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
Domestic transaction prices for hot-rolled coil increased substantially across Europe in the week to Wednesday December 23 due to a shortage of material in the market, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?665.00 ($811.65) per tonne on Wednesday December 23, unchanged day on day.The index was, however, up by ?,?19...Read More
Zimbabwe continues to lose money from its gold mine through illicit trade and government monopoly.Read full newsRead More
2020 was an interesting year for all of us but thanks to you, it has been a phenomenal one at INN. Thank you for liking, subscribing, and tuning in. See you ...Read full newsRead More
Buying and holding cannabis stocks is still a relatively new idea. These types of stocks have generated more hype as momentum names to trade in the short term. But several cannabis producers are shaping up to be long-term buys. From eventual market dominance to merger potential, let’s explore the froth for hints of quality. Plus, gold stocks are teetering on the value-growth divide, but whic...Read More
The Bitcoin rally in 2020 looks a lot like a repeat of what happened in 2017. Whether or not a Bitcoin crash is on the way in 2021 is anyone’s guess, but investors might want to search for cheap stocks to buy now instead of chasing the cryptocurrency euphoria.Should Barrick Gold stock be on your buy list instead of Bitcoin?Gold stocks fell when Bitcoin surged to record highs in 2017. The sam...Read More
The vaccine euphoria and better-than-expected October gross domestic product (GDP) numbers continue to support the Canadian equity markets. The S&P/TSX Composite Index is trading just around 2% lower from its all-time high. However, the unemployment rate remained high at 8.5% in November. Also, the rising COVID-19 cases could be a headwind for the markets going forward. So, you can add the fol...Read More
This month saw a watershed moment in the cannabis industry. The House of Representatives approved the MORE Act, a bill that would end the federal prohibition of cannabis.The bill officially passed by a vote of 228-164.It's the first significant congressional action on marijuana since the passage of the Marihuana Tax Act of 1937, which federally criminalized all aspect of cannabis production, sale,...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal...Read More
The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal transition period ends, easing metals and minerals market participants' fears of logistics paralysis and material shortages. Following four years of slow negotiations after the 2016 Brexit referendu...Read More
Copper production at Las Bambas, one of Peru's largest mines, may need to be cut from this week if a road blockade continues to prevent concentrates reaching Matarani port, parent company MMG said on Thursday December 24.Some supply contracts are already subject to force majeure, including road and rail transportation services, MMG said. Despite being in place intermittently through...Read More
Adam HamiltonArchives Dec 24, 2020 Silver soared last summer on skyrocketing demand from stock traders stampeding into silver-ETF shares. These huge positions that sure looked speculative initially have largely stayed deployed since, even riding out a silver correction. That implies these holdings are now being viewed as long-term investments. The silver investors' resoluteness is very bullish for...Read More
Copper production at Las Bambas, one of Peru's largest mines, may need to be cut from this week if a road blockade continues to prevent concentrates reaching Matarani port, parent company MMG said on Thursday December 24.Some supply contracts are already subject to force majeure, including road and rail transportation services, MMG said. Despite being in place intermittently through...Read More
Keith WeinerPosted Dec 24, 2020There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction, production, manufacturing, mining, farming, trade, marketing, distribution, sales, and contract.Force is when someone picks up a gun. The gun is used to override the reason of the victim with the whims...Read More
Spot market copper concentrate treatment and refining charges (TC/RCs) rose by around 5% in the week ending Thursday December 24 with smelters better supplied for the first quarter. The index is now at the highest since July 3. Deals to smelters continued in the high $40s and low $50s for clean qualities, just below the quarterly purchase...Read More
China's Copper Smelters Purchase Team (CSPT) has set its first-quarter copper concentrate treatment and refining charge (TC/RC) buying floor at $53 per tonne / 5.3 cents per lb, down from $58 / 5.8 cents for the fourth quarter, sources told Fastmarkets. This comes after annual benchmark TC/RCs, fees paid to smelters for processing concentrates into metal, for 2021 dropped 4% to $59.50 per tonne /...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal...Read More
The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal transition period ends, easing metals and minerals market participants' fears of logistics paralysis and material shortages. Following four years of slow negotiations after the 2016 Brexit referendu...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 24 that are worth another look.The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal...Read More
The British light iron market was steady over the week to Wednesday December 23 as trading activity slowed ahead of the Christmas and New Year holidays, with many traders already off work, trade sources told Fastmarkets.Still, with European export markets into key destinations such as Turkey climbing since Friday December 18, it seems likely that UK steel scrap prices will extend their price gains...Read More
The price of shredded steel scrap imported jumped over the week to Thursday December 24 due to the uptrend in the international market, sources told Fastmarkets. India Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $461.63 per tonne on Thursday, up by $32.80 per tonne week on week from $428.83 per tonne one week earlier. One deal was heard this week...Read More