If global financial markets had been operating under a pervading sense of uncertainty due to the impact of the novel coronavirus (2019-nCoV), they now appear to be veering on panic.Oil prices have suffered their biggest one-day collapse since the 1991 Gulf War following Saudi Arabia's declaration of a price war on Russia through a shock move to hike oil production. S&P Dow Jones Indices was forced...Read More
The novel coronavirus (2019-nCoV) is set to accelerate what the trade wars started: the diversification of global supply chains. Both events have demonstrated just how interconnected the global economy is and have provided a wake-up call to businesses worldwide that it might be time to reduce their reliance on China as the workshop of the world. Of course, that's easier said than done. China is th...Read More
The new issue of Aluminium Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers key insights and forecasts into aluminium markets around the world.Aluminium price down 2.3% week-on-week amid stock market sell-offGlobal markets remain rattled by the spread of the novel coronavirus (2019-nCOV) across Europe and the United States. Panic-sellin...Read More
The new issue of the Seamless OCTG & Linepipe Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers analysis of seamless OCTG and linepipe across international markets:Covid-19 underscores pipe outlookUnsurprisingly, the concern in the seamless pipe markets across the regions is the effect of the spread of Covid-19 on public health and econo...Read More
The new issue of the Steel Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers key insights and forecasts into the long and flat products markets.This week's risks to our latest flat-rolled forecasts:The Chinese government is stepping up help to the economy, increasing banks' liquidity. But the spread of the coronavirus worldwide is likely...Read More
Aqu?- con guitarra en mano (y el piano a la vuelta), acompa??enme a cantar unas cuantas canciones, desde la gran cuarentena del 2020#WithMe #TommyTorres #EnCasaRead More
Thank you for listening, I hope you will have a good time here :)??? 1/4 Listen to the playlist on Spotify, Apple music and more?+' https://bit.ly/chilledcow-playlists??'o Check out the ChilledCow merch?+' https://bit.ly/chilledcow-merch??OE? Follow ChilledCow everywhere?+' https://bit.ly/chilledcow-instagram?+' https://bit.ly/chilledcow-facebook?+' https://bit.ly/chilledcow-twitter???? Subscribe...Read More
The gold price surged on Monday after the US Federal Reserve promised to pump "unlimited" amounts of money into the financial system, boosting the metal's status as a store of wealth and an inflation hedge.On the Comex market in New York, gold for delivery in April, the most active contract, closed just off its day high at $1,567.60, up $83.00 an ounce, or 5.6% compared to Friday's close. Monday w...Read More
Image from BHP. Hatch, Anglo American, BHP, and Fortescue have formed a Green Hydrogen consortium as part of a move to evaluate using green hydrogen to decarbonize their operations.The consortium will aim to eliminate obstacles around the adoption of green hydrogen technologies and encourage their innovative application.Its goal is to identify green hydrogen development opportunities for the...Read More
Winter drilling at Colomac, NWT. Image from Nighthawk Gold. With the release of ten outstanding holes from the 2019 exploration program at its Indin Lake property in the Northwest Territories in Canada, Nighthawk Gold has expanded the under-explored central portion of the Colomac Main sill at depth. The holes targeted zones 2.5 and 2.0 at the 899-sq.-km project.Highlights include 36.1 metres of...Read More
Sandvik Rhino 100 The arrival of the Rhino 100 mobile raise borer has proved a game changer for Perth-based underground contractor Raising Australia, part of the Byrnecut Group.Since introducing its first Rhino in 2017, Raining has been able to slash slot-raise production times, improve productivity for its customers, and increase revenue, the company said. Traditional raise boring machines used...Read More
Kakula mine, the first of at least three copper mines planned at Kamoa-Kakula in DRC. (Image courtesy of Ivanhoe Mines.) The Democratic Republic of Congo has imposed a 48-hour lockdown in Haut-Katanga, a key copper-cobalt-producing province after two people tested positive for the coronavirus on a flight from the national capital Kinshasa to Lubumbashi, the provincial capital. The measure, effe...Read More
Freeport-McMoRan said Monday as part of its response to Covid-19, its board had resolved to suspend the quarterly cash dividend of US5c per share previously planned for May 1.Read More
The Brazil-based miner had warned of a possible 800,000 tonne impact on sales this quarter if it had to close the distribution centre due to restrictions designed to halt the spread of the coronavirus.TRMT had handled 23.7 million tonnes of iron ore shipped in 2019."Vale is in communication with the government and working on a contingency plan to keep the terminal operating, while safeguarding its...Read More
Share this articleMONTREAL - A $1-billion deal to combine two Quebec companies with West African gold mining operations was met with sharply divergent reactions from their shareholders on Monday.Stock in Montreal-based Endeavour Mining Corp. fell by as much as $4.15 or 19.2 per cent to $17.50 on the Toronto Stock Exchange after it announced the deal to acquire Semafo Inc.In contrast, Montreal-base...Read More
Today is Monday, March 23, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,556.80. It's up 4.42% from yesterday and up 18.56...Read More
Today is Monday, March 23, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Select Energy Services (NYSE: WTTR), Berry Corporation (NASDAQ: BRY), and Equitrans Midstream Corporation (NYSE: ETRN).Select Energy Services (NYSE: WTTR)Select Energy Services (NYSE: WTTR) is a $258.2 million company today with a one-year return of -75.37%. Let's look at its pri...Read More
A drop in the price of gold and silver - besides fears of a recession and an economic downturn amid the coronavirus outbreak - has created a demand spike for the metals so large that bullion dealers around the world are selling out!Spot gold closed yesterday at $1,496 per ounce, a 9% decline over the last 30 days. Meanwhile, spot silver closed yesterday at $12.57 an ounce, down 32% over the past m...Read More
Keith Weiner, Monetary MetalsThe price of gold dropped $31, and that of silver fell even more by proportion, $2.14. The gold-silver ratio hit a hit of over 126 before closing the week around 119. This exceeds the high in the ratio last hit in the George H.W. Bush recession.Last week, we were warming up to silver, if not recommending it. We said:"While we would not recommend betting on silver wit...Read More
Strengths? The best performing metal this week was gold, down just 2.04 percent. BullionStar, a bullion dealer in Singapore, has seen a record number of orders, order revenue and number of visitors to its center over the past month, according to a post on its website and as reported by Bloomberg. "We have managed to replenish a bit of gold on Saturday but it's very difficult to...Read More