China's hot-rolled coil prices dipped on Monday June 15 despite a relative tightness in supply in the eastern region, with a spike in the number of Covid-19 infections in Beijing over the weekend resulting in a weakening of the futures market.DomesticEastern China (Shanghai): 3,640-3,650 yuan ($514-515) per tonne, down 10 yuan per tonnePrices fell slightly in Shanghai amid falling futures, though...Read More
China's rebar market appeared to be unperturbed by a spike of Covid-19 infections in Beijing over the weekend.Domestic Eastern China (Shanghai): 3,570-3,600 yuan ($504-508) per tonne, down by 10 yuan per tonneThe number of infections in the capital started to rise on Saturday, but so far, there has not been any restrictions imposed on the construction sector in and around the city.Beijing has test...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday June 12.China Export price for silicon grade 5-5-3 dropped - with deals concluded at the low and mid of the price range - while trading volume was very limited at no more than 40 tonnes per order.Weak overseas demand continued to pressure the silicon price, while sources...Read More
Key data from Friday June 12 pricing session in Shanghai.Key drivers Price range widens downward following the emergence of lower offers for Chinese brands of selenium amid sluggish demand from the glass industry and weakness in...Read More
Nornickel's estimated $150-million cost to clean a company oil leak is "hugely preliminary", the Russian miner said in a press conference two weeks after the biggest oil spill in the Arctic Circle since the Exxon Valdez.And the company expects by June 26 a government assessment of penalties, from the Environment Supervision Agency (Rosprirodnadzor), Nornickel said during the teleconference on June...Read More
A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms."We forecast global gold production to increase from 106 million oz. in 2020 to 133 million oz. by 2029, averaging 2.5% annual growth," the document states. "This would be an acceleration from the average grow...Read More
At least 1.1 tonnes of gold mined in the Democratic Republic of Congo (DRC) were smuggled last year into countries along the eastern border, costing the impoverished nation millions of dollars in tax revenue and funding conflict and criminal networks, a United Nations Group of Experts report shows.Congo's official exports of gold extracted by artisanal miners bear almost no relation to reality, th...Read More
Kinross Gold (TSX: K; NYSE: KGC) has reached an in-principle deal with the government of Mauritania, which the company says will better balance the interests of both parties in the Tasiast gold mine.Under the terms of the agreement, Mauritania would provide Kinross with a 30-year exploitation licence for Tasiast Sud, granted with expedited permitting and the possibility of early mining.It could al...Read More
The global Top 40 mining companies are so far weathering the Covid-19 storm mostly unscathed, but the longer-term impacts remain uncertain and ongoing disruption is likely, according to PwC's Mine 2020 report.The International Monetary Fund (IMF) predicts a 3% contraction in the global economy for 2020, but sees the mining sector in good condition on the back of a solid financial performance in 20...Read More
The S&P/TSX Venture Composite Index fell by 0.36% to finish the June 8-12 trading week at 554.91, with gold finishing the week at US$1,730.50 per oz., a rise of US$46.50 per oz. from the previous week.Shares of Artemis Gold jumped 75% to $3.09 following news of its plans to purchase New Gold's Blackwater gold project for $190 million in cash. Under the agreement, Artemis will pay New Gold an initi...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesBoth Glencore and Adani have their own reasons for maintaining an interest in coal despite a worldwide campaign to sideline the material and...Read More
Hot on the heels of yet another press release that they will be buying corporate bonds, US equity markets all spiked into the green for the day.Read full newsRead More
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