Money manager Adrian Day reports on the two largest gold miners, both of which recently reported results, and also comments on how precious metals prices have reacted to other market forces, including Bitcoin, since the first of the year. Gold has seen its worst start to a year in three decades, breaking below its 200-day moving average, reportedly reacting to a higher dollar, higher Treasury yie...Read More

Bunker Hill Mining Corp. reported that silver exploration efforts at the Bunker Hill Mine identified high-grade zinc mineralization that is expected to increase and expand the resource base calculation for the upcoming PEA. Bunker Hill Mining Corp. (BNKR:CSE; BHLL:OTCMKTS) reported in a news release that it has "intercepted strong zinc mineralization over significant widths in the upper levels of...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 25 that are worth another look....Read More

Gold continues to wallow near its recent low price level, near $1765.  Silver has continued to trend moderately higher – but still has not broken out to the upside.  Many analysts have continued to estimate when and how metals will begin the next wave higher.  My research team and I believe we’ve found some answers to these questions and want to share our research.Silver...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 25 that are worth another look....Read More

Just kidding. Warren Buffett’s Berkshire Hathaway may or may not own copper stocks. I did not dig deep enough to find out. For the purposes of this post it does not matter.With the Buffett Buys a Gold Stock! hysterics last summer, the subsequent (and inevitable) fallout and the Buffett Pukes a Gold Stock! resolution, you never know. It’s worth asking the question about what sort of inv...Read More

Lithium-ionis about to take on a lot more significance. This is not about your iPhone anymore. It’s not even just about your electricvehicle. Lithium-ion batteries will power a large part ofour world in the future and are now an important aspect of amulti-trillion-dollar energy transition. That makes the world’s handful of lithium producersnow finally a hot item to...Read More

The rise in bulk freight rates, especially from Asia, has dramatically boosted seaborne steel prices and disrupted South American foreign trade, market participants told Fastmarkets in the week to Thursday February 25.Trader sources have reported a material decrease in vessel availability, especially in China, that led to some steel mills cancelling their offers to the continent. Shipping companie...Read More

Hot-rolled coil prices in the United States continue to hit record highs, with further upside expected, Fastmarkets understands. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $61.85 per hundredweight ($1,237 per short ton) on Thursday February 25, up by 0.67% from $61.44 per cwt on Wednesday February 24 and 2.62% higher than $60.27 per cwt one week earlier.Inpu...Read More

Prices for steel reinforcing bar in the United States continue to hold steady, but a raw materials-driven upside to the market may materialize in the near future, market participants said.Fastmarkets' weekly assessment for steel reinforcing bar (rebar), fob mill US remained at $39.75 per hundredweight ($795 per short ton) on February 24. US market While overall market sentiment has remained stable...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 25 that are worth another look....Read More

Jacky Gofflot will become chief executive officer at French lead producer Recylex on Monday March 1 when Sebastian Rudow, who has recently resigned, leaves the company.Gofflot was hired in April last year to manage Recylex's battery-breaking sites, the company said, and brought more than...Read More

The rise in bulk freight rates, especially from Asia, has dramatically boosted seaborne steel prices and disrupted South American foreign trade, market participants told Fastmarkets in the week to Thursday February 25.Trader sources have reported a material decrease in vessel availability, especially in China, that led to some steel mills cancelling their offers to the continent. Shipping companie...Read More

The price of aluminium showed a 2.3% rise and held close to its new 2021 high of $2,243 per tonne during trading on the London Metal Exchange on Thursday February 25.The price of nickel was the only one among the base-metals complex to close lower day on day at the 5pm close, being down by 2.6%.Aluminium's three-month price was up to $2,235 per tonne at the close, from Wednesday's 5pm price of $2,...Read More

Attention in the metals markets shifted this week fromsilver to copper and platinum. While big moves in silver and gold prices maybe coming down the road, the monetary metals are currently taking a back seatto electrical and automotive metals.A massive push by the Biden administration to replacegasoline vehicles with electric vehicles is helping to crank up demand forcopper. Anything involving ele...Read More

The seaborne premium low-volatility hard coking coal fob price slumped dramatically on Thursday February 25, with the latest transaction sealed at $126 per tonne fob Australia. Fastmarkets indicesPremium hard coking coal, fob DBCT: $127 per tonne, down $11.93 per tonnePremium hard coking coal, cfr Jingtang: $219.04 per tonne, unchangedHard coking coal, fob DBCT: $130.07 per tonne, up $0.50 per ton...Read More

Tesla has supported the price of Bitcoin, but it can affect gold as well.The bull market in cryptocurrencies continues. As you can see in the chart below, the price of Bitcoin has recently increased to almost $47,000 (as of February 10). The parabolic rise seems to be disturbing, as such quick rallies often end abruptly. However, it’s worth noting that the price of Bitcoin has partially jump...Read More

Iron ore prices mostly increased on Thursday February 25, supported by healthy mill margins and expectations of a steady rise in demand for steel, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.24 per tonne, up $1.53 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.70 per tonne, up $1.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $160.06 per t...Read More

The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy.But nowhere has this change been as dramatic as the transport industry, w...Read More

The world is awash in debt, an immense, unfathomable ocean of financial obligations. The stack of IOUs is so enormous, the balances so large, they will never be fully settled without dreadful consequences to the global economy. This tsunami of debt was unleashed in 1971, when Nixon ended the backing of the US dollar with gold.Since 1971, US debt and gold price have increased greatly. Traditionally...Read More