An overview of the minor metals markets and the reasons for any price moves.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Oracle (ORCL $53.05) is expected to open lower after releasing lower than consensus fiscal fourth quarter earnings guidance.Broadcom (AVGO $268.20) is expected to open higher after reporting higher than consensus fiscal first quarter earnings. Adobe (ADBE $267.69) is expected to open low...Read More
The following Fastmarkets minor metals prices changed on Friday March 15:Minor metalsAntimony MMTA standard grade II, $/tonne: $7,400-7,700 per tonne from $7,500-7,800Bismuth MB free market, $/lb: $3.40-3.90 per lb from $3.55-3.90Bismuth MB China domestic, yuan/tonne: 46,500-48,500 yuan per tonne from 47,000-49,000 yuanChromium MB free market alumino-thermic, $/tonne: $8,550-9,200 per tonne from $...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 mixed this morning, Friday March 15, with copper, aluminium and nickel up by an average of 0.6%, while zinc, lead and tin were down by an average of 0.6%. Three-month copper was recently quoted at $6,449 per tonne, up by 1% compared with Thursday's close at $6,385 per tonne. Volume was significantly above average, with 19,661 lots tr...Read More
Prices for long and flat stainless steel products in Europe were stable this week, with market participants reluctant to accept higher offers, sources told Fastmarkets on Friday March 15.Fastmarkets price assessment for grade-304 cold-rolled (CR) sheets, delivered to Northern Europe, was unchanged week on week at ?,?2,100-2,150 per tonne on March 15.Offers were heard at ?,?2,200 per tonn...Read More
Yesterday we documented our personal frustrations with contemporary technology.Today we file a protest against contemporary money.We begin with the "evolution" of United States currency…We refer you to this $10 bank note, dated 1928:In those antique days, a fellow could march into a bank, hand the clerk a slip of paper as illustrated above and demand the denominated amount in gold coin.The s...Read More
You've heard the saying when it comes to trading stocks: buy low and sell high. The same strategy applies to making money buying items in stores. This is called retail arbitrage, and it can make you a small fortune pretty quickly if you know how to do it right.E-commerce revenues are projected to grow to 4.88 trillion US dollars in 2021. If that number sounds high, consider that Amazon is already...Read More
Import prices for ferrous scrap in Asia generally rose further this week amid steady buying interest and higher offers, market participants told Fastmarkets.Rising scrap values in Turkey and Japan continued to support market sentiment and encouraged sellers to maintain or increase their asking prices, sources said.VietnamSteel mills in Vietnam were still looking to buy scrap this week, especially...Read More
Fastmarkets today launches a monthly price assessment for Ferrous scrap No E40 (shredded steel scrap), delivered to mill, Italy, ?,?/tonne.After a one-month consultation period, Fastmarkets has launched a monthly assessment for Ferrous scrap No E40 (shredded steel scrap), delivered to mill, Italy, ?,?/tonne.The consultation period ended on March 14, with the assessment coming into effect from Marc...Read More
Hooman Vatankhah, a PhD student in civil and environmental engineering at Colorado School of Mines, is the 2019 winner of the American Water Works Association Austin F. McCormack, Jr., Award.Named after a pioneer in membrane treatment and a life member of AWWA, the award recognizes a young professional who has made notable and outstanding contributions in water reliability, water quality, new dire...Read More
Despite centuries of local mining history, the northern Andes remain under-explored by modern standards, and the region stands as one of the favourite destinations of the world's mineral explorers. Here is a look at eight Canadian-based juniors active in Colombia, Ecuador and Peru. LUPAKA GOLDVancouver-based Lupaka Gold (TSXV: LPK; US-OTC: LPKGF) says its priority is advancing to production its In...Read More
Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equiv...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"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 resourcesAt least, according to the rationale...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported 2018 income of US$394.3 million - a 255.4% jump over 2017's US$110.9 million - driven by an increase in gold production and sales from its Oyu Tologi copper-gold mine in Mongolia.Gold production surged 150% year-on-year to 285,000 ounces, while copper production of 159,100 tonnes marked a 1.1% increase over 2017.Revenue of US$1.2 billion was...Read More
The Ontario government has put together a new mining taskforce to help it overhaul the Mining Act.Whereas the previous Liberal government also passed legislation to modernize the Mining Act, Greg Rickford, Mines Minister in the new Progressive Conservative government, says the focus is entirely different."When they were modernizing the Mining Act, the very real fear out in the industry was that it...Read More
The following is an edited excerpt from the report "State of mineral finance 2019: At the crossroads," produced by the Prospectors & Developers Association of Canada (PDAC) and Oreninc. For the full report, visit www.pdac.ca.From a broad perspective, global mineral exploration activity expanded in 2018, maintaining the positive trajectory established in 2017 after a multi-year contraction in activ...Read More
The mining industry gathered in Toronto in early March for PwC Canada's fourth annual Art of Mining event, which showcases mining innovation through a photo competition.This year's contest featured 20 photo submissions from projects and actors across the globe.With more than 2,000 votes cast, the grand prize went to Tugliq Energy and Raglan Mine, a subsidiary of Glencore, which received a $10,000...Read More
Anglo American Platinum Ltd. is giving hundreds of hectares of land to communities living in a South African area that's rich with the ore as the nation's ruling party seeks to introduce laws that make it easier to expropriate land without paying for it.The world's top platinum supplier is handing over 270 hectares (667 acres) of land to people living in Rustenburg, about 140 kilometers (86 miles)...Read More
Australia's Lucapa Diamond (ASX:LOM) has recovered an 83.9 carat diamond from its recently commissioned Mothae mine in Lesotho, Africa.The stone is the fourth diamond over 50 carats the company has recovered to date at its 70%-owned Mothae operation.While the find was not gem-quality, Lucapa says it continues to underline the large-stone nature of the kimberlite resource.Commercial production at...Read More