Rumors that around 1,000 tonnes of bismuth held in Fanya warehouses may be auctioned dampened buying interest in China, causing the domestic Chinese bismuth price to plunge by 4% week on week on Friday May 17. Fastmarkets assessed the Chinese domestic bismuth price at 41,000-44,000 yuan ($5,959-6,395) per tonne on Friday, down from 43,000-45,500 yuan per tonne a week earlier. The latest price...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday May 17:Antimony MB free market regulus, $/tonne: $6,900-7,150 per tonne from $7,000-7,200Antimony MMTA standard grade II, $/tonne: $6,800-7,000 per tonne from $6,900-7,100Bismuth MB China domestic, yuan/tonne: 41,000-44,000 yuan per tonne from 43,000-45,500 yuanChromium MB free market alumino-thermic, $/tonne: $8,100-8,400 per tonne f...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Trade war concerns between China and the U.S. were elevated overnight.Today is triple witching day when May equity and index options and futures last trade. Look for volumes in U.S. equity markets to be higher than average. Applied Materials gained $0.79 to $42.45 after reporting higher...Read More
The firmer tone of recent days has subsided this morning, Friday May 17, with some talk out of China that they are in no hurry to resume trade talks no doubt weighing on sentiment. That said, US economic data out on Thursday was generally robust with strong data on housing starts, the Philadelphia Fed manufacturing index and initial jobless claims, which somewhat countered the poor data from Wedne...Read More
European stainless steel prices for long and flat products were stable this week despite low demand and a pessimistic outlook on the market for the remainder of 2019, sources told Fastmarkets MB on Friday May 17. Market participants attributed the poor demand to a several factors weighing on the economic performance in Europe. "There's Trump and China, Brexit, the gilets jaunes protests in France,...Read More
Norway-based ferro-silicon producer Elkem will temporary cut production at its European operations because of weakening prices and plentiful supply. "As a consequence of the sharp decrease in ferro-silicon prices and oversupply in the European market, Elkem is planning temporary reductions of production capacity," the company said on its website. The first capacity adjustment is planned in June, w...Read More
Memorial Day is one of the biggest three-day-sale weekends of the year, and retailers will be slashing prices on almost everything, from mattresses to appliances, outdoor gear and more. But while Memorial Day sales cover almost all product categories, there are some deals that are better than others. To make sure you get the best deals and skip the worst, I've compiled a list of what to buy and wh...Read More
Summer is approaching. That means vacations for many families. AAA estimates that 100 million Americans are planning a getaway, more than half opting for a road trip. But with gasoline prices inching higher, traveling could cost more than you may have expected. And for anyone on a tight budget, that could mean cutbacks on other parts of your trip. As of mid-May, the national average price for a ga...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday May 17:Aluminium scrapFloated Frag: ?,?990-1,040 per tonne from ?,?1,010-1,050Cast: ?,?890-910 per...Read More
Domestic prices for ferrous scrap in Italy have declined over the past month in line with falls in the international scrap markets, sources told Fastmarkets on Friday May 17.The monthly price assessment for Italian grade-E3 scrap was ?,?250-270 ($280-302) per tonne delivered on May 17, compared with ?,?260-275 per tonne delivered in the assessment on April 15.Fastmarkets' daily index for Northern...Read More
Scrap prices in Asia were largely steady this week, but they are expected to rise after the United States lowered its Section 232 duty on Turkish steel by half, market sources told Fastmarkets MB."Turkey will likely increase its demand for ferrous scrap, so prices off the US East Coast will increase and support the market," a seller in the North American country said.But the lowering of the tariff...Read More
Congratulations to the Colorado School of Mines graduating class of 2019. This video highlights parts of the undergraduate and graduate commencement ceremonies that took place on May 9 & 10 in Lockridge Arena. Want to hear more from our graduates? Check out the other videos below. Undergraduate ReflectionsGraduate Reflections Read More
This episode features the first of a two-part conversation with strategist, lawyer and author Bill Gallagher on the topic of Canada's Indigenous People and their land rights, and how that relates to resource development in the country.Bill GallagherBill is the author of two popular books on the topic: the recently published Resource Reckoning: a Strategist's Guide from A to Z and the 2012 mileston...Read More
American Battery Metals (CSE: ABC) announced on Friday that it has significantly expanded the size of its Temple Mountain vanadium project in Emery County, Utah, USA.The Company has doubled the size of its land package through the staking of an additional 52 new claims to the north east following the trend discovered through the recently completed geophysical survey.The claims were staked by Carl...Read More
Canada is giving the country's mining association more than C$325,000 ($242K) to develop a program that would give miners the tools and knowledge needed to better plan for climate change in decision-making at all stages of an operation's life.The project - Climate Change Risk and Adaptation Best Practices for the Mining Sector - was announced Friday by Paul Lefebvre, Parliamentary Secretary t...Read More
Diamond Fields Resources (TSX-V: DFR) announced that it has entered into a cooperation agreement with TMH Acquisition, a special purpose vehicle established by the Denham Mining Fund, to advance the company's Beravina project in Madagascar.In a press release, Diamond Fields said that pursuant to the agreement, TMH will make an immediate payment of $250,000 and will fund the next stage of explorati...Read More
"Christopher Ecclestone is a Principal and #miningstrategist at #Hallgarten & Co and we are delighted to welcome him on stage for our Outlook Panel:Which #batterymetal has the strongest outlook?#MJS #MJSelect"Read full newsRead More
"We have combined our renowned industry insight and project knowledge to put together a two day event to both discuss key market issues, and promote only the best opportunities to our global investor audience. Check out our latest agenda #MJS #MJselect: https://t.co/NOygAHIFEZ"Read full newsRead More