London Metal Exchange base metals prices were mixed this morning, Monday September 7, as were pre-market major western equity index futures, while metals on the Shanghai Futures Exchange were mainly firmer and Asian-Pacific equities were mixed too.* A better-than-expected US employment report on Friday led to a strong close for the base metals at the end of last week, but a weaker tone in equity m...Read More
Fastmarkets' seaborne premium hard coking coal cfr index increased on Monday September 7, after the latest transaction, with market participants agreeing that demand from China will be the key factor in any further spot market price increases. Fastmarkets indicesPremium hard coking coal, fob DBCT: $110.05 per tonne, up $0.05 per tonne Premium hard coking coal, cfr Jingtang: $115.88 per t...Read More
Buying interest for iron ore lump has increased due to stricter sintering restrictions being imposed in the steelmaking hub of Tangshan, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $129.11 per tonne, up $0.31 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $129.44 per tonne, up $0.22 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $114.38 per tonne,...Read More
Seaborne iron ore concentrate and pellet prices went up in the week to Friday September 4 amid a recovery in demand, though high inventory levels at Chinese ports limited the uptrend, sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $136.97 per tonne, up $5.10 per tonne65% Fe blast furnace pellet, cfr Qingdao: $143.07 per tonne, up $4.90 per tonneKey driversMar...Read More
US-based electric vehicle maker Tesla has joined cobalt producers Huayou and Glencore as a member of a recently founded organization whose aim is to improve the artisanal mining sector in the Democratic Republic of the Congo (DRC).The Fair Cobalt Alliance (FCA) will help to boost the appeal of cobalt produced in the DRC by developing the working standards in artisanal mining, a part of the industr...Read More
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...Read More
The cobalt alloy 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...Read More
Key data from the Friday September 4 pricing session in Shanghai.Key drivers Export price moves up after some deals concluded near $1,440 per tonne.Some exporters maintain offers above the published range due to the firmer domestic market and a stronger yuan in relation to the dollar, but they have not...Read More
Outright cobalt hydroxide prices continued to rise over the past fortnight, but gains were capped after consumers demonstrated less urgency in their need to restock the material.Fastmarkets' cobalt hydroxide index 30% Co min, cif China was at $11.89 per lb on Friday September 4, up by 7 cents per lb (0.6%) from $11.82 per lb on August 21.Negotiations for units both on the water and in local bonded...Read More
Key data from the Friday September 4 pricing session in Shanghai.Key drivers Exporters continue to raise offer prices given the strength in the domestic market and perception of a firmer yuan against the dollar. The range of upward price adjustments varied, however, with some exporters even offering...Read More
Timothy Ray Sewell is no stranger to pandemics. In the early 2000s, he developed emergency management plans in Indonesia and Borneo for BHP Billiton during the H1N1 influenza pandemic and the H5N1 avian influenza. Years later, Sewell was working for BHP in West Africa and Sundance Resources in central Africa as the first sporadic cases of Ebola emerged on the continent.Now the senior director of h...Read More
More than 1,800 people from over 80 countries tuned in to The Northern Miner's first Global Mining Symposium last week. The three-day virtual event built on the success of our Canadian Mining Symposium conferences, now in their fourth year, and featured interviews and panel discussions with mining executives, fund managers and technical experts from around the world.In the first panel discussion,...Read More
A new set of guidelines has been released called the Global Industry Standard on Tailings Management to help strengthen mining practices, with the goal of zero harm to people and the environment.Prepared by the United Nations Environment Program, Principles for Responsible Investment (PRI) and the International Council on Metals and Mining (ICMM), the standard is a direct response to a series of l...Read More
Auroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 2588 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyThat's a question guaranteed to keep mining company chief executives awake at night because for the past 20 years China has been the...Read More
Brazilian miner Vale SA said it has not reached an agreement with Australia's New Century Resources Ltd to sell its stake in New Caledonia nickel project and now is preparing to potentially shut it down, according to a securities filing on Monday.Read full newsRead More
VANCOUVER, BC, Sept. 3, 2020 /CNW/ - First Energy Metals Ltd. (CSE: FE) ('First Energy' or the 'Company) is pleased to announce assay results of s...Read full newsRead More
Sep 04, 2020 (The Expresswire) --Global "Gold Market" research report presents a detailed analysis of the industry by size, growth rate, top key players,...Read full newsRead More
There is a strong disconnect between the stock market and the economy. The S&P/TSX Composite Index has surged 44% from its March sell-off, while Canada’s gross domestic product (GDP) fell 11.5% in the second quarter. When the famous value investor Warren Buffett hoarded cash and sold off troubled stocks in the March crash, he received a lot of criticism for his actions. But it seems like...Read More
The stock market recovered too fast from the March lows, while the economy continues to struggle amid uncertainty. The growing discord between the stock market and economy is leading many to believe that another crash is near. Last week’s sharp selloff further strengthened the belief.However, reopening of the economy, high liquidity, and gradual improvement in the labour market indicates oth...Read More
This year has already been my most successful year of investing by far. I've consistently been bagging gold gains in the order of five- and six-figures.I've never seen anything like it. Subscribers are having similar experiences and they've never seen anything like it either. This gold trading strategy is already paying off while the rest of the world and markets are witnessing mayhem.My email...Read More