Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest producer of the precious metal, warns that mining at its Pueblo Viejo operation in the Dominican Republic could finish this year if a new tailings storage facility (TSF) doesn't get approved. Mining at Pueblo Viejo, a 60-40 joint venture with Newmont (TSX: NGT; NYSE: NEM), depends on the possibility of building a new tailings...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has joined the rising chorus of companies and analysts warning of an imminent and "significant" supply gap for lithium, as demand for the metal used in electric vehicles (EV) and green technologies continues to soar. The world's second-largest miner, which greenlighted in July the $2.4 billion Jadar lithium project in Serbia, believes the supply gap...Read More
Nickel prices on the Shanghai Futures Exchange shot up to an all-time high during morning trading on Thursday October 21 amid a possible export ban on raw materials by Indonesia, among other bullish market dynamics.SHFE nickel was trading at 160,300 yuan ($25,071) per tonne at 11.30am Shanghai time, up by 10,720 yuan per tonne (7.17%) from a closing price of 149,580 yuan per tonne on Wednesday.Ind...Read More
Steelmakers in China will likely keep their production rates low in the fourth quarter of 2021 amid pollution controls and tight electricity supply even though they still seem to have a lot of "quota" left for the year, market participants say.In the first nine months of this year, China produced 805.89 million tonnes of crude steel, according to the country's National Bureau of Statistics (NBS)....Read More
FPX Nickel (TSXV:FPX; OTC:FPOCF) CEO Martin Turenne shares regarding the confirmation of a significant new nickel discovery from the maiden drilling program ...Read full newsRead More
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Subscribe to Kitco Roundtable on iTunes Innovation is relentless in the electric vehicle space, particularly around material substitution due to worries about reliability of supply, but original equipment manufacturers need time to adjust to new processes, said Dr. Soroush Nazarpour, founder and CEO of NanoXplore (TSE:GRA). On Friday Nazarpour recorded Kitco Roundtable with Mining Audiences Manage...Read More
Today is the perfect example of how enhanced inflationary pressures and the reaction to higher inflationby the Federal Reserve create cross-currents that take gold higher as well aspressure pricing lower. Gold futures basis most active December contract openedtoday at $1783.70. Continued concern about mounting inflationary pressures tookgold prices substantially higher with the precious yellow met...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The growing inflation threatremains the most extensive support for the gold market as analysts see thepotential for prices to test critical resistance around $1,830 in the nearterm.Friday morning, gold...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - As a gold investor, if you were expecting an easyend to what has been another relatively quiet week, you were unfortunatelymistaken.The day started with plenty of optimism in the precious metal market...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Therising inflation threat is creating some significant bullish sentiment in thegold market, even as Federal Reserve Chair Jerome Powell tries to talk downthose growing concernsEarlyFriday, gold prices...Read More
Kitco MEDIA ? The Metals, Money, and Markets Weekly by Mickey Fulp - October 22, 2021By Mickey FulpContributing tokitco.com Follow @KitcoNewsNOWcontact@mercenarygeologist.comwww.themercenarygeologist.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Federal Reserve Chair Jerome Powell has thrown a bucket of cold water on gold's Friday rally as prices fall back below $1,800 an ounce.After a relatively quiet week, rising inflation pressures helped pu...Read More
Dear Outsider,A lot of bad things can happen in three seconds...I learned that the hard way this week as I was driving my kids to the Mount Everest restaurant, the three of us eagerly awaiting some delectable Nepalese cuisine. This particular restaurant is only about a mile from my home. So we piled into my Jeep and took off down the road, which goes through a sleepy residential neighborhood with...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - In the Word Banks' latest report, they have noted that its Precious Metals Index fell by 3 percent in the thirdquarter of 2021. It noted that this is due to declining investor sentimentstemming from hi...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The grade or concentration ofa mineral or metal in ore directly affects costs associated with mining as wellas its subsequent beneficiation and extraction of precious components.Kitco ranked currently...Read More
Whatis the next market to see a short squeeze? That is the question I have beenasked most by clients this week. Shortages have been popping up everywherewithin supply chains, especially where inventory remains low and bottlenecks indistribution occur. Multiple commodities such as Oats, Cotton, Crude Oil, andGasoline have rallied double-digit percentage gains this month. I know you arethinking, whe...Read More
Despitelong-term interest rates continuing to move upwards, the precious metal’ssector has been steadily finding buyers since late September. Previously,rising bond yields acted as a factor for selling both gold and silver, payingno dividends or coupons. I believe the main reason for the recent dis-connectis investors viewing inflationdifferently sincethe end of September.Never-endingsupply...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Global manufacturing PMI's this morning and overnight have beenoverwhelmingly positive. As the world moved out of the COVID-19 pandemic itseems that the manufacturing sector is recovering. This does le...Read More
Lots of news lately in the lithium space these days. A lot has to do with of course batteries and especially batteries for electric cars and right now there is very limited supply of lithium out there. Yes there is exploration projects going on all over the world but for actual supply right now there is a huge deficit. Lots of the supply issues are caused by things like the pandemic but because li...Read More