BHP (NYSE: BHP; LSE: BHP; ASX: BHP) will make a final investment decision on a major expansion of the processing plant at its Mt. Keith nickel mine in Western Australia as it invests further in battery metals to meet expected soaring demand. Nickel is a key component for EVs cathodes and the world's no. 1 miner sees nickel demand growing faster than expected due to a spike in the adoption of...Read More
This week's episode features Rio Tinto's second-quarter conference call with chief executive officer Jakob Stausholm and chief financial officer Peter Cunningham. The executives discuss the company's extraordinarily profitable first half of the year, which included a $9.1 billion dividend, as well as ESG, demand out of China, and the company's Jadar lithium project in Serbia. All this and more wi...Read More
Fastmarkets yesterday launched a new index for the steel scrap import market in Turkey - the steel scrap, month-to-date deal-weighted average, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, $ per tonne.After a month-long consultation period, Fastmarkets launched the Turkey import steel scrap month-to-date deal-weighted average on Monday August 2 to provide a tonnage-weighted average price f...Read More
Surging Chinese scrap copper imports that have doubled in the first half of 2021 are displacing to some extent refined cathode, concentrate, anode and blister imports, with analysis by Roskill expecting the situation to worsen and potentially cripple the copper price recovery.Copper - China's scrap rebalancing act threatens to de-rail the price recoveryAccording to Roskill data, China is currently...Read More
No one in the mines along the Lihanda corridor - stretching from Kakamega all the way to Vihiga - appears bothered about the other graduates.Read full newsRead More
This Announcement Contains Inside Information Vancouver, British Columbia--(Newsfile Corp. - July 30, 2021) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (Read full newsRead More
UNESCO names Romanian ancient gold mine settlement a world heritage siteRead full newsRead More
It could be difficult for some to pick quality stocks when markets are at record highs. However, that should not be the reason to stay away from equities entirely. Quality stocks create value for shareholders in the long term despite all odds. Here are three TSX stocks that could perform well in the long term.EnbridgeWhen it comes to long-term investing, I prefer stable returns with little volatil...Read More
I was at a friend's birthday party last night, talking to his brother-in-law.We were discussing the housing market and how out-of-joint it is.He's a contractor."The Fed's printing too many ferns," he said casually.I agreed and started to go on about bond purchases and tapering, but it was pointless.This man had already laid it out plain. Nothing more needed to be said.The Fed's printing too many f...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4Please click...Read More
The United States copper premium continued to rise in the week to Wednesday August 4 and the Shanghai copper premium also rose due to a high import appetite despite arbitrage losses, sources told Fastmarkets.US copper premium range widens upwardFastmarkets adjusted its copper grade 1 cathode premium, ddp Midwest US to 8-9 cents per lb, the highest assessment in over a decade. This reflects a...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More
Brazilian exports of alumina totaled 743,794 tonnes in July 2021, a 2.55% year-on-year increase from 725,315 tonnes, with the figure boosted by increased shipments from Norsk Hydro, according to data published by the country's economy ministry on Wednesday August 4.According to the data, 412,144 tonnes of alumina were exported via the port of Bel?(C)m in the northern state of Par??, a 25.45% jump...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday August 4.Key drivers Prices for titanium alloy and scrap were steady across the grades assessed by Fastmarkets oviner the week to Wednesday August 4, with buying interest for alloy reported into the last quarter of the year, and scrap suppliers holding their offer prices steady, sources said. Deals were reported within existing rang...Read More
Australian iron ore miner Fortescue Metals Group is working closely with the Department of Health to assist with contact tracing after a contractor, who had worked at its Cloudbreak mine in Western Australia from July 20-27, returned a "weak positive" test result.CEO Elizabeth Gaines told reporters on the sidelines of the 30th annual Diggers & Dealers mining forum in Kalgoorlie the company had...Read More
Chilean copper production rose year on year by 2.32% in June 2021, spearheaded by an output increase by state-owned miner Codelco, national copper commission Cochilco said on Tuesday August 3.Chile produced 477,300 tonnes of copper during June, up from 466,500 tonnes a year before. But the volume was 2.03% lower than the 487,200 tonnes produced in May this year.June's output brought first-half cop...Read More
Profit after tax amounted to US$661 million, with underlying EBITDA totalling $868 million, up 147% year-on-year but 3% below consensus estimates.Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price movesJanie Davies, Dalila...Read More