The U.S. Energy Information Administration could soon begin publishing data related to the production of biogas and RNG. The agency has proposed to modify an existing information collection focused on natural gas to include these renewable fuels.Read full newsRead More
Noble Mineral Exploration contracted NPLH Inc., to commence an initial 1000m drill campaign on the Dargavel Township Gold Targets.Read full newsRead More
"Laurion $LME will not file its annual audited financial statements for the year ended December 31, 2019 and its related management's discussion and analysis prior to the filing deadline of April 29, 2020 https://t.co/9U3EiF3quJ #ResourceNews #Gold #Silver #preciousmetals"Read full newsRead More
".@AmexExploration is focused on its Perron property in #Quebec's #Abitibi Greenstone Belt and has #EricSprott as its largest strategic shareholder. Sign up for a free investor kit to learn more about one of the top-performing #TSXV stocks of 2019 https://t.co/RQa3qehGzG $AMX"Read full newsRead More
Gold Edges Higher as Trump Revives Trade War ConcernsRead full newsRead More
Just when you thought things couldn't get any crazier, here come the aliens!That's right, on Monday the Department of Defense released several videos that appear to show a UFO. Footage captured by Navy pilots displays a bizarre-looking craft that appears to be defying the laws of gravity and flight.They referred to it as "unidentified aerial phenomena."A pilot in the video actually said "What the...Read More
If ever there was a masterclass in the need to disaster-proof a supply chain, then the Covid-19 pandemic has provided a harsh reminder to the automotive sector that it's failing. It's a wake-up call for the industry, which, after a massive earthquake and tsunami hit Japan in March 2011, had vowed to end its "just in time" production philosophy and diversify its supply chain in orderto limit a repe...Read More
London Metal Exchange three-month base metals prices rose on Tuesday May 5, buoyed by increasing optimism for an increase in demand amid expectations that Covid-19 trade restrictions will continue to be eased in some parts of Europe while China's restart gathers momentum. China's market absence - due to the Labor Day public holiday from May 1 to May 5 - failed to dampen upward price momentum acros...Read More
The three-month tin price on the London Metal Exchange was higher across morning trading on Tuesday May 5, supported by the largest fresh cancelation in the tin market this year, while climbing exchange stocks and lackluster trade continues to pressure the aluminium price. The LME tin price was recently at $15,165 per tonne, up 0.5% from Monday's closing price of $15,085 per tonne. The price spike...Read More
Our good friend and silver guru David Morgan is the featured guest at the PCMA event on May 5, 2020 titled: COVID-19 AND THE "PERFECT STORM" FOR PRECIOUS METALS. You can still register at this link if you'd like to hear him.https://www.pcmacanada.com/events/EventDetails.aspx?id=1371474David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high ne...Read More
Employees at the Kroondal chrome mine in South Africa have been informed the facility will not restart after lockdown measures are relaxed because of financial challenges in the market, according to a source close to the matter. Kroondal is part of the Glencore-Merafe Chrome Venture, in which Glencore has 79.5% stake. The mine near Rustenberg has a production capacity of 1 million tonnes per year,...Read More
Predictive is set to raise A$9.6 million by issuing 180 million new shares priced at 5c each. A month ago it scrounged together $612,000 by issuing 122 million new shares priced at 0.6c each.Read More
BPC said last week it had agreed a contract price of US$220/tonne with a consortium of Chinese buyers for potash to be supplied in 2020.Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 5 that are worth another look.US President Donald Trump is threatening to abandon a preliminary trade deal leading to an easing of trade tensions with China, citing the Covid-19 virus.Employees at the Kroondal chrome mine in South Africa have been informed the facility will not restart after lockdown measures are relaxed b...Read More
There will be a sell off if gold and silver fall today. Crude oil is bullish. There will be renewed short term hot money in crude oil (long positions) if crude oil rises till Thursday. Gold is somehow managing to float over $1700. Corrections up to $1650 will be a part of the bullish trend. Short term bearish trend will be there only if gold falls below $1650. Day traders and jobbers need to rem...Read More
The spread of the Covid-19 virus is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector. Since the outbreak gathered pace in January 2020, companies including Apple and Samsung have closed plants, shifted production, and in some cases, revised revenue forecasts. The far-reaching effects of the virus on the global economy a...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 5 that are worth another look.US President Donald Trump is threatening to abandon a preliminary trade deal leading to an easing of trade tensions with China, citing the Covid-19 virus.Employees at the Kroondal chrome mine in South Africa have been informed the facility will not restart after lockdown measures are relaxed b...Read More
Mexican scrap prices were stable or higher last week as low availability for some grades led to exceptional deals at increased prices, according to sources.Market participants reported that some scrap buyers had planned a 200 pesos ($8) price cut for last week, but by the end of the week such changes were not applied."In the whole month of April, buyers announced price cuts of around 1,000 pesos,...Read More
The Turkish deep-sea scrap import markets remained quiet with the mills seeking lower prices amid weak finished steel markets, sources said on Tuesday May 5.The most recent cargo deal was recorded on Friday May 1 when a steel mill in the Iskenderun region booked a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr and 7,000 tonnes of bonus at $246 per tonne cfr, sendi...Read More
Broader markets are looking a bit brighter this morning, Tuesday May 5, with equity indices and base metals prices firmer while participants look forward to better demand once more plans are announced about lifting lockdown restrictions.The Dow Jones Industrial Average reversed from being down by 1.5% to close positively on Monday.US factory orders dropped by 10.3%, but this data was for March; by...Read More