Key data from the pricing session in London on Friday September 18. Key drivers Sellers were reluctant to offer below $175 per kg and some deals were achieved at the top of end of the new range, pushing the assessment to its highest in 18 months. Chinese price rises had driven the European assessment up since early September, but domestic Chinese suppliers reduced their offer pric...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 transparency into the markets it covers and the pricing process...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 transparency into the markets it covers and the...Read More
Cobalt hydroxide prices and payables continued to firm last week as suppliers successfully held out for higher numbers amid optimism derived from China's State Reserve Bureau (SRB) stockpiling drive, and interest from consumers and the trade to restock.Fastmarkets' cobalt hydroxide index, 30% min Co, cif China was calculated at $11.94 per lb on Friday September 18, up 0.7% from $11.86 per lb on Se...Read More
Key data from the pricing session in the Shanghai on Friday September 18.Key drivers China's bismuth market weakens amid low buying interest; more participants have withdrawn from the market and are choosing to wait and see how prices will perform, while only demand from downstream industries remains stable. Producers continue to hold...Read More
Seaborne prices for both low- and high-grade manganese ore in China edged down in the week to Friday September 18 due to weakening sentiment caused by falling portside ore and futures alloy prices. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.29 per dry metric tonne unit (dmtu) on September 18, down by 3 cents, or 0.7%, from $4.32 per dmtu a week ago. The corresponding ma...Read More
Portside prices for both low and high grades of manganese ore in China ticked downward in the week ended Friday September 18 after some ore traders lowered their offer prices to attract sales when the number of inquiries from domestic alloy smelters failed to meet expectations, market sources have told Fastmarkets.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China...Read More
Fastmarkets proposes to discontinue the publication of its trade logs for two Chinese fob vanadium price assessments. The proposal has been put forward based on the fact that the spot liquidity in China's vanadium export market has reduced after exporters have turned away from the overseas market due to higher domestic prices. The publication of the following two trade logs will cease from October...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in China.Note: European vanadium assessments are now published in a separate trade log. To view the latest price assessments, follow the links below: - Ferro-vanadium 78% V min, fob China, $/kg V - Vanadium pentoxide 98% V2O5 min, fob China, $/lb V2O5 Thursday September 17 Ferro-vanadium -...Read More
The Northern Miner and Canadian Mining Journal conducted a reader survey to gauge how the sector is faring through the Covid-19 pandemic, which began officially in March. The survey was open in July and August, with 384 people from the sector taking time to respond to a combination of multiple-choice and open-ended questions. Respondents represented principally mining and exploration companies, su...Read More
In late 2019, I’d discussed the possibility that the spot price of gold could rise above $2,000 per ounce. Indeed, the yellow metal managed to reach this incredible milestone this past summer. The historical crisis, spurred by the COVID-19 pandemic, played a key role in its rise. However, momentum has since tapered off, and it is now hovering around the $1,900/ounce mark. Today, I want to di...Read More
In the last few years, both gold and TSX gold stocks have been on a major rally. The metal has gotten a lot of attention this year since the start of the coronavirus pandemic. However, the massive rally actually started back in 2019.The precious metal already had good momentum coming into 2020. And then on top of that, it’s been one of the industries that have seen a positive effect due...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 22, 2020 As gold rallied into the $2000 round number resistance area, I asked investors to prepare for a pullback to my key buy zone at $1788. Please click here now.Double-click to enlarge this daily gold chart.The pullback has been quite orderly. There is modest support at $1875 and...Read More
It's the 182nd day of the COVID lockdown. My wife has bought everything Wayfair has to sell and we are doing even more projects.My first project was to restore a 1968 Folbot sailing kayak, which I wrote about in Energy and Capital back in March. It is looking Bristol, as the old salts say. This week we've been redoing the floor in the basement of our Maryland house, replacing some weathered c...Read More
Peter Epstein of Epstein Research examines the latest news from X-Terra Resources, including two imminent drill programs he believes "could be game-changers." X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) has been flying under the radar, but critical events culminating in two imminent drill programs are coming to fruition. Add to that the fact that the current gold price is like roc...Read More
Peter Krauth discusses what he believes is ahead for the dollar and gold. After taking it on the chin for the last six months, the U.S. dollar now looks set to rally.Gold is being dented, having recently traded back below $1,900.Meanwhile, the dollar is already up nearly 1.5% since the start of September. That's a big deal for the world's reserve currency.But if you consider what's happened to th...Read More
Gold has been consolidatinghigh since early August, when it rocketed parabolic on colossal gold-ETFdemand. That 6-week-old sideways drift hasworked off some greed and overboughtness, but plenty still remains. So gold isn’t out of the woods yet for thisessential sentiment-rebalancing selloff. With residual overboughtness still extreme, gold faces considerabledownside risk hea...Read More
Dumb money will be unable to recognize or accept that the trend has changed...by Gary Savage via Smart Money TrackerDumb money will be unable to recognize or accept that the trend has changed...Read More
RAPAPORT... Miners have seen "encouraging" signs of recovery in the diamond market as they resume rough sales following an extended period of weak demand.Mountain Province garnered $8.9 million from the sale of 210,661 carats from its Gahcho Ku?(C) mine in Canada, at an average price of $42 per carat, at its first tender since the onset of Covid-19. The average price at the sale, which did no...Read More
RAPAPORT... The International Gemological Institute (IGI) will introduce new grading reports that are more durable and easier to read, and have additional layers of security to protect against counterfeiting.The new certificates, which the lab will debut in October, will include the IGI seal, as well as Certieye, a tamper-evident security label, the institute said Monday. The reports will also be...Read More