Key data from Fastmarkets' pricing session on Friday September 3.Key drivers September has been a busier month with plenty of activity so far with a pick-up in spot demand following the summer lull. The bottom end of the alloy grade market regained...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 standard grade, in-whs Rotterdam, $/lb at...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide.....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.Fastmarkets assessed Cobalt alloy...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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.Read More

Rebounding exploration activity has propelled Major Drilling's (TSX: MDI) revenues and earnings to a nine-year high. In the company's first quarter of fiscal 2022, ended July 31, the Moncton-based drilling company reported revenues of $151 million - up 69% from the same period last year - and net earnings of $11.1 million, or $0.14 per share. In Canada and the U.S., the compan...Read More

Following the rampant surge in copper prices earlier this year, competition amongst miners to supply the metal vital to the green energy transition is fierce.Global copper supply is dominated by mining giants, with the top ten companies making up for more than half of the world's output.In an unprecedented year marked by disruptions due to the global pandemic, copper mine production was contingent...Read More

Joint-venture partners Barrick Gold (TSX: ABX; NYSE: GOLD) and NovaGold Resources (TSX: NG) have published the first results of their 24,000-meter drill program for their Donlin gold project in southwestern Alaska, which will likely provide the final data needed for an optimized mine plan at the 39 million ounce gold asset.The primary objective of the 2021 drill program is to complete necessary wo...Read More

Western Australia-focused Orminex (ASX: ONX) is acquiring Nippon Dragon Resources' (TSXV: NIP) interest in two gold projects in Canada's Abitibi region.The projects - Rocmec, 35 km west of Rouyn-Noranda, and Denain, 60 km east of Val d'Or - are situated about 230 km apart along Highway 117."The increased level of activity we see from both small and large cap companies in the Abitibi region of Onta...Read More

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) has upped its interest in Candelaria Mining (TSXV: DCAND; US-OTC: CDELF), with an additional $6 million investment bringing its ownership in the Mexico-focused junior up to 19.6% from 7.8% on a partially diluted basis.Agnico Eagle's total holding in Candelaria is now 23.45 million common shares and 6.67 million warrants.Candelaria owns 100% of two advanced...Read More

As the world watched the Taliban assume control of Afghanistan this summer and the U.S. withdraw its last troops from the war-torn country, another conflict, thousands of kilometers away in the sub-Saharan Sahel region of West Africa, continued to claim victims in the tri-border region of Burkina Faso, Mali and Niger.Last month there were attacks on civilians in Burkina Faso, Mali and Niger by mil...Read More

Major mills in China paid higher prices for domestic scrap amid bullish sentiment in the finished steel markets on Friday September 3, providing support for imported scrap spot prices, sources told Fastmarkets. Chinese domestic buy prices rebound, keep import prices supportedMajor Vietnam holiday dampens spots liquiditySouth Korea books New Zealand scrapChinaThe purchase prices for domestic steel...Read More

Taiwanese steel mills have shifted their buying focus toward bulk Japanese H1&H2 (50:50) scrap in light of the shortage of containerized heavy-melting scrap (HMS) 1&2 (80:20) from the United States West Coast.Bids increased to $465-468 per tonne cfr Taiwan on Friday September 3, up from $460-465 per tonne cfr Taiwan mid-week.There was a transaction concluded at $465 per tonne cfr Taiwan earlier in...Read More

The global aluminium industry needs to work collaboratively and faster to deal with carbon emissions, and social and governance challenges, executives said during a sustainability panel discussion at Fastmarkets' International Aluminium Conference on Friday September 3.Such industry-wide movement will also need large investments to materialize, which could come from the private sector, the governm...Read More

Anglo-Australian miner Rio Tinto will offer its benchmark iron ore fines, Pilbara Blend Fines (PBF), against an average of three indices from Thursday September 2, the Beijing Iron Ore Trading Centre (Corex) said this week.Fastmarkets' index for iron ore 62% fines will form one third of the basket index, which also includes the average of indices produced by two other price reporting agencies.The...Read More

The country sits atop what could be one of the world's largest reserves of various metals and minerals, including not just gold but also platinum, silver, copper, iron, aluminum and uranium.Read full newsRead More

E-commerce platform Shopify is the largest publicly listed company in Canada with its $190.1 billion. The tech phenomenon is nice to own, except that the current share price of $1,926.59 is too steep. Besides, the gain in the preceding 12 months in only 41.41%.If you were to scout the TSX for stocks with explosive returns in 2021, Nuvista Energy (TSX:NVA) and Capstone Mining (TSX:CS) sta...Read More

We spoke with Nolan Peterson, CEO of World Copper Ltd. (TSX.V: WCU, OTCQB: WCUFF), a Canadian resource company, focused on the exploration and development of its two primary copper porphyry projects in Chile, and one copper-oxide porphyry project in Arizona. The Escalones porphyry-skarn project, southeast of Santiago, Chile, has indicated and inferred resources and tremendous upside exploration po...Read More

"Supply and demand" does not always determine the price trend of crude oil As you probably know, Hurricane Ida hit Louisiana on August 29, the exact date that Hurricane Katrina made a Louisiana landfall sixteen years earlier.On August 30, the Wall Street Journal said:Oil Industry Surveys Damage After Hurricane Ida Slams LouisianaThe storm disrupted fuel supplies, and the speed of the recovery will...Read More

Clients often ask when they should sell precious metals. We usually suggest one basic rule around the timing. After that, the decision to sell will depend upon whether your reasons for holding gold and silver have changed.The basic rule is to avoid selling based on impulse. Humans are emotional creatures and studies show most of us make poor choices when it comes to timing. If you are making a sna...Read More