McClellan Financial Publications, IncPosted May 26, 2021May 21, 2021As detailed here back in January 2021,the movements of gold prices tend to get echoed about 20-1/2 months later in the movements of long-term interest rates.The replication of gold’s movements is not perfect, and we really should not expect perfection almost 2 years later.The fact that gold’s movements have any correla...Read More

The proceeds will be used to advance the exploration and development of its Panuco silver-gold project in Sinaloa, Mexico, to make option payments and pursue strategic opportunities.Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ, OTCQB: VENZF) ("Venzee" or the "Company")announces that it will file 2021 first quarter results after market Monday, May 31 and hold a conference call to discuss these financial results on June 1, 2021.John Sexton Abrams, Chief Executive Officer, and Darren Battersby, Chief Financial Officer of Venzee Technologies, will discuss the results in...Read More

The Kamoa Kakula copper mine in the Democratic Republic of Congo (DRC) is the latest greenfield copper project to come online, having started concentrate production on Tuesday May 25. Jointly owned by Zijin Mining and Ivanhoe Mines, the copper mine began concentrate production ahead of schedule when the first batch of copper ore containing 5-6% copper content was conveyed from the underground mine...Read More

"We're not a huge believer in a super-cycle now," said Geordie Wilkes, head of research at Sucden Financial, at the online LME Asia Metals 2021 seminar.Read More

Chinese market participants showed more buying interest in seaborne alumina cargoes this week, with a stronger yuan giving them more purchasing power in overseas markets, several sources told Fastmarkets on Wednesday May 26. "We heard [the Chinese] have interest in [buying seaborne] alumina although we didn't hear too many offers at the index basis [in the market]," one alumina trader said. Severa...Read More

Here are five Fastmarkets stories you might have missed on Wednesday May 26 that are worth another look.The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021,...Read More

Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More

Turkish steel producers resumed their deep-sea scrap bookings when buying a US-origin cargo at a lower price than in other recent deals, market participants told Fastmarkets on Wednesday May 26.A Turkish steelmaker booked the US cargo, consisting of 44,000 tonnes of HMS 1&2 (95:5) at $515 per tonne cfr.The most recent deep-sea transactions were done at the end of last week.A steel mill in the Iske...Read More

The UK government has announced ?166 million funding to drive forward development of green technology and development as part of its Green Industrial Revolution, with UK steelmakers set to receive cash.The funding package will benefit energy-intensive businesses such as steelmaking and manufacturing and falls under the UK Prime Minister's 10 Point Plan for a green revolution, which includes remov...Read More

Market participants expect long-term support for aluminium scrap prices in Europe following growing demand for low-carbon aluminium. According to the European Union's taxonomy for sustainable activities, which serves as a guide to direct investment for sustainable projects, there are fewer criteria to be met for the manufacturing of secondary aluminium to be considered a sustainable project. "All...Read More

Base metals prices on the LME and SHFE were mixed - albeit with a slight upward bias - this morning, Wednesday May 26. But the rebounds seem half-hearted, with some erring on the side of caution judging by the lower treasury yields and stronger gold price. While the United States Federal Reserve generally seems to be remaining dovish, the vice chair, Richard Clarida, spoke of a "soft landing"........Read More

Fastmarkets reporters round up some of the key discussion points from the Cobalt Institute's annual conference, which ran virtually this year on May 18-19. EU regulation likely to have global impact The European Union's battery regulation policy has called for a minimum recycled content of cobalt in each electric vehicle (EV) and industrial battery cell. From 2030, 12% of the cobalt must be r...Read More

Share this article VANCOUVER - Northern Vertex Mining Corp. [NEE-TSXV; NHVCF-OTC] on Wednesday May 26 released results from its multi-phase infill and resource expansion drilling program at the 100%-owned Moss mine in northwestern Arizona. The latest results are focused along strike to the east of the producing gold mine.Drilling highlights include 21.34 metres grading 1.98 g/t gold and 23.75 g...Read More

Sometimes an opportunity comes around that is simply too good to ignore.Of course, the veteran members of our investment community here at Energy and Capital have seen one particular opportunity coming for a few years.All it needed was something to push it over the edge, a trigger that would ensure the market would gain incredible momentum going forward.Well, last month we saw it.I'm not intention...Read More

You might not know it today with your lightning-fast cars and fancy clothes, but there was a time in the not-too-distant past when the human race was haunted by the specter of famine.Human history is filled with a never-ending cycle of overpopulation and crop failure. However, like many problems of the past, death from famine has largely been solved, but not due to the hysteria of the Malthusians...Read More

Domestic prices for European heavy steel plate increased again in the week to Wednesday May 26, supported by good demand, sources told Fastmarkets."Demand is definitely good but still missing the boost that would come from projects, especially in Italy," an Italian producer said.Market sources said that lead times from domestic suppliers have been getting longer. German mills have already started...Read More

Domestic prices for cold-rolled coil continued to increase across Europe in the week to Wednesday May 26 due to the persistent shortage of material, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?1,250-1,300 ($1,530-1,592) per tonne on May 26, compared with ?,?1,250-1,270 per tonne a week earlier.The assessment was based on achiev...Read More

Domestic prices for hot-rolled coil in Europe have continued to rise, supported by tight domestic and overseas supply and strong demand, sources told Fastmarkets on Wednesday May 26.Although buyers had to accept higher prices to secure their required volumes, they have become more cautious about the sustainability of the upward trend in Europe due to falling prices in China.The drop in Chinese fla...Read More

Here are five Fastmarkets stories you might have missed on Wednesday May 26 that are worth another look.The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021,...Read More