For all the amazing progress in nearly every other aspect of life, we are still using one liner landfills and we still do not know how to handle Styrofoam peanuts.Continue...Read More
Physical demand for silver coins and bars has seen a steady increase in 2021 with premiums remaining elevated, in some cases the highest ever. David Morgan and Ronan Manly discuss what is happening in the silver market and why more and more reports are surfacing of silver being "out of stock".David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a mon...Read More
1. This morning, the major stock indexes are starting out with a strong upside rally. In fact, when the futures opened up on Sunday night they were strong. The financial media is telling us that the pullback in the 10-year U.S. Treasury Note yield is the catalyst for the rally. This might be true today, but then does it mean that the market will rollover when yields start to move higher again? Aft...Read More
Prices in the CIS export steel slab market picked up in the week to Monday March 1 with bookings heard at higher prices in Italy. Higher costs for raw materials and raised prices for finished flat steel prices supported the uptrend in the slab sector.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calculated at $450.49 per tonne on March 1, down...Read More
Pretium Resources encounters gold mineralization with high grades, up to 2,590 grams per tonne. Pretium Resources Inc. (PVG:TSX; PVG:NYSE) announced in a news release that phase 1 of the 2020 underground North Block resource expansion drilling extended high-grade mineralization at its northwestern British Columbia property, and "four intersections assayed above 1,000 grams per tonne gold.""These...Read More
UrbanGold Minerals reported assay results from the first 4 of 10 core holes drilled at its Pallador-Regnault project located within central Quebec's Troilus-Frotet gold belt. UrbanGold Minerals Inc. (UGM:TSX.V) announced in a news release "results from the first four of ten core holes (totaling 1,095 m of 2,452 m) drilled on its 100% owned 26,585-hectare Pallador Property in the Regnault area of...Read More
Outcrop Gold Corp. has been named to the 2021 TSX Venture Exchange's Top-50 list of best performing companies. In a news release, Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced that "it has been named to the 2021 TSX Venture 50, a ranking of top performing companies traded on the TSX Venture Exchange."The company advised that it was ranked fourth on the list for firms active in th...Read More
Mining and metals producer Assmang has ended its force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets on Monday March 1. Assmang produces refined ferro-manganese at its Cato Ridge Alloys plant in the eastern province of KwaZulu-Natal and halted production at the start of January. The company also produces high-carbon ferro-manganese, but producti...Read More
Sector expert Michael Ballanger looks back at stock market behavior in the month of February, and its impact on the precious metals. As I look back upon the week and month that ended February 2021, I am reminded that this is the anniversary of the week that I tweeted out: "I say we are less than two weeks (and maybe hours) from the arrival of a Bear Market in global stocks..." What followed was a...Read More
Tim Johnson, CEO of Granite Creek Copper, speaks with Maurice Jackson of Proven and Probable about his company's expansion of the Carmacks project in the Yukon and ongoing exploration there. Maurice Jackson: Joining us for a conversation is Tim Johnson, the CEO of Granite Creek Copper Ltd. (GCX:TSX.V; GCXXF:OTC). Mr. Johnson, a lot of moving pieces here all going in the right direction for Granit...Read More
The former president slammed the Biden administration, renewed accusations that the 2020 election was 'rigged' while hinting at another run - joking at Continue...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2021.The case list below includes only updates. For other continuing cases this year,...Read More
Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry on Monday March 1.Brazil exported 24.05 million tonnes of iron ore in February, up from 21.69 million tonnes in the same month last year, according to the ministry.Vale, the world's largest producer...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2021.The case list below includes only updates. For other continuing cases this year,...Read More
Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.The decision came after meetings to determine customs values, held on January 14 and February 3 with key industry stakeholders - including the Federation of Pakistan Chambers of Commerce & Industry (FPCC&I), t...Read More
Here are five Fastmarkets stories you might have might have missed on Monday March 1 that are worth another look.Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry...Read More
Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry on Monday March 1.Brazil exported 24.05 million tonnes of iron ore in February, up from 21.69 million tonnes in the same month last year, according to the ministry.Vale, the world's largest producer...Read More
Domestic prices for steel hot-rolled coil in Northern Europe increased over the week to Friday February 26, supported by long lead times from domestic mills and good demand.At the end of last week, ArcelorMittal pushed its official offers for downstream products up by ?,?20 ($24) per tonne, but kept offers for HRC unchanged at ?,?750 ($905) per tonne ex-works.Some sources, however, had heard HRC o...Read More
CIS producers of steel rebar and wire rod have increased their offer prices to foreign customers amid the persistent uptrend in scrap and long steel prices globally, Fastmarkets heard on Monday March 1.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $459.85 per tonne on Monday, up by $3.33 per tonne day on day and up by $26.44 per tonne week on week.Higher...Read More
Here are five Fastmarkets stories you might have might have missed on Monday March 1 that are worth another look.Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry...Read More