Markets were mixed this morning, Thursday September 3, with the base metals prices on the London Metal Exchange generally firmer, albeit in fairly light volumes.Markets are still underpinned by the prospect of more stimulus from the United States, once Congress can agree on a figure, but some of the metals are starting to look a bit tiredChina's Caixin services purchasing managers' index (PMI) at...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. 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
Key data from Fastmarkets' pricing session in London on Wednesday September 2.Key drivers Antimony prices made further gains in Europe on higher replacement costs from China. Producers were unwilling to cut their price expectations, a stance reinforced by the depreciation of the Chinese yuan...Read More
Key data from the Wednesday September 2 pricing session in London.Key drivers European prices followed the Chinese market higher after domestic suppliers in China raised their offer prices significantly following substantial gains in the futures market. Suppliers were reluctant to sell large...Read More
After a consultation period, Fastmarkets has amended the frequency of its cobalt hydroxide index, min 30% Co, cif China to weekly. The cobalt hydroxide index, min 30% Co, cif China was published on the last working day of the month until the end of July, and has been published fortnightly since August 7. Fastmarkets has seen a sustained increase in spot activity for fixed-price, prompt cobalt hydr...Read More
Spot Chinese cobalt salts prices, including those for cobalt tetroxide and sulfate, softened this week against a backdrop of weakening demand for lithium cobalt oxide (LCO) batteries for the rest of the year.Fastmarkets assessed the price for cobalt tetroxide 72.6% Co min, delivered China at 210,000-220,000 yuan ($30,730-32,194) per tonne on Wednesday September 2, down by 5,000-10,000 yuan per ton...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view. A look at stainless steel price movements through August reveals the ongoing battle being faced by stainless steelmakers in Europe and the United States while they try to pass on rising costs to consumers. In these regions, prices on most grades of stainless steel are little changed from July, rising by around 2% at most -...Read More
China's domestic stainless steel prices have risen for a tenth week amid a strengthening nickel market and good downstream demand.The three-month nickel contract on the London Metal Exchange ended Wednesday September 2's official trading session at $15,671 per tonne, up by $594 per tonne (3.9%) from $15,077 per tonne a week earlier.Fastmarkets' weekly price assessment for nickel pig iron, high-gra...Read More
Jim Paterson, chairman and CEO of ValOre Metals Corp, said investor sentiment had moved "from apathy, or fear, to FOMO [fear of missing out]" over the past year.Read More
The approval allows for FMG to expand the material handling capacity from 175 million tonnes per annum to 210Mtpa on a staged basis.Read More
We learned from Joe Grosso, Executive Chairman, President and CEO of Golden Arrow Resources Corporation (TSX-V: GRG, FSE: G6A, OTCQB: GARWF), that the Company, led by the Grosso Group, pioneered mining exploration in Argentina, where they discovered the world-class Gualcamayo project, put in production by Yamana Gold, the world-class Navidad silver deposit, now held by Pan American Silver, and the...Read More
One policymaker at the Bank of England has a message for gold investors: The record-high price of gold "tells you precisely nothing."Gertjan Vlieghe, one of the nine members of the BOE's Monetary Policy Committee, warned investors last week that gold is a "terrible" leading indicator for inflation.Talking with U.K. lawmakers, Vlieghe said, "If you look at previous episodes where the gold price is...Read More
Sector expert Michael Ballanger provides a Special Situations report on junior explorers and developers he expects will experience exponential growth in this precious metals bull market. It was in the last week of November 2015 that I witnessed a never-before-beheld event in the quantitative world of gold and silver analysis: Commercial traders were actually "long" gold futures for the first time...Read More
Paradigm Capital calls Vox Royalty "the highest acquisitive story in the industry." In a Sept. 2 research note, analyst David Davidson reported that Paradigm Capital initiated coverage on Vox Royalty Corp. (VOX:TSX.V), calling it "the highest acquisitive story in the industry" and "a high-growth, precious metal-focused stream and royalty company with a portfolio of over 40 transactions spanning s...Read More
During this program, UrbanGold Minerals encountered occurrences of gold mineralization. Stock photoUrbanGold Minerals Inc. (UGM:TSX.V) completed the phase 1 drill program at its Pallador gold project in Quebec's Troilus-Frotet region, it announced in a news release. The campaign consisted of six holes drilled over 1,620 meters in the Golden Road block of Pallador, which is about 16 kilometers to...Read More
Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.AVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsThe discovery was made on a 75m step-out drill hole which intercepted 282m grading 0.7% copper and 0.49 grams per tonne gold for 1.16% copper-equivalent, including a 45.7m intercept grading 1.Read More
London Metal Exchange base metals prices were firmer this morning, Friday September 4, but this appears to be early bargain-hunting/consolidation after Thursday’s 1.5% average decline. Asian equities and base metals prices were weaker while they followed yesterday’s weakness in western markets.We wait to see if this weakness was the result of some book squaring ahead of the much-watched...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade.Index futures recovered slightly following release of the U.S. August Employment Report at 8:30 AM EDT. Consensus for August Non-farm Payrolls was 1.400 million versus revised 1.743 million in July. Actual was 1.371 million. Consensus for August Unemployment Rate was 9.8% versus 10.2% in...Read More
Auroch taps into further nickel potentialSPONSOREDauroch mineralsAVZ closes on financing for tier-one lithium projectSPONSOREDavz mineralsElement 25's Butcherbird on songSPONSOREDelement 2588 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyIndia's mining ministry proposed a series of legislative changes on August 24 that will effectively mean around 500 exploration licen...Read More