The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, traded at $75.50 per tonne cfr China, laycan February 3-12.Anglo American, tender, 170,000 tonnes of 67.7% Fe Minas Rio Blast...Read More
The seaborne coking coal spot market tumbled on Monday January 14 with supply pressures weighing on transaction prices for cargoes sold to China.A February-laycan cargo of a top Australian brand was traded around $198-199 per tonne cfr China while a shipment of premium mid-vol materials, also scheduled for loading in February, changed hands at $185 per tonne cfr China."The market is still spiralin...Read More
The seaborne iron ore concentrate and pellets markets both weakened in the week to January 11 amid lackluster demand from China.ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $92.64 per tonne cfr China last Friday, down by $0.12 per tonne from a week earlier.The daily MB 65% Fe Iron Ore Index averaged $88.24 per tonne cfr China last week, compared with an average o...Read More
China's ferrous futures, apart from the iron ore contract, had a strong start to the trading week, ending the morning session on Monday January 14 higher than their opening prices.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,559 yuan ($526) per tonne, up 25 yuan per tonne May hot rolled coil: 3,453 yuan per tonne, up 25 yuan per tonne Dalian Commodity Exchange Ma...Read More
Here are five Fastmarkets MB stories you might have missed on Monday January 14 that are worth another look.Participants in the Japanese market are deciding whether to change the benchmark price for long-term ferro-chrome contracts to China's monthly steel mill ferro-chrome tenders price from the quarterly European benchmark price, market participants told Fastmarkets. RISI and FOEX, two lead...Read More
Norway-based ferro-silicon alloy producer Elkem and UK-based Ferroglobe have reduced their silicon production by 30,000 tonnes per year and 27,000 tpy, respectively, with both quietly introducing the cuts around the year-end holiday period.Elkem began cutting its silicon output effective from Monday January 7 by temporarily reducing production by one furnace at Elkem Salten. The company joins...Read More
The antimony and gold processing facility that is being built in the Port of Sohar Free Zone in Oman by Strategic & Precious Metals Processing (SPMP) will need further capital expenditure and additional working capital, Fastmarkets heard on Monday January 14.This was due to delays to the production of first metal and to the full commissioning of the plant.Tri-Star Resources, which has a 40% stake...Read More
Much has been said of a potential increase in tellurium prices after concerns about a tellurium deficit in 2020 were raised in recent months; but despite firm demand from the solar industry, there are no clear indicators that prices will peak anytime soon due to current market dynamics. Robust solar demand The main driver of increased tellurium consumption is the growth in the cadmium telluride ph...Read More
The global antimony market was largely quiet in the week ended Friday January 11, with prices in China and Europe unchanged. In Europe, Fastmarkets' price assessment for MMTA standard grade II antimony, in-warehouse Rotterdam, was stable week on week at $7,700-7,900 per tonne on Friday. The price for trioxide-grade antimony, in-warehouse Rotterdam, was also steady at $7,900-8,100 per tonne on Frid...Read More
Newmont Mining (NYSE: NEM) will acquire all outstanding Goldcorp (TSX: G; NYSE: GG) shares in a deal that values Goldcorp at US$10 billion to create Newmont Goldcorp, the companies announced Jan. 14, 2019.Newmont Goldcorp will be the world's largest gold company by gold production, free cash flow and enterprise value, defined as market capitalization plus net debt.In 2017, the two companies produc...Read More
Watch part 1 here: https://youtu.be/iDmfHpv-WpMWant to join the TamaGang ????????? Then don't forget to subscribe and be a crack egg today!Thank you for watching ?(TM)?ig; https://www.instagram.com/omuriceuyt/twt; https://twitter.com/omuriceu_yt/sc; https://snapchat.com/add/omuriceuyti do not own the audio or clips, but i do own the editing!(bighit dont sue me)Read More
Kevin Smith is a filmmaker, actor, comedian, public speaker, comic book writer, author, and podcaster.Read More
As one of the largest uranium miners in the world, Cameco Corp (TSX:CCO)(NYSE:CCJ) draws plenty of attention from potential investors. Uranium is, after all, a commodity that is slated to see higher demand in the next few years as a growing number of countries worldwide turn back to nuclear power as a cleaner and quicker way to power booming infrastructure growth.But does this make Cameco a good i...Read More
Piss poor performance for conference host Mr. Katusa considering he charges $3495 USD a year for his subscription service. All three of his picks mentioned at the show were significantly in the red over the last year.The competition was between Marin Katusa, Frank Holmes, and Rick Rule (winner).Only 2 out of the 8 picks given finished in the green.I hope someone holds Marin and Frank accountable a...Read More
Bob Moriarty ArchivesJan 15, 2019Anaconda continues to drill their high grade Goldboro deposit. The company just announced a 78.07 g/t gold intercept over 1.1 meters. To show it wasn’t just a fluke they also reported a 32.42 g/t Au intercept over 2.6 meters. It’s a saddle reef style deposit and you can expect a lot of similar grades and intercepts.Investors yawned as the shares soared...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.com Jan 15, 2019“Some analysts believe China could deliver 2 trillion yuan ($296.21 billion) worth of cuts in taxes and fees, and allow local governments to issue another 2 trillion yuan in special bonds largely used to fund key projects.” - CNBC News, Jan 15, 2019. China’s...Read More
Barkerville Gold (BGMZF, BGM.V) is advancing it Cariboo Gold Project in British Columbia. The Cariboo Project is a district-scale, massive land package loaded with gold mineralization (over 110 gold-bearing streams on the property). Osisko Mining took operational control of the Project, with the transition beginning in mid-2015. Chairman, Sean Roosen, took the old Osisko Mining's Canadian Ma...Read More
Glencore has been hit by corruption investigations and the "high discounting of the coal and African copper business units", Bernstein analyst Paul Gait said.Read More
Rob McLeod, President and CEO of IDM Mining, shows off the 10 g/t gold mineralization underground at the Red Mountain Project, northwest B.C. Photo by Ellsworth Dickson.IDM Mining Ltd. [IDM-TSXV; IDMMF-OTCQB] said Tuesday January 15 that the Canadian Environmental Assessment Agency has issued a positive decision statement for the company's Red Mountain underground gold project near Stewart, northw...Read More
The Transition Metals Highland Gold Project in Cape Breton, Nova Scotia. Source: Transition Metals Corp.Transition Metals Corp. [XTM-TSXV; TNTMF-OTC] shares rallied Tuesday January 15 after the company released new assay results from its Highland Gold Project in Cape Breton, Nova Scotia.Highlights from a rotary air blast drilling program include 9.14 metres, grading 23.22 g/t gold, the company sai...Read More