Seaborne premium hard coking coal prices went down slightly on Friday August 7 following the latest transactions, while market participants analyzed the possible reasons for the price decrease, Fastmarkets heard.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.56 per tonne, down $1.35 per tonne Premium hard coking coal, cfr Jingtang: $115.88 per tonne, down $0.50 per tonneHard coking co...Read More
Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses increased by 12,942 tonnes (8.1%) to 172,455 tonnes in the week to Friday August 7, marking the largest gain in percentage terms across the base metals complex.The biggest inflow of red metal stocks was at Zhongchu Wusong's warehouses in Shanghai, where inventories rose by 4,505 tonnes to 43,835 tonnes, according to data re...Read More
The three-month copper price on the London Metal Exchange was lower during morning trading on Friday August 7, with continued tightness across the front end of the metal's forward curve deterring interest, while a marked improvement in German industrial production remains a key indicator of improving economic conditions in Europe.Copper's outright price on the LME was recently trading at $6,416 pe...Read More
An overview of the minor metals markets and their latest price moves.Read More
The cobalt alloy grade, in-whs Rotterdam 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 alloy grade, in-whs Rotterdam at...Read More
Key data from Fastmarkets' pricing session in Europe on Friday August 7. Key drivers Prices moved higher in all five daily price assessment this week, stoked by concern in China over availability of metal. Hydroxide payables continue to strengthen on limited supply, which has pushed some companies to buying metal...Read More
Fastmarkets has decided to discontinue five precious metals price assessments from October 1, 2020, due to the limited liquidity of the markets in question and to focus on its core markets. The discontinuation follows a month-long consultation that started on July 7, 2020. The prices to be discontinued are as follows: Platinum min 99.9% Europe Free Market $ per troy oz in warehouse Palladium min 9...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More
A summary of stainless steel producer Outokumpu's results for the second quarter of 2020.In brief Weakening of global demand for stainless steel due to the Covid-19 pandemic dragged Outokumpu's earnings sharply downward in the second quarter. In Europe, the company's results were burdened by both lower deliveries and prices as well as high import levels from third countries, particularly from Asia...Read More
A roundup of layoff announcements contained in Worker Adjustment and Retraining Notice (WARN) Act letters filed to state labor agencies in the United States thus far this summer, including at least six full plant closures, indexed by sector:Aerospace: Boeing announced that 1,608 employees will be laid off at its operations in Puget Sound, Washington, effective October 2-28. Textron...Read More
The price uptrend for imported containerized ferrous scrap in key market Taiwan continued over the past week.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $255-257 per tonne on Friday August 7, unchanged from a day earlier but up by $7-8 per tonne from $248-249 per tonne cfr Taiwan on July 30.Transactions...Read More
Interest for deep-sea bulk cargoes of heavy melting scrap from the United States' West Coast returned this week in Vietnam, a key market in Asia, with a transaction involving 4,000 tonnes of HMS 1&2 (80:20) heard at $295 per tonne cfr.This is part of a bulk shipment that includes another 22,000 tonnes of shredded scrap priced at $297 per tonne cfr Vietnam and 4,000 tonnes of plate & structural (P&...Read More
Molybdenum prices rose in the United States and Europe after a flood disabled one of the world's top two molybdenum producers, Jinduicheng Molybdenum Co (JDC Moly), on Wednesday August 5 for what is said to be an indefinite period. A correction has...Read More
Hold on to those gold stocks. That’s the message this week, as the yellow metal continues its climb to record highs. Today we’ll take a quick look at some of the best stocks to either get you started or build larger positions in. But first let’s examine just how high gold prices could climb in the latter half of 2020.How high could gold climb in 2020?BofA Securities is calling US...Read More
Many regions of the world are confronting second waves of COVID-19 infections. Canada has done a relatively good job at keeping infection numbers low as the economy re-opens. However, a second wave of infections remains possible in Canada. Here are three stocks to buy if you are worried about a second wave of infections and a possible second shutdown of the economy.Hydro OneHydro One (TSX:H) is th...Read More
Many people, especially those who don’t put much stock in history, often classify gold only as a “precious metal,” where it sits neatly with platinum, silver, and palladium. But gold has always been so much more than that. It has been a symbol of wealth for millennia and has centuries of seniority over Fiat money. And unlike the currency, it actually does have intrinsic value.Des...Read More
Aurania Resources notes that this target is showing similarities to another more advanced one at the property. Kirus sample Y992012 with 1.6% copper and 39.6 g/t silverAurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release that it encountered high-grade copper and silver over an extensive area at the Kirus target at its Lost Cities-Cutucu project in Ecuador. Kirus is 6 kilome...Read More
In May, a fleet of ships set sail for fuel-starved Venezuela with Iranian gasoline, stunning international observers who wondered if the two nations would so blatantly defy U.S. sanctions efforts in a Caribbean Sea patrolled by the U.S. Navy.Read full newsRead More
Alianza Minerals Ltd. (TSX-V: ANZ, OTC: TARSF) ("Alianza" or the "Company") reports that the 2020 reverse-circulation ("RC") drilling program at the Horsethief Gold Property, Nevada has been completed. This work is funded by partner Hochschild Mining (US), a subsidiary of Hochschild Mining PLC ("Hochschild", LSE:HOC) under an option to earn a 60% interest in the [...]Read full newsRead More
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