Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals pricesRead full newsRead More
Noble Mineral Exploration Inc. is pleased to announce that a diamRead full newsRead More
The world's top gold miners sought to reassure investors on Monday that they're not going on a spending spree despite surging gold prices boosting their shares and free cash flow.Read full newsRead More
Volatility is back with a bang. Overvaluation has introduced a new level of risk to the pandemic-driven markets. Gold and tech stocks have seen certain names run by bulls to unsustainable levels. The past few weeks have seen tech stocks pulling back. This week, it was the turn of precious metals to see the beginning of a broader correction.Not quite a stock market crashMonday saw the S&P/TSX C...Read More
Empty trucks, empty technology, and empty promises.(And hookers, read on)That's exactly what Hindenburg Research accused Nikola Motors (NASDAQ: NKLA) of in a scathing short report last week called Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America.The high-flying electric car company - which has seen 200% gains in the last six months - was called an "int...Read More
Sep 23, 2020 Guest(s): Charlie Morris CIO, ByteTree Asset Management The gold market is seeing some significant selling pressure as it breaks below critical psychological support at $1,900 an ounce; however, one fund manager said that prices are still holding a healthy premium above fair value. In an interview with Kitco News, on the sidelines of the Denver Gold Forum, Charlie Morris, chief inve...Read More
Sep 23, 2020 Guest(s): Jeffrey Christian Managing Partner, CPM Group August saw a falloff in gold-backed ETF inflows along with central banks slowing down their purchases. Central banks have always been price-sensitive, said Jeff Christian, managing partner of CPM Group, and would stop buying if the price of gold is too high. As for exchange-traded fund (ETF) holdings, not all of the flows this...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More
The London Metal Exchange base metals prices remained under pressure on Wednesday September 23, with the benchmark prices for all metals retreating during the day's trading.Fastmarkets analyst Boris Mikanikrezai noted that the US dollar pushed higher for a fourth consecutive day, "producing deflationary pressure on commodity prices."The general dollar index was last seen at 94.22, up by 0.24."Copp...Read More
A reduced regional surplus supported the tin trade in the United States while European traders, eyeing a rising contango, held back from the market in the two weeks to Tuesday September 22.Both tin premiums rise in the US, their first move in three months.The London Metal Exchange tin price remains near a two-year high, but is not matched by physical demand in Europe.China sees little trade, given...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More
Chinese nickel ore prices continued to rise in the week to Tuesday September 22, with other premiums in the region remaining stable and nickel briquette premium in the United States widening. Nickel ore price reaches new high, while premiums and other nickel products in China stay flat.US briquette premium widens slightlyPositive demand rhetoric fails to spur European premiums Nickel or...Read More
The UG2 chrome ore prices in China rose again on Tuesday September 23, with the steady downstream ferro-chrome market supporting market sentiment, sources told Fastmarkets.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China edged up by $1 per tonne or 0.7% to $139 per tonne week on week on Tuesday September 22. The index has risen for four consecutive weeks from $133 p...Read More
Urging generalist investors to invest in gold equities rather than physical gold or even royalty and streaming companies, Marrone said the uncertain global economic outlook was good for goldRead More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF | FRA: WK3D) (the "Company" or "Siyata") today announced, that in support of its recently announced strategic initiatives, the Company will proceed with the consolidation of the common shares of the Company (each, a "Share") on the basis of 145 pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation"). T...Read More
Aluminium and alumina producer Alcoa has launched the first low-carbon smelter-grade alumina brand, chief executive officer Roy Harvey announced at the Fastmarkets International Aluminium Conference. Speaking on Wednesday September 23, Harvey said the low-carbon alumina brand, EcoSource, will help its customers meet their sustainability goals. "We are launching a brand-new product, EcoSource, and...Read More
It was back in September 2015 that first reports surfaced about VW cheating with diesel emission readings, costing a number of senior company executives their careers and crushing the sales of VW'sRead More
Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.A blast furnace at Usiminas' Ipatinga unit in Brazil's southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries,...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday September 23, further increasing downward pressure on prices, sources told Fastmarkets.The country's steelmakers have been absent from the deep-sea scrap market since September 9, when bookings were made at $301 per tonne cfr for HMS 1&2 (80:20).Some suppliers tried to increase their offers to $305-310 per...Read More