"Horizonte Minerals to push forward at Araguaia after completing $25m Orion royalty dealFollows recent progress at Vermelho battery nickel project, also based in the Para state of Brazil.https://t.co/MFZMNLD5xb#HZM @HorizontePLC"Read full newsRead More
Oct 23, 2019 Guest(s): Patrick Chidley Partner, 3ppm While some capital has flowed back into mining sector following this year's price rally, levels are still not "normal" compared to previous years, and especially compared to competing industries, this according to Patrick Chidley, partner of 3ppm. "Although we're past the lowest point in terms of deal raises in Canada, I think that we're still...Read More
Ken Norquay recalls the late Richard Russell's admonition in making the case that investors who have not adopted financial plans that include selling, should do so immediately.Chartered Market Technician (CMT) and author Ken Norquay warns "withstanding bear markets is a very emotional experience".I remember those carefree childhood times that led up to the 'back to school' days of September. Time,...Read More
The three-month copper price on the London Metal Exchange rose to its highest level in more than a month at the close of trading on Wednesday October 23 amid positive forward spreads, while tin futures underperformed in a 2% decline over the afternoon. Copper's three-month price closed at $5,881 per tonne this afternoon, its highest level since September 13, with just over 16,000 lots of metal exc...Read More
Buyers in all regions stayed on the sidelines in the week to Tuesday October 22 amid London Metal Exchange nickel price and spread volatility. European market sees little spot trade on weak demand. US nickel premiums flat, with scrap substitution dampening primary metal demand. Asian nickel remains at a discount versus a premium. Brief contango fails to tempt European buyers Rotterdam...Read More
The Southeast Asian lead premium rose by 4.2% week on week on increased spot interest, with market participants suggesting an uptick in automotive sales as a key tailwind; meanwhile, global zinc premiums were unchanged amid stagnant spot demand and tight forward spreads. Southeast Asian lead premium rises on renewed buyer interest US, Asian zinc premiums flat on low spot interests Eur...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday October 23 that are worth another look.Taseko Mines Limited is in the process of seeking a listing on the Main Market of the London Stock Exchange (LSE), with approval anticipated prior to the end of 2019.Chilean iron ore and long steel producer Compa???-a de Acero de Pac?-fico (CAP) was forced to reduce production from some o...Read More
London is once more attracting juniors that need capital to develop their mining projects in Canada and Australia.Read More
The London-listed company posted Q3 production figures - including silverstream - of 13,283 ounces, 5% below consensus estimates. Gold volumes were also 5% shy of consensus at 210,000oz.Fresnillo said full year gold and silver production was "likely to be at the lower end of the guided ranges of 55-58Moz (including silverstream) silver and 880,000-910,000oz gold respectively."Investment firm Jeffe...Read More
Two of Codelco's divisions are operating at minimum rates or have been completely halted due to a general strike in Chile, the state-owned copper producer said on Wednesday October 23.Trade federations representing workers of both the state-run producer and private copper companies decided to join a nation-wide standstill in response to governmental measures taken to counter violent demonstra...Read More
By: Ira EpsteinGold's volatility has been coming out of the market. $1,498.7 would break the bearish pattern: Read More
The global refined copper balance will switch from a deficit this year to a surplus next year on an expansion in Chinese refining capacity and a slowdown in global economic growth, the International Copper Study Group (ICSG) said on Wednesday October 23.The world is forecast to produce 25.3 million tonnes of refined copper next year, up 4.2% from this year's expected global output, the group said&...Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Speaking as a prelude to the keynote panel about innovating the CEO agenda, Wallace said such projects were a means of throwing the old university playbook out and "connecting companies and industryRead More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 23. Key drivers Ferro-titanium market stability extended for a third week despite only low volumes reported sold. Only one truckload of ferro-titanium was reported being sold at $4.50 per kg delivered, duty-paid. Alloy suppliers are looking to start negotiations for deliveries on longer-term agreements as s...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 23. Key drivers Ferro-titanium market stability extended for a third week despite only low volumes reported sold. Only one truckload of ferro-titanium was reported being sold at $4.50 per kg delivered, duty-paid. Alloy suppliers are looking to start negotiations for deliveries on longer-term agreements as s...Read More
The Turkish steel mills have extended their silence in the deep-sea scrap markets and are now focused on the markets for billet and finished long steel, sources said on Wednesday October 23.The mills in Turkey have been very active in scrap purchasing so far this month, booking at least 16 cargoes. They went quiet in the deep-sea markets at the end of last week after booking almost 500,000 tonnes...Read More
A summary of Antofagasta's production results for the third quarter of 2019 following the company's results report released on Wednesday October 23.IN BRIEF: Antofagasta's group copper production for the third quarter of 2019 was recorded at 197,000 tonnes, a drop of 0.8% against the previous quarter. Group copper production for the first nine months of 2019 climbed to 584,200 tonnes, a rise...Read More
You can't say we weren't warned.A decade ago, the U.S. Department of Energy released a report highlighting the critical materials that would be key components for the development of clean technologies in the United States.Buried in that report, however, was more than just projections. For materials such as lithium, cobalt, and rare earth elements, it was clear who was in control.Just think...In 20...Read More
Rio Tinto is planning to step into the lithium industry in the United States following the booming prospects for the new energy vehicles (NEVs) sector. Rio Tinto will pilot the production of lithium salts following a study to extract lithium from waste rock at their borates mine in the Mojave Desert in California, the company said. Should the pilot scheme succeed in producing its forecast 10 tonne...Read More