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
Before I began my business career, my rich dad insisted that I learn to be a real estate investor. At first, I thought he wanted me to invest in real estate simply for the real estate itself. As the years went on and my base of education grew, I came to better understand the bigger picture of the world of investing.Rich dad said, "If you want to be a sophisticated investor, you must train your min...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
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Thursday December 20, with a weaker US dollar index sustaining buying momentum while the potential removal of US sanctions against UC Rusal pressured aluminium to a fresh 2018 low. Reaching an intraday low of $1,905.50 per tonne, aluminium's three-month price fell to its lowest level of the year ami...Read More
Fastmarkets' low-grade cobalt price assessment for Friday December 14 was published later than scheduled due to a technical error. The low-grade cobalt price is correct and now appears as normal in the Fastmarkets MB price book. To provide feedback on this pricing notice or if you would like to provide price information by becoming a data submitter, please contact Charlotte Radford by email at: pr...Read More
Vancouver, British Columbia (December 20, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that step-out diamond drill holes at the Pilar Grande area of the Manto Negro Copper Project in Coahuila State, Mexico continues to intersect copper-silver mineralization. Drilling at the El Granizo site has encountered complex faulting th...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
The latest metal markets news and price moves to start the North American day on Thursday December 20.Base metals prices on the London Metal Exchange were predominantly higher during morning trading, with a weaker dollar index sustaining buying momentum while the potential removal of US sanctions against UC Rusal pressured aluminium to a fresh 2018 low.Reaching an intraday low of $1,905.50 per ton...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
Revised standards for rebar in China have failed to lend continued support to vanadium prices in the country since their introduction in November, primarily due to enforcement of the standards not being as stringent as previously expected, market sources told Fastmarkets.The new rebar policy, effective November 1, 2018, requires Chinese steel mills to eliminate the original 335 megapascals (MPa)-t...Read More
Import prices for stainless steel in East Asia continued on a downward trend over the past week amid the year-end lull.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,860-1,930 per tonne cif for the week ended Wednesday December 19, down $40 per tonne from a week earlier.Fastmarkets MB's import price assessment for 304 stainless trimmed h...Read More
The junior exploration and development scene is still in high gear in North America, with many juniors planning for extensive work programs in 2019 at precious and base metal projects across the Americas. Here is a look at eight such companies.BARKERVILLE GOLD MINESBarkerville Gold Mines (TSXV: BGM; US-OTC: BGMZF) is exploring and developing the historic Cariboo mining district of central British...Read More
A Wisconsin district court has dismissed a lawsuit by the Menominee Indian Tribe of Wisconsin's lawsuit against both the United States Environmental Protection Agency and the U.S. Army Corps of Engineers that alleges they should have presided over Aquila Resources' (TSX: AQA; US-OTC; AQARF) wetlands permit application for its Back Forty Creek polymetallic project in Michigan.The Michigan Departme...Read More
Junior explorer Supreme Metals (TSXV: ABJ) has identified a large magnetic anomaly on its Bloom Lake East property in Labrador, about 2.5 km to the east of Champion Iron Mines' (TSX: CIA) flagship Bloom Lake open-pit mine and mill, near Fermont in Quebec.The 2.5 km long magnetic anomaly, defined in a recent magnetometer survey done by drone, is about 15 km from the Wabush mines of Iron Ore Company...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutDuring 2017, I wrote two ‘From the Capital' columns about ASX-listed Mustang Resources. The first, published on Read More
Weak production growth, steady-to-rising demand, supply deficits and falling inventories pushed prices of palladium up 19% in 2018, after a 51% jump in 2017, Scotiabank economist Rory Johnston concludes in his Dec. 20 Commodity Price Index report.By contrast, cobalt prices were down 24% year-to-date in 2018. That's a sharp reversal from the 127% gain in 2017, which made the metal the best performi...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutNo one likes to be told what to do and I am no exception. All of us are brilliant, we all have superb judgement, we kno...Read More
A Wisconsin district court has dismissed a lawsuit by the Menominee Indian Tribe of Wisconsin's lawsuit against both the United States Environmental Protection Agency and the U.S. Army Corps of Engineers that alleges they should have presided over Aquila Resources' (TSX: AQA; US-OTC; AQARF) wetlands permit application for its Back Forty Creek polymetallic project in Michigan.The Michigan Departm...Read More
More than half of the copper mines in Zambia, Africa's second-biggest producer of the metal, will probably be unprofitable next year with thousands of jobs on the line, as the nation raises taxes for operators, the country's biggest industry lobby group said.The effective tax rate will range from 86 percent to 105 percent, with about 27,900 jobs at risk, the Zambia Chamber of Mines said in a state...Read More
American engineering company Bechtel, ranked #11 on Forbes' America's private company list for 2018, announced this week that it opened the Bechtel Mining & Metals Innovation Center in Chile with the goal of developing new technologies that boost productivity, promote environmental sustainability and improve worker safety for the copper industry.In a press release, Bechtel said that the cente...Read More
Don't listen to what miners say. Look at what they do.That's good advice for working out the long-term direction of commodities prices. Ask mining companies which of their mineral assets will see good long-term demand and they'll naturally answer, "All of them." But a look at spending can give the lie to that rosy outlook - and highlight the times when they're putting their money where their bulli...Read More