The London Metal Exchange three-month nickel price rose by 1.4% to close at $17,475 per tonne on Wednesday October 2 from $17,220 per tonne the previous day. The three-month nickel price has been buoyed by a 5,802 tonne outflow from LME approved warehouses recorded on the same day alongside a 2,964 tonne fresh cancelation. Sentiment was buoyant despite a paltry 3,774 lots changing hands by close o...Read More

Weekly Reports |Oct 01 2019It was another slow week in the uranium market, while Macquarie has dissected the demand/supply equation going forward.-Cuts on both demand and supply sides-Uranium supply surplus to continue-Activity again subsidesBy Greg PeelMacquarie Group's commodity analysts estimate global uranium demand, from power generators and investors combined, will fall -1.9% in 2019 and...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 2.Please click...Read More

A bleak outlook for downstream demand, impending backwardations in the forward curve on the London Metal Exchange and general economic uncertainty helped drive bearish sentiment and stifle spot business at Fastmarkets' recent aluminium conference in Athens.Although the Fastmarkets International Aluminium conference is typically a hub for aluminium participants to negotiate and sign contracts for t...Read More

Vancouver-based Fortuna Silver Mines said Wednesday it had closed a US$40 million bought deal financing of 4.65% convertible debentures at $1,000 apiece. The unsecured loan certificates will mature on October 31, 2024.The debentures will be convertible into shares from October 31, 2022, onwards at a conversion price of $5.00 per share, representing a conversion rate of 200 shares per principal amo...Read More

The private USA-based alternative asset management company was the only shareholder that came out against the proposed acquisition when it was first announced in June.Under its revised terms, Pala has increased the cash payment to C$4 per share, up from C$3.57, adding US$23 million (C$30 million) to the deal that created Nickel 28 Capital, which is designed to retain Cobalt 27's existing...Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") has announced the completion of functional integration to an additional 150 retailer destinations, growing revenue-generating retail integrations by more than 20% in under 30 days. Venzee continues to approach its 2019 goal of connecting to the 250 largest retailers around the world, as identified in Deloitte's...Read More

The contract has provisions for it to be extended for up to a further three years.The scope of work to be carried out by Downer under the contract is pre-strip overburden removal and Downer will use existing capital equipment.This contract will start on October 1, 2019, and replaces an existing contract which started in 2016 and expired on September 30, 2019.Downer CEO Grant Fenn said the contract...Read More

David H. Smith The people who are prepared are going to reap rewards such as they have never dreamed. We're going to have the biggest transfer of wealth in history - from the fools - to those who are prepared. - Bob MoriartyThe run up of the last few months to $1,565 gold and $19 silver has stalled out into a relatively high-level correction, giving back less than might be expected after such a...Read More

The non-profit organisation hopes to provide a necessary educational function by distributing information about useful processes, tools, courses and case histories where landuse design can improve the outcomes of mine reclamation projects.Landform design is an emerging practice that draws together civil and mining engineering, ecology, geochemistry, and other fields to reclaim mine lands. It allow...Read More

An overview of the minor metals markets and their latest price moves.Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday October 2.Key drivers A drop in the ferro-titanium price to $4.40-4.80 per kg delivered this week from $4.60-4.90 per kg last week reflects quiet consumer buying interest and only low levels of trading at lower prices. Consumers in the steel sectors have been slow to return to the market since the seasonal summer lull, both for prom...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday October 2.Key drivers A drop in the ferro-titanium price to $4.40-4.80 per kg delivered this week from $4.60-4.90 per kg last week reflects quiet consumer buying interest and only low levels of trading at lower prices. Consumers in the steel sectors have been slow to return to the market since the seasonal summer lull, both for prom...Read More

Turkish steel producers have booked more deep-sea scrap cargoes for November shipment, although prices remained fairly stable, sources said on Wednesday October 2.A long steel mill in the Marmara region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $226 per tonne and 7,000 tonnes of bonus at $231 per tonne cfr.The price was similar to that of a US cargo traded on October 1...Read More

Weak manufacturing purchasing managers' index (PMI) data out across major economies on Tuesday October 2 dampened the tone across most markets, with money rotating into havens. That said, the situation in the United States is still looking mixed - the IHS Markit manufacturing PMI edged up to 51.1, from 51, so still shows expansion, while the ISM reading fell to 47.8, from 49.1. In addition, U...Read More

The dominoes are falling all around OPEC.In three months, the 14-member group of oil exporting countries will be down to 13.No, it really shouldn't come as a shock to us.I've told you before that OPEC as we know it is dying. The cracks in the oil cartel have been showing for years, and for us it's only a matter of time before it collapsed.How could anyone NOT see this coming?One of the first red f...Read More

Champion Iron Limited (TSX: CIA) (ASX: CIA) is a producing iron development and exploration company focused on its flagship asset, the Bloom Lake iron ore property, located in Qu?(C)bec, Canada. We learned from Michael Marcotte, VP of Investor Relations for Champion Iron, that they are currently the single largest high-grade, low-contaminant iron ore pure-play producer that's listed publicly in th...Read More

Demand for flat steel products in Turkey was weak in September 2019 because of global price falls, market participants have told Fastmarkets.And local producers have now filled their order books until late November, they said on Wednesday October 2.Turkish steel prices increased on May 17 after the import duty into the United States, which had been applied at a rate of 50% in September 2018, was c...Read More

The price of steel rebar in the Southern European domestic market was stable this week but further decreases were likely because of continuing losses in the ferrous scrap market, sources told Fastmarkets on Wednesday October 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?455-465 ($496-507) per tonne on Wednesday, unchanged week...Read More

The price of steel rebar in the Northern European domestic market has moved down this week becai=used of the continuing losses in the ferrous scrap market, sources told Fastmarkets on Wednesday October 2.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?460-475 ($502-518) per tonne on Wednesday, down by ?,?10-15 per tonne from the w...Read More