Oil prices set for biggest weekly drop in a month - 21 Apr 2017 ~ commodity expert

Yukon Gearing Up For another Gold Rush as Majors Stake Their Claims.

More than 100 years after the original gold rush that put the Yukon on the map, Canada’s western territory is gearing up for what some are expecting will be another important era in the region’s gold production. It has been almost a year since Goldcorp stepped into the Yukon, purchasing Kaminak Gold for more than $500 million. Since then two other majors have staked a claim in the territory in December. Agnico Eagle invested more than $14.5 million for a 20% stake in White Gold Corp., which has one of the largest exploration land packages in the Yukon. Finally, last month Newmont Mining announced it would spend $39.5 million to explore and develop Gold strike’s Plateau property.According to Yukon mining executives, the growing interest from major mining companies has created renewed excitement to develop the region’s resource and many of them are capitalizing on this newfound interest.

Chalco Hikes Aluminum Prices Sharply in Major Markets on Apr. 21.

China Aluminum International Trading Co. (Chalco Trading) raised aluminum prices it offered in major markets notably today after big cuts yesterday, it said on its WeChat.

Oil prices set for biggest weekly drop in a month.

Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more than two years. Reuters' technical analyst Wang Tao said that WTI had support just above $50 per barrel, while Brent had support around $52.55. stable prices on Friday followed a more-than-3.5 percent fall in both benchmarks earlier this week as doubts emerged over the effect of an effort led by the OPEC to cut production by almost 1.8 million barrels per day (bpd) during the first half of the year.

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