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MORNING VIEW: Markets mixed despite stronger Chinese manufacturing data

August 04, 2020 / www.metalbulletin.com

The metals and equity indices were mixed this morning, Monday August 3, with numerous crosscurrents affecting the markets.Data this morning showed China's Caixin manufacturing purchasing managers' index (PMI) climbed to 52.8 in July from 51.2 a month earlier, while Japan's manufacturing PMI rebounded to 45.2 from 42.6 over the same comparison. But the continuing spread of the Covid-19 in the world...Read More

AT A GLANCE: Covid-19, automotive downturn hit Umicore H1 revenues

August 04, 2020 / www.metalbulletin.com

A summary of Belgian battery materials company Umicore's results for the first six months of 2020, as stated in its half-year report published on Friday July 31.In brief Revenues from the Energy & Surface Technologies division were down by 8% year-on-year in the first half of 2020, to ?,?557 million ($656 million), due to the effect of the Covid-19 pandemic on sales of electric vehicles (EVs). Ear...Read More

Global trade slowdown causes South Africa container shortage

August 04, 2020 / www.metalbulletin.com

The Covid-19 pandemic has hampered global trade in an unprecedented way, with countries across the world imposing trade restrictions in their attempts to contain the spread of the virus, and with production and consumption being scaled back due to the weakened economic activity.As a result, world trade volumes showed a decrease of nearly 17% in the first five months of 2020, according to the lates...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

August 04, 2020 / www.metalbulletin.com

The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

August 04, 2020 / www.metalbulletin.com

The cobalt standard grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $13.90-14.35/lb on Monday August 3, 2020. ...Read More

Investment interest, reduced output push China bismuth price up

August 04, 2020 / www.metalbulletin.com

China's domestic bismuth price has maintained its strong market level in a tight spot market, after picking up in mid-July, trading sources said.Fastmarkets' weekly price assessment for bismuth 99.99% Bi min, in-whs China was at 37,000-38,500 yuan ($5,306-5,521) per tonne on Friday July 31, up by 1,500 yuan per tonne or 4.1% from 36,000-36,500 yuan per tonne a week earlier. Market participants ha...Read More

RESEARCH: Key takeaways from the latest Stainless Steels market tracker

August 04, 2020 / www.metalbulletin.com

The latest forecast from Fastmarkets' team of analysts is ready to view.As we enter the summer season across the northern hemisphere, almost half a year has passed since the Covid-19 pandemic began to seriously affect Europe and the United States.One would not really be able to tell that such a dramatic event had occurred by looking at stainless steel prices, however, because they are more or less...Read More

Rio's challenge: Building Simandou and eight new Oz mines at the same time

August 03, 2020 / www.mining-journal.com

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyLithium no quiet place for AVZSPONSOREDavz mineralsScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources The answer is a word not used for some time: sequencing.Read More

RT @staunovo: #India's fuel demand loses steam in July: Industry data #oott

August 03, 2020 / timesofindia.indiatimes.com

India Business News: India's refined fuel consumption in July slipped from June, according to preliminary industry data, indicating slower industrial activity as high retaRead full newsRead More

RT @staunovo: Jet fuel demand outlook sours after fleeting market optimism #oott

August 03, 2020 / www.reuters.com

Stephanie Kelly, Koustav Samanta, Bozorgmehr SharafedinRead full newsRead More

My Top Gold Stock to Buy in August

August 03, 2020 / dlvr.it

The days are getting hotter -- and so is the market's interest in the yellow metal.Read full newsRead More

Gold and gold mining stocks are entering a strong seasonal phase

August 03, 2020 / dlvr.it

(Kitco commentary) - You may have heard that gold typically rallies seasonally from the middle of the year. This trend is driven by jewelry demand, which increases ahead of the Christmas business, the Indian wedding season and the Chinese New Year celebrations on the back of advance purchases by jewelers, which tend to put upward pressure on prices.Read full newsRead More

Gold Surge Adds $3 Billion to Three Family Fortunes

August 03, 2020 / dlvr.it

(Bloomberg) -- Tech and pharma may be getting the attention these days, but three mining billionaires are quietly padding their fortunes with an investment that's decidedly more old school.Saudi Arabia's Mohammed Al Amoudi and Russia's Alexander Nesis and the family of Suleiman Kerimov have the largestRead full newsRead More

Market Extra What does a stratospheric rally for gold mean for the stock market?

August 03, 2020 / www.marketwatch.com

The rush for bullion, unsurprisingly comes amid the worst public-health crisis in generations, but what does the climb in the centuries-old haven asset mean...Read full newsRead More

Apple briefly overtakes Saudi Aramco to become the world's largest company --

August 03, 2020 / www.kitco.com

Market NewsRead full newsRead More

Kinross Gold (TSX:K) Is up Over 100%: Is There More Upside?

August 04, 2020 / www.fool.ca

The global equity markets have been highly volatile this year amid the uncertainty created by the pandemic. The outbreak of COVID-19 had led to a slowdown in economic activities across the world. So, the central banks in the United States and Canada had lowered the interest rates to boost the economy. The lower interest rates have also reduced the yields on bonds and debts, thus making them less a...Read More

Attention Investors: A Top Gold Stock to Buy for Dividend Growth and Safety

August 04, 2020 / www.fool.ca

Are you looking to increase your dividend income today? Well, I’m here to tell you that dividend growth stocks are not a thing of the past. Many gold stocks are awash in cash these days. Read on for the gold stock with the strongest dividend growth profile and the best investment case to buy.Today, the world is in the midst of the crisis of a lifetime. The coronavirus pandemic has touched ev...Read More

AME calls for submissions for MinEx Talks

August 04, 2020 / www.mining.com

The Association for Mineral Exploration (AME) is accepting submissions for AME MinEx Talks.AME MinEx Talks are formatted as short, inspirational TED Talks-style of approximately 12-15 minutes in length, aiming to leave the audience inspired and ready for dialogue.Topics still available for submission are:Social LicenseModern Financing/Finance TrendsEnvironmental, Health & Safety InnovationTechnolo...Read More

Is gold's price momentum sustainable? What's needed next

August 01, 2020 / www.kitco.com

Aug 04, 2020 Guest(s): Steven Dunn Head of ETFs, Aberdeen Standard Investments In order for gold prices to move much higher, substantially more stimulus would be needed from the Federal Reserve, according to Steve Dunn, head of ETFs of Aberdeen Standard Investments. "Is a $1 trillion enough? I would suggest that the market has already priced in something along those lines. Would $3 trillion be d...Read More

RPMGlobal teams up with Australia's Testlab to advance mining standards

August 04, 2020 / www.mining.com

Mining interoperability. Credit: RPMGlobal. RPMGlobal has partnered with the University of Western Australia's (UWA) Energy and Resources Digital Interoperability Industry 4.0 (ERDi i4.0) Testlab and Enterprise Transformation Partners (ETP) to help advance standards-based interoperability for the mining industry.Under the partnership, RPMGlobal will collaborate on the AMIRA P1208 Enabling Inter...Read More

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