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
Aluminium producer UC Rusal's profits from aluminium sales in the fourth quarter of 2018 were down by 16% year on year because the company was operating under trading sanctions imposed by the United States, according to an earnings statement published on Friday February 8. Rusal's aluminium production in October-December totaled 943,000 tonnes, up by 0.4% quarter on quarter. Smelters in Siberia co...Read More
(Updates with closing prices)By Peter HobsonLONDON, Feb 8 (Reuters) - Copper was set for a fifth week ofgains on Friday but the rally faltered after U.S. PresidentDonald Trump said he did not plan to meet China's Xi Jinpingbefore a March 1 deadline for the two countries to achieve atrade deal.The news reignited concern that the U.S-Chinese row willworsen, damaging the already weakening global econ...Read More
Delivering a 90-minute keynote presentation to Benchmark Mineral Intelligence's Cape Town World Tour stop this week, Friedland named air pollution - or airpocalypse - as the single biggest issueRead More
Adam HamiltonArchivesFeb 08, 2019 Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself power...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets.Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse Rotterdam basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
By: Nicholas LePan, Senior Mining Reporter at GoldSeekIt was back in September 2018 when America's newest gold and silver producer, Northern Vertex (TSX-V: NEE) (US: NHVCF) announced commercial production, at its 100-per-cent owned Moss Mine located in Northwestern Arizona, just a couple of miles off the old route 66. (The road to the Moss Mine, circa 2018) However, as any mine developer...Read More
COT SPECIAL PUBLICATION SCHEDULE Reminder -- Due to the U.S. Government Shutdown (February 1 Announcement) The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC publ...Read More
Gold stocks' young upleg is gathering steam, marching steadily to higher lows and higher highs. These bullish technicals are gradually improving sentiment, fueling mounting interest in this contrarian sector. That's helping the gold stocks regain lost ground relative to gold, the driver of their profits. Fundamentals are growing more favorable as gold itself powers higher. All this porte...Read More
Global scrap prices were likely to show further increases because of surges in iron ore prices, Fastmarkets heard during the week ended Friday February 8.Integrated steelmakers were expected to raise their offer prices for downstream steel products due to the increased costs of iron ore and pellets. They were also expected to be able to digest higher ferrous scrap prices to secure more steelmaking...Read More
By Avi Gilburt, ElliottWaveTrader.net Consider the extremes we experienced in August and September of 2011. Gold had days where it would rally $50 in a single day during its final parabolic move. Moreover, everyone you spoke with would express their certainty that gold would soon eclipse the $2,000 mark, on its way to much higher levels.Yet, I remained steadfast in my analysis which suggeste...Read More
Like many of you, I've been eagerly awaiting the day when this powerful bear rally drops dead. Instead, AAPL has rallied with a vengeance, drawing a thousand doomed stocks into its vortex. Yes, the rally is a hoax. And yes, the Masters of the Universe have used it to distribute as much stock as possible into the hands of rubes, pensioners and widows.Under the circumstances, I've been a reluctant...Read More
By: Ira EpsteinGold hold up well against key support of 18-Day Moving Average of Closes:Read More
European alloy steel scrap prices continued their upward trajectory this week on the back of further gains in the nickel market. Having fallen throughout the second half of 2018, nickel prices have risen largely unchecked since the turn of the year. This, in turn, has pulled up austenitic alloy scrap prices, with nickel being the primary alloy component in these grades of stainless steel. In...Read More
The Friday Market Minute Global stocks retreat for a third session amid concerns over world economic growth and news that U.S. China trade talks may not reach a consensus before their March 2 deadline.President Donald Trump tells reporters he won't be meeting with China leader Xi Jinping this month, casting doubt on trade talk progress ahead of key meetings next week in Beijing.European stocks d...Read More
The price of shredded ferrous scrap imported into India rose for the third consecutive week, mirroring the uptick in Turkish scrap prices, market participants said on Friday February 8.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India was $342.67 per tonne cfr on February 8, up by $14.26 per from $328.41 per tonne cfr Nhava Sheva on February 1.Deals heard for shr...Read More
Largo's Maracas Menchen vanadium mine in Brazil. Source: L:argo Resources Ltd.Largo Resources Ltd. [LTO-TSX; LGORF-OTCQX] said Friday February 8 that it has filed a final base-shelf prospectus with Canadian regulatory authorities allowing Largo and certain of its security holders to qualify the distribution by way of prospectus of up to $750 million in securities during the 25-month period that...Read More
Drilling operations at SolGold's Cascabel Project in Ecuador. Source: SolGold Plc.SolGold Plc [SOLG-TSX, LSE AIM] said Friday February 8 that it is disappointed by the Cornerstone Capital Resources Inc. [CGP-TSX, CTNXF-OTC, GWN-FSE, BSE] reaction to SolGold's announced intention to bid for all the issued and outstanding shares of Cornerstone.SolGold issued a press release On January 31, 2019, sa...Read More
The Comex copper price softened during US morning trading on Friday February 8 with trading volumes reduced due to Lunar New Year. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 0.45 cents to $2.8240 per lb. Yet the copper price has experienced short-covering so far this year, according to Fastmarkets MB research."While investors were ex...Read More
Comex copper prices rallied for the third straight session on Thursday February 7 with the market growing more optimistic on the red metal's prospects through the first quarter. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 1.05 cents to $2.8470 per lb. Market activity remains stunted with Chinese participants sidelined due to the Lunar New...Read More