The Hibernia oil platform in Canada was shut after a discharge of drilling and production fluids, the Hibernia Management and Development Co (HMDC) said late on Monday.Read full newsRead More
Emgold Mining Corporation is pleased to announce that it will conRead full newsRead More
Today, on INK Ultra Money we hear from Stanley Druckenmiller understudy Beeneet Kothari who specializes in global technology investments. He believes investors are investing like it is 2023 and dispassionately suggests we are in a multi-decade technology era. When asked to name a stock he likes, he serves up a contrarian idea which we suspect is not a Kyle Bass holding. Watch the premium intervie...Read More
KENORA - The Ontario government is providing $498,000 through the Northern Ontario Heritage Fund Corporation (NOHFC) to help increase tourism, boost economic development and create 13 new jobs in the Kenora-Rainy River region."As our province safely and gradually reopens, we are proud to work together with northern communities and businesses to drive economic growth and job creation in the far cor...Read More
(Kitco News) - Gold and silver prices are higher in early U.S. trading Tuesday.Read full newsRead More
(Kitco News) - Gold and silver prices are higher in early U.S. trading Tuesday.Read full newsRead More
(Updates with prices) By Zandi Shabalala LONDON, July 21 (Reuters) - Copper prices climbed oninvestor hopes for a recovery in metals demand and the globaleconomy after European Union leaders agreed a massive stimulusplan and positive news emerged about a coronavirus vaccinetrial. Three-month copper on the London Metal Exchange rose0.8% to $6,541 a tonne by 1617 GMT on Tuesday, close to the25-month...Read More
(Corrects attribution in 13th paragraph) * Silver hits more than four-year peak* Palladium reaches highest in nearly three months * Global shares gain on EU recovery fund and vaccine hopesBy Eileen SorengJuly 21 (Reuters) - Gold rose more than 1% to a nine-yearhigh on Tuesday, propelled by a softer dollar and expectationsof more stimulus measures to resuscitate pandemic-hit economies,while silver...Read More
Here are five Fastmarkets stories you might have missed on Monday July 20 that are worth another look.Steel products output in Ukraine reduced by 4.6% year on year in January-June 2020 to 9.03 million tonnes, according to a report published by national steel union Ukrmetallurgprom on Thursday July 16.Brazilian copper and brass products manufacturer Termomecanica is set to take its internationaliza...Read More
The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Monday July 20, with the metal topping gains over the afternoon despite thin turnover, while a steady uptick in copper futures saw the price push higher over the afternoon.Lead's outright price on the LME closed at $1,840.50 per tonne on Monday afternoon, climbing from an intraday low o...Read More
Japan's Sumitomo Corp has suffered impairment losses of 55 billion yen ($513,705,000) from its investment in Madagascar's Ambatovy nickel and cobalt mine in its first financial quarter of 2020, the company said on Monday July 20.The conglomerate, which owns a majority 47.7% stake in the asset, now values Ambatovy at less than its carrying cost, and has subsequently written off a signific...Read More
Jack ChanPosted Jul 20, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders.COT data on gold is supportive for overall higher prices.Data is also supportive for overall higher silver prices.Our ratio...Read More
Pan American Silver has suspended operations at its Huaron and Moracocha mines in Peru after several workers tested positive for Covid-19 there, the company said on July 20."Reduced workforces will conduct care and maintenance activities at Huaron and Morococha until it is determined that normal operations can safely resume," it said.The mines, which produce...Read More
Chinese-Australian miner MMG has issued a profit warning for the first half of this year due to the impact of the Covid-19 epidemic, the company said on Monday July 20.The copper and zinc miner expects a net loss of US$158 million for the first six months of 2020, compared to a net loss of US$81 million over the same period last year, a regulatory filing to Hong Kong bourse...Read More
The latest data for the global manganese ore market for the week ended July 20, 2020.Read More
Here are five Fastmarkets stories you might have missed on Monday July 20 that are worth another look.Steel products output in Ukraine reduced by 4.6% year on year in January-June 2020 to 9.03 million tonnes, according to a report published by national steel union Ukrmetallurgprom on Thursday July 16.Brazilian copper and brass products manufacturer Termomecanica is set to take its internationaliza...Read More
The cobalt standard grade, in-whs Rotterdam 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 it...Read More
Markets were mixed across the board this morning, Monday July 20, with traders focused on the prospects for a recovery fund from the European Union, while the weak Japanese export data highlights the economic damage that Covid-19 has dealt.Japan's exports dropped by 26.2% year on year in June......auto exports to the United States were particularly hard hit.Base metals Three-month base metals pric...Read More
Cobalt metal is trading at the time of publication in mid-July at prices around an 11-month low since breaking through a price floor just above $15 per lb that had been set in December 2019.The Covid-19 pandemic has badly affected global industry including the production of cobalt-containing products, and has clouded the outlook for future consumption, outweighing the effects of the supply disrupt...Read More
The cobalt standard grade, in-whs Rotterdam 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 it...Read More