Seaborne iron ore prices experienced a downward turn on Wednesday September 23 amid a bearish demand outlook for steel products and weaker market sentiment overall, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $113.81 per tonne, down $3.49 per tonne.62% Fe low-alumina fines, cfr Qingdao: $115.41 per tonne, down $2.33 per tonne. 58% Fe fines high-grade premium,...Read More
Seaborne coking coal prices across the board continued their uptrend on Wednesday September 23, with the premium hard coking coal fob price taking the lead. Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.77 per tonne, up $4.76 per tonne Premium hard coking coal, cfr Jingtang: $141.69 per tonne, up $2.85 per tonneHard coking coal, fob DBCT: $110.18 per tonne, up $1.83 per tonneHard cok...Read More
China's hot-rolled coil export prices moved down on Wednesday September 23, with producers accepting lower export prices amid domestic falls.DomesticEastern China (Shanghai): 3,830-3,850 yuan ($565-568) yuan per tonne, down 10 yuan per tonneA Shanghai-based trader told Fastmarkets that trading activity there weakened on Wednesday, pulling prices lower.The dip in activity was because of the slide i...Read More
The London Metal Exchange's new package of sustainability proposals should aid the discovery process of low-carbon aluminium pricing, chief executive officer Matthew Chamberlain said.Speaking at the Fastmarkets International Aluminium Conference on Wednesday September 23, Chamberlain said the exchange wants to provide the market with the tools to source sustainable material and provide transparenc...Read More
London Metal Exchange three-month base metals prices were trading down over the morning on Wednesday September 23 after a consistently stronger US dollar hit a six-week high, effectively capping the retracement in some metals yesterday after Monday's US equities nosedive. The US dollar index continued its uptrend, hitting a high of 94.25 during the morning before settling to trade most recently ar...Read More
The global market for graphite and the European silicon market have reacted with caution to news that US electric vehicle maker Tesla plans to pursue the use of silicon rather than graphite in its battery anode material.Tesla plans to use silicon metal, rather than graphite or costlier engineered silicon materials, to make battery anodes, and announced on Tuesday September 22 that it had overcome...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 23.Key drivers European scrap supplies, which have been getting tighter this quarter and pushed Fastmarkets-assessed scrap prices up on Wednesday September 16 for the first time in 10 weeks, have moved scrap prices higher again and pulled the ferro-titanium market up with them. Trade sources said scrap prices are likely to...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...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...Read More
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
Tesla will mine its own lithium, make its own lithium-ion batteries for electric vehicles (EVs) and use more silicon and nickel in these cheaper batteries, the world's biggest EV maker said on Tuesday September 22.Tesla will simplify the process of obtaining battery-ready nickel and lithium, develop alternatives to existing aluminium alloys and recycle its own EV batteries, it added.Tesla's own 46...Read More
Desheng Group, one of China's major producers of vanadium pentoxide (V2O5), plans to suspend production and conduct equipment maintenance across its operations, including at its ironmaking and steelmaking facilities, market sources told Fastmarkets.The overhaul, which will be mainly carried out at Desheng Group's vanadium and titanium company in Leshan, in the southwestern Chinese province of Sich...Read More
Chinese stainless steel producers have increased their consumption of stainless steel scrap in the last two months in an attempt to reduce their input costs, particularly those for ferro-alloys, with nickel prices soaring since mid-July, sources told Fastmarkets.Chinese stainless steel producers typically use a combination of nickel pig iron (NPI), stainless scrap and ferro-alloys for production.T...Read More
China will aim to be carbon neutral by 2060, President Xi Jin Ping said at the General Debate of the 75th Session of the General Assembly of the United Nations on Wednesday September 23."We aim to have carbon dioxide (CO2) emissions peak before 2030 and achieve carbon neutrality before 2060," he said.China also aims to scale up its Intended Nationally Determined Contributions - intended reductions...Read More
In our second article examining the results of The Northern Miner and Canadian Mining Journal's reader survey on the industry's response to the Covid-19 pandemic, we look at respondents' concerns about the long-term impact of the coronavirus and what those polled think governments, banks, and financial institutions can do to help companies survive the economic downturn.The reader survey was ope...Read More
Canadian broader markets have fallen in the last few weeks on the back of the tech sector’s weakness. If you are sitting on cash, consider the following three TSX stocks with solid growth potential for the long term.Maxar TechnologiesThe Canadian stock market has soared more than 40% since March. However, some TSX stocks have substantially rallied since then and outperformed the broader mark...Read More
Share this article Tesla Motors Ltd. [TSLA-NASDAQ] CEO Elon Musk has outlined improvements the company has made in its battery manufacturing capabilities and said he doesn't want to be constrained by the availability of key battery ingredients such as nickel."I actually spoke with the CEO's of the major mining companies of the world and asked them to please make more nickel," said Musk during a...Read More
We learned from Ron Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) that they own one of the world's largest, undeveloped, copper and gold resources, called the Pebble Project in Alaska. Pebble is one of the greatest stores of mineral wealth ever discovered, with a current resource estimate of 6.5 billion tonnes, in the measured and indicated categories...Read More
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) is a mid-tier gold producer, with its primary focus in Colombia, where it is currently the largest underground gold and silver producer, with several mines in operation at its high-grade Segovia Operations. Gran Colombia owns approximately 57.5% of Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF), a Canadian mining company, currently advancing a major...Read More
$9.1 billion...This is the combined value of the treatment market for Alzheimer's disease and Parkinson's disease: two diseases that wreaked havoc on my grandmother and great-grandmother.I'm not going to lie: Watching my loved ones suffer from these horrible diseases was not easy.And in fact, one of the reasons I'm often investing in the biotech space is because I want to be a part of any potentia...Read More