The company began shipping silver and gold concentrate in October and is ramping-up towards initial annual production of 1.8 million ounces a year of silver equivalent.Read More
Local and export prices for hot-dipped galvanized coil decreased in Turkey in the week to Friday, November 12, with buyers holding back in anticipation of further price falls, sources told Fastmarkets.Demand for color-coated coil in the domestic market, meanwhile, improved because of low stock levels at end users, the sources added.Domestic pricesFastmarkets' weekly price assessment for steel HDG...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company sees nickel, copper and potash as future-facing commodities.Read More
Nornickel has said no ship was late bringing nickel to the United States last week, refuting reports in the market that such a delay was the reason for US nickel premiums reaching new heights earlier this week.Some sources had said that a vessel delay had triggered short covering by customers who bought nickel briquette in a 41% higher range in the week to Tuesday, November 9. "All deliveries have...Read More
The company has entered into an underwriting agreement with a syndicate of underwriters led by Scotiabank, as lead underwriter and sole-bookrunner, for the sale of 148.1 million units priced at 77 cents each. Each unit will consist of one share and half a warrant exercisable at a price of $1 for 18 months.The company's largest shareholder, Pala Investments committed to purchase 89.3 million units...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie’s latest report shows that compared to other base metals, China’s copper market appears to be better cushioned from the country’s power crunch.Since mid-2021, the Chinese government has been rationing...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsPretium Resources, subject to a takeover by Newcrest Mining, reported a net profit of US$22 million on revenue...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 12.Zihao Li, Yingchi Yang and...Read More
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningThe UK-based parent will own 37% of the new Panther, which intends to sniff out nickel, cobalt and gold across areas of...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The steady climb in copper prices since mid-2020 – and the more recent launch into the stratosphere – puts me in mind of Senator Gracchus in the film Gladiator. Specifically, his observation that fear and wonderment is a p...Read More
Base metal prices on the London Metal Exchange mostly closed higher on Friday November 12, with aluminium and nickel emerging as the week's strongest performers.Three-month aluminium reached an intraday high of $2,714 per tonne on Friday, its highest since November 4.The light metal closed slightly lower at $2,700 per tonne, marking a 3.6% gain since the start of the week, when it was at $2,605 pe...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.We enter 2021 with many mined commodity prices riding high after recovering from a dramatic pandemic-induced slump in H1 2020. But far from marking a new atmosphere of positivity, the new year brings new questions. How will Chinese po...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activity. Governments around the world closed their economies as the only tool available to li...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The U.S has increased tariffs on $200bn of Chinese goods to 25%, from 10%, impacting a number of metals. Commentary below comes from the Wood Mackenzie metals team:Copper By Wood Mackenzie Senior Consultant, Yanting Zhou"Previous...Read More
Spot copper concentrate processing charges dropped slightly during the week ended Friday November 12, with the market focused on 2022 contract negotiations. Spot activity was minimal, with treatment charges for smelter purchases and trader purchases in the low-$60-per-tonne and low-$50-per-tonne range respectively. As a result, Fastmarkets' calculation of the copper concentrate TC index, cif...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Why wouldn’t everyone invest in solar? Well, for that reason exactly: it’s an investment. Although it’s praised for its low maintenance costs and long-term savings, it is still a hefty investment in terms of individu...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The most important driver of the zinc market in 2020 will be the performance of the world’s zinc smelting industry, according to Wood Mackenzie.The easing of trade tensions between the US and China, the struggling manufacturing...Read More
Fastmarkets' assessment of the zinc treatment charge (TC) was stable for a third time in a row on November 12, with a negative arbitrage and sufficient domestic production for winter stockpiles keeping Chinese smelters at bay.The zinc spot concentrate TC, cif China was assessed at $75-88 per tonne on Friday, unchanged since September 24. With only a few deals reported this week, smelter purch...Read More
London-listed Kazatomprom said on November 12 it has signed term contracts with China National Uranium Company Limited and State Nuclear Uranium Resources Development Company.Read More