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
Jack ChanPosted Dec 1, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Our ratio is on SELL signal.The breakout point should provide support for the current correction.Indeed, the consolidation h...Read More
The London Metal Exchange three-month aluminium, copper and nickel prices extended their rallies on Tuesday December 1, setting new year-to-date highs in the final month of 2020 with a low dollar index continuing to provide tailwinds to the prices. Copper's three-month price rose for a sixth straight day on Tuesday at 5pm, up by 1.5% to $7,694.50 per tonne from Monday's closing price of $7,580 per...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") announced today it intends to complete a non-brokered private placement of units of the Company ("Units") at a price of $.055 per Unit, for anticipated aggregate gross proceeds to the Company of approximately $1,500,000 (the "Offering").John Abrams, CEO of Venzee states, "Venzee has established sales targets for...Read More
Vancouver, BC - KIN Communications ("KIN") is pleased to announce the addition of Josh Peligal to the team as Vice President, Investor Relations. Mr. Peligal will work closely with the company's CEO & President, Arlen Hansen, to broaden KIN's institutional and analyst reach, while implementing best practices and systems oversight to KIN's clients and continually improve on strategic outreach to th...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") is pleased to provide a corporate update to its shareholders.Fiscal 2020 has been a transformative year for Venzee. The Company pivoted from a high-cost SMB (small and medium business) sales model and shed associated overhead, resources, and costs. The Company embraced - and successfully validated - a partner-dr...Read More
Vancouver, BC - Ovation Science Inc. (CSE:OVAT) (OTC: OVATF) ("Ovation" or the "Company"), is pleased to report $180,994 in revenue in Q3 2020, a 129% increase in revenue over Q3 2019 and an 80% increase over Q2 2020. For the nine months ending September 30, 2020 the Company reported $613,157 in revenue; a 216% increase over the first nine months of 2019.The significant increase in revenue is pri...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's oldest Aboriginal heritage sites, a director of the International Council On Mining And Metals (ICMM) has said.According to Nicky Black, at least three key principles must be in place from the outset: robust management s...Read More
An overview of the chrome ore and alloy markets and their latest price moves.China The UG2 chrome ore price fell again after Tsingshan's lower December ferro-chrome tender price dampened market sentiment. Buyers made aggressive bids amid high port inventories and a bearish market outlook. Domestic spot ferro-chrome prices...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 1 that are worth another look.The mining industry must apply the correct cultural mindset to its operating principles in order to avoid any repeat of tragic events such as the destruction of one of Australia's...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Key ferro-alloy forecast highlights for the coming months:?EUR? A strong recovery in both bulk and noble alloys is expected in 2021 but the markets are unlikely to return to the levels seen before the outbreak of the Covid-19 pandemic. We have seen a quicker-than-expected recovery across various regions amid the economic fal...Read More
Ferrous scrap prices in the main Mexican domestic markets increased in the week ended Friday November 27, with some companies applying increases in order to secure supply amid low availability and steady demand.Early last week, at least one company in the region near the northern city of Monterrey applied price increases, and afterwards some scrap sellers were able to achieve higher deals with oth...Read More
Turkish steel producers have continued to hold back from further deep-sea scrap purchases because of increasing prices, sources said on Tuesday December 1.The mills booked at least 10 deep-sea cargoes last week, and have since stepped back from the deep-sea markets.But market participants still expected them to book more cargoes, thanks to good demand for finished steel and billet, and improving p...Read More
A number of Chinese dealers and business entities are taking over Japanese scrapyards, or setting up scrap businesses in Japan, to secure sufficient supply of the steelmaking raw material for steel mills in China, market sources told Fastmarkets this week."Their main aim is to secure ferrous scrap supply for Chinese buyers when [China's] import ban is lifted and ferrous scrap is allowed to be impo...Read More
Canada's Lundin Mining anticipates higher copper and zinc output over the next three years, with growth expected at its operations in Chile (Candelaria), Brazil (Chapada) and Portugal (Neves-Corvo) in particular. In its three-year production outlook, published on Monday November 30, Lundin's full-year 2021 copper production guidance was set at 275,000-299,000 tonnes, jumping to 281,000-305,00...Read More
Base metals prices on the London Metal Exchange were once again mainly stronger this morning, Tuesday December 1, helped by strong Chinese Caixin manufacturing purchasing managers' index (PMI) data, but Shanghai Futures Exchange prices were more polarized.Chinese Caixin manufacturing PMI climbed to 54.9 in November, up from 53.6 in OctoberJapan's manufacturing PMI climbed to 49 in November, up fro...Read More
Marvel Gold Limited (ASX: MVL) is a Mali-focused gold explorer, with advanced gold exploration projects and extensive landholdings in South and West Mali. Mali has been the third largest gold producer in Africa. The Company's main projects are the Tabakorole Gold Project, with a large existing resource and expansion potential, and the Lakanfla Gold Project, which is a major untested gold target, 6...Read More
Public companies that make their money from developing markets have had two good runs in my investing lifetime. From 2001 until 2008 - that is, from the dot-com crash to the housing bubble - they were on fire. Entire indexes were up 600%-700%. Then, after the 2009 crash when China started buying up the world's commodities, we had the "supercycle" bubble. If you remember, oil ran to $144 a barre...Read More
Spodumene producers have welcomed the Western Australia government's decision to temporarily grant royalty relief assistance for spodumene mines operating in the state as of Tuesday December 1.The government's relief scheme will be provided to Altura Mining, Galaxy Resources and Pilbara Minerals for up to 12 months or until the average realized price of spodumene concentrate is greater than or equ...Read More