Key data from Fastmarkets' pricing session in Europe on Wednesday December 4.Key drivers The scrap markets were down in the past week, with supply offer prices dropping against slowing demand in the run-up to year-end holidays. Metals producers typically run down their feedstocks in December, a time usually set aside for book-squaring, banking profits and settling accounts. The alloy market...Read More
Glencore has signed a six-year deal to supply cobalt hydroxide to South Korea-based electric vehicle (EV) battery maker SK Innovation, the Swiss miner-trader announced on Wednesday December 4.SK Innovation will purchase up to 30,000 tonnes of cobalt contained in hydroxide between 2020 and 2025. "This newly established partnership demonstrates the continuation of Glencore's cobalt hydroxide marketi...Read More
The Chinese government has approved a seventh round of copper scrap import quotas for this year at lower volumes compared with the previous batch, Fastmarkets has learned. The most recent quota has been set at 7,970 tonnes, the environment ministry said on Tuesday December 3. This is down by 28.3% from 11,110 tonnes issued in the sixth round of approvals last month. The latest quota brings th...Read More
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON: GLEN).The company expects to complete a prefeasibility study for a 12 tonnes per day restart scenario, as well as a second feasibility study for a 55 tonnes per day expansion in the first quarter of 2020. First Cobalt is evaluating recommissioning...Read More
Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has rejected the US$1.9 billion all-stock takeover bid from Canada's Endeavour Mining (TSX: EDV) released earlier on Tuesday, saying it did not offer enough value to the company's shareholders.Centamin also said that the terms of the offer did not adequately reflect the contribution that it would make to the merged entity, adding that the comp...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftWe all, I think - possibly secretly - enjoy a little schadenfreude from time to time.Read More
The S&P/TSX Composite Index rose 0.5% to close at 17,040.20. The S&P/TSX Global Mining Index gained 0.46% to 77, and the S&P/TSX Global Base Metals Index rose 0.34% to 102.58. The S&P/TSX Global Gold Index increased 1.12% to 243.66 and spot gold moved 0.2% higher, or US$2.90 per oz., to US$1,464 per ounce.Shares of Endeavour Mining jumped $1.42, or 5.93%, to $25.37 apiece. The company announced...Read More
The S&P/TSX Venture Composite Index gained 0.34% to 531.81. Spot gold finished at US$1,464 per oz., up 0.2%.Shares of New Pacific Metals jumped 36 ?, or 8.37%, to $4.66. The company recently announced interim financial results for the three months ended Sep. 30. Net income attributable to equity holders of the company was $1.29 million, or 1 ? per share, compared to a net loss of $752,583 or 1 ?...Read More
The Dow Jones Industrial Average rose 0.63% to 28,051.41 and the S&P 500 Index gained 0.99% to 3,140.90. Spot gold closed the trading week at US$1,464, up 0.2%.Nutrien shares gained US85 ? to US$47.72 on news that the company is increasing the number of common shares it may repurchase in a buyback program starting Dec. 2. The maximum number of shares to be repurchased increased to 42.16 million, r...Read More
Investing has transformed itself from a craft practised by people with opinions to an engineering discipline dominated by math geeks with formulas.Read full newsRead More
The holiday season is a busy, expensive, and stressful time. It's easy to lose sight of what's important, especially during the longest and darkest days of the year. That's why Public Mobile is making the holidays warmer and brighter - with free data, free international calling, and so much more. They keep customers in mind by offering Canada's largest mobile network for the lowest possible price...Read More
Brazilian miner Vale has put its 95 percent stake in its New Caledonian nickel plant up for sale following years of huge losses.Read full newsRead More
The company closed Richards Bay Minerals unit on Wednesday and paused a $463 million expansion project amid escalating violence.Read full newsRead More
Saudi Aramco's bookrunners have recommended pricing its initial public offe...Read full newsRead More
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Barrian Mining Enters Into Definitive Agreement to Acquire the Kinsley Mountain Gold Project From Liberty GoldRead full newsRead More