Orocobre reports minor earthquake damage to lithium plant in Japan
(Kitco News) – Orocobre (ASX: ORE, TSX: ORL) advised yesterday that following an earthquake late Saturday (13 February 2021, JST) off the coast of Fukushima Prefecture, north east Japan, there are no injuries to employees at the Naraha lithium hydroxid…
Read moreTop diamond miner ALROSA sees demand recovery
(Kitco News) – ALROSA reported today that the company sold 104 rough diamonds (over 10.8 carats) with the total weight of 1,500 carats at this year’s first diamond auction held in Dubai from January 19 to February 9, 2021.
Morgan Stanley sees gold prices below $1,800 by end of 2021
(Kitco News) – Bearish sentiment is creeping back into the gold market as the price is caught in what appears to be a new $50 range.
Read moreFortescue deploys autonomous light vehicles for driverless equipment transfer
(Kitco News) – Iron ore giant Fortescue Metals reported successful operational deployment of autonomous light vehicles (ALV’s) at the company’s mining operations in the Chichester Hub.
Sibanye-Stillwater boosts 4E platinum group metals reserves by 40%
(Kitco News) – Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW), the world’s largest primary producer of platinum and rhodium, yesterday announced a 40% increase in 4E platinum group metals (PGM) Mineral Reserves at the SA PGM operations to 39.5M 4Eoz, prima…
Read moreSilver under $30 is really cheap as inflation drives commodity prices higher – Crescat Capital
(Kitco News) – The investment story in silver is so much bigger than the market’s short-lived social media-induced rally. Instead, investors should be focused on the precious metal’s long-term value, according to one portfolio manager.
Read moreHedge Funds losing interest in gold as bond yields rise
(Kitco News) – Hedge funds are cooling on gold as they reduce their exposure across the board, according to the latest data from the commodity futures trading commission.
Read moreEU industrial production slows but Germany hangs on
(Kitco News) – EU Industrial production down by 1.6% in euro area and 1.2% in EU. The all important German number did expand but at a very moderate pace.
Read moreEuropean flows in to gold ETF’s outpaces US investment
(Kitco News) – According to data from the World Gold Council (WGC), net inflows to global gold-backed exchange-traded funds (ETFs) amounted to 13.8 tonnes in January.
Read moreGold and silver are mixed heading into the EU open
(Kitco News) – Gold and silver are once again mixed heading into the European open. Gold has moved -0.27% lower to trade at $1818/oz and silver trades 0.38% in the black at $27.42/oz. Today has the potential to be extra quiet as it is an American publi…
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