Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
European ferro-titanium producers have started negotiations for deliveries of the alloy to consumers in the steel sector between April and June, and while no prices have yet been discussed, an acute shortage of titanium scrap will be a key issue for suppliers, producers told Fastmarkets this week.Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and...Read More
South African manganese miner UMK will stop road transportation of manganese ore due to significant pressure from rising logistical costs, a company spokesperson told Fastmarkets on Thursday March 18.While the miner will honor existing contractual obligations, it will not pursue further road transportation options due to rising freight costs making certain export channels economically unfeasi...Read More
It yesterday closed an underwritten placement which raised C$35.1 million through the issue of shares priced at $1.95.It also said Zhaojin International had elected to maintain its 9.9% stake in the company and would purchase shares at $1.95, to provide further proceeds of $4.1 million."We also continue to re-fresh the debt process with various parties with a view to securing total project financi...Read More
Key data from Fastmarkets' pricing session in London on Wednesday March 17.Key drivers The European market climbed to its highest since March last year on increased spot market interest, with tighter concentrates supply from China supporting prices. The spot market was active in the first half of the week, with more than 40 tonnes...Read More
Nornickel, the world's largest palladium producer and a major platinum producer, said this week PGM production could be almost 20% below guidance in 2021 as it expects to take three to four months to address the inflow of water at Oktyabrsky and Taimyrsky and ramp back up to full capacity.South Africa-based PGM producers including Impala Platinum have already reported record results in recent week...Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee") a smart tech platform that automates the distribution of consumer-facing product information to retailers, announces today a bulk purchase of 500 Mesh Connectors?,,? from a Product Content Management (PCM) partner.The partner, a modern content management platform solution, engaged Venzee to fully automate the sy...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
European ferro-titanium producers have started negotiations for deliveries of the alloy to consumers in the steel sector between April and June, and while no prices have yet been discussed, an acute shortage of titanium scrap will be a key issue for suppliers, producers told Fastmarkets this week.Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
European ferro-titanium producers have started negotiations for deliveries of the alloy to consumers in the steel sector between April and June, and while no prices have yet been discussed, an acute shortage of titanium scrap will be a key issue for suppliers, producers told Fastmarkets this week.Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and...Read More
Turkish steel mills continued to stay out of the deep-sea scrap market on continuing weak demand for steel, despite the increasing availability of supplies, especially from the Baltic Sea, sources told Fastmarkets on Thursday March 18.The most recent deep-sea bookings were done at the end of last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on a heavy melting scrap 1&2 (80...Read More
Battery recycling start-up Li-Cycle sees the commercial production achieved at its Rochester, New York, plant as the start of something big.The plant, which achieved commercial production last December, has dthe capacity to process 5,000 tonnes of end-of-life lithium-ion batteries per year, doubling overall intake for the Canadian company, which is the first of its kind to use hydrometallurgy for...Read More
Key data from the Wednesday March 17 pricing session in London and Shanghai.Key drivers: Cobalt hydroxide payable dips on low end of range amid widening gap between suppliers' offers and buyers' expectations in the context of an escalating downturn in the downstream cobalt sulfate price in...Read More
Share this article Santacruz Silver Mining Ltd. [SCZ-TSXV; SZSMF-OTC] said Thursday March 18 that it has increased the size of a previously announced non-brokered private placement to $14.1 million, with the lead order coming from Palisades Goldcorp Ltd.The company said the private placement will now consists of up to 47 million units at a purchase price of 30 cents per unit for gross proceeds...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
Gold Fields Limited (JSE, NYSE: GFI) is a globally diversified gold producer, with nine operating mines in Australia, Peru, South Africa and West Africa (including the Asanko JV), as well as one project in Chile. Gold Fields has total attributable, annual gold-equivalent production of 2.2Moz, attributable gold-equivalent Mineral Reserves of 51.3Moz and Mineral Resources of 115.7Moz. We learned fro...Read More
At PDAC2021, we learned from John Kontak, President of West Red Lake Gold Mines Inc. (CSE: RLG, OTCQB: RLGMF, FSE: HYK), that they are focused on their large property in the prolific Red Lake Gold District of Northwest Ontario, Canada, which is host to some of the richest gold deposits in the world and has produced 30 million ounces of gold, from high-grade zones. We learned from Mr. Kontak that t...Read More
President Joe Biden recently said that Vladimir Putin will "pay a price" for interfering in the 2020 U.S. presidential election.But no price will be paid.Nothing will happen to Putin.That guy is untouchable.And quite frankly, the U.S. is in no position to saber rattle right now.This nation is drowning in debt.Socially and politically, we have never been more divided.The ugly face of racism is show...Read More
Hot-rolled coil prices in the United States have surged above $65 per hundredweight ($1,300 per short ton), and there is no sign that the rally will end any time soon, according to market participants. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $65.24 per cwt ($1,304.80 per ton) on Thursday March 18, up by 0.69% from $64.79 per cwt on Wednesday March 17 and by 1....Read More