The silicon metal market in the United States moved higher for the first time in two years, with suppliers raising prices largely due to reduced global supply of cheap material from China as a result of the Wuhan novel coronavirus.Independent of that, other low-priced suppliers have reportedly revised their pricing policies this year, deeming their earlier prices unsustainably low.Fastmarkets asse...Read More

BNP Paribas will take on the over-the-counter (OTC) base and precious metal clients of fellow French bank Soci?(C)t?(C) G?(C)n?(C)rale (SocGen), which is reducing its commodities exposure, both companies confirmed to Fastmarkets on Tuesday February 11.SocGen announced last April that it would be closing its OTC and proprietary commodities trading business, including metals, as part of a global cos...Read More

An overview of the noble alloys markets and the reasons for any price moves.Read More

Hanwa expects to incur an annual loss of more than ?6.5 billion ($59 million) on its 20% stake in Samancor amid challenging ferro-chrome market conditions, the Japanese trading house said on Wednesday February 12.Difficulties facing the South African ferro-chrome producer have led Hanwa to review Samancor's business plans and its interests in the company, the trading house said. Hanwa attributed...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday February 12.Key drivers The price range for ferro-titanium has been stable over the past week, with suppliers holding their offer prices against steady but low-key demand from consumers. No deals were reported, apart from in the scrap market where there were reports of almost 40 tonnes bought in the UK at the top end of the latest a...Read More

Stainless steel prices in the United States were mostly flat to lower month on month in February, despite reports that surcharges rose modestly and base prices were unchanged.Orders for stainless steel products have surged recently after surcharges came down in January and service centers sought to build up their inventories, which had fallen to low levels in December, according to a Midwestern di...Read More

Transport restrictions in China affecting raw material supply amid the coronavirus outbreak have led to a more active molybdenum spot market in China and as a result have lifted prices in South Korea and Europe. Low inventories in China have forced buyers there to import more material and subsequently drive the alloy and oxide prices to their highest levels since October 2019, according to Fastmar...Read More

Fastmarkets is extending the consultation period for its proposal to launch four Japanese export ferrous scrap prices by one week, and will launch one Vietnam H2 price of Japanese origin later this week.At the start of the pricing consultation for four Japan export scrap price assessments and one Vietnam import scrap price on January 7, the initial date slated for the launch of four Japan exp...Read More

Prices for ferrous scrap in the Mexican domestic market were down in four grades and stable in five other grades in the week ended Friday February 7, with consumers attempting to reduce prices but meeting resistance from sellers.At least two scrap consumers in the region around the city of Monterrey announced price cuts for several grades last week, in the range of 100-150 pesos ($5-8) per tonne.M...Read More

The Turkish deep-sea scrap import markets have gone quiet after suppliers withdrew their offers on the expectation of higher prices, sources said on Tuesday February 11.The mills have been seeing some improvement in demand for material over the past week, following a sharp decline in prices.Turkish deep-sea scrap import prices fell sharply on February 4, on news of fresh cargoes being booked.And f...Read More

Pretium Resources (TSX: PVG) expects to produce between 325,000 oz. and 365,000 oz. gold per year in the Valley of the Kings zone, in contrast with the 525,000 oz. long-term output rate suggested in a technical report released in 2019. Last year's gold production of 354,405 oz. from the Brucejack mine in B.C. at all-in sustaining costs (AISCs) of US$888 per oz. is in line with earlier forecasts.Pr...Read More

Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is taking a 9.9% stake in Rupert Resources (TSXV: RUP) and the junior's flagship Pahtavaara gold project, located 50 km away from Agnico's Kittila mine in Finland.Rupert Resources owns 100% of the permitted Pahtavaara gold mine and mill on a 300 sq. km. land package in northern Finland's Central Lapland Greenstone Belt.Pahtavaara is located about 20 km from...Read More

Contact Gold (TSXV: C) has released the results of two holes completed last year at the past-producing Green Springs gold project, which lies within the Cortez trend, 25 km from Elko in Nevada.The drill highlights include 38 metres of 3.53 grams gold per tonne in oxides starting at 76 metres from the Echo zone, as well as 23 metres of 1.02 grams oxide gold starting at 12 metres at the Bravo zone.T...Read More

AngloGold Ashanti (NYSE: AU) is selling its assets in South Africa to Harmony Gold (NASDAQ: HMY) in a deal worth about US$300 million.Harmony Gold has nine underground operations in the country's Witswatersrand basin and an open-pit mine on the Kraaipan Greenstone belt.AngloGold said it decided to sell its remaining producing assets and related liabilities to Harmony Gold after a nine month sales...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaIt was 2008, I think, when the term ‘Black Swan' came into common usage by virtue of the book of same name by Nassim Taleb from the pre...Read More

German automakers Volkswagen and Daimler have launched a study to push for more ...Read full newsRead More

The negative effect on the miner's balance sheet will be formally informed when releasing full-year results on Feb. 20.Read full newsRead More

JOHANNESBURG, Feb 11- South Africa's Harmony Gold Mining reported a rebound in interim profits on Tuesday on the back of rising gold prices and said it was looking for acquisitions in its home market, elsewhere in Africa and Papua New Guinea. CEO Peter Steenkamp said Harmony was in talks with parties about acquisitions but would not comment on whether they...Read full newsRead More

JOHANNESBURG, Feb 11- South Africa's Harmony Gold Mining reported a rebound in interim profits on Tuesday on the back of rising gold prices and said it was looking for acquisitions in its home market, elsewhere in Africa and Papua New Guinea. CEO Peter Steenkamp said Harmony was in talks with parties about acquisitions but would not comment on whether they...Read full newsRead More

Feb 10, 2020 (GoldStocks.com via COMTEX) -- When you think about some of the best gold stocks to buy, does Barrick Gold stock come to mind? With a market cap...Read full newsRead More