Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Thor Explorations (TSXV: THX) today announced an initial NI 43-101 standard Maiden Mineral Resource Estimate ("MRE") for the Makosa Deposit which is located in the southern portion of the Douta Gold Pr...Read More

Production of key battery raw materials cobalt and nickel will remain tight and will pose challenges to the electrification of transport, panelists said on Monday November 15 during Fastmarkets' International Ferro-alloys Conference in Prague."This year was really the first year that we saw a step change in nickel demand caused by demand from the electric vehicles (EV) sector and we saw nickel con...Read More

JOHANNESBURG, Nov 18 (Reuters) - Sibanye-Stillwater on Thursday said it made a new settlement offer in negotiationsover wages at its South African gold operations.If accepted by the four gold mining unions, which arenegotiating as a united block for the first time, the offer willincrease the company's wage bill at its gold operations by 1.4billion rand ($89.55 million) by July 1 2023, Sibanye said...Read More

WASHINGTON, Nov 18 (Reuters) - Huge spending by governments kept the world economy afloat during the pandemic as officials mobilized a fiscal response not seen since World War Two to bolster household incomes and give businesses a fighting chance to survive the health crisis.But the resulting nearly $300 trillion pile of debt held by governments, businesses and households will leave many countries...Read More

LONDON, Nov 18 (Reuters) - The euro rebounded on Thursday away from 16-month lows versus the dollar as traders assessed whether the U.S. currency's recent surge - fuelled by differing expectations for interest rate rises - had gone too far.Markets have been betting that the European Central Bank will fall behind in tightening policy even as rising inflation prompts others including the Federal Res...Read More

Italian domestic steel scrap prices increased in the month to Tuesday November 16, supported by a combination of reduced supply and strong demand, sources have told Fastmarkets.Month-on-month comparison prices have recovered by about ?,?10 ($11) per tonne. But market sources said that, taking into account that scrap prices dropped in the second half of October, the recovery since the start of Nove...Read More

LONDON (Reuters) - The U.S. Federal Reserve will start raising interest rates from September 2022, economists at the country's biggest bank said in a 2022 outlook note.JPMorgan expects the central bank to raise rates by 0.25% from the third quarter of next year and keep raising them by 25 basis points every quarter "at least until real rates are at zero," the team led by chief economist...Read More

WASHINGTON, Nov 18 (Reuters) - The U.S. Federal Reserve for the past 20 months has put its monetary policy arsenal behind the single-minded goal of restoring U.S. employment particularly for the less well off whose prospects suffered most during the pandemic.Interest rates remain anchored near zero and central bank bond purchases are still underway even as inflation takes off and unemployment drop...Read More

Mohamed A. El-Erian, President of Queens' College, Cambridge University, and Chief Economic Advisor at Allianz, the corporate parent of PIMCO, where he previously served as CEO and co-CIO, argues in the following interview with Goldman Sachs' Allison Nathan that the Fed could be heading towards an historic monetary policy mistake by reacting too slowly to rising inflationary pressures.Allison...Read More

Japanese steel scrap export prices fell again in the week to Thursday November 18, after lower-priced deals to South Korea emerged, sources told Fastmarkets.A major South Korean mill purchased about 30,000 tonnes of Japanese steel scrap at bid prices that it had lodged earlier this week, sources told Fastmarkets on Thursday.On Wednesday, the mill bid at ?49,500 ($432) per tonne fob for H2 scrap,...Read More

Market participants are once again focused upon the real threat that faces global economies, spiraling inflation. Today the United Kingdom reported that inflation has now hit a 10-year high. In the United States, the current level of inflation is at a 31-year high coming in at 6.2%. Mexico currently has an inflation rate of 6.24%, and many South American countries are running double-digit inflatio...Read More

Bangladeshi import steel scrap prices have fallen over the past week despite a continued rise in offer prices for rebar and domestic shipbreaking scrap in the country, sources told Fastmarkets on Thursday November 18.?EUR?Bangladeshi import prices ease downward?EUR?Taiwanese buyers secure containerized scrap at $445-452 per tonne cfr?EUR?Lack of demand for scrap in China due to hot metal being mor...Read More

Share this article VANCOUVER - Kodiak Copper Corp. [KDK-TSXV] said work has been temporarily suspended at its 100%-owned MPD copper-gold porphyry project in southern British Columbia due to flooding and road closures.The company said the move follows an evacuation order for the town of Merritt as a result of flooding. Personnel has been safely demobilized and there is no risk to the project infra...Read More

We spoke with Luke Gleeson, who is Head of Corporate Development of Bellevue Gold Ltd (ASX: BGL). Bellevue Gold Ltd. has discovered an exceptionally high-grade gold system, in the world-class Goldfields mining district, of Western Australia. The Bellevue Gold Project is one of the highest-grade and fastest-growing gold projects in Australia, and the Company is advancing to gold production. We lear...Read More

Chinese nickel sulfate producers face difficult annual contract negotiations for 2022, with upstream miners taking an aggressive stance while downstream battery precursor material producers are hinting at lower demand amid plans to implement integrated operations.The Chinese nickel sulfate price has undergone considerable volatility in 2021, climbing in August to its highest since Fastmarkets bega...Read More

Key data from the Wednesday November 17 pricing session in China.Key drivers  China's spot cobalt metal price fell amid a decline in local futures prices, while downstream demand was curbed by still high spot levels. Cobalt tetroxide prices in China were flat amid limited trading activity. Though most sellers would like...Read More

He is arguably one of the most hated men in the world.It all started in 2003, when Elon Musk (along with the company's original founders) had the audacity to launch an electric car company.Pollution apologists and those who believed potential solutions to environmental problems were somehow at odds with conservative philosophy ridiculed Musk while spreading misinformation about the company's vehic...Read More

Canada-headquartered Lithium Americas has entered into a definitive arrangement agreement with Argentina-based producer Millennial Lithium to acquire all of the outstanding shares of the latter for approximately $400 million, the company said on Wednesday November 17. On November 1, Millennial Lithium announced that it had received a rival takeover bid from Lithium Americas. As such, Millennial Li...Read More

Here are five Fastmarkets stories you might have missed on Thursday November 18 that are worth another look.Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.Production of key battery raw materials cobalt...Read More

By Pete SchroederWASHINGTON, Nov 18 (Reuters) - U.S. banking regulators on Thursday finalized a rule that directs banks to report any major cybersecurity incidents to the government within 36 hours of discovery.Separately, the banking industry said it had successfully completed a massive cross-industry cyber security drill that aims to ensure Wall Street knows how to respond in the event of a rans...Read More