Recent News

WEEKLY SCRAP WRAP: Global prices largely stable amid thin trading

March 10, 2020 / www.metalbulletin.com

Global ferrous scrap prices largely edged up in the week to Friday February 28, with the exception of Turkey, as a result of mainly increased freight rates. Many market participants reported weak trading activity during the week.Limited purchases by TurkeyExport prices in United States West Coast fall, but East Coast quietSentiment deteriorates in Asia on ample Japanese supplyImport prices in Indi...Read More

CHINA REBAR: End-user demand picks up, but selling pressure remains

March 10, 2020 / www.metalbulletin.com

China's domestic rebar prices dropped on Monday March 9 due to selling pressure and early losses in the futures market, though sentiment remained positive with more construction projects restarting work after an extended break after the Chinese New Year.Eastern China (Shanghai): 3,370-3,400 yuan ($486-490) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,260-3,300 yuan per tonne, down...Read More

CHINA HRC: Sellers cut prices to attract buyers

March 10, 2020 / www.metalbulletin.com

China's domestic hot-rolled coil prices dropped on Monday March 9, with sellers making attempts to destock.DomesticEastern China (Shanghai): 3,490-3,500 yuan ($503-505) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,280-3,300 yuan per tonne, narrowed downward by 10 yuan per tonneWith inventories at high levels, sellers lowered their prices to generate buying interest to draw down on...Read More

COBALT SNAPSHOT: Standard grade moves higher; alloy underpinned

March 10, 2020 / www.metalbulletin.com

Key data from the March 9 pricing session in LondonKey driversThe price for standard-grade cobalt increases on the top end of the range; sellers hold firm with offers and are in little rush to drop them for low-volume inquiries. The alloy-grade price holds firm, with several sellers citing market tightness on good demand being reported in the aerospace, medical implant and other downstream ma...Read More

CHINA MANGANESE FLAKE SNAPSHOT: Electrolytic flake prices slide on increased supply, soft demand

March 10, 2020 / www.metalbulletin.com

Key data from the Friday March 6 pricing session in Shanghai.Key drivers Export price for China-origin electrolytic manganese flake plunges after exporters lower their offer prices in a quiet market. Overseas...Read More

BASF, Nornickel, Fortum in battery recycling venture for EV market

March 10, 2020 / www.metalbulletin.com

German chemical conglomerate BASF, Russian miner Nornickel and Finnish state-owned energy company Fortum have signed a letter of intent for a battery recycling cluster in Harjavalta, Finland, serving the electric vehicles (EV) market. The joint venture aims to foster the production and use of responsibly produced recycled raw materials in the battery market, using closed-loop recycling to re-use t...Read More

GLOBAL CHROME SNAPSHOT: UG2 prices near-four year low; stockpiling boosts liquidity in European alloy market

March 10, 2020 / www.metalbulletin.com

Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 6. China  The UG2 chrome ore price hit its lowest level since April 2016 in its third consecutive week of decline.  Spot Chinese ferro-chrome prices steady due to the market awaiting March tender prices from...Read More

US non-ferrous scrap exports mostly flat in Jan

March 10, 2020 / www.metalbulletin.com

US non-ferrous scrap export volumes in January increased by only 1% compared with a year previous, according to data from the US Department of Commerce. Volumes totaled 233,878 tons in January, up from 231,593 tons in January 2019.Of the six scrap metal categories tracked by Fastmarkets - aluminium, used beverage cans (UBCs), copper, lead (other than lead-acid batteries), nickel and zinc - UB...Read More

China's fourth-round copper scrap import quota set at 3,520 tonnes

March 10, 2020 / www.metalbulletin.com

The Chinese government has announced a fourth quota for copper scrap imports, which importers must apply for to bring scrap material into China.A total of 3,520 tonnes of copper scrap will be allowed to enter into China under the latest quota, according to a release on Saturday March 7 from the China Solid Waste & Chemicals Management Bureau, which is part of the Ministry of Ecology and Environmen...Read More

Colombia, Ecuador & Peru Snapshot: Companies active in prospective countries

March 10, 2020 / www.northernminer.com

Colombia, Ecuador and Peru all host prospective geological settings for mineral exploration. While they remain under-explored by modern-day standards, South America's reputation as an established mining destination gives a head start to companies looking to develop projects in these countries. Auryn ResourcesA geologist collects a sample at the Totora target on Auryn Resources' Sombrero copper pro...Read More

Golf Clash tips, Golden SHOT - Eagle Peak Edition *HARD* - 9 (6 HIO) Shots, GUIDE & TUTORIAL!

March 10, 2020 / www.youtube.com

Hey guys and gals,GOLDEN SHOT GUIDE: https://imgur.com/a/QD8CakNTony Richardson channel: Sign up for the best guides on the market www.patreon.com/golfclashtommyBECOME A MEMBER: https://www.youtube.com/channel/UCUKg...-CHECK OUT OUR NEW WEBSITE-https://www.golfclashtommy.comThis is the guide and tutorial for the Golden Shot, difficulty level is Hard. I show you 9 shots which includes 6 hole in one...Read More

Harris Jayaraj Hits Mashup - Rajaganapathy Ft. Priyanka NK | Allan Preetham

March 10, 2020 / www.youtube.com

Here is a Mashup of Harris Jayaraj Hit Numbers featuring two amazingly talented artists, Priyanka & Allan Preetham.Vocals - Rajaganapathy & Priyanka NkMusic / Mix & Master - Allan PreethamShot & Edited - Sanjay SooriyaThanks to Holiday INN - OMR fortheir Hospitality. Thanks to Vivek Anna.Enjoy " Harris Jayaraj Hits Mashup - Rajaganapathy ft.Priyanka NK & Allan Preetham "Stay tuned here for more: h...Read More

Market Crash: Bank of Canada Has a Tough Interest Rate Choice Now

March 10, 2020 / www.fool.ca

Central banks around the world are panicking as their interest rate plans have completely derailed in light of the coronavirus outbreak. The virus that causes COVID-19 broke out in Wuhan, China, earlier in 2020.At writing, cases of the virus in China have increased, and there have been outbreaks in Northern Italy, Korea, and Iran. Forty banks have already cut interest rates due to the pandemic, an...Read More

2 Top TSX Dividend Stocks to Buy for a Bear Market

March 10, 2020 / www.fool.ca

Buying a basketful of the top TSX dividend stocks is a smart play right now. Indeed, a bear market could already be underway, with sentiment taking a downward turn.The next few months will determine whether the record bull run is finally at an end. In the meantime, getting defensive is a strong move.Here are two top stocks to buy now as pundits turn bullish on dividend stocks.Buying the best Canad...Read More

ON THE MOVE: Mining management and board changes

March 10, 2020 / www.mining.com

The March edition of our On the Move newsletter is now available. The monthly publication tracks management and board appointments across Canada's mining and mineral exploration industry.To view a copy of the newsletter, click here.Keep us up to date on your company's latest appointments and achievements by emailing us at [email protected] or sign up for the free newsletter.Read More

Newcrest cuts 2020 gold production forecast

March 10, 2020 / www.mining.com

Red Chris mine, British Columbia. (Image courtesy of Newcrest Mining) Newcrest Mining (ASX: NCM) has lowered its gold production forecast for the full year due to reduced output following the sale of its interest in the Gosowong mine in Indonesia.Australia's largest listed gold miner cut gold production outlook to between 2.1 million ounces and 2.2 million ounces for fiscal 2020, from 2.38 milli...Read More

Pretium lowers Valley of the Kings reserve grade

March 10, 2020 / www.mining.com

Brucejack mine, British Columbia. Image courtesy of Pretivm ResourcesPretium Resources has released updated resources and reserves for the Valley of the Kings zone at the Brucejack mine in British Columbia as well as an updated life of mine plan. Most notable is the 36% drop in the reserve grade for this zone down to 8.8 g/t gold, versus the prior estimate of 13.8 g/t.The resulting mine plan upd...Read More

Franco-Nevada posts record results

March 10, 2020 / www.mining.com

The plant at First Quantum Minerals' Cobre Panama mine. Credit: First Quantum Minerals Royalty and streaming company Franco-Nevada just had its best year ever, reporting revenue of $844.1 million on the sale of 516,438 gold-equivalent oz.Net income for the year was $344.1 million, or $1.83 per share.The final quarter of 2019 was also the company's best quarter ever, with revenue of $258.1 million...Read More

Equinox-Leagold merger complete

March 10, 2020 / www.mining.com

Aurizona gold mine, Brazil. (Image courtesy of Equinox Gold.) Equinox Gold (TSX: EQX NYSE: EQX) and Leagold Mining Corporation announced Tuesday they have completed their business combination, merging to create one of the world's top gold producing companies operating entirely in the Americas. The deal, announced in December, adds Leagold's four mines in Mexico and Brazil to Equinox's port...Read More

America & Corona: A Grim Situation

March 10, 2020 / www.miningfeeds.com

1.The US government is taking Corona very seriously, but only as it relates to the stock market. 2. Instead of trying to save burning stock market investors from an ongoing sleigh ride into the financial abyss, the government needs to start mobilizing the nation's armed forces... for the biggest mass disinfectant program in the history of America.3. Trump is gambling (with millions of l...Read More

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