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

DENVER--(BUSINESS WIRE)--Jun 30, 2021--Read full newsRead More

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

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

Spot prices for standard and alloy grade cobalt have continued to trend higher since the beginning of this week, driven by aggressive offers and a pickup in end-user demand in Europe and the United States, Fastmarkets heard on Wednesday July 7.Available spot units remained in tight hands, with producers' availability low and traders holding back their offers in expectation of further price increas...Read More

Turkish steel mills returned to the deep-sea scrap import markets with a flurry of bookings from the Baltic Sea and the United States, market participants told Fastmarkets on Wednesday July 7.A steel mill in the Izmir region booked a cargo from the US, comprising 30,000 tonnes of HMS 1&2 (80:20) at $498 per tonne cfr.And in the Marmara region, a steel mill also booked a US cargo, comprising HMS 1&...Read More

China's new trend pf setting out unwritten rules for its commodities industries and communicating them verbally will be a key method to watch out for in the future, market sources told Fastmarkets."Unofficial communications to steel mills are increasingly [coming] via provincial and township authorities [and are], not written out clearly as announcements," an iron ore trader in eastern China told...Read More

China's National Development and Reform Commission (NDRC) issued the country's 14th five-year development plan for a circular economy on Wednesday July 7, according to a notice published on the commission's website.The plan highlights the importance of promoting economical and intensive use of resources, and building a circular industrial system as well as a recycling system of waste materials in...Read More

Base metals prices on the London Metal Exchange were up across the board this morning, Wednesday July 7, suggesting dip buying after Tuesday's weakness that saw copper, aluminium and nickel fall by 2%, or more.Tuesday's drop in the ISM services purchasing managers index (PMI) to 60.1, from 64, was partly blamed for the day's weaker markets......as was the jump in the US Dollar IndexBase metalsLME...Read More