Seaborne coking coal prices were largely unchanged on Wednesday October 7 amid limited trading activity, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.60 per tonne, up $0.14 per tonne Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchangedHard coking coal, fob DBCT: $113.52 per tonne, unchanged ...Read More
German fertilizer producer K+S AG has sold its Americas salt unit to the Kissner Group for US$3.2 billion, a move that would provide the company with funds to pay down debt.The sale of Morton Salt comes a decade after K+S acquired it for US$1.7 billion. It was triggered by a drop in potash prices, which undermined the debt-financing of the company's new potash mine in Canada, called Bethune.The pr...Read More
London Metal Exchange three-month base metals prices, except tin, ticked up during the morning on Wednesday October 10 despite news that United States President Donald Trump will not hold long-awaited fiscal stimulus talks with US Democrats until after the Presidential election on November 3.Discussions regarding the proposed US $2.2 trillion relief bill are ongoing, revised down from the original...Read More
Base metals prices on the London Metal Exchange were weaker across the board this morning, Wednesday October 7, while equity markets were mixed. US Federal Reserve chair Jerome Powel warned too little stimulus is worse than too much.International Monetary Fund chief Kristalina Georgieva warns economic "calamity is far from over".US President Donald Trump postpones stimulus talks with Democrats unt...Read More
Aluminium premiums across the globe were mostly unchanged amid low liquidity in the week to Tuesday October 6, with all eyes on the narrowing London Metal Exchange spreads.Low liquidity for Rotterdam premiumsUS participants look to November for clarity on Canadian unitsEnd of the import quota in BrazilNorth Asia spot premiums unchanged on stable demandRotterdam flat; Spain, Italy catch upPremiums...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The chromium metal market is facing oversupply after orders from the aerospace sector stalled, resulting in increased competition for business among suppliers, sources told Fastmarkets. Chromium metal in its higher purity is used to create a variety of superalloy components including turbine blades for the aerospace industry, due to its high resistance to corrosion. "Demand [from aerospace] is dow...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...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 transparencyinto the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade,...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 7. Key drivers A persistent and seemingly increasing tightness in titanium scrap is propelling scrap and ferro-titanium prices for the fourth and fifth weeks in a row respectively. Ferro-titanium producers say they are worried about securing enough scrap in coming weeks, with volumes falling from traditional sect...Read More
The yellow metal took a breather from its solid upward climb and fell 8% since August. Canadian gold stocks, which notably outperformed gold this year, also calmed a bit in the last few months. However, we might see a renewed rally from gold in the current quarter, which could ultimately boost gold miner stocks.Unstable economic recoveryThe pandemic dented the global economic growth in 2020, which...Read More
Starting on Canada's west coast, Dolly Varden Silver (TSXV:DV) said step-out drilling from the current resource at the brownfields Torbit mine in British Columbia had intersected several high-gradeRead More
Copper production at CAML's Kounrad mine in Kazakhstan was down 3.9% year-on-year but the 3,993 tonne total was ahead of analyst expectations.Read More
I want to live a very long and healthy life.Who doesn't? Right?This is why I exercise regularly, maintain a healthy diet, and meditate every morning.Although the latter is something I haven't been doing very long, I've definitely noticed an improvement in my overall mood and stress relief.Interestingly, as I've learned more about meditation and have joined a number of meditation groups, I've not...Read More
Dr. Peter Megaw, MAG Silver's chief exploration officer, has been waiting for decades to explore the Deer Trail Mine area. Deer TrailMAG Silver Corp. (MAG:TSX; MAG:NYSE A), known for its high-grade Juanicipio silver project in Mexico that it is developing with Fresnillo Plc, is branching out with an earn-in agreement to acquire 100% of the Deer Trail Project in Utah.The company has consolidated l...Read More
Peter Epstein of Epstein Research profiles this company exploring in British Columbia's Golden Triangle and explains why he believes it stands out from its peers.Note: On the morning of October 8th, Sassy Resources (CSE: SASY) announced a C$5M non-brokered private placement. Few gold/silver jurisdictions on the planet share the high-grade, high excitement and high company valuations of the Golden...Read More
Adrian Day and the leadership teams of three precious metals royalty companies discuss their upcoming catalysts and events.Adrian Day, London-born and a graduate of the London School of Economics, heads the money management firm Adrian Day Asset Management, where he manages discretionary accounts in both global and resource areas. Day is also sub-adviser to the EuroPacific Gold Fund (EPGFX). His l...Read More
Drilling at Scottie Resources' properties returned results as high as 2.53 meters of 109.4 g/t gold and 32.4 g/t silver. In a news release, Scottie Resources Corp. (SCOT:TSX.V) announced that initial results from its 2020 exploration program at its British Columbia properties, specifically the O-Zone and Blueberry, show the drill bit continuing to intersect high-greade gold and silver mineralizat...Read More
Dolly Varden Silver hits "intercepts with consistent, strong silver mineralization, significant thickness and areas of very high-grade silver," including 1,240 g/t silver over 16 meters. Dolly Varden Silver Corp. (DV:TSX.V; DOLLF:OTCMKTS) announced in a news release the results from stepout and infill drilling at its Torbrit silver property in British Columbia."We are pleased to see stepout drill...Read More
Caldas Gold Corp.'s estimate for its Juby Gold Project in northeastern Ontario is based upon results from a recently filed NI 43-101 technical report. In a news release, Caldas Gold Corp. (CGC:TSX.V; ALLXF:OTCQX) announced that it has completed an updated mineral resource estimate (MRE) for its Juby Gold Project (Juby), prepared in accordance with NI 43-101 standards.The company highlighted that...Read More