Investing.com - Concerns over rising U.S. Treasury yields look set to remain in focus for precious metals traders next week after gold prices managed a slight gain on Friday but still ended the week with a drop of almost 1%.The U.S. nonfarm payrolls report for April, set to be released next Friday, and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday, which will help...Read More
Steel billet prices in most global markets either held steady or continued to weaken during the week from Monday April 23 to Friday April 27 after global trading activity ebbed away amid soft demand.But prices for long steel products in China and Southeast Asia edged up following China's slight recovery in the early part of the week.ChinaChinese domestic billet prices lost their upward momentum on...Read More
Steel billet prices in most global markets either held steady or continued to weaken during the week from Monday April 23 to Friday April 27 after global trading activity ebbed away amid soft demand.But prices for long steel products in China and Southeast Asia edged up following China's slight recovery in the early part of the week.ChinaChinese domestic billet prices lost their upward momentum on...Read More
Argentinian lithium producer Orocobre (TSX: ORL) recently reported lower than expected lithium production in its third fiscal quarter because weather interfered with its evaporation rates of its lithium brines. This reveals two problems with lithium brine production: reliability and geography. Another source of lithium is rising to met these problems, hard rock lithium mining. One analyst pointe...Read More
Gold is sliding back towards US$1,300 per ounce, and investors are wondering if more downside could be on the way.Let's take look at the current situation to see if the pullback is an opportunity to buy or a signal to stay on the sidelines.Interest rate outlookA number of factors can impact the price of gold, including interest rate moves in the United States.The generally accepted theory is that...Read More
It was music to gold bug ears.We've all heard the seemingly shocking or outrageous price targets for Gold. So it's not new.But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot.Gundlach's comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold starts breaking to the upside, Gundlach's...Read More
Precious metal streaming companies, such as Wheaton Precious Metals Corp. (TSX:WPM)(NYSE:WPM), hold massive appeal and opportunity for investors that are looking to enter the volatile, yet lucrative precious metals market.New and seasoned investors may realize that there are significant differences between a streamer and a miner, but they may not understand how that difference can translate into m...Read More
Argentinian lithium producer Orocobre (TSX: ORL) recently reported lower than expected lithium production in its third fiscal quarter because weather interfered with its evaporation rates of its lithium brines. This reveals two problems with lithium brine production: reliability and geography. Another source of lithium is rising to met these problems, hard rock lithium mining. One analyst pointe...Read More
It was music to gold bug ears.We've all heard the seemingly shocking or outrageous price targets for Gold. So it's not new.But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot.Gundlach's comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold starts breaking to the upside, Gundlach's...Read More
Growth in world uranium inventories is slowing as the supply sector is responding to a gradual recovery in uranium demand, according to speakers at the World Nuclear Fuel Cycle (WNFC) conference held in Madrid on 18-19 April. Uranium resources remain plentiful, but the investment needed to bring resources into production depends heavily on the market, the conference heard.TradeTech's Treva Klingbi...Read More
Russia's floating nuclear power plant Akademik Lomonosov has left Baltiysky Zavod shipyard in Saint Petersburg, where its construction began in 2009. Housing two 35 MW KLT-40S nuclear reactors, similar to those used in Russia's nuclear-powered ice breakers, Akademik Lomonosov left the shipyard on 28 April and is now heading to its permanent base in Russia's northernmost city of Pevek.Akademik Lomo...Read More
Base metals on the London Metal Exchange were mixed at the close of trading on Monday April 30, with nickel dropping 1.5% from Friday. Nickel recorded a high-low range of $270, reaching a high of $13,940 per tonne during morning trading. With consolidation now firmly in place, nickel's three-month price is continuing to slide lower below the $14,000 per tonne support level. Despite this, sentiment...Read More
Net substitution of copper in 2017 fell for the sixth year in a row to 225,000 tonnes, down from 245,000 tonnes the previous year, according to figures released by the International Copper Association (ICA) on Monday April 30. Findings of the 2018 Global Copper Substitution survey, conducted by specialist consultancy MetalsPlus, reveal that total substitution accounted for 0.8% of the market last...Read More
Comex copper prices bounced-back from a multi-week low on Monday April 30 morning in the US, with investors preventing another wave of selling despite the dollar climbing once again.Copper for July settlement on the Comex division of the New York Mercantile Exchange inched up 1.15 cents or 0.4% to $3.0810 per lb. On Friday, the contract fell to its lowest point since April 6 on a bout of technical...Read More
Softening demand and delayed tenders from Chinese stainless steel mills weighed on prices and activity for the country's ferro-chrome and chrome ore markets. Strong imports of chrome ore into China added to bearishness Falling ferro-chrome prices weigh on charge chrome and UG2 Stability for South Korean and Japanese markets Trades show drop in European ferro-chrome US prices firm slightly on limit...Read More
The Chinese ferro-silicon market has rebounded in the week to Friday April 27, ending a steady run of losses since early March, because of supply worries and renewed buying from traders; prices in Europe and the US have gone the other way, however, due to slack demand for alloy on a prompt basis. China pares losses, eyes more gains as China futures jumps Europe, US suppliers cut offer prices...Read More
Israeli businessman and Democratic Republic of the Congo (DRC) mining magnate Dan Gertler is suing former partner Glencore for just shy of $3 billion in unpaid royalties, Glencore said late on Friday April 27.Gertler's Ventora Development Sasu alleges Glencore DRC subsidiaries Mutanda Mining and Kamoto Copper Co (KCC) owe approximately $695 million and $2.28 billion respectively in royalties that...Read More
It took the company a few months to find a replacement for Giulio Bonifacio, but Nevada Copper (NCU.TO) has now announced Matthew Gili has been appointed as new CEO of the company, starting on May 1st.Gili might not be very well known, but his credentials appear to be very strong. He's coming over from Barrick Gold (ABX, ABX.TO) where he was the Executive General Manager for the Cortez district in...Read More
Bill Beament says Northern Star Resources shareholders should be gearing up for a surge in free cashflow as the company reaches its targeted run-rate of 600,000 ounces per annum of gold.Kristie Batten* Bill Beament says Northern Star's free cashflow will soar30 APRIL 201830/04/2018commentsshareGold sold in the March quarter was 119,976oz at all-in sustaining costs of A$1,075 per ounce, taking...Read More
Core Gold (CGLD.TO) has now closed the US$1.6M bridge loan provided by Credipresto, a company related to Javier Reyes, one of its directors. The proceeds were already advanced to the company in January 2018, and the deal has now been 'officialized'. Credipresto was also awarded 800,000 share purchase warrants in Core Gold, with a strike price of C$0.365 per warrant.Core Gold will very likely publi...Read More