Here are five Fastmarkets stories you might have missed on Tuesday October 27 that are worth another look.Fastmarkets' Steel Success Strategies Online event started on Monday October 26. Here are four things that we learnt during the European Steel Panel on the first day of the forum.Aluminium producer...Read More
A summary of base metals premiums from across the globe for the week to Tuesday October 27.Read More
Three-month base metals prices on the London Metal Exchange lacked a clear direction at the close of trading on Tuesday October 27, with a weaker US dollar and a slew of positive data from the region failing to outweigh the uncertainty about the country's presidential election on November 3.Some analysts suggested that the market was merely "holding up" in the interim before the much-anticipated p...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 27 that are worth another look.Fastmarkets' Steel Success Strategies Online event started on Monday October 26. Here are four things that we learnt during the European Steel Panel on the first day of the forum.Aluminium producer...Read More
An overview of the chrome ore and alloy markets and their latest price moves. China Weakening sentiment in the UG2 chrome ore market reversed after South Africa's cabinet proposed an export tax on chrome ore. However, most market participants took a watchful stance before details of the tax were announced.Some UG2 buyers looked to purchase spot cargoes on the portside market, leading to a slight u...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 27, 2020 As another tidal wave of Corona smashes America, the nation’s stock market investors beg the government and central bank for more stimulus and QE welfare handouts. “Will markets believe that central banks can simply decouple valuations from fundamentals for anothe...Read More
Meanwhile, Eurasia Group's Ian Bremmer has tipped "an enormous amount of confrontation" between China and the US, no matter who wins next week's US presidential election, Bloomberg reported.Gold is above US$1,900 an ounce and silver is worth more than $24/oz on the spot market.Silver explorer New Pacific Metals (TSX: NUAG) closed up 17.2% yesterday on no news.It said last week it had started advan...Read More
Teck Resources is continuing to increase its workforce at the Quebrada Blanca Phase 2 (QB2) copper project in northern Chile and expects the project to be about 40% complete by the end of the year, the company said this week. The project, which has been delayed by up to six months after being suspended due to the Covid-19 pandemic, expects to see first production in the second half of 2022, d...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has entered into a binding Heads of Agreement (the "Agreement") with 92 Energy Pty. Ltd. ("92 Energy") for 92 Energy to acquire a 100% interest in IsoEnergy's Clover, Gemini, and Tower uranium properties in Saskatchewan, Canada (the "Properties").The Properties are located in the Eastern Athabasca Basin,...Read More
The publication of Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China, $/tonne and ferro-chrome lumpy Cr benchmark indicator, charge basis 52% (and high carbon), Europe, $/Ib for Tuesday October 27 were delayed because of a reporter error.The Fastmarkets' price book and database have both since been updated.The affected prices are:MB-CHO-0002 Chrome ore Turkish lumpy...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for most ferro-alloys maintained their upward momentum into October, solidifying previous gains and reflecting the improved demand from steelmakers, the rebuilding of depleted inventories, and the supply-side concerns following both planned and unplanned outages. Gains were noted for ferro-silicon, silicon metal, mang...Read More
A summary of China's battery raw materials exports for September 2020.In brief Chinese cobalt tetroxide exports continued to rise on a monthly basis amid a recovery in industrial activity in ex-China markets and an increase in remote working, which has led to a bump in demand for consumer electronics. China's lithium carbonate exports fell in September on reduced demand as a result of buyers slowi...Read More
Ferrous scrap prices in Mexico remained stable in the country's northern region over the past week, but increased slightly in the the central Baj?-o region, because of low availability for certain grades, Fastmarkets heard on Tuesday October 27.In Baj?-o, some scrap buyers applied price increases of around 100-200 pesos ($5-10) per tonne during the week ended on October 23, while other buyers did...Read More
Turkish steel mills booked further scrap cargoes in the deep-sea market on Tuesday October 27, adding to the six heard on the market the day before, sources have told Fastmarkets.A batch of newly booked cargoes came to light on Monday, and on Tuesday another handful of fresh trades were heard.A US-origin cargo was booked by a mill in the Iskenderun region, comprising unknown tonnages of HMS 1&2 (8...Read More
Base metals prices on the London Metal Exchange were firmer this morning, Tuesday October 27, despite some strong headwinds from little progress on the next US Covid-19 relief package and surging infection rates across Europe and the United Sates. Major western equity index futures rebounding after Monday's weaknessExpect increased volatility in the run-up to the US presidential electionBase metal...Read More
Share this articleTeck Resources Ltd. reported its third-quarter profit and revenue fell compared with a year ago.The Vancouver-based mining company says it earned a profit attributable to shareholders of $61 million or 11 cents per diluted share for the quarter ended Sept. 30.The result compared with a profit attributable to shareholders of $369 million or 66 cents per diluted share in the same p...Read More
The development of lithium hydroxide facilities is a priority for Australia's renewed critical mineral strategy, Jessica Robinson, head of the government's Critical Minerals Facilitation Office, said."We are already the largest producer of lithium and we have the second-largest reserves in the world... Now we are looking to move further down the supply chain," Robinson said during Fastmarkets' vir...Read More
The need for governments, communities and lithium industry participants to have a clear focus on how mining assets and the regions in which they operate are developed is crucial for sustainable lithium production, panelists told delegates at Fastmarkets' virtual Lithium Supply & Markets conference on Tuesday October 27. When people talk about the sustainability of a mining project, they tend to th...Read More
South American lithium production is the backbone of the lithium supply chain and will continue to play an important role in the years ahead along with growing demand for lithium from the electric vehicles (EV) sector, panelists said during the Lithium Supply & Markets conference on Tuesday October 27. "The role of south America is to lead the way into changing the dialog around [the sustainabilit...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 27 that are worth another look.Fastmarkets' Steel Success Strategies Online event started on Monday October 26. Here are four things that we learnt during the European Steel Panel on the first day of the forum.Aluminium producer...Read More