Here are five Fastmarkets MB stories you might have missed on Monday March 18 that are worth another look.Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. A preliminary decision from a court in Brazil's Itabira city, in the country's southeastern Minas Gerais st...Read More
The expectation for higher tender prices for chrome ore in April supported the prices for ore in China and for alloy in Japan and South Korea, Fastmarkets heard on Monday March 18. UG2 and Turkish lumpy ore prices rise Domestic alloy price climbs in China Alloy prices in Europe, Japan, South Korea increase Imported alloy prices stable in US, China.Prices for chrome ore imported into China and in C...Read More
South Africa's labour court ordered the Ghana-focused developer to pay former exploration director Hendrik Schloemann $140,000 plus interest and legal costs in December. GoldStone told shareholders it would consider an appeal after the ruling, but withdrew its application for leave to appeal on February 5 in secret. In the case, Schloemann successfully argued he had not resigned, as the...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") is now trading under the new name and is pleased to announce results from its 2018 Field Program at its Graphite Creek Project, a large?EUR?flake graphite deposit located in the Kigluaik Mountains on the Seward Peninsula approximately 60 km north of the City of Nome, Alaska.Highlights:Drilling Res...Read More
Analysts from Bernstein forecast the transition to a "green economy" providing the most upside to cobalt prices, which it expected to rise 173% in the medium-term.Read More
Treatment and refining charges (TC/RCs) for spot copper concentrates dropped sharply in early March with Chinese smelters entering the market in earnest for units, while a lack of supply from blockaded Las Bambas mine has also prompted spot buying. The Fastmarkets TC/RC index for spot copper concentrates dropped by $5.3 per tonne / 0.53 cents per lb on March 15 to $69/6.9 cents, the lowest si...Read More
DRA Global, the Perth-headquartered parent company of the Johannesburg-based DRA Engineering business, is close to wrapping up its important strategic purchase of fellow South African company SENET,Read More
Key data from the pricing sessions in London and Shanghai on Friday March 15.China- The Chinese grade 553 silicon export price rose to $1,560-1,620 per tonne on March 15 from $1,550-1,610 per tonne on March 8, reflecting a resumption in demand- The grade 553 silicon price has been underpinned by improved buying interest from Southeast Asian traders and buyers, while market participants also noted...Read More
US-based Parker Bay says deliveries of trucks, excavating and loading equipment, and related mobile mining gear in calendar 2018 continued the market expansion that recommenced in the second half of 2016 after "perhaps the most severe contraction the large surface mining markets have ever experienced".The "annual aggregate value" of 2018 deliveries of US$7.6 billion compared with the estimated 201...Read More
A group from the San Gerardo community called "United for Development" submitted a legal challenge citing a violation of their rights as a result of the recent actions of the Ecuadorian National Electoral Council (CNE) to endorse the anti-mining referendum. As a result of the suspension, the Constitutional Court will have final legal jurisdiction to determine its constitutionality."We are very ple...Read More
By: Dave KranzlerI sourced the chart below from a blog called The Macro Tourist. I added the title and the two yellow trend lines. The chart shows the daily price of gold since the inception of the bull market in 2000-2001. Last Friday (March 8th) gold popped $12 +/- (depending on the time from which you measure). I mentioned to some colleagues that "gold may be starting something special."The...Read More
By: Avi GilburtMany investors maintain beliefs about the stock market which often have them looking the wrong way at the market turns. In fact, I can no longer count how many comments I see about how the Fed is what directs our stock market action, and it just makes me scratch my head.The main argument by Fed watchers is that the Fed's easy money drives the stock market. Yet, the Fed's balance s...Read More
The broad averages have rallied from their Christmas lows almost as steeply as they got there in the fourth quarter. The first 2,000 points of the Dow's trampoline bounce took just seven trading days. At the time, we wrote that the trend would continue until even hardcore skeptics were convinced that new all-time highs were likely. That is what bear rallies are supposed to do. Well, another 1100...Read More
Mar. 15th, 2019(S14-E687)Featured GuestsCEO Ken Lewis &Bob HoyePlease Listen HereLIMITED OFFER - FREE $5 IN ONEGOLD DIGITAL BLOCKCHAIN EXCLUSIVELY TO GOLDSEEK.COM PATRONS!(Remember to say Goldseek Radio sent you!).ONEGOLD Inc. holds physical gold and silver metals at the Royal Canadian Mint through our friends at APMEX and Sprott.CEO of APMEX and founder of ONEGOLD Inc., Kenneth Lewis ret...Read More
The Chinese antimony price downtrend entered its third consecutive week amid persistently thin buying interest from the country's downstream market in the latest assessment period ended Wednesday March 13. Fastmarkets assessed the price of MMTA standard-grade II antimony, delivered duty-paid in China, at 46,000-46,500 yuan ($6,844-6,918) per tonne on Wednesday, down by 2.6% from 47,000-48,000 yuan...Read More
German steelmakers have settled their monthly scrap contracts for March at largely stable prices, sources told Fastmarkets on Monday March 18.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($300-323) per tonne delivered on March 15, unchanged over the month. The assessment represented deals heard in the market.Although the price range remained stable, s...Read More
The Turkish deep-sea scrap import markets went quiet at the beginning of the week, with mills expecting to hear lower offer prices, sources said on Monday March 18.Most of the offers in the market were around $330 per tonne cfr for United States-origin HMS 1&2 (80:20), while mills were looking for $315-320 per tonne, sources said.The expectation for lower prices was a consequence of the strength o...Read More
* Pound drops as chances of third Brexit vote diminish * But some see upside potential on lengthy Brexit delay * BOE meeting eyed though unlikely to change outlook (Adds parliament speaker, updates prices)By Tom FinnLONDON, March 18 (Reuters) - Sterling dropped below $1.32 onMonday after the speaker of Britain's parliament said PrimeMinister Theresa May's Brexit deal could not be voted on againunl...Read More
Paul Pint, Executive Chairman of Aguia Resources. Source: Aguia Resources Ltd.Aguia Resources Ltd. [AGRL-TSXV; AGR-ASX] shares were active Monday March 18 after the company released a maiden resource estimate for its Andrade copper project in Brazil.The company said total inferred mineral resources are estimated at 10.8 million tonnes with an average grade of 0.56% copper and 2.56 grams/tonne silv...Read More
The exploration crew working at Northern Dynasty's Pebble Project in southern Alaska. Source: Northern Dynasty Minerals Ltd.Northern Dynasty Minerals Ltd. [NDM-TSX; NAK-NYSE] said Monday March 18 that it has raised US$11.5 million from a share offering that was completed on a bought deal basis.The offering consisted of 17.9 million common shares priced at 64 cents a share and was completed under a...Read More