Turkish steel producers continued to stay away from the deep-sea scrap import market, but the current firm prices could soon start to rise if demand for rebar grows, sources said on Tuesday June 16.After booking nine deep-sea cargoes, totalling 250,000 tonnes last week, the Turkish steel producers have been quiet since the start of this week.They are still expected to book more cargoes,...Read More
Seaborne prices were generally flat on Tuesday June 16 after no transactions were heard, with market participants trying to figure out how China's import restrictions and ex-China demands will affect the market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.36 per tonne, down $0.11 per tonne Premium hard coking coal, cfr Jingtang: $117.35 per tonne, down $0.23 per tonneHard coking co...Read More
Seaborne iron ore prices went up on Tuesday June 16 following a rise in the futures market due to a weekly decrease in shipments from Australia and Brazil, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $104.85 per tonne, up $1.41 per tonne.62% Fe low-alumina fines, cfr Qingdao: $107.80 per tonne, up $1.68 per tonne. 58% Fe fines high-grade premium, cfr Qingdao:...Read More
China's domestic and export prices for rebar were flat on Tuesday June 16 amid low trading activity as a result of bad weather, with rising futures keeping the market supported.Domestic Eastern China (Shanghai): 3,570-3,600 yuan ($503-508) per tonne, unchangedRain persisted in eastern China while some parts of the northern and southern regions experienced high temperatures, which shortened the wor...Read More
The electric vehicle (EV) sector will continue to find support in the medium term despite the overall impact of Covid-19 on global automotive output in 2020, according to battery materials manufacturer Umicore. The Belgian company anticipates a 25% decline in total global automotive production this year, but while the coronavirus and its impact on the global economy have clouded the outl...Read More
After market feedback, Fastmarkets MB is extending the consultation period for its proposal to launch a weekly price assessment for tantalum concentrate.The initial consultation, which ends on June 15, has confirmed an appetite for third-party price assessments for tantalum, but the extension will allow time for market feedback on the specifications that have been revised in line with initial...Read More
This week's episode features the opening of this year's Canadian Mining Symposium held on Zoom from June 16-18, 2020. Northern Miner group publisher Anthony Vaccaro gives opening remarks to the event followed by TMX Group's head of business development, Dean McPherson, who discusses the inner workings of listing on the Toronto Stock Exchange and the TSX Venture Exchange.All this and more with onli...Read More
Fortescue Metals Group (ASX: FMG), the world's fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, ten years earlier than its closest rivals BHP, Rio Tinto and Vale.Further, the Australian miner expects to slash operational emissions 26% by 2030. Fortescue had previously signalled that it intended to be carbon-neutral by the "second half of...Read More
Skeena Resources (TSXV: SKE; US-OTC: SKREF) has started a preliminary feasibility study (PFS) for the Eskay Creek gold-silver project in the province's Golden Triangle area."The PFS is the next step in the evolution of Eskay Creek, as we move this high-grade, open-pit project towards development and through to commercial production," Shane Williams, the company's COO, said in a press release.As th...Read More
Libero Copper & Gold (TSXV: LBC; US-OTC: LBCMF) has announced its exploration plans for the 260-sq.-km Big Red property within the Golden Triangle.The company plans to first complete a surface program at the site, with mapping and collection of 600 rock samples scheduled over the next month. These results will then help guide a 3,000-metre drill program slated for July. The first phase of drilling...Read More
https://smallcapbuyouts.pinnacledigest.com/ In May of 2020, the Pinnacle Digest crew traveled to Strathmore, Alberta Canada to visit our client EarthRenew (E...Read full newsRead More
Greatland Gold could be a fantastic bargain at current levels if the company's able to live up to its full potential, based on current estimates. The post Is Greatland Gold the bargain you need to buy today? appeared first on The Motley Fool UK.Read full newsRead More
Games with Gold program has returned with two more games in tow for Xbox Live Gold and Xbox Game Pass Ultimate members. Coffee Talk for the Xbox One and Sine Mora for Xbox 360 can now be claimed.Read full newsRead More
Mr. Gary Billingsley, President, reports that Aurex Energy Corp.Read full newsRead More
Adamera Minerals Corp. announces the appointment of Mark Jones toRead full newsRead More
Rock Samples Grade up to 470g/t Silver and 0.57 g/t GoldRead full newsRead More
This year gold prices have rallied as a result of disrupted supply chains and closed down economies due to the global coronavirus pandemic and increasing possibility of a new trade way between the US and China. Now, gold ETFs are gaining momentum as a hedge against the potentially overbought stock market, some traders say. Since late March, total ETF holdings have grown 14%, while long positions...Read More
It’s no secret that investors are doubling down on gold. In a time when the markets are still volatile, with the first of possibly many market crashes behind us, investors are turning to gold to keep their cash safe. Analysts are on board with the decision, as some believe the price of gold could double by 2030.But while many are recommending that investors take the safest option of investin...Read More
The market rally off the March lows took many stocks back to previous levels. Some beaten-up sectors, however, still have room to run, and savvy investors are hoping to benefit.Let’s take a look at two cheap stocks that could see significant upside moves in the next 18 months.Teck ResourcesYou need to have a strong stomach to own Teck Resources (TSX:TECK.B)(NYSE:TECK) stock. A quick look at...Read More
Shell and IBM launch Oren digital platform for mining companies. Shell and IBM have launched a new, global B2B Digital mining services marketplace platform aimed at helping mining companies find solutions related to safety, sustainability, mine planning and operational efficiency.By hosting new technology and digital solutions in one place, Oren aims to accelerate the digitization of the minin...Read More