Key data from the Friday August 28 pricing session in Shanghai.Key drivers Exporters raised their offers following gains in the domestic market; domestic prices are said to be around 10,300-10,400 yuan ($1,499-1,514) per tonne, compared with around 10,200-10,300 yuan...Read More
Spot cobalt hydroxide payables consolidated last week amid a slowdown in trading activity, with buyers and sellers both unwilling to compromise in order to secure deals. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, held at 76.5-77% of the price for cobalt standard grade (low-end) on Friday August 28. The raw materials price has been unchanged for three consecutive pricin...Read More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
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AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said on Monday, as political crisis grips the West African nation after soldiers seized power in a coup.Read full newsRead More
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Gold prices climbed higher in Tuesday’s trading session as a weaker dollar countered some pressure from the better-than-expected U.S. manufacturing data, which offered a correction from a two-week high. Spot gold was up 0.1% to $1,971.61 per ounce, having earlier hit its highest since Aug. 19 at $1,991.91. U.S. gold futures settled marginally higher at $1,978.90 per ounce. With gold...Read More
Sep 01, 2020 Guest(s): Jim McDonald CEO, Kootenay Silver Silver has seen significant momentum in the last two months as it is now outperforming gold. One mining executive said that all-time highs are not out of reach for the precious metal with this strong tailwind.In an interview with Kitco News on the sideline of the Mines and Money Online Connect global virtual mining conference, Jim McDonald...Read More
Anyone who follows The Outsider Club knows that I'm not a resource guy. My trading service, The Wealth Warrior, focuses instead on the defense and security sectors. I'm talking about companies that make fighter jets, drones, laser weapons, rocket engines, and advanced AI. Nevertheless, even I knew something big was on the horizon for gold. Here's what I told subscribers back in September 2019:...Read More
Sep 01, 2020 Guest(s): Adrian Day Gold and silver prices are going to go higher and end the year above $2,000 an ounce and investors shouldn't worry or quibble over some short-term profit taking and consolidation, according to one fund manager.In an interview with Kitco News, on the sidelines of the Mines and Money Online Connect global mining conference, Adrian Day, CEO of Adrian Day Asset Man...Read More
Sep 01, 2020 Guest(s): Kai Hoffmann CEO, Oreninc The junior mining sector has attracted more capital inflows between May and August than all of last year combined. Kai Hoffmann, CEO of SOAR Financial Group, sees this is a sign of renewed optimism in the space. "Obviously the gold price explosion [caused this] but in general, the return of the brokers and the bankers to the space, they're driving...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
Aluminium premiums in Europe and Asia rose on Tuesday September 1 due to improving fundamentals and a consistently wide contango on the London Metal Exchange, while the premium in the United States fell ahead of a national holiday next week. Stronger demand and a wide contango help to boost premiums in EuropeHigher fourth-quarter premiums and domestic demand support increases i...Read More
Three-month base metals prices on the London Metal Exchange were broadly trending upward during the afternoon session on Tuesday September 1, rallying on better data for the China purchasing managers' index (PMI) and a weak US dollar.The base-metals complex continued its recent macro-following trend on Tuesday, rising on hopes of greater Chinese demand with the region's manufacturing figures going...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 1, 2020 While most of the Corona news is “baked” into the gold price, when the dust settles, $2000-$2500 is likely to be the new floor. Please click here now. The $1000 floor for gold took time to establish and the process involved significant pain for gold price enthusias...Read More
Zinc concentrate treatment charges (TCs) continued its upward trend in August with smelters reluctant to accept lower offers, while lead concentrate TCs fell sharply in response to supply tightness. Fastmarkets assessed the zinc spot concentrate TCs, cif China at $170-190 per tonne on Friday August 28, rising by $5 from the previous range of $165-185 per tonne at the end of July. Offers of zi...Read More
The deal also includes earn-outs based on future performance. IG was formed in Melbourne in 2012 and has a presence in South Africa, Chile and Singapore.Read More