Key data from Fastmarkets' pricing session in Europe on Wednesday September 16.Key drivers Tighter titanium scrap supply in the past few weeks has finally pushed up prices after being unchanged for 10 consecutive weeks, with buyers reporting deals down around the new range. Scrap prices may increase in the near term while tight availability - due to a drop in scrap generation following a slump in...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 Cobalt alloy...Read More
Key data from the Wednesday September 16 pricing session in Shanghai.Key drivers Spot cobalt metal prices in China were steady, with liquidity improving in the first half of this week compared with late last week; but speculators and downstream consumers are generally cautious about taking positions or restocking, despite news on September 9 that China's State...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 assessed...Read More
China will be able to absorb the large volumes of ore and ferro-alloys supply it imported in the first half of this year, but supply concerns loom, Fastmarkets head of research Alistair Ramsay said during a recent Fastmarkets webinar on Covid-19 and what it means for trade flow and demand for key ferro-alloys and ores."It is been an extraordinary period with record levels of ores and ferro-alloys...Read More
Three containers of copper from Turkey heading to a Chinese smelter have been discovered to have been filled with bricks upon arrival in Lianyungang port in China, sources have told Fastmarkets. The containers, that were supposed to be each transporting about 25 tonnes of 99% copper-content blister, were inspected by customs personnel last week, according to photographs seen by Fastmarkets. Two in...Read More
BHP (NYSE: BHP; LSE: BHP) has told Australian Aboriginal groups to freely speak their mind about the way it manages cultural heritage as the miner readies to appear before a federal inquiry following Rio Tinto's (NYSE: RIO; LSE: RIO) destruction of two 46,000-year-old sacred shelters.Both companies have been criticized for having gag clauses in land agreements preventing traditional owners from pu...Read More
The market for UG2 chrome ore ticked up in the week to September 15 on strengthening sentiment amid low liquidity, while both the domestic and imported ferro-chrome markets remained stable, sources said.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China edged up by $1 per tonne to $138 per tonne week on week on Tuesday September 15."There has been a little flurry of a...Read More
The second stock market crash is inevitable. Billionaire investor George Soros, in his book Alchemy of Finance, talked about the two concepts of fallibility and reflexivity. He explained that market participants’ view of the world is incomplete and distorted (fallibility), which leads them to take inappropriate actions (reflexivity). These inappropriate actions help informed participants to...Read More
This year will be etched in the record books for multiple reasons. The COVID-19 pandemic has led to a massive spike in unemployment rates, a slump in global GDP, and falling interest rates, among other things. The markets responded in kind and slumped over 35% in just over a month earlier this year.However, the V-shaped recovery in the last few months has led experts to believe that the stock mark...Read More
The stock market is moving in stark contrast to the economy. Billionaire investor George Soros calls it the liquidity bubble formed by the free money coming from the fiscal stimulus package. This liquidity bubble is driving the stock valuations to new highs. Hence, billionaire investors like George Soros and Warren Buffett are not participating in this stock market bubble.The state of the economy...Read More
Earlier this summer, I’d discussed why Canadians should get in on stocks that were connected to the electric vehicle market. McKinsey, the top management consulting firm, recently discussed the slump for electric vehicle sales in the first quarter of 2020. Sales dropped 25% in Q1 2020, coming after a slower sales year in 2019. Still, this market is well positioned for attractive growth in th...Read More
Bob Moriarty ArchivesSep 17, 2020I don’t think most investors understand the extent that the well-led resource companies have cashed up in anticipation of far higher prices for gold and a renewed interest in mining by the general public. The actions of the Federal Reserve and all central banks pouring bales of $100 bills onto a bonfire pretty much guarantee the end of fiat currencies, higher...Read More
The AIM-listed company was forced to shut down its plant on Monday after around 3,000 cubic metres of tailings material leaked into a local river.Read More
Share this articleVANCOUVER - Mining company Teck Resources Ltd. says it is making another step on its vow to be carbon emission neutral by 2050 by signing a long-term renewable power purchase agreement for its Carmen de Andacollo copper mine in Chile.Under the agreement, the mine will source 72 megawatts (550 gigawatt-hours per year) from AES Gener's renewable portfolio of wind, solar and hydroel...Read More
I sent my niece a card with $20 in it for her birthday.She called to thank me but then delicately requested that in the future I Venmo her any birthday money as it's hard for her to buy anything with cash:This way, it goes right into my account, and I don't actually have to go out anywhere to buy something.Now, to be honest, I'm pretty sure she only spends her money on apps and weed, and apparentl...Read More
Peter Epstein of Epstein Research delves into this company's exploration plans in Colombia. Five weeks ago, gold hit an all-time high of US$2,073/oz. Since then, it's down 6.2% to US$1,944/oz. (still above 2011's record level). Yet, based on the share price declines in some well-known juniors, one would think gold was down 2-3 times as much.Apollo Gold is down 52% from its recent high, Evergold C...Read More
Goldcliff Resource Corp. reported it signed an option and arranged financing to purchase a 100% interest in a new discovery of epithermal mineralization near Rock Creek, British Columbia. Kettle ValleyVancouver-based Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB), in a news release reported that it signed an option to purchase a "100% interest in a new discovery of epithermal mineralization, 3...Read More
Group Ten Metals continues drilling at its polymetallic Stillwater West property in Montana's Stillwater Mining District. Stillwater West PGE-Ni-Cu Project - 2019 DrillingIn a news release, Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced that the nearly completed induced polarization geophysical survey of its Stillwater West property in Montana "produced impressive results" and...Read More