The South African port authority is looking to reserve Durban port for the shipment of essential goods only, revoking a separate statement by the country's maritime authority to allow processing of metals cargoes during the 21-day lockdown, Fastmarkets has learned. The Transnet National Ports Authority, TNPA, insisted on April 1 that the current arrangements for usage of the busiest port in sub-Sa...Read More

Australia proved a bright spot among global markets yesterday, with the S&P/ASX 200 closing about 3.6% higher while other key indices fell.The S&P 500 closed 4.4% lower in New York and London's FTSE 100 lost 3.8%.Americans have been told they now have 30 days to "slow the spread".The country's manufacturing activity contracted less than expected in March, but disruptions caused by the pand...Read More

Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click hereCAML's operations in Kazakhstan and North Macedonia remain unaffected by the pandemic, despite confirmed cases in both countries increasing from about 20 to 350 over the...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") today announced that it has launched the next generation line of Uniden (R) cellular signal boosters, helping families and businesses improve network connectivity for work, school and entertainment purposes. The new home office line of cellular signal boosters includes the Uniden (R) U60C 4G and Unide...Read More

Here are five Fastmarkets stories you might have missed on Wednesday April 1 that are worth another look.Spain's Ministry of Industry, Trade & Tourism has finally confirmed the steel industry is considered "essential" and can continue operating, albeit at a slower pace, the Spanish steel distributors association, UAHE, said on April 1.Arconic Inc has completed its separation into two standalone co...Read More

By: Gary SavageThere are one of two ways this can go here, retest the lows soon and then followed by a sustained rally. Will depend on how countries implement covid response.Unemployment report on Friday. Market might get nervous into report, but odds are better that we don't undercut prior lows if we even do go down. The other possibility is..Recorded March 31, 2020https://blog.smartmoneytracke...Read More

Stewart Thomson, Graceland Updates 1. Gold is majestically postured now, because America's government and central bank continues to borrow, spend, and print money with surreal intensity.2. The light at the end of the tunnel is a stagflationary freight train.3. Please click here now. Double-click to enlarge. A beautiful inverse H&S bull continuation pattern is in...Read More

By: Ira EpsteinI was warning for an end of the quarter volatility as we finish out the first quarter. Can't wait for gold to get out of this pattern. This is where I am concerned..Read More

Reduction or normalization in gap between spot gold and Comex gold June futures is the prime reason for gold price to fall. Delivery uncertainties are over the immediate term. I expect physical gold to be in short supply this quarter. USA, UK and Europe are in a pathetic state of corona virus. India will soon become a largest home of corona virus, thanks to a Muslim congregation where hundreds o...Read More

South Africa's 21-day lockdown aimed at curbing the spread of the Covid-19 virus has highlighted the cobalt market's dependence on the shipping route out of Durban. South Africa entered the lockdown - initially for three weeks - on Thursday March 26, creating uncertainty over loading at ports, including Durban, which is frequently used for the shipment of Democratic Republic of the Congo-mined cob...Read More

After months of virtual inactivity, supply worries from Russia, a major exporter of ferro-titanium to Europe, have sparked upward movement in European spot prices that may trend higher in the near term, trade sources told Fastmarkets. Fastmarkets' ferro-titanium 70% Ti, max 4.5% Al, ddp Europe price jumped by more than 10% week on week on Wednesday April 1 to $4.50-5.00 per kg from $4.10-4.50...Read More

Turkish steel producers remained quiet in the deep-sea scrap import markets while suppliers were unwilling to sell at current price levels, sources said on Wednesday April 1.The mills were mostly shunning scrap purchases because of the coronavirus (Covid-19) outbreak, which brought steel trade to a halt and caused mills to close or cut production.After several steel mills in the Izmir region were...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday April 1. Key drivers  Russia, a supplier of 40% of European ferro-titanium, is on lockdown due to the Covid-19 virus pandemic until next week and it could be extended.Russian producers are considering declaring force majeure should the lockdown continue beyond a week.  Titanium scrap prices are stable...Read More

China's Caixin manufacturing purchasing managers' index (PMI) was released earlier on Wednesday April 1; it rebounded to 50.1 in March from 40.3 in February, which supports the rebound in the official PMI data released on Tuesday - another sign that purchasing managers reported conditions were just "better" in March than they were a month earlier.But the same was not true in Japan, where the final...Read More

South Africa's 21-day lockdown aimed at curbing the spread of the Covid-19 virus has highlighted the cobalt market's dependence on the shipping route out of Durban. South Africa entered the lockdown - initially for three weeks - on Thursday March 26, creating uncertainty over loading at ports, including Durban, which is frequently used for the shipment of Democratic Republic of the Congo-mined cob...Read More

Share this articleVANCOUVER - Teck Resources Ltd. says it has temporarily slowed operations and reduced its crews by up to 50 per cent at its steelmaking coal and Highland Valley Copper operations in response to the COVID-19 pandemic.The company, which also suspended its 2020 financial guidance, says the steps taken on March 25 will be in place for an initial period of two weeks and then be re-ev...Read More

Key data from the April 1 pricing session in London. Key drivers Benchmark metal prices continue to come under pressure from the spread of the Covid-19 virus, its dampening effect on the global economy and weakening demand from lockdowns on...Read More

U.S. Gold Corp. (NASDAQ: USAU) has a portfolio of exploration properties in the USA including Copper King, a PEA stage gold/copper property located in Southeast Wyoming, and Keystone and Maggie Creek -district scale exploration properties on the Cortez and Carlin Trends in Nevada. We learned from Ed Karr, who's President and CEO of U.S. Gold Corp., that the Company recently internally updated the...Read More

West Red Lake Gold Mines Inc. (CSE: RLG, OTCQB: RLGMF, FSE: HYK) has assembled a significant property position, totaling 3,100 hectares in the Red Lake Gold District, which is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold from high grade zones. There are three former gold mines on the property: the Mount Jamie Mine and Red Summit Mine properties...Read More

China will extend the new energy vehicle (NEV) purchase subsidy and purchase tax exemption policy for two years in an effort to support consumption and mitigate the impact of the Covid-19 pandemic on the economy. Yet the measures may not be sufficient to drive lithium and cobalt market development significantly in the near term, Fastmarkets heard. Chinese Premier Li Keqiang announced at a State Co...Read More