Cobalt prices fell in the first half of the week after slow consumer demand and strong discounts on long-term contracts incited aggressive offers from sellers. Fastmarkets price assessment for standard-grade cobalt in-warehouse Rotterdam was $15.35-16.10 per lb on Wednesday May 29, down from $16-16.55 per lb at the end of last week. Alloy-grade prices settle...Read More
Key data from the Wednesday May 29 pricing session in Shanghai. Key drivers The Chinese cobalt salts market, which includes cobalt sulfate and tetroxide, continued to soften on sluggish demand, which is partially due to the fact that battery cathode materials manufacturers have broadly fed on tolled products. Meanwhile, excessive stocks consumers had built up in early April when the co...Read More
China imported 7,938 tonnes of antimony ore and concentrate in April, marking year-on-year and month-on-month increases of 96% and 134% respectively, according to official, but unconfirmed, data seen by Fastmarkets MB.Last month's total compares with 3,399 tonnes in March and 4,044 tonnes in April 2018Russia was the top supplier of China's imported antimony ore and concentrate last month, shipping...Read More
Opportunities to lock in long-term sales of cobalt hydroxide - and diversify a customer base outside of China in the process - are too appealing to pass by in a market still feeling the effects of a ramp-up in intermediates supply. Earlier this week, Umicore and Glencore announced a long-term revolving agreement for the latter to supply cobalt hydroxide to the former's global operations. This foll...Read More
European molybdenum prices rose this week, with price gains in molybdenum oxide pulling up the alloy market, although the rally may be limited in the near term given muted demand in the stainless steel sector, trading sources said. Around 270 tonnes of oxide was reported traded in first half of the week to Wednesday May 29, with nearly half that volume done in Europe and the rest in Busan, South K...Read More
Domestic stainless steel prices in China widened over the past week amid a mixed outlook among market participants. The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 13,950-14,400 yuan ($2,018-2,083) per tonne including value-added tax for the week ended Wednesday May 29, compared with 14,000-14,300 yuan per tonne a week earli...Read More
A "wearable" sensor array that could detect oil pipeline failures before they happen was the winner of The Wright Outdoor Innovation Competition. The Mines students behind Cipher Skin Orange received the first prize of $5,000 for their prototype, developed in partnership with Denver data analytics startup Cipher Skin. Sponsored by The Wright, an initiative of Something Independent, the non-tra...Read More
Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More
In March, Warrior Met Coal (NYSE: HCC ) approved a share buyback program of up to US$70 million of its outstanding common stock after exhausting a previous US$40-million repurchase program launched in May 2018.The metallurgical coal producer, with two underground mines in Alabama, also declared a special cash dividend in April of US$4.41 per share of its common stock for a total payment of US$230...Read More
Once in production, Dumont would be one of Canada's largest base metal mines and one of the top-five sulphide nickel producers in the world, RNC Minerals (TSX: RNX) says.The company has released an updated feasibility study on the fully permitted nickel-cobalt project, which contains the second-largest nickel reserves in the world (2.8 million tonnes, or 6.1 billion lb.), and the ninth-largest cob...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingAs anyone working with statistics knows, before analysing data, it is crucial to understand...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingLate last month, ePower announced it had struck a deal with fellow TSXV-listed miner Minera...Read More
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