There is certainly the possibility that this entire election ends up back in the Supreme Court.Continue...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The latest forecast of global oil country tubular goods (OCTG) consumption paints a stark picture of the slowdown in demand from the energy industry in the wake of the Covid-19 outbreak and subsequent oil and gas retreat.For 2020, total global consumption is expected to amount to 13.2 million tonnes, a decline of nearly 3.5...Read More
In conversation with Maurice Jackson of Proven and Probable, the president and CEO of Riverside Resources describes his company's option agreement with Hochschild Mining and plans to move the Los Cuarentas Gold-Silver Project forward. Maurice: Today, we're going to highlight Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), a project generator that just consummated a definitive option agreement...Read More
Brazilian iron ore export volumes increased by 1.3% year on year in June, according to figures released by the country's economy ministry on Wednesday July 1.Shipment volumes totaled 30.05 million tonnes last month, compared with 29.66 million tonnes in June 2019.Exports also rose by 40% from May's total of 21.5 million tonnes.In May, there were concerns about the supply of iron...Read More
Industry associations up and down the steel and metals supply chain applauded the United States-Mexico-Canada Agreement (USMCA) trade pact going into effect on Wednesday July 1.The update to the North American Free Trade Agreement - which previously governed trade between the three nations - should increase demand while also assuring that essential cross-border supply chains remain intact, the Ame...Read More
Gold miners’ stocksrocketed out of mid-March’s stock panic, breaking out to major new bull-markethighs in mid-May. Such blisteringly-fastgains, and gold stocks’ upleg stalling out since, have left many tradersnervous about this sector. Calls for aserious selloff are mounting. But arguingin favor for more near-term gains to come, gold stocks never grew overvalued...Read More
Industrial metal demand and energies demand will be much higher than the second quarter. World will never be in lockdown mode for the rest of the year. Cities, localities, districts may be locked down but never a nation. Demand for metals and energies will be there. Pace of demand will vary each month in every nation. Human have to live with COVID. Wearing mask and other precautions need to be t...Read More
China will ban the import of all solid waste from 2021 for environmental reasons, but ferrous scrap will not be affected by the move.Well-placed sources with deep knowledge of government policy told Fastmarkets on Wednesday July 1 that the ban - announced by the Ministry of Ecology and Environment a day earlier - does not affect imports of the steelmaking raw material.Import restrictions imposed s...Read More
During the coronavirus crisis many people couldn’t find physical gold, as there was a bullion shortage at dealerships. And these lucky individuals who managed to obtain bullion had to pay high premiums. We invite you to read our today’s article about the high premiums in physical gold market during the pandemic and find out whether they were indicated scam or supply crisis.Gold is expe...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 1 that are worth another look.Brazilian iron ore pellet producer Samarco is on schedule to resume operations by the end of 2020 despite health and safety measures taken to prevent Covid-19 from spreading among workers, the company told Fastmarkets on July 1.Industry associations up and down the steel and metals supply chain...Read More
Spot availability for cobalt hydroxide remained tight in late June, with many suppliers sold out for July cargoes and taking time to gauge how much material they will be able to offer in August amid shipment uncertainties from South Africa, sources told Fastmarkets this week.Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China stood at 65-67% on Wednesday July 1, unchanged since...Read More
Brazilian iron ore export volumes increased by 1.3% year on year in June, according to figures released by the country's economy ministry on Wednesday July 1.Shipment volumes totaled 30.05 million tonnes last month, compared with 29.66 million tonnes in June 2019.Exports also rose by 40% from May's total of 21.5 million tonnes.In May, there were concerns about the supply of iron...Read More
Tariffs on low-carbon aluminium imports into the European Union should be eliminated to help power the region's Covid-19 recovery package and climate transition strategy, according to the chairman of En+ Group. Warning against the widespread use of high-carbon metals, Lord Gregory Barker said the removal of tariffs would be an urgent measure that can help European manufacturers grow a global marke...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 1 that are worth another look.Brazilian iron ore pellet producer Samarco is on schedule to resume operations by the end of 2020 despite health and safety measures taken to prevent Covid-19 from spreading among workers, the company told Fastmarkets on July 1.Industry associations up and down the steel and metals supply chain...Read More
Stefan Gleason, Money Metals ExchangeAs third quarter trading kicks off following a tumultuous first half of the year, investors are hoping for an auspicious July.Both stocks and precious metals posted impressive advances in the second quarter. The S&P 500 finished the April-June period with a gain of nearly 20%, its best quarterly performance since 1998. The Dow Jones Industrials, meanwhile, po...Read More
By: Jan Nieuwenhuijs, Voima GoldAn interview with the gentlemen behind the website "WTF Happened in 1971?" The last remnants of the gold standard were abandoned in August 1971, when President of the United States Richard Nixon decided to close the gold window (foreigners couldn't redeem dollars for gold at the Treasury anymore). From 1945 until 1971, the U.S. dollar was backed by gold, and serv...Read More
I've been wondering what might provide the catalyst to push the Dow above 30,000, and this may be it, from Bloomberg: "A strain of virus spreading in Chinese pigs has shown it can also infect humans, with researchers suggesting that another pathogen with pandemic potential waits in the wings behind Covid-19." There's no telling how much stimulus we'd see if a new virus takes wing before we've...Read More
Industrial metal demand and energies demand will be much higher than the second quarter. World will never be in lockdown mode for the rest of the year. Cities, localities, districts may be locked down but never a nation. Demand for metals and energies will be there. Pace of demand will vary each month in every nation. Human have to live with COVID. Wearing mask and other precautions need to be t...Read More
The mining industry does a huge amount of good for local communities, to say nothing of its essential contribution to society through the materials it produces. Unfortunately, it all too often manages to give itself a bad name, worsening negative perceptions of the sector through accidents, spills and a failure to act as a steward of the environments in which it operates. In the past month alone,...Read More
The threat of Section 232 tariffs on aluminium imports from Canada into the United States has, like the great white shark following the Brody family in the universally panned film, 'Jaws: The Revenge,' returned - akin to a truly awful horror movie franchise. And that's how Neil Herrington, senior vice president for the Americas, US Chamber of Commerce, views reports that the US administration is c...Read More