I had mentioned long before that there will be a big disconnect between future price of gold and silver and physical price of gold and silver. Yesterday physical price of silver was much higher than silver future. One three reasons why I have been telling to only invest in physical gold and physical silver for your retirement. Physical silver price was much higher than future price. One can trad...Read More

Mitchell generates roughly 90% of revenue from drilling for tier one producers with long life, low-cost mine sites.Read More

Here are five Fastmarkets stories you might have missed on Thursday March 19 that are worth another look.Automobile manufacturers General Motors (GM) and Mercedes-Benz have enforced "collective holidays" at their Brazilian operations starting from March 30, in response to the novel coronavirus outbreak (2019-nCoV), the companies said on Wednesday March 18.Japan's demand for aluminium is the highes...Read More

The fall in cobalt hydroxide payables has accelerated over the past week on increasing concerns about a slowdown in the global economy and electric vehicle (EV) production due to the global spread of the novel coronavirus (2019-nCoV). Fastmarkets' cobalt hydroxide payable indicator fell to 65-68% against the standard-grade cobalt price (low-end) on Wednesday March 18, down 2.2% from 67-69% on...Read More

Several mining companies have been directly affected by Covid-19 outbreaks, and global restrictions to encourage social distancing have meant some mining projects have either slowed or shuttered,Read More

The Turkish deep-sea scrap import market was quiet on Thursday March 19, despite a sharp decrease in prices the day before, sources have told Fastmarkets.On March 18, a steel mill in the Marmara region booked a Canadian cargo, comprising 18,000 tonnes of HMS 1&2 (90:10), 20,000 tonnes of shredded and 12,000 tonnes of plate and structural (P&S) scrap, at an average price of $255 per tonne cfr.Marke...Read More

Prices for bulk ferrous scrap cargoes imported into Bangladesh have fallen over the past week amid a deterioration in international scrap prices and heightened disruption created by the 2019-nCoV coronavirus pandemic, market sources told Fastmarkets on Thursday March 19.Bangladesh has provided a rare bright spot for bulk scrap sellers over recent weeks, with a strong local steel market and high co...Read More

Fastmarkets announces the launch of import ferrous scrap prices for the markets of Bangladesh and South Korea.These new price assessments, and accompanying written content, will significantly boost Fastmarkets' coverage of the Asia ferrous scrap complex, providing subscribers with accurate pricing data together with detailed and insightful market commentary.After undertaking an extensive consultat...Read More

Zinc and lead miners have had their silver lining taken out.The price of the precious metal fell abruptly to an 11-year low of $11.80 per oz in the week to Thursday March 19, having traded close to multi-year highs mere days previously.Investors dumped silver, a precious metal that in physical form is mostly used in industrial applications, as part of a wide selloff in liquid asset classes on fear...Read More

While risk-off dominates and even though governments are prepared to throw money at the financial system and into economies and households, the likelihood is that more factories will close, household spending will fall, as will demand for raw materials, but there may be some dead cat bounces along the way.Partial and full lockdowns will hopefully mean the novel coronavirus (2019-nCoV) is brought u...Read More

The plummeting of share prices among companies in the battery supply chain due to the 2019-nCoV coronavirus pandemic is reversing the gains achieved after China's announcement of its policy on electric-vehicle subsidies, indicating weak sentiment toward the market.Lithium and cobalt commodity prices have largely been resilient to volatility since the outbreak of the coronavirus pandemic.Benchmark...Read More

Share this articleTORONTO - Agnico Eagle Mines Ltd. says it's sending its local workforce home from its Nunavut mining operations for four weeks to protect them and their communities from the potential spread of the COVID-19 outbreak as the territorial government declares a public health emergency.The Toronto-based gold miner says it will continue to pay those workers and it's meeting with its co...Read More

In two weeks, you should be receiving a check for $1,000.At least that's the word from Washington.In an effort to stave off a 20% increase in unemployment and to ensure that folks can eat and pay some of their bills, the government is coming to our rescue.Or at least that's how they're framing it.But the truth is, that money isn't a gift.It was yours to begin with!Anytime the government says its "...Read More

The London Metal Exchange has approved Minara cobalt briquettes produced at Glencore's Murrin Murrin nickel-cobalt operations in Australia for delivery against the exchange's physically settled cobalt contract.Murrin Murrin produces about 3,000 tonnes per year of cobalt briquettes. The LME suspended brand-listing fees for new cobalt brands in March last...Read More

Here are five Fastmarkets stories you might have missed on Thursday March 19 that are worth another look.Automobile manufacturers General Motors (GM) and Mercedes-Benz have enforced "collective holidays" at their Brazilian operations starting from March 30, in response to the novel coronavirus outbreak (2019-nCoV), the companies said on Wednesday March 18.Japan's demand for aluminium is the highes...Read More

Domestic prices in Europe for hot-rolled coil have fallen by ?,?7.31 per tonne day on day following a slump in demand, sources told Fastmarkets on Thursday March 19.Demand for flat steel drastically decreased after a number of automotive manufacturers temporarily closed some or all of their operations due to the 2019-nCoV coronavirus pandemic.Fastmarkets' daily steel hot-rolled coil index, domesti...Read More

ArcelorMittal will temporarily idle blast furnace (BF) A in Asturias and some other equipment "in around 15 days" in Spain, the company's spokesman told Fastmarkets on Thursday March 19.ArcelorMittal Asturias operates two BFs with a total capacity of 4.7 million tonnes per year, according to Fastmarkets' Capex quarterly service.The steelmaker will also stop operations at one of its two sinter plan...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Ultra Club members have access to both premium and free content all the time. If you are not a Canadian Insider Club Ultra member, get full access to Real Vision and INK Research premium videos and see what stocks insiders are buying now by joining us. Use coupon code SPRING20 for a $100 discount off a new 2020 membership (renewals wil...Read More

Automotive manufacturers in Europe have announced temporary production shutdowns at sites across the continent because of the problems being created by the measures taken by governments to restrict the spread of the 2019-nCoV coronavirus pandemic.On Wednesday March 18, BMW, Toyota and Jaguar-Land Rover listed their sites that were intended for closure, while previous shutdowns included Groupe PSA,...Read More

Steel billet import prices in Egypt fell in the week to Thursday March 19, but there was no resulting pick-up in demand, sources told Fastmarkets.The spread of the novel coronavirus (2019-nCoV) in Egypt has caused trade to decrease significantly, and many offices have been closed, sources told Fastmarkets.As of March 19 there were 210 confirmed infections in Egypt, with si...Read More