Base metals prices on the London Metal Exchange were mainly stronger this morning, Thursday May 20, on dip buying, while those on the Shanghai Futures Exchange were down across the board in reaction to the 3.5% average loss on the LME on Wednesday. China's rhetoric on its determination to wrestle inflationary pressures in commodities triggered weakness in the metals. Base metals LME three-month ba...Read More

Share this article TORONTO - Wesdome Gold Mines Ltd. [WDO-TSX; WDOFF-OTC] reported underground exploration drilling results from the new high-grade gold discovery in the footwall of the Kiena Deep A zone at the company's 100%-owned Kiena mine complex in Val d'Or, Quebec.On March 23, 2021, Wesdome announced the initial discovery of a new high-grade gold zone in the footwall of the A zone, which ha...Read More

Automotive manufacturer Ford Motor Co and South Korean energy conglomerate SK Innovation have signed a memorandum of understanding to create a joint venture to manufacture battery cells and energy storage arrays for electric vehicles (EVs) in the United States, Ford said.The venture, to be called BlueOvalSK, will produce roughly 60 gigawatt hours (GWh) annually starting mid-decade, with the potent...Read More

When I woke up Wednesday morning, the Street was painted red.Our office here in Baltimore was on high alert - DEFCON 1, if you will, in preparation for more carnage.Wednesday's trading opened with the tech-heavy Nasdaq down 1.7%, and the S&P 500 was down nearly another 0.5%.At the same time, more volatility roiled the cryptomarket as China banned cryptocurrencies and related businesses in its terr...Read More

IronRidge Resources Limited (AIM: IRR) is an African focused, minerals exploration company, with a lithium pegmatite discovery in Ghana, an extensive grassroots gold portfolio in C??te d'Ivoire and a potential new gold province discovery in Chad. The Company holds legacy iron ore assets in Gabon and a bauxite resource in Australia. We learned from Vincent Mascolo, Managing Director and CEO of Iron...Read More

Fourteen years!According to the International Energy Agency (IEA), in order to solve the climate change crisis, we must stop using gas-powered cars, completely abandon new coal mine development, and end oil exploration within 14 years.This is a tall order and one I'm quite certain is not going to happen.While I'm certainly enthusiastic about the rapid transition of the global transportation econom...Read More

Chinese nickel products provider Lygend Mining has started its first production of mixed hydroxide precipitate (MHP) in Indonesia successfully, the company said on May 19, 2021.Lygend's MHP production project is the first high-pressure acid leach (HPAL) project to reach production in Indonesia, Fastmarkets understands.Both Lygend Mining and its Indonesian partner Harita Group operate the project,...Read More

German chemical conglomerate BASF will acquire a 51% stake in China's Hunan Shanshan Energy (Hunan Shanshan), a Chinese maker of lithium-ion battery materials that serves the battery materials' market, it said on Friday May 21.Ningbo Shanshan New Energy and Ningbo Yongxiang Investment, subsidiaries of China's Ningbo Shanshan, have signed an equity acquisition agreement with BASF to purchase stakes...Read More

Import prices for flat-rolled steel had no clear trend in South America during the week ended Friday May 21 amid lower Chinese offers and buyers accepting higher prices from other origins, market participants said.Fastmarkets' assessment for steel plate import, cfr main ports South America, was $1,100-1,140 per tonne on Friday, up by $60-100 from $1,000-1,080 per tonne a week earlier.While some Ch...Read More

Indian mills increased domestic hot-rolled coil prices by 1,000-1,750 rupees ($14-24) per tonne this past week amid continued gains in international prices for the commodity.Fastmarkets' price assessment for steel HRC, domestic ex-warehouse India widened upward by 1,000 rupees to 63,500-68,000 rupees per tonne on Friday May 21 from 63,500-67,000 rupees per tonne the previous week. ....Read More

Hot-dipped galvanized coil prices in Turkey increased during the week to Friday May 21 while demand was strong, sources told Fastmarkets.Demand was strong in the domestic and export markets, with several deals heard during the week, Fastmarkets was told.HDG prices continued their uptrend in Europe, one of the biggest export markets for Turkish HDG, sources said.The price increases were moderate du...Read More

Domestic prices for steel wire rod in Poland surged during the week to Friday May 21 on short supply and increased feedstock costs, with an uptrend expected to persist in the short-term, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 3,650-3,700 zloty ($988-1,001) per tonne on Friday, up 300-400 zloty from 3,250-3,...Read More

Poland rebar producers were largely holding back on offering and taking a wait-and-see stance amid an unprecedented price surge, while secondary market prices continued rising on support from strong demand, limited supply and increased scrap costs, sources told Fastmarkets on Friday May 21.Local mills had reportedly withdrawn their rebar offers this week and are expected to come back next week, ma...Read More

China's domestic rebar prices paused their downward trend on stronger demand on Friday May 21, but eastern prices ended the week 650-680 yuan ($101-106) per tonne lower week on week.DomesticEastern China (Shanghai): 5,100-5,150 yuan ($793-800) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,400-5,450 yuan per tonne, down by 730-750 yuan per tonneConstruction sites in China raised...Read More

0:00 - Introduction1:40 - Inflation, transitory inflation and deflation7:24 - Canadian Dollar hitting multi-year high vs. USD10:17 - #SilverSqueeze movement's impact on the pricing system12:15 - Will Imposition of BaselIII impact gold and silver pricing?16:35 - FED announcing QE Taper Plan18:22 - Will gold prices reach all-time high?22:49 - OutroRob Kirby is a financial commentator and former brok...Read More

Legendary precious metals trader and wholesaler Andrew Maguire joins us to discuss the present state of the precious metals markets and what to expect ahead of June option expirations next week.Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years t...Read More

The United States' pig iron import market increased again during the week to Friday May 21 on improved workable price level for buyers, but high offers fromsuppliers in the Commonwealth of Independent States have not yet been accepted. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was at $650-670 per tonne on Friday, up by 2.33% from $640-650 per tonne the previous we...Read More

1. Options expiration for May is today. The trading week has been a rollercoaster ride but it looks like we will have a flat week when it is all said and done. Next week is when we can get back to business as this options expiration game playing is behind us.2. Earlier today, China's Liu He reiterates stance, "crack down on bitcoin" coming; wants to prevent, control financial risks, maintain a ste...Read More

Part 1 (part 2 below)Part 2Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alterna...Read More

0:00 - Introduction0:30 - Year-In-Review2:23 - Wealth Creation6:21 - WTF in 19719:56 - GDP & Reversion16:02 - Dumbest Bubble20:05 - Questioning Experts23:25 - Faith and Gold27:44 - Inflation29:28 - Gold Equities35:26 - What to look for37:25 - Gold/Silver Ratio41:07 - Price Discovery Broken43:08 - Crypto HOLD'ers48:15 - Silver Enthusiasm49:48 - Authoritarianism51:51 - Wrap UpDavid B. Collum is an e...Read More