The price of steel billet from the Commonwealth of Independent States (CIS) exported via the Black Sea jumped on a deal heard to the Gulf Co-operation Council (GCC) while some producers withdrew from the market due to the holiday period and on expectations prices would move even higher in January, Fastmarkets heard on Tuesday December 29.The booking for Ukraine-origin billet was heard to Qatar at...Read More
Seaborne iron ore prices declined again on Tuesday December 29 due to the cold wave in China suppressing operations at ports and leading to weakened steel demand, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $163.02 per tonne,down $0.83 per tonne62% Fe low-alumina fines, cfr Qingdao: $163.50 per tonne,down $1 per tonne58% Fe fines high-grade premium, cfr Qingdao: $152.15 p...Read More
The premium hard coking coal fob price edged up further on Tuesday December 29 after transactions concluded at higher prices late on Monday while in the cfr market, the hard coking coal price rose by $1 per tonne following the recent increase in the premium hard coking coal cfr price, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $104.88 per tonne, up $0.80 per tonnePremium h...Read More
Apple (AAPL), a Dow Jones Industrial Average stock moved above $137.74 to an all-time high extending an intermediate uptrend. Canadian Pacific (CP), a TSX 60 stock moved above $444.49 to an all-time high extending an intermediate uptrend.Franco-Nevada (FNV), a TSX 60 stock moved below $162.21 extending an intermediate downtrend. Pre-opening Comments for Tuesday December 29thU.S. equity index...Read More
The CME Group's cash-settled cobalt futures contract, which is tied to Fastmarkets' daily benchmark price assessment for the metal, was traded for the first time on Monday December 28. One lot was traded for each month of the first quarter of 2021 at $15.60 per lb. These are the first three lots to be traded since the contract's launch on December 14.The contract, traded under the Bloomberg ticker...Read More
- Earlier test hole CK20-04cA, which was lost at 29.6m (97 ft) and averages 29.2 meters of 5.075 g/t AuEq, shows similar grades and mineralization thicknesses as CK20-04cB.- 04cB also includes an interval of 104 meters (342 ft) of 1.41 g/t AuEq below the higher-grade intercept.- Drill hole location was to obtain metallurgical sample for process optimization from the center of the deposit as outli...Read More
A whitepaper published by the Chinese government on December 21 entitled "Energy in China's New Era" underlines Beijing's determination for the development of a green, low-carbon and sustainable energy sector."Building a clean and diversified energy supply system" is listed as one of the five action points that China needs to work on to develop its energy sector. The other four points center on en...Read More
This week's episode features Haywood Securities vice president and director David Elliott, who discusses junior mining, ESG, jurisdiction and M&A with Northern Miner group publisher Anthony Vaccaro at the Global Mining Symposium. David also explains how the lack of exploration in the last few years has led to a dearth of good new opportunities in the junior mining space.All this and more with host...Read More
A team led by researchers at the Pacific Northwest National Laboratory in the United States have designed a highly active catalyst that contains cobalt interspersed with nitrogen and carbon and therefore doesn't rely on platinum to spur the necessary chemical reaction.In a paper published in the journal Nature Catalysis, the scientists explain that their invention is four times more durable than s...Read More
A group of anti-mining activists attacked a worker that leads community relations for Curimining, the Ecuadorian company in charge of developing the Curipamba copper-gold project, held by Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL).The worker was attacked as he was entering the Las Naves Municipal Council, where he was to present documentation related to Curimining's activities...Read More
In a recent industry report, Fitch Solutions forecast nickel mine production will grow by 8.3% year-on-year in 2021, above the average growth of 5.9% year-on-year over 2010-2019, but not fully replacing the 23.3% expected contraction in 2020's nickel output.Growth in the near term will be driven by a recovery in output in the Philippines and Indonesia, Fitch forecast. In the Philippines, lockdowns...Read More
Canada rejected Shandong Gold Mining's bid for indebted TMAC Resources, the companies said, amid concerns about a Chinese state-owned entity operating in the country's sensitive Arctic region.Read full newsRead More
Canada's government has blocked a Chinese company from acquiring a Toronto-based firm that runs a gold mine in the Arctic due to national security reasons, the company said Tuesday.Read full newsRead More
TMAC Resources Inc. says that the Government of Canada has rejected a proposal for it to sell its Hope Bay gold project in Nunavut to Shandong Gold Mining Co. Ltd., a Chinese company.Read full newsRead More
Cache Exploration Inc. is pleased to announce the appointment oRead full newsRead More
Cache Exploration Inc. is pleased to announce, further to its preRead full newsRead More
Investors are searching for top Canadian stocks to buy for their RRSP and TFSA portfolios for 2021.Top stocks to buy in 2021The market rebound off the March lows eliminated many of the great deals we saw in 2020, but some top Canadian stocks still trade at cheap prices and could catch up to the rest of the market in 2021.Investors should consider sectors that fell out of favour during the pandemic...Read More
Rare earth metals are at the core of every major technology today.Smartphones, laptops, wind turbines, electric cars, and medical devices - you name it.They're also widely used in defense technology, like jets and guided missile systems.Neodymium, dysprosium, praseodymium, and terbium, for example, are all used in high-strength permanent magnets. They are used in virtually every modern vehicle and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 30 that are worth another look.Corween Investments, the holding company for Liberty House, was given a lease for the insolvent Polish steel plate producer Huta Czestochowa earlier this week, sources told Fastmarkets on December 30.Shipments of...Read More
Base metals prices on the London Metal Exchange were little changed at the close on Wednesday December 30 amid low volumes and quiet market conditions.The LME three-month aluminium price rebounded slightly but remained marginally below the $2,000-per-tonne support level. It edged up by $8.50 to $1,999.50 per tonne, with just 6,697 lots of aluminium trading by 5pm London time, compared to over 20,0...Read More