Chinese exports of unwrought aluminium and aluminium products fell slightly on a year-on-year basis in September while imports of unwrought copper and copper products continued to increase, according to Chinese customs data released on Tuesday October 13.Chinese exports of unwrought aluminium and aluminium products fell slightly on a year-on-year basis in September while...Read More
China's domestic rebar prices dipped on Tuesday October 13 due to a drop in demand amid a weakening of the futures market.DomesticEastern China (Shanghai): 3,710-3,740 yuan ($551-555) per tonne, down by 10 yuan per tonneBuyers cut their procurement rates during the day, having done some replenishment over last Friday and Monday.A trader said his customers were planning to wait out the spot market...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Tuesday October 13, while those on the Shanghai Futures Exchange were either unchanged or firmer, as were equities. Equities seem to be maneuvering for a United States democratic presidency and all the extra stimulus that might bring. But LME metals are not following equities this morning. Base metalsTh...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Stainless steel sheet prices in the United States have again risen in line with higher surcharges, while demand levels increased and lead times extended, Fastmarkets understands.Fastmarkets' price assessments for stainless steel 304 cold-rolled sheet, fob mill US and for stainless steel 304L cold-rolled sheet, fob mill US rose to $127 per hundredweight and $129 per cwt respectively on Monday...Read More
Customs officials in southern China have impounded just under 10,000 tonnes of copper 'concentrates' after it turned out to be smelting waste, which is prohibited from entering the country.Customs inspectors at Fangchenggang, in Guangxi province in southern China, said the cargo was reported by a Shanghai-based company as copper concentrates - a feedstock used by copper smelters for making refined...Read More
While digital transformation has rocked the mining industry, the pandemic accelerated the shift to remote working, amplifying the demand for state-of-the-art technology to keep teams virtually connected to on-the-ground operations.TIMining, a global technology company dedicated to the mining industry with offices in Santiago and Perth, has multiple software platforms for different processes being...Read More
Mining stocks have performed well this year after the COVID-19 pandemic weakened the global economy. Propping up commodity prices further, global federal reserve banks have responded to the health crisis by setting expectations for a prolonged period of low interest rates.If you want to invest in mining stocks, here are the top three mining stocks to buy in October 2020.Yamana Gold: A solid hedge...Read More
People still listen to and follow Warren Buffett. He has shared more than 100 quotes that give investors the confidence to pursue financial goals. Many consider the American tycoon as one of the most successful investors in the world.Buffett is well loved, not only for his brilliant strategies but for his humility as well. There’s a pilgrimage to Berkshire Hathaway’s meeting every year...Read More
Gold stocks have soared with the price of gold in 2020 after the COVID-19 pandemic weakened the economy and Federal Reserve banks globally announced a prolonged policy environment of low-interest rates. Will gold continue to soar this year on inflation concerns or has the commodity price hit a peak?If you are still bullish on gold, here are three of the top TSX gold stocks to buy for October 2020....Read More
Of greater importance to iron ore miners are persistent reports of a looming fall in the iron ore price as Chinese steel production peaks and Brazilian iron ore exports recover after a series ofRead More
Seven bloody sisters sat together in a room wondering how things ended up so poorly for them.Times weren't always tough, mind you. In fact, most of their time lately has been spent reminiscing about the good old days.You see, those were the days they ruled the world.I understand any eye rolls that come my way. Most of you probably think I'm being hyperbolic... but I assure you I'm not. You know th...Read More
Newrange Gold reported it drilled 14.85 g/t Au over 9.15 meters including one segment which registered 34.11 g/t Au over 3.05 meters at its Pamlico project in Nevada. In a news release, Vancouver-based Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced drill results from the Merritt Zone at its Pamlico Project located near Hawthorne, Nevada.The firm stated that "hole P20-82 in the Merritt Zone...Read More
With this work, Westhaven Gold aims to better define structural trends at its Prospect Valley project. Westhaven Gold Corp. (WHN:TSX.V) began ground geophysics at its Prospect Valley gold property in British Columbia's Spences Bridge Gold Belt, it announced in a news release. A 244-line kilometer ground magnetic survey will be carried out by Scott Geophysics of Vancouver over the Bonanza target,...Read More
Ely Gold Royalties has agreed to purchase a 0.3% royalty for claims on the Trenton Canyon property in Nevada now being drilled by SSR Mining. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE), in a news release, announced that it has entered into an agreement to purchase a 0.3% net smelter returns (NSR) royalty, the Trenton Canyon Royalty, from a private unnamed individual. The firm advis...Read More
Granite Creek Copper has mobilized to begin the inaugural drill program at its Stu Project in the Yukon. In a news release, Granite Creek Copper Ltd. (GCX:TSX.V) announced updates regarding its current exploration and financing programs. Granite Creek Copper launched a fall drill program at its Stu copper-gold project in the Yukon. Plans call for 1,500 meters of diamond drilling to expand upon pr...Read More
Peter Epstein of Epstein Research discusses the results of a recent drill program by Aston Bay Holdings. Aston Bay Holdings Ltd. (BAY:TSX.V; ATBHF:OTCQB) announced results from its Phase 2 drill program (seven holes, 803 meters [803m]) at the Buckingham Gold property in central Virginia (USA). Phase 2 added to the 1,218m (10 holes) from Phase 1 in March.The new holes included one strong, very ne...Read More
Bob Moriarty of 321gold profiles a junior that is exploring a property it has optioned from Great Bear Resources. For investors in the resource sector this year has to seem similar to one of those sick, good-news, bad-news jokes. As a result of some world-class stupidity from governments around the globe shutting down the world economy in response to what appears to be little more than a bad flu...Read More
After nearly three weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already set up another breakout/rally attempt after breaching downward resistance (shown as the downward sloping CYAN line). This could be another huge opportunity for precious metals traders as the next move higher should prompt a rally above recent highs. That means a target pr...Read More