The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM) announced strong results for the second quarter of the year, saying it remains on track to achieve 2021 guidance of 720,000 to 780,000 gold equivalent ounces.The precious metals streaming company said that record sales volumes in the first half of 2021 generated revenue of US$655 million, including US$330 million in the second quarter, an inc...Read More
Demand for imported steel scrap has increased in Bangladesh over the week to Friday August 13 following a removal of Covid-19 lockdown restrictions across the country, market sources told Fastmarkets.While the strict lockdown was officially ended on August 10, sources said that some Bangladeshi induction furnace (IF) mills had restarted steel production on August 8. The country's electric-arc furn...Read More
Pretium Resources (TSX: PVG; NYSE: PVG) said it is on track to achieve its yearly guidance, despite the near five-week Covid-19 outbreak that occurred at its Brucejack mine in British Columbia in February.The company produced 83,083 ounces of gold in the second quarter of 2021, compared with 90,419 ounces in the second quarter of 2020.Pretium remains on track to produce 325,000 ounces to 365,000...Read More
Lower-priced Russian-origin steel scrap offers to China were heard on Friday August 13, but prices were still not low enough to entice Chinese buyers to enter the market.Russian-origin scrap at lower prices still unattractive to Chinese buyersChinese domestic scrap prices continue descentSouth Korea import scrap market quiet during Japan holidayChina importOffers for 2,000 tonnes of Russian-origin...Read More
Re|Source, a solution to trace responsibly produced cobalt from mine to electric vehicle (EV), is moving forward with a pilot project in the Democratic Republic of the Congo (DRC) jointly developed with EV giant Tesla (NASDAQ: TSLA). The program is being tested in real operating conditions at multiple on-site pilots, including the DRC and Europe, Re|Source said, with further pilots in Asia...Read More
Spot prices in the Vietnamese scrap import market continued to fall in the week to Friday August 13 due to poor downstream supply caused by rising Covid-19 cases, sources told Fastmarkets.Steel mills were seeking deep-sea bulk cargoes due to a shortage of domestic scrap caused by Covid-19 lockdowns, although this failed to bolster spot prices. Japanese sellers were also reluctant to offer cargoes...Read More
BISHKEK (Reuters) -Kyrgyzstan has established enough evidence to press on with removing Canada's Centerra Gold from the Kumtor gold mine, the state security service and prosecutors said on Wednesday.The security service is investigating possible corruption in the deal that gave Centerra control over the country's biggest gold mine and subsequent amendments to the pact.A spokesperson for...Read More
All amounts are in USD unless stated otherwise GMIN to acquire the construction ready Tocantinzinho Gold Project in northern BrazilEldorado to become a 19.9% cornerstone shareholder of GMINTocantinzinho is a permitted, high-grade gold project with a 10-year reserve life and an estimated annual production of 187,000 ounces for the first 8 yearsLeadership team to leverage four successful mine builds...Read More
VANCOUVER, British Columbia, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ("Eldorado" or "the Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") with G Mining Ventures Corp. ("GMIN") to divest its Tocantinzinho Project ("TZ") located in Brazil (the "Transaction"). Under the terms of the Agreement, Eldorado will receive: Minimum upfront...Read More
Laurion Mineral Exploration Inc. is pleased to announce that LAURRead full newsRead More
Canadian investors are searching for top stocks to put in their self-directed RRSP portfolios. Let’s take a look at Nutrien (TSX:NTR)(NYSE:NTR) to see why it might be a good pick right now for a retirement fund.Fertilizer industryNutrien is the world’s largest producer of potash. The company also supplies global farmers with nitrogen and phosphate through its wholesale operations. On t...Read More
First Quantum (TSX:FM) is well positioned to grow in a rapidly improving global economy. All the company’s operations have been performing well above expectations. A recent highlight is the contribution from First Quantum’s Guelb Moghrein mine. Despite the fact that this mine was particularly hard hit by travel restrictions, it appears that the mine’s local workforce and staff sh...Read More
The No1 workers' union at the Escondida copper mine confirmed the signing of a labor deal with operating company BHP - averting a strike - and called it the best labor negotiations ever for the Chilean mining industry, according to an announcement on Friday August 13.Approval of the deal was almost unanimous after BHP improved its offer during government-led mediation."This negotiation will, no do...Read More
The No1 workers' union at the Escondida copper mine confirmed the signing of a labor deal with operating company BHP - averting a strike - and called it the best labor negotiations ever for the Chilean mining industry, according to an announcement on Friday August 13.Approval of the deal was almost unanimous after BHP improved its offer during government-led mediation."This negotiation will, no do...Read More
Spot prices for imported hot-rolled coil in Vietnam were stable in the week to Friday August 13 amid poor spot liquidity while major Vietnamese domestic producer Formosa Ha Tinh Steel Corporation (FHS) reduced its prices, sources said.South Korean traders continued to offer low prices for Russian HRC from Magnitogorsk Iron and Steel Works (MMK), including the remaining quantities of 15,000-20,000...Read More
Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.Turkish scrap prices fell amid weak downstream demandUnited States scrap exports were poor due to high freight costsWeak demand for imports in Vietnam due to Covid-19China abstains from purchasing due to large bid-offer sp...Read More
In this week's Live from the Vault, Andrew Maguire exposes the insider manipulation behind Monday's counterintuitive gold and silver crash, which saw the gold price driven $90 lower. The precious metals expert explores the connection between Basel III and the orchestrated price move, and declares the stage now set for gold and silver to rally.00:00 Start01:00 Monday's orchestrated gold and silver...Read More
Eastern China rebar prices held steady on Friday August 13 on tighter supply due to lower spot market inventories, but prices were down by 10 yuan per tonne week on week due to Thursday's fall.DomesticEastern China (Shanghai): 5,200-5,230 yuan ($803-808) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,170-5,210 yuan per tonne, up by 60-70 yuan per tonneFalling spot market invento...Read More
*The interview begins at 1:30Lior begins the conversation talking about the infrastructure bill, how it is the beginning of the new green deal. The [CB] is now trying to move the world into the Great Reset. During this move the people are going to experience inflation and at one point it will get out of hand. The people are now taking precautions and they are now holding other currencies to protec...Read More