Attorneys Patricia and Mark McCloskey, the St. Louis homeowners who pulled out their guns on Black Lives Matter protesters are expected to addressContinue...Read More
The CIS export billet market was under pressure from lower bids from foreign customers early this week, Fastmarkets has heard, and trading activity on Tuesday August 18 was limited.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $397 per tonne on August 18, down by $3 per tonne day on day.Customers in Turkey were ready to pay $410 per tonne cfr for material with prompt deliv...Read More
The Post Office is a joke. They lose many things and their explanation was COVID. Throwing $3.5 billion into the Post Office is pointless. Continue...Read More
Prices for steel rebar in the United Arab Emirates have continued to increase over the past week but buying was only moderate, market sources said on Tuesday August 18.Domestic rebarSince Monday, the country's biggest rebar producer has been offering the product at 1,830 dirhams ($498) per tonne ex-works for orders to be produced in September. This was up from 1,773 dirhams per tonne ex-works for...Read More
GoldMining has assembled through acquisitions a multinational gold portfoliocomposed of 11.4 million ounces gold in the Measured & Indicated categories and 13.8 million ounces gold in the Inferred category and recently formed a royalty subsidiary that former Goldcorp CEO David Garofalo will head. Almaden projectGoldMining Inc.'s (GOLD:TSX; GLDLF:OTCQX) strategy is disciplined: buy resource-stage...Read More
Lion One Metals aims to better understand the orientation of the feeder structure. Gold veining on hole TUDDH500Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) finished diamond drilling hole TUDDH500 at its Tuvatu project on Fiji, received gravimetric fire assay results and started another hole, it announced in a news release.The British Columbia-based explorer drilled TUDDH500 to a depth of 863.4...Read More
Peter Krauth discusses Warren Buffett's big move into gold and discusses why the price of the metal is likely to climb much higher. Warren Buffett has long been known as one of the biggest gold-haters around. Yet in one move he's helped gold go mainstream.The "Oracle of Omaha's" about face could be the ultimate Buy Signal.For millions of investors, seeing Buffett dump banks while buying gold is l...Read More
Troilus Gold's recent project resource update and the company's undervaluation in the market are discussed in a Cormark Securities report. In a July 29 research report, Cormark Securities analyst Richard Gray reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) quickly grew the resource at its Troilus gold project in Quebec to 8.11 million ounces of gold equivalent (8.11 Moz Au eq) yet remains...Read More
Independent financial analyst Matt Badiali discusses Warren Buffett's recent move. The biggest news in gold mining, after the record price, is Warren Buffett's Berkshire Hathaway recent disclosure. They informed the world that they invested in Barrick Gold Corp. (ABX:TSX; GOLD:NYSE).That sent financial twitter ablaze, because Buffett is a famous gold hater. He famously said in 1998:"(Gold) gets d...Read More
Today, if gold had the same kind ofperformance as the Dow since around the creation of the Federal Reserve in1913, then it would have topped out at around $7 758 [(29568/78.78)*20.67].Yet, it only has an all-time high of about $2 089.In 1973 gold was in a similar type ofposition. The Dow had peaked at 1067.2 (in Jan 1973), which represented aX13.55 (1067.2/78.78) since 1913. If gold had scored a s...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 18 that are worth another look.The annual Asia Copper Week gathering has been canceled this year due to the global spread of Covid-19, its Chilean organizer, the Center for Copper and Mining Studies, announced on August 18.Digital financing will ease...Read More
The board of directors of Brazil-based miner Vale has approve a project to expand capacity in the miner's Serra Sul iron ore site, in the country's northern Caraj??s region, by 20 million tonnes to 120 million tonnes per year. The Serra Sul 120 project will expand the production capacity of Vale's S11D mine and plant, which is the main unit in the Caraj??s region, with start-up expected to the fir...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 18 that are worth another look.The annual Asia Copper Week gathering has been canceled this year due to the global spread of Covid-19, its Chilean organizer, the Center for Copper and Mining Studies, announced on August 18.Digital financing will ease...Read More
A summary of base metals premiums from across the globe for the week to Tuesday August 18.Please click...Read More
Ferrous scrap prices in Mexico have increased in the past week, with some steelmakers trying to secure orders amid a recovery in demand from end-users and higher international prices.Increases were mostly reported in the central Baj?-o region of Mexico, while around the northern city of Monterrey scrap buyers have adopted a wait-and-see stance."There is more pressure for price increases in central...Read More
The three-month base metals prices on the London Metal Exchange were higher at the close of trading on Tuesday August 18, after positive US housing starts and building permits data supported complex-wide buying into the afternoon, with copper led the complex by closing at its highest level since June 2018. Copper's outright price on the LME closed at $6,567.50 per tonne on Tuesday afternoon, climb...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 18 that are worth another look.The annual Asia Copper Week gathering has been canceled this year due to the global spread of Covid-19, its Chilean organizer, the Center for Copper and Mining Studies, announced on August 18.Digital financing will ease...Read More
Last Tuesday's near-vertical decline happened far too quickly for a bottom to have formed. Once the overbought conditions are resolved...by Michael Ballanger via Streetwise ReportsIn watching the travesty of disinformation, misinformation and moral hazard formation ongoing in the global financial markets, I am immediately reminded of a case study from my university days of which I was a part, the...Read More
The three-month base metals prices on the London Metal Exchange were higher at the close of trading on Tuesday August 18, after positive US housing starts and building permits data supported complex-wide buying into the afternoon, with copper led the complex by closing at its highest level since June 2018. Copper's outright price on the LME closed at $6,567.50 per tonne on Tuesday afternoon, climb...Read More
The three-month zinc price on the London Metal Exchange consolidated slightly higher during morning trading on Tuesday August 18, building on a rally at Monday's close, while tin futures remained subdued over the morning. Zinc's outright price on the LME was recently trading at $2,470.50 per tonne, climbing by 0.8% from $2,442 per tonne at yesterday's close. Turnover was moderate at just over 3,70...Read More