The price of alloy-grade cobalt has risen above that for its standard-grade counterpart for the first time in six weeks, Fastmarkets heard on Thursday April 1, with cheap standard-grade parcels available from sellers looking to take profit.This situation bucked a recent trend where standard-grade metal had been trading mostly at a premium due to strong demand for briquettes downstream.Broken catho...Read More

Britishvolt, a United Kingdom-based lithium-ion battery producer, has initiated fundraising plans in the United States to support its gigaplant project in Northumberland, UK, it said on Thursday April 1. The company aims to raise ?300 million-350 million ($413 million-482 million) by the end of the summer and to start production at its Blyth, Northumberland plant in the fourth quarter of 2023. Br...Read More

A summary of China-headquartered Ganfeng Lithium's 2020 annual report, released by the company on Wednesday March 31.In briefTotal Revenue: 5.52 billion yuan ($841.2 million), up by 3.41% year on yearRevenue in domestic Chinese market: 3.92 billion yuan, up by 11.89% year on yearRevenue in international market: 1.60 billion yuan, down by 12.79% year on yearNet profit: 402.22 million yuan, down by...Read More

The import market for flat-rolled steel came to a stop in South America in the week to Thursday April 1, with mills in China mills mostly withdrawing from exports, or refraining from offering to the region.The trigger for this was the doubt in the East Asian country about its final decision on an export tax rebate cut, market participants told Fastmarkets.Some Chinese steelmakers did offer exports...Read More

Share this article VANCOUVER - Great Atlantic Resources Corp. [GR-TSXV; PH0-FSE] reported gold assays for prospecting rock samples and drill core samples from its 100%-optioned Golden Promise property, located within the central Newfoundland gold belt. All three drill holes from the 2020 program intersected gold-bearing veins, extending the Jaclyn North Zone (JNZ) quartz vein system approximately...Read More

Share this article TORONTO - Kirkland Lake Gold Ltd. [KL-TSX, NYSE; KLA-ASX] filed a NI-43-101 technical report for its 100%-owned Detour Lake mine, northern Ontario. All dollar amounts are expressed in U.S. dollars unless otherwise indicated.Highlights of the 2021 life-of-mine plan (LOMP) include production of 680,000 to 720,000 ounces from 2021 to 2024, growing to 800,000 ounces in 2025 and rea...Read More

Prices in Turkey for steel hot-rolled coil came close to $1,000 per tonne during the week ending Thursday April 1, with producers fully booked until late July, sources have told Fastmarkets.Demand was strong in the country because of low stock levels, as well as the expectation of more price increases.Most market participants expected further price increases next week, because of globally high pri...Read More

2020 was a record year for our local real estate agent.In my tiny North Country town, with a year-round population of about 260 people, you don't typically see a lot of action in the real estate game.Most of the homes up here are summer homes, and in any given year, you might see three or four on the market, with maybe one or two actually being sold.But not last year.Last year, of the six homes pu...Read More

Hot-dipped galvanized (HDG) and pre-painted galvanized iron, or color-coated coil, prices in Turkey increased as expected during the week to Thursday April 1, with demand still strong, sources told Fastmarkets.The price increases were expected due to strong demand and globally high prices, along with continuously rising production costs.Prices for hot-rolled coil (HRC) - the base product for...Read More

At PDAC2021, we spoke with Gary O'Connor, CEO, Chief Geologist, and Director of Moneta Porcupine Mines Inc. (TSX:ME, OTC: MPUCF, XETRA: MOP), a gold exploration company, which holds a 100% interest in 6 core gold projects and a 50% JV with Kirkland Lake Gold, strategically located in the Prolific Destor-Porcupine Fault Zone, in Ontario, Canada, with excellent infrastructure, including access roads...Read More

Steel rebar prices in Egypt remained unchanged in the seven days to Thursday, April 1, on continuing weak demand, sources told Fastmarkets.Demand for rebar in the country has been weak since the imposition of a construction ban in May 2020, even though the rules were eased slightly in September 2020.Market participants expected the construction ban to be further eased, leading to an increase in de...Read More

Turkish rebar and wire rod export prices have increased over the past week in line with strengthening demand and rising imported scrap costs, market sources told Fastmarkets on Thursday April 1.Several steel producers were heard selling good tonnages to Southeast Asia in recent weeks.A steel mill in the Izmir region sold a rebar cargo to the region at $636 per tonne fob on an actual weight basis,...Read More

Domestic long steel prices in Turkey continued to increase in the seven days to Thursday April 1, due to the weakening Turkish lira and despite very limited demand, sources told Fastmarkets.The lira started a sharp decline at beginning of last week, following the surprise sacking of the central bank chief Naci Agbal by president Recep Tayyip Erdogan and the subsequent appointment of finance specia...Read More

Pig iron export prices from the south of Brazil softened in the week to Thursday April 1 in new sales.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $500-515 per tonne on Thursday, widening downward from $510-515 per tonne at the end of the preceding week.One sale...Read More

Pig iron export prices from the Commonwealth of Independent States (CIS) increased during the week to Thursday April 1, amid new sales to neighboring markets and suppliers' bullish mood. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $535-542 per tonne on Thursday, up from from $520-530 per tonne a week before.The most-recent sales of Ukr...Read More

The pig iron import market in the United States was slow during the week to Thursday April 1 due to the large gap between the workable price estimates for buyers and from suppliers in the Commonwealth of Independent States.Consequently, Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $555-565 per tonne on Thursday, unchanged week on week."The US is the only market w...Read More

Slab export prices from Brazil were stable in the week ended Thursday April 1, with most sellers already sold out of May-shipment volumes, but are mulling over new price increases for April.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $780-810 per tonne fob on Friday, unchanged from the previous week.Next week, sellers are considering price increases o...Read More

A global shortage of steel slab is a key factor in rocketing flat steel prices, market sources told Fastmarkets this week.Reduced CIS suppliesCustomers from Italy and Turkey have noticed a reduction in the availability of steel slab originating in the Commonwealth of Independent States (CIS) region in the second half of March."Some Italian re-rollers cannot produce much coil and plate due to missi...Read More

**This webcast originally aired live on Hedgeye.com on March 18, 2021**This is an exclusive "Hedgeye Investing Summit" interview between Jeffrey Snider, Head of Global Research at Alhambra Investments, and Hedgeye CEO Keith McCullough.Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCullough...Read More

How high can silver spike, and how long can these spikes last? Join Mike Maloney, Jeff Clark and Adam Taggart as they examine this topic and more in today's video update.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook?EUR< Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed immediately...Read More