The gold miners’ stocksare still stalled, mostly grinding sideways despite higher prevailing goldprices.  This lack of progress is really frustratingtraders, slowly shifting herd psychology towards apathy.  That’s the mission of high consolidations, graduallyrebalancing sentiment by bleeding off greed. This healthy process has already come a long way, but still needs tof...Read More

Brazil-based miner Vale has lowered its iron ore fines production guidance for the first quarter of 2020 after its operations were adversely affected by heavy rain, the company said on Tuesday February 11.Vale said it was expecting to produce 63-68 million tonnes of iron ore fines in the January-March period, down by 5 million tonnes from an earlier estimate of 68-73 million tonnes.The miner suffe...Read More

Trade disputes and geopolitical uncertainties had already made the prospects for global economic growth uncertain. A coronavirus has now added to the challenges facing financial markets.The epicenter of the virus is Wuhan, an important commercial hub in China that is home to 11.9 million people, including the country's largest student population. It is also a manufacturing hub, with around 500 fac...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebarRebarEast China, domestic, grade III 16-25mm...Read More

The London Metal Exchange will on February 1 introduce a reporting process that will increase transparency into levels of off-warrant stocks. The exchange announced the plans in November 2019 and aims to attract more metal back in LME sheds. It is controversial, but its passage into the LME rulebook on February 1 follows a consultation last year. Some market participants are now saying the LME sho...Read More

South African gold output surged the most in four years in December, providing an unexpected boost for the country's mining production.Read full newsRead More

""I'm done with fossil fuels. They're done," @MadMoneyOnCNBC's @JimCramer says after oil giants Exxon Mobil and Chevron reported Q4 earnings this morning. "We're in the death knell phase." https://t.co/rdcmoeRGMB https://t.co/yl8iP7hpMi"Read full newsRead More

Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More

The bear and the bull in front of the Frankfurt Stock Exchange. (Image by Anton Nikiforov, Wikimedia Commons). A report by Fitch Ratings states that, in the current context of geopolitical tensions, natural disasters and epidemics like that of the novel coronavirus, mining companies that have competitive cost structures and ample leverage headroom should be able to withstand commodity price risk....Read More

Peru is the world's second-largest copper producer. Las Bambas mine -pictured here - accounts for 16% the country's entire copper output. (Image courtesy of Minera Las Bambas). Peru's mining sector fell by 0.05% in 2019, a report by the National Institute of Statistics and Informatics shows.According to the government agency, a 0.84% contraction in the metallic mining subsector is to blame for th...Read More

Gold panning. (Reference image by Jean-Fran??ois Gornet, Wikimedia Commons). A study by researchers at the National University of Singapore found that increased enforcement and the offer of an alternative agriculture-based livelihood are unlikely to deter illegal gold miners in Myanmar."It is simply too profitable," they wrote in a paper published in the journal Conservation Science and Practice....Read More

Here are five Fastmarkets MB stories you might have missed on Friday February 14 that are worth another look.China's domestic hot-rolled coil prices continued to fall on February 14 on low demand, though participants in the export market are holding out for a rebound once the novel coronavirus (2019-nCoV) outbreak comes under control.The LME Week Asia 2020 seminar has been postponed and the LME As...Read More

North American markets are closed for public holidays today.Base metals all finished the week lower on the London Metal Exchange."The entire complex finishes in the red in part due a build-up in exchange inventories in Shanghai," Marex Spectron's Dee Perera said.She said copper inventories in the Shanghai Futures Exchange warehouses jumped 27%, to levels not seen since March 2019.Gold is on the ri...Read More

In this week's Insights, our insider of the week has led AltaGas (ALA) up the INK Edge charts and into the INK Canadian Insider Index. Meanwhile, the Index and inflation expectations are showing some early signs of regaining momentum as Washington intervenes relentlessly to prop up asset prices ahead of November. Finally, we highlight our most popular video on social media over the past week.Clic...Read More

Bob Moriarty of 321gold profiles an exploration junior with a high-grade project in the Juneau gold belt. There are a ton of tiny juniors out there who are taking advantage of a more favorable financing market to cash up and get cranking. One, with a tiny market cap of about $5 million at the time, contacted me a few weeks back with an interesting story. They wanted to advertise and were coming o...Read More

Here are five Fastmarkets MB stories you might have missed on Friday February 14 that are worth another look.China's domestic hot-rolled coil prices continued to fall on February 14 on low demand, though participants in the export market are holding out for a rebound once the novel coronavirus (2019-nCoV) outbreak comes under control.The LME Week Asia 2020 seminar has been postponed and the LME As...Read More

Here are five Fastmarkets MB stories you might have missed on Friday February 14 that are worth another look.China's domestic hot-rolled coil prices continued to fall on February 14 on low demand, though participants in the export market are holding out for a rebound once the novel coronavirus (2019-nCoV) outbreak comes under control.The LME Week Asia 2020 seminar has been postponed and the LME As...Read More

RAPAPORT... Revenue from Angola's national diamond-trading company, Sodiam, rose 6% in 2019 as the company sold a higher volume of rough goods.Proceeds for the year came to $1.3 billion from the sale of 9 million carats of rough diamonds, compared with 8.4 million carats in 2018, the government said in a Facebook post last week.  That offset a 10% drop in the average price to $137 per ca...Read More

RAPAPORT... A drop in the recovery of large stones and a decline in the average price achieved for rough from the Let??eng mine led to a decline in sales for Gem Diamonds in 2019.Proceeds fell 32% to $182.1 million, the miner said last week, with sales volume slumping 11% to 111,291 carats. The average price plunged 23% to $1,637 per carat, while production went down 10% to 113,974 carats for...Read More

RAPAPORT... Star Rays revealed its intention to be the first Indian diamond company to become carbon-neutral, arguing that greener credentials will help attract consumers to the product.The Mumbai-based manufacturer aims to reduce travel, produce less plastic waste, and clean up its energy use, and is taking advice from a consultancy firm specializing in the area."Singlehandedly we can't chan...Read More