Barrick Gold Corp on Thursday estimated a 10.8% drop in third-quarter gold production as the miner's Porgera project in Papua New Guinea remained shut during the period.Read full newsRead More
Tanzania's gold-mining industry is showing signs of a renaissance following a crackdown on smuggling and the settlement of a long-running dispute with Barrick Gold Corp.Read full newsRead More
With all eyes firmly on the upcoming U.S. election, the pandemic-stricken markets could be facing some early November volatility. In the long term, the best-quality stocks are likely to recover. However, some huge value opportunities could very well be just around the corner. Instead of fretting, investors should be making a wish list, determining entry points, and looking to go long on beaten-up...Read More
Oct 19, 2020 Guest(s): Mark Skousen October 19, 1987 was a day of infamy for stock market traders. Known as the "Black Monday" stock market crash, markets all around the world tumbled, with the U.S. markets falling more than 20% during the trading session that day.Mark Skousen, editor in chief of Forecasts & Strategies, predicted that a major market correction would happen in 1987, and mont...Read More
Here are five Fastmarkets stories you might have missed on Monday October 19 that are worth another look....Read More
Bob Moriarty ArchivesOct 19, 2020Twenty years from now there are going to be more books that will have been written about the year 2020 than are in print about the Kennedy assassination. Just when you think it would not be possible to get any more nuts, it gets more nuts. The latest news from the monkey jungle we call Washington DC is that Joe Biden was getting payoffs from China. Not that the ave...Read More
Further measures to increase transparency and investments for metal producers were required to expand the sustainable metal market, participants said on a sustainability panel during the London Metal Exchange's online LME Week seminars on Monday October 19.Harald Friedl, sector lead at Climate Champions, said that the issue of sustainable metals supply chains has continued to gain traction among t...Read More
The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Monday October 19, rallying by more than 2.5% against positive forward spreads and robust demand.Meanwhile, a firm contango for LME tin resulted in high trading volumes pushing the metal's outright price to a 14-month high.Zinc's outright price on the LME closed at $2,491 per tonne on M...Read More
Jack ChanPosted Oct 19, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is...Read More
Canada-based Lundin Mining Corp is to suspend operations at its Candelaria copper mine in Chile after mediation talks with a second union at the site failed to result in an agreement .Around 550 workers represented by the Candelaria AOS Union can now legally strike from October 20. They will join around 350 members of the Mine Workers Union who began industrial action at Candelaria on Oc...Read More
Seaborne prices for both low- and high-grade manganese ore in China continued to move downward in the week to Friday October 16, with producers lowering their offer prices for 37% material and sentiment weakening for 44% ore, market participants told Fastmarkets.Increasing stock levels and falling portside ore prices also weighed on demand, they added.Fastmarkets' manganese ore index, 37% Mn, cif...Read More
Max Layton, head of EMEA commodities research at Citi, said copper had been the "flavour of the day" in his recent client conversations.Read More
The latest data for the global manganese ore market for the week ended October 19, 2020.Read More
Spot demand for cobalt metal has remained at minimal levels in recent weeks, leading market participants to question the level of discount that would be achievable in the forthcoming "mating season."Sellers confirmed on Monday October 19 that consumers continued to take any additional requirements of metal from long-term contracts, enjoying discounted prices arranged last year.This has left only t...Read More
Here are five Fastmarkets stories you might have missed on Monday October 19 that are worth another look....Read More
Recycled copper and aluminium that meet China's standards for renewable metals instead of solid waste can be freely imported into the country starting from November 1, according to the Chinese Ministry of Ecology and Environment. The customs commodity codes of recycled copper raw materials and recycled cast aluminium alloy raw materials are 7404000030 and 7602000020 respectively, the ministry said...Read More
Domestic prices for ferrous scrap in Italy have been fairly stable over the month to the middle of October, market sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was unchanged over the month at ?,?220-240 ($258-281) per tonne on Friday October 16. The assessment was based on transactions heard in the market....Read More
Canada-based Lundin Mining Corp is to suspend operations at its Candelaria copper mine in Chile after mediation talks with a second union at the site failed to result in an agreement .Around 550 workers represented by the Candelaria AOS Union can now legally strike from October 20. They will join around 350 members of the Mine Workers Union who began industrial action at Candelaria on Oc...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly firmer this morning, Monday October 19, supported by economic data out of China, especially the 6.9% rise in industrial production, but gross domestic production (GDP) data came in lower than expected.China's GDP climbed by 4.9% in the third quarter, this after a 3.2% rise in the second quarter, it had been e...Read More
Share this article Kirkland Lake Gold Ltd. [KL-TSX, NYSE] has released new drill results from 135 holes (47,683 metres) of underground exploration drilling from the Macassa Mine in Kirkland Lake, Ontario. Holes in the program were completed from platforms located on the 5300, 5600 and 5700 levels and designed mainly to confirm and extend resources within the SMC, LSMC and Amalgamated zones. Reso...Read More