Seaborne iron ore prices were flat on Monday May 3 amid limited trading activity due to the Labor Day holiday in China from May 1-5. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $188.85 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne, unchanged 58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne, unchanged 65% Fe Brazil-origin fines, cfr Qingdao:...Read More
Limited trading activity in the seaborne coking coal market kept prices largely flat on Monday May 3.Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.13 per tonne, up $0.35 per tonnePremium hard coking coal, cfr Jingtang: $226.79 per tonne, unchangedHard coking coal, fob DBCT: $103.71 per...Read More
Seaborne iron ore pellet and concentrate prices rose further in the week ended Friday April 30, with healthy mill margins stimulating steelmakers' appetite for high-grade steelmaking raw materials.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $227.01 per tonne, up $7.88 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $262.04 per tonne, up $9.66 per tonne Key driversHigh prices f...Read More
The CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment for the lithium hydroxide battery grade, spot price cif China, Japan & Korea, was traded for the first time on Monday May 3. A total five tonnes was traded at $14.25 per kg on Monday, the same...Read More
The return of high copper prices has come in the nick of time for Chile, but as the price for the red metal rallies, politicians believe the mining industry could be contributing significantly more to help the country through the Covid-19 pandemic.Long-viewed as the most stable destination for foreign investment in South America, Chile's increasingly fraught political scene is increasing risks for...Read More
A new whitepaper by Roskill that examines the potential of patent analysis to understand the lithium-ion battery technological landscape found the market trend is decidedly leaning towards nickel, cobalt, manganese and aluminum in terms of material utilization.Next to these metals is also silicon which, according to Roskill, is gaining share in commercial products and could be considered a technol...Read More
Commodities exchange operator CME Group launched on Monday a futures contract for lithium, seeking to capitalize on growing demand for the key ingredient in the batteries that power electric vehicles (EVs) and high tech devices.Five tonnes were traded at the Lithium Hydroxide CIF CJK on the first session at US$14.25 per kg. The price is settled against Fastmarkets' assessment for lithium hydroxide...Read More
Key raw materials from iron ore to grain rally in tandem as global economy picks upRead full newsRead More
The timeline is the most detailed Ford has given for such production, but it doesn't mean the company will be producing battery cells by then.Read full newsRead More
Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property ...Read full newsRead More
SECACO, Burkina Faso (AP) - For months, human traffickers beat and drugged Blessing,...Read full newsRead More
Canaccord Genuity Stick to Their Hold Rating for Eldorado Gold CorpRead full newsRead More
American Eagle Gold Corp. is pleased to announce that effective tRead full newsRead More
Kenorland Minerals Ltd. is pleased to announce that is has acqRead full newsRead More
The average long-term market rate of return is about 7%. So, it’s extraordinary that these three TSX stocks have at least 40% upside potential over the next 12 months!Like gold or silver?All the money printing around the world is making fiat currencies like Canadian dollars and U.S. dollars worth less. This, in turn, should make gold and silver worth more.Investing in Wheaton Precious Metals...Read More
Buying the dip on beaten-down stocks may sound like a risky proposition. However, it may also provide investors an opportunity to buy stocks at an attractive valuation. We’ll look at three such undervalued gems you can buy on the TSX today.Real MattersReal Matters (TSX:REAL) stock is trading 20% below its 52-week high. This company provides residential and real estate appraisal as well as ti...Read More
Uranium Participation (TSX:U) is a company whose primary purpose is to invest in uranium such that the common shares of the company represents an indirect interest in physical uranium. An investment in the common shares of the company provides investors with exposure to increases or decreases in the value of the company’s underlying assets.Exposure to precious uraniumIn the case of Uran...Read More
It started with toilet paper, hand sanitizer, and cleaning products. It went to lumber, yeast and flour, and gardening supplies. It went further to housing, basic commodities, and onwards to... ketchup?Pandemic shortages abound. Pandemic rebound shortages are even worse.The cascade of things that we suddenly don't have enough of goes on and on. Contrary to gut reactions, it does make sense, and it...Read More
May 04, 2021 Guest(s): Chris Vermeulen Chief Market Strategist, The Technical Traders Tuesday saw a broad market selloff as equities tumbled alongside safe have assets like gold. As of 1:00 pm EST, the S&P 500 fell 1.15%, and gold dropped by 1%. Speaking to David Lin, anchor for Kitco News, Chris Vermeulen, chief market strategist of TheTechnicalTraders.com, said that a broad market correcti...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 4 that are worth another look.Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in...Read More