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...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. Read More
The recovery in manganese alloys prices in Europe in the past week or two may have limited space to move higher in the near term due to depressed end-user steel demand in the automotive and construction sectors, according to trade sources and available industry data. Until the past week or two, manganese alloys prices in Europe had been trending downward since late April due to the effects that na...Read More
This week's episode features a special Thought Leadership segment with Deloitte's Henry Stoch, National Leader of Sustainability and Climate Change Canada, and Andrew Swart, Global and Canadian Leader of Mining & Metals. Henry and Andrew have a cutting edge conversation on the broader trends in ESG, including the fast pace of change, moving beyond 'greenwashing', and the new realities facing moder...Read More
Teranga Gold (TSX: TGZ; US-OTC: TGCDF) has updated the mineral resource estimate for its wholly-owned Golden Hill project in the central part of West Africa's Hounde Greenstone Belt in southwestern Burkina Faso.The project is surrounded by several gold discoveries, including Perenti Global's Siou, Endeavour Mining's (TSX: EDV) Hounde, which is contiguous with Golden Hill, and the high-grade Yara...Read More
Following its acquisition of a 70% stake in the Red Chris copper-gold mine in British Columbia last year, Australia's largest listed gold miner, Newcrest Mining (ASX: NCM), will begin trading on the Toronto Stock Exchange on Oct. 13.Sandeep Biswas, Newcrest's managing director, said that the listing is part of the company's growth strategy in North America, which already accounts for 32% of its sh...Read More
Russian precious metals producer Polymetal (LSE: POLY) is going ahead with its US$80 million Kutyn gold project, which is expected to offset declining volumes from the company's nearby Albazino mine.Pre-stripping at Kutyn, located in the Khabarovsk Territory in Far East Russia, will start in the third quarter of 2021, with first ore set to be mined in 2022.The company is targeting first gold produ...Read More
Australia's Northern Star Resources (ASX: NST) is buying smaller peer Saracen Mineral Holdings (ASX: SAR) in a deal that will create an A$16 billion (US$11.5 billion) gold giant, the world's eighth-largest gold miner by market value.The A$5.76 billion (US$4.14 billion) merger comes amid record high gold prices - above US$2,000 per oz. for the first time in August - brought on by investors rushing...Read More
A rare, flawless 102-carat white diamond found at the now closed Victor mine in Canada, has sold for US$15.7 million (HK$122 million), a record price in an online auction.The small egg-size diamond was cut from a larger 271-carat rough, found in 2018, and then cut and polished for more than a year.The bidding on the stone began in an online auction in September, culminating with an in-person aucti...Read More
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Here are five Fastmarkets stories you might have missed on Wednesday October 7 that are worth another look.Brazilian vehicle production fell by 11% in September 2020 compared with the corresponding month a year before, with producers increasing supply from April lows at a slow pace in order to prevent inventories from rising...Read More
Global tin premiums in the week to Tuesday October 6 were unchanged, supported by a persistent contango across the London Metal Exchange benchmark cash/three-month spread for tin, while a steady uptick in Chinese buying interest saw European sellers take a closer look at arbitrage opportunities against a static domestic market.China's buying activity attracts European sellersCash/3-month spread ho...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday October 7, up by just over 2% during the afternoon trading session, while doubts over an economic recovery package in the United States have put little pressure on a broadly positive LME base metals complex.Copper's outright price on the LME closed at $6,679 per tonne on Wednesday afternoon...Read More
Jack ChanPosted Oct 7, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal. Short-term signals can last for days and weeks and are more suitable for traders.COT data favors overall lower gold prices.COT data favors overall lower silver prices.Our ratio remains on a SELL signal.USD...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 7 that are worth another look.Brazilian vehicle production fell by 11% in September 2020 compared with the corresponding month a year before, with producers increasing supply from April lows at a slow pace in order to prevent inventories from rising...Read More
Fastmarkets opened a consultation on September 4, 2020, inviting feedback on its non-ferrous methodology in line with our annual methodology review process. The consultation sought to ensure that our methodology continues to reflect the physical market in base metals, minor metals, ores and alloys. This includes all elements of our pricing process, our price specifications and publication fre...Read More