Revitalizing Mineral Exploration and Development in the Prolific Gaspe Peninsula, QuebecRead full newsRead More

Barrick Gold (TSX:ABX)(NYSE:GOLD) is a turnaround stock. In 2016, the company suffered due to a high debt load but has since turned operations around and is now well on a path to recovery. At the time of Barrick’s merger with the Hemlo asset, the market doubted whether Hemlo was a viable asset. However, Barrick unpacked the geology and rebuilt the models and, in the process, found many oppor...Read More

Some news topics are largely unbearable. Financial news has plenty of its own issues in this regard, but it is far from the worst.Look no further than space and astronomy news for the most egregious examples.Just look at the articles on how to see the "strawberry super moon" from June. Read one and congratulations, you just read an article on how to look up and see just a regular old full moon, th...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 3 that are worth another look.Some overseas buyers have reneged on contracts for cold-rolled coil and hot-dipped galvanized coil exports from China after the recently announced cuts in value-added tax rebates for some steel products, industry sources told Fastmarkets.Nanshan Aluminum, which is...Read More

Aluminium premiums in the United States and Europe climbed further on Tuesday August 3 on tight supply in those regions, while premiums in Asia remained flat on muted demand.US Midwest premium jumps to fresh all-time highPremiums in Europe tick up on supply tightnessMain Japanese ports (MJP), South Korea premiums steady on thin liquidityUS Midwest premium shoots up by almost 10%Fastmarkets assesse...Read More

Due to a reporter error, the United States zinc and copper premiums for Tuesday August 3 were published in Fastmarkets' price book after the scheduled time of 4pm GMT.Fastmarkets' fortnightly assessment of the copper grade 1 cathode premium, ddp Midwest US and the zinc SHG min 99.995% ingot premium, ddp Midwest USwere published later than the scheduled time of 4pm GMT.For more information, or...Read More

Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comAug 3, 2021 Amateur investors tend to focus on predicting what’s next for their current situation. In contrast, professionals prepare for a futurethat is mostly unknown. In 2019, when I talked about preparing for a potential 2020-2021 virus cycle, most investors ignored my warnings,...Read More

An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday August 3 and their latest price moves.China UG2 chrome ore prices rose following the surge in downstream ferro-chrome prices in recent weeks. Turkish lumpy ore prices also increased on high freight costs from Turkey to China. Domestic spot ferro-chrome prices adjusted downward after buyer interest weak...Read More

Manganese ore prices were under pressure from stubborn port inventories in China during the week ended Friday July 30, with buying sentiment further lowered by new cuts to alloy production to be imposed in the south of the country.Almost all manganese alloy smelters in Ningxia province suspended their operations from July 27 due to reduced electricity supplies, market participants told Fastmarkets...Read More

The first maiden hole, drilled adjacent to the Sala mine, returned peak grades of 328 grams per tonne silver, 12.2% zinc and 5.9% lead.   Assays from the maiden hole were 3.8m at 7.Read More

The latest data for global manganese ore market for the week ended July 30, 2021.Read More

Turkish steel producers resumed their deep-sea scrap bookings after a short break, taking advantage of lower prices, market participants told Fastmarkets on Tuesday August 3.A steel mill in the Marmara region booked a US cargo comprising 29,000 tonnes of heavy melting scrap 1&2 (80:20) at $463 per tonne and 8,000 tonnes of shredded and 3,000 tonnes of plate and structural (P&S) at $478 per tonne c...Read More

Lower bids for Japanese steel scrap heard from key buyers, combined with the sharp drop in Chinese ferrous futures this week, have created a slide in sentiment across the major Asian steel scrap markets, sources told Fastmarkets on Tuesday August 3.Slide in Chinese futures market reduces cfr China scrap, billet pricesTokyo Steel drops scrap buy prices at Tahara works, except for Shindachi bushelin...Read More

Lower bids for Japanese steel scrap heard from key buyers, combined with the sharp drop in Chinese ferrous futures this week, have created a slide in sentiment across the major Asian steel scrap markets, sources told Fastmarkets on Tuesday August 3. Slide in Chinese futures market reduces cfr China scrap, billet prices Tokyo Steel drops scrap buy prices at Tahara works, except for Shindachi bushel...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally weaker this morning, Tuesday August 3, with LME copper and SHFE aluminium bucking the trend, but the drop in US ten-year treasury yield hints of a pick-up in haven buying.Asian equities mainly lower this morningSome disappointing manufacturing purchasing managers' index (PMI) have raised concern about...Read More

When Mark Zuckerberg of Facebook (NASDAQ: FB) fame started talking about "the metaverse" on his conference call, I had flashbacks to Spider-Man: Into the Spider-Verse, a movie my kids turned me onto that has the unique ability to incorporate a web-slinging pig named Peter Porker.But no, our friendly neighborhood social media billionaire had something else in mind entirely, though what that is is s...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 3 that are worth another look.Some overseas buyers have reneged on contracts for cold-rolled coil and hot-dipped galvanized coil exports from China after the recently announced cuts in value-added tax rebates for some steel products, industry sources told Fastmarkets.Nanshan Aluminum, which is...Read More

Prices for hot- and cold-rolled steel sheet in Russia's Central Federal District around Moscow showed no change week on week in the seven days to Monday August 2, with a mood of pessimism among both mills and stockists, sources have told Fastmarkets.A pricing downtrend developed in the steel plate sector, and this was expected to reach other market sectors later in the month.Hot-rolled sheetNomina...Read More

Turkish prices for flat steel products decreased during July and trading was limited due to holidays during the month, sources told Fastmarkets on Tuesday August 3.Global weakness in flat steel markets during the holidays - Democracy Day was on July 15 in Turkey, and the Ei al-Adha holidays took place from July 19-24 - sparked the decline in prices.Turkish hot-rolled coil producers are currently a...Read More

Domestic steel rebar prices in Russia's Central Federal District declined during the week to Monday August 2 because an export duty came into force on August 1, directing more material into the local market.The Russian government has imposed an export tax on rebar for the period between August 1 and December 31, 2021. The base duty rate will be 15% but the duty will be no lower than $115 per tonne...Read More