Seaborne coking coal prices experienced mild movements on Monday July 8, with spot trading activity remaining robust.A cargo of top-quality product was traded at around 190-191 per tonne fob Australia. The shipment is bound for Malaysia, sources said during the day.A shipment of premium mid-vol materials was heard to have changed hands at $190 per tonne cfr China. This price is similar to that for...Read More
Import prices for rebar in Singapore rose in the past week due to the rising cost of ferrous scrap.The weekly Fastmarkets MB price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $490-495 per tonne cfr for the week to Monday July 8, up $15 from $475-480 per tonne cfr from a week earlier.Ferro...Read More
JSE-listed Trans Hex announced on Friday a share buyback programme to purchase the issued share capital of shareholders at R1 apiece, which will effectively delist the company from the JSE.This offer excludes the shares of Cream Magenta 140, Metcap 14 Proprietary and RAC Investment Holdings – the consortium.AdvertisementThe consortium holds 79.73% of the company’s issued share capital....Read More
The Queensland Resources Council (QRC) will hold discussions with the Australian government, mining unions and workers this week regarding action that can be taken to increase safety across the sector. This follows a fatal accident over the weekend at the Baralaba North mine - located in the Bowen Basin of Australia's Queensland state - that led to the death of a worker. The Middlemount mine, loca...Read More
Euromines lifts hood on sustainability methodologySPONSOREDThe deal will pair Atico's producing El Roble copper mine in Choco, Colombia, with Toachi's high-grade gold and copper La Plata project in Cotopaxi province, Ecuador, both of which are volcogenicRead More
Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe US$52 million optimisation project will increase throughput from 450,000 tonnes per day to 500,000tpd, which will increase annual copper production from 57,000t to 60,000t and extend the mine life by 4.5 years until 2030.If approved, the pit will see three new exploitation phases which will increase its surface footp...Read More
Northern China's rebar prices weakened on Monday July 8 while those in the country's eastern region held steady, with market participants still taking a wait-and-see approach after iron ore prices plunged last week.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($576-580) per tonne, unchangedNorthern China (Beijing): 3,900-3,940 yuan per tonne, down 10-20 yuan per tonneMarket participants wer...Read More
Although the softer dollar index has provided a conducive backdrop for risk sentiment, there is still an air of caution amid the simmering geo-political tensions in the Middle East. Over the weekend, Iran warned that it is ‘fully prepared to enrich uranium at any level and with any amount’, sparking fears that the long-tense relations between Iran and the United States is edging clo...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday July 5. China Key drivers The antimony MMTA standard grade II ddp China price ended five weeks of stability last week, softening by 0.6% week on week. The price dropped after some Chinese antimony producers in southwestern Yunan, Guizhou provinces and southern Guangxi province were heard to have cut their o...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday June 5.China Key drivers Good supply coupled with persistently weak demand pushed the Chinese silicon export price to its lowest level since September 2016. Most silicon producers in Fujian province have shut down operations because of the cancellation of cheaper electricity prices in the third quarter by t...Read More
Key data from the Friday July 5 pricing session in Shanghai. Key drivers China's cobalt market broadly remained under pressure on weak demand last week, with metal and tetroxide prices dropping 1.8% and 1.6% respectively on Friday from the midweek pricing session. The cobalt metal price dropped by 8,000 yuan at the high end, which usually represents the...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Apple dropped $3.08 to $201.15 after Rosenblatt Securities downgraded the stock to Sell from Neutral. Target is $150.Deutsche Bank slipped $0.11 to $7.06 after announcing a major restructuring program.Verizon dropped $0.60 to $57.71 after Citigroup upgraded the stock to Buy from Neutral....Read More
Key data from the July 5 pricing session in London. Key driversThe benchmark standard grade cobalt price fell to its lowest level in 32 months, with spot demand slow over the summer. Sellers are cutting their offer prices, or targeting the lower end of Fastmarkets' price range to lock in trades. Some sellers said they might be open to taking a bid below...Read More
A sharp drop in July ferro-chrome tender prices from China's leading mills triggered a further slide in spot ore and alloy prices last week. Spot ferro-chrome price dropped by 4.6% in ChinaUG2 chrome ore slid againAlloy prices under pressure in Japan and South KoreaEuropean alloy prices weaken again Chrome ore and ferro-chrome prices dropped in China in the week ended Friday July 5 after mills an...Read More
India's Ministry of Commerce & Industry has initiated an anti-dumping investigation into imports of flat-rolled stainless steel from 15 regions.The investigation covers flat-rolled stainless steel products imported between 2015 and March 2019, under HS code codes 7219 and 7220, from China, South Korea, the European Union, Japan, Taiwan, Indonesia, the United States, Thailand, South Africa, Me...Read More
Last week, I told you how I got a surprise correction from the IRS - one relating to Trump's new tax laws and my Solo 401(k) retirement plan.What I didn't mention is the monetary impact of that note - essentially, I ended up owing a couple thousand more in taxes than I had previously figured.Before you shed a tear, on balance, the new tax laws were a net positive for my specific situation last yea...Read More
ELKO, Nevada, July 8, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that two new technical updates for the Keystone Project have been uploaded to their website.Ken Coleman, U.S. Gold Corp.'s Keystone Project Geologist, has recently completed an updated Keystone Technical Presentation. This analysis is a follow up to the...Read More
I did not celebrate the Fourth of July on Thursday. This goes back to a term paper I wrote in graduate school. It was on colonial taxation in the British North American colonies in 1775. Not counting local taxation, I discovered that the total burden of British imperial taxation was about 1% of national income. It may have been as high as 2.5% in the southern colonies.In 2008, Alvin Rabushka’...Read More
July 8, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has kicked off the drilling program and to provide results from the soil and rock samples collected in May-2019 at its Atlin Goldfields Project located in Northwest British Columbia. The 2019 drill program will consist of many shallow NQ size core drill holes on numerous...Read More
Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteFortescue Metals Group, the creation of its chairman Andrew Forrest, has already provided a glimpse...Read More