China's domestic rebar prices moved up on Monday June 1 following early gains in the futures market that emerged in response to positive data on downstream demand.Domestic Eastern China (Shanghai): 3,570-3,600 yuan ($500-504) per tonne, up by 40 yuan per tonneChina's steel purchasing managers' index for May was 50.9 points, which is 5 points higher than that for April, the China Federation of Logi...Read More
China's hot-rolled coil prices surged on futures gains on Monday June 1, prompting importers to bid above $430 per tonne for Indian material, but sources warned of high risks following the significant increase.DomesticEastern China (Shanghai): 3,650-3,660 yuan ($511-513) per tonne, up 60-70 yuan per tonneNorthern China (Tangshan): 3,630 yuan per tonne, up 60 yuan per tonneTrading was active nation...Read More
Key data from Fastmarkets' pricing session in Europe in the week to Friday May 29.Key drivers Antimony prices edged downward for a third consecutive session on sluggish demand and limited trading in Rotterdam. The metal was also affected by depreciation of the Chinese yuan, which briefly hit...Read More
Outright spot cobalt hydroxide prices picked up in May with buyers seeking nearby units to fill gaps created by delayed shipments out of South Africa, and paying a premium to do so.Fastmarkets' cobalt hydroxide index, min 30% Co, cif China was calculated at $10.32 per lb on Friday May 29, up by 3.41% from the calculation at the end of April.The monthly index takes account of the month's spot cobal...Read More
The offshore yuan is near record lows against the dollar while diplomatic tensions between the United States and China rise, which could lower the price of Chinese-produced metals and minerals.In offshore markets, which are less tightly controlled than markets in mainland China, the yuan briefly hit a record low of 7.20 to the dollar on Thursday May 28. The following day it was trading slightly ab...Read More
Key data from Friday May 29 pricing session in Shanghai.Key drivers Market strengthens amid persistent tight spot supply; limited number of plants in China are producing tellurium and supply of foreign brands remains...Read More
Prices in the European high-carbon and low-carbon ferro-markets increased in in the week ended Friday May 29.In high-carbon trading, industry sources reported deals agreed for more than 1,000 tonnes of alloy that raised the upper end of the price assessment. And deals for about 350 tonnes of more refined-grade material were reported, which had the same effect on the price range in that market.In a...Read More
YTD the 5 biggest stocks are up 15% while the remaining 495 S&P500 companies are lower by a collective 8%, with the overall S&P400 index is down 5% YTD,Read full newsRead More
Steve Kerr saw the positives in the Warriors' organization long before he was hired as the team's head coach.Read full newsRead More
Small-scale gold mining in the Peruvian Amazon poses a health hazard not only to the miners and communities near where mercury is used to extract gold from ore, but also to downstream communities hundreds of kilometers away where people eat mercury-contaminated river fish as part of their diet.Read full newsRead More
It's the state's secondnd large utility to?EUR...consider pursuing sources.Read full newsRead More
Getchell Gold Corp. is pleased to announce it has closed the non-Read full newsRead More
FenixOro Gold Corp is pleased to announce the formal commencementRead full newsRead More
Rokmaster Resources Corp. announces that due to the COVID-19 pandRead full newsRead More
Chevrier core shack Credit: Genesis Genesis Metals has released assay results for four holes completed at its 290-sq.-km Chevrier gold project near Chibougamau, Quebec.The drill highlights include 19.7 metres of 1.36 g/t gold starting at 74.6 metres, 7.4 metres of 1.79 g/t gold starting at 223 metres as well as 3 metres of 3.99 g/t gold. The first two intercepts include higher-grade intervals: 1...Read More
A worker in the core shack at the Troilus gold project Credit: Troilus Troilus Gold has announced an upsized bought deal of C$22 million (up from C$15 million originally) as equity raises in the mining space continue.The company entered into an agreement where Cormark Securities, Laurentian Bank Securities and Stifel GMP are co-lead underwriters for a syndicate purchasing 21 million units of the...Read More
ERIKS stocks a variety of heavyweight conveyor belt products (Credit: Eriks) Eriks North America and Fenner Dunlop have announced a partnership to provide conveyor belting products and services to industrial customers in northern California and Nevada.Scott Holquist, VP of conveying systems products with Eriks North America, said that the two companies offer a unique combination of expertise,...Read More
That's not cobalt blue. Image from Great Wall Motors. High energy density, longer-range NCM (nickel-cobalt-manganese) cathodes, together with Tesla's NCA (nickel-cobalt-aluminum) technology account for over 90% of batteries in passenger EVs. Automakers continue to thrift the use of cobalt - by far the priciest raw material - in cathodes. While NCM111 (equal parts nickel, cobalt, magnesium) are f...Read More
La Colorada silver mine in Mexico. Image from Pan American Silver. Pan American Silver (TSX: PAAS) has announced that operations have resumed at its Dolores and La Colorada mines in Mexico, following the restart of its Shahuindo, La Arena, San Vicente and Manantial Espejo operations, initiated in May.The mines are initially operating at reduced capacities to accommodate new protocols in r...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 2 that are worth another look.The Canadian International Trade Tribunal (CITT) has initiated an inquiry as to whether imports of heavy steel plate from four nations and the island of Taiwan cause injury to domestic producers.Konkola Copper Mines (KCM) has signed a provisional power supply agreement with Zambian state-owned uti...Read More