Metals Markets
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Market sentiment sweetening for silver, report says
The following is an edited excerpt from the “Global Silver Investment” report prepared by Metals Focus for The Silver Institute. Visit www.silverinstitute.org for complimentary access to the full report. Investor sentiment has strengthened for silver (as well as the wider precious metals…
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Rhodium punches above its weight with strong prices
Rhodium is an irreplaceable material for complying with carbon emission standards in gasoline-powered vehicles, which consume almost all of its annual production. But while global auto sales declined in late 2018 and the first eight months of this year, rhodium…
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China’s electric vehicle slowdown could dampen cobalt prices
China’s electric vehicle (EV) sales have declined year-over-year for the second straight month, on the heels of uncharacteristically slow growth this spring, indicating that contractions in cobalt supply may be partly offset by lower-than-anticipated battery demand. China announced in March…
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First-half gold demand jumps on central bank, ETF buying
The following is an edited summary from the World Gold Council, based on its “Gold Demand Trends Q2 2019” report. To access the report, visit www.gold.org. Global gold demand grew to 1,123 tonnes in this year’s second quarter – an 8%…
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DIAMONDS: Uncertainty in Asia pushing prices down – report
LAS VEGAS – Rapaport published a report stating that the escalation of the U.S.-China trade war, the protests in Hong Kong, and the depreciation of the yuan, paired with dealers taking their summer vacations, greatly impacted the diamond market in…
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GOLD: Australia reaches record 10.3M oz. in 2018
AUSTRALIA –Australian gold output reaches an all-time record high of 10.3 million oz. in the most recent fiscal year, Canadian output is lagging behind. Figures from www.AustralianMining.com indicate that country has reached 321 tonnes of gold. Meanwhile, Canada’s gold production…
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IRON ORE: M3 Metals takes a second look at Block 103
Vancouver — M3 Metals has engaged Hatch to update a 2013 preliminary economic assessment (PEA) on its Block 103 iron ore project in the Labrador Trough, Nfld. M3, which changed its name from ML Gold in July to reflect its…
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Commodity prices: Boon or bane of tomorrow’s mines
How likely is a swing in commodity prices to derail an advanced mine project?
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Chromium markets suppressed with ongoing surplus ore supply, says Roskill
The following is an edited release by London-based metals market consultants Roskill. For more information, visit www.Roskill.com. The current price for primary South African chrome ore of around US$170 per tonne (CIF China), places the price at around the 80 percentile…
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US Dept. of Commerce recommends uranium quota: Bloomberg report
Shares of Energy Fuels (TSX: EFR) and Ur-Energy (TSX: URE) moved higher on a report from Bloomberg that the U.S. Department of Commerce is recommending that Washington take measures to protect domestic uranium production. The June 20 article, quoting three anonymous sources briefed on…
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GOLD: Blackrock to grow Silver Cloud project
NEVADA – Blackrock Gold announced that, together with its namesake U.S. subsidiary, it has entered into a purchase agreement for 20 mining claims directly adjacent to its Silver Cloud project in Elko County. Silver Cloud is a 4,537-hectare claim block…
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DIAMONDS: Markets under pressure – Rapaport
NEW YORK CITY – Rapaport published a report stating that diamond markets are under pressure as profit margins have tightened and the trade war with China has fueled uncertainty. The international firm revealed that the RapNet Diamond Index, known as…
