Nickel, a key raw material in lithium-ion batteries used in electric vehicles (EVs), has gradually grown its market share amid a global shift away from fossil fuels.But with lithium iron phosphate (LFP) batteries making a comeback in the EV market in China, a shadow is being cast on the growth potential for nickel consumption in 2022.The stainless steel market, which accounts for approximately 90%...Read More
The southwestern United States has a long history of mining and remains one of the nation's top mineral regions. The region has good infrastructure, an established regulatory and permitting regime and prospective geological terrain. Here are eight companies active in the area.BLUE MOON METALSExamining drill core at the Blue Moon zinc-silver project. Credit: Blue Moon Metals.Blue Moon Metals (TSXV:...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has extended the deadline for Noront Resources' (TSXV: NOT) investors to accept or refuse its bid from November 16 to the end of the month, as talks with rival Wyloo Metals regarding the imminent takeover of the Canadian miner progress."BHP and Wyloo Metals have continued their conversations and are considering a mutually beneficial arrangement regarding the acq...Read More
A massive backlog of copper cargoes across Africa - ranging from concentrates and intermediates to refined copper - is putting a massive strain on the spot market supply chain and its impact is spilling over into contractual talks for 2022."My blister copper cargo from Africa should have departed in late July. I kept refreshing the schedule status, but there is nothing new. Our Chinese client is v...Read More
Wallbridge Mining (TSX: WM) has released a first resource estimate for its flagship Fenelon gold project and an updated resource estimate for its Martiniere project, both located in the Detour-Fenelon gold trend in northern Abitibi, Quebec.Wallbridge's president and CEO, Marz Kord, says the estimates demonstrate that Fenelon continues to grow from a small, high-grade deposit into a potential multi...Read More
First Cobalt (TSXV: FCC; US-OTC: FTSSF) wants to increase the design capacity of its hydrometallurgical cobalt refinery in Cobalt, Ontario, to 6,500 tonnes of cobalt annually from 5,000 tonnes. The decision was made due to a strong demand for battery-grade cobalt and client feedback.The company has also announced a name change to Electra Battery Materials - pending shareholder approval - reflectin...Read More
Terror attacks on gold mining operations in Burkina Faso are becoming a regular occurrence. For VOA, reporter Henry Wilkins looks at the impact the attacks are having on the lives of survivors and what it could mean if extracting gold, the country's primary source of income, becomes too dangerous.Read full newsRead More
Cave Creek Museum is home to a fully operational stamp mill that was used to extract gold more than a century ago. The Arizona Gold Mining Experience offers a glimpse into what it was like to be an Arizona miner in 1910.Read full newsRead More
The latest retail and restaurant news from columnist Mary ShownRead full newsRead More
Candelaria Mining: Developing Quality Gold Mines in MexicoRead full newsRead More
Recent price action in Gold and gold stocks suggests the worst of the correction is over. Gold has broken above initial resistance ($1835/oz), and gold stocks have shown sustained follow-through after registering an extreme oversold condition. However, Gold has only broken out of a 5-month base, and a confluence of massive resistance is looming at $1900. Technically, on the daily chart, it needs t...Read More
As the 26th UN Climate Change Conference wraps up, ESG is becoming an increasing driver in how companies operate, leading them to buy credits to offset their current carbon emissions as they target sustainable reduction of greenhouse gases. The voluntary carbon credit market has hit all times high in volume, and is on track to be worth a billion dollars in 2021. "There are many high value carbon c...Read More
Kitco MEDIA ? The Metals, Money, and Markets Weekly by Mickey Fulp - November 12, 2021Join The Mercenary Geologist Mickey Fulp and Trevor Hall of Mining Stock Daily every Friday afternoon for a recap of metals, money, and markets. Each episode provides commentary on performances and a look ahead to next week's markets. You can listen to the weekly wrap exclusively at Kitco.com. We trust you will...Read More
We made it through October.It wasn't so bad, right?Fed Chair Jerome Powell spoke Wednesday about the economy, saying we need to remain humble and understand the world is still very COVID-affected. He also wants to see further development in the labor market before making any decisions about raising interest rates, as the U.S. reaching "maximum employment" would trigger such increases.So strong job...Read More
(Kitco News) After a solid breakout above $1,850 an ounce, gold could be ready for even bigger gains. But first, the precious metal must breach this level, according to analysts.Inflation accelerating to three-decade highs in the U.S. has pushed investors towards gold, with the precious metal up nearly 3% on the week and December Comex gold futures last trading at $1,865.90."It is all about inflat...Read More
(Kitco News) - Sentiment in the goldmarket has turned significantly bullish as the precious metal sees its bestweekly gain in six months. This week gold pricesbroke their current downtrend. They pushed to a five-month high as inflationfears flooded back into the market after the U.S. Consumer Price Index showedan annual rise of 6.2%, the highest reading in more than 30 years. "A lot of invest...Read More
Everyone who has bought anything in the lastyear knows that inflation is real. However, this week we found out just how badit is.Wednesday, theU.S. Consumer Price Index saw an annual rise of 6.2%, the highestlevel in more than three decades. And while the idea that prices are risingisn't new, according to some economists and market analysts, the fear is thatthe U.S. central bank is losing control...Read More
While gold has traded to a higher high, a higher low, and higher close than yesterday, the key is that it has been consolidating right beneath a critical area of resistance. The price point that I’m speaking about is the 78% Fibonacci retracement that occurs at $1867.50. The data set used for this Fibonacci retracement set begins at $1920, the highs that occurred in gold during the first wee...Read More
Fiscal policy is going to have a direct impact upon inflation, according to Ronald-Peter Stoeferle.Stoeferle spoke to Kitco on Friday. He is managing partner at Incrementum AG."I think we should focus less on what the central banks are doing, and we should focus more on what fiscal policy is," said Stoeferle. On Monday President Biden signed a $1 trillion infrastructure bill."I think we should fo...Read More
Bitcoin, stocks, and gold are all poised for major moves, but not all moves will be equal. Gareth Soloway, chief market strategist at InTheMoneyStocks.com discusses with David Lin, anchor for Kitco News, which of these assets are most likely to breakout to the upside. While Bitcoin has breached new all-time highs in recent weeks, it is still struggling to break a double top. In the past bull cycle...Read More