The first results of Black Tusk Resources' McKenzie East show gold mineralization is present in drill core veins and alterations. In a news release, Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) announced it completed its winter 2021, eight-hole, diamond drill program at its McKenzie East project located north of Val d'Or, Quebec, and released results of the first four holes. "The...Read More

The acquisition would increase Cross River Ventures' Manitou property land package to 6,570 hectares. Additions (dark red) to the Manitou Gold Project, NW Ontario, CanadaCross River Ventures Corp. (CRVC:CSE; CSRVF:OTC; C6R:FWB) announced in a news release it was granted the option, by the existing owners, to acquire 100% of the Lower Manitou gold project in Ontario, Canada. To exercise the option...Read More

Ferroglobe will restructure its ferro-alloys production plants in France and Spain, which will affect manganese alloys, silicon and foundry alloys output near term, the company told Fastmarkets.Spain-based Ferroglobe has the production capacity for more than one million tonnes per year of ferro-alloys, such as manganese alloys, ferro-silicon, ferro-silicon magnesium, as well as foundry alloys such...Read More

Inflammation does good and bad thingsfor the body. On the one hand, it is the body’s natural defense mechanismagainst physical injuries, viral infections, and bacterial infections. On theother hand, it produces symptoms of swelling, redness, and pain. Whenever a part of your body experiencestrauma, white blood cells flow to that body part to protect it. White bloodcells will kill the germs a...Read More

This young gold-stockupleg is accelerating, with fast-rising prices enticing in more capital.  This sector has surged sharply to multiplemajor upside breakouts in recent weeks, which is starting to turn skeptics intobelievers.  Despite their strong upside momentumbeing chased, gold-stock prices remain far from overbought levels warning ofimpending selloffs.  This mounting uplegstill...Read More

Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More

Prices for imported rebar in Singapore might come under downward pressure from new restrictions being imposed in the country amid a spike in Covid-19 infections, sources told Fastmarkets last week.The resurfacing of Covid-19 cases at dormitories for foreign workers in Singapore has led to the issuance of quarantine orders, as well as travel restrictions on those arriving from India."This does not...Read More

Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More

Cobre Panama, the copper industry's most recent major greenfield project, reported record production in the first quarter after it put disruptions related to the Covid-19 pandemic behind it, First Quantum Minerals said. The mine in Colon Province, 120km west of Panama City, achieved copper output of 82,042 tonnes in the three months ended March 31, an increase of 46% from the year-earlier period....Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More

A summary of base metals premiums from across the globe for the week to Tuesday April 27.Please click...Read More

Chinese importers have been competing for the best-quality copper scrap, citing concerns over future rises in the procurement cost of raw materials while the price rally continues, Fastmarkets has learnt.Suppliers of top-grade copper scrap in the Asia-Pacific region were selling candy and berry at thin discounts to the price of refined copper, as traded on the London Metal Exchange over the past m...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 27 that are worth another look.Brazilian iron ore producer Vale expected to see higher premiums for iron ore pellet in the third quarter of this year, after steep increases were applied in both the first and second...Read More

Ferrous prices in Asia are rising at a steady pace and look likely to surpass 2008's high levels as early as next month, industry sources told Fastmarkets this week.Coking coal and cokeSupply tightness in both the domestic and import markets for high-quality, low-sulfur hard coking coal should continue to support prices in May, sources said.Since the start of April, domestic supply shortages have...Read More

Chinese steel mills are likely to import more pig iron, hot-briquetted iron (HBI) and steel scrap to feed basic oxygen furnaces in 2021 due to the stringent restrictions imposed on blast furnaces in China, market participants told Fastmarkets recently.The China Iron & Steel Association (Cisa) is actively advocating more cuts to the country's pig iron production to achieve this year's goal of reduc...Read More

"The usual suspects don't want us to write this article."by Keith Weiner of Monetary-MetalsKeith wrote about the silver squeeze narrative originally here, then here, and again here. This article is his latest commentary. Some recent videos about the silver market are generating more buzz than we have seen in a while. They make several points, but the main one is that there is a global shortage...Read More

Chinese importers have been competing for the best-quality copper scrap, citing concerns over future rises in the procurement cost of raw materials while the price rally continues, Fastmarkets has learnt.Suppliers of top-grade copper scrap in the Asia-Pacific region were selling candy and berry at thin discounts to the price of refined copper, as traded on the London Metal Exchange over the past m...Read More

The price of nickel on the London Metal Exchange was some $40 per tonne short of the $17,000 per tonne mark at the close of trading on Tuesday April 27, while most other base metals' prices also finished higher day on day, boosted by a recent rise for copper.Nickel's three-month price was up by 1.8% to $16,963 per tonne on Tuesday, after rising by roughly $300 per tonne each day since last Thursda...Read More

Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao, rose to a new record high on Tuesday April 27 with iron ore prices all going up further. The 62% Fe index has been above the previous high of $183.59 per tonne, set in January 2011, since April 20.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $195.31 per tonne, up by $1.73 per tonne62% Fe low-alumina fines, cfr Qingdao: $196.35 pe...Read More

RAPAPORT... Firestone Diamonds observed positive pricing in its third fiscal quarter as the company depleted its rough stockpiles amid the continued closure of the Liqhobong mine in Lesotho.The miner sold the second of two inventory batches that it had been offering to customers as a test of the market's recovery. Some 19,942 carats of mainly smaller, run-of-mine goods fetched $900,000 at an avera...Read More