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
ASX-listed Lucapa Diamond Company says further analysis of diamonds recovered at its Lulo project, in Angola, has confirmed the presence of rare Type IIa gems and light fancy yellow diamonds.This follows after the company earlier this week announced the recovery of 45 diamonds weighing 30.3 ct from a stream bulk sample that was taken from the Canguige tributary draining into the Cacuilo river vall...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) maintained its third-quarter sales level after selling its rolling mill in the United States, its Wednesday November 7 earnings report said.Total sales for the country's third-largest flat steelmaker by volume fell from July to September to 1.29 million tonnes from 1.30 million in the same quarter of 2017, a drop of 0.8%. But whi...Read More
(Kitco News) - October’s equity correction, the biggest drop since the 2008 financial crisis, wasn’t enough to derail the Federal Reserve’s plan to gradually raise interest rates.As expected, the Federal Reserve left interest rates unchanged following Thursday’s monetary policy meeting; however, many economists noted that the central bank did not mention at all October&rsqu...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) sees no likelihood of discounts on steel prices to the domestic market in the near term, commercial director Luis Martinez told analysts on Thursday November 8.Chinese prices were a beacon to other markets and still had upside potential, he believed.CSN has increased its prices by an average of 27.00% so far in 2018, Martinez said during a...Read More
(Kitco News) - Gold and silver prices are just modestly lower in early-afternoon U.S. trading Thursday. A rebound in the U.S. dollar index today, following selling pressure this week, worked against the precious metals market bulls. The metals markets showed no significant reactions to the just-released FOMC minutes that show no change in U.S. monetary policy. December gold futures were last down...Read More
(Kitco News) - The gold market, while down on the day, is seeing little reaction to the Federal Reserve leaving interest rates unchanged and setting the stage for another interest rate hike in December.Following its two-day monetary policy meeting, the U.S. central bank left interest rates unchanged within a range between 2.00% and 2.25% as expected. However, in its statement, the committee reiter...Read More
(Kitco News) - The Bank of England (BoE) is reportedly refusing to release gold bars worth just over $550 million to President Nicolas Maduro, who fears that U.S. sanctions against Venezuela would restrict access to that gold in the future, according to media reports.Maduro is attempting to repatriate at least 14 tonnes of gold the BoE is currently storing, the British newspaper The Times and Reut...Read More
Output of steel slab by Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) went down during the July-September quarter of 2018 because of a short outage for maintenance work, according to an earnings report published on Wednesday November 7.The company produced 937,000 tonnes of slabs in the quarter, down by 12.30% from 1.07 million tonnes in the corresponding months of 2017. There were on...Read More
(Kitco News) - Merger-and-acquisition activity in the mining sector is likely to pick up in the next year, said the consultancy EY in a report Thursday. The firm’s 19th Capital Confidence Barometer shows that 58% of global mining executives say they intend to pursue mergers and acquisitions in the next 12 months, compared with 46% across all sectors. Third-quarter deal value rose 25% from th...Read More
Early 2022 has brought the most traumatic events in Kazakhstan’s 30 years of modern independence. Widespread protests and civil unrest led to unprecedented scenes of violence on the country’s streets. Especially in Almaty, the largest city. More than 225 lives have been lost.What began as peaceful demonstrations against a sharp increase in the price of LPG fuel in resource-ri...Read More
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China has just announced that it will invest 400 bn dollars in Iran over a period of 25 years in exchange forContinue...Read More
The recent "traffic jam" in the Suez Canal has added to the shipment delays affecting some minor metals whose markets are highly dependent on supplies out of China, and has already sent some prices to multi-year highs.Transit through the pivotal Suez Canal shipping lane has been blocked by the large containership Ever Given since late on March 23, creating a traffic jam involving more than 100 ves...Read More
Wealthion, Released on 1/6/23For Part 1 of this interview, CLICK HERESaxo Bank CIO Steen Jakobsen returns for Part 2 of our interview with him. He expects the coming hardship in the economy & markets to force companies to become more productive & efficient. As a result, he expects a substantial boom to follow once the down-cycle is over.Steen also generously shares his current portfolio allocation...Read More
London Metal Exchange three-month base metals prices were mostly trading down in the morning session on Friday October 30 with the complex subject to selling pressure amid the uncertainty over further Covid-19 lockdowns."We are expecting LME base metals prices to run into further selling in the short term. The upward momentum seen in early October has run its course and is beginning to give way to...Read More
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Steppe Gold hosted a shareholder summit, to talk about their recent agreement to acquire Anacortes Mining Corp. in an all-share ...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More