Iamgold Corp. (TSX: IMG; NYSE: IAG) announces that the first assay results from its ongoing 2018 drilling program at the Nelligan joint venture project, in which Iamgold owns 51% and Vanstar Mining Resources Inc. 49%, showed more mineralization. The project is located 60 kilometers southwest of Chibougamau, Quebec, Canada. Iamgold reports results from 12 diamond holes totaling 4,471 meters, with r...Read More
Gold and other precious metals have continued to feel the weight of a strong dollar, with the U.S. economy continuing to outperform the world, says TD Securities. The most recent Commodity Futures Trading Commission data showed that money managers were again cutting long positions in gold and silver futures due to the muscular greenback and rising interest rates, TDS says. “With U.S. wages r...Read More
Mene Founder Roy Sebag with Creative Director Diana Widmaier-Picasso(Kitco News) - As Uber was to the transport industry and Airbnb was to hospitality, Roy Sebag the brainchild behind GoldMoney is taking aim at the jewelry sector and looking to disrupt Western views on gold. But being a disruptor in the jewelry and gold industry sometimes involves taking a step back to a time of once upon yonder -...Read More
The metals are setting up for a big move that could go either way, although we believe they will break out to the upside. The trading range is getting tighter and tighter, which only indicates a huge move is on the horizon. When markets start to compress and their trading ranges continue to narrow, all signs point to a big move. This is exactly the pattern that we have seen in the metals as the da...Read More
* Gold finds strong resistance at $1,200 -ANZ * Silver hits 2-1/2 year low * Palladium off multi-week highs hit on Monday (Updates prices, headline; adds comment, second byline, NEWYORK to dateline) By Renita D. Young and Maytaal Angel NEW YORK/LONDON, Sept 11 (Reuters) - Gold turned positive onTuesday as investors bought when it approached $1,200 per ounce.But bullion remained under pressure afte...Read More
The latest news and price moves to start the Asian day on Tuesday September 11.Aluminium prices on the London Metal Exchange were higher at the close of trading on Monday September 10, supported by continued uncertainty about supply flows, while US sanctions against Russian producer Rusal keep investors cautious. Read more here in our live futures report.Here are how prices looked at the clos...Read More
The latest news and price moves to start the Asian day on Tuesday September 11.Aluminium prices on the London Metal Exchange were higher at the close of trading on Monday September 10, supported by continued uncertainty about supply flows, while US sanctions against Russian producer Rusal keep investors cautious. Read more here in our live futures report.Here are how prices looked at the clos...Read More
The US Department of Commerce has revised two steps in the process of requesting exclusions from the Section 232 tariffs and quotas on steel and aluminium imports into the United States.These changes - which went into effect on Tuesday September 11 - make room for potential rebuttals and "surrebuttals" to Section 232 product exclusion requests."The department understands the importance o...Read More
A summary of base metals premiums from across the globe for the week to Tuesday September 11.Please click...Read More
The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday September 11, pressured by China's retaliatory pledge of approximately $7 billion of sanctions against the US amid an escalating trade rift.Falling 2.4% over the afternoon, three-month aluminium prices fell to an intraday low of $2,044 per tonne after making an approach back toward $2,100 pe...Read More
US tariffs on imports of certain minor metals from China will lead to higher prices in the short term, but market participants are looking further ahead, and players on both sides expect Chinese material to continue to find a home in the United States.Activity in minor metal markets around the world has slowed while participants await a decision from US President Donald Trump's administration as t...Read More
Manganese ores prices edged higher in the week ended Friday September 7 amid tighter availability of certain grades of ore and a stronger demand outlook due to expected alloy capacity increases in the current quarter. Ore prices edge higher on lower availability of 37% material Chinese silico-manganese price pulls back from eight-month highIndian silico-manganese prices edge higher European silic...Read More
Manganese ores prices edged higher in the week ended Friday September 7 amid tighter availability of certain grades of ore and a stronger demand outlook due to expected alloy capacity increases in the current quarter. Ore prices edge higher on lower availability of 37% material Chinese silico-manganese price pulls back from eight-month highIndian silico-manganese prices edge higher European silic...Read More
European ferro-vanadium and vanadium pentoxide prices surged to fresh 10-year and 13-year highs respectively amid thin supply availability and increased activity levels in the week ended Friday September 7, while the Chinese export market firmed despite limited buying interest. Chinese export prices bolstered by strength in domestic market European FeV prices surge to fresh 10 year-high amid retu...Read More
US tariffs on imports of certain minor metals from China will lead to higher prices in the short term, but market participants are looking further ahead, and players on both sides expect Chinese material to continue to find a home in the United States.Activity in minor metal markets around the world has slowed while participants await a decision from US President Donald Trump's administration as t...Read More
Despite the recovery in international cobalt prices, Chinese market participants are not confident of an immediate subsequent pick-up in Chinese cobalt sulfate prices due to persistent tight credit lines making it difficult for cobalt companies to access cash. Weak demand had been a key driver of plummeting Chinese cobalt prices in the past few months. Although many market participants indicated c...Read More
The Turkish steel producers have broken their silence in the deep-sea scrap markets with the news of fresh cargo sold on Tuesday September 11.Market participants were expecting mills to resist scrap purchasing so as to put downward pressure on prices, because demand for finished steel products was soft in the export markets.The fresh deep-sea deal indicated a $3 per tonne fall in prices compared w...Read More
Comex copper prices tumbled back into negative territory during the early Tuesday trading hours in the US, with a resurgent dollar and trade worries casting a shadow over the entire base metals complex....Read More
Three-month base metals prices on the London Metal Exchange were mostly stronger during morning trading on Tuesday September 11.Zinc and tin led the advance with rises of 0.6%, followed by gains of 0.4% and 0.2% in aluminium and copper respectively. Nickel was largely flat, while lead dropped by 0.4% to $2,010 per tonne. Still, the overall configuration of the LME base metals complex was positive,...Read More
Despite the recovery in international cobalt prices, Chinese market participants are not confident of an immediate subsequent pick-up in Chinese cobalt sulfate prices due to persistent tight credit lines making it difficult for cobalt companies to access cash. Weak demand had been a key driver of plummeting Chinese cobalt prices in the past few months. Although many market participants indicated c...Read More