Here are five Fastmarkets stories you might have might have missed on Monday March 1 that are worth another look.Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry...Read More
The price of tin fell throughout the day on Monday March 1 to its lowest in two weeks at the close of trading on the London Metal Exchange, while the fortunes of the rest of the base-metals complex was mixed following strong losses on the previous Friday.Tin's three-month price was down to $23,460 per tonne on March 1, its lowest 5pm closing price since February 12.The metal was rallying until Fri...Read More
Bob Moriarty ArchivesMar 1, 2021It’s been right at a year now since the Wuhan/Covid Bio-terror program began. At first the world was forced by a lack of information to believe everything the “Experts” said and the media pounded home. Today we know better, after all, we have a year’s real data to justify or to disprove what we were told. We know the “Experts” ove...Read More
Fastmarkets plans to launch two new prices on a CIF China, Japan and Korea basis - nickel sulfate, cif China, Japan and Korea, $ per tonne, and nickel sulfate premium, cif China, Japan and Korea, $ per tonne.Fastmarkets Research estimates that the current demand for class 1 nickel units for use in electric vehicle (EV) batteries accounts for a minimal 3-4% market share, but this is forecast to inc...Read More
Jack ChanPosted Mar 1, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is now at levels of previous bottoms.Data is supportive for overall higher silver prices.Our ratio is on SELL si...Read More
The latest data for the global manganese ore market for the week ended March 1, 2021.Read More
Wall Street was buoyant, with the S&P 500 making its strongest one-day gain since June, Reuters reported, as another COVID-19 vaccine received US approval and president Joe Biden's US$1.9 trillion relief package was passed by the house of representatives before heading to the senate.The S&P 500 closed up 2.38% to 3,901.82.Futures were up around the globe.Gold has slumped to $1,723 an ounce...Read More
Of the boxes ticked over the past few months the lift in prices for titanium minerals, which will be the primary product from Barrytown, appears to be the most important, but is matched by theRead More
Seaborne manganese ore prices rose again in the week to Friday February 26, after some suppliers raised offer prices due to increasing freight costs, the stronger South African rand and expectations of lower South African exports in the coming weeks.Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose by $0.12 week on week to $4.77 per dry metric tonne unit (dmtu) on Friday, up from $4.65 per...Read More
China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel, have all raised their high-carbon ferro-chrome tender prices for March delivery by 700 yuan ($108) per tonne from the prior month. The latest tenders issued by Tisco, Tsingshan and Baosteel are 8,700 yuan per tonne, 8,896 yuan per tonne and 8,900 yuan per tonne respectively, marking an increase o...Read More
Here are five Fastmarkets stories you might have might have missed on Monday March 1 that are worth another look.Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry...Read More
Sweden scored 74 out of 100 in the most recent IRI analysis published in October last year as part of the Mining Journal World Risk Report (feat. MineHutte ratings). This gave the country an A rating and placed it 10th among a universe of 111 jurisdictions covered. However, Sweden's mineral output and broader foreign direct investment into mining lagged prolific mineral producers, some of whi...Read More
Several minor metals prices found substantial support in the week ended Friday February 26 from higher offers from China and limited stocks in Rotterdam. "Suppliers in China seem to be trying their luck at putting every price up," a European trader said. "There are not that many fundamental reasons for it, but I think they have taken note of general optimism in the commodity space and talks of a s...Read More
Turkish domestic scrap prices have gone up over the past week because of increasing imported scrap values, market sources said on Monday March 1.Prices for steel scrap imported into Turkey continued to rise after mills in the country booked a number of cargoes from Europe, the United States and the Baltic Sea region in the past week, supported by growing demand and rising prices for rebar and bill...Read More
Prices for rebar imports into Singapore continued on an upward trend in the week to Monday March 1 on bullish sentiment caused by rebounding scrap prices and higher offers from key suppliers, sources told Fastmarkets.Major steel mills in China and Turkey increased offers to $675-685 per tonne cfr Singapore on a theoretical weight basis, on the fast rebound of ferrous scrap prices around the world....Read More
United States-based lithium producer Livent will supply battery-grade lithium carbonate and hydroxide to German carmaker BMW.Paul Graves, the miner's president and chief executive officer, made the announcement during an earnings call following the release of Livent's financial results for the fourth quarter of 2020."This is a multi-year agreement under which Livent will deliver both lithium carbo...Read More
China's nickel sulfate price continued rise in the week to Friday February 26 to reach a new record high, mainly driven by the volatile nickel price at the London Metal Exchange and limited supplies, sources told Fastmarkets.Fastmarkets' price assessment for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China was at 35,000-38,000 yuan ($5,414-5,878) per tonne on Friday February 26, up b...Read More
OverviewAbraPlata Resource Corp. (TSX-V: ABRA) is a very well-funded silver-gold focused advanced-stage exploration company. We own 100% of the Diablillos project, which is located in a very mining-friendly province in Argentina, called Salta. Diablillos has a large existing resource base, totalling over 140Moz on a silver-equivalent basis, all in the Indicated category. The existing resource base...Read More
California has some of the most overbearing and aggressive climate change policies in America.Yet the state also allows massive amounts of clean energy to simply go to waste.In April 2020, California's solar farms curtailed over 318,000 megawatt-hours (MWh)!To put that into perspective, the average monthly electricity consumption for a U.S. residential utility customer is about 877 kilowatt-hours...Read More
Nighthawk Gold Corp. (TSX: NHK, OTCQX: MIMZF) is a Canadian-based gold exploration company, with 100% ownership of a district-scale land position, within the Indin Lake Greenstone Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada, a Tier-1 mining jurisdiction. Nighthawk has advanced its flagship asset Colomac, outlining a robust project with current Indicated R...Read More