South African miner Tharisa produced a record 1.4 million tonnes of chrome concentrate for the year to September 30, 2018, while a sharp weakening of chrome prices offset the benefit of a higher platinum group metal (PGM) basket price.Tharisa's chrome concentrate production rose 8.8% year on year and sales rose 24.8% to 1.6 million tonnes. Earnings before interest, tax, depreciation and amortizati...Read More
For investors, buying shares of an undervalued stock is good.But there is something much better.I’m talking about buying shares of an undervalued stock where there is also a near-term catalyst on the horizon that will force the market to properly value the company.Value with a catalyst. Yes, that is much better.With that in mind, I present to you Halcon Resources (HK).An undervalued opportun...Read More
Turkish steel mills extended their absence from the deep-sea scrap market on persistently poor demand for finished steel and with no recovery in sight, sources told Fastmarkets on Thursday November 29.After booking three deep-sea cargoes from the United States and the United Kingdom at the end of the last week, steel mills in Turkey paused their buying activity because of the sluggish demand...Read More
Fastmarkets proposes to refine the specifications for three pig-iron price assessments in the United States and Brazil to reflect existing market conditions.Fastmarkets invites market participants to take part in a market consultation to refine the specifications of the three prices below. Fastmarkets has added the chemical compositions into the specifications to specify the phosphorous content of...Read More
Fastmarkets is hosting a free web seminar to discuss the new Singapore Exchange (SGX) 65% Fe derivative contract on December 11. We will examine how changes in the iron ore market have prompted the need for this high-grade derivative, the opportunities the contract offers and the methodology behind our iron ore index. The next stage of evolution for the iron ore market is here, with the SGX announ...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
Physical iron ore trading was mainly inactive on Thursday November 29, with Chinese mills cautious of buying despite gains in the futures and steel markets.MB 62% Fe Iron Ore Index: $66.51 per tonne cfr Qingdao, up $0.16 per tonne.MB 62% Fe Pilbara Blend Fines Index: $65.78 per tonne cfr Qingdao, up $0.16 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $69.30 per tonne cfr Qingdao, down $0.34 per...Read More
Supply concerns in the seaborne coking coal market eased on Thursday November 29 with the lifting of a suspension of services on a major rail line for the steelmaking raw material in Queensland, Australia.Coal services "are recommencing on the Blackwater corridor following visual inspections of the track this morning," a spokesperson for rail freight operator Aurizon said via email during the day....Read More
China's ferrous futures retreated during the morning trading session on Thursday November 29 after a short-lived recovery a day earlier. Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,594 yuan ($517) per tonne, down 62 yuan per tonneJanuary hot-rolled coil: 3,434 yuan per tonne, down 31 yuan per tonneDalian Commodity Exchange January iron ore: 474.50 yuan per t...Read More
Base metal prices on the London Metal Exchange were higher during morning trading on Thursday November 29, with market confidence boosted by US Federal Reserve chairman Jerome Powell saying that the central bank may soon be in a position to pause the interest rate hikes. "The market is looking more confident this morning due to Wednesday's Federal Reserve comments, but likewise it is still nervous...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday November 29*Copper -$184.77 (-1,285.13 yuan) Aluminium -$435.73 (-3,030.61 yuan) Zinc -$105.05 (-730.68 yuan) Nickel $429.68 (2,988.58 yuan) *Fastmarkets MB calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
China's domestic hot-rolled coil prices moved up slightly on Thursday November 29 but its export segment remained unchanged. DomesticEastern China (Shanghai): 3,580-3,600 yuan ($515-518) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,490-3,500 yuan per tonne, narrowed upward by 10 yuan per tonneHRC futures traded above Wednesday's settlement price of 3,423 yuan per tonne for most of th...Read More
World manganese ore supply reached 1.98 million tonnes of manganese units in October, up 11% against September and nearly 20% year on year, according to the latest data from the International Manganese Institute (IMnI).Supply from the Asia and Oceania region jumped 30% against August and 22% year on year to 666,000 tonnes due to miners in China ramping up to feed manganese-alloy smelter restarts w...Read More
CALGARY, Alberta, Nov.29, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc., are pleased to provide additional analytical results for the recently completed mapping and sampling program on its 100% owned Mineral Mountain copper project located approximately 15 miles east of Florence...Read More
Three-month base metals prices on the London Metal Exchange were being pushed and pulled by cross currents this morning, Thursday November 29. Nickel, lead and tin showed gains averaging 0.4%, while copper, aluminium and zinc were down by an average of 0.4%. Copper was off by 0.4% at $6,230 per tonne.Volume across the complex has been average with 5,189 lots traded as at 7.33am London time. Wednes...Read More
November 29, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce that it has encountered kimberlite in 10 out of 11 holes drilled at the kimberlite target. The new drilling seems to expand the kimberlitic body to a minimum 20 hectares in size. HQ sized core drilling is ongoing with the objective to test for further extension of the kimberlitic units as...Read More
Last year, Matt Baldin and Sam Reinehr were happy just to qualify for the world finals of the ACM International Collegiate Programming Contest.This year, the Mines seniors have much bigger plans."This year we're going to try to do well," Baldin said. "We want to be top 30 and I think that's achievable."Baldin and Reinehr will have a chance to do just that, after winning the Rocky Mountain Regional...Read More
The price of cobalt sulfate in China fell again this past week after producers surrendered to aggressive bidding by consumers in the run up to the end of the year, a time when both parties face extreme financial constraints.Fastmarkets MB assessed the price of cobalt sulfate (Co 20.5% min) in China on an ex-works basis at 68,000-73,000 yuan ($9,776-10,495) per tonne on Wednesday November 28, down...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSince, late 2015, the mining world has been enjoying the effects of rebounding commodity prices and, more s...Read More
Testing at Rubicon Minerals'(TSX: RMX; US-OTC: RBYCF) Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate, as well as the new geological model and structural interpretation of the F2 deposit, the company says.Over the summer and fall, Rubicon extracted material from three test stopes in the upper areas of the deposit where modelled grad...Read More