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
Three-month base metals prices on the London Metal Exchange were firmer across the board this morning, Tuesday January 15, with prices up by an average of 0.3%. Bargain hunting stepped in to take advantage of Monday’s price weakness and markets received a confidence boost after China cut some taxes. The three-month copper price on the LME was up by 0.4% at $5,934 per tonne, nickel and le...Read More
Prices in the seaborne hard coking coal market continued to descend on Tuesday January 15, with participants on the fence about whether they have bottomed out.Two cargoes of premium hard coking coal with laycan set for February and March respectively were traded around $189-190 per tonne cfr China, various sources told Fastmarkets."At this level, it is difficult for prices to go up or down further...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 1 point in pre-opening trade. Index futures were supported by a 34.58 point gain by the Shanghai Composite Index to 2,570.34 following a pledge by the Chinese government to lower tax rates. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for December Producer Price In...Read More
China's ferrous futures fell across the board during morning trading on Tuesday January 15 apart from the coke contract, which ended the session slightly higher.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,523 yuan ($521) per tonne, down 27 yuan per tonneMay hot rolled coil: 3,411 yuan per tonne, down 27 yuan per tonne Dalian Commodity Exchange May iron ore: 509....Read More
China's hot-rolled coil prices dropped on Tuesday January 15 on declining futures, though exporters maintained their high offers amid a stronger yuan.DomesticEastern China (Shanghai): 3,620-3,640 yuan ($535-538) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, down 30 yuan per tonnePrices in the spot market dropped after a weakening of the futures market durin...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday January 11.China ?EUR? The price for exported grade-553 silicon in China was unchanged for a sixth consecutive week amid thin inquiries.?EUR? Some Chinese exporters had raised their offer prices due to the strengthening of the yuan against the dollar, but no deals were concluded in the week ended Jan...Read More
UG2 chrome ore prices showed signs of improvement for the first time since October due to strengthening currencies in the week ended Friday January 11. UG2 prices tick up for the first time since OctoberChinese domestic ferro-chrome stalls, charge chrome inches lowerAlloy prices flat in Japan, South KoreaEuropean alloy prices under pressure UG2 chrome ore prices edged higher on Friday due to the...Read More
In China, the falling alloy market weighed on manganese ore prices, especially for lower-grade material, in the week ended Friday January 11, while the silico-manganese price in India increased. Price of 37% manganese ore, fob, falls by 35 cents per dmtuOre and alloy prices weaken in ChinaSilico-manganese price moves up in India, down in USAlloy prices in Europe unmoved78% FeMn market in US ticks...Read More
The new year continues to be a fascinating one in the global mining industry, with the unveiling on Jan. 14 of Newmont Mining's blockbuster US$10-billion deal to acquire Goldcorp, and regain top spot from Barrick Gold among global gold miners.Barrick had entered 2019 on a roll, having completed its own US$5.4-billion acquisition of Randgold Resources in a kind of reverse takeover at the management...Read More
After spending 17 years with Newmont Mining as a senior exploration geologist, and being transferred twice in the same year (1997), I decided it was time to strike out and do something new.As fate would have it, later that year I landed a most interesting job with a privately funded, start-up mining and energy exploration company.The company was owned by Mr. Mohamed Al Fayed, a wealthy Egyptian bu...Read More
Gold prices rose 0.2% to close the trading week at US$1,286.80, while the Philadelphia Gold and Silver Index fell 0.2% to close at 71.71. The Dow Jones Industrial Average rose 2.4% to 23,995.95 and the S&P 500 Index rose 2.5% to 2,596.26. Shares of Hecla Mining rose 5% to US$2.71. The company announced its 2018 production results, tallying 10.4 million oz. silver and 263,103 oz. gold. While Hecla'...Read More
After a jittery year-end, investors jumped back into stocks on the Toronto Stock Exchange during the first full week of trading in 2019, pushing the S&P/TSX Index up 512.4 points - or 3.6% over the trading period - to 14,939.20 on Jan. 11. The volume leader was Barrick, which dropped $1.03 to $16.52, as it began the year trading as the new merged entity, incorporating Randgold Resources' gold asse...Read More
Shares of Cobalt 27 Capital rose 26 ? to $4.44. In January 2019, the company bought Westgold Resources' royalty on the Mount Marion lithium mine in Western Australia for $240,400, plus 200 tonnes of physical cobalt. The royalty consist of 1.5% gross revenues and A$2 per tonne of ore mined from part of Mount Marion. The mine is a joint venture between Jiangxi Ganfeng Lithium, Mineral Resources and...Read More
Canada's IDM Mining (TSX-V:IDM), which is in the process of being absorbed by fellow miner Ascot Resources (TSX-V:AOT), can now start building its flagship Red Mountain gold and silver mine near Stewart, British Columbia, as it has received the federal government's environmental approval.Environment and Climate Change Minister Catherine McKenna said late on Monday that the proposed mine was not...Read More
Electric cars are better for the environment than traditional gasoline models, and that benefit will grow as power generators shift away from coal.That's the conclusion of research by BloombergNEF, which found carbon dioxide emissions from battery-powered vehicles were about 40 percent lower than for internal combustion engines last year. The difference was biggest in Britain and the U.K., which h...Read More
Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2,000 Zambian villagers should be heard in Zambia not London.India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is appealing a lower court ruling that a case in which villagers alleged their land was polluted by a Vedanta unit...Read More
"The Newmont-Goldcorp tie-up is the latest step in #Canada'sRead full newsRead More
Piss poor performance for conference host Mr. Katusa considering he charges $3495 USD a year for his subscription service. All three of his picks mentioned at the show were significantly in the red...Read full newsRead More
"Currently have investments in 5 companies presenting at @Cambridge #VRIC2019 #VRIC19. Will be doing research at the show looking for updates and new investments. If you can guess 3 out of the 5 companies. I will send you a free copy of our e-book https://t.co/ydYKHPHFNc"Read full newsRead More
Almost nobody, including May herself, expects it to pass. In fact, most analysts expect the deal to be defeated by a wide margin of at least 150 votes...Read full newsRead More