I was recently in Las Vegas, where I saw a crypto ATM for the first time. At first glance, there was nothing shocking about it: It looked similar to a normal ATM but with a much larger screen and a built-in keyboard. Since this ATM was in a car rental agency, it gave customers the ability to rent a car using cryptocurrency.I watched as a short line of customers patiently waited their turn, using t...Read More

Apr 29, 2021 Guest(s): Tom Palmer CEO, Newmont Corp. Newmont's CEO Tom Palmer touted the company's exposure to copper due to its acquisition of GT Gold in March for $311 million and other projects in the pipeline.Palmer spoke to Kitco Thursday. During the quarter, the company sold 12 million pounds of copper. Newmont's average realized price for copper was up 169% compared to the same quarter a...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 29 that are worth another look.Major Indian steelmaker JSW Steel is reducing steel production to ensure that sufficient oxygen is sent from its plants to the healthcare sector to help combat the surge in Covid-19 cases in...Read More

The three-month price of copper breached the $10,000-per-tonne mark on the London Metal Exchange during trading on Thursday April 29, while zinc and aluminium also reached fresh year-to-date and multi-year highs, driven by overall bullish sentiment.Most metals set their new highs during early trading, when the US Dollar Index was around its two-month low of 90.47 on Thursday morning. But when the...Read More

Visible progress has been made toward network readiness and the availability of 5G telecommunications in the first quarter of 2021, after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.There has been already a significant ramping-up of the uptake of 5G devices so far this year. The Global Mobile Suppliers Association (GSA), in its 5G devices summary for March...Read More

Bob Moriarty ArchivesApr 29, 2021I have been trying to get the message through to my readers for a couple of months that the next major move in the metals is higher and when the “Everything Bubble” soon bursts, gold and silver will be the only game left standing. There are dozens or hundreds of solid companies delivering great results and the market isn’t paying any attention to...Read More

Here are five Fastmarkets stories you might have missed on Thursday April 29 that are worth another look.Major Indian steelmaker JSW Steel is reducing steel production to ensure that sufficient oxygen is sent from its plants to the healthcare sector to help combat the surge in Covid-19 cases in...Read More

The company announced plans on Tuesday to raise $50 million and the offer attracted strong support. An institutional placement raised $73.8 million, while a retail offer raised a further $600,000.Read More

Iron ore shipments for the March quarter were 42.3 million tonnes, 9% down on the December quarter but in line with the previous year due to the impacts of the wet season in the Pilbara.The rain was partially offset by the ramp-up of the new Eliwana operation.Shipments for the nine months to March 31 were 132.9Mt, 2% higher than the previous year.It puts FMG on track for record FY21 shipments of 1...Read More

Residents are demanding the company undertakes a consultation process and respects their decision to stop large-scale mining, reported local media.Read More

Vancouver, BC - Select Sands Corp. (TSX-V:SNS | OTCQX: SLSDF) (the "Company") announces operational and financial results for Q4 and full year 2020, and the filing of its audited financial statements and associated management's discussion and analysis on www.sedar.com. All dollar references in this release are in U.S. dollars.FOURTH QUARTER AND FULL YEAR 2020 HIGHLIGHTSSold 53,009 tons of frac...Read More

An eagerness to maintain relationships by doing deals with counterparties has left some manganese ore buyers and suppliers saddled with unsustainable financing costs, market participants told Fastmarkets this week.Market participants who bought high-priced material in February and March are still financing high-priced material that has since devalued and some have reached the end of their toleranc...Read More

Vancouver, BC - LEAF Mobile Inc. (TSX: LEAF), Canada's leading free-to-play mobile game group, today announced financial results for the fourth quarter and full year ended December 31, 2020. East Side Games Inc. ("ESG"), which was acquired by the Company subsequent to the year end on February 5, 2021, also announced its full year 2020 results which can be found on SEDAR.Combined, LEAF and ESG gene...Read More

Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW) (the "Company" or "Siyata"), a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular booster systems, will release fourth quarter and year end 2020 financial results as well as a 2020 Canadian Annual Information Form, on or before Monday May 17, 2021. Furthermore, Siyata will release first quarter 2021 financial results on...Read More

ADC 12 aluminium alloy prices in China rose on Wednesday April 28, due to higher production costs and reduced supplies, caused by a month of environmental inspections in Jiangxi province.China's Environmental Protection Inspection Team is conducting checks in Jiangxi until May 7 and many ADC 12 producers there have lowered their output while the checks take place."We heard that producers in Jiangx...Read More

Fastmarkets has corrected its weekly price assessment for Aluminium ingot ADC 12, exw dp China, yuan/tonne, which was published incorrectly on Wednesday April 28 due to a reporter error.The assessment should have been 17,900-18,300 yuan per tonne, rather than 17,900-18,200 yuan per tonne, which was the previous week's range.This has now been corrected in Fastmarkets' pricing database, MinD.For mor...Read More

Visible progress has been made toward network readiness and the availability of 5G telecommunications in the first quarter of 2021, after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.There has been already a significant ramping-up of the uptake of 5G devices so far this year. The Global Mobile Suppliers Association (GSA), in its 5G devices summary for March...Read More

A summary of Glencore's production results for the first quarter of 2021, as released on Thursday April 29.In brief Copper production was up by 3% year on year in the first quarter of 2021 because of productivity improvements and mine plan sequencing at Glencore's South American operations including Collahuasi, Antamina and Antapaccay.Lower grades at Kazzinc's Maleevsky mine and mine sequencing at...Read More

Turkish steelmakers took a break from deep-sea scrap purchases to monitor conditions in the finished steel markets on Thursday April 29, ahead of a 17-day coronavirus lockdown, sources told Fastmarkets.The most recent deep-sea trade was recorded on Wednesday April 28, when a steel mill in northern Turkey was heard booking 22,000 tonnes of HMS 1&2 (80:20) from the Baltic Sea at $432 per tonne cfr.T...Read More

Sentiment in China's imported ferrous scrap market turned bullish on Thursday April 29, after the country's Ministry of Finance officially announced that the new tax regime for ferrous raw materials would start on Saturday May 1.According to the document published by the Ministry of Finance, there will be no import tariffs for steelmaking raw materials such as recycled steel, pig iron, crude steel...Read More