Key data from Fastmarkets' pricing session in Europe on Wednesday November 18.Key drivers The ferro-titanium spot price in Europe increased, marking 13 weeks of persistent increases in line with scrap tightness and renewed demand from consumers in the steel sector.Suppliers reported deals done, or heard, for more than 500 tonnes of standard-grade ferro-titanium for prompt shipment, with a couple o...Read More
The cobalt alloy 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...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...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 p...Read More
Key data from Fastmarkets' pricing session in China on Wednesday November 18. Key drivers Several major suppliers held back from offering, thus tightening the supply of spot material.Consumers with solid demand but limited raw material stocks had to accept much higher prices to meet their prompt production needs. Key quotes"We have received a large number of inquiries...Read More
The South African chrome ore market dipped in the week ended Tuesday November 17 in response to the availability of ample material in China.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, was $134 per tonne on Tuesday, down by $2 per tonne (1.5%) from $136 per tonne a week earlier."The decrease in ferro-chrome tender pricing, coupled with a wave of new offers fro...Read More
The head of the Brazilian state of Minas Gerais, where Vale's (NYSE: VALE) Brumadinho dam collapsed in January 2019 leaving 270 people dead, has rejected the miner's proposed settlement of around 21 billion reais (US$3.97 billion).Minas Gerais' Secretary General Mateus Simoes told local paper Isto e Dinhero the state opposed both the amount and some of the terms offered by Vale.According to Simoes...Read More
Silver and gold producer Hecla Mining (NYSE: HL) has participated in Dolly Varden Silver's (TSXV: DV; US-OTC: DOLLF) $7-million flow-through private placement to maintain a 10.7% interest in the silver-focused junior.As part of the financing, Hecla acquired a total of 807,846 shares of Dolly Varden, at 89 ? per unit, for gross proceeds of $718,983. This subscription was part of an ancillary rights...Read More
Silver miner Endeavour Silver (TSX: EDR; NYSE: EXK) has expanded the size of its Terronera development project in Jalisco State, Mexico. The property now covers 201.3 sq. km, with the addition of the adjacent La Sanguijuela and Cerro Gordo groups of concessions."These two acquisitions not only expand our property footprint at Terronera, they add multiple new mineralized vein structures with strong...Read More
Kutcho Copper (TSXV: KC; US-OTC: KCCFF) has started work on a feasibility study on its namesake high-grade copper-zinc development project in northwestern British Columbia. The company has hired CSA Global Consultants to lead the study preparation.Kutcho president and chief executive Vince Sorace highlighted the rising copper price, and noted how the developer is well-positioned to take advantage...Read More
Denison Mines (TSX: DML; NYSE: DNN) announced on Tuesday the successful completion of an independent preliminary economic assessment (PEA) for the Waterbury Lake Property in Saskatchewan, with an indicative timeline of pre-production activities beginning in 2025 and first production estimated in 2028.The PEA evaluated the potential use of in-situ recovery ("ISR") mining at the Tthe Heldeth T???(C...Read More
BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in Austria and England as part of a broader shift toward low-emission cars.Read full newsRead More
This year's dawning winter rally has great upside potential after the gold and gold stock corrections run their courses.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
In the last months of 2020, gold remains stuck to a narrow range as optimism over coronavirus vaccines by Pfizer and Moderna is restoring investor and economist sentiment that further spread of the virus will be contained. This, in turn, has contributed to a more positive outlook regarding the global economy as it continues its recovery from the months of lockdown. As gold prices continue hoverin...Read More
Warren Buffett shocked the investing world in the late summer when it was revealed that his company Berkshire Hathaway had acquired a $500 million stake in Barrick Gold (TSX:ABX)(NYSE:GOLD). Historically, Buffett has not been a strong advocate for the yellow metal. On the contrary, he has consistently recommended that investors seek exposure to mainline blue chips over gold and silver. In 2020, th...Read More
Uncertainty in the markets can cause investors to make snap decisions. The U.S. election saw the markets flipflop as the democrat landslide failed to materialize. While Joe Biden has since emerged as as the president-elect, the politics of our southerly neighbours remain starkly divided. The pandemic has also thrown mixed messages into the news cycle, with rising cases pitched against vaccine hope...Read More
On Monday, Pfizer and European drug company BioNTech said early data suggests the vaccine could be more than 90% effective.It was big news to kick off the week and it led to an immediate 15% surge in the company's share price."I think we can see light at the end of the tunnel," said Pfizer Chairman and CEO Dr. Albert Bourla. "I believe this is likely the most significant medical advance in the l...Read More
Nov 19, 2020 Guest(s): Joe Schwarcz Director, Office for Science and Society, McGill University Both the vaccines from Pfizer and Moderna are categorized as messenger RNA vaccines, and the technology behind this is relatively new, said Dr. Joe Schwarcz, director of the Office for Science and Society at McGill University.Schwarcz outlines the process by which Pfizer and Moderna conducted their va...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 19 that are worth another look.Commodity traders have long forecast that there would be consolidation in their own industry, and in some of the world's biggest centers for metals business that has already...Read More