Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The monthly European alloy steel surcharges for November for grade-316 stainless flat steel products have decreased because of lower molybdenum costs, Fastmarkets heard on Friday November 1.Fastmarkets' range for the stainless steel cold-rolled sheet, 316, 2mm, alloy surcharge, domestic, Europe, was ?,?2,497-2,581 ($2,786-2,879) per tonne on November 1, down by ?,?13-63 per tonne from October.Allo...Read More
In November 2015, the Chief Economist of the Bank of England gave a speech where he said that, within 20 years, 80 million jobs in the US and up to half the jobs in the UK would be lost to robots and algorithmic software (collectively referred to as ‘robots’).A 2013 Oxford University study backs him up. It predicts that, of the 700 jobs types it evaluated, half of them would event...Read More
The inter-merchant spot market for UK-origin light iron scrap moved up by ?5 ($6) per tonne in the week ended Friday November 1 following the upturn in key export markets, ending a four-week run of price stability.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?65-85 ($84-110) per tonne on Friday, up from the ?60-80 per tonne where...Read More
Turkish steel mills did not go into the deep-sea scrap markets on Friday November 1, with no new deals heard, sources told Fastmarkets.The Turkish import scrap market was relatively subdued throughout this week because of a two-day public holiday in the country at the start of the week. As well, the booking of 600,000 tonnes of...Read More
Turkey has not bought ferrous scrap from the United States in nearly a week, but a combination of recent steady buying and an anticipated upward move in November's domestic scrap trade have worked to raise some dock prices.Turkish steel producers paused their deep-sea cargo purchases on Monday October 28 and Tuesday October 29, due to Tuesday's public holiday for the Republic Day of Turkey and a h...Read More
Heavy melting scrap 1&2 (80:20) from the United States' West Coast has turned competitive again due to surging prices for Japanese H2 materials, with Vietnamese buyers now looking to purchase scrap from both locations.Demand in Taiwan has eased, however, following numerous purchases last week.VietnamFastmarkets' price assessment for bulk shipments of steel scrap HMS 1&2 (80:20), cfr Vietnam, was $...Read More
The Northern Miner hosted its third annual Progressive Mine Forum in October. During the event, Tony Makuch, president and CEO of Kirkland Lake Gold (TSX: KL; NYSE: KL), sat down with Northern Miner publisher Anthony Vaccaro for an in-depth fireside chat in front of an audience at the MaRS Discovery District in downtown Toronto. The following is an edited transcript of the discussion. The followin...Read More
The Quecher Main project at Newmont Goldcorp's (TSX: NGT; NYSE: NEM) Yanacocha gold mine in Peru has achieved commercial production ahead of schedule and under budget.The project will extend the life of the Yanacocha operation to 2027.Quecher Main, 800 km northeast of Lima, is expected to contribute an average of 200,000 oz. gold annually from 2020 through 2024, at all-in sustaining costs (AIS...Read More
UEX (TSX: UEX) has intersected new uranium mineralization at its 60%-owned Christie Lake project, 9 km northeast of Cameco's (TSX: CCO; NYSE: CCJ) McArthur River uranium mine in northern Saskatchewan.The new mineralization was found in hole 141, 8 metres above an unconformity. The drill hole returned a radiometric equivalent grade (REG) of 1.17% uranium oxide (U?,?O?,^) over 2 metres, from 498 met...Read More
Foran Mining (TSXV: FOM) is on track to complete a feasibility study before year-end on its flagship McIlvenna Bay volcanogenic massive sulphide (VMS) deposit in Saskatchewan.The deposit - situated on the western edge of the Flin Flon greenstone belt, 65 km west of Flin Flon, Man. - has been traced to a depth of 2 km and features zinc and copper mineralization, along with silver, gold and lead.The...Read More
Left-wing darling Alexandria Ocasio-Cortez's proposed Green New Deal, despite its flimsy 14 pages, is nothing if not all-encompassing and vaulting in its ambition. The bill was also crucial to Ocasio-Cortez's rapid ascent to acronym status, and anointing as the queen of green.Thanks to her How Dare You tour, 16-year old Greta Thunberg is now the undisputed leader of the growing ranks of school-bun...Read More
Nickel and cobalt producer Sherritt reduced its 2019 production guidance from its Cuba-based joint venture because of operating setbacks in the third quarter.Read full newsRead More
The European Commission is assessing five new minerals for possible inclusion in a revised list of critical raw materials to be published next year, as it seeks to bolster supply chains for a low emissions economy, a senior Commission official said.The European Union, the United States and Japan are among Western powers to have compiled lists of the most strategic minerals in response to China...Read More
Nickel miner Independence Group NL said on Friday it will stop work on developin...Read full newsRead More
Stocks rose on Friday as investor sentiment got a lift from much stronger-than-expected U.S. jobs data.Read full newsRead More
"Recycled #lithium batteries market to hit $6 billion by 2030 - report: 125,000 TONNES OF LITHIUM, 35,000 OF COBALT AND 86,000 OF NICKEL COULD BE RECOVERED BY 2030 FROM WASTE #BATTERIES https://t.co/CX2CzEjGMQ"Read full newsRead More
Yanacocha began commercial production in 1993 and has since produced more than 38 million ounces of gold.Read full newsRead More
Rio Tinto is well positioned to continue generating strong returns, building on a track record of $32 billion returnRead full newsRead More
"Great content #FF@JonErlichman @GreekFire23 @DanielaCambone @TaviCosta @wmiddelkoop @chigrl @michaelbhorner @LithiumIonBull @KHerriage @BenjaminA_Smith HaGW!"Read full newsRead More
Darkening clouds over the global economy have led two of the world's top oi...Read full newsRead More