China's hot-rolled coil prices surged on Friday October 9, as a result of buyers returning to the market to restock on the first day back after the eight-day Golden Week holiday.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($571-574) per tonne, up 70 yuan per tonne from Wednesday September 30Northern China (Tangshan) - weekly assessment: 3,780-3,830 yuan per tonne, up 60-100 yuan per tonneTr...Read More
China's hot-rolled coil prices continued to rise on Monday October 12 on news that the country's steelmaking hub of Tangshan would restrict steelmaking activity over the next six months.DomesticEastern China (Shanghai): 3,920-3,950 yuan ($585-590) per tonne, up 40-50 yuan per tonne The local government of Tangshan has ordered 28 out of 30 steel mills in the city to reduce their blast furnace opera...Read More
China's domestic rebar prices surged on Monday October 12 after local authorities in the country's steel hub of Tangshan in the northern region confirmed steelmaking restrictions for the next six months.DomesticEastern China (Shanghai): 3,720-3,750 yuan ($554-558) per tonne, up by 50 yuan per tonneA total of 28 out of 30 steel mills in Tangshan are required to cut their blast furnace operating rat...Read More
Canadian minor metals and speciality chemicals producer 5N Plus has entered the additive manufacturing market, also known as the 3D printing market, as a supplier of high-performance engineered powders, the company has told Fastmarkets."As a new entrant to the market, 5N Plus will initially focus on the technologically challenging and smaller markets within micro-electronics and semiconductor appl...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb 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,...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday October 12, but sentiment has turned more bullish, especially in aluminium, since China returned from its Golden Week holiday. Expectations for extra stimulus in the United States have kept equities buoyant. China's markets underpinned by steady recovery and by the fact it appears to have...Read More
Cobalt prices and payables held steady in the first full week of October trading, with sellers holding out to sell higher while waiting for further cues on intermediates restocking from China after the country's October 1-8 Golden Week holiday.Fastmarkets' cobalt hydroxide indicator, min 30% Co stood at 77.5-78.5% last Friday October 9, unchanged since September 23, while the cobalt hydroxide inde...Read More
German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on Monday October 12.Last week, several reports appeared in the global press indicating that Thyssenkrupp has initiated a sale process for AST.Thyssenkrupp, however, denied such speculation. "At t...Read More
Lingering weakness in market sentiment continued to put downward pressure on seaborne low- and high-grade manganese ore prices in China in the week to Friday October 9.Chinese participants began to return to the market on Friday after the Golden Week national holiday on October 1-8. Fastmarkets' manganese ore index, 37% Mn, cif Tianjin was $4.10 per dry metric tonne unit (dmtu) on F...Read More
Chinese stainless steel producer Tsingshan Group has set its ferro-chrome tender price for October delivery at the same level as the prior month amid steady chrome ore prices and strong stainless steel production in recent months. The eastern China-headquartered mill set its October high-carbon ferro-chrome tender price at 5,997 yuan ($896) per tonne, for cargoes delivered to warehouse. The price...Read More
Prices for imported rebar in Singapore remained stable in the week to Monday October 12 due to no spot activity and limited demand from buyers, sources told Fastmarkets.Offers for Turkish rebar fell by $5-10 per tonne to $465 per tonne cfr Singapore on a theoretical weight basis from $470-475 per tonne cfr Singapore the previous week.The lower offers were due to falling scrap prices in Turkey, whi...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 13, 2020 Both US political parties enjoy referring to their horrifying debt and money printing programs as “economic stimulus”.They sound like characters in a George Orwell novel, which is quite disturbing. Of course, their insane actions are great news for gold.Please cli...Read More
Total production was 78,959 ounces of gold, 171,825oz of silver and 18.2 million pounds of copper for 115,536oz of gold-equivalent.Read More
It said the hoist rope had detached from the skip during routine maintenance on Friday and the skip, or ore bucket, plunged to the bottom of the shaft.There were no injuries and all personnel were safely evacuated, Hudbay said."An inspection of the damage to the shaft is underway and it is expected to take several weeks to fully assess the damage and the remedial work needed," the company said.Hud...Read More
On September 30, President Trump signed an executive order that would guarantee increased U.S. production of the 35 critical metals used for the military as well as critical industries such as fracking and electric cars.These minerals include rare earth minerals, most of which are currently imported from China. There are also other metals used in batteries such as cobalt and lithium.For 31 of thes...Read More
Independent financial analyst Matt Badiali discusses precious metals royalty companies as investments. Back in the last bull market, the big trend was the "prospect generator" business model. In this market, that switched to royalty companies, led by some former prospect generators.The prospect generator model should allow companies to use less cash to generate projects, then bring in partners. I...Read More
Gregory Beischer, CEO of Millrock Resources, and geologist Gabriel Graf speak with Maurice Jackson of Proven and Probable about the company's exploration program at 64North in Alaska. Maurice Jackson: Joining us for a conversation is the CEO of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB), Gregory Beischer, along with Gabriel Graf, who works as a consultant for Millrock Resources. Glad to be...Read More
Dundee Precious Metals reported preliminary Q3/20 production results at its two gold mines in Bulgaria and its complex copper concentrate smelter operation in Namibia. In a news release, Dundee Precious Metals Inc. (DPM:TSX), announced preliminary production results from both of its mines in Bulgaria and the Tsumeb smelter for the three and nine months ended September 30, 2020.The company advised...Read More
"THEY" will defend $26/oz silver with all the silver derivatives they can throw at the market, but that will be their downfall...by Bix Weir of Road to Roota"THEY" will defend $26/oz silver with all the silver derivatives they can throw at the market...but that will be their downfall. High Frequency Traders aren't used to a market that has a Physical Delivery component and they will find themselve...Read More