Liberty Gold's recent drill results at the Black Pine property and near-term outlook are addressed in a Haywood Capital Markets report. Three Liberty Gold Black Pine DiscoveriesIn a Jan. 13 research note, Haywood Capital Markets analyst Geordie Mark reported that infill drill results show "grade continuity and high recovery potential" at Liberty Gold Corp.'s (LGD:TSX; LGDTF:OTCQB) flagship Black...Read More

Certain terms are revised regarding Fremont Gold's acquisition of Griffon on the Cortez Trend. Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced in a news release it has amended the terms of the option agreement for its acquisition of the Griffon gold project on Nevada's Cortez Trend.The original agreement of December 2019, entered into with Liberty Gold Corp. subsidiary Pilot Gold (U...Read More

Cabral Gold also reports results of recent reconnaissance drilling at Cui? Cui?. In a news release, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS) announced two new exploration developments at its Cui? Cui? project in Brazil.Through surface sampling at the undrilled Indio target, Cabral identified another prospective area for drilling, high-grade quartz-sulphide mineralization on surface with values...Read More

The price of gold has declined further amid incoming U.S. President Joe Biden’s fiscal stimulus and poor economic data, which is a bearish sign.The weakness in the gold market continued last week. As the chart below shows, the London P.M. Fix declined below $1,840 last Friday (the price of the yellow metal later declined even further, i.e., below $1,830). The downward trend is a bit disturbi...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.Brazil-based miner Vale and Japanese trading company Mitsui have signed a heads-of agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC)...Read More

In the biggest boost for cannabissince Canada legalized recreational use in 2018, the United Nations has reclassified marijuana, removing it from its most strict drug control list, paving theway for a flurry of positive legal activity the world over … But while U.S. states line up tolegalize recreational use, and while a change of power at the White House bodeswell for cannabis stocks, ther...Read More

Austrian steelmaking group Voestalpine has decided to relight the second blast furnace (BF) at its Donawitz site to meet growing demand for long steel, the company said on Thursday January 21.The Donawitz site has two BFs with a total capacity of 1.5 million tonnes per year of pig iron, however, for the past seven months only one of the furnaces was operational.One of the two BFs in Donawitz, with...Read More

Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port terminal last week, in the country's northern Maranh??o state.The terminal caught fire on Thursday January 14, but the accident was contained with no victims or environmental damage, according to the miner. The company is investigating the causes of the incident, it a...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.Brazil-based miner Vale and Japanese trading company Mitsui have signed a heads-of agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC)...Read More

Domestic European prices for hot-dipped galvanized coil rose in the week to Wednesday January 20, with buyers believing that the price has reached its peak, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?830-850 ($1,006-1,030) per tonne on January 20, up by ?,?20-30 per tonne week on week from ?,?800-830 per tonne.The assessment w...Read More

The price of alloy-grade cobalt was unchanged day-on-day in the assessment on Thursday January 21, breaking a two-and-a-half-week rally, after Chinese buying activity subsided and European demand did not push prices further along.Fastmarkets' price assessment for cobalt, alloy grade, in-whs Rotterdam, remained at $18.00-18.50 per lb on Thursday. But this price was up by 14.4% from $15.60-16.30 per...Read More

Tin's forward price on the London metal Exchange rose to near seven-year highs above $22,000 per tonne on Thursday January 21 and aluminium and nickel posted gains just short of 1%, supported during trading by a weaker dollar index. The semiconductor metal rose to as high as $22,360 per tonne in the morning of Thursday, its highest price since July 2014. Tin's three-month price held at $22,000 pe...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.Brazil-based miner Vale and Japanese trading company Mitsui have signed a heads-of agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC)...Read More

A differentiated fee structure designed to drive member-to-member trade away from the telephone market is being proposed by the London Metal Exchange as part of its discussion paper. The goal is to incentivize trade on the exchange's electronic trading platform, LMESelect, and is proposed to be achieved by cutting fees to trade electronically while raising fees for the telephone market by around 5...Read More

The London Metal Exchange and its clearing house are revisiting a proposal to transition to a different way of calculating its clearing methodology. The exchange announced its discussion paper on the topic on Tuesday January 19. The last attempt was made in 2017 and was rejected by LME members because it would make the provision of credit lines expensive and result in the rapid withdrawal of...Read More

Covid-19 appears to have claimed another casualty: the London Metal Exchange ring trading floor. The closure of the floor, now entering its 144th year, has been proposed in a discussion paper issued by the exchange earlier on Tuesday January 19.The open outcry floor may be old, but it didn't appear to have serious underlying health issues. It has successfully fought back against talk it was set to...Read More

Tin's forward price on the London metal Exchange rose to near seven-year highs above $22,000 per tonne on Thursday January 21 and aluminium and nickel posted gains just short of 1%, supported during trading by a weaker dollar index. The semiconductor metal rose to as high as $22,360 per tonne in the morning of Thursday, its highest price since July 2014. Tin's three-month price held at $22,000 pe...Read More

Hidden under the big headline of the ring closing, the London Metal Exchange's recent discussion paper also asked market participants for feedback on stocks, physical movements and market squeezes. The discussion paper on Tuesday January 19 caught people's attention because of its proposal to close the open-outcry trading ring, but participants told Fastmarkets other topics are far more controvers...Read More

The Singapore Exchange's (SGX) 65% Fe iron ore derivatives contract - which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao - set a new record for traded volumes at 5.9 million tonnes so far in January, according to SGX published data on Thursday January 21. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $171.51 per tonne, up $0.96 per tonn...Read More

Silver is volatile. But if you want to benefit from its big gains, you have to be willing to...by Peter Krauth via Streetwise ReportsThere's no consensus on whether silver is in its second or third secular bull market since the 1970s. That's because people define bull markets in different ways.But as I'll show you, it's not that important.What we do know is that silver enjoyed a huge bull market f...Read More