Seaborne premium hard coking coal prices rebounded on Monday May 11, with Chinese buyers driving trading activity at the end of last week, resulting in market participants' estimates of workable prices also moving upward.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.97 per tonne, up by $3.54 per tonne.Premium hard coking coal, cfr Jingtang: $120.87 per tonne, up by $4.60 per tonne.Ha...Read More
Seaborne iron ore prices were largely stable on Monday May 11 amid slower port trading activity, while the market saw a solid premium for June delivery cargoes and good demand from Chinese mills. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $88.61 per tonne, up $0.01 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $91.18 per tonne, up $0.26 per tonne. 58% Fe fines high-grade premium, c...Read More
Seaborne iron ore concentrate prices continued to fall in the week to Friday May 8, under the pressure from lower pellet prices and China's domestic concentrates market.Some sources noticed fewer offers from Indian miners for June delivery cargoes despite the slight drop in prices.Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $93.35 per tonne on May 8, down 1.77% or $1....Read More
Fastmarkets will host a steel webinar with the Singapore Exchange (SGX) on Tuesday May 19 that covers the latest developments and outlook for the industry.The two-hour webinar from 3-5pm Singapore time will delve into price analyses and market outlook by Fastmarkets' editorial and research teams. These will include the impact of Covid-19 on steel supply chains, developments and the outlook for Chi...Read More
China's domestic hot-rolled coil prices edged up on Monday May 11, but market participants are bracing themselves for a retreat as a result of thin trading.DomesticEastern China (Shanghai): 3,390-3,400 yuan ($479-481) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,350 yuan per tonne, up 10 yuan per tonneSellers kept their offers high amid the relative strength of the futures market, b...Read More
Key data from the Friday May 8 pricing session in Shanghai.Key drivers Activity in the export market was sluggish with no deals concluded in the week ended May 8. Several inquiries received from buyers in East Asia and Southeast...Read More
Market participants in the United States who normally buy silicon have given up trying to sell their surplus metal and the price has settled into an academic range in a near total absence of spot trade while most automakers remain closed during the Covid-19 pandemic, sources told Fastmarkets.Some say producers are not lowering their offers because they do not believe that business will materialize...Read More
Trade log for cobalt sulfate in China including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets pricesClick here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne.The exchange rate on Friday May 8 was 43,000 yuan to $6,063.Read More
Executives at SSR Mining (TSX: SSRM; NASDAQ: SSRM) and Alacer Gold (TSX: ARR; ASX: AQG) started talking about a possible merger of the two companies in November 2019, and completed all of the site visits required and much of the due diligence to make a decision on a transaction before COVID-19-related travel restrictions put an end to international travel.The business combination the two companies...Read More
Is the Hardrock gold project, 275 km northeast of Thunder Bay in northern Ontario, a shovel-ready gem or a promising project in need of further technical work?Joint-venture partners Premier Gold Mines (TSX: PG; US-OTC: PIRGF) and Centerra Gold (TSX: CG) have painted two very different pictures of the development-stage project in a legal dispute that began late last year.In a statement of claim fil...Read More
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) has secured up to US$150 million from streaming company Franco-Nevada (TSX: FNV; NYSE: FNV), which it will use to develop its Alpala copper-gold project.The Australian exploration company said the net smelter returns (NSR) agreement is for an initial US$100 million. Franco-Nevada, which provides companies with upfront cash in exchange for future produ...Read More
Production of so-called battery metals, such as graphite, lithium and cobalt, will have to increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank said on Monday.According to the global lender, over 3 billion tonnes of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage required for transitioning...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 crisisSPONSOREDproudfootEarlier this month, as Mining Journal reported on May 1, it was prices up (she loves me), according to t...Read More
Canada's oil patch has endured five years of existential threats that have pruned weaker companies, but now its strongest firms are trying to navigate the coronavirus pandemic, which has set off the worst crisis in the oil industry in 40 years.Read full newsRead More
Not even in Khruschev's wildest dreams did central planners ever conceive of anything so absolutely batshit insane as what is taking place in USRead full newsRead More
'Spot the robot' officially started patrol at Bishan-Ang Mo Kio Park on Friday.Read full newsRead More
"Rubicon Organics?,,? (@RubiconOrganics) (#CSE: $ROMJ | #OTCQX: $ROMJF) Receives License to Sell #Cannabis from #HealthCanada [https://t.co/ZChZEdg5GL]#investing #stocks #stockmarket #trading #investors #capitalmarkets #business #potstocks #marijuanastocks #AAAA #organiccannabis"Read full newsRead More
Canadian precious metals producer SSR Mining said it would to buy Alacer Gold in an all-stock deal valued at C$2.41 billion ($1.72 billion), adding heft as gold prices surge due to demand for the yellow metal in an uncertain economy.Read full newsRead More
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Western Copper and Gold Corporation announces that, due to unprecedented interest from both new and existing shareholders, the non-brokered private placement financing announced on May 8, 2020 has been increasedRead full newsRead More