Li-Cycle's first commercial shipment of recycled battery materials. Credit: Li-Cycle Li-Cycle Corp. has reported its first shipment of commercially recycled battery material from its facility in Ontario. The shipment, made in December, contained key energy metals used in lithium-ion batteries, such as cobalt, nickel and lithium, in a concentrate. Li-Cycle says it is one of the few companies globa...Read More
Sandvik is preparing to deliver its renewed electric loader, the Sandvik LH625iE, for field testing to the Kiruna mine in northern Sweden. The unit to be tested is the 600th electric loader from Sandvik and is custom-designed for the Kiruna mine.The giant underground loader, which features a 9.5 cu. metre bucket and a 25,000 kg payload capacity, is designed to operate in the world's largest underg...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 7.Click on...Read More
The three-month zinc price on the London Metal Exchange climbed by 1.3% by the close of trading on Tuesday January 7, topping gains in the complex amid moderately low turnover across the board, while the aluminium price shed 1% of over the afternoon. Zinc's outright price on the LME closed at $2,346 per tonne this afternoon, its highest closing price since November 18, 2019. Despite low turnover o...Read More
Former London Metal Exchange chief executive Garry Jones has been appointed chief executive officer of technology provider Perfect Channel, effective January 1, the company said. Jones, who joined Perfect Channel as a director in September 2019, will now seek to deliver a strategic business plan to work with a variety of partners across multiple asset classes, focusing on financial institutions, c...Read More
Mkhwanazi joined the South32 board in July shortly after the company was formed.He had been a director of BHP Billiton, serving as chairman of BHP Billiton South Africa and president and chief operating officer of South Africa Aluminium.Prior to his executive roles at BHP Billiton, Mkhwanazi served as CEO of Bateman Africa and the National Energy Regulator.He previously held senior positions at th...Read More
NRW CEO and managing director Jules Pemberton said the BGC pick-up had boosted NRW's operational delivery capabilities in the Pilbara by adding skilled personnel with the capabilities and experience to safely and efficiently deliver the project's large bridges and concrete structures.Under the contract's scope BGC will lay about 65km of rail, including earthworks, roadworks, drainage works an...Read More
"We successfully completed two historic transactions in 2019, which have transformed Newmont into a truly international organisation with an unmatched portfolio of assets and prospects in top-tier jurisdictions around the world. As this company has done many times in the past, Newmont has demonstrated its ability to adapt to change, which is truly a hallmark of our success over the last 100 years....Read More
Fastmarkets has relaunched its ores and alloys cuts counter to track widespread production cutbacks amid the current low prices.A number of ores and alloys prices were at multi-year lows due to oversupply.Chrome ore and ferro-chrome prices were particularly subdued, prompting a series of production cuts while producers also dealt with rising costs.Fastmarkets' price assessment for ferro-chrome, 50...Read More
Vancouver, BC - A2Z Technologies Canada Corp. ("A2Z" or the "Company") (TSXV: AZ), a pioneer in military robotics, services, and innovation in the auto industry, announced today that it has won three significant contracts with the Israel Electric Company (IEC). "We are delighted to have been selected as the winner of these three important contracts," stated Mr. Bentsur Joseph, CEO of A2Z Technolog...Read More
By: Ira EpsteinGold's move to 7-year highs, what to look for next: resistances and supports:Read More
Focus will now shift to US December private ADP job numbers tomorrow and Friday's US December nonfarm payrolls. Both these numbers should come it at or over 160,000 for gold and silver to see selling pressure. Use sharp dips to invest for Easter in both gold and silver. Trade pact with China and Brexit has already been factored by the markets. Trump has started 2020 with a fragile Middle east an...Read More
The Turkish deep-sea scrap import markets were relatively quiet on the second day of the working week, with the mills still in negotiations for February cargoes, sources said on Tuesday January 7.The steel producers in the country had been silent in the deep-sea markets over the past two weeks because of the year-end holiday periods. They resumed their purchases at the end of last week with four c...Read More
Japan is expected to divert more of its ferrous scrap export supply to Vietnam and Bangladesh in 2020 due to weaker demand from neighbor South Korea, market sources in Japan told Fastmarkets."South Korean demand for ferrous scrap is expected to fall further in 2020 compared with 2019, and Japanese scrapyards will have to target new markets to send their materials," a Japanese trader told Fastmarke...Read More
Steel-consuming sectors in Mexico should receive a boost from a gradual recovery in the Mexican economy this year, with optimism among participants in the scrap market slowly growing as a result.The country's gross domestic product (GDP) is expected to grow by 1.2% in 2020, according to the International Monetary Fund (IMF), although more recent forecasts from economists have been lower."We foreca...Read More
KENORA - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Ontario is investing $194,926 through the Northern Ontario Heritage Fund Corporation (NOHFC) in a steel manufacturing facility, creating four full-time jobs.Atlantic Industries Ltd. is a national, family-owned business that manufactures steel pipes, retaining walls, bridges and sound walls. This investment...Read More
Jeremy Wrathall, Founder and CEO of Cornish Lithium www.cornishlithium.com tells us more about the first crowd-funded mining company in the UK. Lithium in brine was first identified in Cornwall in 1864 and even then was identified as a source that could have great commercial significance. Demand for lithium in Europe is rapidly rising and the region is expected to become the second largest source...Read More
Today is Tuesday, January 7, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,572. It's up 0.38% from yesterday and up 21.90%...Read More
Today is Tuesday, January 7, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Canadian Natural Resources (NYSE: CNQ), Continental Resources (NYSE: CLR), and Concho Resources (NYSE: CXO).Canadian Natural Resources (NYSE: CNQ)Canadian Natural Resources (NYSE: CNQ) is a $37.7 billion company today with a one-year return of 25.26%. Let's look at its price-to-ea...Read More
As I have been predicting for months, the IMO 2020 rules have disrupted the global fuel market. These new rules went into effect on January 1, 2020 and have mandated the reduction of sulfur used in marine fuel.This has created chaos in fuel pricing.High-sulfur fuel oil prices have collapsed, as HSFO (3.5% sulfur, or bunker fuel) is now illegal unless the ship is equipped with scrubbers. HSFO price...Read More