Here are five Fastmarkets stories you might have missed on Thursday August 20 that are worth another look.The domestic hot-rolled coil price in Northern Europe moved up on August 20, following producers' bullish pricing policy, sources told Fastmarkets.China's domestic stainless steel prices rose for an eighth...Read More

The three-month price of copper on the London Metal Exchange was the underperformer at the close of trading on Thursday August 20, with the price holding above nearby support despite losing more than 1.2% over the day.Meanwhile, zinc futures struggled to hold ground above the $2,500-per-tonne threshold.Copper's outright price on the LME closed at $6,601.50 per tonne on Thursday afternoon, falling...Read More

The LME three-month copper price was the biggest faller in morning trading on Thursday August 20, dropping by 1.7% against a slight uptick in the US dollar index, while a fresh cancellation supported the nickel price.Copper's outright price on the London Metal Exchange was recently trading at $6,575.50 per tonne on Thursday morning, wiping out gains made on Wednesday after closing at its highest l...Read More

It had announced plans earlier in the day to raise $45 million, priced at $1.85 per share and $2.68 per flow-through share.The underwriters, led by Cormark Securities and Stifel GMP, were granted an over-allotment option.The company said proceeds would be used for exploration, pre-development and development activities at its flagship, "shovel-ready" Bateman project in Ontario, plus for general wo...Read More

"We are very disheartened by the federal government's decision on the Castle project given the expansion fell well below the threshold to being subject to the IAA," said Mining Association of CanadaRead More

Codan's overall sales surged 29% year-on-year to A$348 million but the small mining-focused tracking solutions business saw a 32% retraction to $7.6 million. The company's net profit after tax was up 40% to $64 million for the year.In 2018, after Codan entered a strategic collaboration agreement with the world's biggest mining machinery maker, Caterpillar, CEO Donald McGurk said the alliance was a...Read More

The company, which was on track to beat its FY19 record sales in the first nine months of FY20, took a hit from the slowdown in major mining regions in the fourth (June) quarter. Its full-year revenue came in 2.5% lower at A$237.7 million, while FY20 net profit after tax was down 21% at $21.76 million despite EBITDA margins improving from 21.5% to 24.4% in the latest year.Six weeks into fiscal 202...Read More

Miners and explorers were quick to say operations were unaffected and they were closely monitoring the developing situation.Barrick said yesterday its Loulo-Gounkoto complex had not been affected and operations were continuing as normal.It noted it had "an adequate inventory for its foreseeable requirements and management has taken steps to secure its supply lines".Verisk Maplecroft senior Africa...Read More

Key information from the pricing session for Fastmarkets' daily alumina index, fob Australia, on Thursday August 20.The index was $284.30 per tonne on Thursday, its highest since March 18 this year when it was $297.23 per tonne, and was up by 7% since the beginning of this week.Key drivers Production at Norsk Hydro's Alunorte alumina refinery in Brazil has been reduced to 35-45% of capacity. Hydro...Read More

Halifax, Nova Scotia - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announces that it expects to release a report on its clinical, in-field evaluation studies for its rapid detection, COVID-19 antigen test next week. This data will be used to support the Company's submissions to Health Canada and the FDA fo...Read More

Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ) (the "Corporation" or "Venzee"), has added additional revenue-generating retail channels to its platform - outpacing internal growth targets and meeting client demand for digital integration across the valuable "last-mile" of global retail.According to Venzee CEO John Abrams, "We completed our pivot to a partner-driven selling model in the fir...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce the Company has aligned with Vive Wireless, an Authorized Wireless Bell Dealer in Canada, to engage in multiple opportunities for the Uniden UV350 in conjunction with an initial purchase order from a leading Canadian construction company through Vive Wireless.Marc Seelenf...Read More

A summary of producer South32's financial results for the year ended June 30, 2020.In briefSouth32's underlying earnings were down by 81% in the 2020 financial year at $193 million, compared with $992 million in the prior financial year, with volatile macroeconomic conditions affecting the prices of key commodities. Statutory profit after tax declined by $454 million to a loss of $65 million in 20...Read More

China's domestic stainless steel prices rose for an eighth week reach their highest since February 19, while export prices too have risen to levels not seen since late last year.A weakening of the US dollar pushed up prices for commodities, including nickel, which then drove up stainless steel prices, an industry analyst in Shanghai said.The three-month nickel contract on the London Metal Exchange...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

Turkish steel producers continued to stay out of the deep-sea scrap market on Thursday August 20, due to continuing weak demand in the domestic and export finished long steel markets, sources told Fastmarkets.Having booked some US and Baltic Sea cargoes at $285 per tonne cfr for HMS 1&2 (80:20) on August 7, mills in Turkey paused their deep-sea activity due the l...Read More

The cascade of cargoes booked by Bangladeshi mills from United States recyclers continued over the past week to Thursday August 20, with two more deals heard, sources told Fastmarkets. Demand for scrap in Bangladesh has ballooned over the past month, with mill capacity utilization rising at the country's three largest mills, and scrap stocks at steelmakers depleting. A Bangladeshi mill bought a bu...Read More

Three-month base metals prices on the London Metal Exchange were mostly weaker this morning, Thursday August 20, as were Asian-Pacific and pre-market major western equity index futures. Gold prices are rebounding after Wednesday's 3.3% sell-off.US equities retreated on Wednesday after the Federal Reserve minutes highlighted concerns about the US recovery.Base metals The three-month base metals pri...Read More

A summary of results for the lithium division of Chilean producer Sociedad Quimica y Minera (SQM) for the first six months of 2020, as shown in its half-year report published on Wednesday August 19.In brief Sales from the lithium division were up by 45% quarter-on-quarter in the April-June quarter despite being down by around 7% year-on-year overall in the first half of 2020. Lithium sales totaled...Read More

I'm not sure how a global pandemic became a political issue.I'm not sure how we got to this place where non-mask wearers are being assaulted by the mask police.And I'm not sure how we got to this place where business owners who require customers to wear masks are being assaulted by folks who have equated mask wearing with some kind of violent attack on their constitutional rights. No shoes, no s...Read More