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
The equity markets continue to trade near record highs in 2021, despite uncertainties prevailing across the globe. A few financial experts have warned investors of a market crash this year, given the steep valuations of companies on the TSX as well as the S&P 500.Investors are optimistic after a Joe Biden win as well as the rollout of effective vaccines. However, the slowing GDP rates, lower c...Read More
Warren Buffett and his firm Berkshire Hathaway have a growing cash problem. While Berkshire has been repurchasing a considerable amount of its own shares of late, the fact remains that Berkshire’s mountain of cash is capable of scooping up an elephant. Berkshire shareholders hope that the cash hoard can be used on a needle-moving acquisition at some point soon.However, with stock market valu...Read More
Way back in September, I sent a somewhat dire warning out to Wealth Warrior (now Wall Street's Proving Ground) subscribers.In short, I said we were "headed for a civil war." You see, this was immediately following the first presidential debate, in which Donald Trump told his white supremacist followers to "stand by.""Stand by for what?" I asked.Then to answer my own question: "The conflict that a...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More
The London Metal Exchange three-month nickel price rallied over 3% in the second half of the day on Thursday January 14 on building expectations for President-elect Joe Biden to announce a $1.5 trillion deal stimulus package for the United States. The nickel price rose to $18,281 per tonne at 5pm, the metal's highest closing price of the year so far and a rise of 3.4% from Wednesday's 5pm price of...Read More
The London Metal Exchange's latest off-warrant stock data showed an increase of 3.9% in material held outside the LME warehouse network in November 2020. The amount of metal held off-warrant increased by 72,640 tonnes in November, a similar rise to that seen in October, when it rose by 78,092 tonnes. Data collected by the LME showed there was a total of 1.96 million tonnes of metal held off-warran...Read More
Bob Moriarty ArchivesJan 14, 2021The Bill Gates Effect: WHO’sDTP Vaccine Killed More Children in AfricaThan the Diseases it Targeted.Portuguese health worker, 41, dies two days after getting the Pfizer Covid vaccineas her father says he 'wants answers'.Mexican doctor hospitalizedafter receiving COVID-19 vaccine.Hundreds of Israelis get infected with Covid-19after receiving Pfizer/BioNTech va...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More
South Africa's chrome and manganese producers are facing competition with each other to secure trucking capacity amid Covid-19-related logistical disruptions and an impending rail shutdown, sources told Fastmarkets on Thursday January 14.Severe congestion at South Africa's Lebombo land border crossing in the past two weeks has led to delayed deliveries of chrome ore to the port of Maputo in Mozamb...Read More
Ammonium paratungstate (APT) exporters in China are facing rising costs due to higher domestic prices for the material, causing them to raise their offers again this past week even though foreign buyers have shown little interest in purchasing at these already elevated levels.Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $236-240 per metric tonne uni...Read More
The company, already listed on Canada's TSX and known as Strongbow Exploration until a name change in the summer of 2020, is looking to raise £5 million (US$ 6.Read More
AIM-listed Griffin saw mined ore from its Caijiaying operation reach 291,515 tonnes in Q4, up 17% versus Q3, while production of zinc concentrate rose 45% compared with the third quarter to 11,266t.Read More
Here are five Fastmarkets stories you might have missed on Thursday January 14 that are worth another look.In 2020, the global pig iron market faced the threat of a demand slump due to the reduction in steel production from all major outlets under the pressure of the Covid-19 pandemic.Rio Tinto is...Read More
McIllree has moved to executive chairman after five years at the helm with construction poised to begin on the company's flagship Dundas ilmenite project.Read More
Cobalt metal prices have continued to rally so far this week, with the latest round of Chinese buying tightening supply and emboldening sellers to hold out for higher prices. "Metal continues to move upward day by day, and you can't get the same low offers you got the day before," a distributor source told Fastmarkets. Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam moved...Read More
Stausholm replaces J-S Jacques, who was forced to resign over the Juukan Gorge blast.Stausholm joined Rio in 2018 as CFO and executive director from Maersk.A University of Copenhagen graduate, Stausholm spent 19 years with Royal Dutch Shell before joining ISS in 2008 and then Maersk in 2012. Rio chairman Simon Thompson said Stausholm had made a significant contribution to the company since jo...Read More
Mills in Bangladesh purchased three bulk cargoes in the last week, with prices easing gently, sources told Fastmarkets on Thursday January 14.Low scrap inventory, together with continuing difficulties in obtaining containers and ballooning shipping rates, led several steelmakers in the South Asian country to inquire for tonnages in bulk.A Bangladeshi mill booked a 38,000-tonne composite cargo at a...Read More
British steel scrap suppliers have achieved hefty price increases for steel scrap grades delivered monthly to domestic consumers for January amid a surge in demand for exports, industry sources told Fastmarkets this week. The UK steel scrap consumer market has extended monthly prices increases for the third month in a row, citing reduced scrap generation for the past several months that is showing...Read More
Turkish steel producers continued to hold back from deep-sea scrap purchases with sentiment turning negative, sources told Fastmarkets on Thursday January 14.Since a number of steel scrap cargoes were booked at the end of last week, mills have been quiet.The number of offers from suppliers in the United States and Russia, however, has increased, according to sources."Suppl...Read More
Russian mining company Nornickel is to join the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration across the minerals supply chain that uses blockchain to support responsible sourcing and production practises from mine to market.The move will see Nornickel's supply chains - including each stage of the company's vertically-integrated operations, from Russian mines to refiner...Read More