Mexico's federal permitting authority, SEMARNAT, has rejected the environmental permit application (MIA) for Almaden Minerals' (TSX: AMM) Ixtaca gold-silver deposit, one of the country's significant precious metal discoveries.The company received notification from SEMARNAT on Dec. 21. Almaden originally submitted the MIA in early 2019.Reasons cited for not approving the MIA, in the company's view,...Read More
Gold prices increased 1% on Monday after news of the singing of the new $ 2.3 Trillion bill that contains $ 900 Billion in pandemic relief aid and $ 1.4 Trillion in government spending to fund federal agencies. Many analysts see this bill as crucial in removing the immediate uncertainty with distribution of checks and loans to individuals and small businesses. Vaccine rollouts also continue on tra...Read More
Bloomberg News' Eddie van der Walt discusses the cryptocurrency's latest rally.Read full newsRead More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More
/PRNewswire/ -- All through history, people have found security in gold during good times and especially in times of crisis. There are many purported reasons...Read full newsRead More
Rio Silver Inc. is pleased to announce the voting results from itRead full newsRead More
Maple Gold Mines Ltd. is pleased to announce that it has closed iRead full newsRead More
Searchlight Resources Inc. is pleased to announce that it has cloRead full newsRead More
It's the time of the year that most of us would be dressing up for holiday parties, kissing under the mistletoe, and drinking a bit too much eggnog.Sadly, Christmas in 2020 has killed two out of the three. Parties are canceled.Travel is on hiatus. Kisses are verboten.Hell, I don't think mommies are even kissing Santa Claus this year. That would be a superspreader event the likes of which the wor...Read More
If you're anything like many Americans, you're probably breathing a sigh of relief that 2020 is almost over.After the year the country's had, it's not surprising that many people just want it to be over and done with.But just like the changing of the year won't automatically result in weight loss, quitting of smoking, or the learning of a new skill, it won't lead to things instantly getting better...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 31 that are worth another look.The global pig iron market remained strong, but activity was limited during the week to December 31 due to the end-of-year holiday period.Argentinian aluminium producer Aluar finished 2020 at 70% capacity utilization, ramping up...Read More
Argentinian aluminium producer Aluar finished 2020 at 70% capacity utilization, ramping up production from stoppages related to the Covid-19 pandemic and weather conditions earlier in the year, the company said."[We will] continue to gradually seek production planning that allows for the partial resumption of the remaining capacity usage," Aluar said in a filing to the country's securities and exc...Read More
Adam HamiltonArchivesDec 31, 2020 One of gold's primary drivers is American stock-market capital sloshing into and out of gold through major exchange-traded funds. Their sustained inflows and outflows partially fuel gold's bull-market uplegs and corrections. Interestingly the differential gold-ETF-share selling that exacerbated gold's recent correction is greatly slowing. Gold's next upleg depends...Read More
The advent of Covid-19 pushed prices to their lowest levels during the first quarter of the year, yet by the end of 2020, most underlying prices on the London Metal Exchange had bounced back to multi-year highs. Fastmarkets looks at why some metals outperformed others.Figure 1: LME Indexed performance up until December 24.Copper - cash price gain of 25% ($6,179.50 per tonne open 3 Jan to $7,749 pe...Read More
Discussions between Chinese copper smelter Jiangxi Copper and Zambian producer Chambishi on annual blister copper refining charges (RCs) for 2021 are at their final stage, with both sides expecting a rise in terms, Fastmarkets has learned.Benchmark RCs for contractual supply of intermediate copper products in 2021 have still not been signed, sources said. Two sources close to the matter said...Read More
The Turkish deep-sea ferrous scrap market continued to be quiet due to year-end holidays, sources said on Thursday December 31.The country's steel mills have been silent in the deep-sea markets since December 24, when a steel mill in the Marmara region booked a Baltic Sea cargo containing 30,000 tonnes of shredded scrap at $480 per...Read More
Discussions between Chinese copper smelter Jiangxi Copper and Zambian producer Chambishi on annual blister copper refining charges (RCs) for 2021 are at their final stage, with both sides expecting a rise in terms, Fastmarkets has learned.Benchmark RCs for contractual supply of intermediate copper products in 2021 have still not been signed, sources said. Two sources close to the matter said...Read More
China's spot prices for battery-grade lithium carbonate moved up further on tight supply, and deals were secured at even higher prices over the week Thursday December 31China Deals for battery-grade lithium carbonate in China concluded at higher levels this week on tight availability of material; producer sources expect higher prices to emerge in the coming month. Offers for industrial-grade lithi...Read More
Hot-rolled coil prices in the United States reached the highest level seen all year - and in more than 12 years - on the final day of 2020. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $51.50 per hundredweight ($1,030 per short ton) on December 31, 2020, up 0.5% from $51.25 per cwt the previous day and 3% higher than $50 per cwt a week prior. This is the highest le...Read More
Check out this recent Bloomberg headline...While it's true that family offices and high-net-worth individuals are pouring millions into the psychedelics space, I can assure you that this is NOT an "edgy" investment.Unless you think biotech stocks and pharma stocks are edgy.Because really, that's what psychedelics stocks are.Truth is, there isn't a single legitimate psychedelics stock out there tha...Read More