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...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 31. Key driversScrap markets for turnings are over $2 per lb cif Europe, with suppliers increasing their offer prices amid a persistent downturn in supply from the aerospace sector; aircraft manufacturing has nose-dived since the start of the Covid-19 pandemic when air travel slumped in line with international restrictions on...Read More
Piedmont Lithium (NASDAQ: PLL; ASX: PLL) has raised US$122.5 million in a public offering, issuing 1.75 million of its American Depository Receipts (ADS) with each ADS representing 100 of its ordinary shares at a price of US$70 per ADS. The Australian junior will use the proceeds to continue the development of its 100%-owned Piedmont Lithium project, an integrated spodumene-to-lithium hydroxide...Read More
Miner Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) expects its Detour Lake open pit mine in northern Ontario to reach a gold output rate of 900,000 oz. a year by 2032, based on the company's latest life-of-mine plan for the asset.This technical report also forecasts average production of 680,000 to 720,000 oz. a year between 2021 and 2024, increasing to 800,000 oz. in 2025, as announced earlie...Read More
With a prefeasibility study expected for the Red Chris mine in B.C. by the end of September, Australia-based operator Newcrest (TSX: NCM; ASX: NCM) has released an updated resource for the project.Newcrest is looking at the possibility of developing an underground block cave operation under the exiting pit at the joint venture property where the gold-copper-silver producer is the operator and hold...Read More
The stainless steel scrap market in the United States has cooled, although prices showed little movement over the past week despite a continued weakening in cash nickel prices on the London Metal Exchange.The monthly average cash nickel price stood at $7.474 per lb through Tuesday March 30, down by 11.26% from $8.422 per lb in February.While there is speculation that the ferrou...Read More
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise G?(C)n?(C)rale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the country's hand-mined cobalt.EGC is a wholly owned subsidiary of state-miner G?(C)camines. It was created a year ago to help control artisanal supplies and boost government revenue through price controls,...Read More
Vale (NYSE: VALE) has concluded the sale of its nickel and cobalt operations in New Caledonia, a French territory in the Pacific, to a consortium called Prony, which includes commodity trader Trafigura.While the Brazilian miner did not disclose the exact terms of the deal, it said that US$1.1 billion will be invested in the New Caledonia assets, with US$555 million coming from its subsidiary Vale...Read More
Osisko Development Corp.'s (TSXV: ODV) $100 million private placement in December, raised to further the development of its Cariboo gold project in British Columbia, closed out a year of increased private placement financings in the mining sector and on the broader Toronto Stock Exchange and TSX Venture Exchange.The year started out with a smattering of private placements from SilverCrest Metals (...Read More
Market sources believe hot-rolled coil prices in the Northern European domestic market will remain on an upward trend into the second quarter despite reaching a new peak this week, with steelmakers widely seen as having in the upper hand in current market conditions that have shown no signs of easing. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe...Read More
Ferro-chrome prices in China ticked down this week ahead of announcements of alloy tender prices for April-delivery from the country's major stainless steel mills. Fastmarkets' assessment of the ferro-chrome spot 6-8% C, basis 50% Cr, ddp China price widened downward by 100 yuan to 8,400-8,700 yuan ($1,280-1,326) per tonne on Tuesday March 30. Despite the drop, suppliers were reluctant to cut...Read More
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Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.Read full newsRead More
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Denmark's Orsted plans to develop an offshore wind farm and adjacent hydrogen plant at the North Sea Port straddling the Dutch-Belgian border, the company said on Wednesday.Read full newsRead More
China's imports of copper scrap surged over the first two months of 2021, jumping by 60% year-on-year to 191,720 tonnes.Read full newsRead More
Fast-tracking hydropower upgrades in the DRC is also a high-priority opportunity to ensure clean and renewable electricity for all subsequent expansions.Read full newsRead More
A resource update is underway with results expected in the second quarter.Read full newsRead More
In this article we take a look at 10 best junior gold mining stocks to buy now. You can skip our detailed discussion of the gold mining industry and go...Read full newsRead More
A resource update is underway with results expected in the second quarter.Read full newsRead More