Trade uncertainties weigh on prices Zinc prices are retesting support below $2,600 per tonne at the start of this week after the three-month benchmark stalled Thursday at $2,646.50 per tonne. Escalating trade tensions are at the root of the weakness, with Chinese authorities announcing an increase in duties on $60 billion worth of US goods from June 1 in retaliation to higher tariffs imposed by th...Read More
The recent downtrend in Chinese domestic ferro-silicon prices continued in the week ended Friday May 17 amid an abundance of the material, while sentiment remained bearish due to weak demand from the country's steel and magnesium markets. Chinese market extends losses amid ample supply. Sluggish demand compounds weakness in China. European market steady, further cements price floor. US market flat...Read More
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Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade.Home Depot slipped $1.20 to $189.75 despite reporting higher than consensus first quarter earnings.Autozone gained $22.17 to $1000.00 after reporting higher than consensus fiscal third quarter earnings. Kohl's dropped $5.91 to $57.00 after reporting lower than consensus first quarter sale...Read More
Fastmarkets MB is proposing to discontinue the stainless steel 304 Europe raw materials index. Fastmarkets is seeking feedback on its proposal to discontinue the EU domestic stainless steel 304 Europe raw materials index.This index, which aims to represent the costs of the raw materials needed to produce grade-304 stainless steel, is updated weekly on a $ per tonne basis. The consultation per...Read More
Stainless steel mills and ferro-chrome smelters in China are likely to curtail their production in June, should domestic stainless steel and ferro-chrome prices continue to weaken amid lingering poor demand and prevailing bearish sentiment, sources told Fastmarkets. Some Chinese stainless steel mills, which are already suffering losses, may have to curtail part of their production next month if do...Read More
Currency fluctuations knocked chrome ore buying interest in China in the week ended Friday May 17 due to higher import costs, causing UG2 and Turkish lumpy chrome ore prices to tumble week on week. Ore prices drop after yuan depreciation raises import costs.Domestic and imported alloy prices drop in China. South Korea and Japan markets flatline in thin trading. European alloy prices dip on weak d...Read More
Despite a large body of science supporting the benefits of taking naps, I almost never sleep during the day.But this past Saturday, after a full morning watching my daughter compete in the West Coast surfing championships, I felt pretty worn out. And with a big group dinner planned for that night, I went back to our Airbnb in need of a recharge.Most people would just crawl into bed. Me? I have to...Read More
May 21, 2019 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce that Phase One of the 2019 exploration program will begin on June 1st. The program will focus on the 660-km2 Rau Project, located at the western end of its Rackla Gold Property.This year's program will follow-up on high-grade gold, copper and silver results from 2018, as well as additional exploration op...Read More
This episode wraps up our 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 affects resource development in the country.Bill GallagherBased in Waterloo, Ont., Bill 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...Read More
ATAC Resources of Vancouver is starting the first phase of exploration at its Rau project, at the western edge of the Rackla gold property 55 km northeast of Keno City. The current program will follow up on high grade gold-copper-silver results from last year.Phase one at Rau includes ground based induced polarization (IP) and magnetic surveys over a 12 km2 area including the Bobcat target and the...Read More
The world's largest miner, BHP (ASX, NYSE: BHP), has lifted its forecasts for the global adoption and sales of electric vehicles (EVs), but warns the electrification of the transport sector will proceed only as fast as the development of charging infrastructure does.BHP now estimates that at least 132 million EVs will be on the world's roads in 2035, and at least 561 million by the middle of the...Read More
Rare earths miner Lynas Corp (ASX: LYC) said Tuesday it intended to relocate its contentious processing plant from Malaysia to one of two preferred sites in Western Australia, where its Mt Weld mine is located.The company, the world's only major producer of rare earths outside China, said the A$500 million-plan ($346 million) aims to boost production, appease Malaysian regulators and fend off tak...Read More
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said.British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will...Read More
"Discover the Top 100 METS Companies in the 2019 Global METS Investment Report. 46 service companies, 33 equipment, 12 technology and nine consumable suppliers - recorded US$84.9 billion of mining/metals revenues in 2018.https://t.co/xc7LR1rx1t"Read full newsRead More
". @AlexaCapital Co Founder Gerard Reid is a leading global expert in the areas of energy and mobility and we are pleased to welcome him on stage at #MJSelect this June. Gerard will be joining a panel of experts on: Which #BatteryMetal has the strongest outlook? #MJS"Read full newsRead More
A home built on a retired gold mine in Big Sur, Calif. is for sale for $2.25 million.Read full newsRead More
A report from Bloomberg on Thursday had indicated that Iamgold was exploring a sale of the company, garnering at least some interest from speculators who chase buyout rumors.Read full newsRead More
McEwen Mining Inc. (MUX) (MUX.TO) provides an update on the fatal accident involving a contractor's employee that occurred on Monday, May 13, 2019 at the Gold Bar Mine in Nevada.The formal investigation by local authorities is not complete, but preliminary analysis by McEwen Mining suggests thatRead full newsRead More