A summary of base metals premiums from across the globe for the week to Tuesday March 3.Click on...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comMarch 3, 2020“He will lose the election, that’s for sure...Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead.” - Leg...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 3 that are worth another look.Chinese steel company Hebei Jingye Group will complete the acquisition of British Steel on Monday March 9, the UK steel trade union Community said on March 3.Copper concentrate treatment and refining charges (TC/RCs) rose at the end of February, having stalled in the previous week.Brazil's iron o...Read More

The S&P 500 closed up 4.6% and China's Shanghai Composite Index gained 3.15%.Futures were also pointing to a positive day on most markets.Bank of Japan governor Haruhiko Kuroda said on Monday that Japan's central bank would take necessary steps to stabilise financial markets, following a similar move by US Federal Reserve chair Jerome Powell on Friday, Reuters reported.Australia's Reserve Bank...Read More

Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM") today announced that it has entered into a definitive agreement with the shareholders of Shepherd Thermoforming & Packaging Inc., ("Shepherd") a leading thermoformer with over 35 years' experience, to acquire 100% of Shepherd and all its real estate assets for CAD$9.5 million in cash (the "Share Purchase")...Read More

A buildup of manganese ore at Chinese ports is set to escalate in the coming weeks when a jump in fresh imports adds to a spillover of material into minor ports, manganese market sources predict. Manganese ore stocks in main Chinese ports stand at 4.64-4.85 million tonnes according to Fastmarkets' latest assessment on Monday March 2, compared with 4.52-4.64 million tonnes at the end of 2019....Read More

The main priority is advancing construction of the Aripuana zinc project in Brazil, which is planned to produce 120,000 tonnes per year of zinc-equivalent comprising 70,000tpy zinc, and 50,000tpy ofRead More

Copper concentrate treatment and refining charges (TC/RCs) rose at the end of February, having stalled in the previous week. Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific came in at $66.80 per tonne / 6.68 cents per lb on Friday February 28, reaching an 11-month high. The index is up from $65.80 / 6.58 cents the week prior and $65.80 / 6.58 cents a fortnight ago. Chinese smel...Read More

Stewart Thomson, Graceland Updates 1. "He will lose the election, that's for sure...Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead." - Legendary economist Nouriel Roubini, March 2, 2020.2. Corona is the kind of crisis...Read More

By Ira EpsteinGold update, key technical supports and what to come from the corona virus:Read More

"This arbitration procedure will not affect our current operations. The amounts discussed have been paid, under protest, and are promptly related to past activities. Currently, we operate under a new contract for guarantees and investment promotion measures," said Cerro Verde in a statement.The dispute with tax agency Sunat relates to a 1998 tax stability agreement the company signed with the gove...Read More

Here are five Fastmarkets stories you might have missed on Tuesday March 3 that are worth another look.Chinese steel company Hebei Jingye Group will complete the acquisition of British Steel on Monday March 9, the UK steel trade union Community said on March 3.Copper concentrate treatment and refining charges (TC/RCs) rose at the end of February, having stalled in the previous week.Brazil's iron o...Read More

Germanium demand has surged thanks to its use in infrared thermometers for fever screening which have been installed at airports, railway stations, long-distance bus stations and ferry terminals across China as part of measures to control the spread of the novel coronavirus (2019-nCoV).Infrared optics, including heat detectors, account for about 30% of total demand for germanium, according to data...Read More

Ferrous scrap prices in Mexico edged down for five grades, while five other grades were stable, amid adjustments applied by some buyers in the week ended Friday February 28.At least one buyer in Mexico was heard applying a 200-pesos ($10.18) price cut late last week, because of a comfortable level of inventories, sources told Fastmarkets.Fastmarkets' weekly assessment for steel scrap No1 heavy mel...Read More

Turkish steel mills continued to stay away from the deep-sea scrap market on Tuesday March 3, amid firm offer prices (especially from the United States), sources told Fastmarkets.After buying at least 25 cargoes of about 750,000 tonnes in February, the mills halted purchasing activity at the beginning of last week.The most recent deep-sea transactions had put the price of Baltic Sea- and...Read More

Shindachi - a Japanese grade of busheling - is one of the cleanest and highest-yield materials in the scrap sector, but a sharp drop in prices over the last year has made the product increasingly attractive to overseas buyers.A combination of weaker demand among Japanese mills and slower buying from South Korea have left scrap market participants with the expectation that more Shindachi cargoes wo...Read More

TORONTO - Today, Greg Rickford, Minister of Energy, Northern Development and Mines, announced Ontario is investing more than $10.5 million in 28 companies that supply products and services to the mining industry. This funding will help create or retain over 180 jobs.Investments made through the Northern Ontario Heritage Fund Corporation (NOHFC) include: $1 million for Coloured Aggregates Inc. in...Read More

Share this articleTORONTO - Ontario's economic development minister has announced he is leading a mining mission to Peru and Ecuador.Vic Fedeli says the trip will focus on mining manufacturing and equipment and will expose Ontario businesses to new markets.He says Peru and Ecuador represent "an abundance of untapped potential" for Ontario suppliers to the mining industry.During Fedeli's April 13-1...Read More

After strong rallies in US equities at the start of the week that saw the Down Jones Industrial Average (DJIA) close up by 5.09%, markets are getting some comfort this morning from the prospect of easier monetary policy, which is helping them keep the negative impacts from the novel coronavirus (2019-nCoV) in the background.Most Asian equity markets are stronger this morning, but have not been as...Read More

Share this articleTORONTO - Ontario has signed agreements with two Indigenous communities in a move the government says is a step forward in its plans to build road access to the Ring of Fire region.Premier Doug Ford announced the new deals with the Marten Falls First Nation and Webequie First Nation at a mining conference in Toronto on Monday.The previous Liberal government had signed deals wi...Read More