Prices for imported ferrous scrap in China were unchanged on Friday April 23 amid stable demand-and-supply fundamentals.Bids for HRS101-grade heavy scrap were heard at $505 per tonne cfr northeast China. This was equivalent to around $495 per tonne cfr east China.Offers for imported ferrous scrap were heard at $510-515 per tonne cfr north China. This was equivalent to around $500-505 per tonne cfr...Read More

Import prices for ferrous scrap in Vietnam rose further during the week to Friday April 24, due to the profitable downstream semi-finished and long steel markets, industry sources told Fastmarkets.There was a wide range of offers for bulk cargoes of Japanese H2 scrap. Some cargoes were offered to Vietnam at $470 per tonne cfr Vietnam at the start of the week, while others were offered at $460-465...Read More

The Bangladeshi steel and shipbreaking sectors are facing huge difficulties in the face of mounting Covid-19 cases in the country amid reduced supplies of oxygen, sources told Fastmarkets.Daily deaths due to the virus in Bangladesh have soared in recent weeks, with a seven-day average of 100 fatalities due to Covid-19 recorded on Thursday April 22.Bangladesh is under a nationwide lockdown, but ste...Read More

Subsidiary accounted for 12% of Kazatomprom's attributable production in 2020Read full newsRead More

The stock of Harmony Gold Mining Co (NYSE:HMY, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation.Read full newsRead More

Canadian miner Alamos Gold Inc. said it's pursuing a $1 billion claim against Turkey for preventing a controversial mining project from going ahead.Read full newsRead More

Rick Mills of Ahead of the Herd profiles Magna Gold and explains why he believes it is on the verge of leading the next line of mid-tier precious metals producers in Mexico.Read full newsRead More

Bob Moriarty of 321gold speaks to Maurice Jackson of Proven and Probable about his book chronicling Novo Resources' adventures in Australia, and he also discusses a handful of junior miners on his radar screen.Read full newsRead More

Over the last few months, almost every asset class has been rallying. The one asset that hasn’t rallied has been gold. However, the discount in gold stocks is creating an excellent opportunity to buy these cheap stocks now.After a strong rally in 2020 due largely to the pandemic, many investors sold their gold in favour of stocks with recovery potential.This makes sense. However, the result...Read More

If you are looking to start a passive-income stream, preferably tax-free from your TFSA, one of the easiest ways is to buy high-yield dividend stocks. If you manage to find the right stocks, you won’t just be able to get a decent payout, but you might also have a sustainable passive-income source on your hand — one that might not get “thinner” during harsh economic market c...Read More

Phibion has seen a four-fold increase in manufacturing activity at its workshop in Brisbane, Queensland, and "expansion into three key overseas markets with the promise of much more to come", saysRead More

China's exports of major steel products rose significantly in March on a year-on-year basis due to the attractive prices for Chinese materials in January and February, when most March shipments were booked.For instance, exports of hot-rolled coil totaled 1.78 million tonnes last month, an increase of 92% year on year, according to Chinese customs data. Fastmarkets' price assessment for steel hot-r...Read More

S&P 500 closed in the the red, vindicating my bearishsentiment going into Monday‘s session. And as I have tweeted during the day, the sellling doesn‘t appear to be over. Friday‘s: (…) selling wave before the close looks to indicatehesitation ahead. Even though VIX is attacking the 16 level, and the put/callratio ticked higher, the bulls are little disturbed thus far. W...Read More

Let's have a look at why recent silver price movements are so promising...by Korbinian Koller via Midas Touch ConsultingOne way to gain certainty about the quality of a turning point is by examining the recent past. Looking at the daily chart watching price behavior over the last twenty sessions gives quite some insights into the actual strength of the weekly timeframe turning point and its qua...Read More

The precious metals sector looks like it is beginning an important new uptrend...by Clive Maund via Streetwise ReportsGold and silver improved last week and we saw a tentative breakout by precious metals stocks from the downtrend they have been stuck in since last August. The purpose of this update is to point out that even though the sector may back off short-term from the resistance it has arriv...Read More

Here are five Fastmarkets stories you might have missed on Friday April 23 that are worth another look.Global aluminium manufacturer and recycler Novelis has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification at seven of its European sites, ASI reported on Thursday April 22.Brazil's...Read More

We spoke with Ewan Downie, CEO and Director of i-80 Gold Corp. (TSX: IAU), the newest gold producer in the market. i-80 Gold Corp is a Nevada-focused mining company, with a goal of achieving mid-tier gold producer status. The Company is currently producing gold at its El Nino mine at South Arturo (joint venture with Nevada Gold Mines - a joint venture between Barrick Gold Corporation and Newmont C...Read More

Over the past week on the INK Ultra Money platform, we heard how crude oil could be one of the biggest risks to the cryptocurrency asset class. Those risks may continue to build if US shale oil supply does not show up to save the day as the demand for oil increases.Could a crude oil rally wreck the bitcoin party? (image Maxim Hopman)Meanwhile, the mining industry received some good news in the fed...Read More

Here are five Fastmarkets stories you might have missed on Friday April 23 that are worth another look.Global aluminium manufacturer and recycler Novelis has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification at seven of its European sites, ASI reported on Thursday April 22.Brazil's...Read More

Armstrong explains, "It means extremely high volatility. Despite whatever they want to say, there is a large proportion of the population that do not believe the election. Polls are saying it's at 51%, but it's probably close to 60% or 70%. You are also seeing that 60% of Americans want a third party, and you are talking about Democrats and Republicans. . . . I think because we have such a high nu...Read More