After months-long negotiations and delays, Canada’s flag carrier Air Canada (TSX:AC) and the Canadian government have found some common ground. Air Canada will receive up to $5.9 billion in a government bailout package amid the pandemic.Air Canada and the bailout packageIt is a great deal for Canada’s biggest passenger airline. Though the package is coming a bit late, it still addresse...Read More
Apr 13, 2021 Guest(s): Kai Hoffmann CEO, Soar Financial Group Although sentiment for gold is weaker than it was last year, most recently, more investment capital has been flowing into the gold mining sector as compared to other metals, said Kai Hoffmann, CEO of Soar Financial Group. "The last few months, and the last few weeks, in particular as well...the buzzword has been sector rotation. We've...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 13 that are worth another look.A court in the southeast Brazilian state of Minas Gerais has accepted a request for bankruptcy protection from local iron ore pellet producer Samarco, which is owned 50:50 by Vale and BHP,...Read More
Inert anode technology is one of several methods UC Rusal will use to achieve carbon neutrality by 2050, with the company to lay out a roadmap on its path forward in September, a senior executive at the aluminium producer told Fastmarkets.According to Roman Andryushin, company head of sales and marketing, the roadmap will not just focus on reducing emissions across Rusal's smelting operations but...Read More
Aluminium premiums in the United States and Europe continued to rise on supply tightness in the week to Tuesday April 13, with the US Midwest premium climbing to its highest level for more than six years.US Midwest premium passes six-year highEuropean duty-paid premiums rise in liquid marketsHigh freight rates drive premiums up again in South Korea.US Midwest premium highest since 2015Fastmarkets...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comApril 13, 2021 For a lot of people in the United States, being forced to wear a mask is abhorrent.They view it as heavy-handed government action... a theft of their freedom. Their frustration is understandable, but is the Corona mask the one that matters most? For some insight into the m...Read More
Inert anode technology is one of several methods UC Rusal will use to achieve carbon neutrality by 2050, with the company to lay out a roadmap on its path forward in September, a senior executive at the aluminium producer told Fastmarkets.According to Roman Andryushin, company head of sales and marketing, the roadmap will not just focus on reducing emissions across Rusal's smelting operations but...Read More
Led by the tech sector, the benchmark index in New York closed up 0.33% yesterday to 4,141.59.The gold price has gained from this point yesterday, to US$1,745 an ounce on the spot market.Talk of rising US inflation could further improve sentiment for gold as a hedge against inflation.Nevada-focused i-80 Gold (TSX: IAU), a spin-out following Equinox Gold's acquisition of Premier Gold Mines, lost 7....Read More
A summary of base metals premiums from across the globe for the week to Tuesday April 13.Please click...Read More
Fastmarkets will launch a weekly price assessment for ferro-tungsten basis 75% W fob China on Wednesday April 14.Following a one-month consultation, Fastmarkets has decided to relaunch its ferro-tungsten, China export min 75% $ per kg W, fob China price assessment after discontinuing it in March 2019 due to limited spot liquidity in the market.But market participants have reported a resurgence in...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 13 that are worth another look.A court in the southeast Brazilian state of Minas Gerais has accepted a request for bankruptcy protection from local iron ore pellet producer Samarco, which is owned 50:50 by Vale and BHP,...Read More
Visible progress has been made toward network readiness and availability of 5G telecommunications in the first quarter of 2021, after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.To date this year, there has been already a significant ramping-up of the uptake of 5G devices. The Global Mobile Suppliers Association (GSA), in its 5G devices summary for March 20...Read More
Here are five Fastmarkets stories you might have missed on Tuesday April 13 that are worth another look.A court in the southeast Brazilian state of Minas Gerais has accepted a request for bankruptcy protection from local iron ore pellet producer Samarco, which is owned 50:50 by Vale and BHP,...Read More
Ferrous scrap prices in Mexico edged up in the central Baj?-o region but were stable in the region near northern Monterrey city, with fewer buyers in the marketthan usual.One scrap buyer was applying price increases of 100-200 pesos ($5-10) this week in Mexico, but most buyers either held the line on prices or were purchasing minimum volumes due to high costs.Fastmarkets assessed the&nbs...Read More
Turkish steel producers continued to avoid deep-sea ferrous scrap bookings due to weak finished steel sales, market sources said on Tuesday April 13.A steel mill in the Iskenderun region booked a Canadian cargo at the end of the last week comprising 35,000 tonnes of a 95:5 mix of No1 and No2 heavy melting scrap and 15,000 tonnes of shredded at an average price of $436 per tonne cfr, caus...Read More
Base metals prices on the London Metal Exchange were down across the board this morning, Tuesday April 13, as were most of the metals prices on the Shanghai Futures Exchange, while broader markets were quiet.China's trade data showed imports and exports grew, highlighting broad-based economic recovery Markets waiting for the release of United States consumer prices today and to see how that will a...Read More
Visible progress has been made toward network readiness and availability of 5G telecommunications in the first quarter of 2021, after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.To date this year, there has been already a significant ramping-up of the uptake of 5G devices. The Global Mobile Suppliers Association (GSA), in its 5G devices summary for March 20...Read More
Share this article VANCOUVER - Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF), sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, reported that it has commenced drilling the deepest production well ever undertaken in the third phase of its inaugural drilling program in the Tolillar Salar.Alpha continues to drill with two rigs. One of the two has now mov...Read More
Milton Friedman famously said, "Inflation is always and everywhere a monetary phenomenon."This idea has generally been regarded as bad ever since. Recently the nabobs at the Federal Reserve thought so poorly of it that they decided to stop producing reports of M1 and M2 money supply every week and will now produce them every month instead.Of course, it is in the Fed's interest to not report its co...Read More
Domestic prices for hot-rolled coil in Northern Europe continued to rise on Tuesday April 13 due to a material shortage, market sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at ?,?905.00 ($1,077.07) per tonne on Tuesday April 13, up by ?,?3.33 per tonne from ?,?901.67 per tonne on April 12.The index was up by ?,?20.99 per tonne...Read More