Benchmark prices for cobalt metal nudged higher on Tuesday July 28 on increased buying interest, higher bids and positive cues from the hydroxide market.Fastmarkets' price assessment of cobalt standard grade, in-whs Rotterdam was $13.75-14.15 per lb on Tuesday, up 10 cents on the high end from $13.75-14.05 per lb, where it had held since July 15. Cobalt alloy grade, in-whs Rotterdam was assessed a...Read More
PCC BakkiSilicon will stop producing silicon at its smelter in H??sav?-k on the northern coast of Iceland this week due to the current soft market prices, a senior company official told Fastmarkets on Tuesday July 28.The firm, a subsidiary of German holding company PCC SE, had already shut one of its two furnaces in April. Each furnace has capacity for 16,000 tonnes per year of silicon metal, with...Read More
The S&P/TSX Composite Index fell 0.78% to 15,997.06 during the July 20-24 trading week. The S&P/TSX Global Mining Index rose 1.48% to 98.48, and the S&P/TSX Global Base Metals Index fell 3.22% to 99.14. Spot gold jumped US$91 per oz., or 5.03%, to US$1,901.30 per oz., and the S&P/TSX Global Gold Index rose 5.43% to 386.5. Shares of Nevada Copper fell by 6.67% to 14 ? per share. On July 23, the c...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $13.75-14.15 per lb...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt alloy...Read More
China's imports of cobalt intermediates rose in June compared with the prior month, but the increase was smaller than had been expected despite the easing of lockdown restrictions in South Africa since the beginning of May, market sources told Fastmarkets. China imported a total of 15,206 tonnes of cobalt intermediates in June, an increase of 24.8% from 12,187 tonnes in May, according to Chinese c...Read More
A long-delayed Alaskan mine that could be one of the biggest copper and gold producers in the United States has gained final environmental approval. The US Army Corps of Engineers (USACE) concluded on Friday July 24 that the mine on state land in the Bristol Bay Region of southwest Alaska poses no environmental threat. It will be at least six or seven years before mining of the 7.5 billion tonne c...Read More
Our call of the day is a bullish one from Goldman Sachs, which is upping the ante for those betting on stronger gold prices sticking around.Read full newsRead More
Gold prices have been on the rise, and producers of the precious metal have seen outsized gains.Read full newsRead More
Mining strips nitrogen from the soil and means the forest struggles to grow back even after mines are abandoned. Read full newsRead More
Gold prices have seen a positive correlation to the expansion of the Federal Reserve's assets, and as the Fed embarks on the largest stimulus program in its ...Read full newsRead More
Renforth Resources Inc. is pleased to share with shareholders ourRead full newsRead More
Our call of the day is a bullish one from Goldman Sachs, which is upping the ante for those betting on stronger gold prices sticking around.Read full newsRead More
Having a portion of your portfolio in precious metals is a good idea. It’s a good portfolio diversifier and a hedge against inflation. Gold hit a nine-year high on Thursday morning. But gold isn’t the only hot metal this year. Silver has rallied close to 40% year to date.Monetary stimulus and a week U.S. dollar will keep driving the price of silver. Its use as an industrial metal also...Read More
I've been in this business a long time. I know better than to promise a sure thing. And yet, I am fully prepared to do it in this one instance...Here's what I'll promise you: Gold is going higher. There's just no way it's not. The list of reasons why is considerable...StagflationUncertaintyStock market bubblesMoney printingBailoutsHedge fundsPolitical strifeMomentumSecurityA weak dollarRecessio...Read More
Jul 29, 2020 Guest(s): Mike McGlone The Federal Reserve has pumped trillions of dollars to stabilize the U.S. economy and financial markets devastated by the COVID-19 pandemic. With that trend expected to continue for the foreseeable future, one market strategist said the best way not to fight the central bank is by investing in precious metals.In an interview with Kitco News Mike McGlone, seni...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 29 that are worth another look.The United States Department of Commerce has launched anti-dumping (AD) and countervailing duty (CVD) investigations - some alleging triple-digit margins - into seamless standard, line and pressure pipe imports from four...Read More
Global tin premiums were flat in the week ended Tuesday July 28, with a rising three-month tin price on the London Metal Exchange and tightening forward spreads being the key deterrents to spot business, while a closed arbitrage window and lack of spot liquidity meant that deals remained rare.US premium holds steady on lack of tradesClosed arbitrage window for most of the past two weeks limits buy...Read More
Exports of standard P1020 aluminium from Canada into the United States in July have declined as demand for value-added products (VAP) resumes and smelters rebalance their production, according to the Aluminium Association of Canada (AAC). This makes the potential reintroduction of Section 232 tariffs by the US government not just unnecessary but also penalizing for North American manufacturers and...Read More
Bob Moriarty ArchivesJul 29, 2020If you are a silver bug,Aftermath just did a binding agreement on a project in Southern Peru with a silver 43-101 resource of 126 million ounces. They are paying about $14.5 million in total in USD with a tiny NSR on production. It comes with 771 million pounds of copper in a 43-101 resource for free.Alternatively, if you are a copper nutcase rather than a silver n...Read More