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
Fastmarkets proposes to launch two reference prices for the cobalt hydroxide market to capture and quantify the standalone fundamentals of the cobalt intermediates market through its emerging spot trade.Fastmarkets will launch a single-figure monthly cobalt hydroxide index, and a twice-monthly cobalt hydroxide payable indicator, both on the basis of min 30% Co, cif China.Cobalt hydroxide, typicall...Read More
I haven't been this popular since I lived slope-side at a ski resort in Colorado. Despite the fact that I was a ski bum living in a studio apartment, Navy, high school, and college buddies traveled great distances to stay with me.Back then, I had dreams of making a living with Warren Miller. Today, my popularity has to do with puppies. I'm at that age where my offspring are seeking fulfillment in...Read More
The Tuesday Market Minute Global stocks mixed lower as investors worry that formal charges against Huawei CFO Weng Wanzhou could stall progress in U.S. China trade talks.U.S. companies continue to caution that slowing China growth will hit fourth quarter earnings and near-term outlooks, with focus now shifting to Apple's second quarter results after the close of trading today.European shares&nbs...Read More
Hot-rolled (HR) and cold-rolled (CR) steel sheet prices in Russia's Central Federal District around Moscow may increase on talk of reduced availability, sources told Fastmarkets on Monday January 28. "Mills say they can [only offer stockists] tonnages already held in stock [by traders], citing that March-rolled flats was sold out and unavailable for the free market," one large stockist told F...Read More
After publication of the INK Morning Report this morning, IMV (IMV) released an update on its DPX-Survivac Program following a routine meeting with the FDA.In the release the company reports:the FDA acknowledged the potential for accelerated approvals in advanced ovarian cancer based on objective response rate (ORR) according to RECIST 1.1 criteria with reported median duration of response (DOR)....Read More
Some flat steel import prices in the United Arab Emirates and Saudi Arabia have increased over the past week, but demand has remained soft, sources said on Tuesday January 29.Demand was subdued because stock levels in the UAE were already high and buyers wanted to see which direction prices would move after the Lunar New Year holiday in China, sources told Fastmarkets.UAEIndia-origin HRC was on of...Read More
Tata Steel Europe has restarted its blast furnace (BF) No 5 at the Port Talbot mill in the UK following the facility's upgrade that began in September last year, the company said on January 29.BF No 5 is one of two operational blast furnaces at the 3 million tonnes-per-year capacity Port Talbot site."The life extension project of BF No 5 cost tens of millions of pounds and is a critical part of Ta...Read More
Rebar suppliers to Russia's Central Federal District, the major steel-consuming region in the country, have cut their prices because demand in the secondary market remains seasonally weak. Fastmarkets' weekly price assessment for the domestic 12mm A500C rebar in Russia, including 20% VAT, was 33,700-33,800 roubles ($510-512) per tonne cpt Moscow on Monday January 28 , down from 35,000-35...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarOman, export, rebar, offered at $500-510 per tonne cfr, to the...Read More
The import price for steel billet in the United Arab Emirates increased this week on higher offers, sources told Fastmarkets on Tuesday January 29.Domestic rebarLocal rebar producers in the UAE announced reduced prices on January 21 for material to be shipped in February.The country's largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, while Conares Ste...Read More
Turkish deep-sea scrap import prices remained flat on Tuesday January 29 after a confirmed booking for material from the United States, but deals for cargoes are expected to be agreed at higher prices in the coming days, sources said.A US cargo was sold on Monday but reports of the deal came to light only after the deadline for Monday's indices.A steel mill in the Marmara region booked a US cargo...Read More
Physical iron ore prices continued to advance toward $80 per tonne cfr on Tuesday January 29 despite limited trading activity in China while the Lunar New Year approaches.MB 62% Fe Iron Ore Index: $78.69 per tonne cfr Qingdao, up $0.51 per tonne. MB 62% Fe Pilbara Blend Fines Index: $79.53 per tonne cfr Qingdao, up $0.51 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $80.19 per tonne cfr Qingdao...Read More
By: David SmithTwo years ago at a conference during which I both presented and attended, a Keynote speaker, "Rich Dad" Robert Kiyosaki, introduced me to a different way of looking at things. He posed the question, "How many sides does a coin have?"The correct answer is "three." The front (obverse), back (reverse) and... the edge!When you think about it, this makes sense. From this angle - uncomm...Read More
Graceland UpdatesBy: Stewart Thomson 1. The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day. 2. With that now out of the way, gold is already staging more upside action!3. Please click here now. Double-click to enlarge this daily gold chart. A bullish upside channel breakout is in play and the consolidat...Read More
COLORADO SPRINGS, CO, Jan. 28, 2019 -- Gold Resource Corporation (NYSE American: GORO) (the "Company") declares its monthly instituted dividend of 1/6 of a cent per common share for January 2019 payable on February 25, 2019 to shareholders of record as of February 11, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nev...Read More
By George Smith"... if the journalistic credos of speaking truth to power, comforting the afflicted, and afflicting the comfortable have a godhead, that would have to be Paine, whose writing was so provocative and so uncompromising that he faced the gibbet and the blade everywhere he published in England, and in France, and in the United Colonies." Craig NelsonThomas Pain (later changed to Pa...Read More
Venezuela is nearing to be another Iran or Libya as it is trying to switch away from US dollar to other currencies on its crude oil and other natural resources. There will be a regime change in Venezuela soon. Russia and China will not be able to stop a regime change in Venezuela. UK has declined to give Venezuela its gold. The message is clear, US and UK will not give gold to nations have given...Read More
China's steel and steelmaking raw materials futures rose during morning trading on Tuesday January 29. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,683 yuan ($546.10) per tonne, up 20 per tonneMay hot-rolled coil: 3,584 yuan per tonne, up 7 yuan per tonneDalian Commodity...Read More
The import price for steel billet in the United Arab Emirates increased this week on higher offers, sources told Fastmarkets on Tuesday January 29.Domestic rebarLocal rebar producers in the UAE announced reduced prices on January 21 for material to be shipped in February.The country's largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, while Conares Ste...Read More