Warren Buffett has often shot down gold as an investment when the topic has come up in the past. Over prolonged periods, the “magical metal was no match for the American mettle.” according to Buffett, who is no fan of the “unproductive asset” that is gold.Gold has become a hot topic again, with tensions building the Middle East. While many folks see gold as an excellent ins...Read More
Photo courtesy of Tugliq Energy and Raglan Mine, a Glencore Company, 2019 award recipient.The Art of mining, PwC Canada's annual photography contest celebrating the Canadian mining industry at home and abroad is back.Canadian mining companies are reimagining the way they work to prepare themselves for growth in the long term. The speed of technological change is unrelenting, and the industry is f...Read More
Piles of Salt, Salar de Uyuni Bolivia Luca Galuzzi - Image courtesy of Wikimedia Commons Investment in battery manufacturing plants and electric vehicle factories continues to boom around the world, but for now the market for lithium shows no signs of emerging from a four-year slump. Prices for the raw material used in lithium-ion batteries fell again at the end of last year, according to the D...Read More
The 2020 Consumer Electronics Show is in full swing out in Las Vegas, and already, big ideas are being announced.Toyota may just have the biggest, not only in ambition but in actual physical size.Here it is...What we're looking at here is a rendering of what Toyota is calling Woven City, a nod to its origin as a maker of automatic looms.The small city will sit not far from Mount Fuji in Japan, hou...Read More
Jan 10, 2020 Guest(s): Phillip Streible Chief Market Strategist, Blue Line Futures Gold's solid fundamentals are set to see prices head higher, and geopolitical tensions in the Middle East are simply "green shoot" events that offer traders and investors a short-term opportunity to take gains, this according to Phil Streible, chief market strategist of Blue Line Futures. "I think the underlying f...Read More
Credit: BDG International Inc. New ocean shipping regulations could have a big impact this year.Under International Maritime Organization (IMO) rules that came into effect on Jan. 1, emissions from fuel used in ocean carriers cannot exceed a sulphur content of 0.5%.With current sulphur content at about 3.5%, the coming switch to low-sulphur fuel is enormous, both as an undertaking and in its far-...Read More
High grade silver sample from Castle mine. Image from Canada Cobalt Works. Canada Cobalt Works (TSXV: CCW) announced Friday that assays from the second wedge hole at the Robinson Zone at Castle East, a new grassroots high-grade discovery in Ontario adjacent to three past producers, have returned 70,380 g/t silver (2,053 oz/ton) over 0.30 meters within a broader zone of 1.4 meters 20,136 g/t...Read More
Fosterville operation in Australia. Photo by Kirkland Lake Gold Kirkland Lake Gold (TSX, NYSE: KL) has announced record gold production for the fourth quarter and full year 2019. Production in Q4 2019 reached 279,742 ounces, an increase of 21% from the 231,217 ounces for the same period in 2018, driven mainly by record quarterly production at the Fosterville mine in Australia.Full-year production...Read More
Premiums for primary foundry alloy in the United States and Europe were unchanged on Friday January 10 in an illiquid global market.Fastmarkets assessed the aluminium wheel alloy silicon 7 ingot/T-bar premium, dlvd dup over P1020A Midwest US at 7-10 cents per lb on Friday, unchanged from the previous monthly assessment and holding at an all-time low. With limited spot opportunities and abunda...Read More
Base metals prices on the London Metal Exchange consolidated higher at the close of trading on Friday January 10, edging slightly upward on moderately low turnover, while volatility in the aluminium complex saw strong stock moves make little change to its outright price.Aluminium's underlying price settled at $1,806 per tonne in the afternoon, a climb of just 0.1% over the day, while the total vol...Read More
An overview of the battery raw materialsmarkets and their price moves from the pastweek.Read More
An overview of the battery raw materialsmarkets and their price moves from the pastweek.Read More
Adam HamiltonArchivesJan 10, 2020 Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never las...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 10. China UG2 chrome ore prices rose after South African sellers successfully raised their offer prices in response to the appreciation of the rand. Buying interest improved for chrome ore and there were reports of traders coming into the market to acquire material at the...Read More
China has allowed China Molybdenum Co (CMOC), the winner of the recent auction of ammonium paratungstate (APT) stocks held by the defunct Fanya Metal Exchange, to export tungsten in 2020-2021, according to the Ministry of Commerce.CMOC won 28,336 tonnes of Fanya's APT stocks in an auction held in September last year. The amount represents an estimated three months of Chinese output.The purchase ha...Read More
Significant power disruptions and adverse weather saw Tharisa produce 342,500 tonnes of chrome concentrate (up 0.2%) and 34,400t of PGMs (down 9.5%) in Q4.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 383,48061,189139,363202,452558,533725,295759,085 Change from Prior Reporting Period 1,8607,494-1,248-473-10,883139-4,637 Traders 23670875458324185 Small Speculators LongShortOpen Interest 60,56226,772785,857 -4484,328-309 non reportable positionsChange fr...Read More
- Richard (Rick) MillsGold's safe haven status was tested this week, as Iran countered the assassination of its top military commander with missile strikes against two Iraqi bases housing US troops.On Tuesday night Tehran fired over a dozen missiles at the Al-Asad airbase and Erbil airport, in obvious retaliation against an American drone strike a few days earlier that killed General Qasse...Read More
Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never last long, and the gold buy...Read More
- Gary TanashianOnce again I have to disclaim that at the moment (and for quite some time now) I hold not one single short position, in anything. I am only long US and global stocks. But also managing cash and portfolio balance as usual while feeling as though I'm playing a game of Musical Chairs while the music still plays (nothing nearly as good as Keith's style, which has always resonated w...Read More