Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday February 26, with positive trade rhetoric in US-China trade talks lending support to commodity investment, while US Federal Reserve chair Jerome Powell signaled slower but strong US economic growth. Copper's three-month price continues to hold ground near the $6,500-per-tonne level against a backd...Read More

Progress on the U.S.-China trade front is worrisome to gold investors.Yet despite the loss of safety demand, gold still has plenty going for it.Increased demand from China, emerging markets will pick up the slack.Now that the March 1 trade tariff deadline on Chinese goods has been extended, investors can finally breathe a sigh of relief. More importantly for gold, however, the trade deadline exten...Read More

In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.Secretary-general Amar Singh praised the superior air quality in the host city, compared with the metropolises of New Delhi and Mumbai. But delegates...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday February 26 that are worth another look.Lithium producer share price weakness is a reflection of the supply response that started in 2018, head of base metals and battery materials research William Adams said. While the supply side is weighing on sentiment, the demand side of the equation remains extremely bullish - and inc...Read More

Teranga finishes 2018 with record production and $112 million EBITDA.Wahgnion construction is on time and budget and commercial production could start earlier than planned.Golden Hill initial resource tops one million ounces of gold.The first quarter of 2019 should be the strongest quarter of the year, which could provide a boost for the share price once results are released. Source Introduction...Read More

During the fourth quarter of 2018, Alamos Gold generated revenues of $163.1 million. Revenues were up 0.9% from the same quarter a year ago and up 11.2% sequentially.The company intends to purchase for cancellation up to 25,513,043 common shares, representing 10% of the Company's public float. AGI bought already bought 2.4 million shares at $4.07.Furthermore, the company is doubling the dividend t...Read More

There are many fallacies about the gold market that are constantly perpetuated.Gold is not a "safe haven" asset from stock market volatility.Expectations for 2020 is quite strong.I don't know folks. I do a lot of reading in the gold complex, and I am just sitting here scratching my head. Something just does not seem to be right. When the gold market began to rally back in the fall, it co...Read More

Following the publication of modest 2018 results, when gold production barely reached the lower end of a guidance range of 35,000 to 40,000 ounces, Fiore Gold (TSXV: F) reported that its Pan mine in Nevada is expected to perform better in 2019.This week, the company issued a press release revealing that the open-pit operation located near the town of Eureka produced 9,765 ounces of gold in the fir...Read More

Barrick wants to buy Newmont. Trump wants a deal with China. Palladium wants to fly into space. And what does gold want?   Will Barrick and Newmont Create Gold Monster? Do you remember our January 24, 2019 edition of the Gold News Monitor? We analyzed in that report the historic transaction in the bullion industry, i.e. the Newmont Mining's purchase of Goldcorp, which will create the worl...Read More

Lithium producer share price weakness is a reflection of the supply response that started in 2018, head of base metals and battery materials research William Adams said.Lithium producers' share prices have generally been under pressure since late 2017. In the chart below, producers' share prices are up 15% on average from their 52-week low price. We see this as a reflection of the supply response...Read More

   •  Trades with modest losses for the second consecutive session.   •  Bulls fail to capitalize on the risk-off mood/subdued USD demand.    •  The Fed Chair Jerome Powell’s testimony eyed for fresh impetus. Gold extended its steady decline from intraday highs, around the $1330 area, and is currently placed at the lower end of...Read More

Gold On Tuesday, the yellow metal pierced the support of the 200-hour SMA. With that the commodity price was signalling that it will decline. Gold has no technical support as low as the 1,315.00 mark. The metal might reach this level by the end of this week. However, take into account that round numbers on the gold price charts have shown resistance and support to the commodity. This ov...Read More

Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Tuesday February 26, with positive trade rhetoric in US-China trade talks lending support to commodity investment, while US Federal Reserve chair Jerome Powell signaled slower but strong US economic growth. Copper's three-month price continues to hold ground near the $6,500-per-tonne level against a backd...Read More

Base metals prices on the London Metal Exchange were mixed during morning trading on Tuesday February 26, with copper, nickel and zinc futures holding gains amid a decline in Asian equities while ongoing US-China trade talks continue to indicate a potential trade resolution. Three-month copper futures continue to trade around $6,500 per tonne amid the continued removal of material, with on-warrant...Read More

Prices in the seaborne coking coal spot market remained supported on Tuesday February 26 with sellers not in a hurry to issue firm offers just yet."The port market has been doing well with prices moving strength to strength. This will rub off on the seaborne market too," a Chinese trading source said.At the Port of Jingtang in Tangshan, Hebei province, some 30,000 tonnes of a lower-ranked premium...Read More

Will the Chinese yuan replace the greenback?Will the Red Dragon replace America as a global hegemon?What would such a shift mean for the gold market?It's unimaginable what great progress China made in the last forty years. The rise of such economic power triggered many fears (or hopes) about the future international order. We invite you to read our today's article about the rivalry between China a...Read More

Australia-based Oz Minerals on Wednesday said its underlying annual profit slipped, but a better-than-expected performance at its Prominent Hill project was expected to drive future growth.The copper-focused miner posted a 1 percent drop in underlying net profit after tax to A$228.3 million ($159.77 million) for the year ended Dec. 31, compared to A$231.1 million year ago, falling just shy of an A...Read More

Last year it was the Democratic Republic of Congo. This year it is Zambia.Both African countries have driven through draconian changes to their mineral tax regimes, overcoming the entrenched opposition of some of the world's biggest mining houses.Both are betting that the world's need for their resources, particularly copper and cobalt, will keep the tax receipts flowing.Right now, however, the pu...Read More

The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, said Tuesday it would set an independent panel of experts in charge of developing a global standard for tailings facilities to be followed by its members.The set of rules, it said, will be based on a review of current best practices in the industry, including key aspects such as a...Read More

The British Columbia Ministry of Energy, Mines and Petroleum Resources announced this week it will now have two expanded mining divisions: the Mines Health, Safety and Enforcement Division and the Mines Competitiveness and Authorizations Division.The Canadian province is resource-rich, and home to Vancouver, the mining junior capital of the world.In a press release, the Ministry said that the new...Read More