Import prices for stainless steel in East Asia increased over the past week, as the nickel uptrend prompted steelmakers in the region to raise their offers again.Fastmarkets MB's weekly import price assessment for benchmark 304 stainless 2mm trimmed cold-rolled coil in East Asia was $2,060-2,150 per tonne cif on Wednesday March 6, up $30-50 per tonne from a week earlier. Fastmarkets MB's weekly im...Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker this morning, Wednesday March 6. With the exception of aluminium that was little changed, the rest of the complex were down between 0.2% for nickel and tin and 0.9% for zinc.Copper was off by 0.4% at $6,456 per tonne, compared with $6,483 per tonne at Tuesday's close, while nickel has edged back from yesterda...Read More
Base metals prices on the Shanghai Futures Exchange were mostly little changed during morning trading on Wednesday March 6, with the complex in consolidation mode after weakness on Tuesday.Renewed concerns over an economic slowdown in China following disappointing macroeconomic data releases from the country and reports that the Chinese government had lowered its gross domestic product (GDP) growt...Read More
Like an army that has outdistanced its supply lines, the stock market runs far ahead of logistical support.Total market capitalization of U.S. stocks presently ranges to $40 trillion - or twice GDP.This 2-1 ratio is the highest in history... we might mention.Analyst John Hussman reminds us the ratio previously topped at 1.9 in 2000.That is, never before has Wall Street run so far ahead of Main Str...Read More
- 2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases- Phase 1 drilling provided "scout" drill tests within several broad new target areas and was limited due to permitting constraints- Phase 2 drilling began in early November (upon approval of the district-wide Environmental Assessment and Plan of Operations) and provided a first test to several drill targets in...Read More
In a recent article about "The Seven Deadly Sins of Retirement," I said soaring healthcare costs were a major topic that seniors need to think about. I also suggested you consider ways to shelter as much money as possible from nursing homes or government-run healthcare programs.This is not the first time I've said as much, and it once prompted a reader named Pat to write in with the following resp...Read More
Are you counting on a big tax refund to help with expenses this year?Better call your accountant or double check your return - because you might be among the many Americans who will be extremely disappointed with their tax refunds this year.According to the IRS, American tax refunds so far are coming in 8.7% lower than last year. The media has been running with this story, coming up with frantic h...Read More
The following Fastmarkets minor metals prices changed on Wednesday March 6:Antimony MB free market regulus, $/tonne: $7,500-7,800 per tonne from $7,700-7,900Antimony MMTA standard grade II, $/tonne: $7,500-7,800 per tonne from $7,700-7,900Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 47,000-48,000 yuan per tonne from 47,500-48,500 yuanBismuth...Read More
An overview of the noble alloys markets and the reasons for any price moves.Read More
Key data from the Wednesday March 6 pricing session in Europe. Key drivers Recent market sentiment continues to be focused on supply worries, pushing up ferro-titanium offer prices in the past week. The rally has been fueled by apparent market short-covering against a potential loss of 350 tonnes per month to the spot market from one major supplier.World production capacity of 70%-grade ferro-tit...Read More
China's largest steel mill, Hebei Steel, has cut its monthly purchase price for silico-manganese for the third consecutive time amid lower spot prices. The mill has offered to buy silico-manganese at 7,780 yuan ($1,160) per tonne for March delivery. The price includes delivery costs and payment through an acceptance draft, according to market sources in China. The latest tender is about 120 yuan l...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday March 6:Aluminium scrapGroup 1 pure 99% & litho: ?1,300-1,350 per tonne from ?1,340-1,390Commercial pure cuttings: ?980-1,020 per tonne from ?1,010-1,050Clean HE9 extrusions: ?1,300-1,350 per tonne from ?1,340-1,380Loose old...Read More
The new head of the Chemical and Biological Engineering Department at Colorado School of Mines hopes to increase the visibility of the impactful faculty research happening on campus in the energy and biomedical sectors and beyond. Anuj Chauhan, who joined Mines in August, comes from the University of Florida, where he served on the chemical engineering faculty since 2001. "This department is doi...Read More
With Barrick Gold's (TSX: ABX; NYSE: GOLD) hostile takeover bid for Newmont Mining (NYSE: NEM) and the scrutiny of both companies' assets in Nevada, Gold Standard Ventures' (TSXV: GSV) Railroad project in the state is "increasingly an attractive potential target," mining analysts at Macquarie Research claim in a recent research note."Gold Standard Ventures has the largest undeveloped oxide gold de...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAmong the fatigued would be Cardinal...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpBeloved son and heir is moving along...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesBarrick's proposed acquisition of Newmont is a real blast from the past. Back in 2005 Barr...Read More
ArcelorMittal has agreed to a provisional transportation deal with a Bosnian regional railway company, the steelmaker said on Wednesday, allowing production to resume at its iron ore mines in northwestern Bosnia.Production at the mine was halted after talks on the deal with the Zeljeznice RS railway company collapsed last week. Transportation of iron ore was also halted.ArcelorMittal, the world's...Read More
Mining Journal takes the pulse of leading brokers on the big four London-listed diversifiedsRead full newsRead More
The Fed is finally considering stricter rules on foreign bank branches to tighten what critics say is a loophole that has allowed overseas lenders to shield assets from the toughest U.S. bank rules.Read full newsRead More