Joint venture partners AngloGold Ashanti (JSE:ANG) (NYSE:AU) and Independence Group (IGO) have approved a $79.3 million underground expansion at their Tropicana gold mine in Western Australia.The project, dubbed the Boston Shaker, is expected to contribute higher-grade mill feed, resulting in an improved gold production profile and enhanced cash flow.Once the underground portion is operative,...Read More

Now Sibanye will wind down Driefontein's operations within 10 years, with plans to cut thousands of jobs as it shuts unprofitable shafts.South Africa's gold industry employs just over 100,000 people, less than a fifth of the number that used to drive the apartheid economy.With most of the nation'Read full newsRead More

Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has entered into a letter of intent with Puriflor Enterprise Inc. ("Puriflor") regarding Puriflor's acquisition of an extraction and processing facility, and the formation of a joint venture between Quadron and Puriflor, whereby Quadron will acquire a one third interest in the Pu...Read More

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined after the U.S. trade deficit fell more than expected but Wall Street's worries about a U.S. recession remained. Lennar Corp. (LEN)  climbed 3.9% even after the homebuilder reported weaker-than-expected first-quarter earnings. Centene (CNC)  fell 5% after it said it would acquire smalle...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 27. Please click...Read More

Aluminium's three-month price on the London Metal Exchange was up by 1.3% at the close of trading on Wednesday March 27, closing once again at more than $1,900 per tonne although the volumes traded remained moderate, topping the complex at just over 12,000 lots changing hands.The light metal's three-month price fell to less than $1,900 per tonne at Tuesday's close, after trading above that mark si...Read More

Improving end-user demand boosted the US premium for 4x4 nickel cut cathode in the week ended Tuesday March 26, but European market participants were bearish leading to a flat market, and China was quiet due to a closed import window. US cut cathode premium moves up again European traders deterred by LME nickel contango China's trade mostly domestic, partly to avail of recent tax cuts U...Read More

There was a point in the early 1990s when lunchtime London wine tipplers above a certain pay-grade would boast of being in the ABC club: "anything but Chardonnay." Now it seems central bank reserve managers have founded a rather less bibulous fraternity of their own, the ABD club: "anything but (U.S.) dollars." A snobbish revulsion to a grape that produces the finest white burgundies was larg...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday March 27 that are worth another look.The new London Metal Exchange cash-settled alumina contract will help the exchange to retain its top spot as the global reference for the aluminium industry, according to LME business development analyst Antonio Masiero. While the market moves away from pricing alumina as a percentage of th...Read More

The alumina market could move into a surplus once Norsk Hydro's Alunorte refinery in Brazil increases its capacity and market tightness is alleviated, according to research by Fastmarkets analysts.The refinery, in Brazil's northern state of Par??, has been operating at 50% of its annual capacity since March 2018 due to environmental issues, but could reach 75-80% of capacity within two months of r...Read More

The new London Metal Exchange cash-settled alumina contract will help the exchange to retain its top spot as the global reference for the aluminium industry, according to LME business development analyst Antonio Masiero.Speaking at the Fastmarkets Bauxite & Alumina Conference in Miami on Wednesday March 27, Masiero said that, while the market moves away from pricing alumina as a percentage of the...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

China's new energy vehicle (NEV) subsidies in 2019 will only be payable for electric vehicles with higher driving range and energy density, while the value of the subsidy will be reduced by 50% to a maximum of 25,000 yuan ($3,725) per vehicle produced. China's Ministry of Industry and Information Technology (MIIT) released the new subsidy policy for 2019 on Tuesday March 26, which shows another re...Read More

The Turkish steel producers returned to the deep-sea scrap markets in the middle of this week and booked four cargoes, sources said on Wednesday March 27.A steel mill in Northern Turkey booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (95:5) at $328 per tonne, 15,000 tonnes of shredded at $331 per tonne and 3,000 tonnes of bonus at $335 per tonne cfr.Another steel mill in the Marmara region...Read More

Chinese industrial profits were down by 14% in January-February compared with a year ago, marking the biggest fall since 2011. The data paints a worrying picture while the negative economic impact from China's deleveraging activities in 2018, as well the bitter US-China trade war, continue to take a heavy toll on major industrial sectors.The overnight release of this data put base metals prices un...Read More

The Wednesday Market Minute Global stocks edge cautiously higher, with bond market movements dictating sentiment, as investors growing increasingly concerned over weak U.S. economic data.U.S. Treasury curve remains inverted between 3-month bills and 10-year notes after tipping for the first time since 2007 last week.U.K. Prime Minister Theresa May could announce a date for her departure later to...Read More

China's new energy vehicle (NEV) subsidies in 2019 will only be payable for electric vehicles with higher driving range and energy density, while the value of the subsidy will be reduced by 50% to a maximum of 25,000 yuan ($3,725) per vehicle produced. China's Ministry of Industry and Information Technology (MIIT) released the new subsidy policy for 2019 on Tuesday March 26, which shows another re...Read More

Domestic prices for hot-rolled coil (HRC) dropped in Southern Europe due to slow trading, sources told Fastmarkets. Fastmarkets' weekly price assessment for domestic HRC in Southern Europe was ?,?460-480 ($520-542) per tonne ex-works on Wednesday March 27, down from ?,?480-490 per tonne ex-works a week earlier. Italian steelmakers were reported to offer HRC at ?,?460-465 per tonne ex-works to...Read More

China's hot-rolled coil prices dipped on Wednesday March 27 amid subdued sentiment, with market participants expecting supply to pick up with the lifting of winter production restrictions in April.DomesticEastern China (Shanghai): 3,850-3,860 yuan ($573-575) per tonne, narrowing downward 10 yuan per tonneNorthern China (Tianjin): 3,790-3,800 yuan per tonne, down 10 yuan per tonneTrading activity w...Read More

Export prices for Chinese steel plate remained flat over the week ended Tuesday March 26, with offer prices changing slightly but few buyers making bids.Fastmarkets MB's export price assessment for May shipments of commercial-grade, chromium-added plate was $545-550 per tonne fob on March 26, unchanged from the preceding week.Hebei Puyang Iron & Steel continued to offer material at $550-555 per to...Read More