"In light of the rapid spread of COVID-19 and its significant impact on global financial markets, Tranche 2 of AFC's equity funding (Tranche 2) will be deferred to allow for the stabilisation of market and global conditions," said Danakali.Danakali has already received an initial US$21.5 million tranche from AFC, which it said leaves the company "well-funded to complete current planned activities...Read More

The company has told the New York Stock Exchange that it is monitoring the situation closely and supply chain teams have been executing business continuity plans.Those plans include being alert to potential short supply situations, and, if necessary, using alternative sources and/or air freight; redirecting orders to other distribution centres, and prioritising the redistribution of the most impac...Read More

In collaboration with Brazil hospitals Hospital Israelita Albert Einstein and Rede Mater Dei de Saúde, the company is offering direct investment of US$1 million or in-kind support via partners to speed implementation of a winning idea."The whole world is fighting against COVID-19, and Vale - as a global company - wants to be a catalyst and connector of solutions to reduce the impacts of thi...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report additional assay results from the winter 2020 drilling program at the Hurricane zone. The Hurricane zone is a new discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca Basin of Saskatchewan (Figure 1).Highlights:Assays received...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.The Spanish steel industry has demanded clarification from the government following a March 29 decree to shut down all non-essential production as part of the battle to contain the Covid-19 pandemic, Fastmarkets heard on March 31.The closure of borders and reduced port operations across African...Read More

Jordan Roy-Byrne CMT, MFTAThe historic action of the precious metals sector over the past few weeks has continued.The strong recovery in GDX, GDXJ, and Silver has potentially invalidated the technical breakdown that occurred during the crash. It appears to be a failed breakdown.Furthermore, Gold was looking vulnerable on the weekly, and monthly chart yet was able to slingshot back to $1700/oz. I...Read More

Gary Savage Perma-bears are going to wrong. This is why:Read More

Ira EpsteinGold still has a bullish pattern in the short-term. Support around $1595..Read More

Range bound trade in gold and silver will be broken by tomorrow and a new range will be formed. A new month and a new quarter high on economic optimism but low on confidence. Uncertainty on global economy and inability to prevent coronavirus spread has resulted in gold remaining firm and crude oil and industrial metals trading with a softer bias. Spot gold should have broken past $1700. By the s...Read More

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Bajio rose during the week ended Friday March 27 - bucking the trend in global markets - due to a strong devaluation of the peso.Most scrap buyers were forced to increase prices by 150-250 pesos ($4-10) last week.Some contractual volumes of ferrous scrap are quoted in dollars in Mexico, and a considerable amount of scrap come...Read More

The closure of borders and reduced port operations across African countries have led to month-long delays of copper cargoes, while suppliers have raced to re-route goods over the past week. "We are now stressed out trying alternative routes. But the problem is even if the cargoes can depart from other ports, their port capacities are significantly lower. We are talking about delay in terms of mont...Read More

The Turkish steel mills have gone quiet in the deep-sea scrap markets after the recent sharp fall in prices, with more mills shutting down their operations due to the Covid-19 pandemic, sources said on Tuesday March 31.Two steel mills booked Baltic Sea cargoes late last week at around $206-207 per tonne cfr for HMS 1&2 (80:20), which sent the daily scrap indices down by $23.42 per tonne at the beg...Read More

China's official manufacturing purchasing managers' index (PMI) rebounded to 52 in March, after 35.7 in February, which means 52% of purchasing managers reported conditions were "better" in March than they were a month earlier. This has provided some support to the base metals this morning, Tuesday March 31.Asian-Pacific equity indices and pre-market western futures were mixed. Japan's preliminary...Read More

Xin Guobin, Deputy Minister of Industry and Information Technology (MIIT), has urged regional officials to speed up the introduction of policies to boost automobile consumption. Speaking at a press conference during China's Manufacturing Industry Resumption Meeting on March 30, Xin said MIIT are "actively cooperating with relevant ministries and commissions to study policies and suggestions for st...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.The Spanish steel industry has demanded clarification from the government following a March 29 decree to shut down all non-essential production as part of the battle to contain the Covid-19 pandemic, Fastmarkets heard on March 31.The closure of borders and reduced port operations across African...Read More

Today is Tuesday, March 31, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,592.75. It's down -1.88% from yesterday and up 2...Read More

European domestic prices for hot-rolled coil were almost unchanged day on day in a slow market, sources told Fastmarkets on Tuesday March 31.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was fairly stable at ?,?472.86 ($522.84) per tonne on Tuesday, down by only ?,?0.27 per tonne day on day from ?,?473.13 per tonne on March 30.Tuesday's...Read More

Today is Tuesday, March 31, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Falcon Minerals Corporation (NASDAQ: FLMN), Brigham Minerals (NYSE: MNRL), and Diamond S Shipping (NYSE: DSSI).Falcon Minerals Corporation (NASDAQ: FLMN)Falcon Minerals Corporation (NASDAQ: FLMN) is a $182.24 million company today with a one-year return of -76.47%. Let's look at...Read More

J.P. Morgan about to bash a photographer with his caneLegend has it that in the Panic of 1907, with the world crashing about him, J.P. Morgan strode into NYSE, stood on a table, and with an hour to go until close, bellowed, "Buy!" thus saving his bank, all banks, Wall Street, and the U.S. harvest. This event, in turn, led to the creation of the Federal Reserve in 1913.This pithy anecdote is only r...Read More

Junior mining stocks have taken it on the chin like everything else this year. Insiders are bargain hunting, and in its March 25th morning report, INK Research looked at two examples. Watch the short video summary now and read the report on Ultra Money Free. To read the PDF version of the report, look for the paper clip in the lower navigation bar while watching the video. Ivanhoe Mines (IVN) whi...Read More