An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
Prices for inter-merchant light iron scrap in the UK increased over the week ended Friday May 7, extending a general rally since late March, sources have told Fastmarkets.The market was likely to move higher, they added, given strong business conditions for European scrap exports into Turkey and the Indian subcontinent.UK monthly deliveries into domestic consumers in May were likely to be settled...Read More
Bob Moriarty ArchivesMay 4, 2021Blackwolf Copper & Gold (BWCG-V) used to be named Heatherdale. Certainly the new moniker is a lot more interesting.The company released results today from their tidewater in Alaska VMS project that were simply stunning,showing 7.6 meters of 2.7 g/t gold, 145 g/t silver, 6.5% zinc and an amazing 5.2% copper. If measured in CuEq it would be 10.7%. At today’s...Read More
The price of austenitic stainless steel scrap in the UK increased this week on an uptick in nickel costs and persistently strong market fundamentals, Fastmarkets heard on Friday May 7.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?1,200-1,260 ($1,668-1,751) per tonne on Friday, up from ?1,150-1,230 per tonne a week previously.Th...Read More
Bob Moriarty ArchivesMay 3, 2021According to the Fraser Institute Saskatchewan is the3rd highest rated mining jurisdiction in the world for 2020. With near record high prices quoted for copper perhaps it is time to revisit a project I have written about before located in the #3 place in the world to mine.When I did a search to find that piece I wrote about Rockridge (ROCK-V) at the beginning of la...Read More
Global steel scrap prices surged in the week to Friday May 7 and could well break through the $500 per tonne cfr mark, starting in Asia, market sources have told Fastmarkets.This was due to the continued demand for steelmaking raw materials and the current high prices for alternative iron ore feedstock, they said.Turkish scrap import prices spikeSentiment in US remains bullishPossible $485 per ton...Read More
Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday May 7, as were broader markets.Friday's United States employment report is in focus because it could prompt Federal Reserve to change tackDow Jones Industrial Average sets new highs after US initial jobless claims fell below 500,000 on Thursday for the first time s...Read More
Base metals prices on the London Metal Exchange were a bit more mixed this morning, Thursday May 6, while the return of trading on the Shanghai Futures Exchange after the Labor Day holidays saw good gains in all metals apart from zinc.Markets generally buoyant - perhaps not so surprising when the two largest economies, China and the United States could grow 6% or more this year... ...but you have...Read More
Share this article VANCOUVER - Cerrado Gold Inc. [CERT-TSXV] reported results from 14 drill holes from its continuing 12,000-metre exploration drill program at the Chulengo target at its Minera Don Nicolas Project in Santa Cruz province, Argentina.The focus for the current program is to delineate new, high-grade, near-surface mineralization that can be brought into the production schedule in th...Read More
Share this article VANCOUVER - Silver Elephant Mining Corp. [ELEF-TSX; SILEF-OTCQX; 1P2N-FSE] on Thursday May 6 announced indium and gallium assays from drilling at its Sunawayo Project in central Bolivia.Highlights include drill hole SWD002, which intercepted 87 g/t indium, 7.0 g/t gallium and 48 g/t silver (252 g/t silver equivalent) over 9.0 metres within a 31-metre interval averaging 119 g/t...Read More
Share this article TORONTO - Argonaut Gold Inc. [AR-TSX; ARNGF-OTC] reported financial and operating results for the first quarter ended March 31, 2021. The company reports record quarterly production of 59,704 gold equivalent ounces, record quarterly revenue of $105.3-million, cash flow from operating activities before changes in operating working capital of $27.7-million and net income of $27.0...Read More
Base metals are experiencing strong gains again on the morning of Wednesday May 5 with relatively high volumes being traded on the London Metal Exchange despite the absence of Chinese market participants observing a Labor Day break. Asian markets quiet with China, Japan and South Korea on holiday US Dollar Index recently at 91.24, compared with 91.16 at a similar time on Tuesday - consolidating of...Read More
When Bitcoin debuted on the market on July 10, 2010, at $0.0008, it seemed little more than a novelty for tech enthusiasts. The value of a Bitcoin was a small fraction of a cent, and few people had any clue what this new thing called a cryptocurrency was all about. And even fewer folks appreciated the underlying blockchain technology or the decentralized financial environment it created. But the...Read More
We spoke with Serafino Iacono, who is the Executive Chairman and Interim CEO of Denarius Silver Corp. (TSXV: DSLV), a Canadian junior silver and polymetallic exploration company and a spin-off of Gran Colombia Gold, to take advantage of its silver assets, like the Guia Antigua and Zancudo silver projects, located in historic mining districts in Colombia. Denarius Silver recently completed the acqu...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Defiance Silver Corp. (DEF|TSX Venture Exchange; DNCVF|OTC; D4E|Frankfurt) is an exploration company, advancing its district-scale Zacatecas Projects, located in the historic Zacatecas Silver District and the 100% owned Tepal Gold/Copper Project in Michoac??n State, Mexico. We learned from Chris Wright, who is Chairman of the Board of Defiance Silver, and also from Douglas Cavey, who is VP of Corp...Read More
At Berkshire Hathaway's (NYSE: BRK.B) (NYSE: BRK.A) annual meeting, Warren Buffett took a not-so-veiled swipe at Robinhood, basically likening it and its customers to casinos and degenerate gamblers.Buffett told investors that Robinhood has "become a very significant part of the casino aspect, the casino group, that has joined the stock market in the last year or year and a half."There is some tru...Read More
Some cobalt hydroxide consumers in China have been warned by shipping companies of potential delays to shipments following an outbreak of Covid-19 infections on Italian container ship Ital Libera, market participants told Fastmarkets.The container ship, which was on a scheduled trip from Durban, South Africa, to Singapore, was forced to anchor at Jakarta, Indonesia, in mid-April after its captain...Read More
Sometimes an event triggers that can give the right investor a glimpse into the future.I'm not talking about reading tea leaves, writing obscure quatrains, having your palm read, or rolling a set of bones.In fact, one of those events took place last fall... Did you miss it?Don't feel bad if you did - you weren't alone. Investors everywhere missed it as well and, as usual, it passed right by the he...Read More
The battery-grade seaborne Asian lithium carbonate market continued to post gains over the week on Thursday May 6 amid tight spot availability.Battery-grade lithium carbonate price cif China, Japan and Korea widened upward. Lithium prices in China steady following Labor Day holiday. Europe/US lithium hydroxide prices rose for both battery-grade and technical grade material. Lithium prices in Asia...Read More