An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More
Stainless steel prices in the United States rose in tandem with higher surcharges, while sources reported customer demand levels that ranged from weak to steadily improving.Fastmarkets' price assessments for stainless steel 304 cold-rolled sheet, fob mill US and for stainless steel 304L cold-rolled sheet, fob mill US both rose by $3.50 per hundredweight to $121 per cwt and $123 per cwt respectivel...Read More
The price of austenitic stainless steel scrap in the UK domestic market eased this week on lower nickel costs, sources told Fastmarkets on Friday September 11.Fastmarkets' weekly price assessment of stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?830-860 ($1,073-1,111) per tonne on Friday, down by ?10-20 from ?850-870 per tonne a week ago.Three-month nickel on the London...Read More
Argonaut Gold (TSX: AR) has struck a deal to sell its Ana Paula gold project in Mexico's Guerrero state just a few months after acquiring the gold property through its merger with Alio Gold, which closed in July.Under the sales agreement, Argonaut will receive US$30 million upon closing, a further US$10 million upon the start of construction, a 1% net smelter return royalty and 9.9% of the common...Read More
An emergent preference for United States-origin scrap dissipated in the week to Friday September 11 after sellers in the West Coast region raised offers by as much as $15-20 per tonne, according to market sources.Bookings of Japanese material continued this week even after the Kanto Tetsugen auction closed $20 per tonne higher on Wednesday September 9.Transactions were concluded at $310 per tonne...Read More
De Beers, the world's largest diamond producer by value, revealed today that it made about three times as many sales of roughs in the seventh sales cycle of the year as it did in the previous event.The Anglo American unit, which sells diamonds to a handpicked group of about 80 buyers ten times a year at events called sights, sold US$320 million worth of rough diamonds in the seventh cycle. That co...Read More
BMO Capital Markets forecasts gold prices will rise by 8-16% during the 2021-2024 period, and average above US$1,800 per oz. through 2023, it announced in a research note today.Average silver prices will increase to US$27.60 per oz. in 2021, up 49% from its previous estimate.The bank hasn't changed its long-run price expectations, however, and maintains its price targets of US$1,400 per oz. gold a...Read More
Rio Tinto (NYSE: RIO; LSE: RIO) CEO Jean-S?(C)bastien Jacques will step down by the end of March next year over a mounting backlash against the company's decision to destroy ancient Aboriginal heritage sites in Western Australia.The world's second-largest miner said two other senior executives - iron ore boss Chris Salisbury and corporate affairs head Simone Niven, who had responsibility for Indig...Read More
Mag Silver (TSX: MAG; NYSE-AM: MAG) has signed an option agreement to acquire 100% of the Deer Trail project in Utah, a carbonate replacement deposit (CBD) that was intermittently mined for high-grade silver, gold, lead, zinc and copper sulphides until 1985, when the mine closed.The 56-sq.-km project encompasses the historic Deer Trail mine and the adjoining Alunite Ridge area, 2-6 km to the west,...Read More
Moneta Porcupine Mines (TSX: ME) has released a positive preliminary economic assessment (PEA) for the South West deposit at its Golden Highway project, near Timmins, Ontario.The study outlines a 1,750-tonne-per-day underground mine that would produce an average of 76,000 oz. gold per year over a mine life of 11 years at all-in sustaining costs (AISCs) of US$747 per ounce. Mining would be via ramp...Read More
FPX Nickel (TSXV: FPX) has released the results of a preliminary economic assessment (PEA) on the Baptiste nickel project in the company's Decar nickel district, in B.C., which, according to Martin Turenne, the company's president and CEO, "establishes Baptiste as a premier large-scale nickel project."The study suggests a 35-year, 120,000-tonne-per-day open-pit operation, with an onsite magnetic s...Read More
Sep 10, 2020 (Financial News Media via COMTEX) --FN Media Group Presents Oilprice.com Market Commentary London - August 27, 2020 - What do the founders and...Read full newsRead More
"Where are you going to find experienced lithium miners? That's like finding unicorns," laughs James Brown, the managing director of Western Australian resources firm Altura Mining. Brown is the next best thing. Hailing from a family five generations deep in coal mining, the burly Queenslander never imagined he'd be applying his expertise to digging out a key building block of a low-carbon economy...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, f...Read More
Time Stamp References:0:51 - Repo market failure and coverup.2:35 - Credit markets and liabilities.5:20 - Requirements to revalue gold in USD.6:10 - US gold reservers and audits.7:15 - China and it's fiat history.8:30 - Dollar is the mirror image of gold.10:35 - Comex and delivery demand.11:45 - Whats pushing silver higher.12:50 - Comex failure in progress.13:30 - What a monetary reset could look...Read More
Months ago we detailed an incredibly scary and Orwellian tool in the local police arsenal known as a "geofence warrant". As describedContinue...Read More
"There's no way to hack logic."Read More
It's not time to buy yet, but be patient and wait for the correction to run its course. It will be time to buy soon enough. Continue...Read More