(IDEX Online) - GIA (Gemological Institute of America) is hoping to capture consumers' attention with two video ads about its Diamond Origin Report and the 4Cs. The ads are set to run in New York City's Times Square until February 15.The ads went up during the 2019 holiday season and are located on the 56-by-29-foot wrap-around video billboard at 1500 Broadway on the north-east corner at...Read More
The stainless steel scrap market in the United States has continued to show cautious optimism, with prices inching upward amid an easing in material flows. "The stainless train keeps rolling in the right direction," one dealer source said. "It certainly feels like there is some momentum building, but given our experience with stainless steel scrap in 2019, we are being cautious with raising our pr...Read More
Turkish steel producers continued to hold back from the deep-sea scrap markets in an attempt to push down prices while they struggled with weak demand and values for finished rebar, sources said on Wednesday January 15.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesResolute is selling the project for A$50 million cash, a $50 million promissory note, and further payments potentially totaling another $200 million contingent on future gold prices and productionRead More
Seaborne coking coal prices were steady on Wednesday January 15, with market participants staying on the sidelines.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.26 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $160.87 per tonne, unchangedHard coking coal, fob DBCT: $125.01 per tonne, unchangedHard coking coal, cfr Jingtang: $135.76 per...Read More
The seaborne iron ore index was rangebound on Wednesday January 15 amid tepid demand from steelmakers in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.44 per tonne, down $0.59 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.48 per tonne, down $0.59 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.11 per tonne, down $0.42 per tonne.58% Fe fines high-premium, cfr Qingda...Read More
The Chinese steelmaking industry will focus on six key areas in 2020 to maintain its structured and orderly development, China Iron & Steel Association (Cisa) chairman Gao Xiangming said in a speech at a conference last weekend.These are meant to round out the final year of China's 13th Five-Year Plan and contribute to the stable growth and reform of the Chinese economy.1. Maintain stable, efficie...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for the January Empire State Manufacturing Survey is unchanged from December at 3.5. Actual was 4.8. Consensus for the December Producer Price Index was an increase of 0.2% versus no chang...Read More
The three-month lead price on the London Metal Exchange climbed by 1% during morning trading on Wednesday January 15, building on gains made earlier in the week, while stock volatility failed to influence the aluminium price. Lead's outright price on the LME was recently seen at $1,970 per tonne, while trading volumes were high over the morning at more than 1,500 lots exchanged as of 9:15am London...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 15. Key drivers The prices of ferro-titanium and titanium scrap markets were steady in the second week of January, a level it has maintained since December 18. Alloy suppliers achieved higher prices in the United Kingdom compared with deals done lower in the current range in continental Europe, although trading a...Read More
An overview of the minor metals markets and their latest price moves.Read More
First Cobalt (TSX: FCC; US-OTC: FTSSF) has released an updated resource for its 7-sq.-km Iron Creek project in Idaho, with 2.2 million tonnes at 0.32% cobalt-equivalent in the indicated category and 2.7 million tonnes at 0.28% cobalt-equivalent in the inferred category. Contained cobalt stands at 12.3 million lb. in the indicated and 12.7 million lb. in the inferred category.This represents a 10%...Read More
Wesdome Gold Mines (TSX: WDO) has issued production guidance of 90,000 oz. to 100,000 oz. gold for 2020. Last year's production of 91,688 oz. was in line with prior guidance of 88,000 oz. to 93,000 ounces.The bulk of the company's production is from its Eagle River underground mine near Wawa, Ontario. Output from this asset has been steadily increasing, with 88,617 oz. produced last year, compared...Read More
Benchmark iron ore prices climbed on Tuesday after trade data showed Chinese imports of the steelmaking raw material topped 1 billion tonnes for the third year in a row as Beijing's efforts to stimulate the economy pays off.The Chinese import price of 62% iron content ore was pegged at US$97.03 per dry metric tonne, according to Fastmarkets MB, a more than four-month high. Iron ore prices averaged...Read More
Pay-by-day mining software gives geologist competitive boostSPONSOREDmicromineSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesMaking predictions is not hard. We do it all the time, largely without thinking.Read More
Interview with President & CEO Martin Turenne. FPX Nickel is developing the Baptiste Deposit, one of the biggest Nickel projects in the world. An updated PEA...Read full newsRead More
SNNLive spoke with Martin Turenne, President, CEO and Director of FPX Nickel Corp. (TSX-V: FPX), at the Precious Metals Summit 2019 in Beaver Creek, CO. For ...Read full newsRead More
Buyers of precious metals ETFs should watch out for a corner of the market that sees outsized swings: the metal miners.Read full newsRead More
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