The latter is reportedly in the final throes of raising A$500-600 million for a portfolio that includes the Capricorn operation in Queensland, located 7km from Castillo's key Mt Oxide ground holding.Castillo plans to test multiple targets at Mt Oxide over the next few months, including the Big One, Arya and Sansa prospects.It also said it would now be able to expedite exploration programs in Zambi...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ | OTCQB: VENZF) ("Venzee" or the "Company") a "smart tech" Software as a Service (SaaS) platform, used by consumer brands to move critical, consumer-facing product information to any global retailer, announced today that it will be presenting virtually at the upcoming LD Micro Invitational XI event on Wednesday, June 9, 2021 at 11:30 AM ET.John...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States on Friday June 4.China The ferro-silicon market became bullish following news that a major Malaysian ferro-silicon producer has issued a two-week production suspension, with supply shifting to China and suppliers' offers broadly holding offers firm. The export ferro-silicon price went higher due to tight spot availa...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States on Friday June 4. China Seaborne low- and high-grade manganese ore markets jumped as much as 12.31% after miners raised offers for July shipment amid protracted high freight rates and a strengthening South African rand. Sentiment was boosted by news that Ningxia province, China's second largest silico-ma...Read More
Fastmarkets' copper concentrate treatment charge and refining charge (TC/RC) index gained further upward momentum on Friday June 4 amid limited spot buying interest from Chinese smelters who are undergoing maintenance work. The index is now at its highest level since late February when it was at $35.80 per tonne / 3.58 cents per lb. This week, a few spot parcels of standard concentrate w...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Ewa Manthey, Charlotte...Read More
Appetites for steel scrap exports were broadly subdued in the week to Friday June 4, with the exception of imports into India and Pakistan.Turkey cooled its importing activity amid softer demand for finished steel, adjusting offers downwardPrices for cargoes from the East and West Coasts of the US divergedVietnamese importers stayed out of the market amid price-trend confusionChinese appetites wer...Read More
The price of stainless steel scrap in the UK and Europe moved upward this week amid higher nickel costs and persistent short supply, Fastmarkets heard on Friday June 4.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, widened upward week on week to ?1,150-1,240 ($1,626-1,753) per tonne on Friday, compared with ?1,150-1,180 per tonne pre...Read More
Prices of shredded steel scrap imported into India and Pakistan have rebounded over the past seven days on tight supply and improving appetite, following a dip the previous week, Fastmarkets heard on Friday June 4.Fastmarkets' steel scrap shredded, index, import, cfr Nhava Sheva, India, was $509.50 per tonne on June 4, up from $509.04 per tonne on June 1, and up week on week from $495.42 per tonne...Read More
Share this article TORONTO - Barrick Gold Corp. [ABX-TSX; GOLD-NYSE] said Friday June 4 that the process of reopening the Porgera gold mine in Papua New Guinea under the terms of a binding agreement between the government and operator Barrick (Niugini) Ltd. (BNL) has taken a major step forward.Barrick President and CEO Mark Bristow said production at the mine may restart later this year.The gold...Read More
Base metals prices on the London Metal Exchange have attracted dip-buying this morning, Friday June 4, after weakness on Thursday when prices fell across the board by an average of 2.2%. At the same time, prices on the Shanghai Futures Exchange were weaker this morning while they reacted to yesterday's weakness on the LME.Thursday's strong US data, including employment data, bodes well for today's...Read More
My friend James made $10,000 this week trading AMC Entertainment Holdings Inc. (NYSE: AMC).Let me tell you how... The squeeze on the market's most heavily shorted stocks continued this week as r/WallStreetBets followers drove the share value of AMC through the roof.James - a gamer, gambler, and day trader - was privy to the Reddit mob's move earlier than most. By buying "near in-the-money calls"...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Battery-grade lithium hydroxide prices in Asia moved up over the week ended Thursday June 3 against the backdrop of continued tight supply and firm buying appetite.Battery-grade lithium hydroxide prices in both domestic Chinese and seaborne Asian markets were underpinned by robust demand. Battery-grade lithium carbonate price in China was flat, although concerns persisted over increased supply. Eu...Read More
Australian spodumene producer Galaxy Resources has increased its full year production guidance for 2021 to 195,000-210,000 dry metric tonnes (dmt) of spodumene concentrate in response to strong demand, it said on Wednesday June 2.The company had previous estimated an annual output of 185,000-200,000 dmt. Galaxy's Mt Cattlin operation in Western Australia has continued to operate at full capacity d...Read More
Prices in Turkey for hot-dipped and pre-painted galvanized steel coil were forced downward during the week to Friday June 4 in order to remain competitive, sources have told Fastmarkets.Demand was strong to moderate in the export markets, but the prices offered by Vietnam to Europe were about $30-40 per tonne lower than offers from Turkish suppliers.As a result, Turkish coated coil producers decre...Read More
Indian steel mills have increased their domestic hot-rolled coil prices by 2,500-5,000 rupees ($34-68) per tonne for sales in June, bringing local prices closer to international HRC prices, Fastmarkets heard on Friday June 4.The price of steel HRC, domestic ex-whse India, was assessed by Fastmarkets at 68,500-70,500 rupees ($938-965) per tonne on Friday, compared with last week's assessment at...Read More
Market activity has been slow in the European hot-rolled coil market because buyers were holding back from new deals to monitor the situation in the global market and to wait for a decision in the regional safeguard measures case, sources told Fastmarkets on Friday June 4.Domestic prices have been supported by good order books at European steelmakers, however, and by limited access to overseas coi...Read More