Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px; font: 18.0px 'FagoNoRegularLF-Roman'} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; line-height: 10.5px; font: 9.0px 'Antwerp Light'; min-height: 11.0px...Read More
Brazilian vehicle output shrank by 3.9% year-on-year during December 2019, because higher domestic registrations were not enough to offset the continuing tumble in export volumes, local automakers' association Anfavea said on Tuesday January 7.The country produced 170,501 units in the last month of 2019, in comparison with 177,503 units a year before. These were the lowest monthly figures since 14...Read More
China's steel demand will remain largely flat in 2020 due to an anticipated softening of its automotive and shipbuilding industries, according to the China Metallurgical Industry Planning & Research Institute (MPI). The government research agency expects China's total steel demand in 2020 to amount to 881 million tonnes, down 0.6% from its forecast for 2019. It forecast China's 2019 steel demand t...Read More
Demand for flat steel products in Turkey was strong in December 2019 because of restocking purchase activity as well as globally increasing prices, market participants told Fastmarkets on Tuesday January 7.Local producers have now filled their order books until late March, sources added.Demand was strong in Turkey in November because of the rising prices, and continued to be strong in December.And...Read More
This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 7.Click on...Read More
This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More
Two asset types have shot up since the instigation of the explosive situation in the Middle East last week: oil and gold. There’s a logic behind these movements, however.Momentum investors are betting that oil prices will rocket in the event that the tension in Iraq boils over, with the possibility of a bottleneck at the Strait of Hormuz. Gold, on the other hand, is a classic defensive play...Read More
(Image: Wikimedia Commons) After spiking to a near seven-year high when news of an Iranian missile attack on a US base in Iraq first broke, the price of gold plummeted on Wednesday. Wednesday was one of the worst trading sessions in dollar terms in gold market history with the gold price dropping to $1,553.40 an ounce in afternoon trade - down 3.7% or $59.90 an ounce from the peak above $1,600 re...Read More
Neptune Terminals, one of the largest multi-product bulk terminals in North America, has the capacity to handle more than 24 million tonnes a year. Credit: Neptune Terminals Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced Wednesday an expanded commercial agreement with Ridley Terminals Inc. (RTI) for shipments of steelmaking coal from Teck's British Columbia operations. The...Read More
Credit: Epiroc Last year, Aramine was appointed as the as official distributor of Epiroc products for underground mines and tunnels in France and in several strategic countries in central and west Africa.The Epiroc range complements Aramine's portfolio of machines. According to Marc Melkonian, Aramine's president, "Epiroc's trust is a mark of recognition of our long-standing partnership, and this...Read More
Decar nickel-iron project, British Columbia. Image by FPX Nickel FPX Nickel has released the results of pressure leaching testwork on nickel concentrates from its 245-sq.-km Decar nickel project located in central British Columbia. Based on nickel recoveries in excess of 98%, the company believes that the resulting solution could be an ideal feed for the production of nickel sulphate and cobalt s...Read More
Credit: Blast Movement Technologies Hexagon has announced the acquisition of Blast Movement Technologies (BMT) from RCF Jolimont Mining Innovation. BMT supplies a unique blast movement measurement technology to the global mining industry. BMT's technology enables accurate delineation of ore boundaries after blasting in open pit mining. This enables miners to recover more ore, increasing efficienc...Read More
Bernstein analysed long-term price to earnings (Shiller P/E) for the mining industry, finding valuations are at 100-year lows.Read More
Under terms of the agreement effective from January 2021-2027, Teck will increase contracted shipping capacity from the Price Rupert terminal from three million tonnes per annum to 6Mtpa, with anRead More
BMT had been owned by RCF Jolimont Mining Innovation, which bought the company from its founders in 2015.The BMT technology allows the accurate delineation of ore boundaries after blasting in opencut mines, helping miners reduce waste and only target the material they need. It involves putting orange softball-sized sensors into the blast holes. After the blast those sensors are tracked to fin...Read More
Today is Wednesday, January 8, 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 $1,560.30. It's down -0.89% from yesterday and u...Read More
Today is Wednesday, January 8, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Devon Energy Corporation (NYSE: DVN), Enbridge (NYSE: ENB), and ONEOK (NYSE: OKE).Devon Energy Corporation (NYSE: DVN)Devon Energy Corporation (NYSE: DVN) is a $9.748 billion company today with a one-year return of 4.5%. Let's look at its price-to-earnings (P/E) ratio, its enter...Read More
For the first time since 2013, the price of gold rallied overnight, hitting $1,600 an ounce after it was reported that more than a dozen Iranian missiles were fired at a U.S. military base overnight in Iraq.Safe-haven buyers wisely began purchasing gold last week following the assassination of Iranian Major General Qasem Soleimani, which is assumed to have prompted last night's attack. Since then,...Read More
- Gary ChristensonBreaking news: The impeachment circus continues, the trade deal is both off and on, tweets and Iran news move the market, S&P 500 Index hit new highs (thanks to central bank liquidity), and more of the same nonsense will unfortunately create more of the same.WHAT HAPPENS TO PRICES NEXT DECADE IN FIVE TO TEN YEARS?What we know, think we know and speculation:WHAT WE KNOW THAT HAS...Read More