Key data from Friday May 29 pricing session in Shanghai.Key drivers Market strengthens amid persistent tight spot supply; limited number of plants in China are producing tellurium and supply of foreign brands remains...Read More
Prices in the European high-carbon and low-carbon ferro-markets increased in in the week ended Friday May 29.In high-carbon trading, industry sources reported deals agreed for more than 1,000 tonnes of alloy that raised the upper end of the price assessment. And deals for about 350 tonnes of more refined-grade material were reported, which had the same effect on the price range in that market.In a...Read More
YTD the 5 biggest stocks are up 15% while the remaining 495 S&P500 companies are lower by a collective 8%, with the overall S&P400 index is down 5% YTD,Read full newsRead More
Steve Kerr saw the positives in the Warriors' organization long before he was hired as the team's head coach.Read full newsRead More
Small-scale gold mining in the Peruvian Amazon poses a health hazard not only to the miners and communities near where mercury is used to extract gold from ore, but also to downstream communities hundreds of kilometers away where people eat mercury-contaminated river fish as part of their diet.Read full newsRead More
It's the state's secondnd large utility to?EUR...consider pursuing sources.Read full newsRead More
Getchell Gold Corp. is pleased to announce it has closed the non-Read full newsRead More
FenixOro Gold Corp is pleased to announce the formal commencementRead full newsRead More
Rokmaster Resources Corp. announces that due to the COVID-19 pandRead full newsRead More
Chevrier core shack Credit: Genesis Genesis Metals has released assay results for four holes completed at its 290-sq.-km Chevrier gold project near Chibougamau, Quebec.The drill highlights include 19.7 metres of 1.36 g/t gold starting at 74.6 metres, 7.4 metres of 1.79 g/t gold starting at 223 metres as well as 3 metres of 3.99 g/t gold. The first two intercepts include higher-grade intervals: 1...Read More
A worker in the core shack at the Troilus gold project Credit: Troilus Troilus Gold has announced an upsized bought deal of C$22 million (up from C$15 million originally) as equity raises in the mining space continue.The company entered into an agreement where Cormark Securities, Laurentian Bank Securities and Stifel GMP are co-lead underwriters for a syndicate purchasing 21 million units of the...Read More
ERIKS stocks a variety of heavyweight conveyor belt products (Credit: Eriks) Eriks North America and Fenner Dunlop have announced a partnership to provide conveyor belting products and services to industrial customers in northern California and Nevada.Scott Holquist, VP of conveying systems products with Eriks North America, said that the two companies offer a unique combination of expertise,...Read More
That's not cobalt blue. Image from Great Wall Motors. High energy density, longer-range NCM (nickel-cobalt-manganese) cathodes, together with Tesla's NCA (nickel-cobalt-aluminum) technology account for over 90% of batteries in passenger EVs. Automakers continue to thrift the use of cobalt - by far the priciest raw material - in cathodes. While NCM111 (equal parts nickel, cobalt, magnesium) are f...Read More
La Colorada silver mine in Mexico. Image from Pan American Silver. Pan American Silver (TSX: PAAS) has announced that operations have resumed at its Dolores and La Colorada mines in Mexico, following the restart of its Shahuindo, La Arena, San Vicente and Manantial Espejo operations, initiated in May.The mines are initially operating at reduced capacities to accommodate new protocols in r...Read More
Here are five Fastmarkets stories you might have missed on Tuesday June 2 that are worth another look.The Canadian International Trade Tribunal (CITT) has initiated an inquiry as to whether imports of heavy steel plate from four nations and the island of Taiwan cause injury to domestic producers.Konkola Copper Mines (KCM) has signed a provisional power supply agreement with Zambian state-owned uti...Read More
Atlantic Nickel's Santa Rita mine in Brazil is on track to ramp up to 105,000 tonnes by the end of 2020 and has seen strong market demand for sulfide concentrate throughout the Covid-19 pandemic, its owner said. According to Appian Capital Advisory LLP, the mine has produced over 30,000 tonnes of nickel concentrate to date and has successfully completed its second and third shipments ahead of the...Read More
Weekly Reports |Jun 02 2020Activity in uranium markets slipped back to more normal levels in May as utilities remain reluctant to commit.-US uranium purchases up 20% in 2019-Purchases from non-allies exceeded those from allies-Utilities still expected to come to the market this yearBy Greg PeelA recent US Department of Energy report into the US uranium market, which at 28% of demand is the world's...Read More
Konkola Copper Mines (KCM) has signed a provisional power supply agreement with Zambian state-owned utility Zesco Ltd after a long-term supply contract between the copper producer and the Copperbelt Energy Corporation (CEC) expired.Zesco is now transmitting power via CEC infrastructure to KCM operations while the two parties finalize their agreement.A 20-year contract between CEC and KCM, which op...Read More
Bob Moriarty ArchivesJun 2, 2020It’s not uncommon for the metals to want to take a break in late spring. Silver has been on a tear lately and is getting a bit frothy. TheDSI is at 93 and while that is not saying we are at a major top, it does suggest that a correction into perhaps August would not be amiss.In addition the silver seasonals favor a correction from May into August. Silver and s...Read More
Matt LampertElliottWave InternationalPosted Jun 2, 2020Just about everyone thinks the coronavirus pandemic slammed global stock prices in February and March. Entire countries shut down; businesses closed up shop; unemployment soared. People stopped spending money beyond the essentials, so conventional wisdom would indeed expect stocks to slide as a result. Yet consider the below chart of the Shang...Read More