Cobalt prices have moved up again on Friday August 9 following Glencore's decision to shut its Mutanda copper-cobalt mine and cut output at its Katanga cobalt facility.The resulting supply concerns have pushed both suppliers and consumers to accept higher prices toward the end of the week starting August 5. Fastmarkets' benchmark price for cobalt, standard grade, in whs Rotterdam rose by 4.4% to $...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The publication of Fastmarkets' alloy grade and standard grade cobalt price assessments for August 9 were delayed because of editorial issues stemming from the high volume of pricing inputs.The Fastmarkets price book and database have both since been updated.Fastmarkets assessed alloy grade and standard grade cobalt prices at $13.60-15.15 per lb and $13.05-14.30 per lb, in-warehouse, on Friday Aug...Read More
The following Fastmarkets minor metals prices changed on Friday August 9:Minor metalsChromium alumino-thermic 99% min, in-whs Rotterdam, $/tonne: $7,150-7,450 per tonne from $7,200-7,500Cobalt alloy grade, in-whs Rotterdam, $/lb: $13.60-15.15 per lb from $12.50-14.00Cobalt standard grade, in-whs Rotterdam, $/lb: $13.05-14.30 per lb from $12.25-13.95Cobalt 99.8%...Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
Key data from the pricing sessions in China, Europe and the United States for the week ending Friday August 9. China UG2 chrome ore prices ticked down, breaking a four-week rally, after depreciation of the yuan against the dollar raised the cost of importing material. The charge chrome market was stable for the sixth consecutive week amid limited activity. ...Read More
Domestic European transaction prices for stainless-steel flat products were expected to increase in late August, when market activity revives after the seasonal slowdown, sources told Fastmarkets on Friday August 9.The price increase was expected to be driven by rising nickel prices. The price of nickel, 3 months, London Metal Exchange Daily Official, was $15,675-15,680 per tonne on August 9, up f...Read More
U.S. equity index futures moved lower this morning. S&P 500 futures were down 16 points in pre-opening trade. Index futures responded to continuing weakness to the Chinese Yuan.Index futures moved slightly lower following release of the U.S. July Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.1% in June. Actual was an increase of 0.2%. Excluding food...Read More
Avesoro Resources (TSX: ASO) has temporarily suspended operations at its Youga gold mine in Burkina Faso and moved all staff to the capital Ouagadougou as a precautionary measure, after a group of armed artisanal miners overran the camp and tried to steal ore from the mine's stockpile on Aug. 8.There were no injuries and government security forces will remain on site to protect the company's asset...Read More
The U.S. Environmental Protection Agency (EPA)'s decision to remove proposed restrictions on mining operations in Alaska's Bristol Bay is being called a "massive de-risking event" for Northern Dynasty Minerals' (TSX: NDM; NYSE-AM: NAK) Pebble project. The move could also improve the Vancouver-based company's chances of finding a partner to build the mine, which the company describes as the "most s...Read More
The U.S. is fertile ground for a variety of minerals, and Canadian companies are active throughout the land. The Northern Miner presents its top-10 list of the biggest Canada-based firms with substantial assets in the U.S., by market capitalization.1. BARRICK GOLDMarket cap: US$34.2 billionIn March 2019, Toronto-based Barrick Gold (TSX: ABX; NYSE: GOLD) and Newmont Goldcorp (TSX: NGT; NYSE: NEM)...Read More
TBILISI (Thomson Reuters Foundation) - Operations at a Chinese-owned gold mine i...Read full newsRead More
By: Ira EpsteinI would not be surprised to see gold pull back a bit before resuming to its upside. Gold market is very much in an uptrend.GDX / Gold Stocks - momentum locked in to the upside:Read More
You've been warned.You're enjoying the rising tide that's lifted your IRA, 401-K, and home valuation.?EUR<..You know you're at risk...You know you're riding on a bubble...You've told yourself you'll take some steps to deal with it...Some day... Pretty soon...But you've gotten too busy...And on the news, and the president, and lots of people are saying everything's going to be okay...But you know i...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
And according to NBC News correspondent Tom Winter, Epstein was no longer on suicide watch when he was found in his cell. Continue...Read More
Continue...Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventio...Read More
Topics:Central Bank Gold Agreement (CBGA) not renewed for first time in 20 yearsYet central banks around the world are buying gold hand over fist!Luke's take on what's driving this and why it's so importantFundamental case for gold (review) and is this a good time to buy?Read More
Time Stamp References:0:40 - Building First Majestic Silver.3:00 - Silver the misunderstood metal.5:30 - Are we back in a bull market for gold?7:20 - Institutional money is coming back.8:30 - How will the resource equities perform?11:00 - Management teams are key.Keith discusses the early days of building First Majestic Silver. People thought he was crazy to start a silver company, but they are no...Read More
By: Ira EpsteinI would not be surprised to see gold pull back a bit before resuming to its upside. Gold market is very much in an uptrend.GDX / Gold Stocks - momentum locked in to the upside:Read More