The prolonged slump in base metals came to an abrupt halt in late 2016 when growing demand coupled with supply constraints pushed metals such as iron ore, steel, copper, nickel, and zinc higher. While prices for iron ore and steel have softened the outlook for copper, zinc and nickel remains optimistic. The future for copper is upbeat because of increased industrial demand primarily from China, wh...Read More
There are few investments on the market that attract such a passion and fever among investors as gold. The emotional attachment around the precious metal has provided investors with a safe haven from market fluctuations as a store of wealth, and with few exceptions, has steadily appreciated in value to the joy of those investors.Barrick Gold Corp. (TSX:ABX)(NYSE:ABX) is the world's largest gold m...Read More
Silver continues to take a bath despite gold moving higher in recent weeks because of rising geopolitical tensions in the Middle East and on the Korean Peninsula. That has caused the gold to silver ratio to widen, with 79 ounces of silver now required to purchase one ounce of gold. This in conjunction with rising industrial demand for the white metal and the likelihood that it will follow gold hig...Read More
The spot price of gold and silver shot up after President Donald Trump cancelled his June 12 summit with North Korean leader Kim Jong-un on May 24. The move did not come as a surprise, as relations between the two countries had deteriorated in recent weeks. North Korea had protested the scheduling of joint military drills conducted by the U.S. and South Korea.What provoked even more controversy wa...Read More
Over the last month, I've received numerous questions pertaining to the direction of the gold price. The fact is, I don't have a crystal ball and, while I believe we will see higher gold prices in the future, I have no idea when, and really, I don't care.Why? Simply, I don't invest in junior mining companies because I believe the price of gold is going to go up. I believe you invest in junior mini...Read More
Russian aluminium producer Rusal has offered the light metal for July-Septmeber delivery to main Japanese ports (MJP) on cif basis at $160 per tonne premium over London Metal Exchangecash price, according to six trader sources familiar with the matter. The offer is 24% higher than the second quarter MJP premium of $129 per tonne. "We have a tiny business with Rusal, we would have to disc...Read More
New Jersey Mining has generated sustainable mining operations in Idaho while achieving discovery success as an emerging producer in a difficult market. Investor's Digest of Canada columnist Mike Kachanovsky. While the start to 2018 has been somewhat lacklustre, the glass should be considered half-full in the junior mining sector. On one hand, it has been a difficult operating regime for small-scal...Read More
Bob Moriarty ArchivesMay 28, 2018The market is well aware that Novo Resources has amassed the largest land position in the Pilbara Basin with about 12,000 square kilometers or 4,600 square miles. The market doesn’t yet realize that a tiny junior with a market cap of about $3.5 million USD in November has begun snapping up land in the Pilbara like Pac-Man on speed.That junior, Pacton Gold (PA...Read More
Low grade manganese ore prices rebounded in China after recent low prices attracted fresh consumer appetite and trader interest. Low grade ore prices up nearly 3%High grade prices slide slightlyAlloy prices slide in China and IndiaAlloy prices stable in EuropeFerro-manganese prices hold in United States as silica-manganese weakens.Low grade manganese ore prices ended their two-month slide on Frida...Read More
Prices of ammonium paratungstate (APT) in both Chinese and European markets moved up further over the past week amid massive stoppages in the major production hub of Jiangxi province, while the ferro-tungsten market was quiet as both domestic Chinese and overseas prices declined. Prices of ammonium paratungstate (APT) in both Chinese and European markets moved up further over the past week amid ma...Read More
South Africa's more expensive winter power tariff is likely to push chrome prices higher in China's already tight market. Charge chrome prices keep rising on tighter supplyChrome ore prices follow charge chrome higherChinese domestic alloy prices pause as market awaits June tendersAlloy prices tick up in EuropeAlloy prices hold in Japan, South Korea and United States South African chrome ore...Read More
Drilling at Orca Gold's Block 14 project in Sudan, Africa. Source: Orca Gold Inc.Orca Gold Inc. [ORG-TSXV] said Monday May 28 that it has moved to fund feasibility work on a gold project in the Republic of Sudan by arranging a $22 million strategic investment from Australian company Resolute Mining Ltd. [RSG-ASX]. Under the agreement, Resolute has agreed to subscribe for 32.3 million common shares...Read More
A sample of lithium-bearing pegmatite from Redzone's Fortner Boyd claims (also known as the Lucky Mica claim group. Source: Redzone Resources Ltd.Redzone Resources Ltd. [REZ-TSXV; REZZF-OTC] said Monday May 28 that it has satisfied all the conditions under its previously announced option agreement relating to the acquisition of 14 lode claims in Arizona.The option agreement gave Redzone the right...Read More
A few years ago, I wrote a blog post titled — Converting Net Worth into Cash Flow. I think that article was somewhat controversial then, and perhaps it still is to a large degree today… The reason being? Well, when it comes right down to it, when we are talking about the subject of early FI, without question, the popular consensus and narrative out there across the blogosphere (and oth...Read More
Chinese silicon export prices continued to trend lower on bearish sentiment resulting from weak domestic consumption, while in Europe prices remained steady in thin trading. The Chinese grade 553 silicon metal export price dropped to $1,840-1,900 per tonne on Friday May 25, down 1.3% from $1,860-1,930 per tonne one week ago. Japanese traders have started extensive procurement since the s...Read More
VANCOUVER - Pan American Silver Corp. shares slumped after it said it's curtailing operations at its Dolores mine in northern Mexico following security incidents along the access roads.The Vancouver-based company says it has suspended personnel movements to and from the mine in Chihuahua state, but will maintain enough staff on site for security and reduced operating activities.Workers were h...Read More
Turkish domestic auto bundle scrap prices pushed up this week, while ship scrap prices fell due to the weakness of the Turkish lira compared with the US dollar, sources told Metal Bulletin on Monday May 28.Turkish domestic auto bundle scrap prices have risen, while the ship scrap prices were falling due to the weak lira, sources said on Monday May 28.Steel mills in Turkey raised their bu...Read More
It is a crime to report on certain events in Great Britain. But one defiant journalist ignored the court imposed gag orders and reported anyway on three connected sex abuse trials involving dozens of defendants.Police arrested Tommy Robinson outside the courthouse while he filmed using Facebook live. The courts had already delivered a suspended sentence to him for covering the second trial. Now th...Read More
*This speech was recorded on 5/16/18How and why the world's central banks, led by the Federal Reserve, need to normalize monetary policy - Keynote by Danielle DiMartino Booth at 'Ending QE' Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and laun...Read More
Keith Neumeyer is the president and CEO of First Majestic Silver, one of the largest primary silver mining companies in the world. He's also the founder and chairman of First Mining Finance. Both companies are traded on the Canadian and U.S. stock exchanges.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, cover...Read More