Adam HamiltonArchivesJun 17, 2020 Silver investment demand is exploding in recent months, skyrocketing higher in wildly-unprecedented fashion! That has catapulted silver sharply higher since mid-March's COVID-19-lockdown stock panic. Accelerating even in this usually-weak summer season, the massive capital inflows deluging into silver show no signs of abating. This is very bullish for silver, yet...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Azure will have a 70:30 joint venture with Creasy at Turner River plus the Meentheena and Coongan prospects, and a 60:40 JV at the Andover nickel-copper prospect.Read More
Mastermyne managing director Tony Caruso told the Noosa Virtual Mining Conference he believed the acquisition provided a path for expansion of the ground consolidation business from coal into the hardRead More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday July 17.China The domestic market remained stable in the week ended Friday July 17, with limited spot trading, after many suppliers had sold out their cargoes available for this month. A number of smelters restarted their...Read More
Peruvian mining production of both copper and zinc tumbled in May year on year from 2019, despite recovering from April figures, while the country was gradually reopening from restrictions to combat the Covid-19 pandemic, Fastmarkets understands.The country produced 128,407 tonnes in copper content during May, down by 41% from 218,000 tonnes a year before, mining and energy private association SNM...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort330,20567,77759,596125,909427,927515,710555,300Change from Prior Reporting Period -6,825-1,8955,5667,4856,9116,22610,582Traders22765875666318190 Small Speculators LongShortOpen Interest 64,46524,875580,175 1,173-3,1837,399 non reportable positionsChange from the previous reportin...Read More
Spot gold getting higher than comex gold futures. Silver is still in bullish zone. Covid is spreading in nations which have opened after lockdown. Gold and silver are soft just due to vaccine hopes and nothing else. Rest of the factors are all bullish. Gold investment demand from ETF and others will not fall significantly unless there are other safe options. Federal Reserve meeting on 29th July...Read More
Exports of manganese ore from South Africa have almost quadrupled from April to July, according to preliminary trade data seen by Fastmarkets, and the majority will head to China, where inventories are already rising and prices have fallen sharply. South Africa will export almost 2 million tonnes of manganese ore in July from around 500,000 tonnes in April when South Africa was under strict lockdo...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Belaunde has a background as a consultant in community negotiation, real estate management, land and legal physical sanitation in the mining sector.Read More
Chinese domestic spot prices of both indium and germanium have yet to yield any gains after the provincial government of Yunnan announced further details on the commercial stockpiling of several non-ferrous metals, which in theory could lend some support to these metals, Fastmarkets understands. In the latest announcement, Yunnan's provincial government unveiled the exact volumes for the commercia...Read More
The prices paid for steel scrap by mills in Turkey and Asia have moved up over the week ending Friday July 17, against a backdrop of stronger Chinese prices for iron ore and steel.Turkish steel producers continue to book deep-sea scrap at progressively higher prices through the weekUS East Coast market activity increased after new sales to TurkeyVietnamese scrap demand was supported by a surge in...Read More
Turkish steel producers continued their deep-sea scrap purchases at the end of the week at slightly higher prices, sources told Fastmarkets on Friday July 17.A steel mill in Northern Turkey booked a Baltic Sea cargo, comprising 8,000 tonnes of HMS 1&2 (80:20) at $260 per tonne, 14,000 tonnes of shredded at $265 per tonne and 4,000 tonnes of bonus at $270 per tonne cfr.Another steel mill in the Izm...Read More
KENORA - The Ontario government is investing $625 million to expand and improve highways, roads and bridges across Northern Ontario. These road enhancement projects will make travel easier and safer for families, while supporting economic growth and job creation in local communities."Our government is committed to making investments in our northern highways to reduce congestion, make our roads saf...Read More
The price of ferrous scrap imported into India in containers remained firm on Friday July 17 because of restricted material supply, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $281.46 per tonne on July 17, up from $279.17 per tonne a week earlier.No deals were heard on the market this week, although offers were in the ra...Read More
Markets were mixed across the board this morning, Friday July 17, while traders consolidate recent gains - key will be how well prices manage to hold up.The base metals traded on the London Metal Exchange were all down, but only by an average of 0.3%, while the base metals on the Shanghai Futures Exchange were mixed, but down by an average of 0.2% An European Union summit is underway today to try...Read More
Share this articleCALGARY - Despite negative impacts of the COVID-19 pandemic on production and costs, rising prices for gold are expected to buoy results as Canada's precious metals miners begin rolling out second-quarter financial results next week.In the three months ended June 30, the average gold price was US$1,713 per ounce, up eight per cent over the first quarter, said RBC Capital Mark...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
In a recent Kitco editorial, writer Lobo Tiggre asks, "What if gold really does go to $5,000 or $10,000 an ounce?"Good question.Tiggre answers by speculating on how the world might look in an environment with $5,000 or $10,000 gold. As you might expect, he notes that such prices would be accompanied by high levels of economic, political, and social uncertainty -- which may have resulted in hyper...Read More