Weak demand for new energy vehicles (NEVs) in China is expected to hit domestic Chinese cobalt prices and could see Chinese demand for imported hydroxide fall. But, seaborne prices for processed materials could become tight because China is the world's largest processor of cobalt, some of which is exported. Supply and stocks Production halts (Mutanda) have caused concern about tightness, but...Read More
China imported 1,623 tonnes of cobalt metal in 2019, up 54.6% from 1,050 tonnes in 2018, according to official but unconfirmed data seen by Fastmarkets. Fourth-quarter shipments totaled 527 tonnes, up 24.3% from 424 tonnes in the third quarter and up eightfold from 58 tonnes in the fourth quarter of 2018. Chinese appetite for seaborne cobalt metal grew in 2019 due to a narrowing of the import arbi...Read More
Tight spot availability, mainly resulting from the extended Chinese New Year holiday, as well as transportation disruptions during the Wuhan coronavirus outbreak have underpinned the cobalt sulfate price in China. Fastmarkets' price assessment of cobalt sulfate 20.5% Co basis, exw China rose to 52,000-53,000 yuan ($7,456-7,600) per tonne on Wednesday February 5, up 4% from 50,000-51,000 yuan per t...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works,...Read More
A summary of the financial results for Finnish stainless steelmaker Outokumpu for the fourth quarter and full 12 months of its 2019 financial year.In briefThe company noted the effects on its earnings of "exceptionally low deliveries across all business areas" and high nickel prices.High import volumes as a result of US trade wars were blamed for the struggles of the European market and the intens...Read More
Restricted access to ore already in ports presents the threat of alloy shutdowns, both of which could provide short-term price support for ore and alloy, but the accompanying ore stockbuild in ports is expected to offset gains longer term. Supply and stocks Ore supply from South Africa and Australia has not been much affected much by the coronavirus outbreak so far, although there are talks o...Read More
Most ferro-chrome smelters had covered their ore needs for this week and logistics disruptions are minimal between ports and many major smelters. But logistics disruptions are hitting mills as they seek alloy. Predictions of higher prices have not been realised so far. Supply and stocks Chrome ore inventories at the main ports of Tianjin, Qinzhou, Lianyungang and Shanghai: 3.12-3.42 million t...Read More
All Tommy's content is on https://tr.newsThis video will probably be set to limited state soon after upload. That is how YouTube operates on material the UK Government doesn't want you to see, feel free to download and re-upload this content everywhere.Read More
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The silver miners' stocks are looking interesting. While they really lagged silver's surge on gold's bull-market-breakout rally last summer, their upleg since remains intact. Gold stocks' own upleg peaked in early September. And silver itself remains wildly undervalued relative to gold, overdue to mean revert dramatically higher. When that happens during gold's next upleg, the silver stocks have b...Read More
Coal mining. (Image from Pixabay) After a Jekyll and Hyde year in 2019, and a decade characterised by China's disruption of the met coal trade, participants can be forgiven for being sick of change. But research firm Wood Mackenzie believes a shift toward consistency and stability is probably too much to ask for in 2020 as China continues to play powerbroker over the seaborne market and spot pr...Read More
File image. Competition for skilled workers within the Canadian mining industry is already fierce, and with companies in other countries also actively recruiting Canadian graduates and workers, it creates a significant skills gap in the sector, according to The Mining Association of Canada's latest report. Canada's mining industry is worth C$47 billion, with C$29.6 billion concentrated in Ont...Read More
Heap leaching process at Mantoverde. (Image courtesy of Queen's University.) Japanese powerhouse Mitsubishi Materials Corporation (MMC) has acquired a 30% stake in Mantos Copper's Mantoverde mine and associated projects in Chile for $263 million.MMC has actively been seeking to participate in high-quality copper projects to secure concentrate for its copper smelters as demand for the industrial m...Read More
Credit: Geomega Resources Inc. Geomega Resources (TSX.V: GMA) has secured the required project financing to build the rare earths magnet recycling demonstration plant in St-Bruno-de-Montarville, Quebec.Investissement Quebec, acting as agent of the Quebec government, will provide C$1.72 million in debt financing to Geomega based on a project evaluated at C$3.2 million including capital costs and w...Read More
Woodsmith Mine aerial view, August 2019. (Image courtesy of Sirius Minerals.) Sirius Minerals (LON:SXX), the British junior struggling to build a huge fertilizer mine beneath the North Yorks Moors national park, has set up the timetable for Anglo American's ?405 million (about $524m) planned takeover and opened a helpline to explain to shareholders why they should accept it."There is no alterna...Read More
The silver miners' stocks are looking interesting. While they really lagged silver's surge on gold's bull-market-breakout rally last summer, their upleg since remains intact. Gold stocks' own upleg peaked in early September. And silver itself remains wildly undervalued relative to gold, overdue to mean revert dramatically higher. When that happens during gold's next upleg, the silver stocks have b...Read More
IGO's Peter Bradford predicted an "explosion" of copper and nickel demand.Read More
Today is Friday, February 7, 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 $1,572.70. It's up 0.40% from yesterday and up 20....Read More
Today is Friday, February 7, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of BP Prudhoe Bay Royalty Trust (NYSE: BPT), Denbury Resources (NYSE: DNR), and Archrock (NYSE: AROC).BP Prudhoe Bay Royalty Trust (NYSE: BPT)BP Prudhoe Bay Royalty Trust (NYSE: BPT) is a $156.86 million company today with a one-year return of -69.58%. Let's look at its price-to-e...Read More