Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Philip Blenkinsop, Noah BarkinBRUSSELS (Reuters) - The European Union’s trade tsar has no idea what Donald Trump will tell his audience at the World Economic Forum in Davos next week, but she is clear what the EU’s message to the U.S. president will be.America is shooting itself in the foot by withdrawing from global leadership on trade, Cecilia Malmstrom, the 49-year-old Swede who has...Read More
The increases in demand for lithium battery compounds since the end of 2015 have caused a structural change in the global lithium market, making it necessary to have new reference prices with increased granularity. Industrial Minerals has therefore launched new spot price assessments for lithium carbonate and hydroxide monohydrate to keep track of the growing price volatility within the Chinese sp...Read More
Mirasol Resources (MRZ.V), a prospect generator focusing on South America, has announced it has entered into a joint venture agreement with Newcrest Mining (ASX:NCM) on the Altazor project in Northern Chile.As part of the deal, Newcrest will be able to earn up to a stake of 80% in the property depending on the completion of four different stages of project expenditures and cash payments, which see...Read More
- London homeowners cut property prices by another 1.4% in January- Average price for a London house dropped by ?22,000 to ?600,926 in 2017- Takes 78 days to sell a home on average, the highest level since 2012- London's downtrend continues after 2017 performance as worst UK housing market- UK regional house prices begin to falter as house prices climb slows down- Gold bullion remains a great h...Read More
David LjunggrenVANCOUVER (Reuters) - Foreign ministers from around 20 nations gather on Tuesday to discuss how to curb North Korea’s nuclear ambitions through diplomatic and financial pressure, but China, seen as a key player in any long-term solution, will be absent.The Vancouver meeting, co-hosted by Canada and the United States, comes amid signs that tensions on the peninsula have eased,...Read More
Southern Silver Exploration (SSV.V) has now published its long-awaited resource update and as we expected, the Cerro Las Minitas project now contains in excess of 200 million ounces silver-equivalent with 116 million ounces in the indicated category and almost 93 million ounces in the inferred resource category.The average grade of the resource is pretty decent at 356 g/t silver-equivalent in the...Read More
The increases in demand for lithium battery compounds since the end of 2015 have caused a structural change in the global lithium market, making it necessary to have new reference prices with increased granularity. Industrial Minerals has therefore launched new spot price assessments for lithium carbonate and hydroxide monohydrate to keep track of the growing price volatility within the Chinese sp...Read More
LAGOS, Jan 15 (Reuters) - Nigeria's central bank said on Monday that it had injected $210 million into the interbank foreign exchange market as part of its attempt to boost liquidity and alleviate dollar shortages.The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses, and $55 million for certain dollar expenses such as school...Read More
Chrome ore and ferro-chrome prices in China strengthened over the past week as alloy production costs rose and smelters prepared for cutbacks. Ore and alloy prices propel each other in ChinaFurther price strength predicted amid production cuts, rising costsPrices edge higher in South KoreaAlloy prices stir in EuropeUS market steady with suppliers maintaining high offers Metal Bulletin's UG2 chrome...Read More
Diamond drilling at the Mirado Gold Project near Kirkland Lake, northeastern Ontario. Source: Orefinders Resources Inc.Orefinders Resources Inc. [ORX-TSXV, OTC-ORFD] on Monday released a positive preliminary economic assessment (PEA) for a proposed open pit operation at its Mirado Gold Mine near Kirkland Lake, Ontario.Orefinders shares rallied on the news, rising 15.4% or $0.02 to 15 cents in morn...Read More
Shares of LGC Capital Ltd. (TSXV:LG) have soared nearly fourfold following the Company's entry into the cannabis businessSmallCapPower | January 15, 2018: LGC Capital Ltd. (TSXV:LG) announced recently that it has formally launched a new joint venture company called CLV Frontier Brands Pty Ltd (CLV) to enter cannabis and hemp-derived beverages markets, pursuant to the November 2017 binding letter o...Read More
Spot cobalt prices continued to rise last week as demand strengthened following the Christmas and New Year break, overpowering the temptation for profit-taking after a rallying end to 2017. Low-grade cobalt prices posted the more significant increase over the course of week, buoyed by concerns that delays to a restart at the Ambatovy joint venture in Madagascar could further intensify tightness fo...Read More
The Chinese indium market jumped by 10.2% on Wednesday January 10, according to Metal Bulletin's weekly assessment, after exchanges prices soared. Chinese domestic indium prices were assessed at 1,650-1,800 yuan ($254-277) per kg on Wednesday, up from 1,550-1,580 yuan per kg previously. The price jump was attributed to increased purchases from investors on the Wuxi Stainless Steel Exchange fo...Read More
KHARTOUM, Jan 15 (Reuters) - The Sudanese pound weakened on the black market on Monday amid a foreign currency shortage that has crippled the economy as Khartoum pursues reforms aimed at boosting growth. The pound traded at 34 to the U.S. dollar on Monday, down from about 30 last week, traders said. Sudan devalued its currency to 18 pounds per U.S. dollar from 6.7 previously earlier this month, ho...Read More
Economists bump up 2018 outlook for euro-area; oil edges upChina's yuan touches 2-year high; Mexican peso leads EM rallyJohn Normand, head of cross-asset fundamental strategy at JPMorgan Chase, sees the euro at $1.24 by the end of 2018.Despite a U.S. holiday, the dollar dominated trading on Monday as it headed for a fourth day of declines, weakening against every major currency. The euro’s...Read More
The Turkish deep-sea scrap market remained silent on Monday January 15 because of limited supplies and poor demand from the Turkish steel mills.The mills have booked a number of deep-sea cargoes for February, but were still expected to book more for the month.However, the supply of material, especially from the United...Read More
LONDON, Jan 15 (Reuters) - The euro briefly extended gains and German benchmark bond yields hit the day's high after European Central Bank rate-setter Ardo Hansson said the central bank could end its bond purchase scheme in one go after September if the economy and inflation develop as expected.Minutes of the ECB's December meeting published on Thursday suggested growing appetite for revising the...Read More
Zinc at decade-high, palladium hits record as greenback dropsIMF's David Lipton says there's 'faster growth in all regions'BlackRock's Hambro Sees Commodities Bull Run in 2018Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar, dwindling inventories and continued robust outlook for demand. Palladium rallied to a...Read More
* Speculators raise net longs in COMEX gold in week to Jan. 9.* Palladium hits new record high(Updates throughout, adds LONDON dateline)By Zandi ShabalalaLONDON, Jan 15 (Reuters) - Gold prices hit a four-month peak on Monday as the U.S. dollar index slumped to its lowest in three years but analysts warned the greenback's decline could be short-lived as it was not driven by fundamentals.Spot gold w...Read More
Turkish domestic scrap prices have continued to increase in line with rising imported scrap values, sources said on Monday January 15.A number of steel mills in the country have raised their buy prices for auto bundle scrap by TRY10-35 per tonne over the past week.Alloy long steel producer Asil ??elik raised its buy price for the...Read More