Blockchain image from Pixabay. Glasgow-based start-up Hypervine, announced Monday the start of a project, co-funded by the European Space Agency (ESA), to develop services using space-based data to improve efficiencies for extractive industries.Hypervine, through its blockchain ledger, enablessatellite-sourced information to guarantee accuracy, so quarry companies gainbetter oversight of their...Read More

Change always moves faster than we think.Many of our readers know that all too well as they took advantage of the early days in the marijuana boom.The same goes for the rapid adoption of renewables, especially solar, as it moved from a costly form of virtue signaling to the cheapest form of electricity generation in the nation.We're rapidly approaching another inflection point where a small segmen...Read More

BHP's Escondida mine is the world's largest copper producer located in Northern Chile. (Image courtesy of BHP) BHP (NYSE, ASX, LON: BHP) the world's biggest miner, released results for the second half of 2019 on Monday, announcing an interim dividend for shareholders of 65 cents per share - its second-highest on record. The declared dividend is 10 cents higher than last year, but lower than th...Read More

Mine trucks at Newmont's Porcupine mines. (Image courtesy of Newmont Goldcorp | Flickr) Colorado-based gold miner Newmont (NYSE: NEM, TSX: NGT) has reported gold mineral reserves of 100.2 million attributable ounces for 2019, the largest ever in company history. This represents a 53% increase over the 65.4 million ounces recorded in 2018 following the completion of two major transactions and thr...Read More

Here are five Fastmarkets stories you might have missed on Monday February 17 that are worth another look.Seaborne iron ore prices were up on Monday amid the gradual return of workers after the extended lunar new year holiday in China.The European Commission has initiated a review of existing safeguard measures into a number of imported steel products, it said on Saturday February 15.The market of...Read More

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday February 17, topping gains across the base-metals complex despite low trading volumes, while zinc gathered momentum over the afternoon but remained rangebound.Copper's outright price on the LME closed at $5,812 per tonne in the afternoon, its highest level since January 24 and breaching nearby re...Read More

Bob Moriarty ArchivesFeb 17, 2020There are a ton of tiny juniors out there who are taking advantage of a more favorable financing market to cash up and get cranking. One, with a tiny market cap of about $5 million at the time, contacted me a few weeks back with an interesting story. They wanted to advertise and were coming out with a private placement so I bought into it. The market quickly unders...Read More

The market of last resort has just re-ignited copper's cash-and-carry trade in China for the first time since 2018.Shanghai Futures Exchange copper futures have been trading in a deep contango following the delivery of 106,959 tonnes of copper cathodes onto the SHFE over the past two weeks - the biggest fortnightly inflow on records stretching back to 2003."Recently, the February to March carry is...Read More

European markets closed higher yesterday, as did Shanghai's Composite Index which gained 2.28%.The World Health Organisation put the number of confirmed cases yesterday at 71,429 globally, with more than 1,770 deaths, with its tally now including both laboratory and clinically diagnosed cases.The world's biggest miner by market capitalisation, BHP (ASX: BHP), today reported a 29% jump in attributa...Read More

While that is just 2% higher than the first half of 2019, the company said its underlying earnings were up 12% to A$28 million, while its available cash was up 24% to $25.5 million.Read More

Jack ChanPosted Feb 17, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.Speculation on gold is at a new high.Speculation on silver is pulling back from levels of previous tops.Our ratio remains o...Read More

Ahead of the president's state of the nation address (SONA) last week, the Minerals Council South Africa had renewed calls for action to address the economic crisis, power issues and "unprecedented deterioration" in the mining sector's security situation.Following SONA, it welcomed the president's plans to "change the trajectory of energy generation" and said there were two further announcements w...Read More

The market of last resort has just re-ignited copper's cash-and-carry trade in China for the first time since 2018.Shanghai Futures Exchange copper futures have been trading in a deep contango following the delivery of 106,959 tonnes of copper cathodes onto the SHFE over the past two weeks - the biggest fortnightly inflow on records stretching back to 2003."Recently, the February to March carry is...Read More

By: Ira EpsteinGold monthly chart is bullish. Gold has been consolidating since the start of the year..Read More

Key data from the pricing session in Asia and Europe for the week ended Friday February 14. Europe Key drivers  The prices for both grades jumped due to difficulties obtaining material from China because of transportation restrictions caused by policies to contain the coronavirus (2019-nCov).  Some suppliers reported receiving inquiries from customers who normally buy from China, such as...Read More

Ferrous scrap prices in Turkey rebounded on an improvement in demand from the country's steel mills during the working week ended Friday February 14. The upturn in Turkish prices sparked a recovery in the Indian markets, while prices in the United States were set to follow.Turkish prices increase amid higher buying interestTurkish buying brings signs of recovery in US export marketLow prices for J...Read More

Turkish domestic scrap prices have rebounded over the past week following an upturn in imported scrap values, sources said on Monday February 17.In the middle of last week, imported scrap prices increased sharply in response to improved demand from Turkish steel producers.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $274.82 per tonne on February 14, up...Read More

Fastmarkets proposes to launch four new ferrous scrap import prices, further bolstering our coverage of Asian scrap markets.The new prices include two prices on a cfr South Korea basis and two on a cfr Bangladesh basis.South Korea is one of Asia's largest ferrous scrap importers, buying large volumes of scrap from origins such as Japan and the US West Coast. Bangladesh, a rapidly growing scrap imp...Read More

Chris Griffith, chief executive officer and executive director of Anglo American Platinum, will step down from his position, the company said on Monday February 17.Griffith's last day at Anglo American Platinum will be April 16, 2020 after leading the company for more than seven years, the company said. His successor is expected to be a candidate from within...Read More

China's race to contain the coronavirus (2019-nCov), combined with its financial stimulus, are providing the markets with more than enough hope, with risk-on being seen across most of the metals and many equity indices, especially in western markets, this morning, Monday February 17. But this apparent confidence is likely to be fragile as there is still much uncertainty surrounding the virus and i...Read More