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
* GRAPHIC-2019 asset returns: (Updates with closing prices) By Eric Onstad LONDON, Nov 22 (Reuters) - Copper rebounded on Friday aftercomments by the U.S. and Chinese presidents raised hopes thatthe two countries will forge a trade deal. Donald Trump said on Friday that a trade deal with China is"potentially very close" while Xi Jinping said that China wantsto work out an initial trade p...Read More
Prices for seaborne premium hard coking coal rose on Friday November 22, though participants said that there was little room for the market to strengthen significantly in the coming weeks.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.76 per tonne, up $1.25 per tonnePremium hard coking coal, cfr Jingtang: $145.39 per tonne, up $1.32 per tonneHard coking coal, fob DBCT: $120.70 per ton...Read More
Eastern China's rebar prices dropped slightly on Friday November 22 - the first downward movement in 10 days - amid concerns over high production rates, though futures picked up. Eastern China (Shanghai): 4,070-4,100 yuan ($579-583) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,780-3,820 yuan per tonne, up 20-30 yuan per tonneTraders in eastern China cut prices slightly to genera...Read More
China's hot-rolled coil exporters maintained high offers on Friday November 22 amid price gains in the country's eastern region.DomesticEastern China (Shanghai): 3,670-3,700 yuan ($522-526) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,650-3,660 yuan per tonne, narrowing downward by 10 yuan per tonneSellers in Shanghai started selling at around 3,670 yuan per tonne in the earlier...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.The Canadian Dollar added 0.14 to U.S.75.43 cents following release of Canadian September Retail Sales at 8:30 AM EST. Consensus was an increase of 0.3% versus a decline of 0.2% in August. Actual was a decrease of 0.1%.Nordstrom gained $2.86 to $37.18 after reporting higher than consensus...Read More
The European Commission will consider early next year whether to add cadmium to the European Union's critical raw materials list, with the aim of encouraging production and recycling of this metal widely used in batteries, and hence potentially helping the EU economy move away from fossil fuels. Such a listing is designed to incentivize European production of a critical raw material that is in sho...Read More
Editors note: I am not sure what to make of being called "Ireland's Mr Gold" but I suppose you could be called worse. For me, my fellow founder Stephen and our excellent team, it has never been about gold itself, but rather it has been about the benefit that gold provides to our clients, their families, their companies and the wider society.This benefit is not just in terms of hedging, financial...Read More
Caratti, alluding to contracts that have caused fellow engineering and construction groups much grief over the past 12 months, was speaking on the morning ASX-listed RCR Tomlinson fell into admi...Read More
Imperial filed a lawsuit in the British Columbia Supreme Court in 2016 alleging negligence and breach of contract by both engineering firms Knight Piesold and AMEC, which is now Amec Foster Wheeler, following the August 4, 2014 failure.The company said the lawsuit was settled among all parties, resulting in net payments due to the financially struggling company totalling C$108 million.Imperial sai...Read More
Global ferrous scrap prices continued to trend downward during the working week from Monday November 26 to Friday November 30, due to poor demand and lackluster sales of finished steel.Turkish scrap import prices and US export scrap prices fell due to weak market sentiment in Asia, while persistently poor demand continued to weigh on Asian scrap import prices. Indian import prices also slipped on...Read More
Sentiment in the European austenitic alloy scrap market has been negative and mills have continued to drag prices downward, sources told Fastmarkets on Friday November 30."Demand [for alloy steel scrap] is slow and sentiment in both the raw material and stainless steel markets is negative. The mills are trying to get...Read More
The BMW i3 battery-powered automobile. Source: BMW Group.BMW Group is teaming up with BASF SE, Samsung SDI and Samsung Electronics to launch a cobalt pilot project in the Democratic Republic of Congo (DRC) in a bid to improve working conditions in artisanal mining operations as well as living conditions in surrounding communities.Cobalt, which is produced primarily as a by-product of copper and ni...Read More
(Updates prices) * Spot gold up about 0.6 pct so far this month * Palladium hits a record high of $1,197.50/oz * Platinum poised for fourth weekly decline By Swati VermaBENGALURU, Nov 30 (Reuters) - Gold edged lower on Friday asthe dollar firmed ahead of an expected meeting between U.S.President Donald Trump and China's President Xi Jinping at theG20 summit, but bullion was on track to post its se...Read More
Turkish steel mills ended the week with no deep-sea scrap bookings amid poor demand for finished products in the domestic and export markets as well as concerns over Asian steel markets, sources said on Friday November 30.After booking three deep-sea cargoes from the United States and the United Kingdom at the end of last week, steel mills in Turkey stepped out of the deep-sea scrap markets.Those...Read More
Goldcorp's Pe??asquito gold mine about 200 km northeast of Zacatecas, Mexico. Source: Goldcorp Inc.Goldcorp Inc. [G-TSX; GG-NYSE] says it has produced the first dor?(C) gold bar from the Pyrite Leach Project (PLP) at its 100%-owned Pe??asquito mine in Mexico. The aim of the project is to allow Pe??asquito to process ore which was previously considered uneconomic, including significant amounts alre...Read More
Comex copper prices experienced further weakness ahead of world leaders converging in Argentina for the Group of Twenty (G20) meeting this weekend.The copper price for March settlement on the Comex division of the New York Mercantile Exchange fell 1.80 cents to $2.7735 per lb.Price movement is expected to be muted today with investors focusing on the weekend's G20 summit, where finance ministers.....Read More
In my last post, I mouthed off about how ridiculously expensive I feel like many World Class Tier 1 real estate assets are selling for in today’s market…Now, please keep in mind, real estate is a very broad asset class and I know how difficult (simplistic) it can be to paint a sweeping generalization of the entire sector…So, please bear with me…Anyway, with all that said, I...Read More
Working underground at SilverCrest's Las Chispas Project in Sonora, Mexico. Source: SilverCrest Metals Inc.SSR Mining Inc. [SSRM-TSX, NASDAQ] is acquiring a 9.9% stake in SilverCrest Metals Inc. [SIL-TSXV, SVCMF-OTCQX] by purchasing 8.2 million common shares of the company via a private placement.The total consideration is $30.7 million or $3.73, marking a 19% premium on the closing price of Silv...Read More
KENORA - Today Greg Rickford, Minister of Energy, Northern Development and Mines called on the Competition Bureau to review gasoline and diesel retail prices in northwestern Ontario."Our Government for the People has followed through and taken steps to cut gas prices in Ontario. Now we need to make sure those savings are being passed on to consumers across the province," said Minister Rickford. Th...Read More
THUNDER BAY - Ontario's Government for the People is investing in a new, world class facility at Lakehead University to support research and innovation, creating 67 jobs.Today, Lakehead University held the grand opening of the Centre for Advanced Studies in Engineering and Sciences. Ontario invested $5 million in the facility. "Our government for the people is proud to provide students and researc...Read More