It's silly, however, to suggest that Berkshire has dumped banks.Continue...Read More
Operating costs have increased by about 16% due to additional infrastructure and transportation costs. Continue...Read More
Supply of steel scrap in Australia is being squeezed by regional Covid-19 lockdowns and a general decline in economic output, scrap market participants have told Fastmarkets.The reduction in scrap generated in Australia is reducing the volume of material being offered for export from the country and raising prices for whatever material is being offered.Covid-19 transmission in the country is affec...Read More
Michael Ballanger interprets the motives of the Federal Reserve and their impacts on the "haves" and "have nots" in America and beyond. This week, the financial community around the globe was handed a "new approach" by the Federal Reserve Board of the United States that essentially flipped the middle finger at savers, senior citizens on limited pensions and proponents of sound money principles. B...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
As part of the deal, Liberty Gold will retain a 2% net smelter return royalty on the asset. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release it signed a definitive agreement to sell its Baxter Spring gold project in central Nevada to BlueBird Battery Metals. For the asset, BlueBird is to pay Liberty Gold US$500,000 in cash in two tranches, half on the transaction closing date...Read More
To start, Golden Arrow Resources plans a 500-meter diamond drill program. Tierra Dorada quartz boulderGolden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) started drilling at its Tierra Dorada gold project in Paraguay, it announced in a news release.With its 500-meter diamond drill campaign, the Vancouver-based explorer will test the Alvaro target area, which is located in the southern...Read More
Defense Metals reported that the Saskatchewan government will provide CA$31 million in funding for the province's first rare earth element processing facility. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTCQB; 35D:FSE) reported that the government of Saskatchewan "announced CA$31 million in funding for a Rare Earth Element (REE) Processing Facility in Saskatchewan." The company st...Read More
Bob Moriarty of 321gold explains why he has his eye on this company. Benchmark Lawyer's ProjectBenchmark Metals Inc. (BNCH:TSX.V; CYRTF:OTCQB) just completed a $48 million financing. It will fund an increase in their 2020 drill program from 50,000 meters to 100,000 meters. In addition the company plans a 200,000-meter drill program for 2021. Wow. I'd say they are getting serious. Investors notice...Read More
The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28. Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit...Read More
China was an active importer of steel billet (HS code 72071100) in July, though volumes dropped slightly in comparison with June, according to data from the country's National Bureau of Statistics. India was the biggest supplier of the semi-finished product to China in July.July imports1.34 million tonnesup by 6,572% year on year (July 2019: 20,165...Read More
Seaborne prices for low-grade and high-grade manganese ore in China consolidated in the week to Friday August 28, with market participants awaiting direction from offers for October shipments and the release of the purchase price for September-delivery silico-manganese from Hebei Steel - China's second-largest steel mill - market sources told Fastmarkets.Fastmarkets' manganese ore index 37% Mn, ci...Read More
The active restocking activities among alloy smelters helped slow the falls in portside prices for both low- and high-grade manganese ore in China in the week to Friday August 28, market sources told Fastmarkets. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 35.30 yuan ($5.14) per dry metric tonne unit (dmtu) on August 28 - equivalent to $4.40 per dmtu ex...Read More
The Brazilian steel industry is operating around 60% production capacity, up from 42% in April when demand was hit the hardest by the Covid-19 pandemic, but still far from the ideal level of 80%, Instituto A??o Brasil said on Friday August 28.At the worst moment of the pandemic, there were 13 halted blast furnaces (BF) in the country, the president of A??o Brasil, Marco Polo de Mello Lopes said du...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Members of the World Trade Organization have agreed to the establishment of a dispute panel to review a complaint filed by Turkey regarding the European Union's safeguard measures on imports of certain steel products.The agreement was reached at a meeting of the Dispute Settlement Body (DSB) on Friday August 28, the WTO said.The European Commission (EC) imposed quotas on certain steel imports in F...Read More
The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28. Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Members of the World Trade Organization have agreed to the establishment of a dispute panel to review a complaint filed by Turkey regarding the European Union's safeguard measures on imports of certain steel products.The agreement was reached at a meeting of the Dispute Settlement Body (DSB) on Friday August 28, the WTO said.The European Commission (EC) imposed quotas on certain steel imports in F...Read More
The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28. Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit...Read More