Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More
The specifics of Troilus Gold's updated resource and the key points from the company's related technical call are presented in a Stifel report. In a July 29 research note, Stifel analyst Tyron Breytenbach reported that Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) recent resource update on its Troilus project in Quebec "sets the stage for a preliminary economic assessment (PEA) catalyst." "This pro...Read More
Liberty Gold reports testing yields 82.9% weighted average gold extraction from Idaho project. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release results from phase 2 metallurgical testing on oxide material from core taken from its Black Pine project in Idaho."The high and rapid recoveries, relatively insensitive to crush size, continue to support simple heap-leach processing,"...Read More
Based on these initial results, Nexus Gold expanded its drill program there. In a news release, Nexus Gold Corp. (NXS:TSX.V; NXXGF:OTCQB) announced results of the initial six holes drilled recently at its McKenzie project in Ontario's Red Lake District."This is a really positive start. Visible gold in core is always exciting," Vice President of Exploration Warren Robb said in the release. Results...Read More
The price of hollow steel sections in Europe has remained stable over the past week despite previous expectations of an increase, with the slow summer activity precluding any changes, sources told Fastmarkets on Wednesday August 19.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($643-667) per tonne on Wednesday, unchanged week on week...Read More
A simmering dispute between Japan and South Korea is expected to inflict further damage on the trading relationship and diplomatic ties between the two countries, analysts told Fastmarkets this week.Two weeks ago, the District Court in Daegu, South Korea, approved the seizure of Nippon Steel assets in the country to compensate Korean men forced to work in Nippon's factories during the Se...Read More
Brazilian flat-rolled steel producer Usiminas has lost the lead in its domestic market due to its strong exposure to the automotive sector, which suffered greatly from the Covid-19 pandemic, sources told Fastmarkets.Brazil's steel industry took a heavy hit from regional restrictions in the country to contain the spread of the coronavirus. Demand fell significantly in April and recovered at a slow...Read More
A simmering dispute between Japan and South Korea is expected to inflict further damage on the trading relationship and diplomatic ties between the two countries, analysts told Fastmarkets this week.Two weeks ago, the District Court in Daegu, South Korea, approved the seizure of Nippon Steel assets in the country to compensate Korean men forced to work in Nippon's factories during the Se...Read More
After nearly 7 years of consolidation and mostly sideways trading, the silver price is finally experiencing a powerful breakout. It did not take long after breaking above the psychologically-important $20 level for silver to climb another nearly 50% toward $30 per ounce.The silver price has since corrected by 11% to the current price of $26.40, but remains up more than 45% in three weeks. Remarkab...Read More
Brazilian flat-rolled steel producer Usiminas has lost the lead in its domestic market due to its strong exposure to the automotive sector, which suffered greatly from the Covid-19 pandemic, sources told Fastmarkets.Brazil's steel industry took a heavy hit from regional restrictions in the country to contain the spread of the coronavirus. Demand fell significantly in April and recovered at a slow...Read More
BHP plans to shift its coal focus toward premium-quality coking coals and will look at options to divest three of its lower-grade coal assets, it said on Tuesday August 18.The strategic move by the Australian mining major is based on its judgment that premium-quality coking coal will be particularly advantaged over time due to the drive by steelmakers to improve blast furnace productivity and redu...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
Harry "Red" Conger has been appointed as the executive vice president and chief operating officer (COO) of Teck Resources, effective September 1.Known throughout the mining industry as "Red," Conger will be responsible for all of Teck's mining and metallurgical operations, projects and joint ventures across the copper, zinc, steelmaking coal and energy business units. Read More
An overview of the minor metals markets andthe reasons for any price moves.Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 19.Please click...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
Harry "Red" Conger has been appointed as the executive vice president and chief operating officer (COO) of Teck Resources, effective September 1.Known throughout the mining industry as "Red," Conger will be responsible for all of Teck's mining and metallurgical operations, projects and joint ventures across the copper, zinc, steelmaking coal and energy business units. Read More
Brazilian flat-rolled steel producer Usiminas has lost the lead in its domestic market due to its strong exposure to the automotive sector, which suffered greatly from the Covid-19 pandemic, sources told Fastmarkets.Brazil's steel industry took a heavy hit from regional restrictions in the country to contain the spread of the coronavirus. Demand fell significantly in April and recovered at a slow...Read More
Tight intermediates availability and a rally in the cobalt hydroxide market brought cobalt metal back in favor with cobalt sulfate refineries looking to cut risk in their feedstock inflows in late July. Until then, cobalt hydroxide payables - the percentage of the metal price buyers pay sellers for cobalt intermediates - had been capped at 70% for at least a year and a half, reflecting ample suppl...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 19.Please click...Read More