The market for UG2 chrome ore in China fell in the week ended Tuesday December 1 after stainless steel mill Tsingshan lowered its ferro-chrome tender price for December delivery.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell for the fourth consecutive week to $131 per tonne on Tuesday, down by $2 per tonne (1.5%) from $133 per tonne the preceding week. The...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
With European scrap metal supply still falling short of pre-Covid-19 levels, the "high-volume, low-margins" model adopted by giant recyclers could be out-of-date, industry executives said."Due to Covid-19-led lockdowns, we were at 30% of the normal capacity back then, now we are probably back to three-quarters but actual supply of copper scrap is not actually as high as it was," said Susie Burrage...Read More
Liberty Steel Group's move to acquire the steel unit of German industrial conglomerate Thyssenkrupp has moved to the due diligence phase, the UK-based steel company told Fastmarkets on Wednesday, December 2. "Thyssenkrupp and Liberty Steel Group have agreed to enter a further process phase. Liberty Steel will shortly begin detailed due diligence and thus gain insight into key business data [o...Read More
BMO Capital Markets says that a surge in the price of Chinese rare earth metals in November is a reflection of the geopolitical tensions between that country and the developed world.Commenting on the sudden price gains in a research note, BMO's commodity analyst Colin Hamilton also said that as nations around the world consider self-sufficiency in rare earths and other critical minerals, while als...Read More
The domestic Northern Europe steel wire rod price soared over the week to Wednesday December 2, pushed up by long lead times and good buying appetite. Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe rose to ?,?540-550 ($648-660) per tonne on Wednesday, up by ?,?40-50 per tonne from ?,?500 per tonne a week earlier. The assessment is b...Read More
A new research note from battery supply chain specialist and price reporting agency, Benchmark Mineral Intelligence, has a warning for carmakers about the direction of battery prices used in electric vehicles - they won't fall indefinitely.Andrew Leyland, Head of Strategic Advisory at Benchmark, points out that lithium ion battery cell prices have fallen from US$290 per kiloWatt hour six years ago...Read More
Newmont (TSX: NGT; NYSE: NEM) is ramping up towards full operations at its Musselwhite mine in Ontario following successful commissioning of the mine's conveyor system and the material handling system. Commercial production has now been restored at the Musselwhite conveyor.Musselwhite is a fly-in, fly-out operation located approximately 500 km north of Thunder Bay, Canada. The property covers an a...Read More
B.C.-focused juniors Serengeti Resources (TSXV: SIR) and Sun Metals (TSXV: SUNM) plan to combine to create a "premier Canadian multi-asset copper-gold developer."The merger will bring together the companies' adjacent projects in north-central British Columbia - Serengeti's 67%-owned Kwanika project and Sun Metals' Stardust project. It will also bring together Sun Metals' Lorraine project, 40 km no...Read More
Developer Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) has provided an update on the progress of a feasibility study and resource for the proposed Goose mine within its wholly owned Back River gold project in Nunavut. The updated feasibility and resource estimate are expected in the first quarter of 2021 and both documents will include additions and modifications based on exploration success, tr...Read More
The Innovation for Cleaner, Safer Vehicles (ICSV) initiative - a collaboration between the International Council on Mining and Metals (ICMM) and original equipment manufacturers (OEMs) - has made progress towards understanding what is needed to transform today's fleet of mining vehicles into tomorrow's new generation of cleaner, safer vehicles, members of its CEO Advisory Group announced last week...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LSE: CEY) has outlined a three-year plan designed to cut costs and boost efficiencies at its Sukari mine, which has been hit in the past two years by operational issues and under-investment.The company said it would spend US$595 million to increase waste stripping at Sukari, which is Egypt's sole gold-exporting mine and the first large-scale modern gold...Read More
These Danish companies are planning to build one of the world's biggest hydrogen and e-fuel facilities.Read full newsRead More
Nickel prices have taken off as China struggles to source enough of the metal from Indonesia and presenting an opportunity for Australian nickel producers.Read full newsRead More
There's an interesting truth about the price of gold.Read full newsRead More
The Investor Relations website contains information about Virtual Investor Conferences's business for stockholders, potential investors, and financial analysts.Read full newsRead More
Puma Exploration Inc., PUMA-TSXV, is pleased to announce the closRead full newsRead More
Reports geochemical gold analyses on 94 samples Anomalous samplesRead full newsRead More
TriStar Gold Inc. is pleased to announce results from the firsRead full newsRead More
So much of the fight over the 5G rollout is politicized.The USA pressures Canada to arrest a Huawei executive. It pressures allies, large and small, worldwide to avoid Chinese 5G tech with carrots and sticks. All of that gets rolled into an anti-China agenda. Talking heads talk about overreach and hidden threats.The simple fact of the matter is that it should be a grave concern. The USA knows why....Read More