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) - First Quantum Minerals (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the company's Chief Operating Officer (COO), to the role of Chief Executive Officer (...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) - Teck Resources, one of Canada's leading mining companies, has been named to the S&P Dow Jones Sustainability World Index (DJSI) for the 12th consecutive year and is ranked #1 in the Metals and Mining i...Read More
There's one thing that I've noticed over the years: whenever bull markets (or bull legs up after correction lows) begin, prices go down dramatically, but the upward trend crawls so slowly as not to be noticeable. That is, until you compare those prices over a longer term.We're now just one month from the miner lows of September 29. The last day of October saw a big dramatic downdraft in pric...Read More
Still weakened manganese alloy and steel markets have reversed the rally seen in manganese ore markets since early September, with prices for both low- and high-grade seaborne manganese ore falling over the week ending November 12.Fastmarkets' manganese ore 44% Mn, cif Tianjin price index was calculated at $5.66 per dry metric tonne unit (dmtu) on Friday, down by $0.14 (-2.41%) from $5.80 per...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.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; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...Read More
Global ferro-alloy markets have been supercharged this year by robust demand and supply shortages that began when the world's major producing countries faced extensive electricity limitations. With many alloy prices near record highs, conversation at this year's International Ferro-alloys conference in Prague over November 14-16 will focus on the surge in electricity prices in China and Europe, th...Read More
By Kitco News For Kitco NewsFollow @kitconewsnownewsfeedback@kitco.comwww.kitco.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; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for information...Read More
Slumping coal prices and falling Chinese developers dampened sentiment, Marex's Anna Stablum said from the LME Desk (Singapore)."Chinese equity indices traded in negative terrain, despite better-than-expected retail sales and industrial production data," she said.Nickel closed down 1.8% and cash copper lost 1.38%.US president Joe Biden has just signed the big-spending Bipartisan Infrastructure Dea...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.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; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...Read More
The latest data for the global manganese ore market for the week ending November 15, 2021.Read More
The company, which commenced the quarter with A$3 million in the bank, has secured firm commitments for a $7 million placement to follow up on what it described as "spectacular intersections" at SalaRead 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) - K92 Mining (TSX : KNT) reported Monday that its quarterly gold equivalent production of 24,122 oz in Q3 2021 was 8% higher than in Q3 2020 (22,261 oz).However, the company said that challenges related...Read More
Sir Brian Bender, chairman of the London Metal Exchange for almost a decade, has died at age 72.Bender joined the LME in 2010, fresh from a lifelong career in the British civil service, and described himself in an interview with Metal Market Magazine on his retirement in 2019 as a "slightly leftfield candidate" for the role.He presided over a transformative period of change at the exchange, includ...Read More
DENVER, Nov 15 (Reuters) - U.S. oil producers are strugglingto find enough crews, vehicles and equipment to take advantageof rising global demand and a seven-year high in crude prices,say executives at oilfield service firms.The problems are preventing the world's top oil producer andconsumer, the United States, from responding to higher prices and could mean it takes longer for global output to m...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) - Pure Gold Mining (TSX-V: PGM) reported gold production of 9,260 ounces in Q3 2021 at its PureGold mine in Ontario, a 54% increase compared to the second quarter driven by higher grades and increased to...Read More
Nov 15 (Reuters) - Wall Street indexes were pulled off session highs on Monday as technology stocks came under pressure from rising Treasury yields, although losses in the Dow Jones were mitigated by Boeing, which surged on a potential Saudi Arabian order.The Nasdaq (.IXIC) fell the most among its peers, coming off early gains as heavyweight technology stocks retreated. Higher Treasury yields tend...Read More
Here are five Fastmarkets stories you might have missed on Monday November 15 that are worth another look.Ferro-alloy supply-side disruptions will likely continue well into 2022 with production cuts in China and capacity in other regions insufficient to meet demand amid persistent logistics constraints, panelists said on Sunday November 14 during...Read More
Authored by Bill Blain via MorningPorridge.com,Let's Dance: Buy the credentials - Forget Reality, Baitballs and Financial Ergot!"Where The Dance is, there you will find the Devil..."Despite Global uncertainty, rising inflation, and potential slowdown, markets remain Euphoric. All irrational markets eventually pop. How much longer can the current market mood be sustained? Longer than we think...One...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) -Goldprices are slightly higher in early U.S. trading Monday and did poke to anotherfive-month high. Gold and silver bulls remain in technical control amidnear-term price uptrends firmly in place. Fears...Read More
Sir Brian Bender, chairman of the London Metal Exchange for almost a decade, has died at age 72.Bender joined the LME in 2010, fresh from a lifelong career in the British civil service, and described himself in an interview with Metal Market Magazine on his retirement in 2019 as a "slightly leftfield candidate" for the role.He presided over a transformative period of change at the exchange, includ...Read More