China's hot-rolled coil prices maintained their strength on Monday January 21, particularly those in the export market, amid a drop in supply coupled with an improvement in sentiment.DomesticEastern China (Shanghai): 3,660-3,680 yuan ($540-543) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, widening downward by 10 yuan per tonnePrices were largely stable natio...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...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, Global Ore, 96,000 tonnes of 65%...Read More
Physical iron ore prices continued to advance on Monday January 21 after exceeding $75 per tonne cfr last Friday, following gains in the futures and rebar markets.MB 62% Fe Iron Ore Index: $75.90 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Pilbara Blend Fines Index: $76.74 per tonne cfr Qingdao, up $0.20 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $77.14 per tonne cfr Qingdao, up $0....Read More
The seaborne coking coal market had a quiet start to the week, with many participants holding out for more transactions to emerge to set the tone for prices.Some 25,000 tonnes of a premium mid-vol product were traded at $193 per tonne fob Australia, market sources told Fastmarkets on Monday January 21. Chinese market participants are taking a break from procuring seaborne materials because "we are...Read More
The seaborne iron ore concentrate and pellet markets were little changed in the week ending Friday January 18, mainly due to limited buying activity in China.ConcentratesThe weekly MB 66% Fe Iron Ore Concentrate Index stood at $92.89 per tonne cfr China last Friday, up by $0.25 per tonne from January 11.The daily MB 65% Fe Iron Ore Index averaged $88.34 per tonne cfr China last week, compared with...Read More
China's ferrous futures largely declined during morning trading on Monday January 21 amid the release of industrial data by the National Bureau of Statistics (NBS). Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,644 yuan ($538) per tonne, down 9 yuan per tonneJanuary hot-rolled coil: 3,520 yuan per tonne, down 5 yuan per tonneDalian Commodity Exchange January iron...Read More
The upward momentum in China's rebar market strengthened on Monday January 21 with sellers being under less pressure to cut their inventories.Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($546-552) per tonne, up 20-30 yuan per tonneNorthern China (Beijing): 3,670-3,700 yuan per tonne, up 40 yuan per tonneRebar futures posted gradual increases over the last few days on positive macroeconomic...Read More
Key data from the pricing sessions in London and Shanghai on Friday January 18. Europe Grade 441and grade 553 silicon prices in Europe remained unchanged on thin inquiries and sufficient material availability. The market was quiet overall, reinforced by the week-long public holiday in China (February 4-10). Trading was slow during much of the week, with very little spot business conclu...Read More
The global antimony market traded lower in the week ended Friday January 18 with weak demand continuing to weigh on prices.In Europe, Fastmarkets' price assessment for trioxide-grade antimony, in-warehouse Rotterdam, moved down to $7,800-8,000 per tonne on Wednesday January 16 from the previous week's assessment of $7,900-8,100 per tonne and remained unchanged on Friday January 18. Meanwhile, the...Read More
Key data from the January 18 pricing session in Shanghai. Key drivers - Tight supply of magnesium in China's domestic market.- Growing expectations of coal shortage following an accident at a mine on January 12 in Shaanxi province, one of China's coal production hubs. The mine remains closed after the incident.- Tight...Read More
Serial mine builder and financier Stephen Roman cut his teeth working for Denison Mines (TSX: DML; NYSE-AM: DNN), the uranium company built by his father.After starting there as a miner at the age of 19, he spent the next 25 years at the uranium producer before striking out on his own in 1990-1991.Roman went on to develop several gold projects - the most recent being Harte Gold's (TSX: HRT; US-OTC...Read More
What happens when a famous song from the Movie Frozen is turned into Malay!@markodea8 @cassidylacremeDon't forget to subscribe for more gila videos!Read More
The second half of 2018 was a difficult period for silver investors and miners. After recovering from a long-term bear market in late 2016, the white metal plunged to under US$14 during November 2018 and has barely recovered to now be trading at just over US$15 an ounce. While the outlook for silver remains stagnant, meaning that major primary silver miners are incapable of unlocking significant v...Read More
Weekly Reports |Jan 22 2019Uranium market participants were left frustrated last week when US government officials failed to provide a section 232 update.-Uranium spot price unchanged-No update on section 232-Utility demand evidentBy Greg PeelWelcome to the first FNArena Uranium Week report for 2019.We left 2018, just before Christmas, noting that activity in uranium markets typically slows to a c...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJanuary 22, 2019 Is the price correction in gold already over? Please click here now. Double-click to enlarge.I told investors to prepare for a modest and healthy correction from the $1300 area, and that’s happened. Gold hasn’t even reached the first Fibonacci retracement lin...Read More
The Newmont/Goldcorp merger is the second mega-deal in the industry after Barrick acquired RandGold in September. Without question, the two deals reflect the growing need for large gold and silver mining companies to replace reserves, which are being depleted at these two companies more quickly than they are being replenished. The deal will give Newmont access to Goldcorp's portfolio of developing...Read More
Drilling operations on Allegiant Gold's Eastside gold property near Tonopah, Nevada. Source: Allegiant Gold Ltd.Allegiant Gold Ltd. [AUAU-TSXV; AUXXF-OTCQX] said Tuesday January 22 that it has optioned out three U.S. projects in a move to cut costs and allow the company to focus on six projects that are slated for near-term drilling."With our focus in the foreseeable future clearly dedicated to ou...Read More
Diamond drilling on Tasca's Poplar Project near Houston, British Colombia. Photo courtesy Tasca Resources Ltd.Tasca Resources Ltd. [TAC-TSXV; ECMXF-OTC; 3TA-FSE] emerged as the volume leader on the TSX Venture Exchange Tuesday January 22 after the company reported results from diamond drilling at its Poplar copper project located southwest of Houston, British Columbia.Investors responded by sendin...Read More