Three-month base metals prices on the London Metal Exchange were weaker on the morning of Thursday December 6, with the complex down by an average of 0.9%. Continued weakness in equities, bond yields and increased trade tensions between the United States and China seem to be weighing on sentiment. Three-month zinc and nickel prices led the declines with drops of 1.3% and 1.2% respectively, wh...Read More
Steel billet import and domestic rebar prices in Egypt have been stable over the past week amid poor demand, sources said on Thursday December 6.Fastmarkets' weekly price assessment for steel billet imported into Egypt was $450-460 per tonne cfr on Thursday, unchanged week on week.Billet producers in the Commonwealth of Independent States (CIS) were offering material at $450-460 per tonne cfr, but...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price assessments, please follow the links below:China- APT, fob China- Ferro-tungsten, fob China Europe- APT, cif Rotterdam - Ferro-tungsten, in-warehouse...Read More
The European ferro-molybdenum market has climbed almost 2.5% in trading by the midweek pricing session on Wednesday December 5, tracking a previous increase in the oxide market, with alloy prices now back to a level last seen on September 14. The ferro-molybdenum, basis 65%, in-warehouse Rotterdam price has risen to $29.50-29.70 per kg, from $28.80-29 per kg on November 30. Around 65 tonnes o...Read More
Lower lithium prices than a year ago have led to differing price expectations between producers and consumers of lithium compounds in their negotiations for 2019 supply contracts. In light of lower spot prices in China, lithium consumers are seeking to lock in lower contract prices for 2019 by referencing the Chinese spot market price in their deals. But lithium producers are trying to keep prices...Read More
Chinese lithium producer Tianqi Lithium has purchased 23.77% of A shares in Sociedad Quimica y Minera (SQM), which were previously owned by Canada's Nutrien. A total of 62,556,568 A shares in SQM were sold for $4.066 billion at a minimum price of $65 per share, the Chilean Stock Exchange said in the Chilean morning of Monday December 3. All formalities for the completion of this deal will be final...Read More
Mahenge 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 mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineBut the matter is being complicated by the junior having no further claim of ownership to the PSV.A subsidiary of the...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 39 points in pre-opening trade. Index futures are responding to the arrest in Canada of Huawei's Chief Financial Officer in response to a request by U.S. officials. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the U.S. October trade deficit was $55 billion. Ac...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company filed a miscellaneous licence application on November 22 for the road, which stretches several hundred kilometres inland to its exploration licence.The application includes ...Read More
Vale will buy Brazilian privately-owned Ferrous Resources Ltd as part of its "bolt-on acquisitions" strategy, it said on Thursday December 6. The world's largest iron ore producer will buy the small miner for $550 million, the company said. Ferrous Resources operates iron ore mines close to Vale's own assets in the southeastern state of Minas Gerais, with sales volumes of 3 million tonnes in 2017...Read More
Seaborne iron ore prices slipped on Thursday December 6, with futures and swaps markets weakening, while buyers remained cautious over big tonnages.MB 62% Fe Iron Ore Index: $66.59 per tonne cfr Qingdao, down $0.79 per tonne.MB 62% Fe Pilbara Blend Fines Index: $65.86 per tonne cfr Qingdao, down $0.79 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $70.13 per tonne cfr Qingdao, down $1.08 per tonn...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
Seaborne coking coal spot market quietened down on Thursday December 6 amid an absence of bids."The bid that had been increasing in the past one-and-a-half weeks - from $205 per tonne fob Australia to $235 per tonne fob Australia - is now gone following the emergence of a counter offer," a Chinese trading source said.The source was referring to the bid made for a branded January-loading shipment o...Read More
Iron ore producer Vale will use a 65% Fe iron ore index to price its pellets next year, moving away from using a 62% Fe iron ore index as the base price for such cargoes, executive director Peter Poppinga said this week.Speaking at the company's investor day at the New York Stock Exchange on Tuesday December 4, Poppinga said the decision made sense as the 65% Fe iron ore and pellet [pric...Read More
When I was a young boy in elementary school, my rich dad was already putting ideas in my head about the differences between the rich, the poor, and the middle class.My rich dad would say, "If you want job security, follow your dad's advice" - my real father - "if you want to be rich, you need to follow my advice."Rich dad then went on to show me the difference between his investment plan and my da...Read More
China's ferrous futures mostly weakened during morning trading on Thursday December 6, with the exception of the coking coal contract, which inched up.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,395 yuan ($495) per tonne, down 23 yuan per tonneMay hot-rolled coil: 3,319 yuan per tonne, down 4 yuan per tonneDalian Commodity Exchange May iron ore: 470.50 yuan per...Read More
Desperate times call for desperate measures.That is the justification for Canada’s most right-wing Province abandoning free market capitalism this week.On Sunday, the Alberta Government announced that it will be enforcing a mandatory production cut of 8.7 percent for all oil producers operating in the province.There is an exclusion for the really small operators, many of whom could be bankru...Read More
Start off every day with a smile, said W.C. Fields - "and get it over with."Thus we force a grin to start today's reckoning, here expressed verbally:The stock market did not lose one solitary point today.Our duty to Mr. Fields now discharged in full, we proceed with a scowl…The exchanges were closed today in honor of the nation's late 41st president, George Herbert Walker Bush.Hence no losse...Read More
ELKO, Nevada, December 6, 2018 /PRNewswire/ --- U.S. Gold Corp. is approaching completion of a 6-hole, target-test, reverse circulation drilling program of approximately 10,000 feet (approx. 3,500m) - The drill program is testing a number of important target localities that were previously inaccessible because of permitting limitations - Drill samples are being sent to Bureau V...Read More
Alto Ventures (TSXV: ATV) announced today that it has received a work permit to carry out exploration programs consisting of line cutting, ground geophysics and 3,000 metres of diamond drilling on its Oxford Lake project in Manitoba, central Canada. The work permit, however, was issued with certain conditions including a requirement that a heritage resource impact assessment is completed before wo...Read More