Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market is seeing new bullish momentum after U.S.inflation data rose to its highest level in more than three decades, and someanalysts are looking for a move back to $1,900 an ounce in the near...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Gold and silver prices are solidly higher at middayWednesday, with gold notching a five-month high and silver a three-month peak.Hot inflation numbers from the U.S. and China fueled buying interest in t...Read More
By Mariya GordeyevaALMATY, Nov 9 (Reuters) - Kazakhstan is struggling to meet the energy needs of its booming cryptocurrency mining industry, which is flourishing thanks to cheap power and an exodus of crypto miners from neighbouring China.The Central Asian nation of 19 million has become the world's second-biggest bitcoin mining location after the United States in recent months, according to the...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -Formany gold and silver market bulls, it took a while for their markets to catchfire due to rising and even problematic inflation around the globe. However, atmid-week it appears traders are now seeking...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) -The gold market is seeing bullish volatility as consumer price pressures were significantly hotter than expected last month.Wednesday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0...Read More
Nov 10 (Reuters) - Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets.Less than three years ago, a similar analysis by Reuters found car companies planned to spend $30...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 10 that are worth another look.Focusing on the United Nation's 17 Sustainable Development Goals could be a "better framework" to capture the overlap between the environmental, societal and governmental aspects that mining companies have to consider in their moves toward sustainability, the chief...Read More
By Reuters StaffNov 10 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she expects high inflation to moderate once COVID-19 recedes, and repeated that it would be “quite premature” to raise rates now or even to speed up the Fed’s bond-buying taper.“Uncertainty requires us to wait and watch with vigilance,” Daly said in an interview...Read More
Focusing on the United Nation's 17 Sustainable Development Goals could be a "better framework" to capture the overlap between the environmental, societal and governmental aspects that mining companies have to consider in their moves toward sustainability, the chief executive officer of International Council of Mining and Metals Rohitesh Dhawan said on November 10. Speaking at the UN's COP26 meetin...Read More
Blockchain technology can now dynamically track your personality profile and store information on a database, with applications ranging from human resources, advertising, and even intelligence gathering, according to Sallyann Della Casa, chief identity hacker at GLEAC. "We're building the largest dataset of human skills applications in tricky work situations," Della Casa told David Lin, anchor for...Read More
Nickel premiums rose in Europe and the United States in the week ended November 10 due to tight supply conditions pushing premiums and spot activity higher; China retreated slightly amid an increased arbitrage loss.US nickel premiums continue to rise to historic highsPremiums in Europe rise to highest level in 2021Chinese premiums retreat slightly with arbitrage loss between London and ShanghaiEur...Read More
ReutersWASHINGTON, Nov 10 (Reuters) - The U.S. securities regulator on Wednesday halted registration for two digital tokens offered by Wyoming-based American Cryptofed DAO LLC, accusing the company of providing misleading information to investors in regulatory filings.The U.S. Securities and Exchange Commission (SEC) said in a statement that American Cryptofed "filed a materially deficient and mis...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Analyst's at Credit Suisse have been analyzing the gold market for a potential direction. The team has put together a few scenarios in the bank's latest research note. The bank said "Gold remains...Read More
WASHINGTON, Nov 10 (Reuters) - U.S. consumer prices increased more than expected in October as the cost of gasoline and food surged, leading to the biggest annual gain since 1990, further signs that inflation could remain uncomfortably high well into next year amid snarled global supply chains.The consumer price index rose 0.9% last month after gaining 0.4% in September, the Labor Department said...Read More
NEW YORK (Reuters) - Wall Street ended the session in negative territory on Wednesday as investor risk appetitive was curbed by surging consumer prices, which stoked worries of a protracted wave of hot inflation.All three major U.S. stock indexes lost ground, extending their losses throughout the trading day and adding to Tuesday's sell-off which snapped the S&P 500's and Nasdaq's eight-sessio...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Osisko Gold Royalties (OR: TSX & NYSE) reported today that the company earned 20,032 gold equivalent ounces (GEOs) in Q3 2021, up 20% compared to Q3 2020 (16,739 GEOs).Importantly, the company posted r...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Lundin Gold (TSX: LUG) today reported third quarter 2021 gold production of 107,663 oz from its Fruta del Norte gold mine in southeast Ecuador resulting in gold production of 320,599 oz for the nine mo...Read More
Prices for low-carbon ferro-chrome continued to rise strongly in the week to Wednesday November 10, with the market still undersupplied and prices reaching a new record high since collapsing in November 2008.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, was $3.80-4.09 per lb Cr on November 9, up by 34-37 cents from $3.43-3.75 per lb Cr two weeks earli...Read More
Chile plans to invest $68.93 billion in 51 different mining projects during the years 2021-30, a 6.92% decrease from the $74.05 billion previously expected for 2020-29, national copper commission Cochilco said on Monday November 8.The largest capital expenditures on the list were a $5.57-billion copper reserve replacement at Codelco's El Teniente division, a $5.20-billion copper mining expansion t...Read More
Nov 10 (Reuters) - Traders sent real yields on U.S. Treasuries to record lows on Wednesday after new consumer price data reinforced inflation concerns and flattened a closely watched part of the yield curve.The yield on 10-year Treasury Inflation Protected Securities dipped as low as -1.243% and the yield on 30-year TIPS went as low as -0.608%, both records, in morning trading.The moves came after...Read More