Recently, a Goldmoney article called “Hyperinflation is Here” made a big splash in financial media. The article was picked up by third-party sites and widely circulated online. In it, the author argues that many countries are already in a state of hyperinflation — albeit one masked by the CPI’s selective inclusion of prices. He goes on to say that if you use the &...Read More
How many of you use your face to unlock your phone?I know it's not all of you.But you've probably at least seen a lot of people doing it, right?They hold their phone up directly in front of their face, it unlocks, and boom, they're swiping and typing.An entire universe of apps, media, information, and services instantly at their disposal.It seems to be the preferred method for young people especia...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 22 that are worth another look....Read More
The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Thursday October 22, making a steady approach toward resistance at the $2,600-per-tonne threshold.Copper futures were the laggard over the day, in spite of Wednesday's upsurge.Zinc's underlying price on the LME closed at $2,578.50 per tonne on Thursday afternoon, climbing from an intrad...Read More
Freeport-McMoRan has proposed expanding its existing copper smelter at Gresik in Indonesia by 30% and adding a precious metals refinery in place of constructing an entirely new smelter nearby. The chief executive officer of the US copper producer said this option was attractive to the government of Indonesia as an alternative to undertaking a major construction project during the Covid-19 pandemic...Read More
Bob Moriarty ArchivesOct 22, 2020This year has been one of those years where everything changes. We have a pending civil war/revolution starting with riots in hundreds of cities. We have a pandemic whatthe “Experts” claim is the deadliest since theBlack Plague and the front line doctors maintain has been over since June.For what many are calling the most important presidential election...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 22 that are worth another look....Read More
Speaking on the sidelines of a WA Mining Club lunch in Perth on Thursday, CEO Peter Kerr told Mining Journal the company had a number of internal options, namely aiming to extend the minelife at its flagship high-grade, restarted Koolan Island operation and investigate regional deposits at its Mid West iron ore business.He said in terms of external options, COVID-19 restrictions had put a dampener...Read More
Chrome market participants have been surprised by the South African government's proposal to introduce an export tax on chrome ore to support its chrome sector but sought further detail about what it involves and when it would be carried through.The proposed export tax on South African chrome ore is designed to support domestic ferro-chrome production and its chrome value chain, the South African...Read More
Vancouver, BC - October 22, 2020 - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata") is pleased to announce that management will be hosting a live investor webinar on Thursday, October 29th at 2:00 PM ET. The management will be going through its updated October investor presentation which includes an overview of current operations, industry metric and upcoming milestones on it...Read More
US copper producer Freeport-McMoRan said its Cerro Verde copper mine in Peru is operating at around 90% of its 2019 annual average while it works to restore operations following restrictions imposed due to the Covid-19 pandemic. The mine, in which Freeport owns a 53.56% stake, saw operating rates average 351,000 tonnes per day of ore during the third quarter, the company said. Consolidated sales i...Read More
Fastmarkets will launch two new European high-carbon ferro-chrome price assessments on Tuesday October 27 this year, which will run alongside the existing price assessment until the end of 2021.After a consultation period, Fastmarkets has concluded that it will launch price assessments for ferro-chrome, high carbon, 6-8.5% C, basis 60-64.9% Cr, max 3% Si, cif Europe, $ per lb Cr, and ferro-chrome,...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More
Turkish steel mills have returned to the deep-sea scrap markets, booking several cargoes at higher prices than previously, market sources said on Thursday October 22.On Wednesday, sources speculated on the direction prices could move after three days with no bookings. But that was before the latest transactions came to light late in the day, after Fastmarkets' index calculation had closed.A steel...Read More
Prices for containers of steel scrap imported into Bangladesh have risen over the past seven days, supported by higher freight costs, market participants told Fastmarkets on Thursday October 22.Rising demand for grain transportation has driven up container freight costs into Bangladesh, sources said, together with solid gains seen this week in the markets for both Japan export scrap and Taiwan imp...Read More
Freeport-McMoRan has proposed expanding its existing copper smelter at Gresik in Indonesia by 30% and adding a precious metals refinery in place of constructing an entirely new smelter nearby. The chief executive officer of the US copper producer said this option was attractive to the government of Indonesia as an alternative to undertaking a major construction project during the Covid-19 pandemic...Read More
US copper producer Freeport-McMoRan said its Cerro Verde copper mine in Peru is operating at around 90% of its 2019 annual average while it works to restore operations following restrictions imposed due to the Covid-19 pandemic. The mine, in which Freeport owns a 53.56% stake, saw operating rates average 351,000 tonnes per day of ore during the third quarter, the company said. Consolidated sales i...Read More
* MSCI world stocks index drops to two week low Europeequitieshead for fourth day of losses * U.S. stimulus deal seen 'elusive' before Nov. 3 election * Oil markets steadies after heavy tumble * Yuan sticks around 2018 highs, Turkey expected to hikerates* Graphic: 2020 asset performance* Graphic: World FX rates in 2020 By Marc JonesLONDON, Oct 22 (Reuters) - World shares slipped to atwo-week low a...Read More
Base metals prices on the London Metal Exchange were weaker this morning, Thursday October 22, this after a day of general strength on Wednesday that saw copper prices climb, intraday, back above $7,000 per tonne. Concerns that an additional stimulus package in the United States may struggle to get agreed before the presidential election has weighed on sentiment. Forecasts from the International L...Read More
Multiple battery chemistry offerings will continue to co-exist in the marketplace, according to Ernie Ortiz, president and managing director at Lithium Royalty Corporation."The future will be balanced and diversified across battery chemistry. [Original equipment manufacturers] acknowledge that battery chemistry is not a one-size-fits-all approach," Ortiz said during the Focus Day on electric vehic...Read More