The main pit at Golden Star Resources' Wassa gold mine in southwestern Ghana's Ashanti gold belt. Credit: Golden Star Resources. Golden Star Resources has announced it will sell its 90% stake in the Bogoso-Prestea gold mine in southwestern Ghana to Future Global Resources for $55 million and contingent payments of up to another $40 million.The mine is about 40 km from Golden Star's Wassa gold...Read More

Here are five Fastmarkets stories you might have missed on Monday July 27 that are worth another look.No spot trading was heard for imported rebar into Singapore in the week to July 27, due to high inventory levels and weak downstream demand, market sources told Fastmarkets.Will a call via social media...Read More

The three-month price of tin on the London Metal Exchange was higher at the close of trading on Monday July 27, at its highest settlement price since July 2019 in a 2.2% rise on the day, with lead futures following upward despite a sizable 10,000-tonne stock inflow.Tin's outright price on the LME closed at $18,035 per tonne on Monday afternoon, climbing by more than 2% from an intraday low of $17,...Read More

Diversified downstream requirements on costs and performance will point to the need for different battery chemistries, but in the long run, nickel-rich batteries will dominate the electric vehicle (EV) market, delegates heard during Fastmarkets' "A critical look into the impact of Covid-19 on cathode materials" webinar on Tuesday July 21. Most of the new demand for EV batteries last year were for...Read More

Bob Moriarty ArchivesJul 27, 2020I put outa short update on a few favorite companies on my site on Friday. That turned out to be excellent timing as Lion One released assay results on Friday as well. The numbers were off the chart.Hole TUDDH500 reported 12.7 meters of 46.14 g/t gold. In the text above the numbers it shows 7 meters but if you look at the interval it indicates 12.7 meters. That seem...Read More

Jack ChanPosted Jul 27, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.Data is also supportive for overall higher silver prices.Our ratio...Read More

Many Chinese importers have become wary of logistics and customs clearance uncertainties, which has resulted in a widening of the price spread between recycled product and refined copper so far in July 2020."Although offer prices of copper scrap are lower now, we are not at [the level of] the spot market," a copper scrap consumer source said.Fastmarkets assessed the price of copper scrap No2 coppe...Read More

"Precious metals have extended gains with gold reaching record highs and looking set to test the $2,000 mark," Marex Spectron's Alastair Munro said from the LME desk."The surge continues for gold, with no sign that it will run out of steam any time soon," IG chief market analyst Chris Beauchamp said yesterday."It makes sense to expect further gains, especially since the intraday charts provide no...Read More

Resistance among some Chinese manganese ore traders to make further compromises on offer prices has prevented portside prices from falling significantly in the week to Friday July 24, market sources told Fastmarkets. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 34.60 yuan ($4.93) per dry metric tonne unit (dmtu) on Friday. This is equivalent to $4.2...Read More

China imported 422,573 tonnes of alumina from the seaborne market in June 2020, up by 57.3% compared with imports of 268,573 tonnes in May, according to Chinese customs data released on Friday July 24.This was almost 7.5 times of the volume of 50,000 tonnes imported in June 2019, and was the highest monthly alumina imports total since February 2016.China has imported 1.91 million tonnes of alumina...Read More

Here are five Fastmarkets stories you might have missed on Monday July 27 that are worth another look.No spot trading was heard for imported rebar into Singapore in the week to July 27, due to high inventory levels and weak downstream demand, market sources told Fastmarkets.Will a call via social media...Read More

Diversified downstream requirements on costs and performance will point to the need for different battery chemistries, but in the long run, nickel-rich batteries will dominate the electric vehicle (EV) market, delegates heard during Fastmarkets' "A critical look into the impact of Covid-19 on cathode materials" webinar on Tuesday July 21. Most of the new demand for EV batteries last year were for...Read More

Now, in our third year of the survey and the Global Leadership Report (GLR) - to which the survey is geared - we can draw some meaningful year-on-year comparisons and identify trends in whatRead More

Turkish domestic steel scrap prices have continued to increase over the past week amid rising imported scrap values, sources said on Monday July 27.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 1,720-1,975 lira ($251-288) per tonne on Monday, up from last week's 1,660-1,940 lira per tonne.The Turkish steel producers have raised their buy p...Read More

Daniel R. Amerman, CFAAs shown in the graph below, the first half of 2020 produced an unusual change in the relationship between gold prices, stock prices and recessions, something that has only happened twice before in the last fifty years. Each of the two previous times this has occurred after a long run up in stock prices, it has been part of a cyclical change to a cycle favoring gold over st...Read More

Mark O'Byrne, GoldCore? + Gold prices have surged through the all time record nominal high of $1,915/oz in 2011 to over $1,942/oz today due to concerns about the outlook for stocks, bonds and other assets amid a very vulnerable U.S. and global economy.? + Gold has surged to new record highs in all major currencies today including new record highs in British pounds at ?1,514/oz and in euros at EU...Read More

By: Gary SavageThis phase usually will last 5-10 days. Key USDX technicals:https://blog.smartmoneytrackerpremium.com/Read More

Gold is setting fresh record highs with prices having been as high as $1,943.70 per oz this morning, Monday July 27, while the base metals on the London Metal Exchange were up by an average of 0.8%. Hopes and fears are driving the markets, with the hope of further United States stimulus underpinning equites and industrial metals, while concerns about the US-China diplomatic relations and how the o...Read More

Will a call via social media for "more nickel" give a jolt to the electric vehicle (EV) revolution that has been stalled by the Covid-19 pandemic? Or will suppliers find themselves unable to fulfil the dreams of entrepreneur Elon Musk?The three-month price of nickel on the London Metal Exchange has jumped by 6% since Musk, chief executive officer of EV producer Tesla, made a public plea for global...Read More

Diversified downstream requirements on costs and performance will point to the need for different battery chemistries, but in the long run, nickel-rich batteries will dominate the electric vehicle (EV) market, delegates heard during Fastmarkets' "A critical look into the impact of Covid-19 on cathode materials" webinar on Tuesday July 21. Most of the new demand for EV batteries last year were for...Read More