Lion One Metals reported it continues to register high grade results and is readying a sixth rig to commence drilling at its Tuvatu Gold Project in Fiji. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) announced in a news release the "delivery and mobilization of two new drilling rigs and continued high grade gold results from surface drilling and underground channel sampling programs from the comp...Read More
With XRT sorting, Defense Metals could upgrade the mineralization of feed from Wicheeda and "significantly reduce feed volume." Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) announced in a news release the results of an X-ray transmission (XRT) amenability study on samples of diamond drill core from its Wicheeda project, mineralized with rare earth elements (REEs).The testing, done by t...Read More
The transaction is for Ely Gold Royalties' J&M claim at the Hercules property. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced it agreed to sell, through its subsidiary Nevada Select Royalty Inc., one lode mining claim on the Hercules gold property in Nevada's Walker Lane Trend to Northern Vertex Mining for $20,000. Ely Gold will retain its 2% net smelter re...Read More
As you well know the PM complex has been trading at a very important inflection point for the last month or so looking for the next important move either up or down. I can make a case today for either direction but the Chartology is strongly suggesting the next important move is going to be to the downside. In the very short term, days to maybe a week or so we could see some backtesting to many im...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 11 that are worth another look.Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry...Read More
Latin American apparent steel consumption rose 15.87% year on year during December, while full-year 2020 figures fell 9.57% from 2019, the region's steel association, Alacero, said on Thursday March 11.Rolled steel consumption reached 6.03 million tonnes in December, up from 5.2 million tonnes a year before, according to the data published by Alacero. During 2020 as a whole, consumption totaled 58...Read More
Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 11 that are worth another look.Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry...Read More
Small and medium-size recycling companies would lose their ability to hedge if the London Metal Exchange changes its margin methodology, an executive at metal recycling company European Metal Recycling (EMR) said. According to Murat Bayram, EMR managing director for non-ferrous Europe, the proposed change from a Discounted Contingent Variation Margin (DCVM), which realizes forward profits on the s...Read More
Latin American apparent steel consumption rose 15.87% year on year during December, while full-year 2020 figures fell 9.57% from 2019, the region's steel association, Alacero, said on Thursday March 11.Rolled steel consumption reached 6.03 million tonnes in December, up from 5.2 million tonnes a year before, according to the data published by Alacero. During 2020 as a whole, consumption totaled 58...Read More
Key proposals in the London Metal Exchange's discussion paper will likely weaken the link between metals pricing and the physical market and lead to price distortions, the president of Hong Kong-based trader Global Metals Network Ltd said. These proposals include the permanent closure of the LME ring, the incentivization of electronic trading and a switch in margin methodology, Mark Sellier&n...Read More
A key topic reverberating around the Asian steel market over the past month has been the possibility of China reducing steel export rebates to 9% from the current 13%, or possibly axing them altogether.Market chatter on this topic has grown increasingly louder, with industry sources in China hearing more and more details about these plans from late January onward."This is likely in line with China...Read More
A shortage of containers to ship commodities around the world and the consequent soaring in associated freight rates have led to a revival of interest in breakbulk cargoes. Producers and physical traders of metals, agricultural, chemical and timber products have been starting to book shipments in breakbulk vessels, which cost far less and doesn't require vast amounts of equipment in port. On the m...Read More
The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.US President Joe Biden's executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced...Read More
Small and medium-size recycling companies would lose their ability to hedge if the London Metal Exchange changes its margin methodology, an executive at metal recycling company European Metal Recycling (EMR) said. According to Murat Bayram, EMR managing director for non-ferrous Europe, the proposed change from a Discounted Contingent Variation Margin (DCVM), which realizes forward profits on the s...Read More
It really doesn't matter how many billions of ounces trade in the paper silver futures market. The only demand that matters comes from...by Larry White of the Gold & Silver Education CenterIf you are just now starting to look into precious metals and silver in particular, one of the first things you will want to know about is the demand for silver. As with anything, we all know that when the deman...Read More
Key proposals in the London Metal Exchange's discussion paper will likely weaken the link between metals pricing and the physical market and lead to price distortions, the president of Hong Kong-based trader Global Metals Network Ltd said. These proposals include the permanent closure of the LME ring, the incentivization of electronic trading and a switch in margin methodology, Mark Sellier&n...Read More
They figured something was up...by Harvey Organ of Harvey Organ BlogMARCH 10//GOLD UP $4.70 TO $1723.50//SILVER DOWN 3 CENTS/GOLD TONNAGE STANDING AT THE COMEX: RISES TO 24.42 TONNES//SILVER OZ STANDING RISES TO 53.9 MILLION OZ//2 MILLION OZ LEAVES THE COMEX FOR 2ND STRAIGHT DAY//CHRIS POWELL LETTER TO THE BANK OF ENGLAND//ROBERT LAMBOURNE LETTER TO UK PARLIAMENT//CORONAVIRUS UPDATES//VACCINE UPDA...Read More
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view, including an upgrade to our aluminium price forecasts.Aluminium: Price forecasts raisedWe correctly expected the macro reflationary theme to raise the prices for all base metals but, with it being the base metal with by far the weakest fundamentals, we had expected the price of aluminium to underperform relative...Read More