Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comFeb 16, 2021 Are politicians better referred to as “fiaticians”? I think so, and the institutional money surge into the private monies of platinum, silver, and bitcoin is making the fiaticians look like stone age cavemen. Please click here now.Ruchir Sharma, chief global strat...Read More
A slight rebound in the US Dollar Index failed to stop rises in the prices for nickel (up by 1% at 5pm), aluminium and copper, but it triggered a slight decrease for the other half of the London Metal Exchange base-metals complex.Nickel's three-month price reached a new year-to-date high of $18,840 per tonne during afternoon trading on the LME on Tuesday February 16, and it was $18,814 per tonne a...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
It was below $1,787/oz at the time of writing, although well above the circa $1,600/oz of 12 months ago.Meanwhile the Bank of England is said to have increased its gold holdings to more than 180.7 million troy ounces, the highest since December 2013.Copper remains around a nine-year high, closing up slightly to $8,424/t on the London Metal Exchange.Nevada Copper (TSX: NCU), which recently raised a...Read More
Although the EBITDA figure was flat year-on-year, earnings in Glencore's metals division rose 31% to $7.3 billion versus 2019 in contrast to its energy division which saw a 73% slump to $1 billion.Read More
Vancouver, BC - IsoEnergy Ltd. (TSX-V: ISO | OTCQX: ISENF)is pleased to announce the implementation of its senior leadership transition plan with the appointment of Tim Gabruch as Chief Executive Officer and Director of IsoEnergy. Mr. Gabruch will be taking over the role from Mr. Craig Parry who will step down as President and Chief Executive Officer and continue to serve the Company as a mem...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 16.Please click...Read More
An overview of the chrome ore and alloy markets on Tuesday February 16 and their latest price moves.EuropeReduced availability of supplies continued to support ferro-chrome prices, with strong demand from Asia having diverted material away from Europe. Consumers needing material have had to accept higher offer...Read More
The latest data for the global manganese ore market for the week ended February 15, 2021.Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
Ford Motor Co is the first United States-based automaker to join the Initiative for Responsible Mining Assurance (IRMA), with plans to increasingly rely on mined minerals while it expands its investment in the electrification of its fleet, the company said on Monday February 15.The IRMA provides objective, third-party verification of industrial-scale mines, covering the full range of issues relate...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
Turkish steel producers have extended their absence from the deep-sea scrap markets because they were focusing on finished steel sales, market sources said on Tuesday February 16.The daily scrap indices had risen by more than $22 per tonne week on week after two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.Since the upturn in scrap prices, most Turkish st...Read More
With China still on holiday, base metals prices on the London Metal Exchange have been consolidating this morning, Tuesday February 16, even though broader markets remain upbeat. Optimism remains high while the market focuses on vaccine-enabled and stimulus-driven recoveriesWhile complacency is a risk, the pent-up enthusiasm from a year of Covid-19 may last a long timeBHP raises its outlook, citin...Read More
Share this article Manganese X Energy Corp. [MN-TSXV; SNCGF-OTC; 9SC2-FSE; SSM-Lima] reported assay results from the fall 2020 diamond drilling program at the 100%-owned Battery Hill project near Woodstock, New Brunswick.The program of 28 holes totaling 4,509 metres was designed to increase the mineral resource in the Moody Hill area and to provide sufficient data to establish a NI 43-101 complia...Read More
Before World War I, generals thought the fighting spirit and a cavalry charge were the weapons needed to dominate the battlefield. They were wrong - it was the Maxim machine gun.Before World War II, admirals thought the big guns and thick armor of battleships would control the high seas. They were wrong too. It turns out it was the aircraft carrier.They say the generals always fight the last war b...Read More
Hot-rolled coil prices in the United States achieved a new record high, after mills were able to collect top dollar for what little spot material they have available before May. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $60.08 per hundredweight ($1,201.60 per short ton) on Tuesday February 16, an increase of 2.40% from $58.67 per cwt on Friday February 12, and u...Read More
Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday February 16, driven by a material shortage, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?727.50 ($882.53) per tonne on Tuesday, up by ?,?9.37 per tonne from ?,?718.13 per tonne on February 15.The index was also up by ?,?17.50 per tonn...Read More
Buyers of flat steel in Saudi Arabia and the United Arab Emirates were making no deals while they waited for new prices from China, which will be back from a national holiday soon, sources told Fastmarkets on Tuesday February 16.China's Lunar New Year holiday runs February 11-17.Offers were heard from India, but buyers believed that the prices were too high.End-user demand in both countries was al...Read More
India's ministry of road transport & highways has made changes to its specifications for steel reinforcing bar to be used in road and bridge building, allowing participants in the secondary market to provide material, according to a recent government document.The previous requirement was for all steel to be procured from producers which manufacture steel billet directly from iron ore, and which ro...Read More