We need to call DarkSide what it is - a terrorist organization - and to acknowledge what we did: We paid Continue...Read More
An almost 400-year-old silver coin found is all that's left of one of the earliest English colonial Continue...Read More
Bitcoin is off 32% from the highs of a month ago while gold is simultaneously breaking out to the up sideContinue...Read More
Steel billet and rebar prices increased sharply in the United Arab Emirates during the week ending Tuesday May 18 due to very good demand after the Eid al-Fitr holiday ending earlier in the week, sources told Fastmarkets. "Contractors are buying more steel, expecting big price increases," one trader told Fastmarkets. The country's biggest producer, Emirates Steel, announced its rebar price at 3,06...Read More
China's domestic rebar prices continued to fall on Tuesday May 18, but at a much slower rate than on Monday due to gains in the iron ore market.DomesticEastern China (Shanghai): 5,550-5,580 yuan ($864-868) per tonne, down by 20-30 yuan per tonneThe most-traded September iron ore futures contract closed at 1,242.50 yuan per tonne on Tuesday, up by 45 yuan per tonne from Monday's close. The raw mate...Read More
The acquisition is completed one day after UrbanGold shareholders give their approval. Following yesterday's announcement that UrbanGold Minerals Inc. (UGM:TSX.V) shareholders voted in favor of Troilus Gold acquiring the company as proposed, Troilus completed the acquisition today. Troilus Gold purchased all of the issued and outstanding common shares of UrbanGold that it does not already own, i...Read More
Troilus Gold's latest drill results, from the J zone, are discussed in a Haywood Securities report. In a May 13 research note, Haywood Securities analyst Pierre Vaillancourt reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) identified an extension of the J zone at the Troilus project that "has the potential to make a substantial addition to the resource" there.Vaillancourt reviewed and expl...Read More
The world will need more than twice the amount of copper that it used in past three decades if it is to hit Paris Climate Agreement targets in the next 30 years, BHP's chief executive officer, Mike Henry said this week.Speaking at the Bank of America Metals, Mining & Steel conference on Tuesday May 18, Henry said demand for nickel will quadruple over the same timeframe.He added that meet...Read More
Although Gold has continued to drift downward after reaching a peak near $2089.20 in early August 2020, our Custom Gold Inverse Trending Index suggests this weakness has actually built a very strong momentum base – preparing for a big move higher.The relationship of Gold to the US Dollar is a fairly widely known correlation. When the US Dollar is weaker, Gold tends to rally. When...Read More
The world will need more than twice the amount of copper that it used in past three decades if it is to hit Paris Climate Agreement targets in the next 30 years, BHP's chief executive officer, Mike Henry said this week.Speaking at the Bank of America Metals, Mining & Steel conference on Tuesday May 18, Henry said demand for nickel will quadruple over the same timeframe.He added that meet...Read More
The gold miners’ stockshave powered higher in recent months, solidifying a strong young upleg. But the extended-correction low leading intothis latest rally has left sector psychology fairly bearish. Traders are skeptical about gold stocks’upside potential, wary of another serious selloff. The gold miners’ just-reported Q1’21operating and financial results...Read More
German steelmaker Salzgitter has started construction on a demonstration plant for the production of direct reduced iron (DRI) as part of its Salzgitter Low-CO2Steelmaking project, known as Salcos, the company said on Monday May 17. The plant will be supplied by equipment manufacturer Tenova, and is the first iron ore direct reduction plant designed to operate flexibly with natural gas and hydroge...Read More
Junior miners may soon suffer abreakdown of the short-term support line. So, what’s responsible for theirunderperformance of gold and stocks?Today’s technical part of the analysis isgoing to be brief, as I have discussed multiple things this week and mycomments remain up-to-date. There’s not much to add today, and we’ll go overonly one technical chart – the one where...Read More
China's will strengthen the exploration and development of its domestic iron ore resources and work to ensure that steel capacity cuts are fully observed, according to it economic planner. "Domestically, we will intensify the exploration and development of iron ore resources, accelerate the construction of new and ongoing iron ore projects, and improve consumption of recycled iron-steel materials,...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 18 that are worth another look.Sales volumes of flat-rolled steel by Brazilian distributors were up 106.69% in April from the corresponding period of 2020, amid a lower comparison basis and stronger end-user demand, national...Read More
Mexican ferrous scrap prices were little changed for the week ended Friday May 14, with buyers and sellers heard making minor adjustments and getting prices closer to an average.Few price increases were reported in the Monterrey and Baj?-o regions, with some scrap buyers leveling their purchase prices with the market average."Demand for scrap continues [to be] very good in Mexico," a scrap de...Read More
A summary of base metal premiums from across the globe for the week to Tuesday May 18.Please click...Read More
The world will need more than twice the amount of copper that it used in past three decades if it is to hit Paris Climate Agreement targets in the next 30 years, BHP's chief executive officer, Mike Henry said this week.Speaking at the Bank of America Metals, Mining & Steel conference on Tuesday May 18, Henry said demand for nickel will quadruple over the same timeframe.He added that meet...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 18 that are worth another look.Sales volumes of flat-rolled steel by Brazilian distributors were up 106.69% in April from the corresponding period of 2020, amid a lower comparison basis and stronger end-user demand, national...Read More
China's domestic magnesium price jumped by around 21% last week after producers in the country were forced to raise their offers due to increased production costs owing to a rapid rise in coal prices.Fastmarkets' weekly price assessment for magnesium 99.9%, exw China was 20,000-22,000 yuan ($3,105-3,416) per tonne on Friday May 14, an increase of 2,700-4,600 yuan per tonne from 17,300-17,400 yuan...Read More