The market for imported steel scrap into China remained quiet on Thursday July 29 despite contracts for rebar and hot-rolled coil on the Shanghai Futures Exchange rising sharply, sources told Fastmarkets.The most-traded rebar and hot-rolled coil futures contract on the SHFE ended daytime trading 1.95% and 3.34% higher day on day, respectively, on July 29."The gains in steel futures will have some...Read More

China will raise its export tariffs on ferro-chrome and high-purity pig iron from August 1, its Ministry of Finance said on Thursday July 29.The export tariff for pig iron - classified under Harmonized System code 72011000 - will be increased to 20% from the current 15%, while that for ferro-chrome will rise to 40% from 20%, the ministry said.The increases are meant to promote the "transformation...Read More

China will cancel more rebates of value-added tax for some steel exports from August 1, its Ministry of Finance said on Thursday July 29.Among them are rebates for flat steel products classified under Harmonized System codes 7209, 7210, 7225, 7226, 7302 and 7304, including cold-rolled coil and hot-dipped galvanized coil.The removal of the rebates is meant to "promote the transformation, upgrading...Read More

Two of the biggest topics facing miners are electrification and automationSPONSOREDauto-mateNZ heeds the call of Siren GoldSPONSOREDsiren goldZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsHigh-grade Costerfield gold mine drives turnaroundSPONSOREDmandalay resourcesWiluna Mining, formerly Blackham Resources, was one of six companies pitching to an Association of Mining a...Read More

China's domestic nickel sulphate prices rose to a new high on 27 July, with import prices also surging amid burgeoning demand from the new energy vehicle (NEV) and battery sectors and tight local supply.Read full newsRead More

Ken Hoffman, the head of EV Research at McKinsey Co, says we are two years out from a Class 1 nickel shortage.Read full newsRead More

Empress Royalty Corp. is pleased to announce the execution of a URead full newsRead More

Barrick Gold (TSX:ABX)(NYSE:GOLD) still appears to be only at the beginning of an exciting and rewarding journey. The company appears well-equipped in every way to build on what it has and to find and exploit new opportunities, including any openings offered by the ongoing dynamics of the gold industry.Barrick is focused on better water usage at the company’s gold production facilities, and...Read More

While most stocks have recovered from the pandemic now and are setting all-time highs, gold stocks have been on sale for some time, trading extremely cheap.One of the reasons gold fell out of favour earlier this year was that investors no longer needed as much of a safe haven investment. The opportunity cost of leaving capital invested in gold stocks meant missing out on other high-quality bu...Read More

Global phenomenon Tesla (NASDAQ:TSLA) hit headlines once again, as the company reported record revenue for the quarter. Even as Tesla stock was expected to see growth, this was unexpected by analysts. The company delivered more than 200,000 vehicles for the quarter — a record for the company. On top of that, it reached US$11.958 billion in total revenue — up 98% year over year! Ad...Read More

Are you having a hard time looking for worthy buys in this frothy market? Here are three undervalued TSX stocks to buy for long-term investors.Intact Financial CorporationIntact Financial (TSX:IFC) is another under-the-radar name that deserves more attention. It’s a $26 billion property and casualty insurance leader in Canada with a market share of 17%. The company aims to grow its earnings...Read More

I just took some of your fellow Outsiders on a "team building exercise."No, we didn't partake in one of those insufferable corporate retreats where you wander into the woods, take turns falling off a log, and hope to God your coworkers don't hate you enough to let you fall and break your neck. We didn't do some lame scavenger hunt to "test our synergy" or "brainstorm" or any other mindless busines...Read More

Aluminium 6063 billet premiums climbed in Europe and Brazil on Friday July 30, while premiums in the United States and Asia were steady. Supply contract negotiations for 2022 have started, but high freight rates and a Russian export tax are likely to complicate talks.EuropeFastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,170-1,220 per tonne on...Read More

Spurred on by supply tightness and steady demand, the aluminium three-month price on the London Metal Exchange rose to a new 2021 high of $2,642 per tonne on July 30, while tin and nickel's three-month price, also supported by strained fundamentals, rose over 10% in July.Aluminium's price was up 5.3% on Friday from a closing price of $2,507.50 per tonne on July 1 and at its highest since April 201...Read More

Sudbury, a Vale SA mine in Canada where workers have been striking since June 1, has had "a very large impact" on the Brazilian miner's operations, the company's chief executive officer told analysts on July 29."Even if we quickly resolve the strike, we will still have many weeks until we normalize," CEO Eduardo De Salles Bartolomeo said, without directly answering a question on how long the strik...Read More

Bob Moriarty ArchivesJul 30, 2021I wrote about Eloro about three weeks ago and pretty much covered the story. The Iska Iska project in Southern Bolivia will be a mine. It is far too big and far too rich not to be a mine under any commodity prices.The company released drill results on July 28th that probably would not qualify as just world class but it would be more accurate to call it universe cla...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang and...Read More

Gold futures traded at US$1835.80 an ounce, the highest level since mid-June, and rose as high as $1837.50/oz."Gold is trading firmer following the FOMC meeting; however, the move still seems underwhelming given the latest move in real rates and the US dollar," UBS said."Market participants have been wondering about gold's relationship with real rates, which seems to have broken down since the Jun...Read More

Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology. The proposed wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices but are instead intended to describe the process more clearly to increase market participants' understanding of how editorial judgment is applied. The changes are not...Read More

Despite the forced curtailment of staff movements and ongoing shortages of road train drivers, ore shipments rose 27% from the March quarter to a record 5.2 million tonnes (wet), bringing the full year total to a record-smashing 17.3Mt. The company had targeted revised full-year guidance of 17.4-18Mt, but congestion at the Kwinana Port meant three shipments were delayed.  Production...Read More