China's domestic rebar prices fell to an eight-month low on Wednesday November 10, with the decline coming amid persistently weak demand.Domestic Eastern China (Shanghai): 4,640-4,670 yuan ($726-730) per tonne, down by 260-270 yuan per tonnePrices are now at their lowest since March 12, when they were at 4,700-4,730 yuan per tonne.The major reason for the sharp decline was bearish sentiment caused...Read More
It might come to pass that silver is simply not available no matter the prices offered. Junk bullion will go crazy in price and stackers will see their...by AGXIIKRickards commented that US debt to GDP is 140%. Any additional public debt funding does nothing to stimulate the economy. It creates fierce head winds that slow economic growth, forcing us to slog through oceans of sanitized dollars rat...Read More
Gold is as bull as bull can be, and silver is looking good. Patience pays. Bullish...by Korbinian Koller via Midas Touch ConsultingSilver, patience paysThere is much talk about why silver hasn't performed this year. What is overlooked is that the time increment of a year is random. Looking over the last twenty months, silver had a stunning performance. It more than doubled in price to where it is...Read More
Europe's domestic prices for heavy plate moved down slightly in the week to Wednesday November 10 following a large rise a week earlier, sources told Fastmarkets.Sentiment in the market, however, remains bullish due to high energy, transport and slab costs. Last week, domestic plate prices jumped by ?,?70-100 ($81-116) per tonne, reflecting offers and some transactions heard in the market. This we...Read More
An overview of the consumer electronics markets and their latest price moves on Wednesday November 10.Ruby Liu in...Read More
The company declared a total combined indicated resource of 43.56 million tonnes grading 1.91 grams per tonne for 2.67 million ounces and a total inferred resource of 31.78Mt grading 1.Read More
Stainless scrap prices in the United States continued to inch up despite slightly reduced scrap requirements from the consuming mills given the year-end holiday season and maintenance shutdowns.Demand remains solid, however, and stainless scrap prices have continued to move higher. Sources credited solid nickel values on the London Metal Exchange, an uptrend in the ferrous scrap market for Novembe...Read More
Focusing on the United Nation's 17 Sustainable Development Goals could be a "better framework" to capture the overlap between the environmental, societal and governmental aspects that mining companies have to consider in their moves toward sustainability, the chief executive officer of International Council of Mining and Metals Rohitesh Dhawan said on November 10. Speaking at the UN's COP26 meetin...Read More
The company reported results from 39 infill and step-out holes, all of which contain multiple skarn and breccia intercepts, with highlights including 77m grading 119 grams per tonneRead More
Base metal prices on the London Metal Exchange were mixed, although largely unchanged by the 5pm close on Wednesday November 10."After such a massive bout of risk reduction, prices were always likely to enter a choppy phase," Alastair Munro, LME desk analyst at Marex said."Enough uncertainty remains to make any view tough to hold. Largely speaking, we still see a largely positive micro picture, al...Read More
The waiting time to deliver aluminium out of Istim's London Metal Exchange-registered warehouses in Port Klang, Malaysia, has risen to 137 days, according to the LME's latest queue report.The queue was 98 days at the end of September. In total, 49,775 tonnes were delivered out of Istim warehouses in Port Klang in October. There are now just 492,780 tonnes left at Istim warehouses in the regio...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe company is in the latter stages of a 15-hole program it began in August.Read More
Nickel premiums rose in Europe and the United States in the week ended November 10 due to tight supply conditions pushing premiums and spot activity higher; China retreated slightly amid an increased arbitrage loss.US nickel premiums continue to rise to historic highsPremiums in Europe rise to highest level in 2021Chinese premiums retreat slightly with arbitrage loss between London and ShanghaiEur...Read More
The nickel briquette premium in the United States gained 40.9% during the week to Tuesday November 9 on some forced spot buying, surpassing the cut cathode premium for the first time ever.Fastmarkets introduced assessments based on the shape of the nickel in March 2018. Square cut cathode commanded three times the premium for curved briquette at the start of this year.But throughout this year, sup...Read More
Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsSpot gold was worth about US$1,850 an ounce at the time of writing, having risen above $1,865/oz earlier.US consumer pri...Read More
A summary of London Metal Exchange warrant premiums for the week to Wednesday November 10.Please click...Read More
Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAsian stocks are set for a mixed start after US shares ended what was their longest winning streak since 2017, according...Read More
RAPAPORT... Mountain Province saw a jump in sales and a return to profit as the rough market rebounded from last year's pandemic-induced slump.Revenue leaped 99% year on year to CAD 94.2 million ($75.8 million) in the third quarter ending September 30, the miner reported Tuesday. Net profit came to CAD 8.8 million ($7 million), compared with a loss of CAD 6.5 million ($5.3 million) a year ear...Read More
RAPAPORT... Watches of Switzerland has acquired six new locations in the US, as well as the Betteridge brand name, as it pushes ahead with its stateside growth plans.The company, which revealed a five-year blueprint for global expansion in June, is intent on becoming the "clear leader in the US market," it said Tuesday. To that end, it has bought the Ben Bridge Jeweler retail store at the Mall of...Read More
Domestic steel reinforcing bar prices in the United States were flat week on week at a 13-year high, with many market participants expecting the number to increase again before long.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US was $50.25 per hundredweight ($1,005 per short ton) on Wednesday November 10, sideways from the previous week at its highest point since the...Read More