as a feedstock, and composi...Read More
The Comex copper price failed to maintain momentum after the US Federal Reserve increased interest rates and signalled a hawkish monetary policy strategy for 2019.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 2.00 cents to $2.69 per lb."Both the Fed's policy statement and Jay Powell's news conference came across as more hawkish than...Read More
The three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Thursday December 20. The exception was aluminium that was up by 0.4% at $1,916 per tonne, while the rest were lower by an average of 0.5%.Copper was down the most with a 1.2% drop to $5,994 per tonne, this after rebounding 1.8% on Tuesday. Today's low at $5,946 per tonne once again breached...Read More
Tim Termuende, President and CEO of Eagle Plains Resources, third from right, takes reporters and mining analysts on a tour of company mineral properties. Source: Eagle Plains Resources Ltd.Rockridge Resources Ltd. [ROCK-TSXV] shares were active Thursday December 20 after the company said the TSX Venture Exchange has approved the company's option agreement to acquire the Knife Lake Copper VMS proj...Read More
As Warren Buffett likes to say, “price you what you pay, value is what you get.” It’s the reason why a $300-per-share stock can be cheap, while a $3 one can be expensive. With that said, there’s something about low-priced stocks that captivates investors’ imaginations. After all, there’s nothing like being able to buy a ton of shares for dirt cheap and having th...Read More
Pikangikum First Nation has been connected to Ontario's electricity grid, bringing a reliable, clean supply of power to the community for the first time.Pikangikum is a remote First Nation community located approximately 100 kilometers northwest of Red Lake. Prior to its connection, it was one of Ontario's largest off-grid First Nation communities, with a population of over 2,500 people. "I'm prou...Read More
A requirement for a higher energy density for new EV battery projects has been removed from the official regulations on automobile industry investment published by the country's National Development and Reform Commission (NDRC) on its website. The energy density threshold was removed from the final version of the regulations on Tuesday December 18 owing to the fact that current technology is not d...Read More
Domestic prices for cold-rolled coil (CRC) in Europe have been largely unchanged over the week, but sentiment in the market remains negative, sources told Fastmarkets.The market has been slow due to the seasonal de-stocking from distributors ahead of the year-end.Market sources believe that although activity will somewhat recover in the first half of January, the demand improvement will not be str...Read More
One of the lasting inventions that has not only survived the test of time but is also still a vital part of modern life is the electric motor.We take it for granted, but we use it every single day, whether it's in common household appliances like the washer and dryer or the heaters and A/C units that are found in our automobiles.In fact, the electric motor is so ubiquitous that you probably don't...Read More
China's hot-rolled coil prices rebounded on Thursday December 20 amid lower inventory, with those in the north posting larger increases on fears of a supply drop.DomesticEastern China (Shanghai): 3,810-3,820 yuan ($552-554) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, up 60-70 yuan per tonneHRC inventory levels in the country fell by around 76,600 tonnes...Read More
Ferrous futures in China fell during morning trading on Thursday December 20, apart from the iron ore contract which posted small gains during the session.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,433 yuan ($498) per tonne, down 13 yuan per tonneMay hot-rolled coil: 3,438 yuan per tonne, down 22 yuan per tonne Dalian Commodity Exchange May iron ore: 490.50 yua...Read More
The latest news and price moves to start the Asian day on Friday December 21.Base metal prices on the London Metal Exchange were mixed at the close of trading on Thursday December 20, with a continued retreat in the United States dollar index failing to spur upward price action amid broadly moderate volumes. Read more in our live futures report.Here are how prices looked at the close of trading:It...Read More
Hilliard MacBeth, author of When the Bubble Bursts, points to something big happening in the Canadian housing market. For real estate flippers and Liberal Party of Canada politicians, that is probably not a good thing. In an exclusive interview with HoweStreet.com available on Canadian Insider, MacBeth alerts Canadians that mortgage growth has fallen to dangerous levels.Based on the most recent m...Read More
The lack of trading activity in the second half of December continued to put pressure on Turkish long steel exporters, and on rebar in particular, which has forced suppliers to further decrease offers.The European Commission's decision to extend safeguard regulations until February 1, 2019 has added more uncertainty into the market, leaving the question of how much rebar will be allowed to be supp...Read More