Seaborne premium hard coking coal prices declined on Tuesday July 14 after several transactions were concluded at lower prices, with sources reporting a burst in trading over the day following inactivity last week. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.11 per tonne, down $1.38 per tonne Premium hard coking coal, cfr Jingtang: $121.57 per tonne, down $1.54 per tonneHard coking...Read More

Domestic prices for ferrous scrap in Italy were fairly stable in the month up to Monday July 13, with limited demand from steel mills balanced by reduced scrap supply from the automotive industry. Fastmarkets' monthly price assessment for steel scrap, E40 shredded, delivered to mill, Italy was ?,?220-240 ($249-272) per tonne on July 13, unchanged over the month. And the monthly price assessme...Read More

The three-month zinc price on the London Metal Exchange was the standout underperformer during morning trading on Tuesday July 14, wiping out gains made on Monday amid continued market volatility. Zinc's outright price on the LME was recently seen at $2,208.50 per tonne, falling by more than 2% from Monday's closing price of $2,261.50 per tonne, while turnover was moderate at over 3,600 lots excha...Read More

Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty. China's imports and exports climbed in June, a sure sign of improved economic conditions, albeit after months of hardship.United States President Donald Trump said last week he was no...Read More

China's ferro-chrome market has been rising, with incremental increases in its annual output since 2015, and that momentum has extended despite the market being faced with a series of challenges in the first half of the year.This includes a wave of Covid-19-related production cuts and the supply disruptions to South Africa's chrome ore and while the market approaches the second half of 2020, the m...Read More

China's vanadium alloy prices consolidated in the week to Thursday July 9 after many domestic alloy suppliers refused to compromise further on prices and mills' buying interest gradually waned after having completed restocking in previous weeks, market sources told Fastmarkets. Many domestic suppliers for vanadium alloys including both ferro-vanadium and vanadium nitrogen were reluctant to lower o...Read More

If you are at all concerned with the amount of government debt and spending in the world today, you need to buy gold. Gold is the ultimate hedge against inflation. This fact is evidenced by the price action of gold over the past 20 years. When banks printed money to postpone the financial in 2008, gold shot up to over US$1,800 an ounce in the following years.Sure, gold fell back for a while. Over...Read More

I would certainly classify my broad view of the stock market today as bearish. I do not buy into recent into the recent rally we’ve seen from March lows. Also, I expect we’ll see significant further downside on the horizon in the coming quarters.That said, there are varying levels of every perspective. In this article, I’m going to consider the potential outcome of a 1930’s...Read More

(Stock Image) Building resilience is the top priority for the mining and metals industry in H2 2020, while market weakness is the top risk, a survey conducted by global law firm White & Case with 67 senior decision-makers revealed. The 2020s are set to be a serious transition period for the mining industry, they say. After two decades of supercharged Chinese growth and omnipresent concerns about...Read More

Island Gold mine - Image courtesy of Alamos Gold Based on the strong economics of the Phase III Expansion study for the Island Gold mine in Ontario, which includes a new 1,373-metre shaft, Alamos Gold announced that it is proceeding with an expansion of the underground mine to 2,000 t/d, up from 1,200 t/d currently.The expansion study outlined average annual gold production of 236,000 oz. annua...Read More

Pebble project in Alaska. Image courtesy of Northen Dynasty Minerals Ltd. Northern Dynasty Minerals (TSX: NDM) subsidiary Pebble Limited Partnership issued a public statement in Alaska on Wednesday on the pending release of the final environmental impact statement (EIS) for the Pebble project.Pebble Partnership CEO Tom Collier said he expects the final EIS to be published in the Federal Register...Read More

Image courtesy of Nyrstar Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions forced companies to halt or scale down operations, suspend work on projects, and re-opening plans are scuppered by fresh outbreaks.S&P Global Market Intelligence in a new report measures the impact of these mine closures and project delays, showing Latin America is the harde...Read More

Stock Image. The US coal industry has weakened after taking the brunt of lower electricity demand and is now highly vulnerable to resurgent covid-19 infections that could further reduce demand for coal in a downside scenario, Moody's Investors Service said in a report published on Wednesday. The credit rating agency expects a 'very weak' second-quarter earnings for coal producers. "In 2020, dema...Read More

"This financing is a very important milestone that substantially de-risks the company and allows us to further expand all of our activities with a view to fast-tracking the timeline to maiden resource, PEA and further project development of the Twin Hills area of the Karibib gold project," CEO Heye Daun said.Osino has described Twin Hills as a grassroots discovery in an old gold district, where it...Read More

Nelson expects domestic thermal coal demand to drop 30% in 2020. "We expect very weak second-quarter earnings for coal producers under our current baseline scenario.Read More

The African National Congress' Economic Transformation Committee's "Reconstruction, Growth and Transformation" document, released last week, had suggested encouraging JSE listings, incentives for investing in mining exploration and resolving regulatory uncertainty.It had reaffirmed South Africa remained a global mining powerhouse but also acknowledged the falling levels of investment in exploratio...Read More

Share this articleTORONTO - Shares in Alamos Gold Inc. are trading lower after the miner announced it would proceed with a $514 million expansion of its Island Gold mine in northern Ontario.It says the decision is based on a study of several options that concluded the best path forward was to proceed with a mill upgrade and shaft expansion to increase ore extraction to 2,000 tonnes per day by 20...Read More

Arizona Metals Corp. (TSX.V: AMC) owns 100% of the Kay Mine Property, in Yavapai County, which is located one hour north of Phoenix, Arizona, on a combination of patented and BLM claims, totaling 1,370 acres that are not subject to any royalties. A historic estimate, by Exxon Minerals, in 1982, reported a "proven and probable reserve of 6.4 million short tons, at a grade of 2.2% copper, 2.8 g/t go...Read More

So, has anything interesting happened to Tesla lately?Unless you've been living under a rock, which might be a possibility given the pandemic climate we find ourselves trading in today, it's a safe bet that you've seen a story or two regarding the world's best hype man.Tesla's stock move recently was nothing short of spectacular:Was the move justified? Of course not.The sentimental valuation spike...Read More

Craig HemkeThere was a time when the total U.S. fiscal deficit and debt seemed to matter. Apparently, that time has passed.Oh, my goodness. The good old days. I'm old enough to remember 2009 and all the rage about "exploding deficits" and "stealing our children's future". Heck, I even flew a Gadsden Flag for a while and attended a "Tea Party" rally near my home.Back then, as the U.S. struggled t...Read More