Champion Iron Limited (TSX: CIA, ASX: CIA), through its subsidiary Qu?(C)bec Iron Ore Inc., owns and operates the high-grade low-cost Bloom Lake Mining Complex, located on the south end of the Labrador Trough in Northern Qu?(C)bec, adjacent to established iron ore producers. Bloom Lake is an open-pit truck and shovel operation, with a concentrator, and it ships iron concentrate from the site by ra...Read More
The bullish sentiment on gold is rapidly growing amid both institutional and retail investors as the number of reported COVID-19 cases increases in the U.S., casting shadows on hopes of a fast economic recovery.With reported coronavirus cases jumping in Southern states, the U.S. set a daily record for the number of new cases yesterday. According to data collected by Johns Hopkins, 40,401 new cases...Read More
Perseus Mining Limited (ASX/TSX: PRU) is an Australian company, that operates two gold mines in West Africa, with first gold, from its third mine, Yaour?(C), expected in December 2020, increasing gold production to more than 500,000 ounces per year in 2021/2022. We learned from Jeff Quartermaine, Managing Director and CEO of Perseus Mining, that they are generating quite a lot of cash in the curre...Read More
The standard for lithium compounds used in battery applications should be set by battery manufacturers and original equipment manufacturers (OEMs) based on technological development rather than government authorities, lithium market experts Emily Hersh and Daniel Jimenez said in a Fastmarkets' lithium webinar on Tuesday June 23.Lithium compounds are a key ingredient in the manufacture of batteries...Read More
European and United States lithium technical and battery-grade prices held steady in the seven days to Thursday June 25, with the market watchful of the continued uncertainty surrounding the economic impact of the Covid-19 pandemic.Lithium extraction and export operations in Chile - a key producer of lithium compounds - have not been affected so far by the increasing number of Covid-19 cases in th...Read More
In this week's Insights newsletter, we celebrate the Venture Index setting a 2020 high yesterday. Junior mining is leading the charge helping Venture stocks to lead the Canadian market for the first time in a very long time. Our insider of the week is involved with a company that has shifted focus from mining into transaction processing. In this case, we not talking hard rock mining, but an excit...Read More
David Rosenberg is back on Real Vision today with a bullish take on gold and healthcare. As for the rest of the market and the economy, that is a different story. He also sees a zombification of corporate America, a theme we discussed last week. Corporate zombies are on the roam For those who are upbeat on the prospects of both the resource and public sectors in the years ahead, check out our v...Read More
The price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices.Demand was recovering at a slower pace than expected after the restrictions imposed to prevent the Covid-19 pandemic from spreading, according to market participants.While some Peruvian...Read More
Prices in the Turkish domestic market for hot-dipped galvanized coil (HDG) and color-coated coil decreased in the week to Friday June 26, with demand moderate, sources have told Fastmarkets.And the export market was weak because of the high prices offered by Turkish mills.The reason for the fall in the domestic prices for coated flat steel was the decline in the price for hot-rolled coil, which is...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Depending on which market one looks at, prices of coated steels have either risen, fallen or remained roughly the same since mid-May. One crucial impact of the Covid-19 pandemic that has swept the world this year is the decoupling it appears to have created between global steel markets.In China, prices of most steel products...Read More
Domestic prices for steel rebar in Poland stabilized in the week to Friday June 26, after an increase the previous week, amid moderate buying activity, source told Fastmarkets.Trading activity in Poland's rebar market was supported by strong demand from the construction sector this week, sources said."Demand is a bit slower than last week, but still rather good. Construction is still performing we...Read More
The import price for pig iron in China was likely to have reached its peak during the week ended Friday June 26, causing a pause in price growth in the global market, Fastmarkets has heard."The Chinese market is quiet for holidays [on June 25-26], so it's better to wait and see how trade will go after the Dragon Boat Festival," one international trader said. "For the moment, it seems that prices h...Read More
The price of austenitic stainless steel scrap in the European domestic market moved slightly higher this week because of tight supply, despite low demand from mills and lower nickel costs, Fastmarkets heard on Friday June 26.Traders had by this week settled their terms with stainless steel mills for July, and in some cases had secured slightly lower nickel discounts - when traders sell to mills, t...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort308,45956,50247,555114,410401,702470,424505,759Change from Prior Reporting Period 31,0643,4551,4683,48832,76036,02037,683Traders22560695457305163 Small Speculators LongShortOpen Interest 61,67726,342532,101 6,5184,85542,538 non reportable positionsChange from the previous reporti...Read More
The inter-merchant spot price for light iron scrap in the UK was unchanged in the week to Friday June 26, continuing the stability seen last week amid low-key but steady trading and little change in export prices, trade sources said.There was also some market expectation that monthly delivery settlement prices would be rolled over after the conclusion of negotiations due to start next week.Trade s...Read More
Bob KirtleyIntroductionWe are presently enduring a period of great change due to the Coronavirus which has already cost many lives and inflicted untold damage to the global economy.Alongside the damage caused by this virus the world has also entered a recession having been through an eleven-year period of expansion.To make matters worse many nations are shouldering massive debts raising question...Read More
By: Ira EpsteinGold weekly chart shows $16+ for the week going into Friday. $1785 area still the resistance, will be looking at this..Read More
The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was passed by Congress on March 27, 2020. The $2.2 trillion stimulus package provided relief for Americans and for businesses who were reeling from the effects of the coronavirus pandemic. The package included financial help in the form of stimulus checks of up to $1200 for eligible Americans. On May 15, 2020, the...Read More
Paul Craig Roberts explains why the left hates America and is trying to cancel it. You can find his recent articles over on https://www.paulcraigroberts.org/Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor a...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More