Adam HamiltonArchivesMay 14, 2021 The gold miners' stocks have powered higher in recent months, solidifying a strong young upleg. But the extended-correction low leading into this latest rally has left sector psychology fairly bearish. Traders are skeptical about gold stocks' upside potential, wary of another serious selloff. The gold miners' just-reported Q1'21 operating and financial results rev...Read More

Key data from Fastmarkets' Friday May 14 pricing sessions in China, the United States and Europe.China The rise in upstream raw materials along with strong magnesium prices lent support to China's ferro-silicon prices.In alignment with the carbon neutralization policy, many steel mills in China have gradually shifted raw materials to steel scrap from iron ore and started to import l...Read More

Codrus is seeking A$5-8 million at 20c per share to drive exploration to fund a $3-5.7 million exploration program over the next two years.Read More

Key data from Fastmarkets' Friday May 14 pricing sessions in China, India, the United States and Europe.China Seaborne low-grade manganese ore prices continued to rise after suppliers successfully concluded sales at higher prices amid strong buying interest. Buyers said they had expected a price uptick due to rising production costs caused by the appreciation of the South African rand and expensiv...Read More

Booming commodity prices, a jump in mining production and limited vessel supply are all contributing to a huge spike in shipping prices, according to a new report from Stifel.Read More

Fastmarkets' copper concentrates treatment charge/refining charge (TC/RC) index rose marginally in the week to May 14.Deals to smelters were reported in the mid $30s per tonne while bids came in at the high $30s to low $40s, with major Chinese smelters still carrying out...Read More

The deal will swap debt for equity, and see 98.5% of the company under the control of Boart's lenders.Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

Surging steel demand in the majority of global markets pushed prices up in most regions in the week to Friday May 14. Only the United States deep-sea ferrous scrap market remained inactive, while Chinese scrap prices fell victim to softer prices for finished steel products.Turkey secured European scrap at an increase to satisfy surging finished steel demandHigher offers failed to tempt US exporter...Read More

Prices for shredded steel scrap imported into South Asia jumped in the week to Friday May 14 following a large increase on the international scrap market, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $510.55 per tonne on Friday, up from $478.96 per tonne one week earlier.Just one deal was heard at $510 per tonne this...Read More

Prices for containerized ferrous scrap in the key Taiwanese market surged this week amid strong demand for cargoes and limited offers from sellers waiting for more price increases. Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $475-480 per tonne on Friday May 14, increasing by $15-20 per tonne from W...Read More

Base metals prices on both the LME and SHFE were mainly weaker this morning, Friday May 14, and seem to have got some downward momentum, even though broader markets have seen a buy-the-dip mentality emerge.Asia-Pacific equities rebounded on Friday US treasury yields eased as United States Federal Reserve officials stuck to their view that inflationary pressures will be transitoryMetals could final...Read More

During my analyst coverage in 2018, I covered the biotech sector very closely.In doing so, I learned two very important things. The first is that the success of an individual medical technology (medtech) or biotechnology (biotech) company isn't directly tied to the greater cyclical forces that often affect other stocks. The second thing I learned is that over the course of time, the medtech and...Read More

Desert Mountain Energy Corp. (TSX.V: DME, U.S. OTCQX: DMEHF, Frankfurt: QM01) is focused on exploration and development of the world's potentially highest-grade helium properties, and productive rare earth gas properties, in the US southwest. We learned from Don Mosher, a Director and the VP of Capital Markets, for Desert Mountain Energy, that they are building their Holbrook Basin Helium Project...Read More

Lithium prices in the seaborne Asian market continued their strong upward trajectory over the week to Thursday May 13 while the equivalent domestic market in China calmed from the strong momentum in the first quarter of 2021, sources said.Both lithium carbonate and hydroxide prices in seaborne Asian market ticked up amid tight availability.The battery-grade lithium hydroxide price in China continu...Read More

Import prices for flat-rolled steel in South America increased once again in the week ended Friday May 14, with all products above $1,000 per tonne - some for the first time ever - on significantly higher offers from all origins.Despite an export tax rebate in China being cut only for heavy plate, hot-rolled coil and pre-painted across the flat steel space, the effect was spilling over through the...Read More

Major Vietnamese steel mills raised their offer prices for hot-rolled coil in the week to Friday May 14 after major domestic suppliers Formosa Ha Tinh Steel and Hoa Phat Steel increased their offers for local buyers this week.Formosa Ha Tinh Steel increased its offer for re-rolling grade HRC (non skin pass) for July shipment by $110-120 per tonne to $1,030 per tonne cif for domestic buyers. Source...Read More

The United Kingdom's Serious Fraud Office is investigating the Gupta Family Group Alliance in relation to the organization's financing arrangements, it said on Friday May 14. "The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of the business of companies within the Gupta Family Alliance," the SFO said in a public statement, a...Read More

The price of secondary steel billet in the Indian local market rose by 1,000 rupees ($14) per tonne in the week to Friday May 14 on rising raw material prices and an increase in export opportunities for secondary billet made through the induction furnace (IF) route."Prices of raw materials such as direct-reduction iron [DRI] have increased because most kilns have reduced production, while opportun...Read More