Midwest Resource Finance Group, whose sole director and shareholder is AustSino executive chairman Chun Ming Ding, has agreed to subscribe for 7.7 billion shares in AustSino at 1.3c each.Read More
Sales of rough and polished diamonds amounted to US$31.3 million in June, down 22% on the May figure. The company's monthly sales totalled just over US$400 million in January."June sales were expectedly low, as we continue making every effort to maintain stability of the diamond industry and support our customers," said Alrosa's deputy CEO Evgeny Agureev.Alrosa has been offering flexible sales ter...Read More
Revolution's flagship Schedule Optimisation Tool is said to be the industry's only financial optimisation tool for underground mines that lets mine planners improve productivity and profitability by optimising the net present value of the mine schedule.SOT came out of research by the Mining Innovation, Rehabilitation and Applied Research Corporation, a not-for-profit company of Laurentian Universi...Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday July 10.Europe The high-carbon market continued to soften in response to weakening demand with Europe entering the summer slowdown.The low-carbon ferro-chrome market tumbled further to a multi-year low with producers slashing offer prices to win available...Read More
Chirundu includes the Njame and Gwabe deposits, which were included in GoviEx's 2017 preliminary economic assessment for its Mutanga uranium project.GoviEx said due to the smaller scale and higher-cost nature of the Gwabe and Njame deposits, they were scheduled to be mined in the later stages and as a result, "the exclusion of these deposits from the mine plan is believed to have a low to no impac...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt alloy grade, in-whs...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort337,03069,67254,030118,424421,016509,484544,718Change from Prior Reporting Period 8,0887,4001621,7272,8569,97710,418Traders22766895559318181 Small Speculators LongShortOpen Interest 63,29228,058572,776 1,17173011,148 non reportable positionsChange from the previous reporting peri...Read More
By: Gary SavageI have never found a consistent way to find tops in this market over the past 30 years, when you have central bank QE interfering. Over time, shorting generally cost me more money than I made. Markets go down differently than they go up, tops form differently and it is difficult to consistently time the tops:https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold has had the best close since 2011. The pattern remains in a neutral trend in the short-term market. The market is well over the 18-dma, $1778.80 level, but we have a problem:Read More
Traders will prefer to be long in gold and silver for the weekend. Sharp corrections (if any) should be used to go long for Monday. Crude oil should fall. Momentum for copper is very bullish. Sharp increase in COVID cases in key states in USA this week will ensure that gold and silver rise next week too. Only risk to my view is a sustained slide in US stock markets. I had written in previous rep...Read More
Steel scrap prices in the Asian markets have recovered following the Kanto auction in Japan, while Turkish deep-sea scrap import values inched down at the end of the week due to weak demand for rebar.Turkish steel producers resumed their deep-sea scrap purchases at the end of the week at slightly lower pricesUS export markets broke silence at the end of the week with fresh cargoes to TurkeyJapanes...Read More
Turkish steel producers resumed deep-sea scrap purchases at the end of the week at slightly lower prices, sources said on Friday July 10.A steel mill in the Izmir region booked a cargo from the United States, comprised of shredded scrap at $258 per tonne and bonus-grade scrap at $263 per tonne cfr.Another steel mill in the Marmara region also booked a US cargo at $255 per tonne cfr for a...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday July 10.China Seaborne ore prices fell in response to lower offers for August shipments, with some market participants remaining bearish about the near-term outlook due to rising portside stocks and higher-than-expected volumes of cargoes flowing to China (particularly for 37% material). There was go...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Chinese domestic lithium prices fell in an otherwise flat market in the week to Thursday July 9, with producers forced to reduce offers to tempt buyers amid sufficient supply.Ample supply offset slightly improved downstream operation rates in China, pressuring China's battery-grade lithium carbonate price lower. China's industrial-grade lithium carbonate offers firmed with individual producers inc...Read More
Brazilian domestic flat steel prices rose on Friday July 10 after local steelmakers began implementing previously announced price increases amid recovering demand.Most flat steel prices were heard increasing by around 5%, or half of the hike announced in June, when steelmakers told distributors they would increase prices by 10%.According to market participants, an additional 5% price rise is alrea...Read More
Anaconda Mining Inc. (TSX:ANX, OTCQX:ANXGF) a production, development, and exploration Company, with mining and milling operations, in the prolific Baie Verte Mining District of Newfoundland, which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands, including those adjacent to the past producing, high-...Read More
The price range for exports of India-origin hot-rolled coil has widened, with the country's mills booking shipments to regions besides the traditional export outlets in Southeast Asia.The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $420-435 per tonne on Friday July 10, widening downward from last week's assessment at $430-435 per tonne.Ac...Read More