Sienna Resources is pleased to announced that it has entered into an option agreement with EMX Royalty Corporation to acquire theRead full newsRead More
FenixOro Gold Corp is pleased to announce that it has received thRead full newsRead More
The total capitalisation of the crypto market has receded by $16.7 billion over the last seven days. Bitcoin lost almost 5% last week, while the restRead full newsRead More
Gold climbed as investors weighed the impact of the Federal Reserve's new approach to setting U.S. monetary policy, with a more relaxed stance on inflation.Read full newsRead More
Warren Buffett buying a gold stock is one of the most shocking pieces of news I have heard in quite some time. Over time, I read books that stated his views on gold. He has criticized it as being a non-producing asset, which it certainly is, that does not produce a yield over time. He is not wrong in this assessment, of course, but gold isn’t held because of its yield.Furthermore, Buffett is...Read More
It’s no secret that gold’s been rallying for the past few months. After its recent pullback, though, investors may be wondering if it’s reached its high.Since the start of the pandemic, it was clear the economic toll would be massive. This resulted in governments moving swiftly to provide stimulus and prop up economies that were falling off a cliff.While this was crucial in stopp...Read More
TFSA savers have a lot to lose by sitting around on the sidelines, as they witness TSX Index continue its march towards pre-pandemic highs. Sure, the COVID-19 pandemic has decimated the world economy, and it could get a whole lot worse, so it may be smart to have some dry powder on the sidelines.Given the unprecedented monetary stimulus to combat this COVID-19 crisis, however, investors need to be...Read More
While the stock market is at all-time highs, gold is right up there near them as well.This may seem counter-intuitive with both rising at the same time. In some ways it is, but it isn't.It isn't just a doom-and-gloom counter-narrative, though plenty of gold haters always see any rise in gold prices that way.Instead, what we're seeing is the formation of a long-term trend both in underlying causes...Read More
Aug 28, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Despite Thursday's precious metal sell-off, conditions have not changed for gold and silver, said Peter Hug, division head for precious metals at Kitco.Speaking to Kitco News on Thursday, Hug said conditions are positive for gold due to the amount of fiscal support provided by banks."The macro picture has not changed. [Every]...Read More
Aluminium billet premiums inched higher in Germany, Spain and Brazil on Friday August 28 as demand in those countries improved, while premiums in the United States, Italy and Thailand were steady.Some European premiums rise ahead of Q4 talks Several billet premiums in Europe rose on Friday, with demand starting to increase and sentiment turning slightly more bullish as a result. The uptrend c...Read More
Three-month prices for all base metals on the London Metal Exchange except lead rose on Friday August 28, with nickel leading the rally.Fastmarkets analyst Andy Farida attributed Friday's rally to market reaction to a speech by US Federal Reserve chairman Jerome Powell on Thursday August 27. Powell signaled to the market that the US Federal Reserve will relax its inflation target of 2% in a bid to...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 28.China The low end of domestic prices moved up by 50 yuan ($7) per tonne on higher offers and tight spot availability, amid buoyed sentiment...Read More
The raising comprises a $126 million placement at $2.52 per share, a 13% discount to Orocobre's Thursday closing price. The company will issue 50 million shares, representing 18.Read More
The South African gold and platinum group metals producer's small but unexpected ZAR50c/share (US2.95c/sh) interim dividend on 718% higher EBITDA of US$990 million than the same period in 2019, and robust free cash flow of US$655 million came six months early for some analysts."This is equivalent to 15% of normalised earnings and comes ahead of our expectations for a cash dividend reinstatement at...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 28.China The seaborne manganese ore low-grade index was only slightly changed amid low liquidity while market participants had underlying concerns about growing inventories in China. The seaborne price for high-grade ore rose with one producer successfully raising prices, indicating less conce...Read More
Company news EMEAGem Diamonds announces the recovery of a 442ct Type II white diamond from its Letseng mine in Lesotho amid a severely depressed diamond market.Eurasian Resources Group reveals its programme, Momentum-ON, helping the company's employees and their families during COVID-19 by encouraging young people to develop entrepreneurial skills.Ganfeng Lithium reports a difficult first ha...Read More
Fastmarkets copper concentrates treatment charges and refining charges (TC/RC) index stayed largely flat at its multi-year low level from a week ago.The spot market has been relatively quiet this week with smelters buying a handful of clean concentrates parcels in the high $40s, while some deals, with tonnages extending into the fourth quarter this year and first quarter next year, are said to be...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More