Fastmarkets' seaborne premium hard coking coal indices diverged on Monday June 22, with the fob Australia premium rising while other prices mostly edged down and market participants decided to take a wait-and-see approach.Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.78 per tonne, up $2.58 per tonne Premium hard coking coal, cfr Jingtang: $117.36 per tonne, down $0.35 per t...Read More
Seaborne iron ore concentrates and pellet prices fell in the week to Friday June 19 because high prices have deterred buyers from striking any deals, sources told Fastmarkets.Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao stood at $112.50 per tonne on June 19, down $2.68 per tonne from $115.18 per tonne a week earlier. And the weekly average of Fastmarkets' index fo...Read More
China's hot-rolled coil prices were largely stable on Monday June 22 amid low inventories.DomesticEastern China (Shanghai): 3,750-3,760 yuan ($530-532) per tonne, narrowing downward by 10 yuan per tonneTrading activity was moderate on Monday amid futures losses, but sellers were reluctant to cut their offer prices due to low inventories, according to a Shanghai-based trader.A second Shanghai-based...Read More
China's domestic rebar market was flat on Monday June 22 despite falling futures, with mills' high ex-works prices keeping it supported.Domestic Eastern China (Shanghai): 3,580-3,610 yuan ($506-510) per tonne, unchangedShagang, a major rebar producer in eastern China, rolled over its list price of 3,850 yuan per tonne for HRB400 F16-25mm rebar ordered during the June 21-30 period.This is 240-270 y...Read More
The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday June 19. China Export price fell in line with concluded business at the low end of the price range. Overseas market remained sluggish due to foreign consumers putting...Read More
China's electrolytic manganese flake export price maintained its one-year low on Friday June 19 on lower offers from traders amid sluggish overseas demand, sources said.Fastmarkets' weekly price assessment for manganese 99.7% electrolytic manganese flake, fob China was $1,430-1,500 per tonne on Friday June 19, unchanged from a week earlier. This is a new annual low since June 21, 2019, when the pr...Read More
China-based minor metals producer Vital Materials will restart the Xianxi bismuth products plant in Hunan province, owned by producer Hunan Jinwang Bismuth. The Xianxi plant, which was opened in November 2012, stopped production at the end of January 2019 and has been running under heat preservation only since. Before its closure, the plant produced 200-300 tonnes per month of bismuth. Owner Hunan...Read More
ArcelorMittal (NYSE: MT), the world's biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses.The facilities the company may put on the chopping block include a 420-km-long railway servicing the 24 million tonnes-per-year Mont-Wright iron or...Read More
Last year's maiden diamond drill program at the Burgundy Ridge area within Crystal Lake Mining's (TSXV: CLM; US-OTC: SIOCF) 551-sq.-km Newmont Lake property in the Golden Triangle returned broad copper-gold-zinc-silver intercepts as well as high-grade gold mineralization. Based on the drill results, the company sees potential for alkalic porphyry hypogene mineralization underneath Burgundy Ridge.T...Read More
Mining and commodities trader Glencore (LSE: GLEN) is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC).The probe by the Swiss Attorney General, announced after market close on June 19, adds to the list of multiple, but separate alleged corruption and bribery investigation...Read More
Despite an increasing focus on ESG, mining companies are failing to consider the disproportionate effects of mining on women and girls, says a report released today by independent research organization the Responsible Mining Foundation.While miners are starting to look seriously at increasing the proportion of women at the board and senior management level, most companies aren't even attempting to...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHaving fired shots at Canadian lobster, Australian beef and US pork, it's surely only a matter of time before Beijing revives a threat to bl...Read More
Hilong Holding, a provider of oil-field services and equipment, said it wouldn't be able to repay holders of a maturing dollar bond-the latest offshore default by a Chinese borrower.Read full newsRead More
BEIRUT, LEBANON (6:15 P.M.) - The Tripoli-based Government of National Accord (GNA) announced its rejection of Egyptian President Abdel Fattah El-Sisi'sRead full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
TORONTO, June 18, 2020 /CNW/ - Orion Mine Finance announced today an update in respect of its beneficial ownership of common shares of Lundin Gold...Read full newsRead More
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developmentsRead full newsRead More
Income investing has been a staple for decades. In recent years, the dividend-growth strategy has grown in popularity as record-low interest rates make bonds and GICs much less attractive. As a result, several retail investors adopt this investing strategy as a means to build strong and sustainable income. There are two types of dividend-growth stocks: Canadian Dividend Aristocrats and up-and...Read More