The recent imposition of a stricter Covid-19-related lockdown across Bangladesh has left the densely populated country's steel sector facing several difficult short-term challenges, Fastmarkets heard on Tuesday July 6.Surging numbers of Covid-19 cases and deaths in Bangladesh from the middle of June onward led authorities to put in place a strict one-week lockdown starting on July 1. The governmen...Read More
U.S. equity index futures were slightly lower this morning. S&P 500 futures were down 2 points in pre-opening trade.Gold gained $27.50 to $1,810.70 per ounce in response to U.S. Dollar weakness.Apple gained $0.29 to $140.25 after JP Morgan raised its target price from $165 to $170.Nvidia advanced $11.19 to $830.67 after KeyBanc Capital raised its target price from $775 to $950 American Express...Read More
Iron ore prices largely edged up on Tuesday July 6 following the steel price increase, while market chatter on the crude steel production cut and authorities' focus on curbing the commodity price surge weighed on the market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $222.36 per tonne, up $0.54 per tonne62% Fe low-alumina fines, cfr Qingdao: $226.02 per tonne,...Read More
Buyers' activity in the steel scrap import market remained low on Tuesday July 6 despite rising contracts for rebar and hot-rolled coil on the Shanghai Futures Exchange."Market chatter on mills cutting production has turned the finished steel markets bullish, so raw materials [markets] followed. This is why rebar and HRC rose higher than iron ore in the futures market today," a Zhejiang-based trad...Read More
Hot-rolled coil prices increased in China's domestic market on Tuesday July 6, following gains in futures prices, while market participants continued to digest talks of production cuts.DomesticEastern China (Shanghai): 5,580-5,620 yuan ($864-870) per tonne, up by 80 yuan from 5,500-5,540 yuan per tonne. The expectation of production cuts at Chinese steel mills in the second half of the year has be...Read More
China's domestic rebar prices continued their upward trend on Tuesday July 6 on restocking demand, but end user demand soured, sources told Fastmarkets.DomesticEastern China (Shanghai): 4,950-4,980 yuan ($767-771) per tonne, up by 80 yuan per tonneTrading houses raised their procurement rates on Monday to build up inventories in anticipation of lower production in the second half of 2021.The...Read More
- Company recently completed successful core drill testing on Maggie Creek project- Remains on track to complete CK Gold Project Pre-Feasibility Study- Recent inclusion in 2021 Russell Microcap (R) Index creates additional visibility to investment communityELKO, Nev., July 6, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today ann...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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.Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb 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 Cobalt...Read More
Clean Air Metals (TSXV: AIR) has released new assay results from its flagship Thunder Bay North (TBN) asset, a platinum, palladium, copper and nickel project in northwestern Ontario, about 50 km northeast of the city of Thunder Bay.The 100%-owned project consists of the Escape Lake and Current Lake deposits, which are 2.5 km apart, and the drill results are from a 30,000-metre diamond drilling cam...Read More
With demand for electric vehicles, batteries, and greener energy storage options expected to rise in the years ahead, many juniors are on the hunt for so-called 'technology metals,' a broad category that includes cobalt, copper, nickel, platinum group elements, graphite, lithium, rare earth elements, and silver, among others. Here are eight companies working on properties in the tech and battery m...Read More
Giga Metals (TSXV: GIGA) has begun a 2021 work program at the Turnagain nickel-cobalt project, located in north-central British Columbia. Archaeological and wildlife surveys are underway and resource drilling has commenced.Kiera Broda, project geologist for Giga Metals, at the Turnagain Camp. Credit: Giga MetalsThe program is designed to collect all necessary exploration, geotechnical and other da...Read More
Easing Covid-19 risks and improved uranium fundamentals have prompted Western Uranium & Vanadium (CSE: WUC; US-OTC: WSTRF) to pull the trigger on a restart of uranium exploration development and mining at the Sunday mine complex in western San Miguel County, Colorado.The Sunday mine complex comprises the Sunday, West Sunday, St. Jude, and Carnation mines, all of which are interconnected.The operat...Read More
This week's episode features Evolution Mining executive chairman Jake Klein in discussion with Northern Miner editor-in-chief Trish Saywell at the Global Mining Symposium. Jake explains the benefits of remaining a mid-tier sized company, and how China owns as much as 20% of Africa's debt, particularly of resource-rich nations. He also discusses the challenges of mining, which he describes as "swee...Read More
AngloGold Ashanti (NYSE: AU) has appointed former BHP executive Alberto Calder??n as its new CEO, ending almost a year without a top boss, after Kelvin Dushnisky's sudden departure last July.Calder??n, a 61-year-old Colombian with more than two decades of executive experience in the mining sector, will be starting his new role on Sept. 1, the company said.A junior minister in a government that f...Read More
Colossal pandemic spending by governments worldwide over the past 18 months has meant inflation is back in the news, as is gold contained in pyrite following publication of academic research in Australia.Most prices rise over time. Inflation has been especially destructive in the U.K. over the past 750 years, with the Bank of England calculating that ?1 in 1270 had a purchasing-power equivalent o...Read More
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Stocks Analysis by Plunger (Burt Coons) covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Plunger (Burt Coons)'s latest article on Investing.comRead full newsRead More