Turkish domestic scrap prices increased over the past week due to the recent upturn in imported scrap values, market sources told Fastmarkets on Tuesday May 4.Turkish steel mills sped up their deep-sea scrap purchases at the end of the last week, with Asian demand for steel products increasing sharply after China confirmed it had cancelled its export tax rebate on some steel products.Fastmarkets'...Read More
Liquidity in the seaborne iron ore market remained weak on Tuesday May 4 due to the Labor Day holiday in China (May 1-5) despite several active bids on trading platforms, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $188.85 per tonne,unchanged62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne,unchanged58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne,unc...Read More
Seaborne coking coal prices remained largely flat day on day on Tuesday May 4, despite some limited trading activity. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.03 per tonne, down $0.10 per tonnePremium hard coking coal, cfr Jingtang: $226.79 per tonne, unchangedHard coking coal, fob DBCT: $103.71 per tonne, unchangedHard coking coal, cfr Jingtang: $204.19 per tonne, unchangedIn t...Read More
Australia-listed Tombador Iron Limited has been granted a mining concession for the Tombador project in Brazil's Bahia state by the country's Ministry of Mines and Energy and expects to begin production in the current quarter.The company, which wholly owns the high-grade iron ore lump project, is awaiting the award of an operating license from the Brazilian state's department of environment before...Read More
Solar ETF (TAN) moved below $80.80 extending an intermediate downtrend.Peloton (PTON), a NASDAQ 100 stock moved below $94.00 completing a Head & Shoulders pattern.Applied Materials (AMAT), a NASDAQ 100 stock moved below $128.31 completing a double top pattern.Pembina Pipelines (PPL), a TSX 60 stock moved above $38.33 extending an intermediate uptrend.Bausch Health (BHC), a TSX 60 stock moved b...Read More
The CME Group's cash-settled lithium futures contract, which is settled against Fastmarkets' assessment of the spot price for battery-grade lithium hydroxide in China, Japan and South Korea, was traded for the first time on Monday May 3.A total of five tonnes was traded at $14.25 per kg on Monday, the day the contract was launched, for delivery in June 2021, according to the CME.Fastmarkets' lates...Read More
With Chinese markets closed, volume traded on the London Metal Exchange has been light this morning, Tuesday May 4, with 2,368 lots traded as of 6.14am. But the base metals were holding up in high ground with gains averaging 0.7%, led by a 1.1% rise in copper to $9,916.50 per tonne. The US Dollar Index, recently at 91.16, was consolidating off last week's low of 90.42Base metalsThe rallies in the...Read More
The European manganese alloy markets climbed strongly over the week to Friday April 30, propelled by strong spot demand from consumers in the steel sector as well inter-merchant trade.Prices for both silico-manganese and high-carbon ferro-manganese hit ?,?1,300 per tonne delivered at the top of their respective price ranges on Friday, a level last seen in each market more than four years ago in ea...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 20.40-21.15...Read More
- CK Gold Project Pre-Feasibility Study remains on track for a mid-year release- The program will be designed to assess complete information necessary to work toward a Feasibility Study by the end of 2021 or early 2022- PFS mine planning, metallurgical testing, process design, hydrological, geotechnical, environmental studies and social outreach are ongoingCHEYENNE, Wyo., May 4, 2021 /PRNewswire/...Read More
This week's episode features Agnico Eagle Mines' Q1 2021 conference call with CEO Sean Boyd, who discusses the company's efforts on ESG and coronavirus vaccinations, as well as the latest exploration targets at Hope Bay and Canadian Malartic. He also expands on the company's strategy to 'optimize existing assets' in jurisdictions with low geopolitical risk.Also, Revival Gold president and CEO Hugh...Read More
Tasked with talking about the role of mining in society as part of the opening plenary at this year's virtual CIM convention, Anglo American (LSE: AAL) chief executive Mark Cutifani didn't mince words.With a world population of 7.6 billion that's growing toward 9 billion, "the simple fact is that the world cannot survive without mining and our contribution to literally every aspect of modern life,...Read More
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Mining stocks columnist Mike Kachanovsky says Manganese X has been one of the hottest junior mining stories over the last few quarters.Manganese is an essential mineral element in cathodes for for lithium-ion batteries in electric vehicles.The push towards widespread adoption of electric vehicles (EVs) is putting a strain on supplies of many critical commodities. For example, lithium is essential...Read More
Monday’s trading session saw futures for Canada's main stock edge higher on rising gold prices. As investors wait for a reading on factory activity data and earnings update, it is still early to discuss the pace of economic recovery in Canada and abroad. Gold futures GCc2 gained 0.7% to $1,780.1 per ounce, helped by a pullback in the U.S. dollar and Treasury yields while worries o...Read More
A new tailwind behind the price of gold has investors wondering if this is the right time to buy the miners. Should Barrick Gold (TSX:ABX)(NYSE:GOLD) stock be on your buy list today?Gold price recoveryGold just hit its highest level since February. The move from below US$1,700 per ounce in March to above US$1,800 has gold bugs wondering of the 2020 high around US$2,080 could get taken out by the e...Read More
Is there a crystal ball for investing and stock trading? Many investors follow market trends for tomorrow but not the past. Even veteran investors have used the concept of timing the buying and selling of stocks around future price movements. Timing the market is an investment strategy, although it doesn’t work nearly 100% of the time.If you were to ask the GOAT of investing about one mistak...Read More