Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.Carmakers Volkswagen AG and Ford Motor Company have signed agreements that stren...Read More

Bob Moriarty ArchivesJun 11, 2020The investing climate today is far more dangerous than I have ever seen in my life. Last week American Airlines shares doubled in four days. That has never happened in history. Hertz, which just happens to be in bankruptcy, went from $.82 to $5.62 in four days. That’s pretty remarkable for a stock soon to be valued at an even ZERO.I’m going to format th...Read More

Chilean copper output rose by 2.6% year on year in April, with the country's three top producers all reporting growth despite restrictions put in place to curb the spread of the Covid-19 outbreak.The national copper commission, Cochilco, said on Tuesday June 9 that the country produced 470,600 tonnes of copper content in April, up from 458,600 tonnes in April 2019. Output was d...Read More

In this video, Mining Journal talks with Grosskopf about its New York dual listing, junior mining investing, the all-important strategy and the firm's precious metals product range. Highlights include:Sprott Inc"We see ourselves as almost a royalty company-like profit earner in the sector. We pay a strong dividend and we have good margins. … The adoption curve of having gold become a mainst...Read More

Bob StokesElliottWave InternationalPosted Jun 11, 2020Watching out for sentiment extremes helps you avoid getting "caught up with the crowd"Simply put, a market sentiment extreme is a situation when most everyone has already taken a bullish or bearish position in a financial asset, leaving almost no one left to buy or sell.Silver provides an excellent case study.Let's briefly go back to April 18,...Read More

Tribeca was one of a syndicate of lenders supporting the Kentucky-focused coal miner, which filed for bankruptcy protection in February to facilitate the sale of the operating Poplar Grove mine, partRead More

HighlightsLower Zone discovery: 10 meters of 3.9 g/t gold starting at 237 meters in FG-20-369 including:1.0 meter of 33.9 g/t at 239.0 metersHole FG-20-368 hit 10 meters of 0.8 g/t at 185 meters in same zoneNew Lower Zone thickness remains openUpper Zone intercept: 32.0 meters of 3.0 g/t gold starting at 22.0 meters in FG-20-369 including:1.0 meter of 42.5 g/t at 29.0 metersLarge diameter, o...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.Carmakers Volkswagen AG and Ford Motor Company have signed agreements that stren...Read More

Dave Kranzler, Investement Research Dynamic's Mining Stock JournalThe bullion banks - at least on the Comex - have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet increasing long-side counterparty delivery demands.Chris Marcus of Arca...Read More

By: Ira EpsteinOil API data not bullish, not consistent draws. Gold having a good start to the week, August chart breaks to neutral pattern..Read More

Fastmarkets has corrected its manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price, which was published incorrectly on Wednesday June 10 due to an error.Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, in-whs Rotterdam was originally published at $1,500-1,600 per tonne on June 10. This has now been corrected to $1,550-1,600 per tonne.Fastmarket...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on June 10.Carmakers Volkswagen AG and Ford Motor Company have signed agreements that stren...Read More

Japanese steel scrap prices have jumped again over the past week amid tightening supply but buyers are unwilling to accept the fresh price increases, market sources told Fastmarkets on Wednesday June 10.Tight supply of H2 heavy scrap has resulted in further increases in scrap buying prices at Japanese mills over the past week, together with a sharp rise in sales prices at the Kanto Tetsugen auctio...Read More

On average, base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up by 0.2% and 0.4% respectively at 7.07am London time on Wednesday June 10. Asian-Pacific equities were mixed but pre-market major western equity index futures were up this morning, showing some mixed currents ahead of the US Federal Open Market Committee (FOMC) economic projections and statement that a...Read More

FORT FRANCES - The Ontario government is investing more than $1 million through the Northern Ontario Heritage Fund Corporation (NOHFC) in two Rainy River agricultural projects, creating three jobs.Rainy River Future Development Corporation is receiving $1 million to begin a two-year tile drainage program in the Rainy River district. Tile drainage is a common land-improvement practice that creates...Read More

The cobalt standard grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt...Read More

The cobalt alloy grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trade logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

European hot-rolled coil producers have been under severe pressure from subdued demand and high raw materials costs, sources told Fastmarkets on Wednesday June 10.Market activity has been low due to a combination of well-stocked distributors and a lack demand from end users, including those in the automotive industry."Most automotive subcontractors have enough to do at the moment as carmakers have...Read More

Fraunhofer Institute confirms 99.99% (4N) high purity alumina (Al2O3), is critical for Lithium battery safety and performance. Test work shows there is sodium contamination from low grade alumina and boehmite in lithium-ion battery applications. There is up to an 80-fold increase of sodium levels, in contrast, there is minimum sodium leaching for 4N alumina (99.99%). Sodium contamination causes se...Read More

Workers of Tata Steel Netherlands started industrial action after their ultimatum expired and the company's management failed to reach consensus with their workers' representatives, trade union FNV Metaal said on Wednesday June 10. Workers at the ore preparations of Tata Steel's Dutch asset in IJmiuden left their work at 2pm today local time, stating that Tata Steel failed to comply with their dem...Read More