Import tariffs on steel products in the United States created under Section 232 are likely to remain in place at least until the end of 2019, the chief executive officer of Gerdau, Gustavo Werneck, said during an event at the New York Stock Exchange on Wednesday March 13.The move from Donald Trump's administration boosted metal spread margins for steel producers in the US. This spread - calculated...Read More
Fastmarkets AMM attended the annual convention of the National Association of Steel Pipe Distributors (NASPD) on Thursday March 7 and Friday March 8 in New Orleans. Here are five themes gleaned in the sessions, on the sidelines and at the soirees.The US Gulf Coast is excited about China LNG import rumors. Reports that China may agree to buy an immense amount of liquefied natural gas (LNG) exp...Read More
Chinese finished steel exports decreased in February on both a yearly and a month-on-month basis amid uncompetitive prices and fewer working days as a result of the Chinese Lunar New Year holiday.The country shipped 4.51 million tonnes of finished steel out of the country last month, down 7% from the 4.85 million tonnes exported in February 2018, according to preliminary Chinese customs data...Read More
When the London Metal Exchange amended its policies related to its physical delivery network a few years ago, it overlooked one key thing. The issue centers on LME's linked load-in/load-out (LILO) rule, which operates by linking the amount of metal a warehouse loads in to the amount it is obligated to load out for warehouses that have queues of over 50 days.The rule changes were part of package of...Read More
Ahead of Fastmarkets' Battery Materials 2019 conference in Shanghai, Fastmarkets looks at use of lithium in next-generation vehicles and other battery uses, as well as soaring prices, which have spurred interest in lithium and boosted its importance in recent years as a battery material. In June 2016, the spot price in China peaked at $27 per kg, more than three times the global contract price, ac...Read More
In contrast to the clear skies outside, a cloud hung over discussions among Indian scrap traders attending the opening session of the annual conference of the Material Recycling Association of India (MRAI) earlier this month in Kochi, southern India.Secretary-general Amar Singh praised the superior air quality in the host city, compared with the metropolises of New Delhi and Mumbai. But delegates...Read More
Gold futures climbed Friday to score a gain for the week, with the metal finding support in the wake of mass shootings at two mosques in New Zealand, as well as from a weaker tone for the U.S. dollar. At least 49 people on Friday were killed at a pair of mass shootings at mosques in Christchurch, New Zealand. The "New Zealand news is positively supporting gold," said Chintan Karnani, chief market...Read More
Think about the last five years...Can you recall an unexpected event that led to financial stress? Maybe a health crisis, layoff, leaky roof, or unexpected car repair.You're not alone. Approximately two-thirds of U.S. households experience an unexpected event that negatively impacts their financial wellbeing, according to Pew research.So it's no wonder the most common cause of money stress is the...Read More
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"Dundee Precious Metals Achieves Major Milestone With First Gold Concentrate Production From Its Krumovgrad Open Pit Gold Mine https://t.co/43tOQ93KMs"Read full newsRead More
The U.S. Environmental Protection Agency announced three long-term goals Wednesday for cleaning up the Bonita Peak Mining District Superfund site in southwestern Colorado.Read full newsRead More
"Canada Cobalt Works is the player to watch in Northern Ontario's Cobalt Camp! Stay Tuned Read About it: https://t.co/W4OZqg5Xrz #CCW $CCW @canadacobalt #Cobalt #Mining #CCW.V #Silver #TSXV #SmallCaps #batterymetals #momentumstocks"Read full newsRead More
Lucara Diamond Corp (TSX:LUC) has a decade-long history of success-a rare feat among resource companies. Even more impressive is its free cash flow profile, which helps support an impressive 6% dividend, a payout the company has maintained since 2014.The root of Lucara’s success stems from its focus on a resource rich, politically stable, mining friendly country: Botswana.If you want to dive...Read More
Investing in commodity producers can be difficult. Resource companies - from gold miners to oil producers - typically face above-average levels of volatility.While hedging can help reduce uncertainty, most commodity companies experience wild boom-and-bust cycles, sometimes within the same year.However, volatility can be your friend, giving you limited-time buying opportunities at bargain prices. W...Read More
The New Mexico Environment Department announced via Twitter that it received word from the Environmental Protection Agency stating that the Gold King Mine wastewater treatment facility is back up and running following a failure reported on March 14, 2019, due to a loss of power.The electric blackout was caused by a severe winter storm that struck the area this past week. The Gladstone plant, which...Read More
While gold miners have been making substantial profits in recent quarters thanks to rising gold prices and better operational and financial discipline, they continue to seek new ounces via the drill bit to fill their production pipeline. A look at eight majors and juniors exploring for gold worldwide.BARRICK GOLDThe world's largest gold miner Barrick Gold (TSX: ABX; NYSE: GOLD) is also heavily inv...Read More
Peruvian President Mart?-n Vizcarra shared a video on his social media channels where he announces that authorities are going to have a permanent presence in the Amazon to guard against the development of illegal mining activities.Earlier in the year, his administration launched Operation Mercury in the southeastern Madre de Dios department. The initiative involved the deployment of almost 1,600 p...Read More
The world's top diamond producer by output, Alrosa (MCX:ALRS), published this week an updated estimate of its Joint Ore Reserves Committee or JORC reserves and resources."The JORC Code-compliant report from Micon's independent experts estimated Alrosa's diamond resources and reserves as of 1 July 2018 at 1,064 million carats and 628 million carats, respectively," the miner said in a press release....Read More
Researchers with the University of Aberdeen and the University of Glasgow published a study where they state that an abundance of copper played an equally crucial role to oxygen in helping the rise and spread of the earliest animals 700 million years ago.By analyzing a series of geological records, the scientists were able to prove that the level of copper in the environment increased dramatically...Read More
Each year, nearly 33 million people worldwide celebrate Saint Patrick's Day, according to a new WalletHub study. The holiday can get quite expensive for consumers. In 2019, consumers are expected to spend about $5.6 billion on the holiday. To put that into perspective, the average person is to spend about $40 during this year's celebrations. This day is also one of the most popular day...Read More