Recent News

MB NON-FERROUS PRICE CHANGES 21/03: Noble alloys & ores

March 21, 2018 / www.metalbulletin.com

The following Metal Bulletin noble alloys and ores prices changed on Wednesday March 21:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.60-12.80 per lb from $12.75-12.85 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg...Read More

Iron ore pellet premiums to rise in 2018 on strong demand, Ferrexpo says

March 21, 2018 / www.metalbulletin.com

Iron ore pellet premiums are expected to rise in 2018, reflecting agreements with customers and strong demand for high-quality pellets, Ukraine-focused iron ore producer Ferrexpo said on Wednesday March 21."In 2018, we expect further rationalization of steel capacity in China, which should support global steel margins, and in turn encourage a continued focus on iron-making productivity," Ferrexpo...Read More

DAILY SCRAP REPORT: Section 232 uncertainty keeps Turkish mills out of deep-sea scrap market

March 21, 2018 / www.metalbulletin.com

Weak demand for Turkish long steel products in the country's export market and Section 232 uncertainty kept Turkish steel producers out of the deep-sea scrap markets on Wednesday March 21.After stepping back from the deep-sea scrap markets on March 9, when the United States applied a 25% duty on imports of steel products following the Section 232 investigation, there has been no...Read More

IRON ORE PRICES: Benchmark index edges above $67 per tonne

March 21, 2018 / www.metalbulletin.com

Iron ore prices moved slightly above $67 per tonne cfr China on Wednesday March 21, tracking increases in the paper markets.Metal Bulletin's 62% Fe Iron Ore IndexToday: $67.25 per tonne cfr Qingdao Daily change: up by $0.31 per tonne Month-to-date average: $72.33 per tonne Metal Bulletin's 58% Fe Premium Index Today: $55.56 per tonne cfr Qingdao Daily change: up by...Read More

Seaborne iron ore concentrate prices drop at slower rate than fines

March 21, 2018 / www.metalbulletin.com

Seaborne iron ore concentrate market softened last week, albeit at a slow rate of decline than prices for fines.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was $94.64 per tonne cfr China last Friday March 16, down $2.93 per tonne - or 3% - compared with a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $87.12 per tonne cfr China last week, down $3.70 per tonne...Read More

Seaborne iron ore prices edge up on recovering futures

March 21, 2018 / www.metalbulletin.com

Seaborne iron ore prices recovered some losses on Wednesday March 21 tracking a small rebound in the paper market.Key drivers China's benchmark May iron ore futures contract bounced back in the afternoon to end the day in positive territory, following gains on Tuesday night and a retreat on Wednesday morning.But steel prices - in the both physical and futures markets - continued to soften during t...Read More

COKING COAL DAILY: Premium prices fall amid supply pressure

March 21, 2018 / www.metalbulletin.com

Seaborne coking coal prices retreated on Wednesday March 21, with market participants anticipating further weakness amid ample offers of premium products.Two cargoes of premium products changed hands below previously transacted levels during the day. The cargoes "unbranded products" were traded at $204 per tonne fob Australia and $207 per tonne fob Australia on Global Coal, sources told Metal Bull...Read More

China AM: Ferrous futures tumble further amid weakened physical market

March 21, 2018 / www.metalbulletin.com

China's ferrous futures, particularly the steel contract, continued to fall during morning trading on Wednesday March 21, with physical prices coming under pressure in recent days. Futures closing prices - morning sessionShanghai Futures Exchange May rebar: 3,626 yuan ($573) per tonne, down 50 yuan per tonne May hot-rolled coil: 3,738 yuan per tonne, down 101 yuan per tonne Dalian Commodity Exchan...Read More

CADMIUM SNAPSHOT: Low-grade price firms up on higher tender bids, strong Indian demand

March 21, 2018 / www.metalbulletin.com

Key data from the Wednesday March 21 pricing session in London.Cadmium min 99.95% MB free market Cts per lb cif global main port New price Previous price Change to midpoint of range Midpoint % change 150-160 145-160 2.5 1.6% Read More

MINOR METALS MARKET REPORT 21/03: Manganese flake price falls on increased supply; selenium, cadmium up

March 21, 2018 / www.metalbulletin.com

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

MB NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 21/03

March 21, 2018 / www.metalbulletin.com

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday March 21:Aluminium scrap Group 1 pure 99% & litho: ?1,400-1,450 per tonne from ?1,410-1,460 Commercial...Read More

Most actively traded companies on the TSX

March 21, 2018 / www.canadianinvestor.com

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,675.28, up 58.92 points)First Quantum Minerals Ltd. (TSX:FM). Miner. Up 65 cents, or 3.61 per cent, to $18.65 on 11.4 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up three cents, or 0.80 per cent, to $3.76 on 10.9 million shares.Aurora Cannabis Inc. (TSX:ACB). He...Read More

MINOR METALS MARKET REPORT 21/03: Manganese flake price falls on increased supply; selenium, cadmium up

March 21, 2018 / www.metalbulletin.com

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

Gold-Silver Mining Development Firm to Sell Its Nevada Assets

March 21, 2018 / www.theaureport.com

Three analysts shared the details and their opinions of the proposed transaction. Analyst Jamie Spratt with Clarus Securities reported in a March 20, 2018 research note that Klondex Mines Ltd. (KDX:TSX; KLDX:NYSE.MKT) announced Hecla Mining Co.'s (HL:NYSE) offer to acquire all of its Nevada assets for $462 million ($462M), or $2.47 per share. This price represents a 59% premium to the 30-day vol...Read More

Schiff: Is the Fed Losing Control of the Narrative?

March 21, 2018 / marketsanity.com

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

What Is the Data Saying?

March 21, 2018 / www.financialsense.com

We're going to look at a bunch of economic data today, but before we do, there's something we need to clear up. Most economic data is released in a monthly cadence, but if you focus on monthly figures, you're going to misinterpret a lot of information.Here's a classic example, using industrial production. This chart shows month-over-month changes in industrial production - the metric that most eco...Read More

China Sees Increase in Retail Revenue

March 21, 2018 / www.diamonds.net

RAPAPORT... Retail sales of gold, silver and jewelry in China increasedin the first two months of 2018, the nation'sdata department said. Total revenue for the category rose 3% year on yearto $80.4 billion (CNY 509 billion) in January and February, the National Bureau of Statistics of Chinasaid in a statement Monday. Retail sales of all consumer goods increased 10%,while online sales climbed 37%....Read More

The Northern Miner podcast - episode 96: TSX Venture Exchange's resurgence ft. Brady Fletcher

March 21, 2018 / www.northernminer.com

Join our Toronto editorial team as we survey the latest news in the junior mining scene in Canada and beyond.Brady FletcherEditor-in-chief John Cumming looks at declining metal prices, junior gold M&A and recent market stats; senior staff writer Trish Saywell reports on banking and newsletter panels at the PDAC; and staff writer Richard Quarisa digs up intriguing mining company stories.In add...Read More

First Quantum dodges catastrophe as CEO moves to dispute tax bill

March 21, 2018 / www.mining.com

Shares in Canada's First Quantum Minerals (TSX:FM) rebounded slightly on Wednesday, dodging what was about to become their worst two-day drop in almost two years after its chief executive said he was ready to dispute a $7.9 billion bill for alleged unpaid import duties in Zambia.Talking to investors and media during a call conference, Philip Pascall said his company refuted the charge and would wo...Read More

Fura Gems kicks off initial production at iconic Coscuez emerald mine

March 21, 2018 / www.mining.com

Canada-listed Fura Gems (TSX-V:FUR), a new gemstone mining and marketing company headed by the former COO of Gemfields (LON:GEM), has kicked off initial production at its Coscuez emerald mine in Colombia.The early output of 1,720 carats of emeralds, including 826 carats of top quality ones, was achieved through a bulk-sampling program carried out within eight weeks of the completing the acquisiti...Read More

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