Key data from Fastmarkets' pricing session in China on Wednesday November 25. Key driversPrices halted their recent decline after many sellers held back from offering in the market upon noticing that futures prices on the Wuxi Stainless Steel Exchange were rising.The December indium contract on the Wuxi Stainless Steel Exchange closed at 1,160 yuan ($176) per kg on November 25, up...Read More
Domestic and export prices for Chinese stainless cold-rolled coil increased slightly in the week ended Wednesday November 25 on improved demand.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 13,200-14,300 yuan ($2,008-2,175) per tonne, narrowed upward by 100 yuan per tonne from a week earlier. Sellers kept prices steady from late last week until early this week after they...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsMicromine's global summit unpacks the future in mining softwareSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningBack-to-back presentations in late October by the two companies' chief executives portrayed notice...Read More
Shipping lines are opting to bring empty containers from the United States to Asia instead of carrying ferrous scrap due to strong US demand for Asia-origin consumer products, market sources told Fastmarkets this week."This is due to the potential of ferrous scrap causing damage to containers and shippers running out of space to bring in consumer products. They can make more money on the Asia-US r...Read More
China will no longer accept scrap metal shipments from abroad from January 1, 2021, the government said on Wednesday November 25.Scrap buyers in China were informed via a joint statement from the environmental and commerce ministries, the General Administration of Customs and the National Development and Reform Commission that their import quotas for foreign waste, including waste paper and scrap....Read More
Amid renewed investor interest in the resource space, industry players are starting to focus on new mine development. With this, already scarce exploration projects are becoming even more attractive. Below, we present eight companies with assets poised for growth.Argonaut GoldArgonaut Gold (TSX: AR) holds mines in Nevada and Mexico and exploration projects in Ontario and Mexico.In mid-October, the...Read More
In an interview in September with Ernst & Young, Barrick Gold's (TSX: ABX; NYSE: GOLD) CEO Mark Bristow noted that all 37 partners at the company are required to be heavily invested as shareholders, which means they must own stock on a sliding scale up to five times their gross salary before they can realize any stock incentives. The Northern Miner picked up on that discussion recently in an exclu...Read More
Azarga Uranium (TSXV: AZZ; US-OTC: AZZUF) is closer to mining at its Dewey Burdock in-situ recovery uranium project in South Dakota, after the U.S. Environmental Protection Agency (EPA) granted the company the second of three key permits needed. The company has already secured approval from the U.S. Nuclear Regulatory Commission.The EPA's approval comes "at a time when the uranium market remains i...Read More
O3 Mining (TSXV: OIII) has reported new drill results from the Gold Hawk zone at its Marban gold project, part of the company's wholly-owned Malartic property located near Val d'Or, Quebec.The current 45,000 metre drill program is focused on expanding mineralization outside of proposed pit areas previously outlined in a preliminary economic assessment released in early September.The new assay resu...Read More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
This year's dawning winter rally has great upside potential after the gold and gold stock corrections run their courses.Read full newsRead More
Niels-Arne Baden has a problem: the factory he's building for Green Hydrogen Systems is too small.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
The Dow Jones Industrial Average topped 30,000 for the first time and investors piled into risk assets as a series of market-friendly developments unleashed animal spirits on Wall Street.Read full newsRead More
Bitcoin's biggest rally in more than a week has pushed it to the brink of $12,000, a key level watched by chartists and technicians.Read full newsRead More
Sienna Resources Inc. wishes to announce that the Company has joiRead full newsRead More
Although the past week saw gold and silver bullion trade with a negative bias, the trend remains positive on the intraday basis. Spot silver prices (XAG/USD) remained flat just above $23.30. The precious metal is off extremes; gains were capped at $23.50 on Thursday morning but the buyers came in ahead of $23.20. That marks two days now that silver has been unable to rally past $23.50. This conso...Read More
For the past six months my wife and I have been looking for a house to buy, and boy let me tell you, it's been rough.Every house we see feels overpriced. And yet they're being sold within a day or two of being listed. Our realtor regularly regales us with horror stories about bidding wars that result in buyers offering more than $10,000 over asking price and still losing.No doubt, it's a terrible...Read More
$13,717.34...That's how much money Elon Musk makes in five minutes.To put it in a deeper perspective, he's made $2,743.46 in the minute you took to read this.Must be nice, right?It would take the average worker about 17 weeks to earn as much, based on a new study by Gigacalculator. That assumes an average salary of $48,000.Those numbers will take another jump now that Tesla has been crowned into t...Read More
Nov 27, 2020 Guest(s): Alain Corbani Head of Commodities, Finance SA Gold has broken a critical support level, but there is not much downside left, said Alain Corbani, portfolio manager of Finance SA, who forecasts $2,500 an ounce for gold's upside target. The metal will be caught between conflicting macroeconomic forces next year: slightly higher negative real interest rates, but a weakening U....Read More