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
Anglo Pacific is poised to transform into a battery materials company next year and will make a number of transactions to achieve this, its chief executive officer said.Julien Treger said that the company - which has a portfolio of royalties and metal streams in mainly coal, iron ore and uranium - plans to focus its attention on lithium and cobalt, key raw materials used in the production of batte...Read More
Splunk (SPLK), a NASDAQ 100 stock moved below $171.07 setting an intermediate downtrend.Natural Gas ETN (UNG) moved below $9.62 and $9.39 extending an intermediate downtrend.Nike (NKE), a Dow Jones Industrial Average stock moved above $136.35 to an all-time high extending an intermediate uptrend. Cameco (CCO), a TSX 60 stock moved above $13.39 completing a base building pattern. Pre-opening...Read More
Small and medium-sized steel mills in Bangladesh have been forced to re-enter the market for scrap at high prices, market participants said on Thursday December 3.The price paid for scrap imported to the South Asian country continued to mount over the last week with supply tightened on both rising international scrap demand and soaring ocean freight costs, Fastmarkets heard."Bangladeshi buyers hav...Read More
Iron ore prices rose again on Thursday December 3 amid further short-term supply shortage concerns due to the decrease in Vale's 2020 production guidance, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $137.08 per tonne, up $0.79 per tonne62% Fe low-alumina fines, cfr Qingdao: $136.98 per tonne, up $1.18 per tonne58% Fe fines high-grade premium, cfr Qingdao: $125.72 per tonne...Read More
Seaborne premium hard coking coal prices in both fob and cfr markets continued their uptrend on Thursday December 3, following an active trading day in the fob market the day before. Fastmarkets indices Premium hard coking coal, fob DBCT: $103.08 per tonne, up $0.75 per tonne Premium hard coking coal, cfr Jingtang: $168.78 per tonne, up $1.52 per tonne Hard coking coal, fob DBCT: $90.80 per tonne,...Read More
Prices for cargoes of steel scrap in Japan continued their upward march over the past week, with domestic steelmakers and export docks now fighting for material.Japanese steel scrap prices have been buoyed in recent weeks, with strong demand in Vietnam and South Korea adding to ever-tighter supply-side conditions.Fastmarkets' price assessment for steel scrap H2, export, fob main port Jap...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Genesis opens new chapter at UlyssesSPONSOREDgenesis mineralsDigbee talks the rebirth of independent investment researchSPONSOREDdigbee'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limited‘Aussie Mine 2020: Resourcing the recovery' canvasses the financial and operating performance of the 50...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Swiss miner-trader Glencore and Chinese battery materials producer GEM have extended their agreement for cobalt hydroxide supply by another five years. The extended deal means Glencore will supply GEM with about 150,000 tonnes of cobalt, contained in hydroxide, between 2020 and 2029. The two companies first signed a contract in October last year, under which Glencore would supply GEM and its subsi...Read More
Key data from Fastmarkets' pricing session in China on Wednesday December 2. Key driversPrices moved up after suppliers showed reluctance in selling cargoes below 1,100 yuan ($168) per kg.A firm crude indium market continued to lend support to refined indium prices.An evident rise in futures prices on the Wuxi Stainless...Read More
Global silico-manganese production grew by 3.1% month on month to around 1.54 million tonnes in October on higher output in all regions except Europe, the latest data from the International Manganese Institute (IMnI) shows. The October output, following consecutive month-on-month gains of 3.3% and 0.6% in September and August respectively, also registered a fall of 1.3% year on year, the IMnI data...Read More
World manganese ore output registered a month-on-month rise of 3.4% to around 1.97 million tonnes of manganese units in October, partly due to the evident increase in supply from such regions as Asia and Oceania, the Americas and Europe, the latest data from the International Manganese Institute (IMnI) shows.World ore supply in October, after month-on-month declines of 1% and 2.5% in September and...Read More
Sustainability consulting firm ERM says the mining industry needs to do more to prevent tailings dam disasters and notes that a further possible 19 incidents with tailings facilities could occur over the next decade.In a report released last month, ERM reviewed the dam failure incident reports of 11 major dam failures over the last 12 years and concluded that "basic organizational and human factor...Read More
Samarco is expected to resume activities this month, five years after the Fund??o dam tragedy.On November 5, 2015, the dam, owned by Samarco - controlled by Vale (NYSE: VALE) and BHP (NYSE: RIO; LSE: RIO) - burst, releasing 39.2 million cubic meters of tailings waste in the Rio Doce Basin, killing 19 people. At the time it was Brazil's biggest environmental disaster. Brazilian prosecutors said in...Read More
The most recent resource update from Quebec-focused junior QMX Gold (TSXV: QMX) includes meaningful resource growth across all categories and adds an initial underground resource at the 200-sq.-km Bonnefond property in the Val d'Or mining camp.Indicated resources (wholly in the open pit category) within the East zone of the Bonnefond deposit now stand at 7.4 million tonnes grading 1.67 grams gold...Read More
According to GlobalData's latest report, M&A deals in the U.S. metals and mining industry for the third quarter of 2020 totaled US$1.59 billion. The valuation is a decrease of 13% from the previous quarter, and also marks a drop of 10.9% in comparison to the last four-quarter average of US$1.79 billion.Globally, third quarter metals and mining industry M&A deal values totalled US$7.21 billion, of...Read More
Unigold (TSXV: UGD; US-OTC: UGDIF) has reported drill results from its exploration program at the Candelones Extension deposit, part of the company's 100% owned Neita Concession in the Dominican Republic, 220 km northwest of the capital Santo Domingo.The company has completed 31 drill holes totalling 9,470 metres of its planned 15,000 metre program. These include nine metallurgical holes totallin...Read More
A restart of exploration efforts is set to go ahead at the historic St. Anthony gold mine in the Kenora Patricia mining district of Ontario, according to Peter Wilson, president of Maxtech Ventures (CSE: MVT; US-OTC: MTEHF).When the underground mine shut down in 1944, St. Anthony was the largest producing gold mine in the area. By the time it closed, the mine had produced 63,310 ounces of gold at...Read More
The headlong rush for that gold is one of the ugliest market forces in the world.Read full newsRead More