AngloGold Ashanti (NYSE: AU) has appointed former BHP executive Alberto Calder??n as its new CEO, ending almost a year without a top boss, after Kelvin Dushnisky's sudden departure last July.Calder??n, a 61-year-old Colombian with more than two decades of executive experience in the mining sector, will be starting his new role on Sept. 1, the company said.A junior minister in a government that f...Read More
Colossal pandemic spending by governments worldwide over the past 18 months has meant inflation is back in the news, as is gold contained in pyrite following publication of academic research in Australia.Most prices rise over time. Inflation has been especially destructive in the U.K. over the past 750 years, with the Bank of England calculating that ?1 in 1270 had a purchasing-power equivalent o...Read More
Also former CEO of Cerrejon coal operationRead full newsRead More
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Saudi Arabia and Russia fail to convince UAE to back down on production targetsRead full newsRead More
Stocks Analysis by Plunger (Burt Coons) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Plunger (Burt Coons)'s latest article on Investing.comRead full newsRead More
Royal Gold, Inc.'s RGLD wholly-owned subsidiary, Royal Gold AG., has entered into an agreement with Ero Gold Corporation to purchase gold stream from the latter's NX Gold Mine located in Brazil. The agreement came into effect on May 1, 2021, and deliveries are accrued from that date. Royal Gold will purchase 25% of the mine's gold production until 93,000 ounces have been delivered and 10%, thereaf...Read More
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VANCOUVER, BRITISH COLUMBIA TheNewswire - July 6, 2021 US NewrangRead full newsRead More
In late 2019, I’d suggested that gold had the potential to rise above US$2,000/ounce. I’d like to say that I predicted a coming generational pandemic, but the call was based on trade tensions and the impacts of loose monetary policy. Today, I want to discuss why the yellow metal is undervalued in the early summer. Let’s jump in.What is behind gold’s rise and fall since the...Read More
Finding undervalued stocks is the goal of most investors. Indeed, in any market, picking stocks holding great value is the recipe for success. Whether you’re after Warren Buffett-like returns or simply seeking to build a decently performing portfolio that lasts, value is an important attribute to consider.In this article, I’m going to highlight two stocks I think hold tremendous value...Read More
Canadian stocks have started Q3 2021 on a slightly positive note after staging a massive rally in the previous five quarters in a row. As of July 6, the S&P/TSX Composite Index has risen by 0.7%. This could be the right time for investors to diversify their portfolios by adding some fundamentally strong stocks from different industries. Here are five top Canadian stocks that you can buy to div...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 7 that are worth another look.Automotive production in Brazil rose by 69.58% in June over the corresponding month in 2020, on the industry's recovery from stoppages called during the Covid-19 pandemic last year, automakers' association Anfavea said on July 7....Read More
Prices of most base metals rose slightly on the London Metal Exchange on Wednesday July 7 but with aluminium bucking the trend, going down by 1.2%.The LME three-month copper contract ended the trading session at $9,455 per tonne at 5pm, up by 1.5% from Tuesday.Investors in the red metal were dip-buying on Wednesday after its price dropped on Tuesday in a knee-jerk reaction to negative macro-econom...Read More
Premiums in the United States and Europe continued to rise in the week ending Tuesday July 6 with news that the Russian government will impose export duties continuing to fuel bullish sentiment.US Midwest at new all-time highRussian export tax pushes Rotterdam up againWait and see approach in AsiaUS Midwest premium sets new high againFastmarkets assessed the aluminium P1020A premium, ddp Midwest U...Read More
The strong ferro-chrome market in Asia and high consumption rates in Europe continued to support Europe's ferro-chrome markets in the week ending July 6.Indian ferro-chrome producers preferred to ramp up their offer prices into Europe rather than compete for sales, which supported prices.Fastmarkets' price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe r...Read More
The spot gold price was about US$1,805/oz just before 10am London time on Wednesday morning.After surging to a new high for the seventh consecutive session on Friday, the S&P 500 slid 0.2% on Tuesday as talk of a wider correction began to circulate.US stocks fell after the Institute for Supply Management revealed service sector activity was 60.1% in June, down three percentage points from May...Read More
Xinfa group's alumina refinery in Xiaoyi city, Shanxi province closed an operation line with a capacity of 1.2 million tonnes per year last week due to a bauxite shortage, several sources told Fastmarkets on Wednesday July 7.The refinery has a total capacity of 3.6 million tonnes and has run at full capacity since May.Xin'an Chemical alumina refinery, a subsidy of Hangzhou Jinjiang group located i...Read More
Iron ore pellet production for the June quarter amounted to 2.8 million tonnes, down 0.8% year-on-year, with high-quality pellets (65% Fe and 67% Fe) marking 100% of total output.Read More
Prices in the China ferro-chrome market rose further during the week to Tuesday July 6, as a result of higher alloy tender prices being released and indications the market is tightening under electricity restrictions in key producing regions.Stainless steel producer Tsingshan Group raised its tender price for July-delivery high-carbon ferro-chrome by 950 yuan ($146.80) per tonne, or 12.76%, to 8,3...Read More