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
Prices for steel billet imported to Southeast Asia have been inflated by buying prices to China over the last week, market participants told Fastmarkets on Friday March 26. Offers for Vietnam-origin 5sp billet were heard at $615 per tonne cfr Manila during the week, while Far East Russia-origin material was heard offered at $605 per tonne cfr on Wednesday, with India-origin 125-mm billet heard off...Read More
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More
China's domestic rebar prices dropped slightly on Monday October 26 on high, but declining, inventories.DomesticEastern China (Shanghai): 3,700-3,730 yuan ($554-558) per tonne, down by 10 yuan per tonneChina Iron & Steel Association reported that rebar stock in China's major markets was about 6.33 million tonnes in mid-October, down by 6.2% from earlier in the month but till 30% higher than the 4....Read More
"The company disagrees with numerous grounds outlined in the ruling dismissing the application for judicial review handed down by Deputy Chief Justice Kandakasi in the National Court today, and intends to urgently appeal the ruling to the Supreme Court," Barrick Niugini said yesterday.The company had suspended the mine in April after the government refused its 2017 application to extend Porgera's...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort334,23767,80171,987129,690433,549535,914573,337Change from Prior Reporting Period 4,0322412,3913,7815,62220,20418,037Traders23067895771322198 Small Speculators LongShortOpen Interest 67,22429,801603,138 2,7594,92622,963 non reportable positionsChange from the previous reporting p...Read More
After watching, complete the post-reading quiz: https://tinyurl.com/y7d45g7cRead More
Live stream the RIO2 Limited (OTCQX: RIOFF | TSXV: RIO) presentation from the December 10-11 Precious Metals & Critical ...Read More
Rio Tinto ( NYSE: RIO; LSE: RIO) will spend a further A$9.2 million (US$5.9 million) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX: AZY), in Western Australia's Paterson province.The budget earmarked for this year is well above the previous commitment of A$2 million (US$1.3 million) put forth in January, when Rio Tinto earned 51% of the project...Read More
The junior mining space appears to be out of favour with the new generation of investors, particularly in Canada. Many young Canadian investors prefer to put the risky piece of their portfolio to work in the technology sector. But I think this mining sub-sector is worth a look.In early March, the PDAC show (the largest mining show in Canada) highlighted many of the great junior mining companies ba...Read More
Opponents of Northern Dynasty Minerals' (TSX: NDM) proposed Pebble copper-gold-molybdenum mine in Alaska found a new ally on Tuesday, as U.S. President Donald Trump's son Donald Jr. took to Twitter to oppose the project supported by his father's administration.Trump Jr. said he "100%" agreed with Vice President Mike Pence's former chief of staff, Nick Ayers, in opposing the mine."The headwaters of...Read More
Group revenue rose 5.3% to A$1 billion. Underlying EBITDA was up 10.6% to $222 million and underlying EBIT rose 7.7% to $111 million. Underlying net profit after tax dropped 7% to $60.Read More
While Perenti Global (formerly Ausdrill), Macmahon Holdings and NRW Holdings - which has outlaid circa-A$200 million (US$135 million) on Golding Contractors and more recently BGC Contracting in theRead More
Barrick Gold (TSX: ABX; NYSE: GOLD) has withdrawn its 2020 guidance for its 47.5%-owned Porgera mine after placing it in temporary care and maintenance on April 27. Work was halted after Papua New Guinea said it would not renew the mine's 20-year special mining lease (SML). The revised group guidance without Porgera is between 4.6 million and 5 million oz. gold, about 200,000 oz. less than its pre...Read More
Japan Gold Corp. is pleased to announce it has signed a Joint VenRead full newsRead More
The price of steel slab from Brazil has edged downward over the past week, with sellers attempting to put limits to a downtrend in the market amid growing uncertainty in the United States.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, fell to $460-470 per tonne on Friday March 13, from $470-475 per tonne in the previous week.The market was shaken when many custo...Read More
The Fed will cut all the way to 0% if needed, contrary to what markets are pricing in, this according to Peter Schiff, CEO of Euro Pacific Capital._________________________________________________________________Kitco News is the world's #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of hel...Read More
The export price for Brazilian steel slabs continued its uptrend during the week ended Friday November 29 with more expensive offers to North America starting to be accepted, market participants told Fastmarkets.Fastmarkets assessed the price for steel slab, export, fob main port Brazil, at $360-380 per tonne on Friday, narrowing upward from $355-380 per tonne a week before. The midpoint was at it...Read More
Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.Suppliers are offering wider discounts in early negotiations for long-term ferro-vanadium contracts for 2020 compared with this year, accor...Read More
"$IMBBY - Imperial Brands: Still The Worst Of The Big 4 Tobacco Stocks. Subscribe to Seeking Alpha for more: https://t.co/54oGUPThjB #markets #economy #finance"Read full newsRead 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