Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
Three-month prices for base metals on the London Metal Exchange, except aluminium, closed in negative territory after trading on Wednesday May 27, with futures prices capped by risk-off sentiment created by reignited tensions between the United States and China.Tensions have flared between the two countries over China's proposals for new security laws in Hong Kong, pointing to a further deteriorat...Read More
Fastmarkets has corrected its daily assessments for the nickel arbitrage, in the base metals arbitrage SHFE versus LME calculation, which were published incorrectly on Tuesday May 26 due to an input error.The assessment for the nickel import arbitrage $/tonne was wrongly published as -$188.49 per tonne on May 26 and should have been $194.25 per tonne.The assessment for the ...Read More
Weekly Reports |May 26 2020A report of significant reduction in US uranium production over 2019 and into 2020 had uranium spot prices back on the move again last week.-Big reduction in US 2019 production of uranium-Big reduction in US March quarter 2020 production-Kazatomprom still in lockdown-Spot price hits a four-year highBy Greg PeelAccording to a report released by the US Energy Information...Read More
Keith WeinerPosted May 27, 2020Suppose you wanted to run an enterprise the right way (we know, we know, this is pretty far-out fiction, but bear with us). And, your enterprise has a $1 million dollar piece of equipment that wears out after 10 years. You must set aside $100,000 a year, so that you have $1 million at the end of 10 years when the equipment needs replacing. There’s a word, now a...Read More
Futures indicate a similar result today.The World Health Organisation said there were more than 99,000 new cases reported yesterday, taking the global tally to almost 5.5 million and there had been 349,190 deaths.Base metals closed mainly lower in London yesterday as data out of China indicated its slow recovery was continuing."However, profits at state-owned enterprises dropped 46% in the first f...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce the acquisition through staking of six new uranium exploration properties totaling over 57,000ha in the prolific Eastern Athabasca Basin of Saskatchewan (Figure 1). All of the new claims are 100% owned by IsoEnergy.New Property Summary:Hawk: 6,000ha located 37km west of Larocque East, home of the Hurricane Zon...Read More
A study of the often overlooked E&C sector by Citi, an investment bank, found that leading Australian mining service providers such as Monadelphous and NRW Holdings have been oversold on the stockRead More
By: Gary SavageI warned you about this situation. Gold's option expiration on Tuesday. Usually see an attack. The triangle consolidation pattern was blocked and not allowed to get follow-through, the technical will transform into a box:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold dropped because of the strong equity markets, but not the tech sector -- stalling. Gold's trend is down in the short-term:Read More
Spot gold is higher than comex gold futures after a very long-term time. Silver, copper and crude oil will remain firm on demand outlook and mine supply pressure. Trend of all metals, energies and US dollar Index till 2nd June can be misleading. Trend between 3rd June to 17th June will be sustainable. COVID is getting less attention now. Focus is on jobs and economy. COVID infections once world...Read More
The Antamina copper and zinc mine in Peru has resumed operations following its shutdown due to the Covid-19 pandemic, shareholder Teck Resources said.The Vancouver, Canada-based miner, which has a 22.5% stake in Antamina, said that a reduced operating workforce had been mobilized with plans to start off at roughly 80% of full capacity after operations at Antamina were suspended last month to...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereSteenkamp told a virtual panel of industry leaders yesterday the fact 196 people had tested positive for COVID-19 at AngloGold's Mponeng gold mine would not affect t...Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Here are five Fastmarkets stories you might have missed on Wednesday May 27 that are worth another look.The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pan...Read More
The Turkish deep-sea scrap import market was quiet on Wednesday May 27, with market participants returning after a four-day lockdown, sources told Fastmarkets.The whole country was under lockdown to prevent the further spread of the Covid-19 virus during the Eid al-Fitr celebrations - which are held to mark the end of Ramadan and took place between the night of Friday May 22 and the...Read More
The annual sitting of the National People's Congress of the People's Republic of China and the Chinese People's Political Consultative Conference - widely known as the 'twin sessions' - in Beijing released a series of stimulus packages for the development of China's economy amid the Covid-19 pandemic.Market participants harbor mixed sentiment over the impact of the policy measures. Here are eight...Read More
The Antamina copper and zinc mine in Peru has resumed operations following its shutdown due to the Covid-19 pandemic, shareholder Teck Resources said.The Vancouver, Canada-based miner, which has a 22.5% stake in Antamina, said that a reduced operating workforce had been mobilized with plans to start off at roughly 80% of full capacity after operations at Antamina were suspended last month to...Read More