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
The disaster caused by Vale's dam rupturing in the Brazilian state of Minas Gerais has no connection to the issue surrounding Norsk Hydro's alumina refinery Alunorte and will probably not stall its return to 100% capacity, market observers told Fastmarkets during the week.Norwegian aluminium group Hydro is waiting for approval from the federal justice in Brazil to increase output at Alunorte. Two...Read More
Many participants worry that gold's extended rally has maxed out.The recent abundance of geopolitical uncertainties suggests otherwise.Silver is also confirming gold's rally, which is a positive factor.Has gold overshot its near-term upside potential after its latest Brexit-inspired rally? While some analysts would answer in the affirmative, I would argue that there are still reasons for b...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Bitcoin Gold bulls rush to revenge following the devastating declines this week. BTG/USD adds a whopping 10% in a single day; the bullish moment to continue. Bitcoin Gold did not waste time consolidating the losses following the declines on Monday this week. The asset is leading the recovery with gains in the excess of 10% on the day. The ballistic move comes at a time when bulls have started to...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday January 30 that are worth another look.Brazilian iron ore pellet producer Samarco and its creditors have not reached a debt restructuring agreement by the end of a scheduled deadline, according to documents disclosed by the company on Tuesday January 29. Eastman Kodak Co was granted 40 exclusions to the United States...Read More
GOLD Spot gold eased from new 8-month high at $1315, posted earlier today, as dollar rose on better than expected numbers of ADP private sector employment report.US private sector added 213K jobs in Jan vs 180K f/c and 273K, downward-revised figure in Dec.Stronger greenback slowed gold's bulls, which registered advance of 2.4% in past thee days, on renewed risk aversion ahead of continuation o...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold prices rose on Wednesday after the Federal Reserve kept benchmark interest rates unchanged and hinted at a slower pace of monetary policy tightening.Gold futures for February delivery traded 0.75 percent higher at 1,318.70 per ounce. Spot gold was up 0.47 percent at $1,318.01.The Fed's decision was widely expected by investors. In a...Read More
Great Panther Silver (TSX: GPR; NYSE American: GPL) has increased the measured and indicated resource at its Topia silver-gold-lead-zinc mine in Mexico's Durango state to nearly 15 million silver-equivalent ounces.Despite mine depletion since the last resource estimate was completed four years ago, Great Panther Silver has boosted Topia's measured and indicated resource by 28% to 475,900 tonnes g...Read More
Roland Harings will take up the role of chief executive officer of German copper giant Aurubis in July 2019, the company said on Wednesday January 30.Harings will succeed current CEO J? 1/4 rgen Schachler in overseeing the business of Europe's largest copper producer.Since 2014, Harings has been CEO of Mansfelder Kupfer & Messing (MKM), a major European producer of semi-finished products of copper...Read More
You're in the market for a hundred ounces of phyzz. Buy the 100 oz Silver Bars? Or do smaller size Silver Bars make more sense? Here's Matt's insight...by Matt from Silver Fortune via Silver FortuneAre 100 oz silver bars worth the hassle, or do smaller sizes make more sense?Which do you prefer? Read More
If the fundamentals for silver weren't bullish enough, here's some PHENOMENAL NEWS FOR SILVER INVESTORS...by Stewart Thomson of Graceland UpdatesJan 29, 2019 The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day.With that now out of the way, gold is already staging more upside action!A bullish upside channel breakout is in...Read More
Fresh reports are emerging of traders taking positions in the manganese ore market, sparking reminders of speculation-led rallies that occurred in previous years. Position trading refers to buying up larger than normal cargoes of manganese ore on expectations of making profit from a resultant price rise. It is a tactic that has not been seen for some time because opportunities have been limited du...Read More
Prices for steel billet in Asia are likely to come under greater pressure in 2019 with demand for it as well as downstream long steel products expected to stay subdued amid an impending surge in new supply, sources told Fastmarkets MB."Regional demand is weak, so there is not enough room for everyone," a Vietnam-based trader said, referring to a string of new billet production capacity set to come...Read More
Nickel closed higher on the London Metal Exchange on Wednesday January 30 after peaking at an intraday high of $12,455 per tonne, its highest since October. Low stocks and robust demand from stainless steel and nickel pig iron (NPI) production, predominantly in China and Indonesia, are underpinning the upward trend in the three-month price, which is now more 15% higher than its 2018 low of $10,500...Read More
The European tin premium dropped by $35 on the midpoint in the week ended Tuesday January 29 following a 1,000 tonne delivery to London Metal Exchange sheds, while other regional premiums were unchanged week on week in quiet markets. Premium for standard grade tin ingot, in-warehouse Rotterdam, falls 7.4% Adequate supply keeps US premiums unchanged Shanghai premium flat in quiet, pre-...Read More
Nickel's three-month price on the London Metal Exchange continued its strong performance during morning trading on Wednesday January 30, moving past $12,300 per tonne for the first time since October 2018 amid a continued drawdown in LME supply. The metal's three-month price is up more than 15% from its 2018 low of $10,500 per tonne on December 31, while total LME inventory remains at its lowest l...Read More
A partnership of First Nations, exploration companies and provincial government representatives is working well, as the three groups work collaboratively to progress mineral exploration and mining in northwest British Columbia.That was the message behind a panel discussion Tuesday at Roundup 2019, inside the Pan Pacific Hotel in Vancouver.The four-day annual event is a chance for mineral explorers...Read More
Global miner Anglo American laid off 180 workers at its flagship Los Bronces mine in central Chile, part of a plan to boost productivity at the deposit that has raised the ire of some of its unionized workers.The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement. The mine sits high in the Andes but on the outskirts of the capital city of Santiago, well s...Read More
Ivanhoe Mines has drilled what it's calling an "unprecedented" intersection in a shallow, flat lying deposit at the Kamoa North exploration area on its 397 sq. km Kamoa-Kakula mining license.The company cut 13.05% copper over 22.25 metres from 219 metres downhole at a 2% copper cut off grade in a deposit that begins 190 metres below surface. At a 5% copper cut off grade, the intersection cut 15....Read More
Aurubis AG, Europe's biggest copper producer, on Wednesday named Roland Harings as its new CEO.Harings has been CEO of MKM Mansfelder Kupfer und Messing, a German manufacturer of copper semi-finished products, since 2014.Harings takes over at Aurubis on July 1, replacing current CEO Juergen Schachler, the company said. Aurubis announced in December that Schachler would leave the group when his con...Read More