Export prices for Chinese rebar picked up slightly on Thursday January 9 on an appreciating yuan, while the domestic market was flat amid inactivity.Eastern China (Shanghai): 3,680-3,710 yuan ($530-534) per tonne, unchanged Northern China (Beijing): 3,540-3,570 yuan per tonne, unchangedRebar demand remained persistently weak, which continued to weigh on prices during the day.Traders did not lower...Read More
Chinese stainless steel prices maintained their downward trend over the past week amid sparse trading activity.Nickel futures on the London Metal Exchange and the Shanghai Futures Exchange picked up in the first couple of days this week after falling sharply, but they failed to push up spot prices for stainless steel due to soft demand, sources said.The three-month nickel contract on the LME ended...Read More
Trader and consumer restocking sent prices for cobalt metal higher on Wednesday January 8, with firmer Chinese equity markets, salts prices and raw material payables also underpinning sentiment. Fastmarkets assessed the price for cobalt standard grade, in-whs Rotterdam at $15.55-16.50 per lb on Wednesday, up 2.4% from Friday. The cobalt alloy-grade, in-whs Rotterdam price was marginally...Read More
Join Fastmarkets' web seminar on what could be in store for the minor metals markets now most stocks formerly held by the Fanya Metal Exchange in China have been sold off in auctions.The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015.Fastmarkets wi...Read More
A second auction for the 3,609.5 tonnes of indium once held by the defunct Fanya Metal Exchange has been scheduled for January 17, according to an official notice published via the Alibaba judicial online platform on Thursday January 9.The latest sale comes after a previous auction at the end of last year failed to attract any bids.Next week's auction will close at 10am Shanghai time on January 18...Read More
Key data from Wednesday January 8 pricing session in Shanghai and London. Key drivers Spot buying appetite for cobalt hydroxide has picked up considerably since late last month amid strength in downstream cobalt sulfate prices in China, while rising inquiries resulted in higher offer prices from suppliers.Consumers, especially those who have not engaged in any long-term supply contracts,...Read More
Meat-free foods could go mainstream in the 20s, as everything from ethical consideration to climate change and cost efficiencies weigh on the agri sector. Four big names offer access to the huge growth market potential of alternative protein: Beyond Meat for a pure play, Nutrien for agri market dominance, and Restaurant Brands (TSX:QSR)(NYSE:QSR) and McDonald’s for less-direct exposure....Read More
If you are considering buying gold because you are looking for a safe haven to store some wealth, you are not alone.As we can see by gold’s steady appreciation over the last eight months, there have been many events that have served to increase fear in the markets.This has driven a number of people to get some initial exposure and increase it as the fear around the world continues to grow.Bu...Read More
Warren Buffett has often shot down gold as an investment when the topic has come up in the past. Over prolonged periods, the “magical metal was no match for the American mettle.” according to Buffett, who is no fan of the “unproductive asset” that is gold.Gold has become a hot topic again, with tensions building the Middle East. While many folks see gold as an excellent ins...Read More
Photo courtesy of Tugliq Energy and Raglan Mine, a Glencore Company, 2019 award recipient.The Art of mining, PwC Canada's annual photography contest celebrating the Canadian mining industry at home and abroad is back.Canadian mining companies are reimagining the way they work to prepare themselves for growth in the long term. The speed of technological change is unrelenting, and the industry is f...Read More
Piles of Salt, Salar de Uyuni Bolivia Luca Galuzzi - Image courtesy of Wikimedia Commons Investment in battery manufacturing plants and electric vehicle factories continues to boom around the world, but for now the market for lithium shows no signs of emerging from a four-year slump. Prices for the raw material used in lithium-ion batteries fell again at the end of last year, according to the D...Read More
Credit: BDG International Inc. New ocean shipping regulations could have a big impact this year.Under International Maritime Organization (IMO) rules that came into effect on Jan. 1, emissions from fuel used in ocean carriers cannot exceed a sulphur content of 0.5%.With current sulphur content at about 3.5%, the coming switch to low-sulphur fuel is enormous, both as an undertaking and in its far-...Read More
High grade silver sample from Castle mine. Image from Canada Cobalt Works. Canada Cobalt Works (TSXV: CCW) announced Friday that assays from the second wedge hole at the Robinson Zone at Castle East, a new grassroots high-grade discovery in Ontario adjacent to three past producers, have returned 70,380 g/t silver (2,053 oz/ton) over 0.30 meters within a broader zone of 1.4 meters 20,136 g/t...Read More
Fosterville operation in Australia. Photo by Kirkland Lake Gold Kirkland Lake Gold (TSX, NYSE: KL) has announced record gold production for the fourth quarter and full year 2019. Production in Q4 2019 reached 279,742 ounces, an increase of 21% from the 231,217 ounces for the same period in 2018, driven mainly by record quarterly production at the Fosterville mine in Australia.Full-year production...Read More
Strong drill results have confirmed & expanded the Bend Vein target on Scottie Resources' 100% controlled Bow property. During September, the Company completed 878 meters of diamond drilling, two km NE of the 100%-owned past-producing Scottie Gold Mine located in the Golden Triangle ("GT") of northwest British Columbia, Canada.Readers are reminded that Scottie Resources Corp. (TSX-V: SCOT) ow...Read More
Significant power disruptions and adverse weather saw Tharisa produce 342,500 tonnes of chrome concentrate (up 0.2%) and 34,400t of PGMs (down 9.5%) in Q4.Read More
GoviEx Uranium Inc. (TSX-V: GXU; OTCQB: GVXXF) https://www.goviex.com/ is a mineral resource company, focused on the exploration and development of uranium properties in Africa. GoviEx's principal objective is to become a significant uranium producer, through the continued exploration and development of its flagship mine-permitted Madaouela Project in Niger, its mine-permitted Mutanga Project in Z...Read More
The U.S. liquefied natural gas (LNG) market is the fastest-growing and most potentially profitable sector of fossil fuels for both individual investors like you and me and the American economy as a whole. It's big.But there's one major obstacle that threatens to disrupt the U.S. LNG market over the next few years: Russia.Let me back up for a moment...LNG is a recently developing market. But it is...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 383,48061,189139,363202,452558,533725,295759,085 Change from Prior Reporting Period 1,8607,494-1,248-473-10,883139-4,637 Traders 23670875458324185 Small Speculators LongShortOpen Interest 60,56226,772785,857 -4484,328-309 non reportable positionsChange fr...Read More
- Richard (Rick) MillsGold's safe haven status was tested this week, as Iran countered the assassination of its top military commander with missile strikes against two Iraqi bases housing US troops.On Tuesday night Tehran fired over a dozen missiles at the Al-Asad airbase and Erbil airport, in obvious retaliation against an American drone strike a few days earlier that killed General Qasse...Read More