Show this story to anyone who says gold and silver are a pet rock. Continue...Read More
Prices for seaborne iron ore concentrate and pellets surged in the week to Friday December 11 amid strong gains in the iron ore fines segment, market sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $162.57 per tonne, up $18.68 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $185.71 per tonne, up $18.32 per tonne Key driversThe weekly average of the Fastmar...Read More
Import prices for steel billet to Southeast Asia are likely to continue rising with strong scrap prices and resurgent demand leading sellers to contemplate another sharp offer price increase."On Friday, all sellers withdrew their offer prices - let's see if new offers are made by mills on Tuesday," an Indian trader said on Monday December 14."Prices are going up on a daily basis but at the start o...Read More
Metallic Minerals completes its 2020 drilling program at its Yukon assets. In a news release, Metallic Minerals Corp. (MMG:TSX.V; MMNGF:OTCMKTS) announced it completed its 2020 drill program at its Keno Hill silver project and earlier stage McKay and Silver Hill.Starting in August 2020 and with two rigs, Metallic Minerals drilled 42 holes over 5,318 meters (5,318m) in two phases. The first phase...Read More
Omineca Mining and Metals Ltd. reported it has commenced dewatering at its Wingdam underground placer gold project located in B.C.'s Cariboo Mining District. In a news release, Omineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) announced that "it has commenced dewatering and decline rehabilitation activities at its underground placer gold project at Wingdam in the Cariboo Mining District o...Read More
Chris Temple, editor and publisher of The National Investor, outlines his investment thesis for Seabridge Gold. I've been tempted on occasion to refer to "The New and Improved Seabridge" at times like recently, when gold gets whacked along with the sector generally . . . but Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) does not. That, as I have often reminded you, was not the norm for most of the c...Read More
Sector expert Michael Ballanger employs the Buffett Indicator and Bitcoin in his latest analysis of the precious metals markets. "Gambling is a venture without calculation; speculation is a venture with calculation." Dickson G. WattsBeing a self-professed speculator in the junior mining space for the past forty-odd years, I used to include that quote in every client letter and in every research...Read More
In this interview, Maurice Jackson of Proven and Probable discusses investment strategies for gold juniors and more with Steve Todoruk of Sprott USA. Maurice Jackson: Joining us for a conversation is the 2019 Murray Pezim award winner and one of Rick Rule's hand-picked investment executives. I'm speaking of none other than Steve Todoruk of Sprott USA, to discuss the current state of the natural r...Read More
Chinese automotive production rose by 9.6% year on year in November, supporting prices of upstream materials such as steel and aluminium. Carmakers in the country produced 2.85 million units in November, up by 9.6% from a year ago and up by 11.5% from the month prior, China Association of Automobile Manufacturers said (CAAM) on Friday December 11. Auto sales totaled 2.77 million units, up by 12.6%...Read More
Precious metals are the bedrock of the financial world. They have permanent value and are the oldest form of money in the world. If you don’t own physical gold and silver, your investment portfolio lacks a sound foundation. Precious metals are often sought after as a store of permanent value, and as a method of diversifying portfolios.While cash, bonds, stocks and real estate offer investors...Read More
The gold miners’ stocksare finally perking up again, after spending months slogging through a grindingcorrection. Contrarian traders aretaking notice, starting to redeploy capital in this high-potential sector. Gold miners’ earnings and thus stock pricesare overwhelmingly driven by gold’s fortunes. And the yellow metal’s recent technicals are signaling a ma...Read More
After a recent spike to the upside over the past seven days, both gold and silver have turned negative again and could be headed back to their recent low points reached early in the day on Monday, November 30th.The movement in both gold and silver is evident of a decided shift in trend direction to the downside. What happens after prices return to their recent lows could prove interesting; or down...Read More
Chinese automotive production rose by 9.6% year on year in November, supporting prices of upstream materials such as steel and aluminium. Carmakers in the country produced 2.85 million units in November, up by 9.6% from a year ago and up by 11.5% from the month prior, China Association of Automobile Manufacturers said (CAAM) on Friday December 11. Auto sales totaled 2.77 million units, up by 12.6%...Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More
Prices for carbon steel plate in the United States jumped after buyers realized that they will need to wait until later in the first quarter of 2021 for spot material. Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US climbed to $36.50 per hundredweight ($730 per short ton) on Friday December 11 from $35 per cwt on December 4. The assessment has now gaine...Read More
The domestic price for rebar in Brazil increased for the sixth month in a row in December, with limited supply and persistently increasing demand continuing to support this year's price uptrend.Fastmarkets' price assessment of steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, was 3,800-3,945 Reais ($750-778) per tonne on Friday December 11, a 7.6% increase from 3,515-3,680 Reais...Read More
Nickel's three-month price was the star performer on Monday December 14 on the London Metal Exchange, rising by 1.7% at the 5pm close compared with Friday, on a day when the majority of the base-metals complex showed price rises of more than 1%.Nickel rose by 1.7% on Monday, the highest among the complex, to $17,590 per tonne from Friday's closing price of $17,278 per tonne.The metal also once mor...Read More
Here are five Fastmarkets stories you might have missed on Monday December 14 that are worth another look.Prices for flat steel products in the Brazilian domestic market have continued to increase, going up for the sixth month in a row in December amid material scarcity and a recovery in...Read More
Several minor metals prices have increased sharply in the week ended Friday December 11 following rising offers from China and higher transportation costs while uncertainty about logistics and demand in the near term are preventing some traders from taking long positions, Fastmarkets learned. "Price increases are massive... Almost all materials are currently strongly moving higher," a minor metals...Read More
Nickel's three-month price was the star performer on Monday December 14 on the London Metal Exchange, rising by 1.7% at the 5pm close compared with Friday, on a day when the majority of the base-metals complex showed price rises of more than 1%.Nickel rose by 1.7% on Monday, the highest among the complex, to $17,590 per tonne from Friday's closing price of $17,278 per tonne.The metal also once mor...Read More