Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesFinancing risks can be managedSPONSOREDLong recognised as a threat to Chile's all-important copper mining industry, the challenge of supplying water to some of the driest locations on t...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe attack was believed to be by members of the Free Papua Organisation's military unit, the West Papua Liberation Army.It follows another reported fatal clash in late February.Artemis all set thanks to unique approachSPONSOREDartemis resourcesA spokesman for mine owner PT Freeport Indonesia (PT-FI) Riza Pratama told Associated Pre...Read More

Nickel premiums in China, the United States and Europe held firm in the week to Tuesday March 3, tempered by a lack of liquidity in all regions over the period.China premiums stabilized while the import arbitrage window remained firmly closedLiquidity dried up in the US - where spot trade had previously been enlivened - keeping premiums unchangedEuropean premiums held at low levels, unperturbed by...Read More

Broader markets are mixed this morning, Wednesday March 4, with markets in Asia generally weaker, while the London Metal Exchange base metals and western equities are recovering after having taken fright from the United States Federal Reserve’s rate cut on Tuesday. The US central bank’s emergency 50-basis-point rate cut led the Dow Jones Industrial Average (DJIA) to close down by 2.94% o...Read More

China's domestic hot-rolled coil prices were mixed on Wednesday March 4, with those in the northern region displaying more strength on higher demand.DomesticEastern China (Shanghai): 3,510-3,530 yuan ($503-506) per tonne, down 10 yuan per tonneNorthern China (Tangshan): 3,300 yuan per tonne, narrowing upward by 20 yuan per tonneIn Shanghai, sellers started the day on a cautious note in response to...Read More

Copper futures on the London Metal Exchange rose in morning trading on Wednesday March 4, after fresh cancellations showed up in the 09:00am stock reporting.At $5,715 per tonne, the LME three-month copper contract is up by $55 on yesterday's 7pm closing price.Some 13,125 tonnes of copper was freshly cancelled, following 17,000 tonnes on Tuesday and a 61,175-tonne inflow on Wednesday February 26.St...Read More

China's domestic rebar prices were mixed on Wednesday March 4, with those in the east of the country edging higher while those in the north moved down slightly on different trading activity.Eastern China (Shanghai): 3,420-3,440 yuan ($493-496) per tonne, narrowed upward by 20 yuan per tonne Northern China (Beijing): 3,280-3,320 yuan per tonne, down 10-20 yuan per tonneIn eastern China, some tradin...Read More

Broader markets are mixed this morning, Wednesday March 4, with markets in Asia generally weaker, while the London Metal Exchange base metals and western equities are recovering after having taken fright from the United States Federal Reserve's rate cut on Tuesday. The US central bank's emergency 50-basis-point rate cut led the Dow Jones Industrial Average (DJIA) to close down by 2.94% on Tuesday,...Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb. Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-whs Rotterdam, $/l...Read More

An overview of the minor metals markets and the reasons behind the latest price moves.Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 61 points in pre-opening trade.The Canadian Dollar is up 0.18 to U.S.74.88 cents prior to an announcement at 10:00 AM EST by the Bank of Canada on interest rate policy. Consensus is that the Bank of Canada will reduce its overnight lending rate to major Canadian Banks by at least 0.25% to 1.50%.Hewlett Packard Enterpri...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday March 4. Key drivers:  Prices move into March unchanged after four weeks, although participants report signs of renewed demand for second-quarter settlements from consumers in the steel sector.European suppliers expected to push...Read More

Production of nickel-cobalt-manganese (NCM) lithium-ion batteries at South Korean battery maker LG Chem is not being affected by supply disruptions at L&F, one of its local cathode materials suppliers, a company source told Fastmarkets."L&F is not a major supplier to LG Chem," the source said. "LG Chem's own battery cathode operations can make up for the disrupted feedstock supply at L&F."Located...Read More

The Chinese ferro-silicon price continued to fall in the week to Wednesday March 4 due to high stocks and worsening magnesium price performance. Fastmarkets' price assessment for ferro-silicon 75% Si min, in-whs China was 5,800-6,000 yuan ($837-866) per tonne on Wednesday, down by 7.6% at the midpoint from 6,300-6,400 in the previous week. "The price has fallen back to where it was before the...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 economics team at Bank of America has cut its 2020 global growth forecast to 2.8% "while also factoring in a mini recession.""Logistics and supply chains remain an issue, without normalisation, multipliers from fiscal/monetary stimulus would be low," Bank of America said in a March 3 research note.The outbreak of the coronavirus - now called Covid-19 - has had a "pronounced impact." For mined...Read More

Days after announcing a $110-million all-share acquisition of Balmoral Resources (TSX: BAR) to expand the Fenelon project in Quebec, Wallbridge Mining (TSX: WM) has released drill results from its portion of Fenelon, which expand the mineralized zones and suggest additional mineralization in the hangingwall.The high-grade portion of the Tabasco zone has now been traced over 500 metres of strike...Read More

Rio Tinto's (NYSE: RIO; LSE: RIO) new carbon emissions reduction targets have triggered heated criticism from some investors and environmental groups, with a group led by a Friends of the Earth's subsidiary tabling a shareholder motion to improve what it calls "weak" climate goals.The world's second-largest miner last week vowed to spend US$1 billion over the next five years to reduce its carbon f...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesFinancing risks can be managedSPONSOREDAs now seems to be the form each week, here's my little comment on Covid-19 before I venture into my usual irrelevant tangent.Read More

World Platinum Investment Council says that surplus will rise to 119,000 ounces in 2020.Read full newsRead More