Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
Gold stocks pulled back from multi-year highs in recent days. Is the bull run over, or simply taking a pause before another surge higher?Gold market rallyGold traded for about US$1,300 per ounce at this time last year. The price started to rally in late May and continued to move higher through the summer months of 2019, driven by fears that the trade war between China and the United States would t...Read More
Over the past decade, investing in the top growth stocks is a proven strategy. Growth investors have enjoyed outsized gains, while value investors have been left with few options. Now that markets have retreated from all-time highs, there are several companies that are dual threats. They provide growth at excellent prices. A growth stock is typically defined as one that is growing by an avera...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The London Metal Exchange three-month nickel price sank below$12,000 to close at $11,955 per tonne on Friday May 1, shedding 1.73% of its price after a low turnover of 3,207 lots traded.Base metals prices fell across the complex, with the LME three-month copper price falling 1.57% on Friday to close at $5,110 per tonne, despite a fresh cancellation of 6,600 tonnes across LME-registered wareho...Read More
The Fastmarkets copper concentrate treatment and refining charge (TC/RC) index dropped to its lowest level since the start of 2020 in the week ended Friday May 1. The benchmark index fell to $52.20 per tonne / 5.22 cents per lb on Friday, from $54.90 per tonne / 5.49 cents per lb a week ago. A Los Pelambres tender was awarded to a trader at TC/RCs in the low $40s per tonne during the week. Ahead o...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Key data from Fastmarkets' pricing session in Shanghai, New York and Galway on Friday May 1.China China's domestic prices climbed on a more active spot market, with mills restocking ahead of the Labor Day holiday from May 1-5.Production costs for ferro-silicon will increase...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday May 1.China The rise in UG2 chrome ore prices slowed down after China's major stainless steel mills all raised their ferro-chrome tender prices by a lower-than-expected amount. The imported charge chrome price ticked upward by $0.01 per tonne on improving sentiment and with availability of material f...Read More
An article in Canada's french La Press today announced that Canada had fiished selling off its gold reserves. The last time a country sold their gold it was England at US$275 per ounce in 2002. It turned out to be a bottom (the worst time to sell) as it is now around US$1700 per ounce. Let's see if history repeats itself. I have always been on the record to support assets with no counter party ris...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ending Friday May 1. China Low-grade seaborne manganese ore retreated after last week's jump, hit by disappointing alloy tender prices, softening local alloys futures prices and a weakening ferrous sector. The seaborne 44% index...Read More
Yesterday the gold miner announced the US$460 million acquisition of Lundin Gold's debt and streaming facilities over the newly commissioned, tier one Fruta del Norte (FDN) mine in Ecuador.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Bob Moriarty ArchivesMay 1, 2020I’ve had a few comments lately on the pieces I have been writing about where we stand politically and with the Corona Virus. One complained and said that he loves my comments on markets but I was getting too political.Of course I am. I thought we had two totally different crises on our hands today. Most people only see one, that of the Corona Virus. Obviously...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort287,38224,65344,448114,902408,531446,732477,632Change from Prior Reporting Period 5,119-8,0393,519-1,90611,6506,7327,130Traders20354715959290159 Small Speculators (C) GoldSeek.com LongShortOpen Interest 54,08423,184500,816 9265287,658 non reportable positionsChange from the pr...Read More
By: Ira EpsteinGold market has backed off here. Not pretty on the chart action on gold..Read More
Adam HamiltonArchivesMay 01, 2020 Silver is powering higher in a new bull market after getting clobbered in March's stock panic. Investors have been flocking back to silver in the aftermath of that ultra-rare extreme-fear event. That brutal selloff also utterly wiped out speculators' upside bets in silver futures, giving them massive room to buy back in. After being pummeled to record-low levels r...Read More
The price of containerized ferrous scrap imports into India slumped further this week due to the continued lack of trading under the lockdown conditions in the country, as well as a drop in the global scrap markets, sources told Fastmarkets on Friday May 1.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $259.38 per tonne on Friday, down from $269.13 per...Read More
The Turkish deep-sea scrap import market ended the week with a lower-priced deal coming to light on Friday May 1, in line with market expectations for the direction of prices, sources told Fastmarkets.News of the cargo came to light late on Thursday, with a steel mill in the Iskenderun region buying a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr, and 7...Read More