Tesla boss Elon Musk is asking miners to produce more nickel, a key ingredient in the batteries that power his company's electric cars, and has offered a "giant contract for a long period of time" to any firm able to extract it in an efficient, environmentally sustainable manner.Musk noted on a second-quarter earnings call that the high price of batteries continues to be one of the main hurdles fo...Read More
(Bloomberg) -- Elon Musk has a plea for mining companies: "Please mine more nickel.""Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," said Musk, chief executive officer of the electric-carmaker, during a second-quarterRead full newsRead More
A very different-looking oilfield service sector is expected to emerge from the aftermath of the COVID-19 pandemic and ultra-low commodity prices.Read full newsRead More
China's state-owned Sinopharm, one of the first Chinese projects to start testing its Covid-19 vaccine candidates overseas, said it would have a vaccine ready for the public before the end of the year.Read full newsRead More
Congestion at China's east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv data.Read full newsRead More
North Dakota's oil production fell four times faster than the national average between January and May, according to new data. New Mexico's production also plummeted in May.Read full newsRead More
A year ago, you couldn't get Wall Street to touch most gold miners' stocks. Today, it's throwing billions at the industry.Read full newsRead More
The latest company news releases.Read full newsRead More
You’re a veteran investor with years of experience. You’ve seen prime ministers and presidents come and go. You’ve seen recessions and rallies. Your portfolio had been ticking along nicely, balanced across a spread of Canada’s strongest industries and top blue-chip businesses. But then along came 2020. Suddenly, the world was turned on its head. How do you manage that portf...Read More
Canadian broader markets have soared almost 45% after hitting record lows in March. Interestingly, this rally post-COVID-19 crash was not all-inclusive. Some TSX stocks are still trading below their fair values and offer decent upside potential. So, if you are sitting on some cash, consider these three TSX stocks trading at a notable discount.goeasygoeasy (TSX:GSY) is a $750 million consumer lendi...Read More
Jul 24, 2020 It's been a historic week for gold and silver prices. Gold rallied close to nine-year highs, approaching its all-time high of $1,920 an ounce. Silver has also been firing an all cylinders, breaching $23 an ounce this week as it traded near six and a half year highs.Kitco's senior analyst Jim Wyckoff believes that gold's record high is now finally within reach and more gains are likely...Read More
We needed a hero and we got one. Image of Captain Copper, superhero created to teach kids about the metal, courtesy of Chile state miner Codelco The gold price is approaching all-time highs above $1,900 an ounce. Investors are showering gold ETFs with money, which, if ever redeemed for physical bullion, would suck up the output of all the world's gold mines for more than a year.The copper pric...Read More
Gold is within spitting distance of all-time highs, about $100 per ounce shy of $1,920 and change.With the strong rise over the past year, especially after the coronavirus lockdowns kicked in, some investors may be feeling a bit hesitant.Don't be. Don't just listen to me though. Some of the biggest names in the market are lining up behind a surge that will leave the all-time high far behind.From t...Read More
To say we live in a time that will be taught in future history classes is an understatement. Not just because of the pandemic, but because America seems to be a country without a clear path ahead of it. It's a time marked by a divided and dysfunctional federal government. It's a time marked by a shrinking influence on the world stage. It's a time marked by slow but certain change in social norm...Read More
Drill rig at Keno silver project. Credit: Metallic. Metallic Minerals has started up two drills at its wholly owned, 166-sq.-km Keno Silver project in the Yukon Territory's Keno Hill silver district.In the first phase of the program, a reverse circulation rig will test multi-kilometre anomalies discovered last year at the East Keno area. In the second phase, a diamond drill will be used to step...Read More
Camp at the Bornite project, one of the two most advanced of Upper Kobuk Mineral Projects. (Image courtesy of Trilogy Metals) The US Bureau of Land Management has approved the development of the northern route to provide access to the Ambler mining district in northwest Alaska.According to South32 and Trilogy Metals (TSX, NYSE: TMQ), partners in Ambler Metals, the Record of Decision (RoD) appr...Read More
Core samples from Monarch Gold's McKenzie Break gold project in Quebec. Photo Credit: Monarch Gold. Monarch Gold (TSX: MQR) has reported high-grade drill results from the central part of its wholly-owned McKenzie Break gold project, 35 km north of Val-d'Or, Quebec.Highlights from the drill program include drill hole 20-255, which intersected 14 metres grading 13.95 grams gold per tonne starting...Read More
Three-month base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday July 24, with a continued uptrend in the numbers of Covid-19 cases in the US prompting broad risk-off sentiment across the country's trading hours.Disappointing US manufacturing data added further headwinds.Copper's outright price on the LME was the biggest loser on the day, declining by...Read More
The Chinese domestic alumina price fell on Thursday July 23 in response to plans to resume idled alumina capacities and due to a contracting aluminium price on the Shanghai Futures Exchange. Market sources told Fastmarkets 2.1 million tonnes of idled alumina capacity will restart at the end of July while another 1 million is expected to resume in August. The decision to restart the capacity was ta...Read More
Three-month base metals prices on the London Metal Exchange softened during morning trading on Friday July 24, with positive manufacturing data out of Europe and a continued drawdown in LME stocks doing little to stop a complex-wide correction, that saw most metals decline by more than 1%. Leading on the downside this morning, LME nickel's outright price was recently at $13,475 per tonne, notching...Read More