Global demand and supply for the commodities these two mining stocks produce improved considerably recently. The outlook for 2021 is positive.Iron ore prices are up, driven by high Chinese demand and lower outputs in Brazil.Mining stocks had a nice run over the last weeks of 2020. Since the beginning of November, the S&P/TSX Global Base Metals Index rose by nearly 30 per cent by year-end, thanks t...Read More
The price of tin on the London Metal Exchange rose to a new 2021 high on Thursday January 28, while the rest of the base-metals complex showed mixed results at the 5pm close.Zinc, notably, was holding its ground after a 2.7% decline on Wednesday, but the prices of nickel and aluminium drifted lower.Tin's continued rise on Thursday led it to a new year-to-date high of $23,075 per tonne during the d...Read More
The winners of Fastmarkets' Apex 2020 price forecast contest set out their projections for factors that will most influence base metals, precious metals and steel raw material prices in 2021, with Covid-19 vaccinations a constant. Base metals ED&F Man's Edward Meir, who took the top price for base metals predictions in 2020, sees firm base metals prices in 2021. "The reason we're not super bullish...Read More
Bob Moriarty ArchivesJan 28, 2021Potosi in Bolivia is sometimes referred to as the GOAT of silver mining. That is, the Greatest Of All Time for silver. Discovered in 1545, Cerro Rico produced just over 2 billion ounces of silver at a cost of 8 million lives of slaves. If you held two and a half 100 ounce silver bars that came from Potosi, that would have cost the life of one slave, either Indian o...Read More
Anglo reported Q4 copper production of 167,800 tonnes, up 6% year-on-year and up 1% quarter-on-quarter, a rise the company attributed to its Los Bronces mine securing access to industrial water forRead More
Vancouver, BC - Ovation Science Inc. (CSE: OVAT and OTC: OVATF) ("Ovation" or the "Company"), is pleased to announce it has entered into a non-exclusive distribution agreement for its DermSafe (R) hand sanitizer with CDMV, Canada's leading distributor of products to veterinary clinics across Canada. CDMV, established in 1972, is the largest provider of products and services to veterinary clinics...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Wednesday January 27.Fastmarkets' Alumina index adjustment to fob Australia index, Brazil differential compared to Australian units was at a narrow discount of $0.23 per tonne on Thursday January 28 - the narrowest discount since it was trading at a premium of $2.61 per tonne in September 2020.Key driversA de...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 28 that are worth another look.Rio Tinto has created a new executive team and organizational structure to strengthen its environmental, social and corporate governance (ESG) credentials and rebuild trust, "particularly in Australia", following the destruction...Read More
Cobalt sulfate prices in China hit a 26-month high on Wednesday January 27 against a backdrop of tight spot availability and strength in the upstream cobalt hydroxide market. Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China rose to 70,000-74,000 yuan per tonne ($10,812-11,430) on Wednesday, up by 2,000-4,000 yuan per tonne (4.3%) from 68,000-70,000 yuan per tonne on Janua...Read More
Here are five Fastmarkets stories you might have missed on Thursday January 28 that are worth another look.Rio Tinto has created a new executive team and organizational structure to strengthen its environmental, social and corporate governance (ESG) credentials and rebuild trust, "particularly in Australia", following the destruction...Read More
Italian stainless steel producer Acciai Speciali Terni (AST) is attempting to unilaterally and retroactively apply price increases to already-concluded supply contracts agreed with distribution companies, market sources told Fastmarkets on Thursday January 28. A distributor in Denmark that buys from AST, among other stainless steel producers, said AST had made it aware of its intention to apply a...Read More
Turkish steel producers continued to book deep-sea scrap cargoes at steady prices on Thursday January 27, after reviving their interest in imports on Wednesday following a sharp downturn in scrap values, sources told Fastmarkets.A steel mill in the Iskenderun region booked a cargo from the United States, comprising HMS 1&2 (80:20) at $416 per tonne, shredded at $421 per tonne and bonus scrap at $4...Read More
The winners of Fastmarkets' Apex 2020 price forecast contest set out their projections for factors that will most influence base metals, precious metals and steel raw material prices in 2021, with Covid-19 vaccinations a constant. Base metals ED&F Man's Edward Meir, who took the top price for base metals predictions in 2020, sees firm base metals prices in 2021. "The reason we're not super bullish...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker this morning, Thursday January 28, after market sentiment across the board has turned more cautious. Asian-Pacific equities and major western pre-market equity index futures were weaker this morningUS Dollar Index firmed on Wednesday while equities sold-offBase metals There were more fallers...Read More
Share this articleBULYANHULU GOLD MINE - The North Mara and Bulyanhulu gold mines both produced near the top end of their production guidance in 2020, their first full year under Barrick's management. Including Buzwagi, the Tanzanian assets delivered a combined output of 462,472 ounces for the year.The mines have been successfully revived, with North Mara delivering significant improvements and un...Read More
A summary of Australian lithium miner Orocobre's results for the fourth quarter of 2020, released on Wednesday January 27.In brief The company's output increased by 58% quarter on quarter, the third highest output the Argentina-based Olaroz facility has achieved since operations began due to high daily production rates and further decreases in costs. Olaroz operations were temporarily halted for t...Read More
Cobalt sulfate prices in China hit a 26-month high on Wednesday January 27 against a backdrop of tight spot availability and strength in the upstream cobalt hydroxide market. Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China rose to 70,000-74,000 yuan per tonne ($10,812-11,430) on Wednesday, up by 2,000-4,000 yuan per tonne (4.3%) from 68,000-70,000 yuan per tonne on Janua...Read More
Right now, financial and social media are focused on the drama playing out on Wall Street. There's a war going on between online "social justice warrior" day traders and professional hedge fund managers over GameStop stock.Before this year, GameStop was best known for being a retailer next to Auntie Anne's in dying malls. It has a simple business model: Buy and sell video games.However, with the...Read More
European steelmakers have pushed up their domestic prices for hot-rolled coil, but buyers were holding back from making new deals, sources told Fastmarkets on Thursday January 28.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?711.00 ($862.20) per tonne on Thursday, up by ?,?2.25 per tonne from ?,?708.75 per tonne on January 27.This was a rebound...Read More
Domestic prices for hot-dipped galvanizing coil (HDG) started to decrease over the week to Wednesday January 27 despite the continuous short supply of material, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe was ?,?820-840 ($994-1,019) per tonne on January 27, down by ?,?10 per tonne week on week from ?,?830-850 per tonne.Fastmarkets' cor...Read More