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
An overview of the battery raw materials markets and their price moves from the past week.Read More
* Mnuchin reportedly discussed lifting tariffs on China * Nickel hits two-month peak, zinc at month high (Add more quotes, updates with closing prices)By Maytaal AngelLONDON, Jan 18 (Reuters) - LME copper, nickel and zinc hitmulti-week highs on Friday as base metals gained on signs thetrade dispute between the United States and top metals consumerChina could be easing. The Wall Street Journal repo...Read More
Global ferrous scrap prices moved in varying directions during the working week from Monday January 14 to Friday January 18, with Turkish and Asian import prices going opposite ways.Turkish scrap import prices inched upward due to higher offer prices, while prices in Vietnam continued to weaken due to limited interest and trading. Taiwanese and Indian import prices were stable over the week.Turkey...Read More
Thome, President and CEO of AMEBC.AMEBC (Association for Mineral Exploration British Columbia) is the leading association for the mineral exploration and development sector in British Columbia. The organization represents BC's mineral exploration sector and promotes environmentally responsible mineral development with clear policies, events and tools to support its thousands of members.AMEBC is we...Read More
UK ferrous scrap prices for deliveries in January have dropped by ?15-20 ($19-26) per tonne, depending on grade, due to persistent weakness in export prices to the key destination of Turkey, trade sources told Fastmarkets on Friday January 18.The move followed a uniform price drop of ?20 per tonne in December settlements, after a rollover for two consecutive months.European export prices to trad...Read More
The Friday Market Minute Global stocks hold gains despite confusion over the state of U.S. China trade progress and conflicting reports regarding the Treasury's intention on tariffs.Asia stocks test one-month highs on optimism that trade talks will bear fruit, with Japan leading the charge thanks to improved risk appetite and a weaker yen.Global oil prices jump after OPEC reports the biggest mon...Read More
The processing plant under construction at Lundin Gold's Fruta del Norte mine in Ecuador. Source: Lundin Gold Inc.Sandstorm Gold Ltd. [SSL-TSX, SAND-NYSE American] said Friday January 18 that it has acquired a 0.9% net smelter return royalty interest on precious metals produced from Lundin Gold Inc.'s [LUG-TSX, LUG-OMX] Fruta del Norte mine in Ecuador.Sandstorm said the royalty was acquired form a...Read More
Alloy steel scrap prices were influenced a range of factors in the week ended Friday January 18, including divergent pricing trends for key alloy components, poor demand and changing currency values.The result of this was that scrap price developments have shown mixed fortunes.Demand from mills remained poor and buying mills held the advantage in price negotiations, and this put downward pressure...Read More
The Comex copper price continued to move higher on Friday January 18 ahead of the US public holiday amid a short-covering rally. There is a public holiday in the United States for Martin Luther King Jr day on Monday. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.60 cents to $2.6960 per lb on Friday. "A short-covering rally in LME copper se...Read More
Growing optimism over the outlook for a trade agreement between the United States and China has led to a stronger tone across risk markets, including those for metals.Three-month base metals prices on the London Metal Exchange were for the most part firmer this morning, Friday January 18. The exceptions were tin and lead, with the former down by 0.1% and the latter unchanged. The rest were up by b...Read More
Editor’s note: This story was previously published in September 2018. It has since been republished and updated with new information.The potential to become wealthy often means investing in an enterprise when it is small and waiting for the entity to grow large. For this reason, many investors are willing to take chances on what they believe to be hot penny stocks. Investors in these stocks...Read More
Convicted - Patrick Rosko, President and Director of Marfred Minerals Ltd.Location - Kirkland Lake, Ontario Description of Offence - Mine production without a filed certified Closure Plan. Date of Offence - On or about July 15, 2015 Date of Conviction - Justice of the Peace Jean-Marie Blier accepted Patrick Rosko's guilty plea and fined him on November 13, 2018, in the Ontario Court of Justice in...Read More
Key data from the Friday January 18 pricing session in Europe.Key driversBenchmark cobalt prices continue to slide, with some market participants eager to sell units not committed to 2019 contracts. Wide premium for standard-grade over alloy-grade material narrows as...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The price of palladium is breaking records.And the financial media is buzzing about the white metal.But before you get sucked into the palladium hype, there are a few things investors should know.Palladium Price 1-YearIn the past five months, palladium prices have increased by almost 60%. Yesterday, the price of palladium soared to over $1,400 an ounce, an all-time high for the metal.That's $100 m...Read More
Prices of imports of commercial-grade hot-rolled coil (HRC) into India in the week ended Friday Jaunary 18 widened after large shipments were booked from Iran and South Korea.Importers have confirmed bookings of commercial-grade HRC of Iranian origin at $450-455 per tonne cfr Mumbai for shipment in February, while South Korea-origin HRC priced at $520-525 per tonne cfr Chennai port was also booked...Read More
ArcelorMittal Brasil is currently designing a long-term strategic plan until 2030 with a possibility that it would include an expansion to its flat-rolling capacity in Tubar??o, local chief executive officer Benjamin Baptista said on Friday January 18.The company owns roughly 13.5 square kilometers of land in Tubar??o, the name of the unit located in Serra, a city in the southeast Brazilian state...Read More
Some steel coil prices in Turkey fell this week on continued slow demand because buyers are waiting for prices to reach a bottom, sources told Fastmarkets on Friday January 18.Demand has been poor in the country since August 2018, when relations between Turkey and the United States deteriorated, when Turkish lira lost value against the US dollar after US president Donald Trump's administratio...Read More
The trajectory has been mostly down for mining stocks since gold topped out at US$1,900 an ounce in 2011. The bear market has been even grimmer for exploration companies, which are now competing with marijuana and blockchain plays for risk capital. The long downward slide is reflected in the underperformance of the TSX Venture Exchange, which has plummeted from 2,400 in February 2011 to about 600...Read More
China's domestic rebar prices picked up slightly on Friday January 18 after strong gains in the futures market. Domestic Eastern China (Shanghai): 3,680-3,710 yuan ($543-548) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,630-3,660 yuan per tonne, up 10 yuan per tonneRebar futures rose to a two-month high of 3,636 yuan per tonne during the day, which gave spot prices some support.The g...Read More