The cobalt standard grade, in-whs Rotterdam trade log, including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $13.75-14.15/lb on...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday July 29.Key drivers The antimony market has established a price floor after a continued downward trend that started on March 31, aggravated by a slump in industrial activity caused by the measures intended to control the spread of the Covid-19 pandemic. The Chinese price strengthened last week in response to higher offers and produc...Read More

Two weeks after UC Rusal called for new Nornickel management and a relocation of its head office to Norilsk, Siberia - recently the center of three polluting events in six weeks - Nornickel has made several accommodations for its major shareholder. Rusal owns 27.82% of Moscow-based Nornickel.Having just announced multiple management changes, including the departure from public relations of a senio...Read More

A summary of Spain-based stainless steel producer Acerinox's financial results for the second quarter and first half of 2020. In brief  Acerinox was able to mitigate the impact of the pandemic via cost reduction and integration of acquired VDM.  The company reported a profit despite a fall in prices and a Covid-19 related decrease in activity.  The company cited strong performance i...Read More

China produced 13.96 million tonnes of crude stainless steel in the first six months of 2020, down by 2.74% from a year earlier, according to data released by the China Stainless Steel Council (CSSC) on Tuesday July 28.Apparent consumption totaled 11.66 million tonnes during the period, down by 270,500 tonnes (2.27%) from the first half of 2019, it...Read More

Taiwanese buyers continued to purchase at higher prices for imported containerized ferrous scrap over the past week. Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $248-249 per tonne on Thursday July 30, increasing $1 per tonne from a day earlier and up by $4-5 per tonne from $243-245 per tonne cfr Ta...Read More

The continued price differential between Chinese and European vanadium prices that sparked interest in exports to China has left inventories in Europe depleted and has eventually sent European prices upward, market sources told Fastmarkets. Fastmarkets assessed the ferro-vanadium 78% V min, fob China price at $29.50-30.50 per kg on Thursday July 23, unchanged from the previous week, while its...Read More

Newmont (NYSE: NEM, TSX: NGT) said on July 29 that higher gold prices helped generate significant free cash flow in the second quarter of 2020.The world's largest gold miner's adjusted net income for the June quarter was $261 million, or 32 ? per diluted share, compared with $92 million, or 12 ? per diluted share, in the prior-year quarter. The results topped analysts' estimates of 31 ? per share....Read More

Mining is a wealth-creation industry that produces the metals and minerals essential to every sector of our economy. For instance, in 2018, Canada produced over 60 minerals and metals from almost 200 mines and 6,500 sand, gravel, and stone quarries valued at $47 billion, according to Natural Resources Canada.Mineral exploration is at the front end of the mining industry, and the discovery of new o...Read More

There is a growing disconnect between economic fundamentals and the recent stock market rally. While the number of active coronavirus cases is accelerating, global equities have continued to soar higher. The TSX at large has surged more than 45% since March lows, marking one of the best recoveries on record.What’s more concerning is, some riskier stocks went too far recently, despite the glo...Read More

This fall could be extremely frothy for Canadian investors. TSX stockholders will find themselves having to contend with a market caught in the crossfire between a U.S. election, ongoing vaccine uncertainty, and dire economic revelations.Now, throw in international tensions, uneven earnings reports, and growing industrial bearishness. If the markets manage to escape a major correction by December,...Read More

Aluminum alloys. Stock image. Scientists in Japan have developed a machine learning approach that can predict the elements and manufacturing processes needed to obtain an aluminum alloy with specific, desired mechanical properties.The approach, published in the journal of Science and Technology of Advanced Materials, could facilitate the discovery of new materials.Aluminum alloys are lightweight,...Read More

Credit: Vizsla Vizsla Resources (TSXV: VZLA) has closed a bought deal private placement for around 16 million units of the company at a price of C$1.87 per unit for gross proceeds of C$30 million (about $22m) and includes the exercise in full of the underwriters' over-allotment option.Each unit consists of one common share in the company and one common share purchase warrant, with each warrant e...Read More

Image from Cariboo Regional District's YouTube channel. Kore mining has increased its wholly owned land holdings in the southern part of British Columbia's Cariboo gold district, to 1,000 sq. km - the company's claims now cover 110 km of the prospective Eureka structural trend, host to its FG and Gold Creek orogenic gold projects."It's a rare occurrence when a company controls a dominant positio...Read More

At the construction announcement for the Odyssey ramp at the Canadian Malartic mine in Quebec. Credit; Canadian Malartic Mine Joint-venture partners Agnico Eagle Mines and Yamana Gold will begin construction on an underground ramp at their Canadian Malartic open pit mine, 25 km west of Val-d'Or, Quebec in August.The Odyssey ramp is expected to take two years to build, and will eventually allo...Read More

Clearwater base camp, Quebec. Image from Eastmain. Auryn Resources is acquiring Eastmain Resources in an all-share deal valued at C$121 million to create Fury Gold Mines. "Fury Gold will combine the high-grade gold projects: Committee Bay in Nunavut, Homestake Ridge in B.C. and Eau Claire in Quebec, to offer investors a robust, Canadian, gold-focused exploration and development company," Ivan...Read More

Share this articleTORONTO - Centerra Gold Inc. is boosting its quarterly dividend by 25 per cent after reporting that earnings soared in its latest quarter on a 21-per-cent boost in revenues.The Toronto-based mining company says it will pay five cents per share, up from four cents.Centerra earned US$80.7 million or 27 cents per share in the second quarter, up from US$33.4 million or 11 cents per...Read More

Well, I think we can say it officially happened...The price of gold increased to $2,000 an ounce for the first time in history.And despite hitting its head on the ceiling, all signs are still pointing to higher prices from here.Shaking off profit-taking in the Western markets yesterday, gold for December delivery (the most active futures contract) increased to $2,005.40 per ounce last night.As I m...Read More

Bob Moriarty of 321gold profiles this explorer with a gold project in Ontario and a copper rich VMS deposit in Saskatchewan. Rockridge core sampleI suspect we have either started the correction I have been predicting or are about to. Silver spiked as it does every time it makes a temporary top as both metals show signs of schizophrenia not knowing just which direction to go in next.We have way to...Read More

The CEO of NV Gold provides an update on his company's projects in British Columbia and Nevada in this conversation with Maurice Jackson of Proven and Probable. Maurice: Joining us for our conversation is Peter Ball of NV Gold Corp. (NVX:TSX.V; NVGLF:OTC). We're delighted to have you back on the program as NV Gold continues to have more and more exciting news for shareholders, coming from the new...Read More