The gold market - at least the paper gold market - has seen a lot of volatility recently. Gold lost about $80 between August 5 and August 8 before rebounding. Gold gained over $22 today, by the way, to close at $1,753.Many gold investors are panicked after the recent mini-crash. But today, I want to show you why the case for gold is still intact and why the recent tumble is just a bump in the road...Read More
Hot-rolled coil prices in China's domestic market pulled back on Thursday August 12, with market participants shifting their focus away from expectations of a drop in supplies after weak lending data sparked concerns over liquidity.DomesticEastern China (Shanghai): 5,790-5,810 yuan ($894-897) per tonne, down by 30-50 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange moved...Read More
China's stainless steel prices fell in both the domestic and export markets in the week ended Wednesday August 11 due to weakening demand and declines in nickel futures. The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday at $18,902 per tonne, down by $983 per tonne (4.9%) from $19,885 per tonne on July 30.China's domestic stainless steel fu...Read More
Tesla, the United States-based manufacturer of electric vehicles (EVs), is implementing a blockchain solution for end-to-end cobalt traceability in partnership with Glencore, China Molybdenum (CMOC) and Eurasian Resources Group (ERG), Glencore announced in a press release dated Thursday August 12.The Re|Source blockchain platform that Tesla is piloting was founded by Glencore, CMOC and ERG, and wa...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....Read More
A summary of Swiss long stainless steelmaker Swiss Steel Group's - formerly Schmolz + Bickenbach - financial results for the second quarter (April-June) of 2021.In brief Sales for the second quarter of 2021 rose by 72.1% year on year due to good demand from the automotive industry as well as from the mechanical and plant engineering industry.Higher stainless steel prices - primarily derived f...Read More
New Gold Inc. (TSX: NGD; NYSE American: NGD) shares trading in Toronto fell to a 12-month low on Thursday after the company reported weaker than expected June-quarter financial results and cast doubt on whether it might achieve its full-year production guidance.After markets closed on Wednesday, New Gold said it now expected to achieve the lower end of the 440,000 to 490,000 gold-equivalent ounces...Read More
Australia's largest gold producer, Newcrest Mining (TSX: NCM; ASX: NCM) is investing A$246 million (about $226 million) to expand its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines, for at least two years. The company said it the West Dome Stage 5 cutback would allow further mine life extension opportunities to be assessed within the open...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has put up for sale its final collection of rare pink, red, violet and blue diamonds from its iconic Argyle mine in the remote east Kimberley region of Western Australia. Mining ended at Argyle in early November last year, after 37 years of uninterrupted production during which the mine became the source of about 90% of the world's prized rose-to-mag...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 investmentSPONSOREDswannA century ago, those in control of the global mining industry appeared to place little weight on their social impact. B...Read More
LUXXFOLIO Holdings (CSE:LUXX) has announced a significant expansion of the crypto mining facility managed by LUXX Mining Division subsidiary Westblock.Read full newsRead More
VANCOUVER, British Columbia, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce that it has closed the previously announced Precious Metals Purchase Agreement (the "NX Gold Stream") with RGLD Gold AG ("RG AG"), a wholly owned subsidiary of Royal Gold, Inc. The Company has received total upfront cash consideration of US$100 milli...Read More
Todd Hennis, owner of the Gold King Mine, is suing the United States of America for its use of his property in response to the Gold King Mine spill in 2015.The lawsuit claims the EPA contaminated and...Read full newsRead More
Kyrgyzstan set to complete seizure of Canada-run gold mineRead full newsRead More
Empress Royalty Corp. is pleased to announce receipt of the firstRead full newsRead More
MARV: TSX-V O4T1 : GR MARVF: OTCQB Marvel Discovery Corp. , ; Read full newsRead More
Buying dividend stocks when the stock price has taken a dive usually allows you to lock in a juicier yield. But if you also throw discounted valuation into the mix, the overall asset becomes even more attractive. However, not all discounted stocks are also undervalued and vice versa, and if you prioritize valuation discount over price discount, here are three stocks that should be on your radar.A...Read More
The second-quarter earnings season has been quite encouraging so far and has underlined the firm recovery. The momentum in the stock market could continue, driven by solid financial growth for the next few quarters. Here are three top Canadian stocks that recently broke above their usual range. These three offer decent growth prospects in the short as well as in the longer term.NuveiCanada’s...Read More
Dear Outsider,I spotted a large X in the middle of a busy street and carefully ambled through traffic to stand on it. I cast my eyes upwards, to an open window in the Texas School Book Depository. Yes, that book depository. I was in Dealey Plaza standing on the very spot where John F. Kennedy was assassinated on November 22, 1963. It was quite surreal, as the window that Lee Harvey Oswald alleged...Read More