An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More

Government incentives will help solidify a future shift to cleaner energy, in addition to buffering electric vehicles (EVs) from the trend of declining sales faced by the wider automotive sector during the Covid-19 pandemic, attendees heard during a Fastmarkets webinar this week. "The question with incentives is always whether they just pull sales forward, and to some extent, we do feel like that...Read More

The Baowu Steel Group, China's largest steelmaker, is now the controlling shareholder of the Taiyuan Iron & Steel Group (Tisco), the country's second-largest producer of stainless steel, the latter has announced.Shanxi province's State-owned Assets Supervision & Administration Commission, which owned all of Tisco's shares, transferred 51%...Read More

A year ago, Glencore (LSE: GLEN) announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak hit 18 months previously.Given that Mutanda is the world's largest cobalt mine and responsible for a fifth of global output in a market of only 135,000 tonnes per year, market reaction was muted. Congo domina...Read More

In the summer of 1925, the discovery of gold in northwestern Ontario's Red Lake region triggered the last great gold rush in North America.At the height of the gold rush, in 1926, more than 3,000 people had converged on the region.By 1936, Howey Bay, in the heart of Red Lake, was the busiest airport in the world, transporting freight and passengers in and out of the goldfields every 15 minutes.To...Read More

Iamgold (TSX: IMG; NYSE: IAG) has delayed the sale of its Sadiola gold mine in Mali, a joint venture with South Africa's AngloGold Ashanti (NYSE:AU), as the country reels from a coup, the second in less than ten years.The Toronto-based miner and its partner reached a US$105 million deal in December to sell their 82% combined stake (41% each) in the gold project to Australia's Allied Gold.The trans...Read More

AngloGold Ashanti (NYSE: AU) will have to keep trading shares in South Africa to conclude the sale of its last remaining assets in the country to rival Harmony Gold (NYSE: HMY), a government official said today.The company, which announced the sale of its remaining asset in its home country earlier this year for US$300 million, must also keep its headquarters in Johannesburg, the source from the D...Read More

Ontario's long-standing mining legacy, availability of geological data and established track record with mineral explorers, developers and producers, position it as a world-class destination for the industry. Below, we provide an overview of eight companies with assets in the province. Argonaut GoldAn aerial view of Argonaut Gold's Magino gold propery in Ontario, located 14 km southeast of Dubreu...Read More

David Daoud, vice president of exploration and geology at newly listed Sun Peak Metals (TSXV: PEAK), was part of the exploration teams that discovered the Bisha and Asmara gold deposits in Eritrea when he worked for Nevsun Resources and its sister company, Sunridge Gold, in the early 2000s.Now he believes there is an opportunity to repeat those two home-runs across the border in Ethiopia at the Sh...Read More

Chile's SQM (NYSE: SQM), the world's second-largest lithium producer, achieved record second-quarter output levels and saw sales volumes soar on renewed optimism about long-term demand for the metal used to power electric vehicle batteries and high-tech devices.The company said it's producing at record levels of 70,000 tonnes for the year, which has allowed it to build higher levels of inventory a...Read More

Prices for steel scrap imported to South Korea moved upward over the past week following a rise in demand from steelmakers, market sources told Fastmarkets on Friday August 21.Most buyers had been out of the market over the past few weeks, largely due to holidays in Japan and high offer prices from the United States West Coast.But the market gained ground in recent days following the increase in J...Read More

Strong demand for ferrous scrap imports in the key Southeast Asian market of Vietnam has resulted in prices in the country catching up with those in Bangladesh, a major buyer in South Asia.Keen interest was reported for deep-sea bulk cargoes of heavy melting scrap from the United States West Coast this week, and at least four cargoes have been sold to Vietnam in the past two weeks - three to the s...Read More

Sellers of imported containerized scrap from the United States West Coast to Taiwan abstained from offering material over the past week because of continued bullish sentiment in the spot market.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $262-265  per tonne on Friday August 21, unchanged from a day...Read More

Most people know Nexus Gold (TSXV: NXS; US-OTC: NXXGF) from its portfolio of five gold projects in Burkina Faso, in particular its flagship near-surface Bouboulou orogenic gold deposit.But security risks in West Africa in recent years, including an attack last year on Semafo's Boungou mine in southeastern Burkina Faso that left 39 people dead and wounded 60 others, underscored the importance of...Read More

Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Read full newsRead More

Federal approval of a controversial gold and copper mine in Alaska that would be the largest in North America may be put on hold on hold after a small group of influential Republicans launched a full-court press to block the project.Read full newsRead More

Most people know Nexus Gold (TSXV: NXS; US-OTC: NXXGF) from its portfolio of five gold projects in Burkina Faso, in particular its flagship near-surface Bouboulou orogenic gold deposit.But securRead full newsRead More

Do you own precious metals stocks? Precious metals such as gold and silver have long been viewed as stores of wealth for thousands of years. In fact, rapidly rising gold prices are often a pre-cursor to a colossal shift in the market.By way of example, at the onset of 2020, gold traded at just over US$1,500 per ounce. Earlier this month, gold hit its highest price ever, breaking the US$2,000 per o...Read More

The stock market is back at all-time highs. But the gains are as hollow as the suits that tout them on TV. Earnings growth for the S&P 500 in Q2 was negative 34%. It's expected to be negative 22.9% in the third quarter and negative 12.8% in the fourth quarter. Merry Christmas, you filthy animal. You will hear that companies are "beating" earnings expectations. And that's because the same holl...Read More

March 4, 1933Washington, D.C.Franklin Delano Roosevelt was inaugurated as the 32nd president of the United States, defeating Republican incumbent Herbert Hoover in a landslide victory.In his first speech to the nation as president, FDR addressed issues of his time including a devastating economic crisis (now known as the Great Depression), a staggering 25% unemployment rate, and deteriorating fore...Read More