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
Strategic & Precious Metals Processing (SPMP) expects the initial production of pure antimony metal to take place in the next week at its antimony-gold project in Oman, SPMP parent company Tri-Star Resources said on Thursday January 24. Tri-Star has a 40% equity interest in SPMP, which is constructing the antimony and gold processing facility in Sohar, Oman. The project was initially expected to c...Read More
By: Ira EpsteinGold making lower highs, Bollinger Bands narrowing:Read More
DaBoyz more than held their own Wednesday, keeping the Dow airborne for six hours even though buying interest was practically nil. This is an achievement of sorts, and it suggests that although upside potential will be limited to whatever the stock market's masters can milk from daily mood swings, there would appear to be little enthusiasm for a hard selloff at the moment. In such circumstances,...Read More
M2 Cobalt Corp and Jervois Mining Ltd are to merge in a deal that will complement the latter's ambitions in East Africa as part of its focus on the growing battery metals market. Upon completion of the deal, which has been approved by both boards, existing Jervois shareholders will own 77.9% of the new company while 22.1% will be owned by current M2 Cobalt shareholders. In late 2017, the company c...Read More
The Turkish deep-sea scrap market remained quiet on Thursday January 24, with steel mills unwilling to pay high prices while finished steel demand is weak, local market sources told Fastmarkets MB.Offer prices for HMS 1&2 (80:20) have already increased to more than $290-295 per tonne cfr from suppliers, who cite increasing collection costs for the rise.Two cargoes were sold to a steel mill in the...Read More
Consumption of ferrous scrap in the United Kingdom will continue to increase over the coming years amid an expansion in the UK operations of international metals group Liberty House, Fastmarkets MB's research team believes. UK scrap demand in 2018 is on course to rise for the first time in four years after Liberty restarted a second electric arc furnace (EAF) at its site in Rotherham, northern Eng...Read More
Import prices for steel billet in Southeast Asia staged a slight recovery this week amid limited offers and Turkey's strengthening scrap market, although participants reckon that the billet gains might be short-lived because they were not supported by demand.Fastmarkets' daily import price assessment for billet in Southeast Asia was $450-455 per tonne cfr Manila on Thursday January 24, narrowing u...Read More
A village in Mali, West Africa. Source: RosCan Gold Corp.RosCan Gold Corp. [ROS-TSXV] on Thursday January 24 announced positive assay results from an initial air core drilling program at its Kandiole Project in Mali, West Africa.The drilling program was completed in December 2018, and was designed to test strong gold anomalies in termite mounds with coincident gold-in-soil gold anomalies.The compa...Read More
(Updates with closing prices, adds column)By Peter HobsonLONDON, Jan 24 (Reuters) - Aluminium prices fell on Thursdayfrom the previous session's four-week high as worries over theeffect of a Chinese economic slowdown outweighed signs of tightsupply.On-warrant stocks of aluminium available to the market inLondon Metal Exchange-registered warehouses tumbled to 848,650tonnes from more than a million...Read More
Logging diamond drill core at the Eskay Creek Project core shack. Source: Skeena Resources Ltd.Skeena Resources Ltd. [SKE-TSXV; SKERF-OTC] on Thursday January 14 released the final assay results from a Phase one surface drilling program at the company's Eskay Creek Project, which is located in northwest British Columbia's Golden Triangle region.The program targeted the 21A, 21C, and 22 zones. Howe...Read More
Gold pour at the Aurora Mine in Guyana, South America. Source: Guyana Goldfields Inc.A group of concerned Guyana Goldfields Inc. [GUY-TSX, OTC-GUYFF] shareholders say they are unhappy with the company's announced decision to hold its annual and special meeting of shareholders on May 22, 2019. That is a full 140 days after the concerned shareholders submitted their request for the meeting on Januar...Read More
Comex copper prices sank once again on Thursday morning in the United States, with persistent bearish overtones and short-covering hampering the red metal.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.60 cents to $2.6485 per lb. "Although we acknowledge that market participants prefer to adopt a cautious stance toward copper for now,...Read More
United States-based global miner Freeport-McMoRan has been issued with pre-tax charges of nearly $400 million in penalties and interest related to disputed mining royalty assessments for its Cerro Verde copper mine in Arequipa, Peru.The charges relate to the years 2009 to 2013, and have come after Cerro Verde, in which Freeport owns a 53.56% stake, chose not to appeal a decision by the Peruvian Ta...Read More
Freeport-McMoRan expects its copper and gold production to fall over the next two years due to a long-anticipated transition of its operations in Indonesia, before improving significantly again. The Arizona, United States-based copper producer forecasts consolidated sales of around 3.3 billion lb of copper in 2019, down from 3.8 billion lb in 2018, along with 800,000 oz of gold, also down from 2.4...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonne.Fas...Read More
M2 Cobalt Corp and Jervois Mining Ltd are to merge in a deal that will complement the latter's ambitions in East Africa as part of its focus on the growing battery metals market. Upon completion of the deal, which has been approved by both boards, existing Jervois shareholders will own 77.9% of the new company while 22.1% will be owned by current M2 Cobalt shareholders. In late 2017, the company c...Read More
Share this articleTORONTO - Canada's main stock index increased on the back of higher crude oil prices while trading on U.S. stock markets was mixed.The S&P/TSX composite index closed up 72.45 points at 15,280.78.In New York, the Dow Jones industrial average was down 22.38 points at 24,553.24. The S&P 500 index was up 3.63 points at 2,642.33, while the Nasdaq composite was up 47.69 points at 7,0...Read More
The prices for cobalt products in China were broadly steady on Wednesday January 23 on limited availability of prompt cargoes, but market participants are wary of price vulnerability after the Chinese New Year holiday on February 4-10. Fastmarkets MB assessed the Chinese domestic min 99.8% Co price at 325,000-350,000 yuan per tonne ($18.72-20.16 per lb, less China VAT) on Wednesday, unchanged...Read More
In Switzerland, it's illegal to walk down the street smoking a joint.But that's not stopping the wealthy elite from doing million-dollar cannabis deals at this week's World Economic Forum.It is here where a select group of cannabis companies and politicians will meet for a three-hour lunch at the world-famous H??henweg restaurant, which is only accessible by cable car.While this small bit of infor...Read More
Domestic prices for hot-dipped galvanized (HDG) coil in Europe are expected to start to increase in the second half of February, sources have told Fastmarkets.In the meantime, domestic HDG prices in the region have been largely stable over the past week with demand remaining low, market participants said on Thursday January 24."The market is very quiet and buyers are waiting for the definitive dec...Read More