Miners China Moly and IX Metal have joined Glencore and Huayou's Fair Cobalt Alliance (FCA), a body whose aim is to professionalize the artisanal mining sector in the global heartland of cobalt production - the Democratic Republic of Congo (DRC)."[Because we are] a large industrial miner that maintains strict product control and custody procedures, artisanal and small-scale mining [ASM] sits outsi...Read More

A summary of China's battery raw materials exports for May 2021.In brief Exports of cobalt tetroxide fell in May amid falling downstream demand for batteries used in consumer electronics outside of China as a result of a lack of semi-conductor chips and a resurgence...Read More

Here are five Fastmarkets stories you might have missed on Tuesday June 22 that are worth another look.Domestic prices for hot-rolled coil in Europe remained in a wide range on June 22, with some buyers ready to accept high prices for material with shorter lead times,...Read More

Share this article VANCOUVER - Western Copper & Gold Corp.'s [WRN-TSX, NYSE American] on Tuesday June 22 released the results of a preliminary economic assessment (PEA) for its 100%-owned Casino copper-gold-molybdenum deposit in the Yukon.The study considers the project being constructed as an open pit mine, with a concentrator processing 120,000 tonnes per day and a gold heap leach facility nomi...Read More

Brazilian domestic flat steel prices have reached a ceiling this month, with no additional room for price increases, according to Carlos Loureiro, president of national flat steel distributors' association, Inda.The price level reached a maximum after increases of around 10% were applied in early June, and distributors are already having problems passing on the adjustment to their clients.Fastmark...Read More

We spoke with Frank Basa, who is Chairman and CEO of Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF). Their flagship Castle Mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific, past producing, Gowganda high-grade Silver District of Northern Ontario. We learned from Mr. Basa, that their present resource is a litt...Read More

Domestic prices for hot-rolled coil in Europe remained in a wide range on Tuesday June 22, with some buyers ready to accept high prices for material with shorter lead times, sources told Fastmarkets.Northern European steelmakers have been reported to have good order books, and they have been holding back from making official offers. The region's mills were sold out of HRC until fourth-quarter roll...Read More

Justin Cochrane, President, CEO & Director of Nickel 28 Capital Corp. (TSXv NKL) updates us on Nickle 28's outstanding first quarter. Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint-venture interest in the producing, long-life and world-class Ramu Nickel-Cobalt Operation, located in Papua New Guinea. Ramu provides Nickel 28 with significant attributable nickel and cobal...Read More

After every recession comes a boom - and if you hadn't realized, the COVID recession of 2020 was the worst since the Great Depression. By October 2020, more than 10 million people were out of work. Gross domestic product (GDP) - the total sum of all goods and services - during April, May, and June of last year decreased by 31.4%. That's a staggering fall.Congratulations, though. You made it throug...Read More

Offers of steel rebar and wire rod from the Commonwealth of Independent States were lowered somewhat over the week ended Monday June 22, with the intention of drawing in customers amid a lack of demand and growing competition with Turkish suppliers.Turkish mills were offering rebar for export at $730 and $760 per tonne fob on an actual weight basis at the end of last week, compared with $750-780 p...Read More

The steel rebar and billet market in the United Arab Emirates was slow because buyers are waiting for new local rebar prices to be announced, sources told Fastmarkets on Tuesday June 22.Local rebar producers should announce their new prices soon, sources said.Some market participants expect prices to roll over, while other expect discounts due to weak global prices.Fastmarkets' weekly price assess...Read More

China's domestic rebar prices tumbled further on Tuesday June 22 on weakening demand caused by falling futures.DomesticEastern China (Shanghai): 4,800-4,840 yuan ($743-749) per tonne, down by 80 yuan per tonne The October rebar futures contract traded below Monday's settlement price of 4,991 yuan per tonne throughout Tuesday, which kept the spot market bearish.Buyers booked limited quantities and...Read More

Mexico's ferrous scrap prices increased further in the week to Friday June 18, with buyers continuing to compete for material, especially the higher grades.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 11,600 pesos ($578) per tonne on June 22, up by 400 pesos from 11,200 pesos a week earlier. This marked the fourth consecutive...Read More

The Turkish steel mills have been staying away from deep-sea scrap purchases because of weak rebar sales and a sufficiency of scrap stocks, market participants told Fastmarkets on Tuesday June 22.The most recent deals were heard on June 15, when two United States-origin cargoes were sold.A mill in the Marmara region bought those cargoes, which comprised HMS 1&2 (80:20) at $500 and $501 per tonne,...Read More

Iron ore prices rose on Tuesday June 22, and there was market chatter about the potential resumption of blast furnace operations and the easing of emissions restrictions in Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $214.32 per tonne, up $6.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $216.00 per tonne, up $6 per tonne58% Fe fines high-grade pr...Read More

Dr Geert Vanden Bossche has two things; a very long career in industry vaccine development and a theory that these vaccines - as configured and rolled-out - represent a gigantic mistake. One that will cause immense harm in the future. Is he right? Is he wrong? We don't know, but his ideas deserve to be heartily debated and discussed, not censored and shut down. Why? Because the science isn't settl...Read More

Link to Jeff's article: https://goldsilver.com/blog/goldsp-50... Join Mike Maloney and Jeff Clark as they dive deep into the relative valuations of gold and stocks, along with a Tweet of the Day, Chart of the Day, some Viewer Feedback...and a fantastic meme of the Day. Enjoy.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking that...Read More

I have been getting a lot of inquiries about offering premium content and as a result I am looking to start up some type of service in the near future whether it be a site with a paywall, interactive and educational courses, or personal coaching. As such, I would really like to hear more feedback in regards to what types of subscription service(s) that people are interested in so I can better dete...Read More

Markets begin to comprehend the Fed's powerless against inflation.Oil prices may put the nail in the coffin of transitory inflation.Crypto traders unload their Bitcoin on Microstrategy. Microstrategy's diamond hands are made of glass.Barry Silbert hesitates on buying GBTC shares.Tesla's Bitcoin gamble enters into the red.Government creating moral hazards in rental housing markets.Why pay your rent...Read More

Mike "Mish" Shedlock is a registered investment advisor and representative for Sitka Pacific Capital Management. His articles about the the economy and investing online can be found at Mish Talk. Read More