Digging Deep

Defense Metals in the Media

February 16, 2024

Our 2024 Predictions, Part 2

January 11, 2024

Our 2024 Predictions, Part 1

January 02, 2023

Can Gold Hit $3,000 in 2024?

29 December, 2023

Will Bitcoin ETFs Kill Gold?

November 21, 2023

What's Next for Gold?

06 June, 2023

Platinum and Palladium

February 2022

Transition to Production

June 15, 2021

Silver Suppression?!

February 02, 2021

Gold: Year in Review 2020, and 2021 Outlook

January 04, 2021

Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

AbraPlata: CMR's full analysis of an Argentina focussed gold and silver junior

May 2020

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

Mothae Yields its Biggest Ever Type IIa D-Color Diamond

February 25, 2021 / www.idexonline.com

(IDEX Online) - Lucapa has recovered the largest Type IIa D-color white diamond at its Mothae mine, in Lesotho, since operations began there in 2019.The 215-carat gem (pictured) is the mine's second +200-ct and the fifth +100-ct diamond.Last month the Australian miner achieved its highest ever per-carat price from Mothae - $1,198 -  in a sale included that included a Type IIa 101-carat D...Read More

Indian Laborer Recovers 14-ct Diamond

February 25, 2021 / www.idexonline.com

(IDEX Online) - An Indian laborer who leased a small patch of land in Panna in search of diamonds has recovered one of the biggest gems in recent times.Rampyare Vishwakarma and his partners found a 14.09-ct diamond, which could fetch $95,000 when it is auctioned next month.Small-time prospectors typically pay $2.70 for the six-month rights to a 25ft by 25ft patch in an impoverished area of Panna,...Read More

AT A GLANCE: Kaiser's 2020 shipments reflect aerospace woes

February 26, 2021 / www.metalbulletin.com

A summary of Kaiser Aluminum's fourth-quarter and full-year 2020 earnings results, published on Wednesday February 24.Fourth-quarter results in brief Kaiser's fourth-quarter 2020 net sales were $272 million, up by 6.25% from the previous quarter's net sales of $256 million but down by 26.29% from $369 million in the fourth quarter of 2019. The company reported net income of $6 million, up signific...Read More

PEOPLE MOVES: Lead producer Recylex promotes Gofflot to CEO as Rudow exits

February 26, 2021 / www.metalbulletin.com

Jacky Gofflot will become chief executive officer at French lead producer Recylex on Monday March 1 when Sebastian Rudow, who has recently resigned, leaves the company.Gofflot was hired in April last year to manage Recylex's battery-breaking sites, the company said, and brought more than...Read More

LIVE FUTURES REPORT 25/02: LME aluminium up 2%, copper at $9,400, nickel down to $19,200

February 26, 2021 / www.metalbulletin.com

The price of aluminium showed a 2.3% rise and held close to its new 2021 high of $2,243 per tonne during trading on the London Metal Exchange on Thursday February 25.The price of nickel was the only one among the base-metals complex to close lower day on day at the 5pm close, being down by 2.6%.Aluminium's three-month price was up to $2,235 per tonne at the close, from Wednesday's 5pm price of $2,...Read More

Copper spread tightness balloons, price continues to surge

February 26, 2021 / www.metalbulletin.com

The backwardation in copper's benchmark cash-to-three-month spread reached a near two-year high of $51.50 per tonne, with the bullish rally on the red metal showing no signs of relenting.The London Metal Exchange cash price for copper reached $9,648.50 per tonne on Thursday, rising by 22.5% from the start of February.  Analysts say copper's all-time high of $10,207.50 per tonne - hit in...Read More

Huge investment needed for new energy drive, BloombergNEF says

February 26, 2021 / www.metalbulletin.com

At least $14 trillion must be invested in the electricity grid worldwide by 2050 to support new energy usages, research consultancy BloombergNEF reported on Tuesday February 23.The drive to upgrade the grid could spur demand for a wide range of metals and industrial minerals."The transition to electric heating and transport is driving up electricity demand, while the tremendous growth of wind and...Read More

Biden signs order to strengthen US supply chains, address chips shortage

February 26, 2021 / www.metalbulletin.com

United States President Joe Biden signed an executive order on Wednesday February 24 intended to secure his nation's supply chains through a review of critical products, which will include computer chips and batteries.The order directs US federal departments and agencies to identify ways to secure supply chains against a range of risks and vulnerabilities, and ultimately to avoid shortages of crit...Read More

Flourishing explorer tracing mineralisation to surface

February 25, 2021 / www.mining-journal.com

Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliThe well-supported company recently expanded its drill programme to 15,000m given the quality of initial results.The project has a measured and indicated 1.1 billion pounds of copper, 1.1 million ounces of gold, 104Mlb molybdenum and 20Moz of silver at three deposits.Hot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot...Read More

PolyMet gets ruling in favour of air permit

February 24, 2021 / www.mining-journal.com

Auteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsHot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliMegatrends 2035: How expansion of megacities will impact demand for commodities?EURRead More

BlueScope expansion can't finish fast enough, CEO says

February 26, 2021 / www.metalbulletin.com

North Star BlueScope's expansion of its electric-arc furnace (EAF) operations in Delta, Ohio, are proceeding as scheduled and should come online by the end of the first half of 2022, parent company BlueScope Steel said."Right now, I can't get the North Star project done quick enough, quite frankly, and the team out there are running at 1,000 miles an hour to bring it to market," BlueScope Ste...Read More

UAE's Conares Steel reduces rebar price

February 26, 2021 / www.metalbulletin.com

Dubai's Conares Steel has cut its rebar price to 2,530 dirhams ($689) per tonne ex-works, down from the previous 2,590 dirhams per tonne ex-works, chief executive Bharat Bhatia told Fastmarkets on Thursday, February 25.The UAE steelmaker's announcement follow's Wednesday's price cut by the region's biggest steel producer Emirates Steel, which dropped its rebar price by 91 dirhams to 2,535 dirhams....Read More

CIS STEEL BILLET: Prices surging with uptrend in scrap segment

February 26, 2021 / www.metalbulletin.com

Prices for export billet from the Commonwealth of Independent States (CIS) continued trending upward at the end of the week on support from surging scrap costs, sources said on February 25.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculated at $448.1 per tonne on Thursday, up by $6.67 per tonne day on day and $34.47 per tonne week on week.H...Read More

EGYPT STEEL BILLET, REBAR: Steel billet import offer prices rise despite lack of buying interest

February 26, 2021 / www.metalbulletin.com

Steel billet offer prices to Egypt increased sharply this week, despite a complete lack of buying activity, sources told Fastmarkets on Thursday, February 25.Sources said the main reason for the higher offer prices was growing demand for billet from the Commonwealth of Independent States.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $566 per tonne on February 24, rising fr...Read More

Cu, Al, Sn prices steam ahead, others consolidate

February 25, 2021 / www.metalbulletinresearch.com

Apart from nickel on the London Metal Exchange, the rest of the base metals on both the LME and Shanghai Futures Exchange were once again stronger this morning, Thursday February 25.* US Federal Reserve Chairman Jerome Powell told Congress that it might take three years to reach the central bank’s inflation targets* Asian-Pacific equities were up strongly on Powell’s commentsBase metalsT...Read More

DAILY STEEL SCRAP: Turkish steel mills keep buying scrap, prices edge up further

February 26, 2021 / www.metalbulletin.com

Turkish steelmakers have continued their deep-sea scrap purchasing despite rising prices, supported by strong rebar and billet sales, market sources said on Thursday February 25.A steel mill in the Iskenderun region booked a US cargo, comprising 11,000 tonnes of HMS 1&2 (80:20) at $454 per tonne along with 16,000 tonnes of shredded and 3,000 tonnes of bonus at $464 per tonne cfr.The same mill also...Read More

Brazil steel scrap consumption set to rise in 2021 - Inesfa

February 26, 2021 / www.metalbulletin.com

Brazilian steel scrap consumption is expected to grow in 2021 after scrap generation increased and began to meet a jump in demand from mills in the second half of 2020, the country's ferrous scrap association, Inesfa, said.Inesfa calculated scrap consumption at 8 million tonnes in 2020, up from 7.79 million tonnes in 2019, with the current environment signalling a rise this year, it said.That said...Read More

COKING COAL DAILY: Seaborne premium fob price tumbles

February 26, 2021 / www.metalbulletin.com

The seaborne premium low-volatility hard coking coal fob price slumped dramatically on Thursday February 25, with the latest transaction sealed at $126 per tonne fob Australia. Fastmarkets indicesPremium hard coking coal, fob DBCT: $127 per tonne, down $11.93 per tonnePremium hard coking coal, cfr Jingtang: $219.04 per tonne, unchangedHard coking coal, fob DBCT: $130.07 per tonne, up $0.50 per ton...Read More

IRON ORE DAILY: Prices rise on positive expectations of growth in demand for steel

February 26, 2021 / www.metalbulletin.com

Iron ore prices mostly increased on Thursday February 25, supported by healthy mill margins and expectations of a steady rise in demand for steel, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.24 per tonne, up $1.53 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.70 per tonne, up $1.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $160.06 per t...Read More

CHINA STEEL SCRAP: Prices surge on bullish Q2 sentiment, international boost

February 26, 2021 / www.metalbulletin.com

Import prices for high-grade steel scrap into the key Chinese market surged on Thursday February 25 due to increasingly bullish sentiment in the domestic scrap markets and jumps in international ferrous scrap prices.Sources said that Chinese steel mills are now able to purchase at $480-485 per tonne cfr China for high-grade Japanese HS materials after negotiation, while sellers have hiked offers t...Read More

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