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
The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More
Precious gemstones miner Gemfields (LSE: GEM) is stepping up efforts to market its emeralds and rubies in China after a report highlighted the "huge potential" for ethically sourced gems in the Chinese market.Based on research among gemstone owners across China, Gemstone says there is an opportunity to meet Chinese consumers' growing expectations of corporate responsibility and sustainability.The...Read More
Harte Gold (TSX: HRT) is back on track at its Sugar Zone mine in White River, Ontario. After restarting mining at the end of July and milling in early August, following a temporary shutdown at the end of March, the operation generated 3,200 oz. gold last month, in line with the record monthly output prior to the temporary shutdown.The mill has consistently operated at, or over, 800 tonnes per day...Read More
Struggling Petra Diamonds (LSE:PDL), which put itself up for sale in June, is facing allegations of human rights abuses by the security guards at its Williamson mine in Tanzania.The South African company said that UK-based law firm Leigh Day had filed claims in the High Court of England on behalf of 32 anonymous individuals. The accusations against Petra and the mine operator Williamson Diamond...Read More
Six months is an eternity in politics, but that's how long it's been since the Ontario government made a series of announcements at this year's Prospectors and Developers Association of Canada (PDAC) convention in Toronto, which were intended to show the province's support for the mining sector.Shortly after PDAC wrapped up, however, the provincial government found itself dealing with Covid-19. Th...Read More
Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684 million due to a 31% increase in gold prices.Read full newsRead More
The alliance has begun sampling around Sanru, Japan Gold's largest project, located on Hokkaido island.Read full newsRead More
The alliance has begun sampling around Sanru, Japan Gold's largest project, located on Hokkaido island.Read full newsRead More
When it comes to capital markets, there are few more experienced to...Read full newsRead More
"Dad, someone just FLEW a car into the yard!"Those were the words my son used to wake me up Monday morning. I quickly tossed on a t-shirt and ran outside to make sure nobody was injured. What happened next was something out of a bad action movie.Of course, with my son being eight years old, I didn't take the word "fly" as literally as I should have. I assumed that someone had jumped the curb and p...Read More
Sep 10, 2020 Guest(s): Alex Mashinsky CEO, Celsius Network David Barse Founder & CEO, XOUT Capital In today's macroeconomic environment, investors are looking for both safe haven assets and ways to grow wealth. Two investors, Alex Mashinsky, CEO of Celsius Network, and David Barse, CEO of XOUT Capital, discuss different approaches to achieving those goals.Barse sees value in equities right now,...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
The three-month price of copper on the London Metal Exchange was the poorest performer at the close of trading on Thursday September 10, failing to capitalize on an early-afternoon spike above $6,700 per tonne in a 1.4% daily decline, while continued volatility in global equity markets left investors cautious about commodity exposure.Copper's outright price on the LME closed at $6,668.50 per tonne...Read More
The three-month copper price was the standout underperformer during morning trading on Thursday September 10, after a complex-wide sell-off emerged during the Asian trading session, while LME nickel futures continued to correct firmly below the $15,000-per-tonne threshold. Copper's outright price on the LME was recently seen at $6,637 per tonne, down by more than 1.7% from Wednesday's closing pric...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 10 that are worth another look.Russia's Severstal is running a modernization program at its Cherepovets steelmaking facility, which - though it may lead to short-term production cuts - will help it raise its annual steel output by 1 million tonnes by...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Wednesday September 9.Key drivers Manganese flake price continued to gain strength, with constant increases since August 21 following higher offers from China. These offers from producers were supported by strong domestic demand and by the rise in value of the yuan against the dollar, which meant that buyer...Read More
Shares in TRQ slumped by 22% on Thursday morning after Rio said a TRQ rights issue would be needed to close the funding gap for its expansion of the Oyu Tolgoi copper mine in Mongolia.Read More
Hebei Steel, China's second-largest steel mill, has finalized its purchase price for September-delivery silico-manganese at 6,330 yuan ($925) per tonne, market participants told Fastmarkets on Thursday September 10.The latest price is 130 yuan per tonne higher than the purchase price of 6,200 yuan per tonne for August-delivery cargoes.The price from Hebei Steel, which is for cargoes delivered to w...Read More