Turkish steel producers continued to replenish low stock levels by booking more deep-sea scrap at firm prices, sources told Fastmarkets on Thursday March 7.A steel mill in the Marmara region booked a US cargo comprising 32,000 tonnes of HMS 1&2 (80:20) at $322 per tonne, 5,000 tonnes of shredded at $327 per tonne and 3,000 tonnes of bonus at $332 per tonne cfr.This was...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 100,000 tonnes of 65% Fe Iron Ore Carajas, traded at $99.70 per tonne cfr China, laycan February 27-March 8.BHP, Global Ore, 80,000 tonnes of 62% Fe Jimblebar fines, traded at...Read More

Iron ore prices rose on Thursday March 7 in line with futures market gains following data releases showing a decline in steel inventories in the market. MB 62% Fe Iron Ore Index: $87.61 per tonne cfr Qingdao, up $0.56 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.01 per tonne cfr Qingdao, up $0.56 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $90.01 per tonne cfr Qingdao, up $0.93 per ton...Read More

The seaborne coking coal spot market moved sideways on March 7 following trades that concluded at similar levels compared with previous trades in the week.A cargo of premium mid-vol hard coking coal cargo changed hands at $210.75 per tonne fob Australia, up $0.75 per tonne from a similar cargo that traded earlier in the week, sources said.Meanwhile, there was talk in the market that rail operation...Read More

Domestic stainless steel prices in China maintained their upward trend over the past week on higher nickel prices and strengthening demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,100-15,500 yuan ($2,249-2,309) per tonne including value-added tax for the week ended Wednesday February March 6, up 400 yuan per tonne fr...Read More

Base metals prices on the Shanghai Futures Exchange dipped slightly during morning trading on Thursday March 7, with nickel leading the losses. However, copper bucked the trend amid a positive outlook for the red metal.SHFE base metals prices showed slight losses this morning, pressured by the stronger dollar, which was at 96.86 this morning at 10.20am Shanghai time.This compares with the dol...Read More

Global zinc premiums have been little changed over the past week with a worsening Chinese import arbitrage distorting the marketplace for the world's largest base metals consumer, Fastmarkets heard on Wednesday March 6. European zinc premiums near October 2010 lowUS markets stable with lead and zinc demand healthyChinese markets suffering from arbitrage window. Northern European zinc premiums stay...Read More

South African state power utility Eskom has received approval for power price increases of 22.7% over the next three years, and on the same day warned of a high risk of load shedding.Eskom, which has 420 billion rand ($29.53 billion) of debt, can increase electricity prices by 9.41% in 2019/20 and by 8.1% and 5.2% respectively in the two subsequent years, according to a decision by South African e...Read More

Stagnant spot activity continued to weigh on the cobalt sulfate price in China, with spot offer prices marching lower in the mid-week assessment on Wednesday March 6 amid persistent selling pressure. Fastmarkets assessed the Chinese cobalt sulfate, basis 20.5% Co market price at 57,000-60,000 yuan ($8,491-8,938) per tonne on March 6, down by 3,000-4,000 yuan per tonne or 5.6% from 60,000-64,000 yu...Read More

Fastmarkets summarizes six hot topics that will likely dominate discussions during the 20th Asian Ferro-alloys Conference in Hong Kong on March 10-12.What might weigh on the minor metals markets in 2019? This year's conference kicks off on Sunday March 10 with a minor metals briefing day, and no doubt participants in those respective markets will be eager to discuss whether stocks of metals such a...Read More

First Vanadium (TSXV: FVAN; US-OTC: FVANF) has calculated a new and improved resource estimate for its 4.6 sq. km Carlin vanadium project, 10 km south of Elko, Nevada. The project lies in the Carlin gold trend, a 20-minute drive from the town of Carlin.The new resource estimate replaces and upgrades one from 2010.The project now contains 24.16 million indicated tonnes grading 0.615% V2O5 for 303 m...Read More

Sign up at http://www.freedomfortommy.com so I can contact you when I eventually get deleted.Hope to see you at The Royal Courts of Justice, The Strand, London WC2A 2LL. Friday March 22nd where together we can make a stand against this corrupt establishment.Read More

The recent rally showed quite a bit of promise.Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average.GDX and GDXJ looked to be on their way to $25 and $37, with Gold approaching $1360/oz and those breadth figures on the way to hitting 90%.However...Read More

Silver has drifted lower since the start of 2019, losing almost 3% as it followed gold lower, while the uncertainty gripping financial markets which propped up precious metals in late 2018 and into 2019 has subsided. Despite this weakness, many silver miners — as evidenced by the Global X Silver Miners ETF gaining 3% for the year to date — haven't fallen sharply in value. This can be a...Read More

The recent rally showed quite a bit of promise.Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average.GDX and GDXJ looked to be on their way to $25 and $37, with Gold approaching $1360/oz and those breadth figures on the way to hitting 90%.However...Read More

While some of the big miners were promoting messages of female empowerment for International Women's Day, the numbers show they fall well behind other global businesses in representation at the top.Only BHP beats the 29% average for FTSE 100 companies' proportion of female directors (non-executive or executive), with a third of its nine-member board women. The Big Australian also recently pro...Read More

Bob Moriarty ArchivesMar 8, 2019Quaterra Resources (QTA-V) owns the site of the oldAnaconda Copper Mine near Yerington in Nevada just outside of Reno. Part of the deposit, the MacArthur deposit, contains over 1.6 billion pounds of inexpensive and easy to process oxide copper. It could be put into production for about $233 million. A 2012 PES believed there would be a cash cost of $1.89 a pound and...Read More

There was no change to the composition of miners in the ASX 100 or 200, but five miners were added to the ASX 300.They were growing gold miners Ramelius Resources and Silver Lake Resources, high-grade producer Mount Gibson Iron, uranium play Paladin Energy and contractor Macmahon Holdings.Paladin was also added to the All Ordinaries.Also making the All Ords was newly listed Coronado Global Resourc...Read More

Scrap battery cathode materialAmerican Manganese Inc. [AMY-TSXV; AMYZF-OTCPINK] said Friday March 8 that it continues to process cathode scraps through the company's lithium-ion battery recycling pilot plant.Using the company's patent-approved process, the scraps underwent separation and leach operations, yielding a pregnant leach solution (PLS) containing cathode metals (cobalt, lithium, nickel...Read More

An underground driller at work at the now closed Max molybdenum mine near Trout Lake, British Columbia. Note the veins of massive molybdenite. Photo Courtesy Roca Mines Inc.Cameo Cobalt Corp. [CRU-TSX; CRUUF-OTC; SY7N-FWB] shares were active Thursday March 7after the company said it had closed the previously announced acquisition of the Max Mine and Willa properties. Both are located in British Co...Read More