Lithium is a key priority for Chile and will be exploited in an increasingly sustainable way to meet growing demand from the electric vehicle (EV) sector, according to the country's mining minister, Baldo Prokurica."Global demand for lithium is expected to reach almost 1.8 million tonnes [per year] of lithium carbonate equivalent [LCE] by 2030," Prokurica said during the annual mining conference o...Read More
Trafigura is preparing to table an offer for Brazilian miner Vale's embattled nickel and cobalt operations (VNC) in the French territory of New Caledonia in the South Pacific, sources told Fastmarkets on Tuesday October 20.Fastmarkets understands that the Geneva, Switzerland-headquartered trading house is part of a consortium with four French companies.A source said that current negotiations...Read More
Orestone Mining Corp. (TSX-V: ORS, Frankfurt: WKN: A2DWW7) owns a 100% percent interest in the Captain gold/copper porphyry project in north central British Columbia, 41 kilometres north of Fort St. James, B.C. and 30 kilometres south of the Mt. Milligan copper-gold mine, which is a very large deposit that has been in production for many years. Captain hosts a cluster of large porphyry targets, ad...Read More
* Dollar slips to one-week low * Stimulus hopes lift risk sentiment * Interactive graphic tracking global spread of coronavirus:open * in an external browser (Updates prices)By Brijesh PatelOct 21 (Reuters) - Gold prices rose to a one-week high onWednesday as the dollar weakened on renewed hopes for a new U.S.stimulus package ahead of the Nov. 3 election.Spot gold was up 0.6% at $1,917.57 per ounc...Read More
Aztec Minerals Corp. (AZT: TSX-V, OTCQB: AZZTF) is a mineral exploration company, focused on the discovery of large gold-copper deposits in the Americas, with two main assets: the prospective Cervantes porphyry, gold-copper property in Sonora, Mexico, and the historic, district-scale, Tombstone properties, in Cochise County, Arizona, that host both bulk tonnage epithermal gold-silver, and CRD silv...Read More
Ghawar, Burgan, Daqing, Ahvaz, Cantarell, Prudhoe Bay... You know these names well if you've had a dime invested in oil at any point over the last hundred years.There are even a few that'll have you scratching your head, such as Safaniya, Kashagan, and Samotlor.These are among a few of the world's remaining supergiant oil fields.More importantly, these oil fields gave a select group of state-run c...Read More
Hot-rolled coil prices in the United States have remained steady above $33.50 per hundredweight ($670 per short ton); meanwhile, market activity has slowed, with buyers waiting to purchase more material amid expected additional increases and rising offer prices.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated $33.57 per cwt ($671.40 per ton) on Wednesday October...Read More
Low demand for heavy steel plate in Europe did not allow steelmakers to achieve their targeted price increases and threatened instead to drag prices downward, sources told Fastmarkets on Wednesday October 21.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was unchanged at ?,?460-470 ($543-555) per tonne on October 21.The assessment reflected achievable p...Read More
Domestic prices for steel cold-rolled coil in Europe were fairly stable in the week to Wednesday October 21 with buyers continuing to monitor the market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?570-590 ($673-696) per tonne on October 21, compared with ?,?570-580 per tonne a week earlier.The assessment reflected "workable" p...Read More
Wire rod prices in the United States have inched slightly higher month on month due to increasing demand while imported wire rod prices again remained flat.Fastmarkets' monthly price assessment for steel wire rod (low carbon) industrial quality, fob mill US rose by 0.8% to $31.25-32.25 per hundredweight ($625-645 per short ton) on Tuesday October 20 from $31-32 per cwt previously.Fastmarkets' pric...Read More
The price of hollow steel sections in Europe increased sharply this week while mills continue to push for and achieve higher prices, market sources told Fastmarkets on Wednesday October 21.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?630-650 ($744-767)per tonne on Wednesday, up from?,?600-630 per tonne one week previous. "Demand is okay, the...Read More
The price of steel H-beams in Europe remained unchanged this week with the market beginning to stagnate after a dip in momentum, sources told Fastmarkets on Wednesday October 21.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?540-570 ($637-672) per tonne on Wednesday, unchanged from the previous assessment. Beam producers previously announced...Read More
Turkish steel mills continued their silence in the deep-sea scrap market for a third day this week, with participants now split on the direction prices will take, sources said on Wednesday October 21.After a third day without any new bookings, sources began to speculate on the direction prices might go.Some told Fastmarkets they were expecting prices to move up, despite the mil...Read More
Iron ore futures gained again on Wednesday October 21, following an uptrend in steel futures amid a drop in steel inventories, with the seaborne market remaining stable on limited trading activity, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $120.49 per tonne, up $0.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $120.64 per tonne, up $0.59 per tonne58% Fe fi...Read More
Keith Neumeyer, CEO of silver miner First Majestic, speaks with Daniela Cambone about the recent record settlement from JP Morgan regarding the spoofing of metal prices. The bank was forced to pay close to $1 billion in fees to resolve claims of market manipulation involving two of its trading desks- the largest sanction ever tied to the illegal practice known as spoofing. Neumeyer also talks abou...Read More
Doug Casey says the good news is, "The situation is hopeless but NOT serious". In Today's episode, he applies his life philosophy to the "hopeless" situation we find ourselves in. It turns out there is much that we can do, but it's probably not what you think.Doug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international in...Read More
The future for cryptocurrencies is bright, but one thing that has held it back from being adopted by the masses is its ability to be used in the existing financial system. As crypto continues to grow, today's guest believes you're going to need the ability to earn interest on your Bitcoin, to use your Bitcoin as collateral for a loan, and the ability to seamlessly transfer and integrate your Bitco...Read More
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financia...Read More
On electoral votes Trump should win again. Turnout will be at least 55% or even 61%. The model has never been wrong. It also shows that this election will be the most corrupt election in history, with Big Tech conspiracies and mail fraud and who knows? It may take 2 weeks to know who actually won. Hard to say because it's so rigged and they are so desperate to toss out Trump, in furtherance of the...Read More
Daily Reckoning Australia editor, Shae Russell interviews author and economic expert Nomi Prins about the impact of central bank monetary policy on the financial economy and global markets. Most of the money the US Federal Reserve creates does not go to real people but to increased debt of corporations and financial markets. As a result, the Fed is creating distortion and disconnect between the fi...Read More