China's stainless steel sellers cut both domestic and export prices over the past week in an attempt to generate more sales.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,200-14,900 yuan ($2,144-2,250) per tonne, down by 100 yuan per tonne from a week earlier.Trading houses were actively selling stainless steel due to their pessimistic outlook for prices in of December....Read More
Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.The combination of fewer vessels on the water, an imbalance in trade flows to and from China and competition between cargoes has kickstarted a rapid increase in shipping costs, making it harder for sellers...Read More
China's secondary copper production will rise to 4 million tonnes in 2025, a metal recycling body said earlier this week.Secondary output of non-ferrous metals, which are widely used in consumer electronics, will reach 20 million tonnes that year, the China Nonferrous Metals Industry Association Recycling Metal Branch (CMRA) estimated. Of these, secondary output of aluminium, lead and zinc are pro...Read More
Warren Buffett’s conglomerate took a nasty fall in the first quarter of 2020, losing a collective US$54.5 billion during the period. Berkshire Hathaway had no recourse but to unload shares of losing investments, particularly all airline companies.Thanks to Apple’s and Amazon.com’s stellar performances, Buffett’s portfolio gained $34.5 billion i...Read More
Predicting a market crash is hard, even for people like Warren Buffett. He has seen so much of the market and capitalized from so many market crashes that many people just assume that Buffett can predict when the market is going to hit rock bottom.Sadly, that’s not how it works. The market is continuously evolving. Accurately predicting the market crash at its lowest point and the starting p...Read More
Generally, when we think of dividend stocks, we tend to lean toward the traditional dividend growers. Utility stocks, telecoms, and even bank stocks tend to come to mind at first glance. But what if I told you there was a sector where dividends were growing by high double to even triple digits over the last year? That sector, if you can believe it, is gold.Gold companies as income stocksAfter seve...Read More
Gangfeng previously held a 22.5% stake in the project company - Sonora Lithium - in addition to a 29.99% equity stake in Bacanora Lithium, the project operator.Read More
Gold prices remained lower this week despite fading optimism over Pfizer's coronavirus vaccine and a record number of coronavirus cases in the U.S.But the vaccine really wasn't the only thing pulling down the price of gold over the past few days.Last Friday, November 6, the price of gold rallied to a six-week high as the U.S. dollar fell and the pound sterling rose.Gold Prices Three MonthsThe Brit...Read More
Is silver leading Bitcoin or is Bitcoinleading silver? Well, it depends on which time framing one is looking at.On this chart comparison below, silverappears to be leading the way higher compared to Bitcoin: I have marked out points (A to C and 1 to 5)on both charts to show how patterns on both silver and Bitcoin could besimilar. Point C represents the lows for both silver and Bitcoin in March oft...Read More
WHERE WILL THEY GET OVER 100,000,000 OUNCES OF PHYSICAL SILVER TO DELIVER...?!?by Bix Weir of Road to RootaOnce again the silver manipulators are "Playing" with the 50 day moving average of $24.66. But this is a dangerous game as 80k Silver contracts are currently open with only 8 Comex trading days left before the December Delivery month...IF over 20k contracts remain open...WHERE WILL THEY GET T...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The Scandinavian country, traditionally known for its oil and gas industry, "is acknowledging now that it can contribute [to the clean energy transition]", Grace Howe, exploration geologist at SRK,Read More
Look beyond market approach to project valuations: van ZylLeadershipPantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromineValuestone is a private equity fund established by China's Jiangxi Copper and CCB International Asset Ma...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Index futures were virtually unchanged following release of the U.S. October Producer Price Index at 8:30 AM EST. Consensus was an increase of 0.4% versus a gain of 0.4% in September. Actual was an increase of 0.3%. Excluding food and energy, consensus was a gain of 0.2% versus an increa...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningTSX-listed Turquoise Hill (TRQ) said on November 4 arbitration "will provide needed...Read More
David Rosenberg, chief economist and strategist at Rosenberg Research & Associates, has spent a lifetime analyzing trends and identifying future shifts in the global economy and financial markets.But even the celebrated economist is a little confounded by the scale and nature of the current global economic crisis and acknowledges it's hard for many investors to chart a clear path forward."In a wor...Read More
Shares in lithium explorer and developer Bacanora Minerals (LSE: BCN) surged after it announced its Chinese partner had more than doubled its stake in the company's Sonora project in Mexico.Cornerstone investor Gangfeng Lithium, China's largest producer of the battery metal, will invest ?21.8 million (US$29 million) to increase its holding in Bacanora's flagship project from 22.5% to 50%.Bacanora...Read More
For Serafino Iacono, executive chairman of Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF), mining has been a passion that has driven his business career back to the early 1980s. In a broad-ranging discussion as part of the November Global Mining Symposium conference, Iacono spoke with Trish Saywell, editor-in-chief of The Northern Miner, from Colombia.Though he's called Colombia home since 2004, Iac...Read More
The southwestern United States has a long-standing history of mining and remains one of the nation's top mineral regions. With existing infrastructure, an established regulatory and permitting regime and prospective geological terrain, many companies in the exploration space have a renewed interest in this destination. Below, we present eight companies active in the southwest United States.Bunke...Read More
Maurice Jackson of Proven and Probable interviews the CEO of Taiga Gold about the company's most recent news. Maurice Jackson: Joining us for a conversation is Tim Termuende, the CEO of Taiga Gold Corp. (TGC:CSE; TGGDF:OTCBB). Glad to have you back on the program, because you have some exciting news very exciting news by the way for shareholders on the Fisher Gold Project. Before we begin, Mr.Ter...Read More
GFG Resources plans to drill test this new target at its Pen gold project in Ontario in Q1/21. GFG Resources Pen ProjectGFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) announced in a news release it identified through sampling a new high-grade gold target, the R66 Prospect, at its Pen gold project located to the west of Timmins in Ontario. The Saskatchewan-based explorer discovered the R66 Prospect t...Read More