Through drilling, Liberty Gold extends 2-km-long D-1 Zone at its Black Pine project in Idaho. Three Liberty Gold Black Pine DiscoveriesLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) provided in a news release an update on its drill programs in the U.S. and Turkey.Regarding its U.S. asset, the Black Pine oxide gold project in Idaho, the Vancouver-based explorer reported the most recent results from its...Read More
Metallic Minerals hires a high-tech, mining-focused firm to help refine and prioritize exploration targets at its Yukon asset. Keno ProjectMetallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS) announced in a news release it engaged GoldSpot Discoveries Corp. to analyze, using its proprietary machine learning technology, the geological, geophysical and geochemical data from the explorer's flagship Ke...Read More
Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More
Chinese stainless steel producer Tsingshan Group has set its ferro-chrome tender price for October delivery at the same level as the prior month amid steady chrome ore prices and strong stainless steel production in recent months. The eastern China-headquartered mill set its October high-carbon ferro-chrome tender price at 5,997 yuan ($896) per tonne, for cargoes delivered to warehouse. The price...Read More
The USD/ZAR chart has been a good predictorfor silver rallies. Similar to the US Dollarindex, but a bit more accurate or precise. Very important silverbottoms tend to coincide with tops of the USD/ZAR chart.Below, is a chart of silver as compared withthe USD/ZAR chart, to demonstrates this fact: The 2001 silver bottom(SB) occurred onemonth before the key 2001 USD/ZAR bottom. This was followed by a...Read More
For the last 2 days our internet has been down which really makes you appreciate this miracle invention. We’ve had intermittent problems through the years that no one has been able to figure out until today. The phone company finally came to the conclusion that there was a tiny defect in their phone line that would only show up from time to time which made the problem so hard to track down....Read More
Peter Krauth explains why he believes gold stocks are "churning out some serious profits that are likely to just keep getting better."It's not too late for you to buy gold and gold stocks on the cheap.If you haven't already, you may want to seriously consider it.That move might set you up for a run over the next few years that could turn into your single best investment…ever. You...Read More
It didn’t take long for the mining stocksto turn south once again. No wonder, given that their breakdown was more thanverified.Additionally, they also got bearish supportfrom gold, the stock market, and the USD Index, which also confirmed theirdecisive move. For more details, let’s take a closer look at the chart below. We've witnessed the USD's breakout andbreakdowns in the precious m...Read More
Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More
Chinese power plants and steel mills have been asked by the authorities to stop importing thermal and coking coal from Australia, sources told Fastmarkets on Monday October 12.Utilities companies and steel mills were verbally notified during the Golden Week holiday (October 1-8) in China to stop importing Australian coal this year with immediate effect, sources said.State-owned steel mil...Read More
Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More
The ferrous scrap market in the United States is facing a downward correction in November, with unsold material from the October trade and supply exceeding demand expected to pressure prices lower in a short shipping month, sources said.Only an onslaught of export deals or an early onset of winter weather limiting flows would be able to mitigate the downside, according to sources.Scrap dealer...Read More
Domestic prices for steel hot-rolled coil across Europe inched upward over the week to Friday October 9, although the momentum of the price changes slowed with buyers mainly in "wait-and-see" mode.Fastmarkets calculated its daily steel HRC index, domestic, exw Northern Europe, at ?,?493.50 ($583.43) per tonne on October 9, up by ?,?2.47 per tonne week on week and by ?,?17.25 per tonne month on mon...Read More
The three-month prices for zinc and lead on the London Metal Exchange were the standout performers at the close of trading on Monday October 12, with the prices of both metals climbing by just over 1% at settlement.Meanwhile, selling pressure for LME copper saw its underlying price edge lower, while forward spreads swung back into contango.Zinc's outright price on the LME closed at $2,440 per tonn...Read More
Here are five Fastmarkets stories you might have missed on Monday October 12 that are worth another look.German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on October 12.Aluminium...Read More
Goldman Sachs has hired Nicholas Snowdon as a metals strategist in London, Fastmarkets understands.Snowdon joins from Deutche Bank and...Read More
Finland is building up Europe's next stage of battery metal evolution with Terrafame's new battery chemical plant, and trading house Trafigura is squarely in the mix. With Terrafame, Finland's government has resurrected the assets of formerly defunct Talvivaara Mining, and is shaping up to bring about the world's largest nickel sulfate plant early next year. Having initially invested in Terrafame...Read More
This bull market will likely be very exciting...David Smith on Palisade RadioTom welcomes David H. Smith, Senior Analyst for The Morgan Report, to the show. David discusses how to outperform other investors in the markets and what pitfalls to avoid. He outlines three strategies investors could deploy to find good opportunities.He gives us an overview of the metals current technical picture and the...Read More
The three-month prices for zinc and lead on the London Metal Exchange were the standout performers at the close of trading on Monday October 12, with the prices of both metals climbing by just over 1% at settlement.Meanwhile, selling pressure for LME copper saw its underlying price edge lower, while forward spreads swung back into contango.Zinc's outright price on the LME closed at $2,440 per tonn...Read More
The wait time for aluminium to be delivered from Istim's London Metal Exchange-registered warehouses in Port Klang, Malaysia was still over two months at the end of September, according to the latest LME queue report, and market participants believe it has grown even longer since the start of October. The queue was 61 days for aluminium on the last day of September, according to data released on M...Read More