With Chinese markets closed, volume traded on the London Metal Exchange has been light this morning, Tuesday May 4, with 2,368 lots traded as of 6.14am. But the base metals were holding up in high ground with gains averaging 0.7%, led by a 1.1% rise in copper to $9,916.50 per tonne. The US Dollar Index, recently at 91.16, was consolidating off last week's low of 90.42Base metalsThe rallies in the...Read More
The European manganese alloy markets climbed strongly over the week to Friday April 30, propelled by strong spot demand from consumers in the steel sector as well inter-merchant trade.Prices for both silico-manganese and high-carbon ferro-manganese hit ?,?1,300 per tonne delivered at the top of their respective price ranges on Friday, a level last seen in each market more than four years ago in ea...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb 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 standard grade, in-whs Rotterdam, $/lb at 20.40-21.15...Read More
- CK Gold Project Pre-Feasibility Study remains on track for a mid-year release- The program will be designed to assess complete information necessary to work toward a Feasibility Study by the end of 2021 or early 2022- PFS mine planning, metallurgical testing, process design, hydrological, geotechnical, environmental studies and social outreach are ongoingCHEYENNE, Wyo., May 4, 2021 /PRNewswire/...Read More
This week's episode features Agnico Eagle Mines' Q1 2021 conference call with CEO Sean Boyd, who discusses the company's efforts on ESG and coronavirus vaccinations, as well as the latest exploration targets at Hope Bay and Canadian Malartic. He also expands on the company's strategy to 'optimize existing assets' in jurisdictions with low geopolitical risk.Also, Revival Gold president and CEO Hugh...Read More
Tasked with talking about the role of mining in society as part of the opening plenary at this year's virtual CIM convention, Anglo American (LSE: AAL) chief executive Mark Cutifani didn't mince words.With a world population of 7.6 billion that's growing toward 9 billion, "the simple fact is that the world cannot survive without mining and our contribution to literally every aspect of modern life,...Read More
Company dubbed 'the new Randgold'Read full newsRead More
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Mining stocks columnist Mike Kachanovsky says Manganese X has been one of the hottest junior mining stories over the last few quarters.Manganese is an essential mineral element in cathodes for for lithium-ion batteries in electric vehicles.The push towards widespread adoption of electric vehicles (EVs) is putting a strain on supplies of many critical commodities. For example, lithium is essential...Read More
Monday’s trading session saw futures for Canada's main stock edge higher on rising gold prices. As investors wait for a reading on factory activity data and earnings update, it is still early to discuss the pace of economic recovery in Canada and abroad. Gold futures GCc2 gained 0.7% to $1,780.1 per ounce, helped by a pullback in the U.S. dollar and Treasury yields while worries o...Read More
A new tailwind behind the price of gold has investors wondering if this is the right time to buy the miners. Should Barrick Gold (TSX:ABX)(NYSE:GOLD) stock be on your buy list today?Gold price recoveryGold just hit its highest level since February. The move from below US$1,700 per ounce in March to above US$1,800 has gold bugs wondering of the 2020 high around US$2,080 could get taken out by the e...Read More
Is there a crystal ball for investing and stock trading? Many investors follow market trends for tomorrow but not the past. Even veteran investors have used the concept of timing the buying and selling of stocks around future price movements. Timing the market is an investment strategy, although it doesn’t work nearly 100% of the time.If you were to ask the GOAT of investing about one mistak...Read More
Like Warren Buffett, you might have noticed the high inflation that’s upon us. One camp says the high inflation rate is temporary, while the other believes it will be a new trend. Time will tell. In either case, investors can fight high inflation with these three stocks.Fight inflation with gold: Buy Franco-Nevada stockPrecious metals like gold and silver have long been a storage of value an...Read More
It is one thing to get people to do something. It is another to have them keep doing it.Call it recidivism. Call it buyer's remorse. From weight loss to crime, from convenience to addiction. It all looks the same.Sign people on, watch them realize it isn't for them.Tell that to the electric vehicle - especially the purely battery-powered EV - crowd.To be honest, we deal with this all the time arou...Read More
The question I'm (figuratively) asking every company as we emerge from the pandemic is this: What did you learn?No doubt, for a lot of businesses, the coronavirus was an abject disaster. Those that rely on commercial traffic (i.e., airlines, car services) stood no chance.But for others, the pandemic posed a navigable challenge - an opportunity to innovate, adapt, streamline, and ultimately improve...Read More
Bitcoin continues to be a volatile place to invest for Canadian investors. Even though the cryptocurrency continues to trade above $60,000, during the month of April the currency came down from all-time highs. It became just clear how volatile Bitcoin can be after a widespread blackout affected the country.While the blackout was unrelated to bitcoin, it just goes to show that anything digital can&...Read More
President Joe Biden is scheduled to present his American Families Plan today - in which he seeks $1.9 trillion to pay for programs designed to support families and children.Among those programs include at least two years of free community college for adults, paid family leave, providing more affordable childcare, and implementing preschool as a standard in education.To pay for all this, Biden's pl...Read More
While many Canadian companies have reported better-than-expected earnings this season, some TSX stocks have notably failed. Space technology company Maxar Technologies (TSX:MAXR)(NYSE:MAXR) disappointed investors after notably falling short of analysts’ expectations in Q1 2021. MAXR stock plunged 26% on May 4. TSX stock Ballard Power Systems (TSX:BLDP)(NASDAQ:BLDP) fell 20% after reporting w...Read More