Western Australia-based Star Minerals says it is close to launching an initial public offering with the goal of funding the development of the advanced Tumblegum South gold project.According to the company, US$800,000 has already been pledged and the expectation is that capital raising will continue to grow given the most recent performance in the gold market.Tumblegum South is located about 40 km...Read More
St. Anthony Gold (CSE: STAG; US-OTC: MTEHF) has new assays from its St. Anthony gold project in the Kenora-Patricia mining district of Ontario.Drillhole SA21-18 returned the best results. It cut 3.7 metres grading 42.68 grams gold per tonne from 327.3 metres downhole, including 314 grams gold per tonne over 0.5 metre from 327.3 metres. It also cut 1 metre grading 109.6 grams gold per tonne start...Read More
Prices for containerized steel scrap imported into Taiwan remained flat on Wednesday August 25, but sources said the outlook in the market was shaky for the coming month.Taiwan buys containerized scrap at $440 per tonne in recent dealsWide bid-offer gap cfr China scrap persistsDeal at lower price heard for shredded scrap to IndiaTaiwanThere were transactions concluded at $440 per tonne cfr Taiwan...Read More
Slower spot activity prevented any changes to the US Midwest aluminium premium although deals were still concluded at high end of Fastmarkets' assessment range on Tuesday August 24.While a lack of market liquidity combined with slow demand kept European and Asian premiums static, Brazilian premiums rose slightly thanks to higher offers.US Midwest market flat after reaching record highPremiums in E...Read More
Participants in the seaborne alumina market have an increasingly bullish outlook for prices amid operational disruptions at the Jamalco refinery in Jamaica following a fire on Sunday August 22.The fire started at refinery's separate powerhouse, which produces the energy needed for the refining of alumina at the plant.Though a full assessment of the damage has yet to emerge, market participants are...Read More
Gold stocks have underperformed so far this year but the group's fundamentals remain attractive as inflationary pressures continue to build and monetary policy remains dovish. Additionally, the increase in coronavirus case counts increases the chances of more stimulus. Finally, gold tends to outperform during periods of economic and political turmoil as we seem to be going through now. Below, w...Read More
The TSX offers a decent selection of strong, generous, and stable dividend stocks, offering a broad spectrum of yields at any given time. A strong yield, while not the only “factor” you should consider in a dividend stock, is usually the deal maker or breaker. The sustainability of yield and growth potential (yield and capital) are also essential factors to consider when picking from s...Read More
Dear Outsider,Have you ever talked with someone really important, and they made you feel really small? Well, I recently had the most ridiculously exaggerated version of that encounter that you could imagine. Not only was the man I met with a millionaire businessman, a global icon, and a fixture on television... He was also seven-foot-one.That's right, I just spent an afternoon with Shaquille O'N...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 26 that are worth another look.Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.The striking workers union at...Read More
Brazil's Companhia Brasileira de Alum?-nio (CBA) expects to finish a feasibility study for its Rondon bauxite mine by year-end 2022, but will need a strategic partner for the operation's start-up, the aluminium company said on Thursday August 26."We expect this process to develop for around 18 more months, or until the end of next year," chief financial officer Luciano Alves said in a press confer...Read More
Bob Moriarty ArchivesAug 26, 2021"People in a cult don’t know they’re in a cult. But everyone else can tell." Oliver Markus Malloy Results of the study: COVID-19 vaccines designed to elicit neutralising antibodies may sensitise vaccine recipients to more severe disease than if they were not vaccinated.We are in the midst of the largest assault on liberty in the history of the...Read More
Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said.Glencore, which declined to comment...Read More
Commodities merchant IXM, wholly owned by China Molybdenum Co Ltd (CMOC), is close to announcing its acquisition of warehousing and logistics firm Access World from Glencore, people familiar with the matter told Fastmarkets.The situation is still fluid - there are other bidders for the business - but a deal is expected to be announced imminently, the people said. Glencore, which declined to commen...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price movesDalila Ouerghi and...Read More
A summary of Chinese battery materials producer GEM's financial and production results for the six months ended June 30, 2021, as released by the company on Thursday August 26.In brief GEM's annual capacity of ternary precursor materials totaled 130,000 tonnes at the end of June, unchanged from the end of last year. The company has shifted production focus to nickel-rich ternary precursor material...Read More
The Turkish steel mills have gone quiet in the deep-sea scrap markets once again after booking a single cargo earlier in the week, market sources said on Thursday August 26.A steel mill in the Iskenderun region booked a Belgium-origin cargo on Wednesday, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of bonus at an average price of $450 per tonne cfr. The HMS 1&2 (80:20) price of th...Read More
Japanese lower-grade scrap prices are facing renewed pressure, and Shindachi busheling prices have continued to be propped up in recent weeks by reduced generation at automaker Toyota, sources told Fastmarkets.Key Japanese mills reduce some scrap bid pricesGaps between bids and offers narrow downward with lower cost scrap emerging in the Chinese marketTaiwan imported containerized scrap prices edg...Read More
Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.This includes projects and targets for green steel, carbon capture, carbon neutral, net zero, low-carbon emissions and fossil-free steel. Hotspots appear in Germany, France and Sweden, where steelmaking is already well established. Policy, funding and sharing of infras...Read More
Base metals prices on the London Metal Exchange were weaker on the morning of Thursday August 26, although for the most part they seem to be consolidating after recent volatility. Asian-Pacific equity indices mainly weaker this morning while broader markets focus on Friday's United States Federal Reserve Jackson Hole symposium More companies report that supply shortages are affecting their ability...Read More
A summary of Australian spodumene concentrate miner Pilbara Minerals' annual results for the year ending June 30 2021.In brief The company posted positive earnings before interest, taxes, depreciation and amortization (Ebitda) of $21.4 million in financial year (FY) 2021, compared with a $33.9 million loss in Ebitda in 2020....Read More