Metso has reported March quarter sales that were slightly down year-on-year at EUR832 million, with adjusted EBITA down 12.Read More
Governments around the world have implemented strict measures to help ‘flatten the curve', which had resulted in widespread operational shutdowns that had battered the global economy, and by extension, Caterpillar's financial results. And the worst is still expected to come.The Deerfield, Illinois-based company has cautioned that its second quarter would be "more significantly impacted by CO...Read More
The mining industry is set to undergo a paradigm shift in the aftermath of the Covid-19 pandemic that will include a reshaping of corporates, including through "dynamic" mergers and acquisitions, the chief executive officer of Barrick Gold Corporation said.Mark Bristow, whose Africa-focused miner Randgold Resources merged with Canada-based gold and copper giant Barrick last year, said it was a gre...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Thursday May 7. Fastmarkets' daily alumina index, fob Australia was little changed at $241 per tonne on Thursday from $241.37 per tonne a week ago. Key drivers: Majority of market sees $240 per tonne as repeatable after multiple deals were concluded around this level last week. The most recen...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
Key data from Fastmarkets' pricing session in London on Thursday May 7.Key drivers Cobalt metal prices remained under pressure from weak demand, trading at levels last seen in August 2019, according to Fastmarkets data. Sellers have steadily reduced their offers in order to lock-in scarce spot sales, although prices were not yet considered...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
The price of alloy steel scrap in the United Kingdom and Europe moved up this week on low availability and slightly higher nickel costs, Fastmarkets heard on Thursday May 7. Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?730-800 ($902-988) per tonne on May 7, up by ?30-50 per tonne since May 1. With important sources of stainless steel...Read More
The spot copper concentrate market continued to trade at lower treatment and refining charges (TC/RCs) in the week to Thursday May 7. Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific dropped to $50.4 per tonne / 5.04 cents per lb on Thursday and is now down by 23.3% month on month from $65.70 per tonne / 6.57 cents per lb on April 3. Deals reported to Fastmarkets show Chinese s...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
Share this articleGreat Atlantic Resources Corp. [GR:TSXV] is pleased to announce it has received analytical results for 2019 rock samples collected at the Southwest Golden Promise Property, located in the central Newfoundland gold belt. The highlight was a quartz vein material sample which returned 3.1 grams per tonne (g/t) gold. The Southwest Golden Promise Property is centered approximately 4 k...Read More
The Commodity Futures Trading Commission (CFTC), a US commodities regulator, is analyzing what led the crude oil price to move into negative territory last month, including an assessment of market participant activities and whether position limits and other regulations might need to change.The move could add impetus to the CFTC's proposal to impose federal position limits in 25 energy, metals and...Read More
The mining industry is set to undergo a paradigm shift in the aftermath of the Covid-19 pandemic that will include a reshaping of corporates, including through "dynamic" mergers and acquisitions, the chief executive officer of Barrick Gold Corporation said.Mark Bristow, whose Africa-focused miner Randgold Resources merged with Canada-based gold and copper giant Barrick last year, said it was a gre...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt, standard-grade, in-whs Rotterdam, $ per lb.Click here for Fastmarkets' price assessment for cobalt, alloy-grade, in-whs Rotterdam,...Read More
Key data from Fastmarkets' pricing session in London on Thursday May 7.Key drivers Cobalt metal prices remained under pressure from weak demand, trading at levels last seen in August 2019, according to Fastmarkets data. Sellers have steadily reduced their offers in order to lock-in scarce spot sales, although prices were not yet considered...Read More
Today is Thursday, May 7, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Baytex Energy Corporation (NYSE: BTE), PBF Logistics LP (NYSE: PBFX), and Diamond S Shipping (NYSE: DSSI).Baytex Energy Corporation (NYSE: BTE)Baytex Energy Corporation (NYSE: BTE) is a $168.2 million company today with a one-year return of -85.58%. Let's look at its price-to-earn...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More
Today is Thursday, May 7, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,707.80. It's up 0.07% from yesterday and up 33.28%...Read More
Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.Mining companies are looking to trading houses and specialist funds for credit since lower metal prices and enforced shutdowns ha...Read More
They didn't want me to write this article.They said it would be deemed politically incorrect and could offend a lot of people.But here's the thing...I don't care. While my intention is not to offend anyone, I'm not going to trivialize the truth in an effort to placate those who are easily offended. Especially not this truth...China Screwed Us Was COVID-19 spawned in a wet market or in a biotec...Read More