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

The attraction of high sales volumes and good netbacks in China continued to tighten supply and supported prices for ferro-chrome in Europe in the week to Tuesday February 2.Ferro-chrome producers have targeted China, attracted by the high demand, rather than Europe. This has reduced the volumes available in Europe, which in turn has increased prices.Fastmarkets' price assessment for ferro-chrome,...Read More

An attempted short squeeze on silver late last week and early this week saw the precious metal rise from just over US$25/oz on Thursday to almost US$30/oz on Monday.Read More

Vancouver, BC - Graphite One Inc. (TSX-V:GPH | OTCQX:GPHOF) ("Graphite One" or the "Company") announces that it intends to complete a non-brokered private placement offering (the "Offering") to raise gross proceeds of up to CA$2,000,000.The Company plans to issue up to 2,564,103 units (the "Units") at a price of CA$0.78 per Unit. Each Unit consists of one common share (a "Common Share") a...Read More

Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna") a royalty company for the U.S. licensed cannabis industry, is pleased to announce that it has sold a portion of its unutilized extraction equipment to investee company, Cultivation Technologies Inc. ("CTI"), located in Palm Desert, CA, for an increased royalty stream.CTI management estimates the new man...Read More

Michael Lillja will join Outokumpu as senior sales director in March, Fastmarkets understands.The chrome market veteran will join the Helsinki-listed stainless steel manufacturer and ferro-chrome producer...Read More

Minera????o Vale Verde (MVV) has secured the last tranche of financing needed to start production at its copper-gold mine in northeast Brazil, its parent company, Appian Capital Advisory, said on Thursday February 4.The company raised $140 million via project finance with ING, Natixis, and Soci?(C)t?(C) G?(C)n?(C)rale in a transaction it called the "largest greenfield project finance" since the be...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

General Motors (GM) has become the latest automaker hit by the global shortage of computer chips and has been forced to temporarily stop production in North America and South Korea, it said on Wednesday February 3.The US automaker will cut production entirely at three of its factories in North America and will halt production at one assembly plant in South Korea during the week of February 8. The...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

The European titanium scrap market resumed its six-month long rally over the week to Wednesday February 3 after a brief pause, with ferro-titanium suppliers set to hold their offer prices in the near term ahead of second-quarter demand from steelmakers, market sources told Fastmarkets.Both titanium scrap markets that Fastmarkets assesses have jumped about two-fold in the past six months.Fastmarket...Read More

The steel industry has largely welcomed India's 2021-2022 union budget that was announced on February 1 for its focus on infrastructure and government spending. The impact of the coronavirus pandemic and subsequent lockdown in the country resulted in India's gross domestic product (GDP) falling by a forecast 7.7% in the year to March 2021, before rebounding to grow by 11% the year after, according...Read More

Base metals prices on the London Metal Exchange were mainly weaker, while those on the Shanghai Futures Exchange were mainly firmer this morning, Thursday February 4, with the weaker dollar likely weighing on dollar-denominated prices.Along with a stronger US Dollar Index, US 10-year treasuries yields are stronger too......suggesting risk-on, but broader markets not reflecting that this morningAsi...Read More

Share this article TORONTO - Caldas Gold Corp. [CGC-TSXV; ALLXF-OTCQX] on Thursday, February 4 formally announced that it has changed its name to Aris Gold Corp. and that a new board of directors and management team are in place.In addition, net proceeds of an $85 million private placement led by the incoming board and management team as well as US$83 million of gold-linked notes have been releas...Read More

Share this articleVANCOUVER - Alpha Lithium Corporation (TSX.V: ALLI) (OTC: ALLIF), sole owner of one of the last large, undeveloped salars in Argentina's Lithium Triangle, reported that it has commenced drilling of Phase Two of its three-phase drilling program on Alpha's 100% owned, 27,500-hectare Tolillar Salar.Further to a press release dated January 26, 2021, Alpha added a second drilling rig...Read More

My heart broke when I heard the news...One of my favorite singers of all time, and one of the nicest guys I've ever met, announced that he has Alzheimer's.His name is Anthony BenedettoBut you probably know him as Tony Bennett.Although Bennett had been a household name since the 1950s, I didn't discover him until the 1980s, when he launched a comeback that appealed to the MTV generation. Gen X kid...Read More

Key data from the Wednesday February 4 pricing session in London and Shanghai.Key drivers The cobalt hydroxide payable indicator continued to edge high after a persistent surge in downstream cobalt sulfate prices translated into heightened willingness among buyers to accept higher offers from...Read More

Roscan Gold Corporation (TSX-V: ROS; FSE: 2OJ; OTC: RCGCF) is a well-financed Canadian gold exploration company, focused on the exploration and acquisition of gold properties in West Africa. Roscan has assembled a significant land position of 100%-owned permits around its flagship Kandiol?(C) Project in West Mali, in an area of producing gold mines and major gold deposits.The Kandiol?(C) Project i...Read More

Hot-rolled coil prices in the United States have reached an all-time high, supported by strong demand and extremely tight supply, Fastmarkets has learned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $59.23 per hundredweight ($1,184.60 per short ton) on Thursday February 4, up by 2.69% from $57.68 per cwt the previous day and more than double $29.57 per cwt on...Read More

Domestic prices for hot-dipped galvanizing coil have been stable in Northern Europe over the week to Wednesday February 3, supported by tight supply, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil domestic, exw Northern Europe was unchanged over the week at ?,?820-840 ($987-1,011) per tonne on February 3.The assessment was based on achievable pri...Read More