A summary of Hong Kong Exchanges & Clearing's (HKEX) results for the first quarter of 2020. In brief: Revenue and other income was 7% lower than the first quarter of 2019. Core business revenue was up 19% year on year, driven by a 20% increase in headline average daily trading volume (ADV), which yielded an increase in trading and clearing fees. Profit attributable to shareholder...Read More
Broader markets were mixed this morning, Thursday May 7 after Wednesday's employment data in the United States knocked market confidence, but with a barrage of data expected today and Friday, the market is braced for a reality check. Not, all the data released so far has been bad though; the all-important Chinese trade data for April showed a surprise 3.5% rise in exports compared w...Read More
Charles Li, chief executive of Hong Kong Exchanges and Clearing Ltd (HKEX) will not seek reappointment at the end of his current contract, the exchange announced on Thursday May 7.It means Li will leave his role as CEO of HKEX, which owns the London Metal Exchange, in October 2021.Li confirmed his full commitment to continuing to lead the organization until that date, or earlier, should a...Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt, standard-grade, in-whs Rotterdam, $ per lb.Click here for Fastmarkets' price assessment for cobalt, alloy-grade, in-whs Rotterdam,...Read More
Key data from Fastmarkets' pricing session in London on Thursday May 7.Key drivers Cobalt metal prices remained under pressure from weak demand, trading at levels last seen in August 2019, according to Fastmarkets data. Sellers have steadily reduced their offers in order to lock-in scarce spot sales, although prices were not yet considered...Read More
The Potos?- zinc and lead mining region in Bolivia will remain closed until at least May 31, according to a recent announcment by its mayor, Luis Alberto L??pez.The announcement, reported in regional newspaper El Potos?-, was an extension of previous guidelines and included mining. Industry in the area has been locked down since late March because...Read More
A summary of Canadian minor metals and specialty chemicals producer 5N Plus fiscal results for the first quarter of 2020. In brief: 5N Plus improved net earnings due to expansion into products with higher value-added content, but revenue was down as a result of relatively lower metal prices for the period. Overall sales volumes were higher year on year. Mandatory plant shutdowns ordere...Read More
A summary of stainless steel producer Aperam's results for the first quarter of 2020.In brief Sales, shipments and adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) were down year on year due to the coronavirus-driven downturn.The company reported a "seasonally...Read More
The spot copper concentrate market continued to trade at lower treatment and refining charges (TC/RCs) in the week to Thursday May 7. Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific dropped to $50.4 per tonne / 5.04 cents per lb on Thursday and is now down by 23.3% month on month from $65.70 per tonne / 6.57 cents per lb on April 3. Deals reported to Fastmarkets show Chinese s...Read More
The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More
The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More
Hey guys and gals,Sign up for the best guides on the market https://www.patreon.com/golfclashtommy0:11 - Intro1:44 - Hole 1, Par 32:45 - Hole 2, Par 44:57 - Hole 3, Par 57:48 - Hole 4, Par 410:13 - Hole 5, Par 311:34 - Hole 6, Par 514:28 - Hole 7, Par 416:57 - Hole 8, Par 318:31 - Hole 9, Par 5BECOME A MEMBER: https://www.youtube.com/channel/UCUKg...-CHECK OUT OUR NEW WEBSITE-https://www.golfclash...Read More
TODAY Ed sits down with Tommy Shaw of Styx for a conversation in the Legacy Lounge!The music community needs our help! We are partnering with the @RecordingAcademy's foundation @MusiCares to support their #COVID19 Relief Fund!Please consider making a donation https://bit.ly/MusiCaresCShttps://grm.my/2y5WtvlRead More
Breve platica sobre la CIENCIA SPIRITACanal de Lennin:https://www.youtube.com/channel/UC3tf...Canal de Ricardo:https://www.youtube.com/channel/UCsyb...Read More
CAPO - Pegaitos ( Lyric Video )SPOTIFY: https://open.spotify.com/album/0M6GBn...Latin LoverVoz & letra: CapoMix & Master : Motion MakerInstrumental : YoungPurppRedes sociales:CAPO:https://www.instagram.com/mfuckcapo/MOTION MAKER:https://www.instagram.com/motionmaker...#PEGAITOS #CAPO #MOTIONMAKERRead More
Power plant with green field, renewable energy source in Thailand. Stock image. With both the population and the workforce aging, the mining sector needs to reposition itself to secure social licenses and attract the in-demand millennial talent pool, BDO said in a recent report.According to Sherif Andrawes, BDO's Global Head of Natural Resources, stakeholders are demanding stronger engagement, tr...Read More
The Iron Cap deposit (pictured) was recently incorporated into the KSM project economics. Image from Seabridge Gold. Seabridge Gold (TSX: SEA, NYSE: SA) has filed an NI-43-101 technical report for its KSM project in northern British Columbia, confirming the potential for a "dramatic improvement" in project economics by incorporating the recently expanded, higher-grade Iron Cap deposit into mine p...Read More
Tucano gold mine. (Image courtesy of Great Panther Mining). Great Panther (TSX:GPR; NYSE-A:GPL) has announced revenue for the first quarter of 2020 of $48.1 million, an increase of 188% over Q1 2019, reflecting primarily the acquisition of Tucano mine in Brazil. The company reported production of 34,725 gold equivalent ounces, over double the 14,860 ounces it churned out in Q1 2019.Adjusted EBIT...Read More
The Golden Statue of Prometheus near the Rockefeller Center in New York. Credit: Pixabay Gold prices saw a slight decline on Friday even as it was revealed the US job market experienced its worst downturn in history. According to latest data released by the US Bureau of Labor Statistics, employers cut an unprecedented 20.5 million jobs during the month of April, sending unemployment rate to 14.7%...Read More
Ship to shore. File image. UPDATED FRIDAY, MAY 8 @ 2pm EST.Copper rallied again on Friday after a rebound in Chinese imports of the metal indicated the country's manufacturing and construction sector may be emerging faster than anticipated from the covid-19 slump.Copper trading in New York rose by more than 2% to $2.43 a pound ($5,355 a tonne) in early afternoon trade, on track to close at an eig...Read More