Here are five Fastmarkets stories you might have missed on Thursday September 17 that are worth another look.China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong....Read More

The three-month price of nickel on the London Metal Exchange was slightly higher at the close of trading on Thursday September 17, gathering momentum above the $15,000-per-tonne threshold despite continued selling pressure over the day.Meanwhile, a steady uptick in LME copper futures came at the cost of tighter forward spreads.Nickel's outright price on the LME closed at $15,084 per tonne on Thurs...Read More

A summary of Australian-Chinese miner MMG's production results for the first half year ended June 30, 2020, as well as its full-year production guidance. In brief  MMG's earnings before interest, taxes, depreciation and amortization (Ebitda) was $383.6 million in the first half this year, a drop of 41% from the corresponding period in 2019 due to lower commodity prices and sales volumes resul...Read More

Bob Moriarty ArchivesSep 17, 2020I don’t think most investors understand the extent that the well-led resource companies have cashed up in anticipation of far higher prices for gold and a renewed interest in mining by the general public. The actions of the Federal Reserve and all central banks pouring bales of $100 bills onto a bonfire pretty much guarantee the end of fiat currencies, higher...Read More

The European high- and low-carbon ferro-chrome markets strengthened on Tuesday September 15 due to a slow recovery in demand.Fastmarkets' weekly price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, was $0.85-0.97 per lb Cr on Tuesday, tightening from $0.83-0.98 per lb a week earlier."The capacity of users' production lines has been slowly coming b...Read More

Tungsten concentrate and ammonium paratungstate (APT) prices in China were stable on Wednesday September 16 after increased availability of both products in the market prevented prices from extending last week's gains.At the same time, the slowly recovering APT export market has turned quiet once more, with China-based sources reporting fewer inquiries from overseas buyers.Fastmarkets' weekly pric...Read More

Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to report additional intersections of strong radioactivity and initial chemical assays from the on-going summer drilling program at the Hurricane zone. The Hurricane zone is a recent discovery of high-grade uranium mineralization on the Company's 100% owned Larocque East property (the "Property") in the Eastern Athabasca...Read More

Here are five Fastmarkets stories you might have missed on Thursday September 17 that are worth another look.China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong....Read More

The AIM-listed company was forced to shut down its plant on Monday after around 3,000 cubic metres of tailings material leaked into a local river.Read More

China's State Reserve Bureau (SRB) is likely to use a floating price to settle its latest round of cobalt metal stockpiling, according to a market source close to the matter. The SRB sent invitations to a handful of cobalt metal producers in China for a tender on Wednesday September 9; the tender was completed during the morning of Thursday September 17, according to a market source.No concre...Read More

The Turkish steel mills have extended their absence from the deep-sea scrap markets amid weak finished long steel demand in their local market, sources said on Thursday September 17.The country's steelmakers booked seven deep-sea scrap cargoes, totalling around 230,000 tonnes, in the first half of last week before retreating from the market on September 10.The most recent transactions...Read More

The weakness in metals and equities this morning, Thursday September 17, indicates markets were taking the US Federal Open Market Committee's (FOMC) projections and comments that they will likely keep interest rates on hold through at least 2023 as suggesting there will continue to be tough times ahead in the real economy.Does this highlight the start of a reality check where markets start to focu...Read More

China's State Reserve Bureau (SRB) is likely to use a floating price to settle its latest round of cobalt metal stockpiling, according to a market source close to the matter. The SRB sent invitations to a handful of cobalt metal producers in China for a tender on Wednesday September 9; the tender was completed during the morning of Thursday September 17, according to a market source.No concre...Read More

Share this articleVANCOUVER - Mining company Teck Resources Ltd. says it is making another step on its vow to be carbon emission neutral by 2050 by signing a long-term renewable power purchase agreement for its Carmen de Andacollo copper mine in Chile.Under the agreement, the mine will source 72 megawatts (550 gigawatt-hours per year) from AES Gener's renewable portfolio of wind, solar and hydroel...Read More

Here are five Fastmarkets stories you might have missed on Thursday September 17 that are worth another look.China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong....Read More

Sales of passenger cars in Europe slumped again in August after brief signs of a revival in July, according to the latest data from the European Automotive Manufacturers Association (ACEA).In July, there were signs of a pick-up in demand with only a relatively small overall decline of 5.66% year on year following six consecutive months of double-digit decline.In August, however, the tren...Read More

I sent my niece a card with $20 in it for her birthday.She called to thank me but then delicately requested that in the future I Venmo her any birthday money as it's hard for her to buy anything with cash:This way, it goes right into my account, and I don't actually have to go out anywhere to buy something.Now, to be honest, I'm pretty sure she only spends her money on apps and weed, and apparentl...Read More

While stocks may be taking a breather today, Juliette Declercq, founder of JDI Research, has a generally upbeat outlook over the next few years. Her optimism is grounded in the notion that most global policy makers are quite happy with the Fed's game plan. There is one big risk she sees, however, and that may well be what is holding back stocks today. I really enjoyed this interview, and it is th...Read More

Reinforcing bar prices in the United States continue to drive higher due to price increases announced by domestic mills earlier this month, sources told Fastmarkets.Fastmarkets' assessment for steel rebar, fob mill US was at $29.75 per hundredweight ($595 per short ton) on Wednesday September 16, up by 1.7% from $29.25 per cwt last week and by 6.3% from $28 per cwt on September 2.Co...Read More

Imported billet prices narrowed downward in Egypt on lower offer prices over the week while local rebar prices increased, sources told Fastmarkets on Thursday September 17.No bookings were heard done during the week, however, because of the weak end-user demand in Egypt, sources said.The reason demand was slow is the weak construction activity after a construction ban was imposed in the country on...Read More