Apr 20, 2021 Guest(s): Peter Grandich petergrandich.com The gold price is headed back to $2,000 an ounce once it breaches key resistance levels, said Peter Grandich, founder of Peter Grandich & Company."The most beautiful technical chart I've ever seen on any market was shown. There's a wonderful cup and handle formation now on gold going back 10 years and it coincided with an absolute all-t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 20 that are worth another look.Brazilian steelmaker Gerdau will invest around 1 billion Reais ($179 million) to modernize and expand production capacity at its special steel division in Brazil amid an expected recovery in demand from both the automotive and capital goods industries,...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 20.Please click...Read More
The price of nickel was $16,038 per tonne at the close of trading at 5pm on Tuesday, its lowest closing price for three weeks, while most other futures prices on the London Metal Exchange also fell off their recent gains on Tuesday April 20.Nickel's three-month price was down by 0.5% from Monday's closing price of $16,121 per tonne, and at its lowest since March 31, when it closed at $16,068 per t...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 20 that are worth another look.Brazilian steelmaker Gerdau will invest around 1 billion Reais ($179 million) to modernize and expand production capacity at its special steel division in Brazil amid an expected recovery in demand from both the automotive and capital goods industries,...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 20, 2021 Gold is not a stock, bond, or business deal... let alone a casino chip in a paper money casino. Please click here now. Double-click to enlarge this horrifying US government fiat versus gold chart. Gold is a currency.It is the ultimate currency... and as this 50year chart s...Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 20.Please click...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Tuesday April 20.China Many domestic spot ferro-chrome sellers cut their prices in order to secure business at current profitable levels. The outlook for the ferro-chrome market remained bearish despite the recent supply tightness. Spot procurement for imported charge chrome was limited, with prices follow...Read More
Brazil-based Vale's March quarter output was below analysts' expectations and 19.5% less than the previous quarter, while Rio Tinto's output was 2% lower year-on-year.Meanwhile BHP today said it had achieved record March quarter production at its Western Australian iron ore operations, 4% more than a year ago, however it also missed expectations and its shares were down almost 2% in morning trade....Read More
Pilbara iron ore shipments on a 100% basis rose 7% to 77.8 million tonnes, just shy of Macquarie's forecast of 78.7Mt.Read More
Korea Zinc has agreed annual supply contracts for lead concentrate from South32's Cannington mine in Australia with a 25.5% reduction in treatment charge (TC) terms from a year ago.The two companies agreed to a TC of $136 per tonne and refining charge (RC) of $1.50 per oz, down from $182.50 per tonne / $1.50 per oz, sources claiming direct knowledge said. The deal was locked as per contract with n...Read More
The Liebherr-family owned business this week reported a 9.8% year-on-year dip in mining turnover to €964 million (US$1.1 billion) compared with last year's €1,069 million.Group sales across 13 product segments totalled €10,341 million in 2020, versus €11,750 million in 2019 - the highest level in five years.The Asia/Oceania region accounted for 60.8% of Liebherr's min...Read More
Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company")(TSXV: SSVR, OTCQB: SSVRF, Frankfurt: 48X) has commenced an over-10,000-metre drill program at the Hughes property near Tonopah, Nev. The program will consist of both reverse circulation (RC) and core drilling. An RC rig is currently in full operation on the project and two additional core rigs are scheduled to arrive within...Read More
Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF) ("LEAF" or the "Company"), will partner with the Worldwide Asset eXchange Blockchain ("WAX"), on the launch of an NFT-based collectible card game titled Bud Farm Nifty Stash (the "Partnership").Bud Farm Nifty Stash will be the newest launch from the Bud Farm universe by LDRLY, and the first NFT-based game for LDRLY and the LEAF group. This collectible c...Read More
Seattle-headquartered Seeq said Insight joined the likes of Saudi Aramco Energy Ventures, Altira Group, Chevron Technology Ventures, Cisco Investments and Second Avenue Partners as investors in its product development and growth in markets that also include the chemical, and food and beverage industries."Seeq has established themselves as the leader in process manufacturing and IIoT analytics, and...Read More
The development of each project has been halted by community resistance centred on fears about contamination of water sources."We have already decided this. Conga and Tia Maria are unviable cases. I have been a watchman and as a social fighter, I defend the aquifer buffers," Castillo said in Cajamarca, according to local press."We must respect mining extraction has to take place where nature and m...Read More
Turkish steel producers continued to push for lower deep-sea scrap prices, while suppliers in the Baltic Sea and United States continued to maintain higher offers, market participants told Fastmarkets on Tuesday April 20.At least three deep-sea cargoes were booked on Friday April 16.The most recent was heard after the indices closed on Monday April 19.A steel mill in the Izmir region booked a Euro...Read More
Fastmarkets proposes to increase the frequency of its India ferrous shredded scrap index to twice each week because of continued price volatility in the market.The steel scrap shredded, index, import, cfr Nhava Sheva, India, is subject to continuous fluctuations in the market as a result of factors such as the Covid-19 pandemic and the global shipping crisis. This means that the index, currently c...Read More
Spot prices for imported ferrous scrap to China remained largely stable on Tuesday April 20, while cargoes of scrap booked in recent weeks have been gradually clearing customs, sources have told Fastmarkets.A steelmaker in north China had its first shipment of imported scrap successfully clear customs at Tianjin port on April 14, while a Chinese metals and minerals trading company had a cargo clea...Read More
Base metals prices on London Metal Exchange were stronger across the board this morning, Tuesday April 20, but those on the Shanghai Futures Exchange were mixed, as were broader markets, following weakness on Wall Street on Monday.The US Dollar Index continues to trend lowerBase metalsLME three-month base metals prices were up by an average of 0.7% this morning, once again led by a 1.2% rise in co...Read More