FRANKFURT (Reuters) -Tightening monetary policy now to rein in inflation could choke off the euro zone's recovery, European Central Bank President Christine Lagarde said on Monday, pushing back on calls and market bets for tighter policy.With inflation already twice its 2% target and likely rising further later this year, the ECB is coming under increased pressure to abandon its ultra easy monetar...Read More
Here are five Fastmarkets stories you might have missed on Monday November 15 that are worth another look.Ferro-alloy supply-side disruptions will likely continue well into 2022 with production cuts in China and capacity in other regions insufficient to meet demand amid persistent logistics constraints, panelists said on Sunday November 14 during...Read More
Mr. Mac Balkam reportsESKAY MINING ENTERS INTO AMENDED COST SHARING AGREEMENT WITH SEABRIDGE GOLD TO FINANCE COULTER CREEK ACCESS ROADFurther to the joint news release of Eskay Mining Corp. and Seabridge Gold Inc. issued July 5, 2021, Seabridge and Eskay Mining have amended the terms of their original agreement to share equally the costs of construction of the first nine kilometres of the Coulter...Read More
Mr. John Mirko reportsROKMASTER IDENTIFIES NEW GOLD-SILVER, ZINC-SILVER STRIKE EXTENSIONS AND TRENDSRokmaster Resources Corp. hasoutlined recent progress at its Revel Ridge project, including: (1) characterizing the southeastern gold-rich extension of the Revel Ridge Main zone (RRMZ); (2) outlining a second mineralized trend potentially characterized by the carbonate-hosted (carbonate replacement...Read More
Sir Brian Bender, chairman of the London Metal Exchange for almost a decade, has died at age 72.Bender joined the LME in 2010, fresh from a lifelong career in the British civil service, and described himself in an interview with Metal Market Magazine on his retirement in 2019 as a "slightly leftfield candidate" for the role.He presided over a transformative period of change at the exchange, includ...Read More
RYE, N.Y. -- (Business Wire)The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American: GGN) (the "Fund") approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of January, February, and March 2022. Based on current dynamics, the Fund may make distributions in e...Read More
Mr. Carl Lofberg reportsFIREFOX GOLD COMPLETES ANOTHER ROUND OF DRILLING AT MUSTAJARVI PROJECT AND MOVES DRILL TO UTSAMO PROSPECT IN NORTHERN FINLANDFirefox Gold Corp. has provided an update on its diamond drilling campaign that is under way testing up to four of the company's gold properties in Finland's central Lapland greenstone belt, as announced on Oct. 6, 2021.FireFox has completed the first...Read More
Base metals prices closed lower on the London Metal Exchange on Monday November 15, extending a downward consolidation amid an uncertain macroeconomic picture and a strong United States dollar index.Nickel's three-month price registered the largest fall on Monday, with a drop of $19 per tonne from $19,979 per tonne at the close on Friday. The metal traded as high as $20,030 per tonne - its highest...Read More
Bob Moriarty ArchivesNov 15, 2021I make it crystal clear in my investment books Nobody Knows Anything and Basic Investing in Resource Stocks that there is no magic to investing if you follow a reasonable set of rules. As I have so accurately pointed out just recently, predicting the future of any price movement can be fraught with problems. However looking at a map to see just where you are today...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) - First Quantum Minerals (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the company's Chief Operating Officer (COO), to the role of Chief Executive Officer (...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) - Teck Resources, one of Canada's leading mining companies, has been named to the S&P Dow Jones Sustainability World Index (DJSI) for the 12th consecutive year and is ranked #1 in the Metals and Mining i...Read More
There's one thing that I've noticed over the years: whenever bull markets (or bull legs up after correction lows) begin, prices go down dramatically, but the upward trend crawls so slowly as not to be noticeable. That is, until you compare those prices over a longer term.We're now just one month from the miner lows of September 29. The last day of October saw a big dramatic downdraft in pric...Read More
Still weakened manganese alloy and steel markets have reversed the rally seen in manganese ore markets since early September, with prices for both low- and high-grade seaborne manganese ore falling over the week ending November 12.Fastmarkets' manganese ore 44% Mn, cif Tianjin price index was calculated at $5.66 per dry metric tonne unit (dmtu) on Friday, down by $0.14 (-2.41%) from $5.80 per...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...Read More
Global ferro-alloy markets have been supercharged this year by robust demand and supply shortages that began when the world's major producing countries faced extensive electricity limitations. With many alloy prices near record highs, conversation at this year's International Ferro-alloys conference in Prague over November 14-16 will focus on the surge in electricity prices in China and Europe, th...Read More
By Kitco News For Kitco NewsFollow @kitconewsnownewsfeedback@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for information...Read More
Slumping coal prices and falling Chinese developers dampened sentiment, Marex's Anna Stablum said from the LME Desk (Singapore)."Chinese equity indices traded in negative terrain, despite better-than-expected retail sales and industrial production data," she said.Nickel closed down 1.8% and cash copper lost 1.38%.US president Joe Biden has just signed the big-spending Bipartisan Infrastructure Dea...Read More
By Michael McCrae For Kitco NewsFollow michaelmccraemmccrae@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational...Read More
The latest data for the global manganese ore market for the week ending November 15, 2021.Read More
The company, which commenced the quarter with A$3 million in the bank, has secured firm commitments for a $7 million placement to follow up on what it described as "spectacular intersections" at SalaRead More