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
Bob Moriarty ArchivesJan 19, 2021Sterling Metals used to be Latin American Minerals with an interesting gold project with excellent numbers in Paraguay. After LAT spent millions of dollars advancing the project in the landlocked South American country, the locals decided they should get the benefit, not Latin American. So in September of 2018the company pretty much gave away the project. Actually...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 19, 2021 Should precious metals investors diversify into other market sectors, like stocks, bonds, and real estate? There’s no simple answer to this question, but generally speaking, an investor who is patient and buys the major support zones for gold will tend to do well with ot...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 19.Please click...Read More
An overview of the chrome ore and alloy markets on Tuesday January 19 and their latest price moves.China The upward momentum in Chinese domestic spot ferro-chrome prices continued after many smelters in Inner Mongolia downsized their operations, pushing the market to a two-and-half-year high.In response to supply tightness, the imported charge chrome market also soared, with buyers scrambling...Read More
In London, the FTSE 100 closed slightly lower and market futures were mixed.Metals and mining stocks gained in Toronto, where rising investor interest in battery mineral equities continues.Graphite One Inc (TSXV: GPH) jumped 42.3% as it announced the US government had designated its Graphite Creek flake project in Alaska a high-priority infrastructure project.The company is advancing towards...Read More
Chilean copper producer Codelco's board of directors has approved a $1.24 billion investment in the expansion of its El Teniente facility just south of the capital, Santiago, the state-owned copper producer said on Tuesday January 19.Those capital expenditures represent the total budget estimated for the Diamante and Andesita projects, and will be spent together with another $1.93 billion, already...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announced today that on January 15, 2021 it received notice that the Company's Graphite Creek Project has been designated a High?EUR?Priority Infrastructure Project (HPIP) by the U.S. Government's Federal Permitting Improvement Steering Committee (FPISC). The approval is the culmination of a pro...Read More
The company was previously planning to start full construction of Winu in the June quarter of 2021 for first production in 2023, but warned in October that a review of heritage disturbance inRead More
The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect. The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policie...Read More
New investment from groups in the UK, USA, China and Australia was "an endorsement of Oxbotica's go-to-market strategy, deploying its autonomy software in industrial use cases in advance of rolling out in urban passenger transportation applications in the future".The groups include UK-based BGF, IP Group, Halma and energy major BP; San Francisco-headquartered Venture Science; China's Tencent Holdi...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
Mexican steel scrap prices skyrocketed in the week ended Friday January 15, with steelmakers struggling with low inventories and increasing their buying prices to secure supply.In both regions where prices are assessed by Fastmarkets, major scrap consumers applied price increases early last week, and some applied a second increase between January 15 and 18.In the region near the northern city of M...Read More
Turkish deep-sea scrap import prices have gone down once again in the latest trade heard for a US-origin cargo, sources said on Tuesday January 19.A steel mill in the Marmara region booked a US cargo, comprising 6,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 22,000 tonnes of shredded and 1,500 tonnes of bonus at $460 per tonne cfr. The deal was agreed on January 16, with the cargo scheduled to...Read More
The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect. The proposals, laid out in a new discussion paper on future market structure, also include potential changes to the exchange's margin methodology and the introduction of potential additional disclosures and policie...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process. The rebound in the dollar in recent weeks seems to be acting as a headwindBase metals Three-month base metals prices on the LME were mixed this morning, with aluminium, nickel and lead weaker and down by an...Read More
Here are five Fastmarkets stories you might have missed on Tuesday January 19 that are worth another look.Rabobank will close its commodity trade finance desks in London, Shanghai and Sydney after reviewing the embattled sector last summer.Brazilian flat steel distributors...Read More
Share this articleVANCOUVER - Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF) (Frankfurt: 2P62) sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, reported that it has received approval and drilling licenses for Phase Two of its three-phase drilling program on Alpha's 100% owned, 27,500-hectare Tolillar Salar.The drilling licenses replaced the previous li...Read More
Hot-rolled coil prices in the United States held steady while buyers continued to struggle in their quest for spot tonnage at the domestic mills. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.86 per hundredweight ($1,137.20 per short ton) on Tuesday January 19, little-changed from $56.92 per cwt on the prior business day - Friday January 15 - and an increas...Read More
Wall Street loves a chance to make billions of dollars - as long as it makes most of the profits and transfers most of the risk. The now-popular special purpose acquisition companies (SPACs) were created just for that.Like they used to say in the Old West, when you sit down at the poker table and don't know who the sucker is, it's you.SPACs are on fire lately. They are nonoperating companies that...Read More