Fastmarkets' premium hard coking coal indices remained flat on Thursday September 17, while the hard coking coal indices pushed up in response to reports of a transaction on Wednesday. Market participants, meanwhile, were assessing the recent jump in premium hard coking coal prices. Fastmarkets indicesPremium hard coking coal, fob DBCT: $121.73 per tonne, unchanged Premium hard coki...Read More
Seaborne iron ore prices remained on a downward trend on Thursday September 17 amid weaker market sentiment, trade sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.36 per tonne, down $1.84 per tonne.62% Fe low-alumina fines, cfr Qingdao: $122.59 per tonne, down $1.81 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $112.28 per tonne, down $2.22 per tonne...Read More
The weakness in metals and equities this morning, Thursday September 17, indicates markets were taking the US Federal Open Market Committee's (FOMC) projections and comments that they will likely keep interest rates on hold through at least 2023 as suggesting there will continue to be tough times ahead in the real economy.Does this highlight the start of a reality check where markets start to focu...Read More
China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong.The three-month nickel contract on the London Metal Exchange ended Wednesday's official trading session at $15,183 per tonne, up by $330 per tonne (2.2%) from $14,853 per tonne a week earlier.Fastmarkets' weekly price as...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, in-whs Rotterdam,...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 transparencyinto the markets it covers and the pricing process it applies....Read More
China's State Reserve Bureau (SRB) is likely to use a floating price to settle its latest round of cobalt metal stockpiling, according to a market source close to the matter. The SRB sent invitations to a handful of cobalt metal producers in China for a tender on Wednesday September 9; the tender was completed during the morning of Thursday September 17, according to a market source.No concre...Read More
Key data from Fastmarkets' pricing session in China on Wednesday September 16.Key drivers Domestic suppliers slashed their offer prices to facilitate deals after buying interest waned following declines in futures prices on the Wuxi Stainless Steel Exchange. The October indium contract on the exchange, for instance, closed at 1,130 yuan ($167) per kg on Wednesday, down by 19.1% from a close of 1,3...Read More
Ferroglobe will extend cuts to its production of standard-grade ferro-silicon from its European operations through the rest of this year, with no output from France and reduced output from Spain, industry sources told Fastmarkets on Thursday September 17.Spain-based Ferroglobe will make no standard-grade ferro-silicon at all in France this year, having idled two furnaces at Chateau-Feuillet on Sep...Read More
The European high- and low-carbon ferro-chrome markets strengthened on Tuesday September 15 due to a slow recovery in demand.Fastmarkets' weekly price assessment for ferro-chrome high carbon 6-8.5% C, basis 60-70% Cr, max 1.5% Si, delivered Europe, was $0.85-0.97 per lb Cr on Tuesday, tightening from $0.83-0.98 per lb a week earlier."The capacity of users' production lines has been slowly coming b...Read More
TomaGold (TSXV: LOT) is selling its 25% interest in the Monster Lake project to Iamgold (TSX: IMG; NYSE: IAG).Under the sales agreement, Iamgold will pay TomaGold $500,000 in cash and $8 million in shares.Iamgold holds a 75% interest in the Monster Lake project, 45 km southwest of Chibougamau, Quebec."This is a great transaction for TomaGold, as it will allow us to refocus our efforts on explor...Read More
As the gold prices surged in 2020 amid strong demand for the yellow metal, shares of gold mining companies crafted new highs. For instance, shares of Kinross Gold (TSX:K)(NYSE:KGC) have doubled so far this year and have outperformed peers by a wide margin.Despite the rally, I believe there’s further upside in Kinross Gold stock. Here are three strong reasons why I believe inve...Read More
Since the major stock market crash in March, a lot of TSX stocks have had impressive recoveries. However, some of the biggest gains on the TSX have come from gold stocks.A lot of this is due to the massive increase in the price of gold this year. Many TSX stocks have recovered fully, and some have reached new highs.However, with gold stocks, almost every company has rallied to new highs. This...Read More
This year was a virtual event, which for many CEOs as well as journalists, meant being stuck to the screen all day in video meetings, without the sanity break the two-minute dash between meeting roomsRead More
Share this articleTORONTO - Shares in Kinross Gold Corp. rose by more than 10 per cent on Friday after it announced it would introduce its first dividend in seven years in view of growing gold production.The news comes as gold prices continue to hover at near all-time record heights above US$1,950 per ounce.Kinross last paid a dividend of eight cents per share in March 2013, suspending it a few mo...Read More
We just weren't ready...One of the reasons coronavirus has had such a big impact on the economy and our social lives was a lack of preparation. PricewaterhouseCoopers writes:Most companies already have business continuity plans, but those may not fully address the fast-moving and unknown variables of an outbreak like COVID-19. Typical contingency plans are intended to ensure operational effectiven...Read More
RESEARCH HIGHLIGHTS:Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925.Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250.The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If...Read More
We are just in the beginning stages of the MASSIVE SILVER BULLION DEMAND to come... by Steve St Angelo of SRSrocco ReportThe top three official mints sold a great deal of retail silver bullion products in the first half of 2020. However, the sales figure could have been a great deal higher if the various government mints weren't forced to shut down production. The top three official mints in...Read More
This time yesterday base metals prices were down across the board, but with the exception of Shanghai Futures Exchange tin, they were all up during morning trading on Friday September 18 – showing sentiment remains bullish overall with dips being bought.This suggests prospects for increased demand for metals from infrastructure projects is driving sentiment and the market is not so concerned...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Today is Quadruple Witching Day for U.S. markets when September equity and index options and futures record their last trade. Volumes on U.S. exchanges are expected to be well above average. The Canadian Dollar was virtually unchanged at US75.80 cents following release of Canada's July Re...Read More