China's domestic magnesium prices rebounded above 30,000 yuan ($4,702) per tonne on Friday November 12 after dropping toward 28,000 yuan per tonne earlier in the week, according to sources.Fastmarkets' assessment of magnesium, 99.9%, exw China was 32,000-33,000 yuan per tonne on Friday, an increase of 1,000 yuan per tonne, or 3.2%, from 31,000-32,000 yuan per tonne a week earlier. Domestic spot t...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More
This year's price rally in the European ferro-silicon market is showing increasing signs of weakness, with the market falling for the second consecutive week on Friday November 12, trade sources told Fastmarkets.Moreover, some traders and steelmakers said standard grade was being offered at well below ?,?4,000 ($4,577) per tonne for delivery in the first quarter amid persistently weaker prices in...Read More
Key data from Fastmarkets' pricing session in China on Friday November 12.Key drivers Following a weeks-long decline in the Chinese silicon price that brought it close to production costs, producers refused to lower their offers further. Many...Read More
Global Atomic (TSX: GLO; US-OTC: GLATF) has completed the feasibility study for the first phase of its Dasa uranium project in Niger's Tim Mersoi Basin. The company says the study confirms that the project is economic even at a price of US$35 per lb. uranium oxide, thanks to an estimated all-in sustaining cost of US$21.93 per pound.The Global Atomic board has given the okay to proceed with the pro...Read More
Yukon-focused explorer Whitehorse Gold (TSXV: WHG) is making steady progress assessing a development path for its high-grade district-scale Skukum property in an advanced, brownfield camp, 88 km south of Whitehorse.Led by an experienced management team and board with Kevin Weston as CEO, Whitehorse Gold recently completed a $15.3 million equity financing to fund the 2021 resource expansion and upg...Read More
The S&P/TSX Venture Exchange rose 26.92 points or 2.73% to finish the trading week at 1,012.06. Spot gold jumped US$47.20 per oz. or 2.60% to US$1,865.20 per ounce.Eskay Mining rose $1.15 to $3.28 per share. The company released assay results from its 2021 diamond drill program at its 100%-controlled Consolidated Eskay project in northwestern British Columbia's Golden Triangle, about 70 km northwe...Read More
The Dow Jones Industrial Average fell 227.64 points or 0.63% to finish the Nov. 8-12 trading week at 36,100.31 and the S&P 500 dropped 14.68 points or 0.31% to 4,682.85. Spot gold rose US$47.20 per oz. or 2.60% to US$1,865.20 per ounce.Shares of Alcoa advanced US$4.06 to US$51.92 per share. The company announced that its Portland Aluminium joint venture plans to restart 35,000 tonnes per year of...Read More
The S&P/TSX Composite index rose 312.70 points or 1.46% to finish the November 8-12 trading week at 21,768.50. The S&P/TSX Global Mining Index gained 5.97 points or 6.12% to 103.55 and the S&P/TSX Global Base Metals Index increased 9.32 points or 5.68% to 173.44. Gold climbed to US$1,865.20 per oz., up US$47.20 per oz. or 2.60%.Shares of Agnico Eagle Mines and Kirkland Lake Gold climbed during the...Read More
Canadian explorer Trailbreaker Resources (TSXV: TBK, US-OTC: APRAF) is focused on discovering gold in underexplored regions of North America.The company holds a portfolio of four gold properties throughout British Columbia and the Yukon Territory and has "a track record of effective grassroots exploration and successful project generation using the latest scientific methods and technologies," sa...Read More
The proposed 'merger of equals' between Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) have received a second proxy advisory firm recommendation to proceed, the companies announced on Monday. The all-scrip deal, announced In late September, is expected to create the largest Canadian gold miner with an implied market capitalization of around US$24 bil...Read More
Australia-based PYX Resources (NSX: PYX; LSE: PYX) has taken up a secondary listing on the London Stock Exchange to give more investors access to the zircon market while providing the company more firepower with which to advance its development strategy. The dual listing comes at a time when the zircon market telescoped with the June closure of Rio Tinto's (ASX: RIO; NYSE: RIO; LSE RIO) Richards...Read More
As one of the largest independent general contracting construction companies in Canada, PCL's name may be familiar across the country, as well as in the United States, the Caribbean and Australia.For more than a century, based out of Edmonton and with offices in 28 locations across North America and Australia, PCL has spearheaded a diverse roster of operations in the civil infrastructure, heavy in...Read More
The automotive industry's shift to electric vehicles (EVs) has put the sustainability efforts of its suppliers under scrutiny, Jean-Martin Van der Hoeven, chief marketing officer of ArcelorMittal's global automotive division, told Fastmarkets in an exclusive interview.One outcome of the so-called Dieselgate scandal - in which German automaker Volkswagen, among others, admitted to manipulating the...Read More
There are new nickel hits in the market today, including the latest from FPX and Gungnir Resources. Gold exploration news from E79. And copper hits from Solaris Resources. Also, new updates from New Found Gold, Maple Gold Mines and Western Alaska Minerals. We'd like to thank our sponsors:Integra Resources is advancing the past-producing DeLamar Project in southwestern Idaho. The Company has c...Read More
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China's October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame record prices and boost supply.Read full newsRead More
India's coal shortage and electricity blackouts have eased in recent weeks as the seasonal decline in power demand has enabled generators to rebuild depleted coal stocks and the grid to operate with greater stability.Read full newsRead More
Empress Royalty Corp. is pleased to provide an update on its inveRead full newsRead More