Bob Moriarty ArchivesJul 30, 2021I wrote about Eloro about three weeks ago and pretty much covered the story. The Iska Iska project in Southern Bolivia will be a mine. It is far too big and far too rich not to be a mine under any commodity prices.The company released drill results on July 28th that probably would not qualify as just world class but it would be more accurate to call it universe cla...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Gold futures traded at US$1835.80 an ounce, the highest level since mid-June, and rose as high as $1837.50/oz."Gold is trading firmer following the FOMC meeting; however, the move still seems underwhelming given the latest move in real rates and the US dollar," UBS said."Market participants have been wondering about gold's relationship with real rates, which seems to have broken down since the Jun...Read More
Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology. The proposed wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices but are instead intended to describe the process more clearly to increase market participants' understanding of how editorial judgment is applied. The changes are not...Read More
Despite the forced curtailment of staff movements and ongoing shortages of road train drivers, ore shipments rose 27% from the March quarter to a record 5.2 million tonnes (wet), bringing the full year total to a record-smashing 17.3Mt. The company had targeted revised full-year guidance of 17.4-18Mt, but congestion at the Kwinana Port meant three shipments were delayed. Production...Read More
Adam HamiltonArchivesJul 30, 2021 The gold miners' stocks were whacked hard earlier this summer on a Fed-rate-hikes scare. That serious anomaly really damaged sentiment, spawning exceptionally-weak seasonal performance in this contrarian sector. But the bruised gold stocks and the metal they mine have trudged through, making it back to the start of their traditional strong season. That begins with...Read More
Key data from Fastmarkets' Friday July 30 pricing sessions in China, Europe and the United States.China Chinese ferro-silicon prices went up slightly following the news that a major producer in Inner Mongolia will issue a production cut due to the electricity controls in summer. In addition, Ningxia will also start a series of electricity controls to limit production, and...Read More
The award, made during NAIDOC Week, is the single largest contract under FMG's 10-year-old Billion Opportunities Aboriginal procurement program, and followed a competitive tender process. Warrikal CEO and co-founder, Koori businesswoman Amanda Healy, said the contract built on the company's relationship with FMG. Warrikal was founded in 2017 to provide engineering solutions across the mi...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Ruby Liu and Carrie...Read More
Fastmarkets' copper concentrates index jumped this week with both smelters and traders locking higher numbers for spot cargoes.Fastmarkets' assessment of the copper concentrates treatment charge/ refining charge index cif Asia Pacific has risen to its highest level since late April 2020, at $53.2 per tonne on July 30.Smelters bought spot cargoes in the mid-to-high...Read More
Precious metals mining company Sibanye-Stillwater is going to buy the Sandouville nickel hydrometallurgical processing facility from French mining group Eramet SA in a move to build on its strategy to diversify into the battery metals supply chain, the company said.The current Sandouville facilities, located in Normandy, France, include a hydrometallurgical nickel refinery with a capacity of 12,00...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More
Steel scrap prices started to move downward in major international markets such as Turkey and the US East Coast export sector over the week ended Friday July 30, amid plentiful supply of scrap in some areas but tepid buying interest.Turkey import buy prices drop amid poor long steel salesRising scrap availability on US East Coast depresses export pricesVietnam remains out of import scrap market am...Read More
The light iron scrap market in the UK was unchanged on Friday July 30, but a change in direction was likely due to a recent drop on the export markets, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?180-195 ($251-272) per tonne on Friday, unchanged at a multi-year high.Market participants expecte...Read More
The prices of shredded steel scrap imports into Pakistan and India weakened on Friday July 30 following a drop in Turkish scrap prices, sources told Fastmarkets.Fastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $544.77 per tonne on Friday, down from $546.46 per tonne a week earlier.Deals were reported at $543-545 per tonne this week, down from deal...Read More
A summary of Luxemburg-based Nexa Resources' copper, zinc, and lead ore production for the second quarter of 2021, according to results released on Thursday July 29 and a conference call on Friday July 30.In brief Nexa Resources' zinc production jumped by 30.7% year on year. The company cited renewed output from its Peruvian mines, which had been subject to government-mandated restrictions in the...Read More
Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology. The proposed wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices but are instead intended to describe the process more clearly to increase market participants' understanding of how editorial judgment is applied. The changes are not...Read More
Share this article THUNDER BAY - Great Atlantic Resources Corp. (TSXV:GR) reported the closing of its previously announced non-brokered private placement offering for aggregate gross proceeds of $1,450,000 in units of the Company at a price of $0.50 per Unit. Mr. Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, subscribed for the entirety of the Privat...Read More
Precious metals mining company Sibanye-Stillwater is going to buy the Sandouville nickel hydrometallurgical processing facility from French mining group Eramet SA in a move to build on its strategy to diversify into the battery metals supply chain, the company said.The current Sandouville facilities, located in Normandy, France, include a hydrometallurgical nickel refinery with a capacity of 12,00...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More