An overview of the minor metals markets and the reasons for any price moves.Read More
Major CIMIC Group mining business unit Thiess has won a A$225 million contract with BHP Nickel West.Staff reporter22 JUNE 201822/06/2018commentsshareThe 34-month contract is for a further cutback at the Rocky's Reward pit and work at a satellite pit.The scope included mine planning and engineering, drill and blast, mining of overburden and ore, and rehandling services to the Leinster processing fa...Read More
Turkey's ferrous scrap import market remained quiet on Friday June 22 ahead of the outcome of the Turkish general election on Sunday. Market activity briefly picked up on Tuesday and Wednesday this week, with four deep-sea cargoes booked after a slow start to the week following a public holiday in Turkey to celebrate Eid on Friday last week. But activity waned again in the days before the election...Read More
Australian-headquartered mining contractor MACA (ASX: MLD) has terminated its first international venture 18 months early after agreeing with Beadell Resources to end services at the Tucano gold mine in Brazil.Staff reporterContract miner MACA has terminated a four-year contract at Tucano in Brazil, 18 months early22 JUNE 201822/06/2018commentsshareRESOURCEStocks Q&A: Australian Mines' Ben...Read More
The ATAC Resources team. From Left to right: Doug Goss, Chairman, Julia Lane, VP, Exploration, Ian Talbot, COO, Ed Cope, Technical Advisor, and Graham Downs, President & CEO. Source: ATAC Resources Ltd.ATAC Resources Ltd. [ATC-TSXV] has released a maiden mineral resource estimate for its Osiris Project at the Rackla gold property 55 km northeast of Keno City, Yukon. The Osiris Project is 100%...Read More
Comex copper prices continued their downtrend on the last trading day of the week despite the dollar softening. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 0.10 cents or 0.1% to $3.0205 per lb. The contract is now on a seven-day losing streak. "We have a bullish outlook on copper. We have a hypothetical long position in copper that we initiated at th...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
China's domestic spot battery-grade lithium hydroxide prices fell on Thursday June 21 following the recent downtrend in the lithium carbonate market as well as because of quiet buying activity among downstream consumers. Lithium hydroxide prices fell on lower offers and deals. Lithium carbonate prices stable in China due to slow market activity. Downstream consumers held off from buying in anticip...Read More
In a market dominated by battery electric vehicles, hydrogen fuel cell technology continues to make some headway.Earlier this week, Hyundai announced that it had reached an agreement with Audi to collaborate on hydrogen car technology.Under the terms of the new agreement, the two companies will share intellectual property and components in an effort to bring down costs to make the technology profi...Read More
India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More
China's domestic hot-rolled coil prices retreated slightly on Friday June 22 after trading activity fell due to bad weather.DomesticEastern China (Shanghai): 4,260-4,280 yuan ($656-659) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 4,200-4,220 yuan per tonne, down 20 yuan per tonne Although the rainy season for many parts of the country began earlier this week, the effect it had on th...Read More
June 22, 2018 (Investorideas.com Newswire) John-Mark Staude, CEO of Riverside Resources, speaks with Maurice Jackson of Proven and Probable about his company's exploration in northern Mexico.Maurice Jackson: Today we will provide an update on Riverside Resources Inc. (RRI:TSX.V), Where Knowledge is Golden, trading on the TSXV, symbol RRI, and on the OTC, symbol RVSDF. Joining us for conversation i...Read More
June 22, 2018 (Investorideas.com Newswire) Bob Moriarty of 321 Gold calculates what South32's acquisition offer for Arizona Mining means to the value of another company with a similar resource.On June 17th, 2018 an Australian company named South32 Ltd. (S32:ASX) agreed to buy the remaining 83% of shares in Arizona Mining Inc. (AZ:TSX) in a deal that values all of Arizona Mining at $2.1 billion Can...Read More
Chinese ferrous futures fell in the first hour of morning trading on Friday June 22 before experiencing a sharp rebound, but went on to end the session little changed from their opening prices.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,768 yuan ($580) per tonne, down 5 yuan per tonneOctober hot-rolled coil: 3,871 yuan per tonne, up 1 yuan per tonne Dalian Co...Read More
Local secondary billet prices in India fell by about 900 rupees ($13) per tonne this week on account of reduced inquiries and minimal buying from finished product makersThe price assessment for domestic secondary billet in India (mainly produced via an induction furnace) stood at 35,800-36,000 rupees per tonne ex-mill on June 22, a drop of 900 rupees per tonne from 36,700-36,900 rupees per tonne e...Read More
The UK light iron scrap market was stable in the week to Friday June 22 for the 11th week in a row, with market sentiment suggesting an increase next week in line with expected renewed demand from Turkey, sources said.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($119-158) per tonne on Friday. This compares with the low for the year...Read More
Another Early Warning Siren Goes OffOur friend Jonathan Tepper of research house Variant Perception (check out their blog to see some of their excellent work) recently pointed out to us that the volume of mergers and acquisitions has increased rather noticeably lately. Some color on this was provided in an article published by Reuters in late May, "Global M&A hits record $2 trillion in the year to...Read More
Domestic rebar prices in Poland have remained largely unchanged over the past week due to seasonally strong market activity, sources told Metal Bulletin on Friday June 22.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,240-2,300 zloty ($599-615) per tonne ex-works on June 22, compared with 2,230-2,300 zloty per tonne ex-works.The assessment reflects tra...Read More
Turkey's ferrous scrap import market remained quiet on Friday June 22 ahead of the outcome of the Turkish general election on Sunday. Market activity briefly picked up on Tuesday and Wednesday this week, with four deep-sea cargoes booked after a slow start to the week following a public holiday in Turkey to celebrate Eid on Friday last week. But activity waned again in the days before the election...Read More
CloseGain/LossOn WeekGold $1270.20+$2.80-0.80%Silver$16.46+$0.15-0.78%XAU82.00+1.36%-0.70%HUI176.93+1.33%-0.53%GDM618.81+1.50%-0.25%JSE Gold1066.58-2.36+1.71%USD94.55-0.27-0.23%Euro116.63+0.51+0.47%Yen91.13+0.01+0.77%Oil$68.58+$3.04+5.41%10-Year2.895%UNCH-1.03%Bond144.00+0.03125-0.37%Dow24580.89+0.49%-2.03%Nasdaq7692.82-0.26%-0.69%S&P2754.88+0.19%-0.88% The Metals: Gold g...Read More