London Metal Exchange three-month base metals prices, except tin, ticked up during the morning on Wednesday October 10 despite news that United States President Donald Trump will not hold long-awaited fiscal stimulus talks with US Democrats until after the Presidential election on November 3.Discussions regarding the proposed US $2.2 trillion relief bill are ongoing, revised down from the original...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Wednesday October 7, while equity markets were mixed. US Federal Reserve chair Jerome Powel warned too little stimulus is worse than too much.International Monetary Fund chief Kristalina Georgieva warns economic "calamity is far from over".US President Donald Trump postpones stimulus talks with Democrats unt...Read More
Aluminium premiums across the globe were mostly unchanged amid low liquidity in the week to Tuesday October 6, with all eyes on the narrowing London Metal Exchange spreads.Low liquidity for Rotterdam premiumsUS participants look to November for clarity on Canadian unitsEnd of the import quota in BrazilNorth Asia spot premiums unchanged on stable demandRotterdam flat; Spain, Italy catch upPremiums...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The chromium metal market is facing oversupply after orders from the aerospace sector stalled, resulting in increased competition for business among suppliers, sources told Fastmarkets. Chromium metal in its higher purity is used to create a variety of superalloy components including turbine blades for the aerospace industry, due to its high resistance to corrosion. "Demand [from aerospace] is dow...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade,...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 7. Key drivers A persistent and seemingly increasing tightness in titanium scrap is propelling scrap and ferro-titanium prices for the fourth and fifth weeks in a row respectively. Ferro-titanium producers say they are worried about securing enough scrap in coming weeks, with volumes falling from traditional sect...Read More
Granada Gold Mine Inc's (CVE:GGM) Frank Basa pitches the company to investors at the Proactive One2One virtual event. Granada Gold Mine is a TSX Venture list...Read full newsRead More
FenixOro Gold Corp is pleased to advise that CEO John Carlesso anRead full newsRead More
Renforth Resources Inc. is pleased to inform shareholders that thRead full newsRead More
A.I.S. Resources Ltd. announces that the Company has signed the dRead full newsRead More
Australian gold miner Northern Star Resources on Tuesday offered to buy smaller peer Saracen Mineral Holdings in an agreed A$5.76 billion ($4.14 billion) deal that will create a global top-10 gold miner by market value.Read full newsRead More
Canada’s main stock index opened higher on Wednesday and was able to offset some of the losses from its worst day in two weeks in the previous session. Gains in gold stocks and silver stocks of Canadian mining companies were largely responsible for the change in direction. In the month leading up to the US Presidential election and with a worsening second wave of COVID-19 infections, gold i...Read More
The yellow metal took a breather from its solid upward climb and fell 8% since August. Canadian gold stocks, which notably outperformed gold this year, also calmed a bit in the last few months. However, we might see a renewed rally from gold in the current quarter, which could ultimately boost gold miner stocks.Unstable economic recoveryThe pandemic dented the global economic growth in 2020, which...Read More
Oct 08, 2020 Guest(s): Peter Hug Global Trading Director, Kitco Metals Both the precious metals and stock markets have seen a volatile week. Taking cues from the White House's hints on how much stimulus could be introduced before the presidential election, prices have seen large moves in both directions in a very short amount of time. On a medium to longer-term basis, "holding a core position in...Read More
For almost two years now I've been making the case for facial recognition, or "Stealth ID" technology.This is software that can be used in cameras, or even digital advertisements, to identify known criminals, or in some cases in-progress crimes.More than that, it's now being used to scan crowds for potential COVID-19 carriers and help alert those who may have come in contact with them. And it's a...Read More
Oct 08, 2020 Guest(s): Jeffrey Pontius CEO & President & Director, Corvus Gold Despite the gold price hitting all-time highs this year, growth for both the bullion and the gold mining sector is just getting started, with gold expected to expand to the $3,000 an ounce range, said Jeff Pontius, CEO of Corvus Gold. "I think we've got a fundamental market that's got a lot of legs left in it. I think...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 8 that are worth another look.The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.Read More
The three-month aluminium price on the London Metal Exchange was the standout performer at the close of trading on Thursday October 8, breaching nearby resistance levels amid growing concerns over instability at Malaysian commodities hub Port Klang, while the metal's forward curve continued to shrink into the afternoon.Aluminium's outright price on the LME closed at $1,804 per tonne on Thursday af...Read More