Integrated vanadium producer Largo Resources (TSX: LGO; OTCQB: LGORF) is charting a course towards capturing 3% or about 1,400 megawatt-hours of the long-duration energy storage battery market by 2025, company executives said during the company's first 'battery day' presentation this week.Largo, which had spun out Largo Clean Energy in December to provide long-duration vanadium redox flow battery...Read More
Canada's Ivanhoe Mines (TSX: IVN) has inked deals with China's Zijin Mining's subsidiary and trader Citic Metal to sell each 50% of the copper production from the recently-launched first phase of its Kamoa-Kakula mine in the Democratic Republic of Congo (DRC).The copper concentrate and blister copper off-take agreements will see wholly-owned Zijin unit Gold Mountains (H.K.) International Mining...Read More
Cornish Metals (TSXV: CUSN; LON: CUSN) posted on Wednesday an updated resource estimate for its South Crofty tin-copper project in Cornwall, southwest England, as it moves to closer to reopening the past producing mine.The Canadian miner, formerly known as Strongbow Explorations, said additional sampling showed a 10% increase in indicated resources to 2.08 million tonnes in both the lower mine a...Read More
Copper cathode premiums fell even further for shipments into China, while US rates remained high in the latest assessments on Tuesday June 8. A firmly closed arbitrage window sent Fastmarkets premiums down further in China. US premiums are stable at high levels, supported by high costs and good demand. China's low premium dents spot activity; SEA market flat There was minimal spot interest...Read More
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The gold mining sector is a popular field for investors as there are over 300 companies listed and publicly traded. Gold and gold mining companies are often seen as complementary...Read full newsRead More
The gold mining sector is a popular field for investors as there are over 300 companies listed and publicly traded. Gold and gold mining companies are often seen as complementary...Read full newsRead More
Amid improving economic indicators and rising commodity prices, the Canadian benchmark index, the S&P/TSX Composite Index, has increased by 14.7% this year. Despite the stellar growth, there are few undervalued stocks, which offer excellent buying opportunities. In this article, we will look at four such stocks that are trading below $10.Goodfood MarketAmid the recent selloff in the tech stock...Read More
Bitcoin is not like gold after all, following its meltdown in May 2021. Another brutal month is possible in June, given the diminished investors’ interest plus the start of crackdowns in the cryptocurrency space. The latest disturbing news is a few hundred cases of crypto scams reported from the UAE in the Middle East.The highly volatile nature of Bitcoin is on full display again. As of June...Read More
The axe landed with the power of God Himself upon the saloon's mirror - sending shards of glass exploding in every direction as the drunken patrons froze in shock."Who is this insane lady!" they shouted, cowering behind their barstools. Her name was Carry Nation, and she had announced her presence in a way that history would never forget. Wielding nothing but a small hatchet and the fury of a tho...Read More
For more than a year now, I've been ringing alarm bells about inflation.But earlier this spring (March 11) I called out oil prices specifically."Oil prices have staged a comeback and are now trading above $65 per barrel - an 80% surge from their October lows," I noted. "Better still, for the industry at least, they're poised to shoot even higher."And indeed oil prices have continued their climb.We...Read More
Here are five Fastmarkets stories you might have missed on Thursday June 10 that are worth another look.The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to...Read More
Base metals prices on the London Metal Exchange were little changed at the 5pm close of trading on Thursday June 10, with slight increases for aluminium and nickel, while prices dipped elsewhere on the complex.The three-month copper price fell by 0.9% to $9,890 per tonne during Thursday trading, down from $9,978.50 per tonne at Wednesday's 5pm close, despite reaching an intraday high of $9,992.50...Read More
After a one-month consultation period, Fastmarkets has amended the timing specifications for its assessment of Italian SHG (special high grade) zinc premiums.The frequency of the assessments, which are currently weekly, will move to a fortnightly basis after the next assessment date on June 15. The change is due to the Italian zinc market being largely centered around long-term contracts...Read More
The underwriters agreed to purchase 4.5 million units at C$1.10 each, a 6.8% discount to the company's closing price of $1.18 the night before, for $5 million; 4 million flow-through units at $1.Read More
Vancouver, BC - Venzee Technologies Inc. (TSX-V: VENZ | OTCQB: VENZF) ("Venzee" or the "Company"), a smart tech Software as a Service (SaaS) platform, used by Consumer Brands to move critical, consumer-facing product information to any global retailer, announced today additional Mesh Connector?,,? sales to a leading manufacturer and distributor of thermoelectric and refrigeration products.The clie...Read More
The emergence of an additional Wednesday deep-sea scrap purchase by a Turkish steel mill has helped to keep prices on a upward trend, sources told Fastmarkets on Thursday June 10.The cargo from Canada was booked by a still mill in the Iskenderun region, comprising 9,500 tonnes of HMS 1&2 (95:5), 7,500 tonnes of rails and 12,000 tonnes of plate & structural (P&S) scrap at an average price of $...Read More
The latest deals for containers of steel scrap imported into Bangladesh over the past seven days have shown small price increases from deals in the previous week, sources told Fastmarkets on Thursday June 10.Overall scrap demand in the country remained low, particularly given the start of the monsoon season this month, but sources said that buyers in the container market have been forced to raise...Read More
Share this article VANCOUVER - Although it's not a widely known or understood industrial commodity, manganese is the fourth most common metal by tonnage after iron, aluminum and copper. Most of the world's manganese is used to improve the strength and toughness of steel or remove unwanted elements such as sulphur and oxygen. A silvery-white to grey, hard, brittle chemical transition metal, mangan...Read More
Last Sunday, YouTube sensation Logan Paul fought Floyd Mayweather in an exhibition match.The fight had been hyped for months, with folks who know nothing about boxing declaring Paul was the next Mike Tyson. And folks like me, who have been watching the fights for decades, shook their heads in disgust.How did this happen?How did one of the greatest boxers of all time get lured into fighting some ki...Read More