Metal Market News

(Kitco News) - Osisko Mining (OSK:TSX) today provided new high-grade analytical results from the ongoing drill program at its 100% owned Windfall gold project located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Québec.

(Kitco News) - Non-fungible tokens (NFTs) are one of the hottest trends in the cryptocurrency industry. These digital assets have raked in billions of dollars. Most NFTs are built on the Ethereum blockchain, which has been a catalyst for the price of the second-biggest cryptocurrency, though there are other platforms.

(Kitco News) - Buenaventura (NYSE: BVN), Peru's largest publicly-traded precious metals mining company, today announced that the local community surrounding the company's Uchucchacua mine initiated a strike at midnight on September 13, 2021.

(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.

(Kitco News) - Akobo Minerals announced Thursday that the Ethiopian Council of Ministers has today accepted the Large Scale Mining Licence application submitted by the company on the 7th of September 2021.

(Kitco News) - Today, Cameco, GE Hitachi Nuclear Energy, GEH SMR Technologies, and Synthos Green Energy (SGE), announced that they have entered into a Memorandum of Understanding (MOU) to evaluate the potential establishment of a uranium fuel supply chain in Canada capable of servicing a potential fleet of BWRX-300 small modular reactors (SMRs) in Poland.

(Kitco News) - KGHM, the Polish copper mining giant, today announced that it has signed a joint commitment with the companies NuScale Power, an American leader amongst producers of small modular reactors technology, and with PBE Molecule, to develop small nuclear reactor (SMR) technology.

(Kitco News) - As the world transitions to renewable energy and electric vehicles, the demand for copper will significantly increase while supply is shrinking.

(Kitco News) - The gold market is trading just off session lows, unable to find any bullish traction following mixed preliminary sentiment in the U.S. manufacturing and service sectors.

(Kitco News) - Continued volatility in the U.S. labor market is not having much impact on gold as more American workers than expected applied for first-time unemployment benefits.

(Kitco News) - Gold and silver prices are weaker in early U.S. trading Thursday.

(Kitco News) - Bitcoin-U.S. dollar prices are higher again in early U.S. trading Thursday, after slumping to a six-week low Tuesday.

(Kitco News) - The Bank of England was unchanged on rates - Rates were expected to remain on hold. It was 7-2 to maintain gilt purchase - 8-1 was expected - Ramsden and Saunders dissented (wanted a cut to £840 bln).

(Kitco News) - Both U.K. and EU manufacturing PMI missed expectations but importantly stayed in expansionary territory. Although the sectors are still growing the issue still remains that supply bottlenecks are suppressing future progress. In the U.K., the rate of job creation remained elevated, however, driven by strong hiring at service providers.

(Kitco News) - Gold and silver are both trading lower this morning. The yellow metal is down -0.25% while silver has lost -0.23%. Copper is also down -0.43% despite a strong performance on Wednesday. Spot WTI (0.58%) joins platinum (0.54%) and Palladium (0.22%) in trading on the positive side ahead of the European open.

(Kitco News) - These ‘sound money’ assets will ‘come back with a vengeance’ – Lawrence Lepard

(Kitco News) - Stocks rally, gold falls as the Fed signals next major moves - Thomas Hayes

(Kitco News) - StatCan reported that real GDP of Canada's minerals and mining subsector rose by 0.9% in the second quarter, as production followed increased demand.

(Kitco News) - The gold market saw its earlier gains reversed as Federal Reserve Chair Jerome Powell talked about "gradual" tapering while downplaying China's Evergrande contagion concerns on the U.S. market.

(Kitco News) - Trading app Robinhood is unveiling cryptocurrency wallets in October on a trial basis in response to user demand.