This program will be the start of exploring the large structural zone running northward from the other company's project.Read full newsRead More
Published 23 Hours AgoUpdated7 Hours AgoReuters Umit Bektas | ReutersPalladium slumped 6 percent on Wednesday as investors booked profits after a rally to record highs and slowing global growth cast doubts over demand for the autocatalyst metal, while gold slipped on a stronger dollar.Palladium fell 6 percent to $1,445 per ounce, the lowest since Feb. 18. The metal had hit a record $1,620.52 last...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed higher Tuesday after investors moved beyond recession fears sparked by the inverted bond curve. Bed Bath and Beyond (BBBY) surged 22% following a report that said a group of activist funds were looking to replace the retailer's board. Shares of Apple (AAPL) were down slightly after the...Read More
Norsk Hydro's Alunorte alumina refinery, located in Brazil's northern state of Par??, is expected to operate at 75-80% of its capacity two months after the receipt of approval from the Brazilian federal court in Bel?(C)m, Norsk Hydro Brazil's executive vice president of bauxite and alumina said.According to John Thuestad, this approval, which will be debated at an April 4 meeting between Hydro and...Read More
A summary of base metals premiums from across the globe for the week to Tuesday March 26.Please click...Read More
Nickel's three-month price on the London Metal Exchange was higher at the close of trading on Tuesday March 26, at $13,105 per tonne, with dip-buying emerging despite continued strength in the US dollar index. The US dollar index was just under the psychological level of 97. Total LME nickel stocks remain at their lowest level in seven years at 183,582 tonnes, with just 116,292 tonnes on-warr...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday March 26 that are worth another look.The London Metal Exchange has announced a six-month suspension of listing fees for new cobalt brands on the exchange in a note to members on Tuesday March 26 amid emerging liquidity concerns from producers. There are no concerns surrounding the availability of bauxite to meet ongoin...Read More
The Tuesday Market Minute Global stocks edge higher, with Asia rising for the first session in three, while investors continue to take cues on risk from movements in fixed income markets.U.S. Treasury curve remains inverted between 3-month bills and 10-year notes after tipping for the first time since 2007 last week, ahead of a key $40 billion auction of 2-year notes later in the session.U.K. Pr...Read More
Norsk Hydro's Alunorte alumina refinery, located in Brazil's northern state of Par??, is expected to operate at 75-80% of its capacity two months after the receipt of approval from the Brazilian federal court in Bel?(C)m, Norsk Hydro Brazil's executive vice president of bauxite and alumina said.According to John Thuestad, this approval, which will be debated at an April 4 meeting between Hydro and...Read More
The government of Guinea is seeking to develop and integrate its mining sector in order to use the country's mineral resources to secure diversified domestic economic growth, according to the west African country's minister of mines and geology.Abdoulaye Magassouba told delegates to Fastmarkets' 25th annual bauxite and alumina conference in Miami, on Tuesday March 26, that a key driver for his gov...Read More
The London Metal Exchange has announced a six-month suspension of listing fees for new cobalt brands on the exchange in a note to members on Tuesday March 26, amid emerging liquidity concerns from producers."[A] number of cobalt producers have indicated a desire to list their brand on the LME," the exchange said in the note, "but have expressed concerns that, in the event that the 'user choice' mo...Read More
Fastmarkets has extended the consultation period for a proposed change to the specification of its domestic Chinese indium price assessment until Tuesday April 23.On February 25, Fastmarkets proposed to increase the minimum tonnage of its domestic Chinese indium price assessment to 50 kilograms to better reflect the dynamics of the market.The goal of a minimum tonnage is to exclude any deal that,...Read More
Steelmakers in Turkey continued to stay out of the deep-sea scrap market on Tuesday, March 26, due to the volatile Turkish lira, sources told Fastmarkets.Having slumped to TRY100 to $17.41 on Monday - compared with TRY100 to $18.31 on March 18 - the lira regained some ground following an intervention by the Central Bank of the Republic of Turkey (TCMB). The currency had been de...Read More
The government of Guinea is seeking to develop and integrate its mining sector in order to use the country's mineral resources to secure diversified domestic economic growth, according to the west African country's minister of mines and geology.Abdoulaye Magassouba told delegates to Fastmarkets' 25th annual bauxite and alumina conference in Miami, on Tuesday March 26, that a key driver for his gov...Read More
Northwest China's non-ferrous metals producer-Baiyin Nonferrous Group will suspend one third of its zinc production lines from March 26 for a 20-day planned maintenance period, market sources told Fastmarkets MB.The company runs six, zinc operation lines and will halt two from today until the middle of April. "About 2,500 tonnes of zinc will be removed in Baiyin during March 26-31 [because of the...Read More
Three-month base metals prices on the London Metal Exchange had a mixed start to trading on Tuesday March 26 while recessionary fears subsided. The US 10-year bond yield has rebounded off the 2017 lows reached on Monday, providing global markets with some relief and allowing Asian equity indexes to trade confidently higher on the back of improved risk sentiment.In terms of volume, a total of 4,497...Read More
The prices for flat steel products imported into the United Arab Emirates have been stable over the past week with levels of demand remaining low but consistent, Fastmarkets heard on Tuesday March 26.Demand among end-users has been weak, so buyers were unwilling to place orders for large tonnages, sources told Fastmarkets.In addition, some market participants were expecting prices to come down bec...Read More
Exporters of Chinese hot-rolled coil lowered their prices slightly on Tuesday March 26 on sparse trading, while those in China's domestic market were remained largely steady amid slowing downstream demand.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, unchangedNorthern China (Tianjin): 3,800-3,810 yuan per tonne, narrowing downward 10 yuan per tonneWhile prices have been...Read More
Prices for steel rebar and billet in the United Arab Emirates were again unchanged this week as a result of continuing moderate demand, sources told Fastmarkets on Tuesday March 26.Local rebar producers rolled over their domestic prices for rebar on March 13 and have not announced any changes since then.Rebar importsOman was offering rebar to the UAE at $530-540 per tonne cpt, but no new...Read More
By: IRA EPSTEINGOLD IS AT A KEY JUNCTURE:Read More