Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comSep 8, 2020 To view the US government’s current report card, please click here now. The government saved nothing to prepare for any type of crisis, and the result of that failure is obvious. Please click here now. Double-click to enlarge this important weekly gold chart.As horrifyin...Read More
Raffmetal - Europe's largest secondary aluminium producer - has been awarded the Aluminium Stewardship Initiative (ASI) 'Performance Standard' certification for its refining operations in Casto, Italy, the company told Fastmarkets on Tuesday September 8.Raffmetal's accreditation is the latest in a slew awarded in 2020, including primary aluminium producers Alvance Aluminium and Impol, while other...Read More
As part of the process Excellon plans to undertake a 5:1 share consolidation to reduce the number of shares issued and outstanding from 159.9 million to about 32 million.Read More
From cars to air-conditioning units, copper intensive sectors are showing signs of an unexpected boom in China, prompting calls that the metal's price could rise further into next year amid shrinking supply stocks, Fastmarkets understands.Hitting $6,380 per tonne last week, the London Metal Exchange's three-month copper price has surged past pre-pandemic levels to its highest since June 2018, desp...Read More
Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") regrettably announces the passing of Dr. Shane Beattie, the Company's Chief Technology Officer."From the time he came on board, everyone on our team who worked with Shane experienced his total focus, and relentless interest in pushing the boundaries of energy science," said CEO Anthony Huston. "A...Read More
WPIC forecast an annual deficit of 336,000oz, a significant turnaround from the surplus of 247,000oz it forecast back in May.Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 8 that are worth another look.Japanese blast furnace (BF)-based steel mills have been using more scrap in their basic oxygen furnaces in recent weeks due to a rise in steel production and high costs for iron ore, market participants told...Read More
Vale Canada - subsidiary of Brazilian multi-metal miner Vale - and Australian zinc producer New Century Resources have failed to reach an agreement in the latter's 95% acquisition of Vale New Caledonia (VNC), the former announced on Tuesday September 8.The announcement brings the exclusivity period under which the prospective sale was being negotiated between the two entities to an end after negot...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 8 that are worth another look.Japanese blast furnace (BF)-based steel mills have been using more scrap in their basic oxygen furnaces in recent weeks due to a rise in steel production and high costs for iron ore, market participants told...Read More
Ferrous scrap prices in Mexico rose during the week ended Friday September 4, with most steelmakers announcing widespread increases in buying prices amid steady demand and a positive trend in markets in the United States.Price gains were reported across all grades both in the region near northern Monterrey city and in the central Bajio region, although the amount of the increases va...Read More
Turkish steel producers continued their deep-sea scrap purchases with support from firm demand for long steel products in the country, sources said on Tuesday September 8.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $302 per tonne, shredded at $307 per tonne and bonus at $312 per tonne cfr late on September 7.The cargo breakdown was not yet fixed by t...Read More
Vale Canada - subsidiary of Brazilian multi-metal miner Vale - and Australian zinc producer New Century Resources have failed to reach an agreement in the latter's 95% acquisition of Vale New Caledonia (VNC), the former announced on Tuesday September 8.The announcement brings the exclusivity period under which the prospective sale was being negotiated between the two entities to an end after negot...Read More
Share this articleGlobal mining deal value, suffering from an unanticipated shock from the COVID-19 pandemic, fell by over US$18bn when compared to the first half of 2019 to US$46.6bn in the first half of 2020. An expected slump in the global economy, steered by a series of challenges, has kept investors away from long-term financial instruments, resulting in a 12.7% y-o-y fall in the capital rais...Read More
It's getting ugly out there today. The tech wreck of 2020 is underway. If you look at today's heat map of stocks, there are only a few that are up.Disney (NYSE: DIS) announced that its parks are full to capacity and gained a couple of points. General Motors (NYSE: GM) and McDonald's (NYSE: MCD) are also bucking the trend.The big high-flying stocks are down. Tesla (NASDAQ: TSLA) has fallen some 30%...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, as US markets corrected, the Index finally followed its recently weakening RSI momentum indicator. The INK CIN tumbled 31.71 points or 3% to 1039.80.MACD sunk 3.93 points to -7.95. RSI fell 18.03 points to 45.63.Support is now at 1040.77 (lower Bollinger) and 1022.49 (20-day mo...Read More
Fastmarkets is extending the consultation period for discontinuation of four steel-sector price assessments in Argentina following a long period of low liquidity and an inactive spot market.The prices proposed for discontinuation are as follows:- MB-STE-0003 Steel hot-rolled coil, monthly assessment, domestic, exw Argentina, $ per tonne- MB-STE-0001 Steel cold-rolled coil, monthly assessment, dome...Read More
Domestic prices for hot-rolled coil in Europe were expected to continue to rise, supported by long lead times and reduced output from EU mills as well as a lack of import offers, sources told Fastmarkets on Tuesday September 8.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?467.95 ($553.32) per tonne on Tuesday, up by ?,?0.56 per tonne day on day...Read More
Fastmarkets is extending the consultation period for discontinuation of four steel-sector price assessments in Argentina following a long period of low liquidity and an inactive spot market.The prices proposed for discontinuation are as follows:- MB-STE-0003 Steel hot-rolled coil, monthly assessment, domestic, exw Argentina, $ per tonne- MB-STE-0001 Steel cold-rolled coil, monthly assessment, dome...Read More
CIS-based producers of steel wire rod and rebar have continued to raise their offer prices for foreign customers, with support from rising raw materials costs and finished long steel prices in competitors' markets, particularly Turkey, as well as a supportive domestic market in Russia.Demand in the major outlets has not, however, been strong enough to drive full acceptance of the new round of pric...Read More
The price of steel rebar imported to the United Arab Emirates increased this week because of high production costs, market sources said on Tuesday September 8.Domestic rebarSince August 17, producers in the UAE have been offering rebar at 1,800-1,830 dirhams ($490-498) per tonne ex-works for September production, with deals heard over the past week at 1,730...Read More