An overview of the Chinese minor metals markets and the reasons for the latest price moves.Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 14.Europe The high-carbon ferro-chome market rose for the fourth consecutive week with some producers reporting a steady recovery in the volume of inquiries they received and prices achieved. Some consumers reported that their use of the spot market was limited, however, because weak demand...Read More
The price of stainless steel flat products in the European domestic market decreased this week because of lower nickel costs and poor demand, sources told Fastmarkets on Friday February 14. Fastmarkets' weekly price assessment of stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,000-2,050 ($2,172-2,226) per tonne on Friday, down by ?,?50 per to...Read More
The price of grade-316 stainless steel scrap in the UK and Europe moved higher this week with support from demand from Indian buyers, sources told Fastmarkets on Friday February 14. Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, increased by ?40-50 per tonne to ?1,200-1,230 ($1,560-1,599) per tonne from ?1,150-1,190 per...Read More
Low prices for Japanese ferrous scrap sparked interest among buyers in Vietnam and Taiwan this week, sources told Fastmarkets on Friday February 14.VietnamFastmarkets' weekly price assessment for deep-sea bulk cargoes of steel scrap HMS 1&2 (80:20), cfr Vietnam was $260-265 per tonne cfr on Friday February 14, down by $4-7 per tonne from $267-269 per tonne cfr a week earlier.Prices decreased over...Read More
Demand for aluminium and steel coil in China has come under strain while the novel coronavirus (2019-nCoV) crisis has allowed the gears of the country's automotive sector to grind to a halt.Many manufacturing plants across China - including those in the automotive segment - have paused operations in the past two weeks to February 12 after the government extended workers' Lunar New Year holiday to...Read More
Egypt has granted Aton Resources (TSXV: AAN) a mining licence for its Hamama development project - the second time in a decade that the government has greenlighted a mine since Centamin's (TSX: CEE; US-OTC: CELTF) Sukari gold mine started commercial production in 2010.The 20-year mining licence can be renewed for an additional ten years.The Hamama project in Egypt's Eastern Desert includes the Ham...Read More
As much of the easily accessible gold has been found, prospectors and mining companies have had to dig deeper and venture farther into more extreme and remote environments to find economically viable deposits.Mineral exploration companies spent more than US$10 billion during 2018 in the search for nonferrous metals, with more than half of global mineral exploration budgets spent on gold, according...Read More
The winners of the Young Mining Professionals (YMP) awards this year are Ashley Kirwan of Orix Geoscience and David Cataford of Champion Iron (TSX: CIA).The YMP awards, presented in association with The Northern Miner, recognize two mining professionals under the age of forty who have demonstrated exceptional leadership skills and innovative thinking and provided value to their companies and share...Read More
The Vale nickel company in New Caledonia says three bids are in to buy the 95 percent stake put up for sale.Read full newsRead More
Feb 12, 2020 (GoldStocks.com via COMTEX) -- The rally in gold has been in progress since the beginning of the year due to the onset of the coronavirus scare...Read full newsRead More
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"The #GeorgiaRiver #deposit lies at the root of an Early Jurassic volcano which formed at the intersection of deep structures in the ancient basement, a pattern common to the #GoldenTriangle#Auramex $AUX #SmallCaps #MineralExploration #MomentumStocks #Silver #Gold"Read full newsRead More
Friday saw Ariana Resources (LSE:AAU) reveal positive progress in joint venture ("JV") discussions for its Salinbas project in Turkey. The firm said that i...Read full newsRead More
The DNR said a January Minnesota Court of Appeals decision could affect future mining proposals, the state's currently operating iron mines, and a wide range of other state permit decisions, calling the ruling, "a significant departure from the DNR's long-standing application of state mining law".Glencore-backed PolyMet filed a similar petition with the Supreme Court seeking to overturn the Court...Read More
Vancouver, February 14 - INK Research (INK) announces changes to the INK Canadian Insider Index as a result of the rules-based quarterly review. These changes will be effective at the close on Friday, February 21, 2020.ADDITIONS (Name and Symbol)ARC Resources Ltd. (ARX)CI Financial Corp. (CIX)ECN Capital Corp. (ECN)Frontera Energy Corporation (FEC)Heroux-Devtek Inc. (HRX)Kelt Exploration Ltd. (KE...Read More
Oil has collapsed on the back of Wuhan coronavirus fears while, but Apple (Mostly Sunny; AAPL) keeps climbing despite the device maker's exposure to China. What could explain the divergence? How about billions of dollars of liquidity being thrown at the financial system from the U.S. Fed and Treasury? That is the opening topic in my latest interview with Jim Goddard on HoweStreet.com.I drew on a...Read More
The coming retirement crisis and the everything bubble - Real VisionHow can ordinary people behaving rationally create a generational threat? Raoul Pal, in his role as CEO and co-founder of Global Macro Investor, joins Real Vision to explain the interconnected problem of the everything bubble and the coming retirement crisis to answer the question, "why do we invest?" He explains in detail how...Read More
China's auto output fell by a third in January in comparison with a year earlier while sales declined by a quarter, according to estimates by the China Association of Automobile Manufacturers. The association, which expects these numbers to worsen in February, said on Thursday February 13 that it had not received data from all the companies it monitors because many of them have yet to return to wo...Read More
The China Iron & Steel Association (Cisa) is seeking the Chinese transport ministry's help to solve logistical problems experienced by steelmakers in recent weeks, especially those affecting the delivery of raw materials, market sources told Fastmarkets.Various transportation restrictions have been put in place throughout China since late January as a result of the outbreak of the novel coronaviru...Read More