China's month-on-month new electric vehicles (NEV) sales rebounded in August after month-on-month declines in June and July. The drop in sales between May and June was the first drop since September 2016, but Fastmarkets MB had expected Chinese NEV sales to dip temporarily after the June subsidy changes came into effect because consumers and NEV manufacturers would have to adjust to the new subsid...Read More
Iron ore prices fell sharply in the second half of November after climbing through October, with prices for higher-grade material pioneering the decline.Fastmarkets MB daily benchmark for 65% Fe fines dropped by 22% by Monday November 26 after peaking on October 29. The 62% Fe iron ore index declined by 16% over the period, as some Chinese steelmakers started to seek larger volumes of cheaper ores...Read More
The steel scrap sector in the United States still depends on exports to Turkey, a member of the Fastmarkets research team said during the ferrous session at the Bureau of International Recycling (BIR) conference in London.This dependence persists despite the changes in the international markets created by the US' imposition of its Section 232 tariffs on imports of steel products, metals analyst Le...Read More
Seaborne pig iron has become relatively competitive versus ferrous scrap over the past year in most regions, and China is no exception. As the first chart below illustrates, the gap between the MBR's proxy for imported pig iron price in China and the Metal Bulletin's Chinese domestic heavy melt scrap price assessment had shrunk by late 2017. The premium averaged $17 per tonne this year to date, co...Read More
Eastern promise for PolarXSPONSOREDpolarxWaterton, which controls 12.09% of Hubday's outstanding shares, has nominated five directors and has been trading barbs with the miner since October, when it first sounded the alarm over its concerns about the company's leadership and strategic direction.Glass Lewis says it has has assessed Waterton's arguments and agrees Hudbay will benefit from a minority...Read More
Eastern promise for PolarXSPONSOREDpolarxThe comptroller recommended the project's environmental licence be reversed as well as the permits awarded by the water authority. This is a possibility which will be pushed for by communities in Íntag that have rejected mining for years.The Llurimagua deposit has a resource of 982 million tonnes grading 0.89% copper and 0.04% molybdenum.Eastern prom...Read More
The region is part of a series of structurally controlled vein deposits known as the White Gold District, south of Dawson City, and along the 1,200km-long Tintina gold belt. Some estimates put the placer gold recovered along the belt at between 13 and 20 million ounces, but despite the number of deposits in the area, the hard rock source of this placer gold has never been identified.Some say the d...Read More
Unusually, too, for the male-dominated mining sector, the CEO is a woman - Saila Miettinen-Lähde - a veteran of nickel producer Talvivaara where the Finnish state is today the largest shareholder. Endomines' production profile is small, at least for now, with its only producing mine, Friday in the US, expected to ramp up this year to an annual tally of about 9,000oz - although expansion is on...Read More
When was the last time you went shopping and came home with only what you set out to buy?It's rare.More likely, you went shopping and ended up with a few other things not on your list or you ended up spending a little more than you budgeted. How does this happen so regularly?A retailer's job is to squeeze every penny out of you once you walk through the door. It sounds cutthroat, but really some a...Read More
Management believes the company will shine brightly in 2019. Will the first quarter indicate that the company is on its way to making that vision a reality?Read full newsRead More
Seven people were shot dead inside a gold-mining tunnel in a southern Peruvian r...Read full newsRead More
Correction: Zinke-Gold Mining Job storyRead full newsRead More
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In case you missed it, here is this week's resource big news roundup.Read full newsRead More
"2019 Gold Stocks and Investment Report. Find out what analysts, investors and gold firms are saying about the market in this free report ... https://t.co/FKdxiwRLCq #preciousmetals #gold #investing"Read full newsRead More
There are few opportunities out there that could truly make you rich, and most of them are quite risky. Cameco Corporation (TSX:CCO)(NYSE:CCJ) is no exception, but there has been a lot of talk recently about this company being due for a huge jump in share price over the next few years — myself included.But could Cameco really make you rich? A number of things would have to happen to reac...Read More
It’s the word we all love to hear: easy. Especially when it comes to making money.But nothing in this world is free, and practically nothing comes instantly.Yet if you give it time, metal stocks Lundin Mining Corp. (TSX:LUN), Lithium Americas Corp. (TSX:LAC)(NYSE:LAC) and Newmont Goldcorp Corp. (TSX:NGT)(NYSE:NEM) could make you some crazy cash over the next five yearsLundinThis metals...Read More
The rest of the year may see turbulence in the stock markets, with an increasingly uncertain global economy fuelling investor fear. A greedy start to the year — the result of a jubilant resurgence that followed the "Christmas massacre" on the markets — is likely to give way to widespread and persistent volatility. It’s time to know what you hold and adjust in case of a downturn,...Read More