Copper, the highly conductive red metal vital to the manufacturing of products essential to the electrification of the world's energy systems is also used in heating, cooling, electronics, power generation and transmission, automotive applications and has antimicrobial abilities.Demand from the green energy transition has sparked a rally on copper markets. The world's top 10 biggest copper mines...Read More
The demand for improved environmental and social governance (ESG) continues to intensify. Of the many issues that ESG covers, it is carbon emissions that are receiving the most attention due to the fight to prevent further climate change. For miners, this same issue happens to be the most problematic.Investors with deep pockets and major market influence are pushing for miners to adopt aggressiv...Read More
Marathon Gold (TSX: MOZ) is raising $50 million (US$41.27 million) in a private placement to support exploration and development activities at its Valentine gold project in Newfoundland.A single institutional investor, Pierre Lassonde and Trinity Capital Partners Corporation and Affiliates, participated in the offering, Marathon said. The financing consists of 14,285,714 common shares priced at...Read More
China, the country leading global sales of new energy vehicles (NEVs), not only will maintain its market position accounting for half of all expected global NEV during the next decade, but it may also make a grand entrance into western markets. This is according to London-based market analyst CRU, whose recent EV report states that local sales will be driven in part by government policy - such as...Read More
Iamgold (TSX: IMG, NYSE: IAG) has confirmed it will resume operations at its Westwood underground mine in southwestern Qu?(C)bec in the second half of the year.The gold mine has been halted since late October, which forced Iamgold to lay off 437 workers or 70% of its underground staff following a seismic event at the operation.The mill restarted in November, processing stockpile and Grand Duc sat...Read More
Osino Resources (TSXV: OSI; US-OTC: OSIIF) plans to make its Twin Hills gold project in the Karibib gold district of central Namibia, 150 km northwest of the capital Windhoek, the "quickest discovery to production story in recent memory," says the company's co-founder and CEO Heye Daun.Since its discovery in 2019, Twin Hills already has a sizeable mineral resource, which is likely to grow as the...Read More
Economists are tracking a broad economic recovery across the globe that appears to be gathering momentum and commodity prices are trading at healthy-to-stratospheric levels amid recovering demand from the Covid-19 pandemic, escalating geopolitical tension between the world's industrial juggernaut China and key mining nations like Australia, and circumstantial supply-side issues.On May 12 iron ore...Read More
Import prices for ferrous scrap in Vietnam surged during the week to Friday May 14 amid bullish sentiment in the spot market among scrapyards, steel mills and traders.Multiple factors have driven the price increases, chief among which is the rapid increases in regional and Turkish scrap prices, as well as booming downstream steel prices.Buyers are also purchasing deep-sea cargoes from the United S...Read More
Prices for containerized ferrous scrap in the key Taiwanese market surged this week amid strong demand for cargoes and limited offers from sellers waiting for more price increases. Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), United States material import, cfr main port Taiwan was $475-480 per tonne on Friday May 14, increasing by $15-20 per tonne from W...Read More
China's import prices for steel scrap declined on Friday May 14 on a sharp drop in the price of steel products.Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $520-540 per tonne on Friday, down by $5-10 from $530-545 per tonne a day earlier.A few buyers bid for...Read More
Eastern China's Shagang will participate in a mixed ownership reform of central China's Anyang Iron & Steel, and the former is likely to emerge as the controlling shareholder in the latter, according to a notice released by Anyang Steel late on Thursday May 13.The change in shareholding will neither influence the steel production of the two mills - based in the provinces of Jiangsu and Henan...Read More
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