Domestic prices for ferrous scrap in Italy have decreased over the past month, sources told Fastmarkets on Monday April 15.The monthly price assessment for Italian grade-E3 scrap was ?,?260-275 ($294-311) per tonne delivered on April 15, compared with ?,?270-285 per tonne delivered in the previous month.The reasons behind the decrease were slower scrap buying activity by Italian mills, lack of dem...Read More
Seaborne iron ore prices went through corrections on Monday April 15, while prices for high-grade products remained robust, Fastmarkets has heard.MB 62% Fe Iron Ore Index: $95.42 per tonne cfr Qingdao, down by $1.05 per tonne.MB 62% Fe Pilbara Blend Fines Index: $94.20 per tonne cfr Qingdao, down by $1.54 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $98.57 per tonne cfr Qingdao, up by $0.25 per...Read More
The cfr China low-vol pulverized coal injection (PCI) segment of the seaborne coking coal market picked up some strength on Monday April 15 after an end user with an urgent need of materials paid a slightly higher-than-expected price for a cargo.A shipment of second-tier PCI that is on its way to China was heard to have been sold to the mill in southern China at $132.50 per tonne cfr China.Market...Read More
JOHANNESBURG – Tiffany & Co has been expanding its workforce in sub-Saharan Africa – a region of almost one-billion people where the jewellery giant does not have a single store.More than a quarter of the New York-based company’s 1 500 global diamond cutters and polishers are now based in Africa, CEO Alessandro Bogliolo said in an interview in Cape Town. Tiffany has factories...Read More
The transaction prices and volumes of seaborne iron ore pellets and concentrate picked up in the week to Friday April 12 due to recovering demand for high-grade materials from Chinese steelmakers.PelletsFastmarkets' weekly MB 65% Fe Blast Furnace Pellet index was at $127.50 per tonne cfr China on Friday, up by $1.37 per tonne from a week earlier.While an unspecified brand of 64% Fe Indian pellet w...Read More
RAPAPORT... The original manuscript that brokered the cutting of the3,106-carat Cullinan diamond to create the Crown Jewels of Great Britain isgoing under the hammer at Bonhams. The sale includes the documents the representatives of KingEdward VII and London diamond brokers M.J. Levy & Nephews signed in January1908. A paste replica of the Cullinan diamond in its original rough form, aswel...Read More
German steelmakers have settled monthly scrap contracts for April at largely stable prices, sources told Fastmarkets.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Germany was ?,?265-285 ($299-322) per tonne delivered on April 12, unchanged over the month. The assessment represents deals heard in the market. The negative impact from the decrease in international scr...Read More
Aim-listed diversified miner Vast Resources has raised £600 000 through a placement and subscription of around 440-million shares at a price of 0.135p apiece.The placing was for 407-million ordinary shares, and the subscription was for 37-million shares, of which 29-million and 7.4-million shares were taken up by directors Roy Tucker and Andrew Prelea, respectively.AdvertisementThe proceeds...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixThe company had reported the action in February and yesterday said Apri...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixJiulian reported a 541m intercept from 6m grading 0.41g/t gold-equivale...Read More
Base metals prices on the London Metal Exchange consolidated during morning trading on Monday April 15, with prices broadly rangebound amid low volumes while a price difference of nearly $1,000 per tonne continues to separate zinc and lead futures. Three-month copper continues to trade just below $6,500 per tonne after climbing by just under 2% last week. The red metal's on-warrant stock levels re...Read More
Eastern promise for PolarXSPONSOREDpolarxBHP has agreed to subscribe for 3.44 million Midland units at C$1.70 for total investment of $5.85 million. Each unit comprises a common share and purchase warrant entitling the holder to buy another share at $2.05 for 18 months.The investment gives BHP a 5% stake in the company.Eastern promise for PolarXSPONSOREDpolarx"This investment will provide Midland...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCardinal's Namdini Ore Reserve Now 5.1 MozSPONSOREDcardinal resourcesYamana will receive $800 million cash at closing and additional consideration of up to $125 million based on the price of gold over a five-year period, a $100 million payment...Read More
Eastern promise for PolarXSPONSOREDpolarxAmerigo has a unique and distinctive mineral extraction business model that is difficult to find fault with given it counts with a decade's-long supply of raw material at its Minera Valle CentralRead More
Sales and exports of cobalt hydroxide produced at Glencore's Katanga Mining in the Democratic Republic of Congo have restarted at a limited rate. About 930 tonnes of contained cobalt that has been processed to comply with regulations on uranium levels have been produced since January 2019 - about 22.5% of the mines production since the beginning of the year, Katanga Mining said on Monday April 15....Read More
One concern at this year's Minor Metals Trade Association (MMTA) conference overshadowed all other bearish factors affecting minor metals prices this year: the potential release of metal stocks held by the failed Fanya Metal Exchange. While global uncertainty and oversupply continue to weigh on minor metals price sentiment in 2019, as expected, most delegates on the sidelines of the conference in...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Goldman Sachs (GS $207.84) was virtually unchanged after reporting higher than consensus first quarter earnings. The company also raised its dividend. Citigroup added $0.25 to $67.42 after reporting higher than consensus first quarter earnings. Wells Fargo dropped $0.71 to $45.78 after Goldm...Read More
Secondary aluminium ingot prices in Europe fell to their lowest level since November 23, 2018 on April 12 and European scrap prices, having previously held relatively firm, finally fell in line.Fastmarkets assessed the premium for European aluminium pressure, die-casting ingot DIN226/A380, at ?,?1,430-1,470 per tonne on a delivered consumer-works basis on Friday April 12, down ?,?10 per tonne at t...Read More
Paying with your debit card might seem like a responsible move. After all, getting in the habit of whipping out your credit card whenever you have to make a purchase might lead to overspending.But from a security standpoint, paying with a credit card is actually the better move.By the end of this year, credit and debit card fraud is expected to reach $33B globally. While a criminal can steal your...Read More
Two graduate students at Colorado School of Mines have received funding from the U.S. Department of Energy to conduct a portion of their thesis research at a national laboratory. Erin Bertelsen and Anna Ryken were among 70 students at 52 universities nationwide selected for the Office of Science Graduate Student Research Program this year, DOE announced April 12. Bertelsen, a PhD candidate in ap...Read More