Join Fastmarkets' free webinar on how the steel supply chain in Asia has responded to the novel coronavirus (2019-nCoV) outbreak, and what the next moves could be for the steel industry and its upstream raw materials. Register here for the webinar.Date Wednesday April 8 Time 9:30-10:30am (London time) Topics The impact of the coronavirus outbreak on China's and Asia's steel industry as w...Read More
The Shanghai grade-A copper premium increased in the week to Tuesday March 10 on improved arbitrage opportunities following a sharp drop in London Metal Exchange copper earlier in the week, while markets participants in Europe and the US struggle against robust copper cathode availability.Shanghai market participants capitalize on import arbitrage opportunitiesLME warrant availability hampers dip-...Read More
LME three-month base metals prices were broadly trading down in the morning session on Wednesday March 11 while the complex oscillates between positive news from China and more precautionary economic measures taken in other regions to quell the impact of novel coronavirus (2019-nCoV). In the United Kingdom, the Bank of England cut interest rates by 0.5% to its lowest-ever rate of 0.25% - ...Read More
China's domestic hot-rolled coil prices gained strength on Wednesday March 11 amid improved sentiment generated by government measures encouraging businesses to return to work.DomesticEastern China (Shanghai): 3,510-3,520 yuan ($505-506) per tonne, up 20 yuan per tonneNorthern China (Tangshan): 3,340 yuan per tonne, up 30-50 yuan per tonneA Shanghai-based trader said trading activity picked up on...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 11.Key drivers:Price range widens, marking the first move in five weeks, with the bottom end dropping ten cents amid no trades reported in Europe. One sale of around 50 tonnes reportedly done in China at...Read More
Key data from the pricing session in Shanghai on Wednesday March 11. Key drivers Cautious downstream buying following a plunge in futures prices on Monday pushed the metal price down, though most consumers have resumed normal operations.Market participants anticipate an oversupply in the domestic market...Read More
Metal mining might not be the first thing that comes to mind when people think of green economics but Boliden chief executive officer Mikael Staffas thinks European lawmakers should pay heed to the industry while they begin to stake out policies designed to reduce carbon emissions on the continent."Everybody wants to do something with the climate and drive an electric car, but no one wants to have...Read More
Base metals were mixed this morning, Wednesday March 11, while the pre-market Dow Jones Industrial Average Index (DJIA) was off by 700 points, this after a 1,167-point rise on Tuesday.Markets were disappointed that US President Donald Trump did not announce concrete stimulus/support measures on Tuesday, but measures are still expected in the United States sometime soon and the Wednesday's annual b...Read More
China-based minor metals producer Vital Materials has started to double production of infrared lenses, the company told Fastmarkets.Vital's monthly production capacity of infrared lenses is more than 100,000 units of lenses and this will be doubled, with the company targeting 200,000 components by the end of the month.Each lens contains between 10g and 500g of infrared germanium, depending on the...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Tuesday March 10.China Despite a strengthening yuan, soft overseas demand weighed on the Chinese export price.Foreign consumers were in no hurry to place orders because they had already procured...Read More
#MuriloCoach #ProgramaP??nico #JovemPanO P??nico recebeu nesta quarta-feira (11) o palestrante Murilo Gun, que est?? produzindo o espet??culo "Metamorfose" em S??o Paulo. Ao lado de Allan Dias Castro e Tiago Correa, ele promete transformar a vida das pessoas.Conhecido pelo in?-cio no humor, Gun deu uma guinada na carreira e agora atua como uma esp?(C)cie de coach. Ele virou professor de criativida...Read More
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Investors are sweating over the recent market decline. Stock markets have now entered bear market territory after a 20% fall from record highs. Equity markets in the United States and Canada fell around 5% yesterday after the World Health Organization declared the coronavirus a pandemic.So where do investors park their funds in a market that is bleeding heavily due to the COVID-19 outbreak and fal...Read More
Eagle River Complex, Mishi - Open Pit. Image courtesy of Wesdome River Gold Mines LtdLast year, Wesdome Gold Mines (TSE: WDO) increased production at its Eagle River complex in northern Ontario by 28% to 91,688 ounces of gold while decreasing cash costs by 9% to $621 per oz.The company also increased reserves at Eagle River by 36% while boosting reserve grades 20%. The latest reserve number for...Read More
CEO and Director of O3 Mining, Jose Vizquerra at the Canadian Malartic gold mine in Quebec in 2013. Credit: Jose Vizquerra. O3 Mining has released the results of four holes completed at the Alpha property within its Central Cadillac group of holdings in Quebec. Of the four holes reported in the most recent release, three are from the Bulldog zone which has now been traced over 500 vertical metre...Read More
The camp at Foran Mining's McIlvenna Bay polymetallic project in Saskatchewan. Credit: Foran Mining A pre-feasibility study (PFS) released by Foran Mining (CVE: FOM) for its wholly owned McIlvenna Bay project in Saskatchewan suggests a 3,600 t/d underground mine with on-site processing and tailings storage shipping copper and zinc concentrates to offsite smelters. With a nine-year mine life, av...Read More
Stock image. Key moves in the Canadian mining sectorDavid Sidoo resigned as a director of Advantage Lithium; Sidoo was a founding shareholder of the company.Gordon Guiboche resigned as a director of Anglo-Bomarc Mines. John Lee Wong has been appointed the company's president and to its board.Paul Wright is joining the board of Asanko Gold as chairman; between 1999 and 2007, Wright was th...Read More
Image by Teck. Teck Resources (TSX, NYSE: TECK) announced on Thursday a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy.This builds on the previously announced commitment to be carbon neutral across all its operations and activities by 2050, Teck said.The move comes just weeks after Teck walked away from plans to build the C$20.6 billion ($15.7 bil...Read More
Behavioural finance analyst Ken Norquay says buying energy stocks after the next bear market ends will be like buying the Dow Jones Industrials in mid-1932.Buying energy stocks after the next bear market ends will be like buying the Dow Jones Industrials in mid-1932.Modern journalism is characterized by repetition. When journalists repeat the same thought patterns, readers become comfortable with...Read More