Huge bets that gold could triple to $4,000 trade in New York
The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year.
The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year.
Expectations are for the molybdenum market estimated at around 580 million lbs to be balanced or see a small deficit this year.
Suspension comes more than a month before the world's biggest cobalt mine was set to go into care and maintenance.
The company said that the decision to shut Nifty would allow it to focus on its Renison Tin Operations in Tasmania.
John Hathaway, chairman of Tocqueville Management Corp. and co-manager of the Tocqueville Gold Fund, recently discussed the state of the gold investment space.
For all the talk of ditching fossil fuels to fight climate change, coal remains king in much of the world.
China said this month it’s raising its annual mining quota for rare earths to 132,000 tonnes, 10% above last year’s record high.
The southern Bolívar state is besieged by irregular groups pushing to take control of placer gold mines.
Premiums dropped to $2-$3.50 an ounce in top consumer China, compared with last week's $4-$4.50 an ounce range.
Vale is on course to end 2019 with roughly $18 billion in adjusted Ebitda.