The price of gold is starting to recover from a recent pullback, but gold stocks are not rebounding as much as one might expect and still appear undervalued today.Gold outlookGold trades near US$1,790 per ounce at the time of writing. The price of the yellow metal hit a record high around US$2,080 last August and fell back below US$1,700 in March. Since then gold has been as high as US$1,900.Gold...Read More

Those worried about a potential market correction or crash certainly have reason to view the markets in a skeptical way.Indeed, valuations are nearing all-time highs on various metrics. And some investors are rightly becoming concerned with just how steeply valued the market is right now relative to historical levels.On this basis, the search for value stocks is on. Here are two of the top value s...Read More

Barrick Gold (TSX:ABX)(NYSE:GOLD) shares have been under considerable pressure over the past several months, as gold prices slid. Undoubtedly, gold has been quite the volatility asset of late, rallying over 10% between March and June, only to plunge nearly 8% in a matter of weeks.While there’s not yet enough data to conclude that gold and its miners have a negative correlation with cryptocur...Read More

While the Canadian stock market bounced back strongly on hopes of a revival in the economy, plenty of high-quality stocks are trading cheap and are well within reach. So, if you are looking for cheap stocks to buy now, consider these three Canadian stocks priced under $30. Algonquin Power & Utilities Speaking of high-quality, cheap (under-$30) stocks, Algonquin Power & Utilities&...Read More

The price of gold is set to record its worst month since 2016.But the pieces are still in place for a major bull run.Gold prices have shed more than 7.5% this month, dipping below $1,750 an ounce yesterday. Prices have largely been pulled down following mid-June's FOMC meeting, where board members projected raising interest rates earlier than previously forecasted.Gold - One Month Thirteen of the...Read More

Russia-origin aluminium will carry an export duty of 15% with a minimum rate of $254 per tonne from August 1 until December 31 this year, according to the Russian government.Export duties have been approved on 340 non-ferrous and steel products, after Russian Prime Minister Mikhail Mishustin signed an official decree on Friday June 25.Primary aluminium, under harmonized system code 760110, will al...Read More

Base metals price movements on the London Metal Exchange were mixed during trading on Monday July 5, with copper and tin making the best showings among the complex.Copper's three-month price rallied upward by more than $130 per tonne during Monday's trading, to $9,511 per tonne at the 5pm close, from $9,376.50 per tonne on Friday, despite only 12,404 lots being traded during the day.While the stro...Read More

Kalidas Madhavpeddi has been appointed as the new chairman at Glencore, the commodities company announced on Monday July 5.Madhavpeddi will take over from retiring chairman Tony Hayward on July 30. Currently non-executive director of Novagold Resources Inc, Trilogy Metals Inc and Dundee Precious Metals Inc, Madhavpeddi has more than 40 years of experience in the international mining...Read More

Jack ChanPosted Jul 5, 2021Gold sector as represented by $HUI is on a long-term SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. The 167k bottom and now the 215k top suggest that these are not bull market speculative values. Bull market values should b...Read More

The latest data for the global manganese ore market for the week ended July 2, 2021.Read More

The junior is looking to raise £6.2 million at 5.5p per share for exploration at its assets across Arizona and Nevada.Read More

Seaborne high-grade manganese ore prices rallied for a third consecutive week on Friday July 2 with deals concluded at higher levels, while the seaborne low-grade market held amid thin liquidity ahead of a new round of offers from miners in South Africa.The high-grade manganese ore market rose as a result of buyers booking August-shipment material at higher prices compared with the previous month....Read More

The Fronterizo, Muga and Goyo concessions have been approved, signed, and sealed, meaning Highfield can kick off its long simmering construction plans at last.Read More

Base metals production in Peru increased significantly year-on-year during May due to the strong effects of the Covid-19 pandemic in 2020, but figures were also up on a monthly basis on better performances by the largest mines, the country's ministry of energy and mines, Minem, said on Friday July 2.Copper output totaled 195,999 tonnes in May, up by 52.63% from 128,412 tonnes in the corresponding...Read More

Tantalum concentrate continues to gain price support amid pressing demand for consumer electronics goods and the global extent of shipping delays, which have incentivized primary tantalum producers in Central Africa to raise their output over the past month, Fastmarkets heard on Monday July 5.Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China, at $87-90 per lb on June 2, i...Read More

Kalidas Madhavpeddi has been appointed as the new chairman at Glencore, the commodities company announced on Monday July 5.Madhavpeddi will take over from retiring chairman Tony Hayward on July 30. Currently non-executive director of Novagold Resources Inc, Trilogy Metals Inc and Dundee Precious Metals Inc, Madhavpeddi has more than 40 years of experience in the international mining...Read More

Fastmarkets invited feedback from the industry on the pricing methodology for steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan, $/tonne (MB-STE-0464), via an open consultation process between June 1 and July 1, 2021.This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period and therefore no...Read More

Base metals, iron ore, rebar and precious metal prices on the Shanghai Futures Exchange were up across the board this morning, Monday July 5, with all the base metals, apart from lead, also higher on the London Metal Exchange.Markets taking comfort from Friday's US employment report. Markets likely to be quiet with the United States celebrating Sunday's Independence DayBase metalsLME three-month l...Read More

Key data from the Friday July 2 pricing session in China.Key driversChina's spot domestic cobalt metal price maintained its upward momentum on Friday July 2, driven by continuing bullish sentiment and rising local future prices. Sellers succeeded in concluding small-volume deals at higher levels because some buyers with immediate needs started to restock to avoid further price increases.The rising...Read More

China's nickel sulfate price rose in the week ended Friday July 2, supported by a continuous shortage of mixed hydroxide precipitate (MHP) due to strong demand from the electric vehicle (EV) market, but sentiment has turned cautious amid the elevated price levels.Fastmarkets' weekly price assessment for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 34,500-35,000 yuan ($5,329-5...Read More