Japan's top smelter, JX Nippon Mining & Metals, is buying a stake in its majority-owned Caserones copper mine in Chile, which was put up for sale on Nov.9 by its partners in the operation, Mitsui & Co and Mitsui Mining and Smelting.The move doesn't come as a surprise as Caserones has been a source of ongoing worries for its owners, even before it began producing in May 2014.The project's cost m...Read More
Caldas Gold (TSXV: CGC; US-OTC: ALLXF) reported high-grade assays from its Marmato asset in Colombia, including a record 5.73 grams gold per tonne and 5.2 grams silver per tonne over 63 metres from 356 metres downhole. The intercept in drill hole MT-IU-076 was part of a broader 386-metre intersection of 2.34 grams gold and 3.5 grams silver starting from 312 metres in the New Zone, which remains op...Read More
Chinese steel production has been enough to cushion the global vanadium market from weaker demand in Europe and the United States in the fall-out from the coronavirus pandemic, according to Paulo Misk, president and chief executive of Largo Resources. "China - the country we [in February] thought was most affected [by Covid] - actually saw a surge of vanadium consumption. In the first half of 2020...Read More
Mining Journal - Explore the leading publication for the global mining industry: Mining Journal provides an in depth analysis of the mining sector outlook and the latest developments.Read full newsRead More
/PRNewswire/ -- Over the last decade, global demand for gold has increased constantly. Worldwide gold demand amounted to 4,356 metric tons in 2019. Demand has...Read full newsRead More
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Earnings season has taken a back seat to some major news the last few days. The U.S election and the news of a potential coronavirus vaccine have been front and centre. These events are definitely big market movers, and TSX stocks had a massive rally as a result.The presidential election is crucial, as it will shape how North American markets perform over the next four years. So too is a prom...Read More
Broader stock markets changed course on the vaccine news yesterday. While TSX stocks at large gained big, the top-gainer sectors of 2020 like tech and mining tumbled on November 9. But what should long-term investors do?ShopifyShopify (TSX:SHOP)(NYSE:SHOP) is unarguably one of the biggest winners of the coronavirus pandemic. Probably that’s why investors turned cautious and felt like booking...Read More
Could the pandemic soon be over? That was the mood in the markets Monday morning. With Pfizer (up 10%) trumpeting 90% efficacy in trials of its COVID-19 vaccine candidate, the TSX Composite Index shot up 1.56% before noon. Investors may wish to temper their expectations, however. While the rollout of a workable vaccine signals the end of the pandemic, the effects of the crisis will continue to wei...Read More
The election is going to dominate the news cycle for quite some time. We'll be hearing about the chaos surrounding it and the analysis that will come after it's all decided for the rest of the year. It makes sense. It's the biggest story in a year full of big stories. It's a historic event playing out in real-time. But as you follow ongoing developments, other important stories are going to fall...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 10 that are worth another look.Prices for steel billet imported to Southeast Asia have been heavily inflated amid bullish Chinese steel markets this week, market participants told Fastmarkets on November 10.The licenses for an additional 30,000...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 10, 2020 Conspiracy buffs are probably wondering if Monday’s big vaccine announcement (that occurred just after the election of Joe Biden) was a coincidence. Would the outcome of the election have been different if the vaccine announcement was made a few days before the election...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 10. Please click...Read More
Jack ChanPosted Nov 10, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is...Read More
Tin was the LME outlier on Tuesday November 10, with its price down 0.02% from Monday's close - when markets were boosted by Joe Biden's success in the US election and news of an effective vaccine against Covid-19 emerged. All other LME base metals closed up on the previous day's afternoon kerb on Tuesday, with most prices across the complex rangebound following a rally the previous day.But the ca...Read More
The gold price is similar to this point yesterday, at US$1,877 an ounce on the spot market.US president Donald Trump is continuing to say he will win the election, which was held last week and widely considered won by rival Joe Biden.Independence Gold (TSXV: IGO) was a standout in Toronto, on reporting 67.6m averaging 3.63g/t gold and 132.83g/t silver from 51m at its 3Ts project in British Columbi...Read More
Key data from Fastmarkets' pricing sessions on Tuesday November 10 in China, Europe and the United States.China The UG2 chrome ore market retreated with damped sentiment after leading Chinese stainless steelmakers lowered their November ferro-chrome tender prices by $15 per tonne month-on-month. Some liquidity was reported, with buyers looking for material, but the main sellers were absent from th...Read More