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
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 10 that are worth another look.High bulk freight costs are causing severe challenges in shipping ferrous materials this week, sources told Fastmarkets.The majority of members of the Workers' Union at Minera Los Pelambres in...Read More
Turkish steel mills went quiet in the deep-sea scrap markets after the latest downturn in prices, with activity in the long steel market still slow, market participants told Fastmarkets on Wednesday March 10.Three US cargoes had been booked by two Turkish steelmakers, on Saturday and late on Monday, at around $453-456 per tonne cfr on HMS 1&2 (80:20) basis, sending daily scrap indices down by almo...Read More
British steel scrap suppliers have mostly settled monthly delivery prices for steel scrap to domestic consumers at prices up by ?30 ($42) per tonne for March.This increase will recover all the losses made one month earlier, amid persistently tight local supplies and firm demand for exports to traditional deep-sea markets, industry sources told Fastmarkets on Wednesday March 10.The move was seen a...Read More
Share this article NorthWest Copper Corp. [NWST-TSXV] on Wednesday March 10 announced a bought deal financing that is expected to raise $13 million from the sale of 3.75 million common shares, five million flow-through common shares, and 4.55 million charity flow-through common shares to an underwriting syndicate.The common shares will be sold for 80 cents a share, the flow-through shares will be...Read More
Share this articleVANCOUVER - GT Gold Corp.(TSX-V:GTT; OTCQX:GTGDF) and Newmont Corporation (NYSE: NEM, TSX: NGT) reported they have entered into a binding agreement, pursuant to which Newmont has agreed to acquire all of the outstanding shares of GT Gold that Newmont does not already own for C$3.25 per share in cash. The total equity value pursuant to the transaction is approximately C$456 millio...Read More
QuestEx Gold & Copper Exploration (TSX-V: QEX) is exploring for high-grade gold and copper, with a focus on the Golden Triangle and Toodoggone areas of British Columbia. We learned from Dr. Tony Barresi, President of QuestEx Gold & Copper Exploration (TSX-V: QEX) that their assets are being advanced by a newly assembled Technical and Management Team, with experience in exploration, permitting and...Read More
Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF), a member of the Grosso Group, is a leader in uranium discovery in Argentina, rapidly advancing a portfolio of surficial uranium deposits into low-cost producers. The Company's flagship, district-scale, Amarillo Grande Project has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new inte...Read More
Domestic prices in Europe for steel cold-rolled coil increased further over the week to Wednesday March 10 due to a materials shortage, sources have told Fastmarkets.Producers across Europe have been targeting further prices rises.At the end of last week, ArcelorMittal raised its official offer for CRC to ?,?900 ($1,069) per tonne ex-works, up by ?,?20 per tonne.Both end-consumers and distributors...Read More
Italian re-rollers have been trying to achieve a price rise for domestic heavy steel plate due to the high cost of steel slab feedstock, sources told Fastmarkets on Wednesday March 10."In Italy, prices are starting now from ?,?700 [$832] per tonne ex-works, [and they are] targeting ?,?750 per tonne ex-works. Slab demand will be good because mills are producing at a good pace, so they will need to...Read More
Domestic prices for steel hot-rolled coil in Europe increased again over the week to Wednesday March 10, due to a shortage of material, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?762.50 ($906.00) per tonne on Wednesday, up by ?,?6.25 per tonne from ?,?756.25 per tonne on March 9.The index was also up by ?,?13.75...Read More
The conclusion of various holiday seasons, the end of winter, the progress of Covid-19 vaccination programs, and the will to return to more normal ways of life were all strong positives for the global long steel products market, the International Rebar Producers & Exporters Association (Irepas) said last week.The current situation and sentiment were generally very good in the world's long steel ma...Read More
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with economist and money manager Michael Pento.When is this going to come undone? Pento predicts later this year and points to the third or fourth quarter of 2021.Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economis...Read More
With talk of a1950s style recovery, market expert Todd "Bubba" Horwitz says this is a highly unlikely situation. The founder of bubbatrading.com sees a major stock market meltdown happening with a 50% correction. "We are already seeing a tech wreck," he tells our Daniela Cambone. "The story will be told over the next few weeks." Horwitz also shares the sectors in which he is currently seeking refu...Read More
David Tepper, founder of Appaloosa Management, told CNBC's Joe Kernen believes Japan, which had been a net seller of Treasurys for years, could start buying the U.S. government bonds again following the surge in yields. The potential buying could help stabilize the bond market, Tepper said. Jim Grant, founder and editor of Grant's Interest Rate Observer, joined "Squawk Box" on Tuesday to react to...Read More
Marc Faber shares several mining stocks he likes in this interview. He also discusses whether we might see a commodity supercycle. Marc also offers thoughts on the prospects of $100 oil this year, renewable energy investing and why investing in uranium could be become very profitable. He addresses whether U.S. general equities are in a bubble and believes that "volatility will go up a lot."0:00?EU...Read More
Kevin O'Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money manager...Read More
Boom in consumer purchases in durable goods. Surging imports and price increases. Container shortage. Triggered by stimulus money.Tracking the Fed, still buying bonds. Short term rates are locked down, but they're encouraging higher long term rates, they've tripled so far. They could go up to 2% for 10 year and then they'll cap it. 3% would be a major problem. We're getting over 2% inflation. Long...Read More