U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade.Equity index futures were virtually unchanged following release of June U.S. Housing Starts at 8:30 AM EDT. Consensus was an increase to 1.590 million units from 1.572 million units in May. Actual was an increase to 1.64 million units.IBM advanced 4.63 to $142.40 after reporting higher th...Read More

A summary of the second-quarter iron ore production results for 2021 from British multinational mining company Anglo American, reported in its latest production report released on Tuesday July 20.In briefIron ore production increased by 6%, driven primarily by a 14% increase at Kumba, and partly offset by a 5% decrease at Minas Rio.Total production at Kumba increased, reflecting the effect of Covi...Read More

Major steelmaker Shagang raised its purchase price for domestic scrap in the week to July 20 after keeping its prices stable for one month, sources told Fastmarkets. Mills in other regions followed suit.Shagang increased its domestic scrap purchase price by 80 yuan to 3,850 yuan ($593.3) per tonne delivered mill on Saturday July 17, including a 9.2% value-added tax (VAT)."The supply of domestic sc...Read More

A summary of Brazilian miner Vale's iron ore results for the second quarter of 2021, as stated in its latest production and sales report published on Monday July 19.In brief Vale's iron ore fines production totaled 75.7 million tonnes in the second quarter of 2021, up by 12% from a year earlier and by 11.3% from the first quarter of 2021. Vale said second-quarter fines production increased for the...Read More

Today was the stock market's worst day in months, as the Dow lost over 900 points midday. It ended up losing 725 after a late rally, but still a bad day. Fears about a global resurgence of COVID cases and its potential economic impact are being blamed.Are we headed for another round of ineffective and economically destructive lockdowns? Let's jump in…The pandemic is like the proverbial bad p...Read More

A summary of BHP's operational review for iron ore for the year ended June 30, 2021, as released on Tuesday July 20.In brief BHP delivered full-year production of iron ore in line with its guidance for the year to June 30, which was 245-255 million tonnes. BHP achieved record production at Western Australia Iron Ore (WAIO), reflecting record production at Jimblebar and Mining Area C, which include...Read More

Why did furious revolutionary tantrums seize France in 1789? And do they afford us a frightful glimpse of the American future?Today we glance backward... in the hope it may help us look forward.From yesterday's reckoning (and our co-founder Bill Bonner):By the 18th century, France had become the greatest power in Europe, the richest and most populous country in the western world, and the clear lea...Read More

Yesterday we maintained that the American Revolution was a "revolution not made but prevented."Less a revolution than an anti-revolution... we might properly label the thing a revolt.A child may revolt against parental sovereignty. But is he a revolutionary?Here was the American colonists' animating purpose: To retake preexisting rights the crown had muscled away from them.They were not out to cre...Read More

China's domestic rebar price dropped on Tuesday July 20 due to weak demand caused by adverse weather in large parts of the country, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,220-5,240 yuan ($804-807) per tonne, down by 10-20 yuan per tonneThere was heavy rain in central China's Henan province and southern China's Guangdong province on July 20, and large...Read More

Base metals prices on the LME were up across the board this morning, Tuesday July 20, while the SHFE followed Monday's weakness, which was triggered by growing fears over the potential impact of the Delta variant of Covid-19 on the global economic recovery.Gold, the yen and the dollar were stronger and the United States 10-year treasury yield weaker - all signs of a pick-up in haven demandThe spre...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

Chinese antimony market participants report reduced offers, higher prices and increasing difficulty in securing material, sources told Fastmarkets.Fastmarkets' weekly price assessment for antimony MMTA standard grade II, ddp China was 59,000-60,000 yuan ($9,093-9,248) per tonne onJuly 16, up by 1,500-2,000 yuan per tonne (3.0%) from 57,500-58,000 yuan pertonne the previous week.A shortage of ores...Read More

This year's ranking of the top ten U.S.-based mid-tier and junior precious metals companies based on market capitalization as of July 7, features a number of new entrants including i-80 Gold and Gatos Silver. The data was compiled by our sister company MiningIntelligence, https://www.miningintelligence.com/.1. Coeur MiningMarket Cap: US$2.1 billionAt Coeur Mining's Wharf gold-silver mine in South...Read More

Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) has given the go-ahead to develop the Wasamac gold mine, with study results showing more reserves, higher annual production and increased cash flows. The project is 15 km west of Rouyn-Noranda, Quebec.The company acquired the Wasamac deposit and Camflo property and mill when it bought Monarch Gold in January. Since that time, it has used its due diligenc...Read More

This week's episode features Alcoa's second-quarter conference call, with president and chief executive officer Roy Harvey and executive vice-president and chief financial officer William Oplinger. Harvey and Oplinger showcase the company's record earnings and highlight the big issues impacting the aluminum market, such as China cracking down on aluminum smelters as well as rising metal prices. Th...Read More

Endeavour Silver (TSX: EDR; NYSE: EXK) has bought Canamex' Bruner gold exploration asset in Nevada, about 180 km southeast of Reno for US$100 million in cash.Gold was originally discovered at Bruner in 1906 and the district saw intermittent small-scale mining between 1906 and 1998. Recent exploration activities by previous operators have included mapping, sampling, geophysical surveys and drilling...Read More

Goldplay Mining Inc. , ,is pleased to announce that it has begunRead full newsRead More

As inflation fears continue to mount, more attention is being focused on the precious metals industry. Silver has been doing better than gold in recent years, considering the metal’s dual use as both a precious and industrial metal These recent months of elevated and increasing prices exacerbated by price plunges due to the COVID-19 pandemic saw inflation reaching 3.8%, its highest in 30 ye...Read More

Gold remans stable amid higher inflation. After the surge in May, the consumer price index surged 0.9% in the last month, following a 0.6% jump in May. This was the largest one-month change since June 2008, during the Great Recession. Naturally, this has caused a lot of unease among investors and corporations looking to hedge against the negative effects of inflation. Gold prices a...Read More