The London Metal Exchange three-month nickel price gained 2.4% on the previous day's close to hit a high of $12,295 per tonne during morning trading on Wednesday May 6, as China's return to market proved to be a tailwind for nickel demand and the metal's outright price.China's re-entry into the market at a time when the country is restarting its commercial activities is expected to bolster metals...Read More
Broader markets were mixed this morning, Wednesday May 6, while base metals prices on the London Metal Exchange were up across the board. Base metals prices on the Shanghai Futures Exchange were mixed following Chinese participants' return to the market after the country's Labor Day holiday (May 1-5).Asian-Pacific and pre-market western equity indices were mixed this morning.Markets should be brac...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Ailing silicon producer Ferroglobe will delay filing its 2019 annual report by up to six weeks as a result of the Covid-19 pandemic, the company announced last week."With the uncertainties created by the Covid-19 pandemic and potential implications for Ferroglobe's operating environment and financial results, the company continues to prepare financial scenarios for the near term, which its externa...Read More
A summary of stainless steel producer Aperam's results for the first quarter of 2020.In brief Sales, shipments and adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) were down year on year due to the coronavirus-driven downturn. The company reported a "seasonally normal...Read More
A summary of stainless steel producer Outokumpu's results for the first quarter of 2020. In brief Sales and deliveries decreased year on year because of the coronavirus pandemic and its effect on the market. Earnings before interest, taxes, depreciation and amortization (Ebitda) for the quarter increased on an annual comparison because...Read More
A summary of the financial results for Switzerland-based special and stainless steel producer Schmolz + Bickenbach (S+B) for the first quarter of 2020.In brief The company attributed the weaker quarterly results to the effects of the Covid-19 pandemic. A fragile market recovery, which started in early 2020, was interrupted by the pandemic. Geographically, all regions and countries suffered a doubl...Read More
A summary of Brazilian steelmaker Gerdau's financial results in the first quarter of 2020, as stated in its earnings report on Wednesday May 6.In brief Sales volumes and financial performance weakened year-on-year with all of the company's divisions affected by lower demand in the last 15 days of March due to the Covid-19 pandemic. The North America unit reported stronger results amid higher consu...Read More
Stainless steel prices in China were largely unchanged in the week to Wednesday May 6, with market participants in the country absent from May 1-5 for the Labor Day holiday. The lack of major price movements in the cost of nickel was another factor contributing to steady stainless steel prices, sources said.The three-month nickel contract on the London Metal Exchange has averaged $11,878 per tonne...Read More
Brixton Metals (TSXV: BBB; US-OTC: BBBXF) has announced bonanza-grade silver assays from its wholly-owned Langis silver-cobalt project, 500 km north of Toronto in the Cobalt Camp area of eastern Ontario.Highlights included drill hole 20-83, which intersected 5 metres grading 1,293.34 grams silver per tonne from 11 metres downhole. The hole also contained a 2-metre core of 3,205 grams silver per to...Read More
Russia is questioning a U.S.-proposed global legal framework for mining on the Moon, saying the document would have to be examined thoroughly to make sure it complies with international laws before it is officially proposed.The draft agreement, called the Artemis Accords, would be the latest effort to attract allies to the U.S. National Space Agency's (NASA) plan to place humans and space stations...Read More
Rio Tinto's (NYSE: RIO; LSE: RIO) top investors are set to face off at the company's upcoming annual meeting, with only some of them in favour of pushing the miner to extend the range of its targets to reduce greenhouse gas emissions.The world's second-largest mining company recently committed to spend US$1 billion over the next five years to reduce its carbon footprint and have "net zero" emissio...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootAccording to whoever it is who decides such things, I just snuck into Generation X, being born in the fi...Read More
Barrick Gold CEO Mark Bristow joins Squawk Box after the company reports earnings, to speak about the spike in demand for gold during the coronavirus crisis.Read full newsRead More
Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up mines including in copper, its chief executive said.Read full newsRead More
". @MyanmarMetals is an ASX listed mining company with a 51% majority participating interest in the world class Bawdwin deposit located in Shan State, Myanmar.Myanmar will be presenting at #MJSSydney this month at the Sofitel Sydney WentworthJoin us: https://t.co/9KSR6ejvav"Read full newsRead More
Jake Klein of Evolution Mining explains why gold companies are faring better than most sectors during this time of extended uncertainty due to the coronavirus pandemic.Read full newsRead More
Gold prices in 2020 have jumped higher. As a result, the top gold mining stocks are moving higher as well. It'd be good to watch these three gold companies.Read full newsRead More
By Michael Bakas, EVP Distributed Energy Systems, Ameresco Special to The Digest In the final weeks of 2019, the American Gas Foundation updated its nearly decade-old report assessing the market and technical potential for renewable natural gas (RNG) supply and emissions reductions. One of the biggest takeaways was this: RNG could reduce emissions from natural...Read full newsRead More
"Several #gold showings are listed on the #Amandaproperty. Other evidence with a similar geological background is also highlighted within a 15 km radius to the west and southwest of the property#Checkitout#Vanstar $VSR #IAmGold #Gold #MomentumStockshttps://t.co/z5cQwR1T98"Read full newsRead More