Miners are cautious about a full ramp-up in production even as Peru's Covid-19 pandemic-related state of emergency is expected to lift after Sunday April 26.An immediate ramp-up to pre-quarantine levels will not be possible for small to mid-size miners in Peru, a producer told Fastmarkets, given that restrictions on the movement of people as well as logistical disruptions are expected to continue...Read More
Tantalum prices have found support due to tightness of supply and concerns about obtaining material during the continued lockdowns in central African countries imposed to control the spread of the Covid-19 pandemic.Prices have been moving up over the past month, with buyers struggling to find cheap prompt units due to the increased worries about the future availability of material, market sources...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 21, 2020 The US stock market is once again in imminent danger of a major collapse.Pleaseclick here now.Double-click to enlarge this disturbing daily chart of the Dow. A rally towards resistance has taken the shape of a bear wedge.The rally failed to even reach that resistance zone, a...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 21 that are worth another look.The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Italian long steel producer Alfa Acciai Group has resum...Read More
Production from the company's Letšeng mine in Lesotho was 26,110 carats in the March quarter, down 12% quarter on quarter.Read More
The company said Kissam would stay on through June in an advisory capacity to ensure an orderly transition.He would also remain on the board and stand for re-election at the annual meeting on May 5.Masters joined Albemarle's board in 2015, having been a non-employee director of Rockwood Holdings from 2007-2015, when it was acquired by Albemarle."I look forward to continuing to work with the board...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 21.Please click...Read More
Glencore's Mopani Copper Mine in Zambia could continue to operate under certain conditions after the company's decision to shut the mine led to strong opposition from the the country's government.A company statement, dated Monday April 20, said that the mining operations could restart if an agreement were reached between government officials and Glencore, but did not give details of the necessary...Read More
By: Gary SavageThe market top is next not going to happen until May, maybe in June..Gary Savagehttps://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold losing momentum and changing into a negative state..Read More
Gold and silver should rise after crude oil bust up. First casualty of the crude oil bust as Singapore Police probe Hin Leong After $800 Million Oil Losses. There will be more. I remember in 2009 during the natural gas price bust, a lot of hedge funds vanished. Red Kite and copper everyone one remembers. There will be a lot energy traders who have been busted. Large hedge funds and state backed...Read More
Over two million tonnes of copper mine supply could be temporarily lost this year due to disruptions related to the Covid-19 pandemic and other non-virus factors, the chief executive officer of Eurasian Resources Group Benedikt Sobotka said.This is equivalent to around 10% of 2020 copper mine supply and is double the roughly 5% of planned copper mine production that is typically lost due to unfore...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 21 that are worth another look.The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Italian long steel producer Alfa Acciai Group has resum...Read More
Tantalum prices have found support due to tightness of supply and concerns about obtaining material during the continued lockdowns in central African countries imposed to control the spread of the Covid-19 pandemic.Prices have been moving up over the past month, with buyers struggling to find cheap prompt units due to the increased worries about the future availability of material, market sources...Read More
Mexican steel scrap prices decreased in the week ended April 17, with some buyers applying the first round of a series of price cuts planned for the month, and a second group of buyers keeping their prices stable.In Mexico's central Baj?-o region, steelmakers applied price cuts of 200-400 pesos ($8-17) per tonne last week, and have announced a second round of price cuts of 200 pesos per tonne to s...Read More
The Turkish steel producers went through the second working day of the week with no deep-sea bookings and they were expected to remain quiet for the rest of the week, sources said on Tuesday April 21.The mills in the country booked at least seven deep-sea cargoes last week, totaling almost 220,000 tonnes.Market participants believed that those cargoes will be enough to cover mills' urgent needs."I...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were weaker this morning, Tuesday April 21, and Asian-Pacific and pre-market major western equity indices were weaker too. On Monday we had thought poor corporate earnings data had the potential to rattle markets, but it seems that negative oil futures prices were the catalyst that caused traders concern. The soon-to-exp...Read More
Share this articleTeck Resources Ltd. is reporting a first-quarter loss attributable to shareholders of $312 million as it takes a $474-million writedown on its share in the Fort Hills oilsands mine.The Vancouver-based miner's loss in the three months ended March 31 compares with a profit of $630 million in the same period of 2018.The company reported an adjusted profit of $94 million, or 17 cent...Read More
The lockdowns imposed due to the Covid-19 pandemic were offering automotive manufacturers a rare opportunity to take a step back and to re-evaluate their long-term strategies, the chief executive officer of Eurasian Resources Group has said.Benedikt Sobotka said that although the world is currently facing distressing times, it was also a chance to restructure supply chains and to take more decisiv...Read More
Yesterday the May 2020 contract for oil fell to negative $35 at the close from $20 at the open. That is, in theory, the oil producers would have to pay you to take it.When I first started trading there was always a secondhand story about some guy who didn't get out of his coal/pork bellies/corn futures contract in time and when he came home there were three tons of unprocessed bacon on his lawn.Ye...Read More