Key data from the Wednesday October 28 pricing session in Shanghai. Tight supply of aluminium scrap - the raw material for aluminium alloy ADC12 ingot - did not ease much although China's newly released customs code for imported aluminum scrap does allow more scrap into China after November theoretically. The aluminium scrap price in the domestic market firmly supports the production cost of alumi...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were for the main part firmer this morning, Wednesday October 28, this despite early weakness in major western equity index futures that were suffering because parts of Europe look set to escalate lockdown measures. France is reportedly contemplating a one-month nationwide lockdownNickel prices surge as a nickel min...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 28.Key driversThe ferro-titanium market in Europe climbed further over the week, adding to a steady run of gains since August 19 when the market was assessed at $3.30-3.85 per kg ddp. Steady demand and competition from overseas buyers in India and China have supported the rally in recent weeks, while persistent scrap tightne...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb at...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Read More
South Africa's proposal to impose an export tax on UG2 chrome ore has revived sentiment and halted a slump in prices, while ferro-chrome markets held steady ahead of the release of November tenders, sources said on this week.News of the proposed export tax saw Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, settle at $136 per tonne on Tuesday, up by $1 per t...Read More
Giga Metals (TSXV: GIGA; US-OTC: HNCKF) has tabled an updated preliminary economic assessment (PEA) on its Turnagain nickel-cobalt project in B.C., 65 km east of Dease Lake.The early-stage study suggests a two-stage, 37-year open pit operation, producing a high-grade nickel concentrate sold to smelters. According to the press release, this latest assessment confirms "the ability of Turnagain to pr...Read More
Adriatic Metals (LSE: ADT2; ASX: ADT) has signed agreements to raise US$28 million from two new investors - Queen's Road Capital Investment and the European Bank for Reconstruction and Development - following the recent release of a prefeasibility study on its flagship Vares silver project in Bosnia-Herzogovina.The investment from Queen's Road Capital consists of a US$20 million private placement...Read More
The extraction of metals and minerals is a capital intensive endeavour. Mining companies require hundreds of millions of dollars, and in many cases, billions, to take a project from exploration to production.Using data provided by Miningintelligence, we have ranked the mining companies that have raised the most capital year-to-date.Leading the pack is Australia's Newcrest Mining, raising nearly $...Read More
Oleg Novachuk and Vladimir Kim, the current and past chairman of Kaz Minerals (LSE: KAZ), are proposing a buyout offer of the pure-play copper company.Their company, Nova Resources, in which they own a 36.5% and 63.5% stake, respectively, already owns about 186 million shares of Kaz Minerals.Nova Resources is offering to buy Kaz Minerals for ?3 billion in cash at a price of 640 pence a share, whi...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootIn both cases it will be industrial activity rather than investment which should underpin a strong price recovery.Read More
Australian lithium producer Pilbara Minerals (ASX: PLS) has signed a conditional agreement with a group of lenders to buy embattled rival Altura Mining for US$175 million.The West Perth-based miner would pay US$155 million upfront and in cash. It would also pay about US$20 million for the shares in Altura Lithium Operations upon successful completion of the deal.The cash portion will be mostly fun...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootA From the Capital column on June 11 questioned whether so-called tight capital structures produce superior investment ret...Read More
Brixton Metals (TSXV: BBB) has entered a joint venture agreement on its wholly owned Hog Heaven project with High Power Exploration (HPX), a privately owned mining company led by billionaire and Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder Robert Friedland.The Hog Heaven project is an advanced stage silver-gold-copper-lead-zinc deposit with historical production located in Flathead County, Mont...Read More
The United States' ferrous scrap export market is enjoying renewed activity and better prices on both the East and West Coast, which is also working to tighten supply in the domestic market ahead of November's trade.On the East Coast, two additional cargoes were sold to Turkey this week at $292 per tonne for an 80:20 mix of No1 and No2 heavy melting scrap, $297 per tonne for shredded scrap an...Read More
Domestic steel rebar prices in south Europe dipped slightly due to slower buying amid lockdown fears, yet prices widened upward in the north on bullish offers from mills, sources told Fastmarkets on Wednesday October 28.Southern EuropeFastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered southern Europe was ?,?445-450 ($526-532) per tonne on Wednesday, down by...Read More
The enclosed and cramped spaces where miners work likely made it easy for the virus to spread, the Department of Health says.Read full newsRead More
The gold price has been falling since hitting an all-time high of $2,085 an ounce. I'd rather buy these dividend-yielding FTSE gold miners instead. The post Tempted by the gold price? I'd consider these 2 dividend-paying FTSE gold miners appeared first on The Motley Fool UK.Read full newsRead More