Soci?(C)t?(C) le Nickel will halt operations at its Thio nickel mine in New Caledonia to protect the site and its employees while fresh industrial action continues to jeopardise already-embattled operations, the company said on Thursday March 5."Following a series of blockades over the past month and a half, I can confirm that all activities at Thio mine will be suspended to protect both our emplo...Read More
Bob Moriarty ArchivesMar 5, 2020What if you gave a party and no one came? The Fed found themselves in that embarrassing position on Tuesday as they dumped a .5% drop in the Fed Funds rate onto a startled market. The market wasn’t startled at the interest rate decline, the market was startled because when the Fed spiked the punch one more time no one would drink the Kool Aid.I’ve said f...Read More
Keith WeinerPosted Mar 5, 2020The big news this week was the drop in the prices of the metals (though we believe that it is the dollar which is going up), $57 and $1.81 respectively.Of course, when the price drops the injured goldbugs come out. We have written the authoritative debunking of the gold and silver price suppression conspiracyhere.We provide both the scientific theory and the data. So...Read More
Points that Investors& Executives of Small Mining Companies (Juniors) should consider.1-Small cap gold and base metal stocks differ in several ways from large cap metals and are best approached on a potential value basis. That would be what a company expects to have "in the ground" and/or what the company eventually expects to prove. Successful invest...Read More
"Congress has agreed to provide US$8 billion to fight coronavirus!" US president Donald Trump tweeted, as other governments contemplate packages.North American and European indices closed higher and the S&P 500 was up 4.2%, although Australasian markets were mixed yesterday.The Bank of Canada cut interest rates yesterday, in line with moves by Australia's and US' central banks this week.The go...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More
Market participants expect to see a decline in the monthly tender price offered by major Chinese stainless mills for March delivery of domestic high-carbon ferro-chrome when the tenders are officially announced in the coming days. Fastmarkets examines the reasons behind this expectation and discusses how smelters might respond to the lower tenders.It is important to note that the tender prices ann...Read More
By: Ira EpsteinGold is fighting a battle. Momentum is slightly up, but needs to get above $1,654.30 swing line..Read More
Near zero bond yields globally will ensure that sharp corrections in gold will be used to invest for the short term as long as term. Guarded optimism in silver at the moment. One needs to remain on the sidelines till Monday. Clear picture of the spread of corona virus in USA and India will be known by end of next week. USA and India are two big consumers of goods and services. A big global slowd...Read More
Bill Sullivan, senior foreign counsel at Jakarta-based law firm Christian Teo & Partners and a senior adviser to Stephenson Harwood LLP, said the new challenge was in the form of increased uncertainty about the practical enforceability of a traditionally favoured security right of lenders, the Fiducia Charge.He said the Constitutional Court had recently ruled a creditor was not entitled to rep...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More
Turkish steel mills remained out of deep-sea markets on Thursday March 5, with no new bookings following a standoff between mills and suppliers, sources told Fastmarkets. Turkish steel mills continued to hold off on booking cargoes and sources told Fastmarkets they did not expect to hear any new deals this week. The current stalemate was because US suppliers were unwilling to drop their export pri...Read More
Broad-based government action to lower interest rates and make money available to the markets have helped underpin the financial system and confidence, and that has led to some risk-on in some sectors this morning, Thursday March 5. Following on from the United States Federal Reserve's emergency 50-basis-point rate cut on Tuesday, Wednesday saw the US House of Representatives approve an emergency...Read More
SUDBURY - Ontario is helping companies develop world-leading technologies to make mining safer, smarter and more productive.Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced the launch of the CENGN Smart Mining Testbed at NORCAT in Greater Sudbury. Part of the Next Generation Network Program, the Smart Mining Testbed will provide access to state-of-the-art wireles...Read More
SUDBURY - Ontario's government is supporting the film, television, music and tourism industries in Sudbury by investing over $8.5 million in 12 projects that will create jobs and boost the local economy.Greg Rickford, Minister of Energy, Northern Development and Mines, was at Science North today to announce the investment made through the Northern Ontario Heritage Fund Corporation (NOHFC) for the...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More
Weakness in cobalt metal prices along with growing concerns of disruptions to downstream battery operations in South Korea amid an outbreak of novel coronavirus (2019-nCoV) are weighing heavily on the Chinese cobalt sulfate market.Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China was 53,000-55,000 yuan ($7,615-7,903) per tonne on Wednesday March 4, a drop of 2,000 yuan per...Read More
Today is Thursday, March 5, 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 $1,664.45. It's up 1.69% from yesterday and up 29.2...Read More
Today is Thursday, March 5, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Magnolia Oil & Gas Corporation (NYSE: MGY), Centennial Resource Development (NASDAQ: CDEV), and Solaris Oilfield Infrastructure (NYSE: SOI).Magnolia Oil & Gas Corporation (NYSE: MGY)Magnolia Oil & Gas Corporation (NYSE: MGY) is a $1.797 billion company today with a one-year retu...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More