FRANKFURT/DUESSELDORF, Oct 22 - ArcelorMittal, the world's largest steelmaker, has declared force majeure for its Duisburg-Ruhrort site in Germany due to the Rhine river's low water levels, a spokesman for the group said in e-mailed comments on Monday."The currently low water level of the Rhine means that the company has adjusted production in Ruhrort to reflect lower pig iron supplies from Thysse...Read More
Migrants used wooden-handled hooks and shoes fitted with spikes to scale the dangerous razor-wired fence...Read full newsRead More
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.Read full newsRead More
Yet anotherRead full newsRead More
...complacency across all 'risk-off' assets had reached epidemic levels as equities broke out to new highs... Then the calendar rolled over to October and everything changed...Read full newsRead More
Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site.The Toronto-based miner said, set to release third-quarter production results to this...Read More
Canada's RNC Minerals (TSX: RNX), the company that last month unearthed more than 9,000 ounces of high-grade gold from a single blast at its Australian Beta Hunt mine, said Monday the first mobile diamond drill has arrived at site and underground drill crews have started the exploration program at the site.The Toronto-based miner said, set to release third-quarter production results to this...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Canada's Nutrien (TSX:NTR), the world's largest potash miner whose attempt to sell its 24 percent stake in Chilean lithium miner SQM to China's Tianqi has been hindered by a row about competitive risks, accused SQM's largest shareholder of blocking the deal for "personal benefit".In an interview with a Chilean newspaper El Mercurio (in Spanish), Nutrien's executive vice-president Michael W...Read More
Albemarle and SQM can't settle water disputes, and a sale might draw them closer.Read full newsRead More
South Africa's Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company.Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Cop...Read More
South Africa's Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company.Under the deal, Lonmin will repay most of the loan by delivering platinum and palladium over a three year period to a subsidiary of Jiangxi Cop...Read More
Glencore chief executive officer Ivan Glasenberg is said to be planning to retire from the commodities trader and miner in three to five years, and has even begun training a small group of front runners to take over the post.Glasenberg (62), whose strategic brilliance has made Glencore's - and his own - prodigious fortune, is coaching three to four people to succeed him in the job, Bloomberg repo...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK CIN retreated again last week, though it endured a much smaller hit than the week prior (falling 8.6 points vs 42.6 points). This slower rate of descent may provide bulls some hope their ride down this slippery slope is near its end. The Index closed at 1167.08 and has declined ov...Read More
"@GoldMarketPulse CRB index ----------very close to turning TREND up on the long term charts.Moving averages will turn up at end of this month.Then we'll need monthly close over 205 - if that occurs,could be significantbounce & perhaps more.Worth watching."Read full newsRead More
"Goldtrends posted this chart the morning after the very top in the S&P.Looks good so far.Odds favor there's more to go. https://t.co/rIW6n87rOS"Read full newsRead More
Gold has rallied sharply to be trading at well over the psychologically important US$1,200 a mark, although it is still down by 7% for the year to date. Surprisingly for many investors, gold's poor cousin silver has failed to keep pace having lost 15% for the same period. This has caused the gold-to-silver ratio, which measures how much silver is required to buy one ounce of gold, to widen signif...Read More
I have been tremendously bullish on the outlook for intermediate gold miner Kirkland Lake (TSX:KL)(NYSE:KL) for over year. Over the last month, despite gold's latest gyrations, the miner has soared by over 21% to be up by a whopping 70% for the last year compared to the market marking gold down by 7%. While Kirkland Lake has made some substantial gains, there are signs of further upside ahead. No...Read More
The shock of past downward projections belies the true value of established gold miner Guyana Goldfields' Aurora gold mine, says Investor's Digest of Canada junior mining stock columnist Mike Kachanovsky. He calls Guyana a bargain stock and says a rebound in this sector is long overdue.There is a lot of commentary circulating in the precious metals sector about where the final bottom may be found...Read More
It's important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value - in the case of larger-cap producing miners. Or their "optionality" value - in the case of junior mining companies with projects that have a good chance eventually of converting their deposits into mines. "Optionality" value is based on the idea that junior exploration companies with pr...Read More