Pure Gold's Red Lake mine site. Image from Pure Gold Mining. PureGold's Red Lake mine is expected to pour first gold in the fourth quarter of this year as development progresses ahead of schedule.The company has purchased 95% of the major equipment items for the site and completed 1,285 metres of underground development, at an advance rate that is 60% ahead of the mine plan. PureGold is focusing...Read More
It's finally happened: this turbulent market has claimed an actual life.A 20-year-old college student committed suicide after racking up a massive debt using the trendy stock-trading app Robinhood. If you aren't familiar, Robinhood makes it incredibly easy and fun to invest on your phone. It even pops confetti when you make trades.It's like a video game, but with actual money.Alexander E. Kearns t...Read More
Shanghai freeway. Image by Silentpilot from Pixabay. Is it the pandemic we had to have? For decades, if not centuries, Mother Nature has been copping a hammering at the hands of humans. As covid-19 tightened its grip on the globe and forced some of our most polluting industries to halt, we've seen miraculous happenings. Take the reports from India about being able to see the Himalayas clearly fr...Read More
Electric car lithium battery pack and power connections. Stock Image. The demand for raw materials used to manufacture rechargeable batteries for electric vehicles (EVs) will grow rapidly as the importance of oil as a source of energy recedes, according to a new United Nations Conference on Trade and Development (UNCTAD) report.According to UNCTAD, ongoing efforts to lower greenhouse gas emission...Read More
First Cobalt currently owns the only fully permitted cobalt refinery capable of producing battery-grade material in North America. Credit: First Cobalt Corp. First Cobalt (TSXV: FCC) has taken further steps to strengthen its environmental, social and corporate governance (ESG) practices by joining the Cobalt Institute as an associate member.The Cobalt Institute is the forum for global cobalt mark...Read More
SMB is the DRC's top coltan exporter. (Image courtesy of Soci?(C)t?(C) Mini??re de Bisunzu.) A violent attack to Soci?(C)t?(C) Mini??re de Bisunzu's (SMB) coltan mine in the Democratic Republic of Congo has killed three and injured another three workers, amid an increase of attacks to mining operations in the country's mineral-rich eastern region.It remains unclear what happened at the mine, as...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 24 that are worth another look.The threat of Section 232 tariffs on aluminium imports from Canada into the United States has, like the great white shark following the Brody family in the universally panned film, 'Jaws: The Revenge,' returned - akin to a truly awful horror movie franchise.The Materials Services trading arm of...Read More
Nickel premiums in all regions traded flat in the week ended Tuesday June 23, with demand for the metal being weak in all global markets.Negative arbitrage between the London Metal Exchange and Shanghai Futures Exchange kept China trade subduedUptick in European briquette inquiries on SHFE deliverability from October failed to result in higher premiumSubdued spot trade steadied US nickel premiums....Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: Poised for a technical breakoutFears over a second wave of Covid-19 continue to grow, forcing prices of aluminium and the other base metals to take a pause. Our base-case scenario is that countries will respond more efficiently to contain the virus spread, so economic activity and metal demand should continue to r...Read More
The IMF said the pandemic had a more negative impact on activity in the first half of 2020 than anticipated.It's projected global growth at -4.9% for this year, and -8% in advanced economies, both 1.9 percentage points below the forecasts in its April World Economic Outlook.It also expected a cumulative loss to the global economy from the pandemic crisis of more than US$12 trillion over 2020 and 2...Read More
Whether sellers of shares in iron ore miners have got it right will become clearer in the next few weeks as a silent battle is waged between investors desperate for a better yield on their funds andRead More
Here are five Fastmarkets stories you might have missed on Wednesday June 24 that are worth another look.The threat of Section 232 tariffs on aluminium imports from Canada into the United States has, like the great white shark following the Brody family in the universally panned film, 'Jaws: The Revenge,' returned - akin to a truly awful horror movie franchise.The Materials Services trading arm of...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that the Company has received two purchase orders valued at $625,000 from a leading distributor servicing US Tier 1 cellular operators for its Uniden (R) UV350 4G/LTE in-vehicle device and additional accessories.Marc Seelenfreund, CEO of Siyata Mobile states, "Growing our...Read More
The South African Police Service (Pretoria) said the Provincial Organised Crime Unit had arrested the three suspects, aged between 28-38, on Sunday night.Read More
Stewart Thomson, Graceland Updates 1. With a new tail wind of significant ETF tonnage growth, gold bullion continues to sport the best charts of all the major asset classes.2. Please click here now. Double-click to enlarge. The $1800 area is significant resistance and gold arrived at this resistance zone as its weak price season began. 3. Rather than selling of...Read More
By: Ira EpsteinGold in an up thrust. Gold at a new high close, highest level since 2012:Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 24 that are worth another look.The threat of Section 232 tariffs on aluminium imports from Canada into the United States has, like the great white shark following the Brody family in the universally panned film, 'Jaws: The Revenge,' returned - akin to a truly awful horror movie franchise.The Materials Services trading arm of...Read More
Export prices for Japanese steel scrap fell heavily over the past week with exporters reducing rates to stimulate fresh bookings, market sources told Fastmarkets on Wednesday June 24.Asian buyers shunned Japanese scrap offers last week, citing the fact that prices were too high, and instead concentrated on booking material from other sources such as the United States West Coast.Fastmarkets' price...Read More
The Turkish deep-sea scrap import market remained quiet on Wednesday June 24, with mills continuing to push for lower prices due to weakening finished long steel demand, sources told Fastmarkets.Seel producers in the country have been staying away from deep-sea scrap purchases since the beginning of last week, when demand for rebar, especially in the local market, started to weaken.Prices for...Read More