The market for pig iron exports from the Commonwealth of Independent States improved during the week to Thursday April 30 on new sales to traditional outlets. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $280-289 per tonne on April 30, up by $5-9 from $275-280 per tonne last week.A sale of Ukraine-origin pig iron was done to the United...Read More
Weak steel demand globally continued to put pressure on the direct-reduced (DR) iron pellet market, with suppliers and buyers still unable to agree a premium for the second quarter. Fastmarkets' assessment of the iron ore DR-grade pellet premium, Middle East reference, was $30 per tonne on Thursday April 30, unchanged month on month."We have not reached any agreement with suppliers, so t...Read More
PRIVATE BLOG - Gold & April ClosePrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Outright cobalt hydroxide prices came under pressure in April with limited demand from end-users in Asia outweighing the impact of delays and supply uncertainty stemming from South Africa's lockdown. Fastmarkets' cobalt hydroxide index, min 30% Co, cif China, was calculated at $9.98 per lb on Thursday April 30, down by 9.27% from $11 per lb at the end of March. The monthly index is a tonnage-weigh...Read More
Sherritt International has seen only modest impacts to its production as a result of Covid-19, but withdrew its production guidance for 2020 due to a number of market and economic uncertainties caused by the pandemic.Prior guidance for 2020 nickel production was 32,000-34,000 tonnes, while cobalt guidance was for 3,300-3,600 tonnes this year. The company has a 50% stake in the Moa joint venture, w...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday May 1.China The rise in UG2 chrome ore prices slowed down after China's major stainless steel mills all raised their ferro-chrome tender prices by a lower-than-expected amount. The imported charge chrome price ticked upward by $0.01 per tonne on improving sentiment and with availability of material f...Read More
Perseus Mining (TSX: PRU; ASX: PRU ) is building its second open-pit mine in Cote d'Ivoire and its third in West Africa, and expects to pour first gold in December despite the COVID-19 pandemic.Once built, Yaoure will produce 215,000 oz. gold per year at all-in sustaining costs (AISCs) of US$734 per oz. over the first five years of an initial 8.5 year mine life.On a recent conference call, manag...Read More
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected gold has been the lack of airline flights, resulting in a false market tightness and bloated contangos. In terms of overall price action, during these times of distress (notably the equity markets' slump in March) gold has behaved in its n...Read More
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can't get on-site due to restrictions.S&P Global Market Intelligence in a new report tallies the impact of these mine closures, showing Africa and the Americas hardest hit in terms of the number of suspended operations.South Afric...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootBut the almost complete disappearance of ESG from miners' vocabulary in recent weeks is cause for concer...Read More
Texas reported a single-day record jump in deaths as the state allowed some businesses to reopen...Read full newsRead More
...the gloves are well and truly off now.Read full newsRead More
Vancouver, BC - January 6, 2020 - Surge Exploration Inc. Read moreRead full newsRead More
"Vext Science (@VextScience) (#CSE: $VEXT | #OTCQX: $VEXTF) Reports Q4 & Full Year 2019 Results [https://t.co/5SKxVJVqV9]- 2019 Revenue increased 21% to $22.3 million- 2019 Net income of $2.8 million- 2019 EBITDA of $3.7 million#investing #stocks #stockmarket #trading"Read full newsRead More
""The #Evelynproperty claim size is significant enough to hold a world class goldmine" ??"^??"??>??,?$CBI #CBI #Gold #Goldmine #Drilling #SonoraGoldBelt #Mexico #MomentumStockshttps://t.co/SJXRJ6gq65"Read full newsRead More
"INTERVIEW - How many #gold mines has #COVID19 taken offline? And what could the impact on global gold production and exploration be in 2020? Three experts share their thoughts. https://t.co/eM4UskJK1Y @Metals @MetalsFocus @CRUGROUP #investing #coronavirus"Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2020) - Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) President and CEO of Alamos Gold, John McCluskey, discusses the company's operating gold mines in North America and Mexico.If you cannot view the video above, please visit:https://www.b-tv.com/alamos-gold-mining-ceo-clipRead full newsRead More
The oil price crash may have had a muted effect on Canadian stocks, especially in comparison with those down in the United States. But the fact is that hydrocarbon producers are facing some stiff headwinds.Let’s take a look at alternative sectors for investment today. Here’s what energy investors need to know right now from commodities and a popular green power play to an exciting new...Read More
Greg Mannarino is now writing for Gerald Celente's Trends Journal. These gentlemen explain what's coming while we take your questions live! Today's guest co-host is Crypto Blood!Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to...Read More