Global Energy Metals (TSX-V:GEMC) has unveiled plans to develop its nickel/cobalt projects near Tesla's Gigafactory in Nevada. The firm hopes to complete a...Read full newsRead More
ECR Minerals (LSE:ECR) is reviewing commercial options for its gold projects across Victoria, Australia, after receiving third party interest. In a wider u...Read full newsRead More
".@BarrickGold $GOLD shared strong Q4 results in a recent conference call, and also made progress on an asset sale. https://t.co/33cTTAkz59 #preciousmetals #investing"Read full newsRead More
Canadians are in favour of the Old Age Security (OAS) except for one infamous feature – the 15% clawback. If you’re also hoping to limit the effect of the OAS clawback, you could try two ways to win versus the taxman.Split the pension Couples are beginning to see the advantage of splitting the pension to reduce the clawback amounts. If your spouse has a lower income, you can elect to t...Read More
Rally car (Credit: Pixabay) Prices for March palladium went 1.18% up in late afternoon on Friday as the metal was trading at $2,634 an ounce on the Comex market in New York. Earlier in the week, palladium futures for March delivery climbed 7.8% at $2,497.60 an ounce on the New York Mercantile Exchange on Wednesday and prices kept rising after the market closed, touching $2,504.50, the highest in...Read More
Building your portfolio with stocks that will do well all the time, as well as holding their own in a recession will be the key to long-term success.While it could be appealing to buy only stocks that are recession proof without knowing when a recession may come, this could be a high-risk decision and lead you to leave a lot of potential gains on the table while you’re busy trying to protect...Read More
A P&H 4100 shovel loads coal into a haul truck at the North Antelope Rochelle mine in Campbell County, Wyoming. Credit: Wikipedia Wyoming andMontana filed a U.S. Supreme Court motion last month against the state ofWashington for blocking access to the last major coal export project on theWest Coast, impeding the states' ability to get their coal to Asian markets.When Wyoming Governor Mark Gordo...Read More
Gold prices just soared through the $1,600-per-ounce level even with some strong manufacturing data being dropped on the markets this morning.All this comes on the heels of a great 2019 as well, at least the end of it.The beginning of 2019 saw gold at $1,281 per ounce. By the end of the year it was up to $1,509 per ounce - a 17.8% gain.Just a month later at the end of January 2020, it was up to $1...Read More
Brazilian flag at Pra??a dos Tr??s Poderes in Bras?-lia. (Wikimedia Commons) Even with Vale (NYSE: VALE) posting this week a loss of $1.68 billion in 2019, Brazil set a record on royalties received from mining companies. Brazil received $1.03 billion in mineral royalties in 2019, according to the Brazilian Mining Agency. The royalties paid by mining companies were 48.3% or $700 million, higher t...Read More
Nemaska Lithium CEO Guy Bourassa. Credit: Nemaska Lithium. Nemaska Lithium CEO Guy Bourassa has stepped down. He would leave the management team and vacate his seat on the board with immediate effect, the Quebec-based lithium developer announced Friday."Given the restructuring the corporation is undergoing and the current market conditions, we mutually agreed that it was in the best interest of t...Read More
Seven straight sessions of gains lifted the gold price to a fresh 7-year high on Friday after renewed fears about the coronavirus sent investors scurrying for safe haven assets, equity markets fell and long-term US interest rates fell to a record low. The gold price touched a new intra-day high of $1,652.10 on the Comex market in New York, up 2% or $32 an ounce from yesterday's settlement and the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The three-month nickel price on the London Metal Exchange was lower at the close of trading on Friday February 21, closing at its lowest level since June 2019 against thin turnover, while lead futures failed to hold onto gains made earlier in the day.Nickel's outright price on the LME closed at $12,530 per tonne in the afternoon, ending a weekly price decline that saw it sink from a high of $13,21...Read More
The price of stainless steel in the European domestic market was unchanged in the week to Friday February 21, but decreases are expected for March due to weaker nickel values, sources told Fastmarkets.Finland-based stainless steel producer Outokumpu announced on Friday that its monthly alloy surcharge for grade-304 flat products in March will decrease by ?,?79 per tonne from February, to...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Robert WutscherThe Unseasoned EconomistPosted Feb 22, 2020On the power imbalance between Capital and Labour, how money is created and when does additional money lead to inflation and when not?In the first article to this series, we described how unwanted money created by the banking system tends to gets stuck on the balance sheets of firms, where they begin to impede the circular flow of the econo...Read More
Logistics disruptions across China have paralysed many of the country's supply chains since the outbreak of a novel coronavirus infection forced authorities to clamp down on movements of material and people within the country.What has become increasingly evident is that different areas have seen their abilities to operate and to move cargoes affected to varying degrees, and that some mining, metal...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday February 21.China The Chinese ferro-silicon spot price remained as high as in the previous week with major alloy producers holding their offer prices at 6,800 yuan ($966) per tonne. Cross-provincial transport has slightly improved in the past week. Market participants expected a downtrend in the spo...Read More
Speaking during the company's December-quarter earnings call Thursday, Goncalves said 2020 would be a transformational year for the 173-year-old company.Goncalves is excited about the AK Steel acquisition, since it will add fully integrated capacity to the company's production portfolio. That company mainly serves the automotive market, providing materials required for electric vehicle produc...Read More
The work is across 11 projects in Australia and Africa.The largest is a A$200 million underground contract for Panoramic Resources' Savannah nickel mine in Western Australia. The three-year contract, which was previously flagged, will begin next month.The remainder of the work was won by Perenti's surface mining group.It includes a three-year contract with Idemitsu Australia at the Boggabri c...Read More