Sean Boyd, CEO of Agnico Eagle Mines, explains how gold mining has become much more complex over the 21 years he's been in charge at the company and how Agnico has grown to become Canada's biggest gold producer.Read full newsRead More
The U.S. unemployment rate is 3.8% and the U.S. economy hasn't contracted since the first quarter of 2014.And yet the Federal Reserve is gearing up for a rate cut.That shouldn't excite you - it should scare you.When is the last time the Fed issued a preemptive rate cut?And what's the next step if that rate cut doesn't work?To hear Donald Trump talk, you'd think Jerome Powell was Paul Volcker - dri...Read More
Zinc premiums dipped in Europe but were flat elsewhere, reflecting the onset of the summer slowdown, although US demand for lead and zinc is reportedly improving. SHG zinc premiums drop in Antwerp, backwardation in forward curve re-emerges Cash/three-month spread swings to $13 backwardation vs contango last week Some US lead buyers picking up tonnages at low numbersNorth European premiums down, ba...Read More
Gold bulls might be in a mood to celebrate if the Federal Reserve, as is widely expected, delivers a rate cut Wednesday. But history suggests they might want to keep their emotions in check. Gold GCV19, -1.21%, after all, has already enjoyed a substantial rally-with futures trading near a six-year high-fueled in large part by mounting expectations for the Fed to deliver easier monetary policy in a...Read More
The three-month nickel price on the London Metal Exchange climbed by 1.4% at the close of trading on Wednesday July 31, shaking off downward momentum emanating from an expected US Federal Reserve interest rate cut and subsequent dollar incline. Nickel futures closed at $14,490 per tonne on Wednesday, climbing from an intraday low of $14,255 per tonne while just over 7,000 lots of metal traded over...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average tumbled more than 300 points Wednesday after the Federal Reserve cut interest rates by 25 basis points and Fed Chair Jerome Powell hinted that future cuts are not guaranteed. Apple (AAPL - Get Report) traded higher after the iPhone maker posted fiscal-third-quarter earnings and revenue that topped a...Read More
The US nickel briquette premium narrowed in the week to Tuesday July 30 with the material no longer being offered or traded at lower premium levels, while the nickel premium markets in China and Europe were quiet on a lack of import incentive and summer slowdowns respectively. US briquette premium narrows with business concluded at higher levels despite seasonal lull Chinese premiums flat wh...Read More
Trump also criticised China and said the US had "all the cards" as trade negotiations get underway this week.Bloomberg noted China's "marginal improvement" in PMI data was no reason to be optimistic about global equities.US and European market futures were pointing higher but Australasian markets were lower in afternoon trade.Spot gold had reached a fresh high in Australian dollar terms earlier of...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that it has received a purchase order from a distributor to equip various government vehicles in Australia with the CP250 in-vehicle cellular device as part of a Cellular Vehicle-to-Everything (C-V2X) pilot program.C-V2X is designed to connect vehicles to each other, roadside in...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to announce the appointment of Darren Battersby as Chief Financial Officer, effective August 1st, 2019.Mr. Battersby joins Venzee bringing the required experience to take the company through its next phase of growth. Mr. Battersby has held key roles in a number of growing and developing companies in t...Read More
Three Australian potash-project developers have been recent stars on the ASX with their share prices close to doubling since the start of the year and, in one case, almost doubling over the pastRead More
Here are five Fastmarkets MB stories you might have missed on Wednesday July 31 that are worth another look.A fundamental industry that has always been a primary facilitator of global trade, shipping aims to be at the forefront of digital technology. This report explores initiatives at the Dutch Port of Rotterdam - Europe's largest port by cargo tonnage - and how those connect with global tra...Read More
By: Ira Epstein$1,425.60 keeps the gold price bias to the upside:Read More
Metso said this week Kirsch, who ran its mining business in Australia for about a year, had also joined its executive group. Victor Tapia is leaving the company and vacating the mining equipment presidency, but will "take on another internal assignment" in the meantime.Nasdaq Helsinki listed Metso had sales of about EUR3.2 billion in 2018. The company employs more than 14,000 people in over 50 cou...Read More
"Following an extensive search operation, the victim's body was discovered in the Ahafo mine's mining area and recovered late Friday, 26 July," the company said.It said four other security guards were injured during the confrontation on Thursday."We are supporting our security provider in its efforts to assist the injured as well as the family of the deceased," acting regional senior vice presiden...Read More
Global integrated miner Nyrstar will be run as an independently operated company within the Trafigura group after a deal was concluded with its creditors and completed on Wednesday July 31.Trafigura now holds 98% of the outstanding shares in the new NN2 operating company, which will be run by its long-time assets head, Daniel Vanin.The Nyrstar 'ListCo" owns 2% of the new company and will continue...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
A fresh wave of stockpiling activities boosted the Chinese cobalt metal spot market price on Wednesday July 31. Fastmarkets assessed the price of cobalt 99.8% Co min, exw China at 222,000-232,000 yuan per tonne ($12.83-13.53 per lb, minus China VAT) on Wednesday, up 0.9% from 220,000-230,000 yuan per tonne on July 26. Renewed speculative buying this week was prompted by a combination of an ea...Read More
The Turkish steel mills have remained quiet in the deep-sea markets due to limited trading activity in te long steel and billet markets, sources said on Wednesday July 31.The mills in the country booked four deep-sea cargoes last week.Sources believed that the Turkish mills still needed scrap for August shipments but the weak rebar...Read More
The Wednesday Market Minute Global stocks slip as weak China data and fruitless trade talks keep investors on edge ahead of today's Fed rate decision.Apple's stronger-than-expected third quarter earnings, as well as a robust outlook, will boost U.S. markets prior to the 2:00 pm Fed announcement.European shares flat despite solid German data and an in-line reading for second quarter Eurozone GDP,...Read More