China's domestic rebar prices increased sharply on Monday March 8 following futures gains and amid expectations that rebar demand from the housing sector will benefit from an expansion of the country's high-speed railway.DomesticEastern China (Shanghai): 4,740-4,760 yuan ($728-731) per tonne, up by 90-100 yuan per tonne China aims to extend the total length of its high-speed railway to around 50,0...Read More
Technical analyst Clive Maund charts silver and looks at what he believes lies ahead. Silver investors have been getting increasingly frustrated in recent months as silver has basically done little, while Bitcoin, blockchain and selected biotech and tech stocks have soared. We ourselves haven't paid silver much attention because it has been so dull, and we learned some months back that we could m...Read More
Sector expert Michael Ballanger explores the role of hubris in the banking system, as well as the rising prospects of industrial metals like copper. "Today we're still a long way from our goals of maximum employment and inflation averaging 2% over time. . ." Jerome Powell; March 4, 2021The week that just passed presented us with more than a few seminal moments, those points in time where a well-...Read More
Turkish steel producers skipped the first working day of the week with no deep-sea bookings, keeping their focus on finished steel sales, market participants told Fastmarkets on Monday March 8.The steelmakers had booked a number of scrap cargoes late last week, resulting a more than $6-per-tonne increase in the daily scrap indices.A scrap supplier in the Baltic Sea region sold two cargoes at the e...Read More
Westhaven Gold presented its goals for this year's exploration and drill program pointing out that it is fully funded for 2021 and well into the 2022 season. Westhaven Gold Corp. (WHN:TSX.V) announced details regarding drilling operations it plans to undertake during 2021 at its 17,623-hectare Shovelnose gold property located 30 km south of Merritt, B.C. The firm stated that Shovelnose is situate...Read More
Omineca Mining & Metals concluded five drill holes over 2,000 meters at CanAlaska Uranium's Mouse Mountain project. Stock photoOmineca Mining and Metals Ltd. (OMM:TSX.V; OMMSF:OTCMKTS) announced in a news release it completed the required drilling to earn a 50% interest in CanAlaska Uranium's Mouse Mountain copper-gold project in British Columbia.The option agreement calls for Omineca to conduct...Read More
Group Ten Metals expands drill-defined polymetallic mineralization in the Chrome Mountain target area of Stillwater West. Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced in a news release that 2020 drill results for the Chrome Mountain target at Stillwater West show "the potential for multiple, large-scale, bulk-tonnage 'Platreef-style' horizons of battery metals and platinum g...Read More
The report shows that Generation Mining's Marathon is a "substantial mining project." In a news release, Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN:FSE) announced the results of a feasibility study on its Marathon asset in Ontario, Canada. "This study confirms that the Marathon palladium and copper project is a substantial mining project that is expected to provide a very robust return on...Read More
Maurice Jackson of Proven and Probable speaks with Huntsman Exploration CEO Peter Dickie about his company's nickel and gold divisions and the active exploration program it is carrying out in Australia. Maurice Jackson: Joining us for a conversation is Peter Dickie, the CEO of Huntsman Exploration Inc. (HMAN:TSX.V). Pleasure to speak with you today and have you share the opportunity before us in...Read More
Iron ore prices were largely rangebound on Monday March 8 after fresh restrictions were announced for the steelmaking hub of Tangshan on Sunday evening, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.34 per tonne, up $0.23 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.63 per tonne, down $0.03 per tonne58% Fe fines high-grade premium, cfr Qingdao: $162....Read More
China's iron ore imports in January and February 2021 increased by 2.8% from 2020, data released on Monday March 8 from the General Administration of Customs of China shows.In the first two months of 2021, China's imports of iron ore totalled 181.51 million tonnes, up by 2.8% year on year from 176.6 million tonnes in 2020, customs data showed.The increase in iron ore imports...Read More
China's billet imports increased by 541% in 2020 from a year earlier while those for slab rose at a higher rate of 668% last year, according to the country's customs data. The big increases for these semi-finished steel products - which are rerolled into finished steel products - came amid year-long steelmaking restrictions to improve air quality in the country's production hub of Tangshan.Last ye...Read More
The Indian silico-manganese export market should cement recent price gains that have pushed up the high end of the range to a level last seen in April 2018 on firm domestic fundamentals that are influencing exporter offer prices, industry sources told Fastmarkets. Indian trade sources said firm domestic demand has encouraged higher export offer prices to customers in Southeast Asia, the Middle Eas...Read More
One of our readers’ favorite tools is the Adaptive Dynamic Learning (ADL) predictive modeling system. This tool maps out technical and price patterns into an array of similar setups using historical data, then applies that data to current and future price bars. Using the ADL predictive Modeling tool, we can see into the future based on historical technical analysis that maps stat...Read More
Peter Krauth, editor of Gold Resource Investor, delves into gold's recent price movements and discusses whether now is a good time to buy gold and gold stocks. People…relax. It's a correction. If you're a serious gold investor, then I sympathize. If you're freaking out, then this is not for you. If you're anxious, then you need to check your premises. After all, what's changed since gold re...Read More
Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More
The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.Finished steel distributors have said they have been struggling to get the necessary volumes of finished steel from either domestic or overseas suppliers, adding that they do not expect the situation...Read More
The Indian silico-manganese export market should cement recent price gains that have pushed up the high end of the range to a level last seen in April 2018 on firm domestic fundamentals that are influencing exporter offer prices, industry sources told Fastmarkets. Indian trade sources said firm domestic demand has encouraged higher export offer prices to customers in Southeast Asia, the Middle Eas...Read More
Here are five Fastmarkets stories you might have missed on Monday March 8 that are worth another look.The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.With...Read More
The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.Finished steel distributors have said they have been struggling to get the necessary volumes of finished steel from either domestic or overseas suppliers, adding that they do not expect the situation...Read More