China's Ganfeng Lithium, one of the world's top producers of the battery metal, is going ahead with the takeover of Bacanora Lithium (LSE: BCN) as the Mexico-focused explorer and developer has accepted a sweetened ?284.8 million (about US$391 million) cash offer. Ganfeng increased its original bid, submitted in early May, to 73.6 pence a Bacanora share in cash and Germany-focused Zinnw...Read More

The price of alloy steel scrap in the UK domestic market increased in the week to Friday August 27 because of higher nickel costs and an ongoing tightness of supply, sources told Fastmarkets.Fastmarkets' weekly assessment for stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?1,300-1,400 ($1,785-1,922] per tonne on Friday, up by ?50-100 per tonne week on week.The price...Read More

The domestic scrap markets in both Japan and South Korea weakened further on Friday August 27, placing further pressure on the seaborne markets, sources told Fastmarkets.South Korea reduces buying interest amid weaker local marketTokyo Steel drops bid prices for most scrap gradesImport interest limited in China despite stronger domestic sentiment.South KoreaA major South Korean steelmaker released...Read More

Spot prices for imported containerized ferrous scrap in Taiwan remained rangebound in the week to Friday August 27 amid buyers' bearish views.Fastmarkets' daily price assessment for containerized steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan was $440-445 per tonne on Friday, unchanged from a day earlier but widening downward by $5 from $445 per tonne a week earlier....Read More

Ferrous scrap trading in Vietnam remained thin during the week to Friday August 27 amid poor demand and administrative and logistical difficulties caused by the worsening Covid-19 pandemic in the country, sources told Fastmarkets.Key commercial and industrial hubs in southern Vietnam, including Ho Chi Minh City and Binh Duong, have continued to see surging Covid-19 cases.Vietnam recorded 11,575 ne...Read More

Strict real estate regulations issued by China's central and local governments have slowed down growth in the country's housing market in the first seven months of 2021.Participants expect these policies to continue to have a strong effect on the market for the remainder the year, which would slow down growth for rebar demand.Three red linesThe People's Bank of China and the Ministry of Housing &...Read More

China's National Food & Strategic Reserves Administration will sell 30,000 tonnes of copper, 70,000 tonnes of aluminium and 50,000 tonnes of zinc in a third batch of sales to fabricators next week.These materials will be sold via a public auction on September 1, according to...Read More

Investors are starting to look at the ESG credentials for the stainless steel feedstocks ferronickel and nickel pig iron with greater weight.Read full newsRead More

Lebanon's energy ministry said it had picked Dubai's ENOC in a tender to swap 84,000 tonnes of Iraqi high sulphur fuel oil with 30,000 tonnes of Grade B fuel oil and 33,000 tonnes of gasoil.Read full newsRead More

At the end of the latest market close, Harmony Gold Mining Company Limited (HMY) was valued at $3.58. In that particular session, Stock kicked-off at the price of $3.71 while reaching the peak value of $3.815 and lowest value recorded on the day was $3.655. The stock current value is $3.76.RecentlyRead full newsRead More

As a value investor, you should understand that a bargain price doesn’t equal a great valuation. Even if a stock is fundamentally undervalued, it is not worth buying if its growth or dividend potential matches its low valuation. Good undervalued stocks are the ones that offer growth or dividend potential equivalent to more expensive companies at a lower price.That said, the search for u...Read More

BMO Capital Markets commented in a research report that MAG Silver Corp. remains on-track with the buildout of its advanced material processing plant at its Juanicipio JV project in Zacatecas state, Mexico expected in Q4/21. BMO Nesbitt Burns Inc. (BMO Capital Markets) Analyst Ryan Thompson, CFA commented in a July 28 research note that MAG Silver Corp. (MAG:TSX; MAG:NYSE American) is on-track t...Read More

Strict real estate regulations issued by China's central and local governments have slowed down growth in the country's housing market in the first seven months of 2021.Participants expect these policies to continue to have a strong effect on the market for the remainder the year, which would slow down growth for rebar demand.Three red linesThe People's Bank of China and the Ministry of Housing &...Read More

Is this suppression going to get worse or is this the beginning of the end? Chris Marcus on GoldCore TVSilver Price Manipulation- Chris Marcus - The Big Silver ShortIs the #silvermarket still being manipulated? We ask this of our this week's guest #ChrisMarcus of Arcadia Economics and author of The Big Silver Short.Have the wall street banks really left the silver market in place for #shortsqueeze...Read More

Vinci Capital Group - Striking Gold The Vinci Capital Group is a BVI based company with subsidiaries in Asia focused on gold and copper. The Vinci Capital Group co-owns mining exploration licenses with a combined surface area of 3 times the surface area of the country of Liechtenstein. The company has recently struck gold, with [...]Read full newsRead More

In the last trading session, 3.78 million Harmony Gold Mining Company Limited (NYSE:HMY) shares changed hands as the company's beta touched 1.00. With the company's per share price at $3.74 changed hands at -$0.02 or -0.53% during last session, the market valuation stood at $2.33B. HMY's lastRead full newsRead More

When it comes to finding cheap Canadian stocks today, they are few and far between. Sure, some are scattered from industry to industry, but many of these come with a lot of risks.So if you’re an investor that likes to look for value, it can be difficult to invest in this environment. Many of the top stocks are trading at all-time highs, while the cheapest stocks are cheap for a reason.But th...Read More

Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More

Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More

Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More