Fastmarkets proposes to change the calculation basis for the China cobalt sulfate, Co 20.5% min, ex-works adjustment to the standard-grade cobalt low-end price to 100% Co basis from the current Co 20.5% basis. As part of the consultation, Fastmarkets also proposes to change the name of this assessment to China cobalt sulfate, Co 20.5% min, ex-works, adjustment to standard-grade cobalt low-end pric...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Three-month base metals prices on the London Metal Exchange were for the most part weaker again this morning, Friday March 8, and weak Chinese trade data has not helped sentiment.With the exception of aluminium that was up by 0.1%, the rest of the complex were down between 0.2% for tin and 0.7% for nickel and zinc. Copper was off by 0.5% at $6,403 per tonne, compared with $6,435 per tonne at Thurs...Read More
The big story today is the February jobs report.In the parlance of the trade, it was a "miss." And not by a jot, not by a tittle, not by a whisker.Economists as a whole divined the economy would add 175,000 jobs last month.What was the actual number?A mere 20,000 - miles and miles beneath expectations - and the worst monthly showing since September 2017.Consider: The United States economy has aver...Read More
When you travel out of the U.S. you need a passport. And some countries won't let you enter unless your passport is valid for at least six months beyond the dates of your trip. Moreover, the airline might not let you board if that requirement isn't met. Not to worry ... renewing your passport by mail is an easy task. You just need a new photo, $110, and Form DS-82. And in 4-6 weeks you'll have you...Read More
After "the sharpest rally since the global financial crisis recovery" - Goldman's phrase - has the stock market peaked for the year?Today we weigh the evidence... and hazard a conclusion.The major averages jumped over 20% from their Christmas Eve bottoms.The Dow Jones catapulted over 4,000 points valley to peak.The S&P, 450. And the Nasdaq, some 1,250 points.VIX - Wall Street's "fear gauge" -...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday March 8:Aluminium scrapMixed turnings 6%: ?,?810-850 per tonne...Read More
Asian ferrous scrap prices have rebounded due to strong demand in Asia, market sources told Fastmarkets this week, with steel mills in Taiwan and South Korea booking both containerized and bulk cargoes. Price increases in key bellwether market Turkey also supported sentiment, with sellers attempting to hike offers.VietnamImport prices into the Southeast Asian nation were higher due to strong deman...Read More
Several producers have booked second-quarter aluminium supply in Japan at a premium of $105 per tonne basis main Japanese ports (MJP) delivery, with more than 20,000 tonnes of concluded business so far, Fastmarkets learned on Friday March 8. The premium over LME cash prices, if adopted by remaining producers and consumers, would mark a 25% increase from the $83-85 per tonne benchmark agreed for fi...Read More
With several underground mines and two processing plants at its Segovia and Marmato operations in Colombia, Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) is the South American country's largest underground gold and silver producer.Gran Colombia Gold's mining operations also incorporate an artisanal miner model that contracts third-party miners to work on its concessions and deliver mineralized mate...Read More
Crystal Lake Mining's (TSXV: CLM; US-OTC: SIOCF) maiden drill program has uncovered a new copper discovery consisting of more than 20 mineralized zones at its 430-sq.-km Newmont Lake project northwest of Eskay Creek in B.C.'s Golden Triangle.Last fall the company drilled 550 metres across four reverse circulation holes at the project's Burgundy Ridge target, hitting copper, gold and silver mineral...Read More
Lucara sells large diamonds for US$32.5mPrecious stonesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftIf my fading memory serves he is, like you, Australian. I am not.&n...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpOn February 25, the Supreme Court of...Read More
"A push by the world's biggest gold miners to get even bigger will likely have a knock-on effect among their competitors https://t.co/7YN0uh7EHu via @markets"Read full newsRead More
"$CMLEF - Cominar Real Estate Investment Trust (CMLEF) CEO Sylvain Cossette on Q4 2018 Results - Earnings Call Transcript https://t.co/kFXpuuC29w"Read full newsRead More
The frantic rescue mission to save dozens of Indonesian workers trapped in a gold mine has come to a somber halt. Authorities pulled the plug on the perilous and daunting operation on Thursday as constant rockfall jeopardized rescuers' safety, reported The Associated Press. Budi Purnama, director of operations at the National Search and Rescue Agency, stated that the remains of 27 victims had been...Read More
Jim Cramer talks with Barrick Gold CEO Mark Bristow about his company's bid for Newmont Mining.Read full newsRead More
On March 4, 2019, Newmont Mining Corp. (NYSE: NEM), one of the largest gold mining companies, rejected the unsolicited, hostile takeover bid from Barrick Gold (NYSE: GOLD), and in turn proposed a joint-venture with Barrick for its Nevada operations. In February 2019, Barrick Gold had offered to ...Read full newsRead More
"$JBLU - JetBlue Airways (JBLU) Presents At J.P. Morgan Aviation, Transportation And Industrials Conference - Slideshow https://t.co/vezWU7TpGn"Read full newsRead More
"$ROK - Rockwell Automation (ROK) Presents At J.P. Morgan Aviation, Transportation And Industrials Conference - Slideshow https://t.co/G4vZjJ9uE1"Read full newsRead More