Key data from Fastmarkets' pricing session in Shanghai, New York and Galway on Friday April 24. China The lower end of domestic prices widened downward due to producers' attempts to destock. Export market dropped after suppliers slashed their offer prices to attract...Read More
British Steel is set to restart production at its North Yorkshire special steel mill, on Monday April 27, following a three-week shutdown the company announced on April 24.In addition to the 240,000 tonnes-per year special steel mill at Skinningrove in Redcar & Cleveland, the company said it also plans to reopen its Lisburn service centre in Northern Ireland."Whi...Read More
A summary of Spain-based stainless steel producer Acerinox's financial results for the first quarter of 2020. In brief The company said the stainless steel market recovery in the first quarter was cut short by the impact of the Covid-19 coronavirus, with profits down 14% year on year. The company had paused operations in Spain for four days in April and will resume...Read More
Vietnamese buyers continued to focus on Japanese scrap imports this week, and eschewed deep-sea bulk cargoes due to their high offers.Transactions involving individual shipments comprising 8,000-15,000 tonnes of Japanese H2 scrap were concluded at $234-235 per tonne cfr Vietnam.Bids for such cargoes were made at $230 per tonne cfr Vietnam, while offers were at $234-245 per tonne cfr Vietnam. Fastm...Read More
Taiwanese buyers continued to chase after imports of heavy melting scrap (HMS) imports this week, which caused prices to increase amid limited supply.Transactions were being concluded at increasingly higher prices throughout the week.They went from $220 per tonne cfr, $221 per tonne cfr and $222 per tonne cfr in the first half of the week to around $226-227 per tonne cfr in the second half. Offers...Read More
After signing a deal with Barrick Gold (TSX: ABX; NYSE: GOLD) to earn a 70% stake in its Pueblo Grande project in the Dominican Republic earlier this month, Precipitate Gold (TSXV: PRG) plans to focus on the Copey Hill target at its Ponton project, 20 km away.The Copey Hill target, which has never been drilled, is hosted by the Los Ranchos Formation, the same prospective rocks that host Barrick's...Read More
Papua New Guinea (PNG) is set to take control of Barrick Gold's (TSX: ABX; NYSE: GOLD) Porgera mine after refusing to extend the company's lease on environmental and social grounds, Prime Minister James Marape said today."In the best interests of the state, especially in lieu of the environmental damages, claims and resettlements issues, the Special Mining Lease will not be renewed," Marape said.T...Read More
Haywood Securities has cut its base metal price forecasts for 2020 due to the COVID-19 pandemic.The investment dealer expects copper will cost US$2.45 per lb. (from its previous estimate of US$2.90 per lb.) and forecasts a copper surplus this year of up to 1 million tonnes "in what had been expected to be a balanced market.""While production disruptions in key producer countries will remove signif...Read More
Silver prices have dropped sharply year-to-date and are currently down 13.2% year-on-year at US$15.29 per oz., but the Bank of America (BofA) says its supply and demand model suggests that prices below US$15 per oz. "are hard to justify even now," and predicts that prices could reach US$20 per oz. in the next 12 months.By looking at the trajectory for the Euro against the U.S. Dollar and real exch...Read More
Gold Fields hopes to reach full production at its only gold mine in South Africa by the end of May, its chief executive said on Thursday, as it forecast limited impact to its global output from the coronavirus pandemic.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
"PyroGenesis (@PyroGenesisCan) (#TSXV: $PYR | #OTCQB: $PYRNF) Receives Additional $457K Under Exclusive Deal with US Tunneling Company [https://t.co/RqLpTUUVKC]#investing #stocks #stockmarket #trading #investors #news #business #investments #tech #technology #plasma #torches"Read full newsRead More
Despite the recent rally, investors still seem anxious about the market. The economic shutdown could persist far longer than expected, potentially leaving permanent dents in the economy and consumer confidence for years. At times like these, investors consider the gold price a stabilizing force. Gold has served as a safe haven for investors in nearly every previous crisis — and this tim...Read More
Over the last few weeks, one of the things I’ve talked about consistently is rising gold prices. More specifically, the potential for investors who take advantage and buy gold stocks today.Every time a major country issues more debt or has to print more money to help ease the blow to their economy, gold gains value.It now appears that some larger financial institutions are taking notice, wit...Read More
Energy has been a hot sector since the March 23rd lows. Within the sector, the uranium group has led the way, and today INK Research takes a look at a company that invests strictly in physical uranium. In this report, INK references an enlightening Real Vision interview with Arthur Hyde from Segra Capital Management on April 15th who clearly explains the state of the uranium industry and why COVI...Read More
Chris MarcheseChief Mining Analyst, GoldSeek & SilverSeekWeek Ended April-24, 2020$AUN.V, $BSR.V, $CDE, $GORO, $GPL, $KL, $PG.TO, $SAND, $SILV, $SKE.V, $VGCX.TOThere has been a considerable lack of news flow recently as a result of on-going mining suspensions due to COVID-19. This should change over the next couple of weeks as companies report Q1 results. The Mexican Federal Government has ex...Read More
Dear Friend of GATA and Gold:U.S. Rep. Alex X. Mooney, R-West Virginia, is pressing the U.S. Commodity Futures Trading Commission to answer the critical questions about market manipulation the commission long has refused to answer lest it expose the U.S. government's rigging of the futures markets and especially the gold and silver futures markets.In a letter dated April 13 and made public this...Read More
Future TrajectoryJuggling ActTesting TimeThe Inflation/Deflation DebateHow High Will Unemployment Go?Puerto Rico and Missing My GymWe are looking at a world with parameters bounded by pure imagination; where we go from here is anyone's guess. Will Thomson and Chip Russell, Massif CapitalToday's letter will be another hop-around review of the crisis landscape. I'll touch on several topics instead...Read More
Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, discusses the impact of the Federal Reserve's stimulus efforts on markets and the likelihood of defaults in Europe and emerging markets. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global i...Read More
TOPICS IN THIS INTERVIEW:Paper pricing breakdownInevitable precious metals upsideSilver manipulation is to the extremeDiscussion on how to sell metalComments on mining companiesTheodore Butler is an independent silver analyst who has published unique precious metals commentaries on the internet since 1996. He is the head of Butler Research LLC, where he offers a subscription service of weekly comm...Read More