The seaborne iron ore market has been bolstered on Tuesday March 10 amid concerns over supply constraints from Brazil and positive expectation for steel demand in March and April. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $92.09 per tonne, up $4.13 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $93.40 per tonne, up $4.13 per tonne58% Fe fines high-grade premium, cfr Qing...Read More

The publication of Fastmarkets China Domestic Coking Coal price estimate for Monday March 9 was delayed due to an administrative error. The Fastmarkets pricing database, MInD, has since been updated. Below are the details of the price.Price name: MB-COA-0001 Hard coking coal domestic China spot market , Shanxi-origin, delivered Tangshan Quality:Volatile matter: 75 Y value: >16 Ash: <=11.5 Su...Read More

China's domestic hot-rolled coil market stopped falling on Tuesday March 10 on strengthening downstream demand, with prices in the eastern region holding steady while those in the north edging up.DomesticEastern China (Shanghai): 3,490-3,500 yuan ($503-504) per tonne, unchangedNorthern China (Tangshan): 3,290-3,310 yuan per tonne, up 10 yuan per tonneDownstream demand is picking up with more manuf...Read More

China's domestic rebar prices picked up on Tuesday March 10 on a pick-up in trading activity due to rising futures.Eastern China (Shanghai): 3,410-3,440 yuan ($491-495) per tonne, up 40 yuan per tonne Northern China (Beijing): 3,270-3,310 yuan per tonne, up 10 yuan per tonneMore transactions were concluded during the day compared with Monday, with rebar futures charting big gains, sources said.End...Read More

Base metals prices were up across the board this morning, Tuesday March 10, on expectations that central banks and governments will step in to stop the rout. This follows Monday's slump across a broad set of assets that saw the base metals on the London Metal Exchange down by an average of 4.3% at their lows, oil futures slump by more than 35%, the Dow Jones Industrial Average Index (DJIA) off by...Read More

Beijing has taken measures to resuscitate its sluggish logistics sector by cutting port fees in a bid to encourage businesses to increase their import and export activities.Chinese Premier Li Keqiang announced measures on March 3 during a State Council meeting to reduce several port fees. Port construction duties have been suspended until June 30. The port construction duty is a levy on businesses...Read More

As Euro Manganese (TSXV: EMN; ASX: EMN) advances feasibility studies at its wholly owned Chvaletice manganese project about 90 km east of Prague in the Czech Republic, it has also been lining up potential customers for planned output from its demonstration plant, which is projected to come online in late 2020.So far, the company has queued up five prospective customers for about 55% of the planned...Read More

What was surprising about the Prospectors and Developers Association of Canada (PDAC) conference this year was how many people actually showed up, with Covid-19 ripping around the world. According to figures from Johns Hopkins' Coronavirus Resource Centre on March 10, 118,101 people have been infected and 4,262 have died.While many conferences and large gatherings elsewhere have been cancelled, th...Read More

What a year it’s been for uncertainty. Tension in the Middle East flared up just as the trade war was ending. And then the coronavirus erupted no sooner than the threat of war had been nipped in the bud. The TSX Index was down 10% at the start of the week. It’s certainly a tough time to stay bullish.However, great TSX stocks are selling for a fraction of their worth. Contrarians facing...Read More

Rescuers in Brumardinho, Brazil, following the collapse of the dam at the Corrego do Feij??o iron ore mine. Photo by Diego Baravelli, Wikimedia Commons. After the disasters of Mariana and Brumadinho, Vale (NYSE: VALE) said on Wednesday that will install an audit committee to improve company's corporate governance.The committee will assist the Board of Directors in supervising the internal audit a...Read More

Image from Wikimedia Creative Commons. ABN AMRO released on Wednesday a report that questions gold's traditional role as a safe-haven asset and predicts lower gold and silver prices for the rest of the year. In its report, the Dutch bank said it sees gold prices averaging $1,523 an ounce this year, up from its previous forecast of $1,490 but down significantly from current prices. The bank's pr...Read More

Building a bull market. Shanghai construction. File image. Copper and iron ore prices have held up surprisingly well as markets in the West belatedly come to grips with the coronavirus pandemic and China shifts focus from containment to rebuilding its economy following more than two months of inactivity. On Wednesday BMO Capital Markets held a conference call with PRC Macro, a consulting firm fo...Read More

Training underground (Credit: Nokia).Nokia will deploy its private LTE digital automation platform at Norcat's underground centre in Sudbury, Ontario, to establish an underground global mining innovation centre. Nokia is collaborating with Norcat and Canada's Centre for Excellence in Next Generation Networks (CENGN) to deploy the network connectivity. Nokia's automation cloud will enable secur...Read More

Treasury Metals' Goliath gold project in Ontario.Credit: Treasury Metals. Treasury Metals (TSE: TML) and Platinex (CNSX: PTX) have entered into a non-binding agreement to consolidate their adjoining properties in northern Ontario's prospective Shining Tree district.Under the agreement, Treasury would transfer its wholly owned 50.5-sq.-km Shining Tree Fawcett East property to Platinex in exchan...Read More

Rarely at the top of the buy list of leading investment banks Australian-listed Alumina, which takes its name from what it produces, and Iluka Resources, a titanium minerals and zircon specialistRead More

Brand Finance looks at marketing investment, stakeholder equity and the impact of those on a company's performance to produce its brand strength rating.Despite falling 1.1% year on year, Rio's score of 71.8 beat BHP's 71 after the latter registered a 2.5% drop versus 2018. Vale came third with a score of 66.2, down 5.2%."As with the majority of brands in the ranking, Rio Tinto has dropped in brand...Read More

Share this articleTORONTO - The Metro Toronto Convention Centre should have been bustling Wednesday with guests at a two-day retail, marketing and technology conference, but the event's plans changed with the news that a Sudbury man who visited the venue last week had contracted a novel form of coronavirus.DX3 organizers said Wednesday that they had cancelled the second day of their annu...Read More

Today is Wednesday, March 11, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,640.55. It's down -0.80% from yesterday and up...Read More

Today is Wednesday, March 11, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Helix Energy Solutions Group (NYSE: HLX), ProPetro Holding Corporation (NYSE: PUMP), and Apergy Corporation (NYSE: APY).Helix Energy Solutions Group (NYSE: HLX)Helix Energy Solutions Group (NYSE: HLX) is a $364.41 million company today with a one-year return of -62.09%. Let's...Read More

Oil prices crashed to as low as $27.34 per barrel last Sunday.If that wasn't enough to make the entire sector collectively cringe in pain and immediately avert their eyes from their screens, I don't know what would.But this isn't our first rodeo, is it?Back in 2014, we had to watch helplessly as OPEC waged a brutal price war against U.S. shale companies. If you were spared that carnage, then you d...Read More