A summary of miner-producer China Molybdenum Co's results for the six months of 2020, as released on Monday August 31.In brief Revenue for the company's mining and processing business totaled 9.1 billion yuan ($1.3 billion) in the first half of 2020, down by 4.86% year on year. ...Read More

Share this articleAuryn Resources Inc. [AUG-TSX, NYSE American] said Monday August 31 that it has arranged for a bought deal private placement that is expected to raise $22.5 million from the sale of 7.5 million subscription receipts of the company.The subscription receipts will be exchanged for common shares of Auryn concurrently with the completion of Auryn's recently announced plan to acquire E...Read More

Spot cobalt hydroxide payables consolidated last week amid a slowdown in trading activity, with buyers and sellers both unwilling to compromise in order to secure deals. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, held at 76.5-77% of the price for cobalt standard grade (low-end) on Friday August 28. The raw materials price has been unchanged for three consecutive pricin...Read More

No. It isn't.That's crazy.I hopped in an Uber last week and got to talking to the driver, as I so often do. We were talking about the coronavirus pandemic and how it has affected financial markets when he said, "Let me ask you this: Do you think the government is using the coronavirus to justify a coin shortage so they can push a cashless society onto us?"I couldn't help myself - I laughed out lou...Read More

We learned from Steven Turner, Managing Director of Rafaella Resources Limited (ASX:RFR), that they are focused on fast-tracking their wholly-owned Santa Comba tungsten project and are targeting cash flows in 1H 2021. Santa Comba is a past producer, with a well understood resource, great infrastructure, close to deep water ports, which makes the cost of getting back into production quick and very...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index had a quiet week, as it remained in its tight trading range and added 4.61 points to close at 1071.51.MACD fell 1.98 points to -4.02. RSI dropped 3.11 points to 63.66 points.Support is now at 1063.85 (20-day moving average) and 1038.45 (middle Bollinger). Resistance i...Read More

Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More

Members of the World Trade Organization have agreed to the establishment of a dispute panel to review a complaint filed by Turkey regarding the European Union's safeguard measures on imports of certain steel products.The agreement was reached at a meeting of the Dispute Settlement Body (DSB) on Friday August 28, the WTO said.The European Commission (EC) imposed quotas on certain steel imports in F...Read More

Fastmarkets examines the factors affecting the price spread between domestic steel reinforcing bar and shredded scrap over the past two years. Trade, supply factors widen, then tighten spreadWhile rebar and scrap prices tend to be directionally correlated, developments on the trade front helped widen that gap, according to KeyBanc Capital Markets analyst Philip Gibbs."If you look at it over a...Read More

The Brazilian steel industry is operating around 60% production capacity, up from 42% in April when demand was hit the hardest by the Covid-19 pandemic, but still far from the ideal level of 80%, Instituto A??o Brasil said on Friday August 28.At the worst moment of the pandemic, there were 13 halted blast furnaces (BF) in the country, the president of A??o Brasil, Marco Polo de Mello Lopes said du...Read More

Prices for rebar imports into Singapore increased in the week to Monday August 31 due to a recent surge in raw materials prices, market sources told Fastmarkets.Major end users in Singapore denied that there were any transactions by them for imported materials, after talk circulated the market that a trader had sold Turkish rebar to the island state at $465 per tonne cfr Singapore on a theoretical...Read More

For Americans living under coronavirus restrictions, it's a question too rarely asked. In fact it's actively discouraged.Read More

Over the weekend the Centers for Disease Control dropped a bombshell report on coronavirus/Covid deaths: of the approximately 165,000 "Covid deaths" less than ten thousand died from Covid. The rest - a vast majority - had on average 2.6 serious additional diseases, with the addition in most cases of extreme advanced age. Is it time to begin litigating the damage done to the US and the world from t...Read More

Can you buy a house with silver coins? How much silver will it take? They are two of the most common questions we get at GoldSilver.com, tune in to today's update and get Mike Maloney's thoughts on how this could play out.Jeff Clark is editor and lead writer of BIG GOLD, the monthly gold-investment newsletter from Doug Casey's Casey Research. He is also the Senior Precious Metals Analyst at GoldSi...Read More

Money flow is the only thing that can change the price of a stock-supply, and demand. Today's guest advises if you are invested only in a 401(k) to "Run for the hills. You don't want to be fully invested in the stock market."Why does he say this? As you are aware, the world's economic system was on the brink of total collapse in March 2020. The Fed, over the last nine weeks, has had to inject more...Read More

Scott talks to David Stockman about the economic fallout from the coronavirus lockdowns. Stockman points out all the devastation that has already been wrought by the government so far-relating to both the lockdowns and to the rampant stimulus measures meant to address the fallout of the lockdowns themselves. This, Stockman believes, could be the event that triggers the bursting of the bubble that...Read More

A sort of sector rotation of layoffs, and it's not a good sign, even as millions of lower-wage workers are being hired back.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and...Read More

We discuss how fact checkers don't use source documents, the recent CJR article that illustrates how the Gates Foundation funds media and fact checking organizations to gain influence, and the lawsuit filed by Robert F. Kennedy Jr. against Facebook for censorship. Read More

If you don't think things can get even weirder and more uncertain than that, well, they can. I'm not predicting it's going to happen, let me be clear, but we could even end up with President Pelosi. Here's how:Continue...Read More

"This is the first time this has ever happened. I would like to thank the Kingdom of Saudi Arabia for making that possible," Kushner, US President Donald Trump's son-in-lawContinue...Read More