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
Nov 05, 2019 Guest(s): Maxime Guilbault Partner, PWC Quebec is named the fourth best mining jurisdiction in the world by the Fraser Institute, and miners in the area have just seen the beginning, this according to Maxime Guilbault, partner at PWC. "I think we've just seen, I won't say the tip of the iceberg, but there's more. All the mines that have been developed, around those mines, in Abitibi...Read More
Publisher's Note: I was interviewed by Kitco News this past weekend while attending and speaking at the Silver & Gold Summit in San Francisco. It gives a good overview of where we're currently at in the gold bull market, as well as what's needed to take it to the next level. Please find the transcript below. -NickNeils Christensen: Welcome to Kitco News. I'm Neils Christensen. We're here at The...Read More
Weekly Reports |Nov 05 2019The White House has extended waivers on Iran sanctions to companies working in Iran's civil nuclear program for ninety days.-Iran sanctions waivers extended-Uncertainty lingers for uranium-Demand to pick up?By Greg PeelAside from waiting for the recommendations of President Trump's nuclear cycle Working Group and any news on the Russian suspension agreement, the...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 5.Please click...Read More
The three-month copper price traded on the London Metal Exchange almost closed the gap on its psychological $6,000 per tonne level, with growing supply concerns bolstering consumption and precipitating a significantly higher turnover on Tuesday November 5. The red metal's three-month price closed 1.1% higher at $5,946.50 per tonne compared with the previous day's $5,877 per tonne close. The price...Read More
Bob Moriarty ArchivesNov 5, 2019Nexus made a strategic decision to offset Burkina Faso exploration risks with some solid projects in safer climes in early 2019. It seems to have caused some confusion among shareholders confused by the shift in direction but I think with time passing the wisdom of the move will seem more obvious. The stock is now pretty cheap for a company with nine different proje...Read More
Discounts for nickel full plate cathodes in the Chinese import market flipped to premiums on Tuesday November 5 following a sudden opening of the import window over the week. "The intermittent opening of the import window this week was due to technical squeezing on China's future exchanges rather than supply tightness. [Nickel full plate cathodes are] normal premiums now," a Shanghai-based trader...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 5, 2019 Gold continues to consolidate with sideways price action after reaching the $1500-$1550 resistance zone. Pleaseclick here now. Double-click to enlarge.Investor patience is required when the price arrives at a major support or resistance zone like $1500-$1550.The good news is th...Read More
LME-Fastmarkets lithium carbonate, CIF China, Japan and Korea 99.Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday November 5 that are worth another look.Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry.Chinese re-rollers' interest in imported billet has waned in recent weeks following a surge in prices in the major global markets, sources t...Read More
Since March 2013, she was executive vice president of sustainability and external relations for Newmont Goldcorp.Read More
Shipments of nickel laterite ore from Indonesia have resumed gradually following a crackdown on nickel mines in the country on October 25, delegates attending the China International Nickel & Cobalt Conference in Yichang, Central China, told Fastmarkets on Tuesday November 5.Indonesian officials launched an inspection of domestic nickel laterite ore mines late on October 25, market sources confirm...Read More
The global vanadium market remained under pressure last week from poor buying interest and good spot availability.The export price of ferro-vanadium in China plunged in the latest assessment period on Thursday October 31 following a significant price drop in the domestic market.Fastmarkets assessed the price of ferro-vanadium, 78% V min, fob China at $29-31 per kg on October 31, down by 11.1% from...Read More
By: Ira EpsteinGold support around $1480 area if it were to breakdown. Gold fighting resistance with overbought market, serious resistance..Read More
Fastmarkets is proposing to reduce the frequency of publication of its European germanium metal and tellurium assessments and Chinese germanium dioxide assessment. Fastmarkets selects the frequency of publication of its price assessments after considering the number of data points (deals, bids, offers, deals heard and assessments) that it can reasonably expect to collect on a consistent basis in t...Read More
Electric vehicle (EV) production growth in China has slowed over the second half of this year, dropping more quickly than the market expected, Houshan Bai, chairman of Ningbo Ronbay New Energy Technology Co, told delegates at a nickel and cobalt conference on Tuesday November 5. In the first six months, EV sales and production in China had been in a healthy upturn, but slower growth started to eme...Read More
Prices for ferrous scrap in Mexico increased slightly in the northern steelmaking region of Monterrey in the week to Tuesday November 5, while prices were flat in the central steelmaking region of Bajio.Market participants are more optimistic about prices, with indications that scrap prices in the United States could see a modest recovery in November.In Monterrey, word circulated that at least one...Read More
Turkish steel mills stepped back from the deep-sea markets on Tuesday November 5, following the purchase of several cargoes the previous day, sources told Fastmarkets.Yesterday, three newly booked cargoes - two of US origin and one of Baltic Sea origin - ended a week-long hiatus since the previous booking. All three bookings were of similar composition and pricing, with HMS 1&2...Read More
The combination of some easing in Chinese lending rates and talk that United States officials may be prepared to drop some tariffs on China has led to more risk-on in broader markets.The three leading US indices, the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite closed on record highs on Monday November 4 and US treasury yields are climbing, but the metals are looking quite mi...Read More
Electric vehicle (EV) production growth in China has slowed over the second half of this year, dropping more quickly than the market expected, Houshan Bai, chairman of Ningbo Ronbay New Energy Technology Co, told delegates at a nickel and cobalt conference on Tuesday November 5. In the first six months, EV sales and production in China had been in a healthy upturn, but slower growth started to eme...Read More