The Turkish steel producers have resumed their deep-sea scrap purchases for September shipments at higher prices, market sources told Fastmarkets on Wednesday September 2.After booking six deep-sea cargoes totaling around 220,000 tonnes last week, the mills in Turkey stopped their scrap purchases on August 26.But two steel mills came to the market and paid higher prices for fresh deep-sea cargoes...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSupported by Ashanti Capital, Tribeca Investment Partners, Terra Capital, Regal Funds Management, LIM Advisors and Metal Tiger, the company was created to fill a niche not served by the precious metals royalty companies."My colleagues on the board and management team have a background in private equity, where it is common to tack a...Read More
Prices for cargoes of H2-grade heavy scrap exported from Japan hit a ceiling over the past week amid static levels of demand from South Korea and Taiwan, sources told Fastmarkets on Wednesday September 2.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?27,500-28,500 ($260-269) per tonne on Wednesday, unchanged week on week. But it followed two weeks of consecuti...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesUnderground development at Kakula, the first mine planned at the Kamoa-Kakula joint venture project in the Democratic Republic of Congo, was 6km ahead of schedule, Ivanhoe said yesterday.Kakula's initial mining rate is currently forecast at 3.8 million tonnes per annum at an average feed grade "well in excess of 6% copper" over the...Read More
Iron ore prices gained ground on Wednesday September 2 in line with China's downstream steel futures price performance due to strong demand expectations for September and October, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.31 per tonne, up $2.65 per tonne 62% Fe low-alumina fines, cfr Qingdao: $127.90 per tonne, up $2.80 per tonne 58% Fe fines high-grade premium, cf...Read More
Seaborne prices across the board were stable on Wednesday September 2 due to a lack of transactions in the day, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.10 per tonne, up $0.03 per tonne Premium hard coking coal, cfr Jingtang: $114.44 per tonne, down $0.05 per tonneHard coking coal, fob DBCT: $85.76 per tonne, unchangedHard coking coal, cfr Jingtang: $98....Read More
Comcast (CMCSA), an S&P 100 stock moved above $45.20 extending an intermediate uptrend. Caterpillar (CAT), a Dow Jones Industrial Average stock moved above $146.20 extending an intermediate uptrend.Microchip Technologies (MCHP), a NASDAQ 100 stock moved above $112.89 to an all-time high extending an intermediate uptrend. Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $149.32 to an a...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 2.Please click...Read More
China's domestic rebar prices were flat on Wednesday September 2 amid a drop in trading activity, with buyers snubbing sellers' higher offers.DomesticEastern China (Shanghai): 3,670-3,700 yuan ($537-542) per tonne, unchangedSeveral sellers raised their rebar offers by 10-20 yuan per tonne to 3,690-3,710 per tonne in the morning following gains in the futures market in the first half hour of tradin...Read More
China's hot-rolled coil exporters maintained their high offers on Wednesday September 2 despite a drop in trading activity in the domestic market.DomesticEastern China (Shanghai): 4,040-4,050 yuan ($592-593) yuan per tonne, narrowing downward by 20 yuan per tonneAlthough sellers in Shanghai issued offers as high as 4,070 yuan per tonne, buyers were only willing to place orders at 4,040-4,050 yuan...Read More
An overview of the minor metals markets and their latest price moves.Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb 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 standard grade, in-whs...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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...Read More
ELKO, Nevada, Sept. 2, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that it will hold electronic investor update webinars throughout September hosted by CEORoadshow. Mr. Edward Karr, Chief Executive Officer will update attendees and USAU shareholders on the outlook for the Company and will be available f...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
Markets were mixed this morning, Wednesday September 2, with base metals prices on the London Metal Exchange little changed, the dollar was firmer and Asian-Pacific equities, as well as pre-market major western equity index futures, were stronger too. The main supporting factor seems to be Tuesday's manufacturing purchasing managers' index (PMI) data that for the most part showed robust recoveries...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 2. Key drivers Tighter availability of scrap and market expectations of price increases by the end of the month have encouraged some scrap suppliers to withhold material from prompt sales to get higher prices later. A slump in aerospace production has resulted in lower scrap supplies, although that has yet to b...Read More
Prominent gold commentator John Hathaway appeared on the second day of The Northern Miner's Global Mining Symposium. In January, after 22 years at Tocqueville Asset Management, the veteran investment manager moved to Toronto-headquartered Sprott Asset Management (TSX: SII; NYSE: SII), where he is now senior portfolio manager and managing director.Hathaway spoke with Dean McPherson, head of busines...Read More
Gold prices have surged in recent months amid the uncertainty surrounding the Covid-19 pandemic and enormous monetary stimulus measures, and precious metals companies have seen their valuations benefit. Below, we provide an overview of eight industry players with exposure to gold. Caldas GoldCaldas Gold (TSXV: CGC) holds the producing Marmato gold-silver project in Colombia, as well as the Juby p...Read More
Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF) has hit high-grade gold intercepts at its O'Brien gold project in Quebec that point to the potential for a third mineralized area east of the historic mine.Highlights of drilling include 2 metres of 45.86 grams gold per tonne from 500 metres vertical depth, 2 metres of 21.29 grams gold per tonne from 260 metres depth, and 2 metres of 17.9 grams...Read More