The ?-ks? 1/4 t mine is located in the south-central Kayseri province. Credit: ?-ks? 1/4 t Madencilik Centerra Gold (TSX: CG) announced Friday that the ?-ks? 1/4 t mine in Turkey has achieved its first gold pour on schedule and ahead of budget. The gold pour occurred in the same week that the mine celebrated a safety milestone of two million work hours lost time injury free (LTIF).?-ks? 1/4 t now...Read More
Anglo American Minas Rio mine ore loading at export terminal A??u in Rio de Janeiro state, Brazil. October 2014.The once obscure Baltic Dry Shipping Index, which tracks some 50 bulk shipping routes around the globe came to prominence at the start of the Chinese-led commodity supercycle in the early 2000s. Of the freight rates tracked by the exchange, those for Capesize ships (so named because the...Read More
The First Cobalt Refinery is located in Ontario, Canada. (Image courtesy of First Cobalt) First Cobalt Corp. (TSX-V: FCC) announced Friday that it has increased its previously announced non-brokered private placement to accommodate demand. The offering has increased to 14.3 million units of the company at a price of C$0.14 per unit for gross proceeds of approximately C$2million. The company exp...Read More
Gosowong gold mine, Indonesia. Image by Newcrest. Newcrest (ASX: NCM) announced Friday it has signed an agreement to sell 100% of Newcrest Singapore Holdings Pte Ltd (NSH) which owns a 75% interest in PT Nusa Halmahera Minerals (PTNHM), which operates the Gosowong mine in Indonesia, and 100% of PT Puncakbaru Jayatama (PTPJ), which employs exploration personnel in Indonesia to PT Indotan Halmaher...Read More
The London Metal Exchange three-month lead price was higher by close of trading on Friday January 31, regaining the bulk of losses made earlier in the week against moderately low turnover, while tin futures similarly made gains over the afternoon.Lead's underlying price on the LME closed at $1,879 per tonne this afternoon, recovering from an intraday low of $1,828 per tonne, while turnover was at...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The price of stainless steel in the European domestic market was unchanged this week, despite monthly allow surcharges increasing slightly for February, sources told Fastmarkets on Friday January 31.In fact, prices are more likely to move down than up because of recent losses in the nickel market, sources said. The February surcharges are based on alloy component prices during the period December...Read More
Bob Moriarty ArchivesFeb 1, 2020In every precious metals cycle there comes a time where a company has good assets but for one reason or another has failed to garner traction and has to pretty much give away projects. That point came for Canarc (CCM-V) last year. They pretty much gave away a high-grade gold project with over a million ounces of gold in a current 43-101 to a junior that was little m...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Anglo confirmed no one was injured in the accident, which happened during a planned longwall move. The company said the collapse was triggered by a geotechnical issue.Analysts at Jefferies said while it was too early to say how long the mine, located in the Bowen basin in Queensland, would be offline, "if we assume the mine is down for the year, this would be a ~$350m Consolidated EBITDA hit for A...Read More
Adam HamiltonArchivesJan 31, 2020 The US stock markets dramatically surged mostly in a straight line since mid-October. This extraordinary rally started when the Federal Reserve announced it would resume expanding its balance sheet for the first time in years. The deluge of new liquidity from that quantitative-easing bond buying has again acted like rocket fuel for stock markets. After shooting ve...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More
Global manganese ore supply increased 6% year on year in 2019 to 22.14 million tonnes of manganese units, amid rising output in Africa and the Americas, according to the latest data from the International Manganese Institute (IMnI).Supply from Africa and the Middle East increased by 12% to 12.3 million tonnes in 2019, driven by Gabon, Ghana and South Africa, while smaller suppliers in Ivory Coast,...Read More
An overview of the minor metals markets and their latest price moves.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,40146,30986,056192,300553,114654,757685,479 Change from Prior Reporting Period 1,608-10,789-55,418-20,145-11,234-73,955-77,441 Traders 22856825857311180 Small Speculators LongShortOpen Interest 60,78230,060715,539 -4,335-849-78,290 non reportable posi...Read More
The US stock markets dramatically surged mostly in a straight line since mid-October. This extraordinary rally started when the Federal Reserve announced it would resume expanding its balance sheet for the first time in years. The deluge of new liquidity from that quantitative-easing bond buying has again acted like rocket fuel for stock markets. After shooting vertically they are in real...Read More
By: Ira EpsteinGold higher lows and higher highs. $1,567.90 key short-term support. 18-dma at $1,568+Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, w...Read More
The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($979-1,018) per tonne on Friday, down by ?20-30 per tonne from ?780-800...Read More