A summary of stainless steel producer Aperam's results for the third quarter of 2020.In brief Aperam managed to increase shipments for the period driven by flexible multi-product business in Brazil and the demand recovery in Europe after Covid-19-related lockdowns earlier in the year were eased. Sales, however, were still down year-on-year due to weaker prices. The automotive industry, one of the...Read More
Brazilian ferro-alloys producer Ferbasa has reported a fire at its plant in the country that it warned may affect ferro-silicon production for about eight days, the company said on its website on Tuesday November 3.Ferbasa has the capacity to produce around 120,000 tonnes per year of ferro-silicon and sells its product domestically, while exporting alloy to the United States and Europe. The compan...Read More
China has stepped up trade restrictions against Australia, with at least one clearinghouse suspending imports of a range of agricultural and mineral products, Hong Kong's daily English-language newspaper, the South China Morning Post, reported on Nov. 3.That same day, Bloomberg News also reported that the Chinese government had ordered commodity traders to stop purchasing products, including coal,...Read More
With its Cigar Lake uranium mine in northern Saskatchewan on care and maintenance for the majority of the second and third quarters, Cameco (TSX: CCO; NYSE: CCJ) reported a quarterly net loss of $61 million ($78 million adjusted) for the third quarter, following a net loss of $53 million in the previous quarter.Cigar Lake restarted in September, after a six-month suspension in response to the Covi...Read More
The European high carbon ferro-chrome markets were largely stable in week to Tuesday November 3 despite concerns about Covid-19 inspiring caution among consumers, sources said.Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe assessment was stable at $0.88-1.03 per lb Cr for a second consecutive week on Tuesday November 3.Likewise, Fastmarkets' assessme...Read More
Australia's Human Rights Law Centre has issued a statement saying that the residents of Bougainville in Papua New Guinea have welcomed this week's decision by the Australian government to accept a human rights complaint against mining giant Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) for investigation and conciliation.The complaint, which was filed by the HRLC on behalf of 156 Bougainville residents...Read More
Global zinc production is poised to rise over the coming years as elevated prices encourage miners to restart idled capacity and begin production at new mines.Using data provided by Miningintelligence, MINING.COM takes a look at the 10 biggest zinc producers in world in terms of their 2019 output.The Red Dog mine in Alaska, operated by Canada's Teck Resources, kept its "top dog" status with zinc p...Read More
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the end of 2021.Mining and oil minister Diamantino Azevedo announced on Nov. 2 that its office is working to set up a gemological academy and a technological research centre within the same free-trade zone as the Angolan Diamond Bourse (ADB...Read More
Many of the searches were in Deleware, Maryland, Tennesse... Read full newsRead More
Short-term valuation analysis implies major gold stocks still have another 10-20% downside.Read full newsRead More
TORONTO - Iamgold Corp. says it has shut down operations at its Westwood underground gold mine in southern Quebec following aRead full newsRead More
Gold mining giant Barrick Gold (TSX:ABX)(NYSE:GOLD) announced its third-quarter earnings report today. The company reported better-than-expected net income and sales over the previous year and surpassed most analyst expectations. In my view, this could be an early sign of much more momentum in gold stocks going into 2021. Here’s a closer look at the report and Barrick Gold stock’s...Read More
It’s a general thinking among investors, especially those who are new to the investing world, that lower dollar denomination stocks have a long runway for growth, and they could deliver multifold returns over time. While I do not agree to this as stocks quoting low dollar price doesn’t assure great returns, but there are few stocks that are quoting low in terms of price and have except...Read More
Nov 05, 2020 Guest(s): E.B. Tucker Director, Metalla Royalty & Streaming All eyes are on the U.S. election results, where ods are now stacked in Joe Biden's favor, here's everything you need to know as an investor to prepare for four years of a Democrat in the White House. E.B. Tucker, director of Metalla Royalty and "Why Gold? Why Now? The War Against Your Wealth and How to Win It" said that go...Read More
Zinc concentrate treatment charges continued to slide in October, falling to a 26-month low with near-term demand continuing to outweigh immediate supplies of material, Fastmarkets has heard.Fastmarkets' latest monthly assessment for zinc spot concentrate TC, cif China, was $85-105 per tonne on Friday October 30, down by 13.6% from $100-120 per tonne on September 25.The market for zinc concentrate...Read More
Three-month base metals prices on the London Metal Exchange were mixed at the close of trading on Thursday November 5, with a prolonged US election process limiting investor sentiment despite a continued decline in the US dollar index, while aluminium's forward spreads widened over the afternoon.Aluminium's underlying price on the LME closed at $1,897.50 per tonne on Thursday afternoon, declining...Read More
As the aluminium price surges to an 18-month high, alumina market participants are debating how it is influencing the raw material's market direction. The London Metal Exchange three-month price hit $1,913 per tonne on Wednesday November 4 - the highest since April 2019 - and closed trading at $1,908.50 per tonne at the LME 5pm ring kerb. The aluminium price has been on an upward trajectory over t...Read More
K+S still expects prices to continue to rise in the short and medium-term.It has guided for third-quarter EBITDA of €480 million.Scotiabank says the writedown is in line with its recent projections about increased commoditisation of potash leading to lower mid-cycle prices and valuation multiples."While an impairment charge of this magnitude is obviously not positive, it's also far from new a...Read More
Zinc concentrate treatment charges continued to slide in October, falling to a 26-month low with near-term demand continuing to outweigh immediate supplies of material, Fastmarkets has heard.Fastmarkets' latest monthly assessment for zinc spot concentrate TC, cif China, was $85-105 per tonne on Friday October 30, down by 13.6% from $100-120 per tonne on September 25.The market for zinc concentrate...Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report new intersections of strong radioactivity from the now completed summer drilling program at the Hurricane zone, which has successfully expanded the mineralized footprint to the south. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property...Read More