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China's reserves sell-off to "put a lid on prices in the near term"

June 23, 2021 / bit.ly

'We then expect a rally'Read full newsRead More

FPX Nickel has its sights on developing one of the world's top 10 #nickel mines

June 23, 2021 / ca.proactiveinvestors.com

The company's Baptiste nickel deposit in British Columbia has an estimated 35-year mine life with significant expansion potentialRead full newsRead More

Analysts Expect These 3 TSX Gold Mining Stocks to Jump 70% in a Year

June 23, 2021 / dlvr.it

Here are three Canadian gold stocks that Bay Street analysts expect to rise by nearly 70% return within a year. The post Analysts Expect These 3 TSX Gold Mining Stocks to Jump 70% in a Year appeared first on The Motley Fool Canada.Read full newsRead More

Nord Gold Postpones London IPO Amid Sector Uncertainty

June 23, 2021 / dlvr.it

By Sabela Ojea Nord Gold PLC said Tuesday that it has decided to postpone its initial public offering on the London Stock Exchange. The Russian gold-mining...Read full newsRead More

Congo seizes gold worth $1.9 million in Okapi wildlife reserve

June 23, 2021 / dlvr.it

Congolese authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year.Read full newsRead More

These 2 Top TSX Gold Stocks Are Ready for a Breakout

June 24, 2021 / www.fool.ca

Investing in gold has proven to be a prudent strategy in recent years. During the pandemic, gold stocks continued to outperform last year. However, of late, these stocks have not performed as well as many would have expected last summer.That said, precious metals and the gold miners supporting this sector have once again taken off. It appears sentiment is shifting again toward inflation hedges. An...Read More

2 TSX Stocks to Buy As Canadian Exporters’ Confidence Jumps to 20-Year High

June 24, 2021 / www.fool.ca

Canadian stocks continue to make new record highs in June as the economic reopening and rising economic activities boost investors’ confidence. According to the latest Export Development Canada data released on June 24, Canadian exporters’ confidence is currently at its highest level in more than 20 years. This positive development came nearly a year after the exporters’ confiden...Read More

Is Barrick Gold Stock Too Cheap to Ignore?

June 24, 2021 / www.fool.ca

Barrick Gold (TSX:ABX)(NYSE:GOLD) is a top Canadian gold stock on the TSX Index. The share price is well off the 2020 high, and investors with a bullish view on the price of gold wonder if Barrick Gold stock is undervalued and a good buy right now.Barrick Gold turnaroundBarrick Gold is firmly on the path of returning to its roots when the company was nimble and focused on free cash flow rather tha...Read More

IN CASE YOU MISSED IT: 5 key stories from June 24

June 25, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More

ENERGY TRANSITION: Investment in expanding supply chains critical, US government official says

June 25, 2021 / www.metalbulletin.com

Much greater investment is needed to expand supply chains to secure critical minerals and expand manufacturing in key materials needed for the energy transition, according to the Acting Undersecretary for Science and Energy at the United States Department of Energy.These investments must ensure sustainable production, refining, and recycling capacity domestically, while ensuring strong environment...Read More

LIVE FUTURES REPORT 24/06: LME prices edge up; only copper closes lower

June 25, 2021 / www.metalbulletin.com

All base metals prices on the London Metal Exchange, except for copper, finished slightly higher on Thursday June 24, with the recovery continuing after last week's decline while the US Dollar Index consolidated on low ground to lend support to the complex.Nickel led the way on the LME, rising by 1.9% at the close of trading on Thursday to $18,407 per tonne, up from its Wednesday closing price of...Read More

Chart In FocusTin Has a Message For the Dollar

January 01, 1970 / www.321gold.com

McClellan Financial Publications, IncPosted Jun 24, 2021Jun 17, 2021The US Dollar Index is headed for a multi-month uptrend, if you can believe the message from tin prices. Tin is an industrial metal, used in electronics and for making corrosion resistant coatings for other metals.Demand for it, and thus pricing, is very sensitive to the strength of the global economy.Even more interesting, it has...Read More

FOCUS: European Ti markets could fall in near term

June 25, 2021 / www.metalbulletin.com

Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.While most industry ferro-titanium suppliers reported fairly stable prices this week, they also said trading activity has been quiet, much like the rest of the current quarter. Steelmakers tol...Read More

Ferro-molybdenum succumbs to profit-taking after rally to 10-yr high

June 25, 2021 / www.metalbulletin.com

Ferro-molybdenum prices dropped on Wednesday after a number of market participants took profits following a six-week rally in which prices jumped as much as 78% and hit a series of 10-year highs, sources said.Fastmarkets assessed the price for ferro-molybdenum 65% Mo min, in-whs Rotterdam at $47-48.50 per kg on Wednesday June 23, down by 3.6% from $49-50 per kg on June 16.This represented a steepe...Read More

BHP to double base metals exploration budget

June 24, 2021 / www.mining-journal.com

"Over the years we believe we have spent less than we should be spending on exploration," Tyler told Reuters.Read More

China's domestic stainless steel market strengthens on mills' higher list prices

June 25, 2021 / www.metalbulletin.com

China's domestic stainless steel prices rose to their highest in four-and-a-half years over the past week after producers made upward adjustments to their list prices.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 16,900-17,500 ($2,609-2,701) per tonne, up by 300 yuan per tonne Prices were last at these levels in December 2016, according to Fastmarkets' data.High productio...Read More

IN CASE YOU MISSED IT: 5 key stories from June 24

June 25, 2021 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More

ENERGY TRANSITION: Investment in expanding supply chains critical, US government official says

June 25, 2021 / www.metalbulletin.com

Much greater investment is needed to expand supply chains to secure critical minerals and expand manufacturing in key materials needed for the energy transition, according to the Acting Undersecretary for Science and Energy at the United States Department of Energy.These investments must ensure sustainable production, refining, and recycling capacity domestically, while ensuring strong environment...Read More

FOCUS: European Ti markets could fall in near term

June 25, 2021 / www.metalbulletin.com

Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.While most industry ferro-titanium suppliers reported fairly stable prices this week, they also said trading activity has been quiet, much like the rest of the current quarter. Steelmakers tol...Read More

DAILY STEEL SCRAP: Fresh US cargo deal ends silence in Turkey

June 25, 2021 / www.metalbulletin.com

Turkish steel mills have broken their silence in the deep-sea scrap import markets with a fresh US cargo sold at a slightly lower price, market sources said on Thursday June 24.A steel mill in the Izmir region booked a United States-origin cargo, comprising 10,000 tonnes of HMS 1&2 (80:20) at $499 per tonne, 16,000 tonnes of shredded and 2,000 tonnes of bonus at $519 per tonne cfr....Read More

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