We spoke with Joe Kaderavek, who is CEO of Cobalt Blue Holdings Limited (ASX: COB), and with Andrew Hird, who is Sales Director in the Pacific for Honeywell. Cobalt Blue, an Australian exploration and project development Company, advancing its large feasibility-stage, Broken Hill Cobalt Project (BHCP), in New South Wales. When in production, the BHCP will be a top-five ex-African producer of cobal...Read More
A summary of Chinese lithium producer Tianqi Lithium's financial results for the six months ended June 30, 2021, as released by the company on Monday August 30.In briefRevenue for the first half of 2021 totalled 2.35 billion yuan ($363.22 million), up by 25.13% year on...Read More
Many investors feel uncomfortable buying Canadian oil & gas stocks. Bob Arnott explains why that may be a bullish sign. In this week's Insights, we also point to insider signals which are suggesting that the Canadian oil patch may offer both a value and growth opportunity.Solana sizzlesWe also revisit Solana which we mentioned last week before it made its move above $100. In addition, we came acro...Read More
China's nickel sulfate price slid from its all-time high amid active spot trading in the week to Friday August 27, with easing raw material tightness and volatile nickel prices on the London Metal Exchange said to have driven the decrease.Fastmarkets assessed the price for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 36,500-38,000 yuan ($5,639-5,871) per tonne on August 27, d...Read More
The Mexican economy secretariat has extended the period of an existing countervailing duty on imports of longitudinal welded carbon steel pipes from the Unites States, and has started an anti-dumping investigation on flat-steel imports from Vietnam.Mexico has extended the duty on welded steel tubes from US for five years starting on May 28, 2020, according to a decision published in the country's...Read More
Hot-rolled coil (HRC) prices in China's domestic market rose sharply on Monday August 30; news of production curbs raised futures prices to their highest in more than a week.DomesticEastern China (Shanghai): 5,720-5,750 yuan ($884-888) per tonne, up by 70-120 yuan per tonne.The most-traded HRC contract on the Shanghai Futures Exchange hit an intraday high of 5,654 yuan per tonne in early afte...Read More
Here are five Fastmarkets stories you might have missed on Monday August 30 that are worth another look.Spot prices for steel rebar imports into Singapore continued their downward trend in the week to August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.Read More
Spot prices for steel rebar imports into Singapore continued their downward trend in the week to Monday August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.A trader had cut his offers for Indian rebar to $725-730 per tonne cfr Singapore on a theoretical weight basis. Market sources said buyers remained silent due to the presen...Read More
China's domestic rebar prices increased on Monday August 30 supported by stronger demand and futures gains.DomesticEastern China (Shanghai): 5,230-5,260 yuan ($809-813) per tonne, up by 100 yuan per tonneThe weather has been favorable for construction work in Eastern China over the past few days, leading to stronger demand for rebar in the region.Rebar...Read More
Seaborne iron ore prices decreased on Monday August 30 due to China's potentially stricter steel production cuts by the end of November, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $156.66 per tonne, down by $0.89 per tonne62% Fe low-alumina fines, cfr Qingdao: $157.19 per tonne, down $0.65 per tonne58% Fe fines high-grade premium, cfr Qingdao: $125.81 per tonne, down $0.69...Read More
In the latest move by Chinese authorities to diversify the country's iron ore supply sources, the Ministry of Natural Resources has stated its support for the development of domestic iron ore reserves.Responding to a proposal made by a member of the People's Political Consultative Conference during the "Twin Sessions" meeting in Beijing in March, the Ministry of Natural Resources announced on Augu...Read More
Prices for seaborne iron ore concentrate and pellet fell in the week ended Friday August 27 amid thin liquidity driven by weak demand, market sources said.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $34.30 per tonne, down $0.20 per tonne66% Fe concentrate, cfr Qingdao: $165.97 per tonne, down $4.02 per tonne65% Fe blast furnace pellet, cfr Qingdao: $198.14 per tonne, d...Read More
China's domestic rebar prices increased on Monday August 30 supported by stronger demand and futures gains.DomesticEastern China (Shanghai): 5,230-5,260 yuan ($809-813) per tonne, up by 100 yuan per tonneThe weather has been favorable for construction work in Eastern China over the past few days, leading to stronger demand for rebar in the region.Rebar...Read More
Sierra Madre executes on 'Hub & Spoke' strategy with its La Tigra acquisition. On July 20, 2021 Sierra Madre Gold and Silver Ltd. (SM:TSX.V) announced that it has acquired an option to joint venture for the La Tigra Project, located 148 kilometres north of Sierra Madre's flagship Tepic project in the mining-friendly state of Nayarit, Mexico.Fifteen kilometers from a regional airport, Tepic inclu...Read More
Red Metal Resources' geological team is eyeballing a global copper supply crunch. Red Metal Resources Ltd. (RMES:OTCBB) is a copper explorer, working in the Coastal Cordillera of the III Region of Chile.Streetwise Reports recently spoke with Red Metal President and CEO, Caitlin Jeffs, P.Geo. Jeffs is a veteran geologist, originally from Vancouver, who now lives in Thunder Bay."Geology takes you a...Read More
Sector expert Michael Ballanger explains why he expects to "see sharp rebounds in the precious metals" sectors in the next five months. As the remaining days of the summer of 2021 tick away, I have always looked at Labor Day weekend as the unofficial last day of summer because after the holiday Monday, it has been "Back to School" and that was a stark reality for twenty of the first twenty-five...Read More
Noble Capital Markets commented in a research report that junior mining explorer Aurania Resources Ltd. is presently zeroing in on the most immediate high potential targets at The Lost Cities-Cutucu Project. Noble rates Aurania an "Outperform" as the company's exploration program is delivering an abundance of drilling targets for a variety of metals and offers potential for multiple new discoverie...Read More
The Mexican economy secretariat has extended the period of an existing countervailing duty on imports of longitudinal welded carbon steel pipes from the Unites States, and has started an anti-dumping investigation on flat-steel imports from Vietnam.Mexico has extended the duty on welded steel tubes from US for five years starting on May 28, 2020, according to a decision published in the country's...Read More
The Mexican economy secretariat has extended the period of an existing countervailing duty on imports of longitudinal welded carbon steel pipes from the Unites States, and has started an anti-dumping investigation on flat-steel imports from Vietnam.Mexico has extended the duty on welded steel tubes from US for five years starting on May 28, 2020, according to a decision published in the country's...Read More
Here are five Fastmarkets stories you might have missed on Monday August 30 that are worth another look.Spot prices for steel rebar imports into Singapore continued their downward trend in the week to August 30 amid growing pressure on traders to slash offers due to unsold seaborne cargoes fast approaching the island state.Read More