Domestic rebar prices in China fell on Thursday November 4, but the rate of decline was slower than that a day earlier after the market was supported by tighter supply from steel mills and on the spot market.East China (Shanghai): 4,900-4,930 yuan ($765-770) per tonne, down by 50 yuan per tonneOver the week to Thursday, rebar output totaled 2.88 million tonnes, a decrease of 21,600 tonnes from the...Read More
Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 5, but for the most part they were on a back foot and looking vulnerable. At the same time, base metals prices on the Shanghai Futures Exchange were mainly weaker while they tracked the weakness on the LME on Thursday, and because weaker coal prices in China are less likely to cause metal producers to cut...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide.....Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb 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 standard grade, in-whs Rotterdam, $/lb at 28.30-28.70 on Friday November 05, 2021....Read More
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...Read More
Fastmarkets has, in line with our annual methodology review process, concluded a consultation that opened on October 1 inviting feedback on its non-ferrous methodology.The consultation sought to ensure that our methodology continues to reflect the physical markets in base metals, minor metals, ores and alloys. This includes all elements of our pricing process, our price specifications and the publ...Read More
A summary of Spanish stainless steelmaker Acerinox's financial results for the third quarter of 2021, ending on September 30.In brief?EUR? Earnings before interest, taxes, depreciation and amortization (Ebitda) increased for the fifth consecutive quarter - its third-quarter results were the best since the second quarter of 2007, Acerinox said.?EUR? It attributed its strong performance in the third...Read More
Spot prices for imported ferrous scrap in Vietnam were lower week on week amid continued waves of Covid-19 in the country and a lull in demand for Vietnamese billet from China.Bulk heavy melting scrap 1&2 (80:20) from the United States was offered at $550-558 per tonne cfr Vietnam.Key market participants indicated that spot prices were at $545-550 per tonne cfr Vietnam this week.There was one sing...Read More
Wheaton Precious Metals (NYSE: WPM; TSX: WPM) has reported earnings per share and revenue for the three months ended September that missed the consensus mark, despite record revenue for the year to date.The Vancouver-based precious metals streaming pioneer reported US$269 million in revenue during the third quarter, down 12.5% from the same period a year ago and missing consensus estimates by US$3...Read More
While the world slowly returns to some form of post-Covid normality, the tantalum industry is transitioning to an entirely new normality, one where reliability, stability and transparency are replacing the traditional volatility, uncertainty and opacity, which is likely to stimulate long-term growth in demand.Electronic capacitors remain the largest single market for tantalum, despite having lost...Read More
Minera Alamos (TSXV: MAI) has poured its first gold at its 100%-owned Santana mine in Sonora, Mexico, five months after beginning mining operations.The Vancouver-based company said the gold was recovered from early material stacked on the mine's heap leach pad in July and August.The miner said it intended primarily to commission the carbon recovery plant and associated solution pumping systems in...Read More
In mining, grade is king. Across the commodity spectrum, some of the most anticipated results - which can determine the scope of a mining project - are assay values from drill testing.As one of mining's most influential figures, Robert Friedland, sums it up:"Mining 101. High grade is good. Low grade is bad.""The higher the grade, the smaller the environmental footprint, Friedland has said. "...Read More
Guinea's junta has appointed Moussa Magassouba, the director general of AngloGold Ashanti's (NYSE: AU; JSE: ANG) local subsidiary as the country's mines and geology minister, two months after the elite army unit overthrew President Alpha Conde.Magassouba, a western educated mining engineer and fluent English speaker, has more than 20 years' worth of experience in the industry. He joined Anglo Gold...Read More
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(Kitco News) It's been a very busy data week for the markets. The Federal Reserve announced tapering of its asset purchases and the U.S. economy added more than 500,000 jobs in October.Gold is finally starting to react — surging $25 on Friday and rising well above the $1,800 an ounce level. Markets now seem to be pricing in a more patient Federal Reserve going forward.Here's a look at Kitco'...Read More
Subscribe to Kitco Roundtable on iTunes Precious metals look good due to the central banks finding themselves stuck "between a rock and hard place," said Gwen Preston, who runs the Resource Maven. On Friday Preston recorded Kitco Roundtable with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris. Preston was commenting on Bank of England, which decided not to raise rates o...Read More
SAN FRANCISCO, Nov 5 (Reuters) - Tesla Inc opened afactory to produce battery manufacturing equipment in theCanadian city of Markham, Ontario, the city said on Friday, asthe electric carmaker ramps up the production of cheaper,higher-range 4680 battery cells.In 2019, the U.S. electric carmaker acquired Canada-basedHibar, which manufactures pumps used in fast-speed batteryassembly that Tesla is int...Read More
WASHINGTON, Nov 6 (Reuters) - After a daylong standoff, Democrats set aside divisions between progressives and centrists to pass a $1 trillion package of highway, broadband and other infrastructure improvement, sending it on to President Joe Biden to sign into law.The 228-to-206 vote late on Friday is a substantial triumph for Biden's Democrats, who have bickered for months over the ambitious spen...Read More