Brazilian steel slab export prices narrowed downward in the week ended Friday July 10 because the country's quota for steel imports into the United States has approached its limit.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, narrowed downward by $10 for the second consecutive week on Friday, to $375-380 per tonne, from $375-390 per tonne a week earlier.Past of...Read More

European steel association Eurofer is urging the Global Forum on Steel Excess Capacity (GFSEC) to intensify efforts to tackle global steel overcapacity. The forum, comprising the G20 group of developed nations and the Organisation for Economic Cooperation & Development (OECD), held its most recent meeting on July 8-9, with steel stakeholders meeting earlier this week, on July 7. Eurofer has called...Read More

Market participants in the US ferrous supply chain attending aFastmarkets webinar on June 30 expected prices to be largely stable in the coming months, but benchmark indicators continue to track downward as an uneven reopening of the United States economy clouds the outlook. About 62% of respondents to a poll held during the webinar - titled "Sunny days ahead?" - expected hot-rolled coil...Read More

The risks to the downside for silver are quite low since it has been so unloved. We could have a nice move higher for silver once most of the...Patrick Karim on Palisade RadioTom welcomes Patrick Karim back to the show to discuss his latest charts on silver. Patrick is a proprietary capital manager and chart trader.Patrick is cautiously optimistic about precious metals and, in particular, silver....Read More

In light of the recent turmoil in the oil market, the Fastmarkets research team has closely examined the correlations between the price of oil and the prices for ferrous scrap and finished steel products, to discover nuanced relationships and their changes over time.It is common for steel market participants to refer to high correlations between oil prices and the prices for scrap and steel. Among...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Price uptrend stumbles, but expected to resumeAs we expected, Chinese export and domestic steel prices moved upward in June, settling within the 2% range of our forecasts. Rebar prices trended downward in the second half of the month while heavy rains and floods in parts of the country meant that some construction sites had...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.In a webinar we conducted on Asian ferro alloys, our research team discussed the Chinese authorities' announcing some major infrastructure investments that will increase demand for steel and steel raw materials, including iron ore. Our research shows that the recent infrastructure investment announcements are equal to about...Read More

Saudi Arabia's oil giant Aramco said on Friday it will raise domestic gasoline prices for July, state news TV reported.Read full newsRead More

VANCOUVER, BC, Jun 24, 2020 (Canada NewsWire via COMTEX) --Highlights: -- Creation of Gold Royalty Corp. (GRC), a new and wholly owned gold-focused royalty...Read full newsRead More

First Mining is beginning to make waves on international equity marketsRead full newsRead More

Despite the Federal Government's efforts to diversify the economy, earn more foreign exchange and create jobs, reports of illegal goldRead full newsRead More

Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More

When it comes to retirement investing — whether you’re buying stocks to add to a Registered Retirement Savings Plan (RRSP) or packing out a Tax-Free Savings Account (TFSA) — it helps to have a thesis. No matter if you’re a retiree or a young portfolio owner looking ahead, buying shares for a comfortable retirement should follow a set of rules.There are three broad themes fo...Read More

In late May, Nornickel also reported a fuel spill near Norilsk, in north-central Russia. (Image courtesy of Nornickel). Russian mining company Norilsk Nickel reported that a pipeline belonging to Norilsktransgaz, which is part of the Norilsk Nickel Group, depressurized during the transfer of aviation fuel in the vicinity of ?EURRead More

This Hubble Space Telescope image shows stars at various stages of their lives, from young blue-hot stars to cooler red giants. (Image by NASA, ESA, and T. Brown [STScI]).The Sun is likely to produce lithium in the future, according to a new study by scientists at the National Astronomical Observatories of the Chinese Academy of Sciences.In a paper published in the journal Nature Astronomy, the r...Read More

Mexico's Undersecretary of Mining Francisco Quiroga Fern??ndez. (Image courtesy of the Economy Secretariat, Facebook). Mining companies operating in Mexico have continued to invest in their operations, according to the Economy Secretariat's Undersecretary of Mining Francisco Quiroga Fern??ndez.Talking at the virtual conference "Mining Reactivation in the Face of the New Normal," organized to cele...Read More

Back in 2019, Japan increased its hold on Lynas' rare earths output. Pictured here is a rare earth production line at the company's plant in Malaysia. (Image taken from Lynas' presentation.) In the wake of supply disruptions of certain metals caused by the covid-19 pandemic, Japan has decided to launch a series of measures to address potential supply risks from geopolitical instability or future...Read More

Here are five Fastmarkets stories you might have missed on Friday July 10 that are worth another look.The United Steelworkers union in Canada has warned that certain steel products from the nation, along with aluminium, could again be hit with Section 232 tariffs by President Donald Trump's administration.Aluminium has an opportunity to play a key role in the government-led rebuilding of economies...Read More

Bob Moriarty ArchivesJul 10, 2020This is easily going to be one of the more confusing articles I have ever written. There was a private company named 79North headed by Jon North. 79North did a reverse takeover with a public vehicle named 12 Exploration with a ticker symbol of TWLV-C. But if you plug that into Stockwatch it takes you to the website of 79North which doesn’t exist as a company...Read More

WHO said there were 230,370 new cases in the 24 hours to 10am yesterday, taking the global tally to more than 12.5 million, while the death toll is above 561,600.The silver price strengthened towards $19/oz and gold price had risen above $1,800/oz again last week."Not much appears to stand in the way of gold challenging the all-time high of $1,921/oz set in September 2011," World Gold Council chie...Read More