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Chrysos sees North America market foothold

August 17, 2020 / www.mining-journal.com

Chrysos' Photon Assay is a quantitative chemistry-free replacement for fire assay on site and in the laboratory.Read More

UG2 chrome ore market stabilizes as buying activity picks up

August 18, 2020 / www.metalbulletin.com

Liquidity improved in the UG2 chrome ore market in the week to Friday August 14, with current price levels enticing more buyers to be active in the forwards market, according to market participants.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China was stable at $133 per tonne on Friday, after rising by $1 per tonne the previous week.Trading activity picked up signifi...Read More

Govt inaction on Montreal port strike 'incomprehensible', says MAC

August 16, 2020 / www.mining-journal.com

President and CEO of the Mining Association of Canada (MAC), Pierre Gratton said the worker inaction stacked on top of other national supply chain disruptions brought about by COVID-19, Indigenous rights demonstrations, and railway strikes late last year lowered the country's competitiveness on the international stage."On the backdrop of massive supply chain disruption, and unprecedented reputatio...Read More

Siyata Mobile Appoints Nicholas Yaeger as VP of Sales for the Company's Verizon Account

August 17, 2020 / kincommunications.com

Montr?(C)al, Qu?(C)bec - August 17, 2020 - Siyata Mobile Inc. (the "Company" or "Siyata") (TSX-V:SIM / OTCQX:SYATF) is pleased to announce the appointment of Nicholas Yaeger as VP of Sales for the Company's Verizon Account, effective immediately.Mr. Yaeger is an experienced individual who has worked at Verizon in various roles and departments for more than 15 years. His extensive background in the...Read More

TURKEY DOMESTIC STEEL SCRAP: Weaker lira, rising finished steel prices push up domestic scrap values

August 18, 2020 / www.metalbulletin.com

Turkish domestic scrap prices increased over the past week in line with strengthening domestic finished steel prices and imported scrap costs, sources said on Monday August 17.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 1,890-2,115 lira ($257-288) per tonne on Monday, up from 1,720-2,045 lira per tonne last week.A number of steel mills ra...Read More

MORNING VIEW: Metals mainly stronger, broader markets mixed

August 18, 2020 / www.metalbulletin.com

Metal prices were mostly firmer on both the London Metals Exchange and the Shanghai Futures Exchange on Monday August 17, the exception was the SHFE September aluminium contract that was down by 0.3% while the rest of the metals on both exchanges were up by an average of 1.1%. United States/China trade talks over the weekend were postponed. Japan's preliminary gross domestic product fell by 7.8%...Read More

PEOPLE MOVES: Tianqi Lithium president resigns

August 18, 2020 / www.metalbulletin.com

Chinese lithium producer Tianqi has announced that company president Vivian Wu submitted a written letter of resignation on August 12, according to a filing to the Shenzhen stock exchange on Friday August 14.Wu's term of office was scheduled to end in 2023. She cited "personal reasons" for her decision.Tianqi chairman Jiang...Read More

Brazilian domestic flat steel prices up on demand recovery, low imports

August 18, 2020 / www.metalbulletin.com

Flat steel prices in the Brazilian domestic market have increased in August because of recovering steel demand and high import prices, with further price rises to be imposed next month, Fastmarkets heard on Monday August 17.Producers have fully applied the previously announced price increases for flat steel products, and market participants believed that steelmakers will succeed in applying a furt...Read More

Western Magnesium Corporation (TSXV: WMG; Frankfurt-M1V; OTCQB: MLYF): Bringing Magnesium Production Back into the USA; Interview with Sam Ataya, Executive President, CEO and Paul Sauve, VP of Operations

August 17, 2020 / www.metalsnews.com

Western Magnesium, and from Paul Sauve, the Company's Vice President of Operations that the Company's focus is bringing magnesium production back into the United States, targeting industries, such as the auto, aerospace, airline, electric car batteries, US government and the DOD. We learned from Mr. Ataya and Mr. Sauve that their proprietary technology is scalable, and price competitive with the w...Read More

Warren Buffett Buys GOLD

August 17, 2020 / www.energyandcapital.com

According to an SEC filing released late on Friday, Berkshire Hathaway bought a sizable position in Canadian miner Barrick Gold (NYSE: GOLD) in the second quarter while simultaneously selling shares of U.S. banks.The filing shows Berkshire purchased 20.9 million share of GOLD, worth over $560 million. Shares of GOLD jumped over 8% in after-market trading following the announcement.Meanwhile, the f...Read More

EUROPE HRC: Domestic price rises pause but more to come

August 18, 2020 / www.metalbulletin.com

Domestic prices for hot-rolled coil in Northern Europe were unchanged day on day on Monday August 17, after a gradual increase last week, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?419.17 ($496.32) per tonne on Monday August 17, unchanged from August 14.The index was, however, up by ?,?5.00 per tonne week on wee...Read More

EUROPE HRC WRAP: Domestic prices continue to rise supported by positive outlook

August 18, 2020 / www.metalbulletin.com

Domestic prices for steel hot-rolled coil across Europe increased further over the week to Friday August 14, despite seasonally slow market activity.Buyers told Fastmarkets they expect prices to continue the recovery in September when market activity improves after the summer slowdown.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated a...Read More

INK Canadian Insider Index rises 2.1%, reaches new multi-month highs

August 16, 2020 / www.canadianinsider.com

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index continued its purposeful upward climb and added 21.74 points or 2.1% and closed at 1069.58. The INK CIN is now up over 11.5% in the past 6 weeks.MACD dipped 1.48 to 1.41. RSI remained steady, dropping just 0.16 points to 76.36. It has now been trading elevated above 7...Read More

IN CASE YOU MISSED IT: 5 key stories from August 17

August 18, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday August 17 that are worth another look.The board of directors of Brazil-based miner Vale has approved a project to expand capacity in the miner's Serra Sul iron ore site, in the country's northern Caraj??s region, by 20 million...Read More

RUSSIA REBAR: Prices hold while producers plot hikes

August 18, 2020 / www.metalbulletin.com

Prices for rebar in Russia's Central Federal District around Moscow remained flat over the week to August 17, while sentiment in the market remained bullish on good demand from construction, sources said.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 35,000 roubles ($480) per tonne on Monday, including 20% VAT, flat with the week before and...Read More

Brazilian rebar price at 15-month highs; set to increase further in September

August 18, 2020 / www.metalbulletin.com

The domestic steel rebar price in Brazil increased for the second consecutive month in August, after steelmakers' attempts to raise it in July were successful, market participants said.Fastmarkets' monthly assessment of steel reinforcing bar (rebar) domestic, delivered Brazil was 2,510-2,620 Reais ($463-483) per tonne on Friday August 14, up from 2,410-2,530 Reais per tonne on July 10.As well as r...Read More

IN CASE YOU MISSED IT: 5 key stories from August 17

August 18, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday August 17 that are worth another look.The board of directors of Brazil-based miner Vale has approved a project to expand capacity in the miner's Serra Sul iron ore site, in the country's northern Caraj??s region, by 20 million...Read More

TURKEY DOMESTIC STEEL SCRAP: Weaker lira, rising finished steel prices push up domestic scrap values

August 18, 2020 / www.metalbulletin.com

Turkish domestic scrap prices increased over the past week in line with strengthening domestic finished steel prices and imported scrap costs, sources said on Monday August 17.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey was 1,890-2,115 lira ($257-288) per tonne on Monday, up from 1,720-2,045 lira per tonne last week.A number of steel mills ra...Read More

Vale to expand iron ore production capacity in Caraj??s region by 20 million tpy

August 18, 2020 / www.metalbulletin.com

The board of directors of Brazil-based miner Vale has approve a project to expand capacity in the miner's Serra Sul iron ore site, in the country's northern Caraj??s region, by 20 million tonnes to 120 million tonnes per year. The Serra Sul 120 project will expand the production capacity of Vale's S11D mine and plant, which is the main unit in the Caraj??s region, with start-up expected to the fir...Read More

CIS STEEL SLAB: Market firmer as customers accept higher prices

August 18, 2020 / www.metalbulletin.com

Exporters of steel slab from the Commonwealth of Independent States (CIS) managed to strengthen their positions further in mid-August by signing several contracts with traditional customers at higher prices.The continuing positive trend in the finished flat steel products sector, both in customers' markets and in the CIS region, as well as the reduced availability of slab, were the main reasons fo...Read More

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