London-listed Pembridge Resources will purchase Capstone Mining's Minto copper mine in a deal that could total $20 million based on future price performance, but does not guarantee any money will change hands at current levels.Pembridge will pay Capstone $5 million once Minto has reached 60% mill capacity, another $5 million when that capacity is reached and the copper price has averaged over $3 p...Read More

Markets remain nervous about the trade wars and the impact these are having on global economic growth with recent manufacturing purchasing managers' index (PMI) data showing a combination of manufacturing contraction, stable but low growth, or slowing growth.Equites continue to show weakness while gold and the Japanese yen attract haven demandLow treasury yields and US President Donald Trump's age...Read More

Copper outperformed its peers on the Shanghai Futures Exchange with an uptick of 0.4% during morning trading on Tuesday June 4, with a sharp fall in the dollar overnight providing support to the red metal. But lingering concerns over global trade disputes, that continue to weigh on overall market sentiment, are capping any meaningful gains in copper prices and are keeping the rest of the complex u...Read More

European steelmakers have called on the region's policy-makers to take immediate action to strengthen the safeguard measures for the steel industry, with effect from July 1.The call was made in an open letter signed by the chief executive officers of 45 EU steel companies, and was dated Monday June 3."Europe's steel industry is in crisis because of external factors, yet as a strategic sector it un...Read More

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil declined in the week to Tuesday June 4 after some traders entered into short-selling positions amid bearish sentiment in the flat steel market, market sources said. However, buyers refrained from making any bookings on expectations of further price declines, market sources said. Cold rolled coil Fastmarkets MB's weekly...Read More

China's domestic hot-rolled coil prices continued to weaken on Tuesday June 4, which led exporters to lower their offers as well.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($562-563) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,800-3,820 yuan per tonne, down 30 yuan per tonnePrices continued to drop with thin trading reported in eastern China. Mills kept their offers sta...Read More

China's rebar prices fell further on Tuesday June 4 in both the domestic and export markets amid attempts by sellers to secure orders.Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($565-572) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,820-3,870 yuan per tonne, down 30 yuan per tonneStockists are mostly pessimistic about demand in the spot market over the next month or two...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic,...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62%...Read More

Seaborne coking coal spot prices continued to trend downward on Tuesday June 4 amid deteriorating sentiment in the market.Offers in the cfr China segment were mostly unrevised, however, according to various sources."We are still waiting for interested buyers or indicative bids. If there is no interest from end users, it would be pointless to lower our offers," a Chinese trading source said.A secon...Read More

With The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., in May, attendees were treated to contrasting visions for the gold mining industry put forward by three gold mining leaders.Mark Bristow, president and CEO of Barrick Gold, said his company focuses on the quality of its orebodies, stating: "The principle of any mining is: your revenue is in your orebody. If y...Read More

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Hi there, Fools. I’m back to call your attention to three stocks trading near their 52-week highs. Why? Because after a given stock rallies over a short period of time, one of two things usually happens:the stock continues to climb as momentum traders pile on; orthe stock quickly pulls back as value-oriented investors look to lock in gains.Holding for the long run is still the best way to bu...Read More

Gold was trading close to US$1,326 an ounce earlier, its highest point since late February.Meanwhile, China has issued a travel advisory on the US and is closely studying proposals to establish rare earth export controls, Bloomberg reported.Late yesterday, the US Commerce Department outlined a strategy to secure supply of critical minerals, including improving the government's understanding of dom...Read More

A modified version of an early 20th century theory of money has captured strong support from progressive economists and politicians, as well as gaining several enemies along the way.It's called Modern Monetary Theory (MMT).MMT means a lot of different things right now to a lot of different people. But at the core of MMT is a simple observation:Currencies are government monopolies.The U.S. dollar,...Read More

By: Richard (Rick) Mills Gold was riding high Monday on bad news regarding the US economy, causing stocks to fall and Wall Street traders to pile into bullion. US markets were choppy on the first trading day after June 1, when the United States increased the tariff on $200 billion of Chinese imports from 10% to 25%. Shares of the so-called 'FAANG' stocks slumped, pulling the S&P 500 and the D...Read More

COLORADO SPRINGS, Colo., June 05, 2019 (GLOBE NEWSWIRE) -- Gold Resource Corporation (NYSE American: GORO) (the "Company") today announced the expansion of Isabella Pearl Mine mineralization with intercepts within and outside the current open pit deposit boundary. Drill intercepts outside the pit boundary include 22.86 meters of 1.03 grams per tonne (g/t) gold, including 4.57 meters of 2.02 g/t...Read More

By: Avi GilburtFirst, I want to begin this article by thanking all those who read my articles for the amazing outpouring of support and prayers for my wife who is recovering from a freak accident. So, with her sleeping right now, I thought I would pen another article to at least keep myself somewhat busy.Over the years, I have published many price trend change expectations which have hit quite w...Read More