Aug 19, 2020 Guest(s): Sean Fieler President, Equinox Partners A mismatch between prices and fair value have created a unique opportunity to own gold and silver stocks in the current environment, said Sean Fieler, CIO of Equinox Partners."If you look back at the last 50 years, gold itself has returned 89% since the end of the Bretton Woods system, so there are good long-term returns there. Right...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
Harry "Red" Conger has been appointed as the executive vice president and chief operating officer (COO) of Teck Resources, effective September 1.Known throughout the mining industry as "Red," Conger will be responsible for all of Teck's mining and metallurgical operations, projects and joint ventures across the copper, zinc, steelmaking coal and energy business units. Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 19.Please click...Read More
The Madras High Court of India has rejected Vedanta's plea to restart its Tuticorin copper complex, which has been closed since 2018.The long-awaited verdict came on Tuesday August 19 to uphold an earlier decision to keep the 400,000 tonne-per-year copper complex in Tamil Nadu closed with no access to electricity. In 2018, 13 locals were killed in a shooting incident during a protest aga...Read More
Nickel premiums in China were under pressure from lack of demand and lower offers in the week ended Tuesday August 18, while premiums in Europe and the United States were unchanged week on week. Premiums in China fall while nickel pig iron (NPI) and sulfate prices rise. US, European premiums stay muted in traditional August trading lull. China nickel premiums fall on weak activity The nickel...Read More
Officially, a decision to complete construction of Jansen has been delayed until the middle of next year despite BHP having already invested US$2.Read More
ASX-listed NRW Holdings (NWH), among the world's biggest contract mining and engineering groups, says it has at least A$2 billion of work on order to underwrite another year of growth in FY2021.Read More
The alumina market once again had all eyes focused on developments at Hydro's Alunorte refinery in Brazil on Wednesday August 19, and alumina prices are pushing higher again. Hydro announced last night that it had halted operation of the pipeline transporting bauxite from its Paragominas bauxite mine to Alunorte alumina refinery for extended maintenance. It means production has been temporari...Read More
Last year, when Australia-based major Newcrest Mining announced it would buy a 70% interest in Imperial Metals' Red Chris mine, CEO Sandeep Biswas called BC a tier-one jurisdiction.Read More
IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF) is pleased to announce that it has closed the previously announced US$6 million private placement of an unsecured convertible debenture (the "Debenture") with Queen's Road Capital Investment Ltd. ("QRC") (TSXV: QRC).Craig Parry, IsoEnergy's Chief Executive Officer, commented: "It is with great pleasure that we welcome Queen's Road Capital as a stra...Read More
Vancouver, BC - Ovation Science Inc. (CSE:OVAT) ("Ovation" or the "Company"), announces that it has expanded its production of its DermSafe (R) Hand Sanitizer Lotion by completing the manufacturing of its first order in Canada at a contract manufacturer in Ontario that follows strict cGMP guidelines set by Health Canada.Additionally, the Company is pleased to announce that it is now working with...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
An overview of the minor metals markets andthe reasons for any price moves.Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 19 that are worth another look.South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on August 19.The Madras...Read More
The Turkish deep-sea scrap import market has remained quiet so far this week, with mills staying away due to weak finished long steel demand, sources said on Wednesday August 19.The country's steel producers halted their deep-sea bookings on August 7, when the price for HMS 1&2 (80:20) was $285 per tonne cfr for material from the United States and the Baltic Sea.Since then, no significan...Read More
A sharp rise in the Kanto auction price and improved demand from South Korea helped Japanese export steel scrap prices rise over the last week, market sources told Fastmarkets on Wednesday August 19. Japan's monthly Kanto Tetsugen, which is an auction between a cooperative of scrap dealers in the Tokyo region, was moved back one week from its usual slot in the second Wednesday of the month due to...Read More
Most of the base metals on the London Metal Exchange were consolidating this morning, Wednesday August 19, after the majority of them extended gains on Tuesday; the exceptions were aluminium and tin, while copper was where the main action was this morning.The S&P 500 and Nasdaq established fresh record highs on Tuesday, while Asian-Pacific equities were mixed this morning.Gold prices are consolida...Read More
Key data from the Wednesday August 19 pricing session in Shanghai.Key drivers Spot cobalt metal prices in China continued to edge lower amid lackluster demand despite recent stability in local futures prices; consumers largely on the sidelines with adequate material on hand.Chinese cobalt tetroxide prices softened...Read More
All our troubles seemed so far away in December 1970.Just a month before, U.S. oil production had averaged a new all-time record of 10.04 million barrels per day.Life was good on top, and the future looked brighter every month.For us, the sky was the limit.So you can imagine why the dip back below 10 million barrels per day that December didn't cause too much alarm.Then it dipped again just one mo...Read More