A hazy outlook for China's ferrous sector after the upcoming Chinese New Year holiday is overwhelming the Asian steel industry, resulting in a market divided on prices and purchasing decisions, sources told Fastmarkets this week.Steel demand"The situation for the Chinese steel market is unclear now. It's not clear whether demand will rebound after the Chinese New Year. Many market participants in...Read More
Fission Uranium (TSX: FCU; US-OTC; FCUUF) plans to drill 43 holes (12,640 metres) this year at the Triple R deposit at its Patterson Lake South project in Saskatchewan, 550 km northwest of Prince Albert. "One of our key goals is to maximise the size and quality of the Triple R deposit ... while also further de-risking the project as a whole," Fission CEO Ross McElroy stated in a news release....Read More
Five years after drilling the initial hole at its Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals (TSX: SIL; NYSE-AM: SILV) has released a high-margin feasibility for the project and the company's board has formally approved construction of the 1,250 tonne-per-day mine.The 8.5-year underground mine would produce an average of 5.2 million oz. of silver and 56,000 gold oz. annu...Read More
In mid-January Graphite One's (TSX: GPH; US-OTC: GPHOF) Graphite Creek project in Alaska was designated as a High-Priority Infrastructure Project (HPIP) by the U.S. government's Federal Permitting Improvement Steering Committee (FPISC). The approval comes after the project was originally nominated for HPIP designation by Alaskan governor Mike Dunleavy in October, 2019.In his 2019 nomination letter...Read More
Miner and commodities trader Glencore (LSE: GLEN) has added a third female director to its nine-person board, appointing former Anglo American (LSE: AAL) chief executive Cynthia Carroll to its board.Carroll, who led Anglo American for more than five years until she stepped down in 2013, has vast experience in the sector. While at Anglo's helm, she was one of only four female CEOs among FTSE-100 co...Read More
Studying the maths of base metals' price behaviour is not done to compete with conventional market analysis, rather it helps all analysts to better quantify relationships between market circumstances and price, as well as to check whether their thinking on price behaviour is up-to-date, as price behaviour changes over time.We have worked together to study and quantify base metal price behaviour fo...Read More
After starting to trade on the TSX Venture in December, Osisko Development (TSXV: ODV) has reported its second set of drill results from the conversion drill program underway at the Cariboo gold project in central B.C.The latest results are from the Cow Mountain and Valley vein corridors, which lie along strike.Drill highlights from the Valley zone included 8.4 metres of 8.43 grams gold per tonne,...Read More
Market activity in China's UG2 chrome ore and ferro-chrome markets slowed down ahead of the country's Lunar New Year holiday, but the confidence in the near-term outlook continued to support the markets in the week to Tuesday February 2. Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China settled at $169 per tonne on Tuesday, up by $4 per tonne (2.4%) from $165 p...Read More
Company has risen in value by about 100p since October offerRead full newsRead More
A coalition government in New Caledonia, a French territory in the Pacific, collapsed on Tuesday after pro-independence politicians resigned, citing persistent economic issues and unrest over the sale of nickel assets.Read full newsRead More
Bill Powers of Mining Stock Education profiles FPX Nickel, which is exploring the Baptiste nickel deposit in the Decar nickel district in British Columbia.Read full newsRead More
Granada Gold Mine Inc. (TSXV: GGM) ('Granada') continues to have success drilling for gold at their Granada Property situated in [...]Read full newsRead More
Sale of bullion rose 258% as investors raced for safe havens and social media-driven activism encouraged traders to enter buying frenzyRead full newsRead More
As demand for gold skyrockets, artisanal mining and smuggling ramps up, financing conflict and corrupt politicians, risking human lives and destroying the environment. In the first report of our 5...Read full newsRead More
Eight people, including a teenage schoolboy, were killed during an armed robbery on an informal gold mine in southwestern Burkina Faso, security and judicial sources say. Robbers on Sunday evening attacked the site at Djikando, about 10 kilometres (six miles) from the town of Gaoua, a police officer told AFP late Monday. "The gang opened fire -- first they shot in the air and then aimed at the min...Read More
Special Report: Australian gold company Kaiser Reef has announced a maiden drilling result for its recently acquired A1 Mine in ... Read More The post Kaiser Reef takes first steps to expand gold resource for its A1 Mine appeared first on Stockhead.Read full newsRead More
I was honored to be a guest on Nic Penrake's wonderful podcast A Trader's Life. Each week Nic dives deep into different investors' strategies and focuses. He's interviewed everyone from forex traders to institutional traders to currency options traders - and even a hypnotherapist who specializes in helping traders overcome adrenaline overload when trading.It's a great podcast and I'd recommend dig...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More
Ball Corp expects investment in beverage packaging to continue to grow as demand for sustainable aluminium cans for traditional and non-traditional beverages continues to accelerate, the Colorado, United States-based company said in its 2020 earnings report. After delays to some projects last year for health and safety reasons due to the Covid-19 pandemic, additional beverage can line investments...Read More
Forward prices on the London Metal Exchange made luckluster moves on Thursday February 4, with the upcoming Chinese New Year holiday and a high US dollar index leading to consolidation.Copper was part of the stable LME cohort, staying broadly unchanged at $7,823 per tonne on Thursday compared with $7,842.50 per tonne at Wednesday's close, albeit on low volumes of just over 10,400 lots exchang...Read More