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
Genesis opens new chapter at UlyssesSPONSOREDgenesis minerals'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningPantoro bullish on bigger production profileSPONSOREDpantoro limitedOceanaGold commits to net zero emissions by 2050SPONSOREDoceanagoldNova Resources, the buyout vehicle backed by KAZ chairman Oleg Novachuk and non-executive director Vladimir Kim, has...Read More
Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia have gone up over the past week because of globally strong demand, sources said on December 8.The UAE was on national holidays on December 1-3, so buyers had only recently returned to the market.But demand within the country was moderate because recent price increases had been too sharp for buyers to accept, and they wante...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The first hole at the Cacharposa target hit promising visual mineralisation back in October. Final assays have now been received, with the hole returning 899.3m at 0.53% copper equivalent (0.Read More
The export market for long steel products from the Commonwealth of Independent States (CIS) went up again during the week to Monday December 7 amid strong billet prices and higher offers, sources told Fastmarkets.Thus, Fastmarkets' weekly price assessment for steel wire rod (mesh quality), export, fob Black Sea, CIS was $600-620 per tonne on Monday, up by $20 per tonne from $580-600 per...Read More
The Turkish steel producers largely slowed down their deep-sea booking activity after the latest spike in the prices, sources said on Tuesday December 8.A steel mill in the Marmara region was heard booking a Baltic Sea cargo at $370 per tonne cfr for 14,000 tonnes of HMS 1&2 (80:20).But the supplier was not a traditional one and several market participants believed that the cargo would not be repr...Read More
The base metals remain upbeat this morning, Tuesday December 8, and the underlying story remains the same, infrastructure spending, economic recovery, a mass of liquidity and the potential for more US stimulus.Although there are some potential headwinds – political tensions between the United States and China, a no-deal Brexit and a correction in equity prices as harder lockdowns are forced o...Read More
There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars Jensen, chief executive officer of SeaIntelligence Consulting, said in an interview with Fastmarkets. "We are now seeing the consequences of carrier cancellations several months ago that led to a shortage of empty conta...Read More
Iron ore prices increased on Tuesday December 8 on support from bullish swaps prices, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $148.35 per tonne, up $1.42 per tonne62% Fe low-alumina fines, cfr Qingdao: $148.17 per tonne, up $1.17 per tonne58% Fe fines high-grade premium, cfr Qingdao: $135.01 per tonne, up $0.90 per tonne65% Fe Brazil-origin fines, cfr Qing...Read More
Seaborne coking coal prices across the board were flat day on day on Tuesday December 8 due to a lack of transactions, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $103.08 per tonne, up $0.01 per tonnePremium hard coking coal, cfr Jingtang: $169.52 per tonne, unchangedHard coking coal, fob DBCT: $92.68 per tonne, unchangedHard coking coal, cfr Jingtang: $154.11 per tonne, un...Read More
Home Depot (HD), a Dow Jones Industrial Average stock moved below $260.61 completing a Head & Shoulders pattern.Pre-opening Comments for Tuesday December 8thU.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade.Index futures were virtually unchanged following release of the second estimate for third quarter U.S. Non-farm Productivity at...Read More
The base metals remain upbeat this morning, Tuesday December 8, and the underlying story remains the same, infrastructure spending, economic recovery, a mass of liquidity and the potential for more US stimulus.Although there are some potential headwinds - political tensions between the United States and China, a no-deal Brexit and a correction in equity prices as harder lockdowns are forced on pop...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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
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...Read More
December 8, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce the initial drill results from its fall/winter exploration program on the Langis Mine Project located in the Cobalt Camp of Ontario. The Company has received assays for the first 17 holes totaling 1624m of NQ size core. Approximately 6,000m of the 20,000m planned fall/winter drilling campa...Read More
For Scotiabank senior economist Marc Desormeaux, forecasting what the 2021 global commodity markets will be like, especially for industrial metals, is heavily predicated on the ability of nations to respond to Covid-19 in the new year. Speaking to The Northern Miner, Desormeaux talked about the importance of dealing with the virus, while also discussing the impact a new administration in Washingto...Read More
This week's episode features Association for Mineral Exploration president and CEO Kendra Johnston and SGDS Hive CEO and AME board member Andy Randell. Kendra and Andy discuss the upcoming AME Roundup conference from Jan. 18-22, 2021, which will take place virtually and focus on diversity and inclusion.Kendra Johnston joined AME as president and CEO in June 2019 following several years of voluntee...Read More
Global diamond production this year fell by more than 20% to about 113 million carats due to planned production declines by the major producers and significant pandemic-related suspensions and curtailments across the industry, Paul Zimnisky, an independent diamond analyst and consultant told The Northern Miner.Zimnisky said that mines including Ekati, Aikhal, Verkhne-Munskoye, Williamson, Liqhobon...Read More
Noront Resources (TSXV: NOT) says it welcomes the investment in the company by Australian explorer and developer Wyloo Metals Pty Ltd."We are delighted that Wyloo Metals has chosen to acquire a cornerstone interest in Noront," said Noront president and CEO Alan Coutts.In a deal with Resource Capital Fund V and Resource Capital Annex Fund V, Wyloo will pick up 22.5% of Noront's outstanding shares,...Read More
Cassiar Gold has released the last of its drill results from its 2020 exploration campaign at its Cassiar gold project in northern B.C. The 24-hole program was designed to confirm the results of historical assays and expand near-surface resource at the Taurus deposit, including the higher-grade Sable zone."These are our best results from Taurus yet," said Cassiar CEO Marco Roque in a release. "Th...Read More
Producer Victoria Gold has released its first exploration results from the Lynx target, which lies along the Potato Hills trend within its flagship Dublin Gulch gold property, also host to the Eagle gold mine. according to the release, these results suggest that the Lynx target "has the potential to host a much larger and more robust mineralized system than previously recognized."The latest re...Read More