The S&P/TSX Composite Index rose 0.93% to finish the August 2-6 trading week at 20,475.40. The Global Mining Index fell 2.64% and the S&P/TSX Global Base Metals Index dropped 1.11%. The S&P/TSX Global Gold Index lost 4.42% to 295.18 and spot gold fell US$50.70 to US$1,763.10 per ounce.Nutrien jumped 56 ? to $74.74 per share. The company announced that it had signed a collaboration agreement with E...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesCashed-up Karora is doubling gold production at a blistering paceSPONSOREDkarora resourcesZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsMining and the lack of external investmentSPONSOREDswannCracks in the iron ore market, which first appeared last month, have widened alarmingly with the price of the steel-mak...Read More
The Dow Jones Industrial Average gained 273.04 points or 0.78% to 35,208.51 during the Aug. 2-6 trading week and the S&P 500 rose 41.26 points or 0.94% to 4,436.52. Spot gold fell US$50.70 to US$1,763.10 per ounce.Intrepid Potash posted the biggest gain - climbing US$4.00 per share to US$34.30 per share. The company reported second-quarter net income of US$19.5 million, or US$1.46 per share, a gro...Read More
The S&P/TSX Venture Composite Index rose 0.02 points or 0.002% in the August 2-6 trading week. Spot gold fell US$50.70 to US$1,763.10 per ounce.Shares of Filo Mining jumped $1.02 to $10.89. The junior reported drill results from its 100%-owned Filo del Sol project in Argentina's San Juan province. Drillhole FSDH049 returned 425.3 metres grading 91.5 grams silver per tonne, 0.42% copper and 0.44 gr...Read More
Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.Read full newsRead More
The owner of an inactive southwestern Colorado mine that was the source of a disastrous 2015 spill that fouled rivers in three Western states has sued the U.S. government, seeking nearly $3.8 million in compensation for using his land in its cleanup.Read full newsRead More
Kyrgyzstan's nationalization of Centerra Gold's large mining operation is one of the most brazen moves in recent years by a country to assert control over valuable natural resources, mining and legal experts say.Read full newsRead More
The idea of extraterrestrial mining has been around for more than a century. In the 1898 landmark sci-fi novel Edison's Conquest of Mars, Garrett Serviss' main characters come across aliens mining an asteroid made of solid gold.And for decades since, science fiction writers have used asteroid and moon mining as plot devices - from the golden-age sci-fi greats like Isaac Asimov and Richard Heinlein...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 10 that are worth another look.Germany's Thyssenkrupp ended force majeure at its Steel Europe division on August 6, the company's spokesperson told Fastmarkets on August 10.If any member was going...Read More
Global aluminium premiums were supported across the globe by insufficient supply, strong demand and rising freight rates, although market illiquidity kept Asian and Brazilian markets static during the week to Tuesday August 10.US Midwest market sets another record high on tight supplyRotterdam premiums hold at all-time high amid strong fundamentalsJapanese, South Korean premiums unchanged due to s...Read More
Tin's three-month price reached a new all-time high of $35,300 per tonne on the London Metal Exchange, with continued tightness continuing to grip the market, while the rest of the complex rose by an average of 1.3% on Tuesday August 10. Tin's three-month price has increased by around 9.5% in the last month, having had an intraday high of $32,250 per tonne on July 12. Around 470 lots of tin h...Read More
The persistent logistics disruptions brought about by the Covid-19 pandemic have forced traders and buyers to rearrange their supply chains, and to change packaging and delivery destinations, while the continuing container crisis has pushed the US freight regulator to investigate the situation.The commodity world is facing logistics problems arising from the global container shortage. Additional p...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 10, 2021 To view what is arguably the most important chart in the world, please click here now. Double-click to enlarge. The dip in the gold price over the past few days doesn’t change anything on this long-term chart.The bottom line is this: As money, gold is clearly superior to...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday August 10, and their latest price moves.China The domestic spot ferro-chrome market continued to retreat from previous highs, with lower offers heard from cargo holders seeking to destock and take advantage of wide margins. The imported charge chrome market consolidated, with firm sentiment among suppl...Read More
Hebei Iron & Steel Group (HBIS), China's second-largest steelmaker, increased its purchase price for August-delivery silico-manganese to 7,950 yuan ($1,226) per tonne, the company said on Tuesday August 10.The latest price is 450 yuan higher than the mill's previous purchase price of 7,500 yuan per tonne for July-delivery cargoes.HBIS' price, which applies to cargoes delivered to warehouses, inclu...Read More
"I hope Congress will send it to my desk as soon as possible so we can continue our work of building back better," US president Joe Biden tweeted.The S&P 500 gained 0.1% to close at 4,436.75 and the Dow Jones Industrial Average added 0.5% to 35,264.67.It was their 45th and 31st closing highs of the year respectively, according to the Wall Street Journal.Base metals rebounded on the London Meta...Read More
The company has reported the results of the hole, within the company's flagship Vares silver project in Bosnia and Herzegovina, as recording 21.Read More
Tianshan Aluminum has signed a cooperation deal with an unnamed Indonesia bauxite company, it said on August 10 - a move to secure more supply and boost its competitiveness.Tianshan will buy no less than 49% of shares of the bauxite company through direct or indirect acquisitions, the company told the Shenzhen Stock Exchange website, where it is listed.Tianshan hopes to expand its cooperation with...Read More
Here are five Fastmarkets stories you might have missed on Tuesday August 10 that are worth another look.Germany's Thyssenkrupp ended force majeure at its Steel Europe division on August 6, the company's spokesperson told Fastmarkets on August 10.If any member was going...Read More
The silicon price has been on an upward trend since 2021 and has now hit an all-time high.Fastmarkets' assessment of the price for silicon export 98.5% Si min, fob China rose to $2,350-2,450 per tonne on August 6, up by 10.4% from $2,150-2,200 per tonne on July 30. The rainy season in southern China usually signals the start of a downtrend in the Chinese silicon price because of rising...Read More