The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt sulfate...Read More
Anaconda Mining (TSX: ANX; US-OTC: ANXGF) has released a preliminary economic assessment (PEA) for its 100%-owned Goldboro gold project in Nova Scotia, approximately 175 km northeast of Halifax.The study envisions a 17.6-year open-pit and underground mining operation producing 1.95 million oz. of gold over its lifetime, with average production of 89,500 oz. per year over the first seven years fro...Read More
Great Bear Resources (TSXV: GBR) continues to make golden strides in its exploration drilling program at one of Canada's most extensive new gold discoveries in recent years.President and CEO Chris Taylor tells The Northern Miner the company is nearing the finish line on its marathon drilling campaign. The company has set itself to complete more than 175,000 metres of drilling this year using a ful...Read More
Nickel's primary purpose is for the production of stainless steel, but the metal also plays a key role in the global transition to clean energy and in EV battery production.Tesla CEO Elon Musk put nickel in news headlines last year when he called on the world's miners to produce more, and a recent report by Roskill found nickel demand from the EV sector alone is expected to grow by 2.6 million...Read More
The surge in zinc prices in 2020 and 2021 is expected to gradually unwind following a period of peak pricing forecast for the September quarter, a new assessment by Fitch Country Risk and Industry Research shows.https://www.fitchsolutions.com/products/country-risk-and-industry-researchThe global production surplus that emerged in 2020 should persist into the medium term, and the resulting increase...Read More
Kenorland Minerals' (TSXV: KLD) Frotet project in the Frotet-Evans greenstone belt of Quebec, 100 km north of Chibougamau, is shaping up to be a potentially significant gold system, says Zach Flood, Kenorland's president and CEO.The junior gold explorer recently completed a 30-hole (8,591 metres) winter drill program at the Regnault gold discovery on Frotet, with 14 of the 15 assay results report...Read More
As a fourth-generation explosives expert, Anthony Konya has mine blasting is in his blood. "My great-great grandfather was a well blaster in Hungary," Konya says. "They used to lower him down into a well in a bucket. He'd plant the dynamite, light the safety fuse and hope someone would pull him up before it went off." But technology has since improved those methods significantly, he noted.As...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday June 23.Key drivers Quiet trading activity kept the ferro-titanium price steady for the fourth consecutive week, although there were some small spot sales reported around the top end of the latest assessed price range.Steelmakers seem preoccupied with other ferro-alloys such as ferro-molybdenum and ferro-chrome, although most steel...Read More
The rebar price in Southern Europe held steady at multi-year high levels on Wednesday June 23 due to supply shortages and surging scrap feedstock costs, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was at ?,?760-785 ($905-935) per tonne on Wednesday, the same as last week. The price, however, has been ris...Read More
China is moving a step closer toward a national plan for the trading of carbon emission permits with the release of guidelines by the Shanghai Environment & Energy Exchange (SEEE) on Tuesday June 22.This follows decade-long pilot projects in several provinces and cities including Shanghai.The SEEE, China's first trading platform for environmental and energy sectors, will be the sole marketplace fo...Read More
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The company's Baptiste nickel deposit in British Columbia has an estimated 35-year mine life with significant expansion potentialRead full newsRead More
Here are three Canadian gold stocks that Bay Street analysts expect to rise by nearly 70% return within a year. The post Analysts Expect These 3 TSX Gold Mining Stocks to Jump 70% in a Year appeared first on The Motley Fool Canada.Read full newsRead More
By Sabela Ojea Nord Gold PLC said Tuesday that it has decided to postpone its initial public offering on the London Stock Exchange. The Russian gold-mining...Read full newsRead More
Congolese authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year.Read full newsRead More
Investing in gold has proven to be a prudent strategy in recent years. During the pandemic, gold stocks continued to outperform last year. However, of late, these stocks have not performed as well as many would have expected last summer.That said, precious metals and the gold miners supporting this sector have once again taken off. It appears sentiment is shifting again toward inflation hedges. An...Read More
Canadian stocks continue to make new record highs in June as the economic reopening and rising economic activities boost investors’ confidence. According to the latest Export Development Canada data released on June 24, Canadian exporters’ confidence is currently at its highest level in more than 20 years. This positive development came nearly a year after the exporters’ confiden...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) is a top Canadian gold stock on the TSX Index. The share price is well off the 2020 high, and investors with a bullish view on the price of gold wonder if Barrick Gold stock is undervalued and a good buy right now.Barrick Gold turnaroundBarrick Gold is firmly on the path of returning to its roots when the company was nimble and focused on free cash flow rather tha...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 24 that are worth another look.The Brazilian capital goods association, Abimaq, will meet with China-based Baosteel and local trading house Comexport to pave the way for its members to import more steel amid rising prices and tight supply in the domestic market, the association said...Read More
Much greater investment is needed to expand supply chains to secure critical minerals and expand manufacturing in key materials needed for the energy transition, according to the Acting Undersecretary for Science and Energy at the United States Department of Energy.These investments must ensure sustainable production, refining, and recycling capacity domestically, while ensuring strong environment...Read More