South Korean consumers are staying away from imports of heavy steel scrap due to rising offer prices from Japan and an adequate local supply of material, market participants told Fastmarkets on Friday October 30.Offers from Japan for H2 heavy scrap were ?30,500-31,000 ($292-297) per tonne cfr South Korea this week, while Korean mills will only consider prices for ?27,500-28,000 per tonne fob Jap...Read More
China's spot refining charge (RC) for blister copper increased over October on lower buying appetite due to an expected inflow of scrap now that recyclable copper raw materials can be imported into the country from next week, sources said on October 30.Fastmarkets assessed the copper blister 98-99% RC spot, cif China at $150-160 per tonne on October 30, narrowing higher on the low end from $140-16...Read More
Vietnamese buyers continued to source American scrap due to its narrow spread over Japanese materials in the week to Friday October 30, although many market participants have been increasingly tight-lipped over market activity. There was a transaction heard at $315 per tonne cfr Vietnam for a deep-sea cargo from the United States' West Coast in the early part of the week. Details could not be asce...Read More
Scrap buyers in Taiwan are opting to use more domestic ferrous scrap for charging their electric-arc furnaces instead of purchasing costlier imported cargoes, industry sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $282-283 per tonne on Friday October 30, unchanged from the previous day and up...Read More
The European Commission has set safeguard quota volumes for steel products imported from the United Kingdom starting from January 1, 2021. The EC announced the quotas on Friday October 30. These will apply to several steel products, including hot-rolled, cold-rolled and hot-dipped galvanizing coil originating from the UK. Any volumes sold exceeding the quotas will be subject to 25% duty. "Pur...Read More
Peter Marrone, executive chairman at Yamana Gold discusses the latest results which include highest operating cash-flow in five years, at the same time that gold hits record highs.Read full newsRead More
Sokoloff says you can own gold bullion, the GLD ETF, invest in gold royalty companies and/or gold miners.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
The Silver price collapsed in March hitting a 12-month low of US$11.64. Silver has gone to rally by close to 110% since March lows against the US dollar.At time of writing, silver is trading at US$24.31 an ounce...Read full newsRead More
Strategic acquisitions and additional tenement applications at the Nardoo Rare Metals Project and Poona Project expand the Company's footprint in these highly prospective regions.Read full newsRead More
The Company made significant inroads during and subsequent to the quarter which included the completion of the release of the results from the initial JORC compliant mineral resource estimate for the Santa Teresa High Grade Gold Project in Baja California, Mexico.Read full newsRead More
Barksdale Resources Corp. is pleased to announce that it has execRead full newsRead More
Sienna Resources Inc. Sienna Resources is pleased to announce thaRead full newsRead More
Peter Marrone, executive chairman at Yamana Gold discusses the latest results which include highest operating cash-flow in five years, at the same time that gold hits record highs.Read full newsRead More
Sokoloff says you can own gold bullion, the GLD ETF, invest in gold royalty companies and/or gold miners.Read full newsRead More
One of the best things we can learn from Warren Buffett about investments is the pride of ownership. Buffett is a staunch believer in buying “a business,” not just shares of a business that perform based on market sentiment and a plethora of other factors. It’s more of a psychological thing than a tangible one, because whether you buy a business that you feel proud of owning or s...Read More
Gold and energy stocks have seen a lot of volatility this year. It would be an understatement to say that energy dipped while gold soared. That being said, should you invest in gold or oil stocks?The continuation of the COVID-19 pandemic means that there is still substantial risk in oil stocks today. Moreover, while gold looks like a solid buy, the high price cautions investors to ask themselves i...Read More
Oct 31, 2020 Guest(s): Anna Golubova Social Media Reporter What was the real reason why gold tanked this week and what are the expectations come election day Tuesday? This week, gold dropped well below its key $1,900 an ounce level after being stuck there for weeks. Analysts pointed to higher U.S. dollar, lower equities and options expiration as the main reasons for the drop. But behind all of t...Read More
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
The world is all geared up for US Presidential elections on Nov 3, and awaiting the outcome with bated breath. This election is extremely crucial given the outcome given the pandemic unrest, second COVID wave fears and the turmoil around the US stimulus. The elections will have a ripple effect on the US corporates, US dollar index & in turn on the EMs and other economies. So should the world look...Read More