China domestic rebar prices continued to decline on Wednesday April 1 amid a weakening futures market, which sapped buying interest. Eastern China (Shanghai): 3,390-3,420 yuan ($478-482) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,330-3,370 yuan per tonne, widened downward by 10 yuan per tonne Domestic prices in eastern China have fallen by 80 yuan per tonne over the first...Read More
China's domestic hot-rolled coil prices tumbled on Wednesday April 1 amid thin trading, which forced mills to lower their export offers to avoid bigger losses.DomesticEastern China (Shanghai): 3,220-3,240 yuan ($454-457) per tonne, down 50-60 yuan per tonneNorthern China (Tangshan): 3,200-3,210 yuan per tonne, down 40-50 yuan per tonneA Shanghai-based trader said trading activity during the day wa...Read More
Three-month base metals prices on the London Metal Exchange were capped during the morning session on Wednesday April 1, with the previous day's gains wiped out after a brief rally precipitated by positive data from China and month-end book squaring abruptly halted."Despite the release of better-than-expected data from China, the LME three-month base metals prices have started the new trading mont...Read More
A summary of China's largest vanadium producer, Pangang Vanadium & Titanium Co's, annual report in 2019. In brief The Shenzhen-listed company's net profits in 2019 were around 1.42 billion yuan ($200 million), a year-on-year drop of 54.08% or 1.67 billion yuan. ...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 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
The latest forecasts from Fastmarkets' team of analysts are ready to view.Having first hit Asia during early 2020, the Covid-19 viral outbreak is now having an even bigger impact on European countries and the US. Widespread lockdown measures have been put in place on people and industry, and economic activity has slowed markedly.For now, stainless steel markets in Europe and the US are yet to show...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.This month's key ferro-alloy forecast highlights:While the ferro-alloy industry's initial response to the Covid-19 outbreak was marked by rising prices primarily in response to supply-side concerns, focus has now shifted somewhat. As Chinese activity slowly returns to more normal levels, for alloys with a strong Chinese produ...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
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe ESG bar has just been raised... Who will get over it?SPONSOREDstrategia worldwideDay eight of self-isolation: not completely mental, but my socks have never been so neatly sorted.Read More
Over the last month, Orla Mining (TSX: OLA) has completed two deals that help pave the way for developing its Camino Rojo gold project in Mexico's Zacatecas state, 50 km southeast of Newmont's (NYSE: NEM) Penasquito mine.On March 26, the company unveiled a $75 million bought deal financing (36.6 million common shares at $2.05 per share). Newmont and Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said th...Read More
Rockcliff Metals (CSE: RCLF) has released an updated resource for its wholly owned Rail deposit in central Manitoba, doubling both the total resource tonnes and contained copper-equivalent metal at the 20-sq.-km property.The deposit's indicated resources have increased to 1.17 million tonnes grading 3.52% copper-equivalent for a total of 90.7 million lb. contained copper-equivalent metal, compared...Read More
Following the declaration of emergency on March 17 under the Emergency Management and Civil Protection Act in Ontario due to the COVID-19 pandemic, the ability of holders of unpatented mining claims to perform assessment work required under the Mining Act in Ontario will be difficult or impossible until the government ordered social distancing measures have been lifted.Although the Ministry of Ene...Read More
Luminex Resources (TSXV: LR) has unveiled a maiden resource for its Camp deposit, part of its Condor project in southeastern Ecuador, of 11.9 million inferred tonnes grading 2.95 grams gold equivalent per tonne for 1.1 million gold-equivalent ounces.Camp contains the highest grade gold mineralization of five deposits Luminex has outlined at Condor. At a 1.5 grams gold-equivalent per tonne cutoff g...Read More
South Africa's stock market is set for its worst quarter on record as the coronavirus ravages global equities, but gold miners are at least shining amid the gloom.Read full newsRead More
March 31, 2020 (ACCESSWIRE via COMTEX) --VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / First Mining Gold Corp. (Read full newsRead More
South Africa's stock market is set for its worst quarter on record as the coronavirus ravages global equities, but gold miners are at least shining amid the gloom.Read full newsRead More
Analysts are expecting S&P 500 earnings growth to decline 5.2% in the first quarter, according to FactSet.Read full newsRead More
This article about Warren Buffett Investment Strategy was written by Gabriel Plat, a Financial Analyst at I Know First. Credit: AP Photo / Nati Harnik Successful investing takes time, discipline and patience.Price is what you pay. Value is what you get.- Warren Buffett Summary Warren Buffett investment strategy consists of identifying undervalued stocks and holding...Read full newsRead More
"...McGlone said that (#gold) will be the asset to own as the spreading #COVID pushes the global economy into...recession. He added that (it) will outperform both oil and base metalsRead full newsRead More