Merger mania sweeping the gold mining sector isn't a flash in the pan - it's likely just begun.Read full newsRead More
For years, Barrick has tried to make a deal with Newmont. Now it's going hostile.Read full newsRead More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average traded closed higher on Friday ending a three-day losing streak.Tesla (TSLA) launched its long-delayed $35,000 Model 3 but shares fell 7.8% after CEO Elon Musk said the company probably won't be profitable in the first quarter.Ebay Inc. (EBAY) will launch a strategic review of its business,...Read More
Base metals prices on the London Metal Exchange were mixed at the close of trading on Friday March 1, with a continued trend of record-low inventories failing to spur persistent price rallies amid broad strength in the US dollar index. Both copper and nickel futures remain well supported, while volumes were moderate over the afternoon, with copper leading the complex at 19,890 lots changing hands...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
(Reuters) - Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.With the country's economy in meltdown, an estimated 300,000 fortune hunters have descended on this mineral-rich jungle area to earn a living pulling gold- flecked earth from makeshift mines.Their picks and shovels are...Read More
Miners in the Democratic Republic of Congo (DRC) are starting to look at blockchain as a way to provide supply chain traceability in compliance with customer and regulatory requirements, according to the chief operating officer of Cobalt Blockchain (COBC).Lance Hooper said the Canadian resource company, which has an exploration and development business including assets in the DRC, is extending its...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 1. China The domestic ferro-chrome spot price rose to 6,850-7,100 yuan per tonne from 6,750-6,950 yuan per tonne a week before after domestic suppliers lifted their prices following Tsingshan's announcement that it had raised its tender price by 100 yuan per tonne on February 25. The news broa...Read More
Adam HamiltonArchivesMar 01, 2019 The gold miners' stocks have been climbing higher on balance, enjoying a solid upleg that is gathering steam. That's fueling improving sentiment, driving more interest in this small contrarian sector. This gold-stock upleg is likely to grow in coming months, partially because of very-favorable spring seasonals. The gold stocks' second-strongest seasonal rally of t...Read More
Spot copper concentrates treatment and refining charges (TCs/RCs) firmed in the latter half of February after Chinese smelters returned to the market for March and April cargoes. Fastmarkets calculated the copper concentrates TC/RC index at $74.3 per tonne/ 7.43 cents per lb as of February 28, up marginally from $74.20 per tonne/ 7.42 cents per lb for the first two weeks of February. TCs...Read More
Mining operations at Rusal's 2.3 million-tonne-per-year Bauxite Co of Guyana Incorporated (BCGI) have been suspended for 14 days due to strike action, with no timeline for the return of workers. "Operations of the BCGI have been suspended since February 15, 2019, due to an unannounced protest of workers demanding a salary increase," a Rusal spokesperson told Fastmarkets on Friday March 1. "As of t...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Global steel scrap prices began to edge up in Turkey this week while other key markets continued to lose ground, Fastmarkets heard during the week ended Friday March 1.Turkey succeeded in recovering some of its recent losses in new bookings, but these remained sparse and mills were still reluctant to enter the market. The US market continued to stagnate while prices in Asia edged down further due...Read More
The price of shredded ferrous scrap imported into India fell by $11 per tonne this week following deals done at lower prices, sources told Fastmarkets on Friday March 1.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $328.33 per tonne cfr on March 1, down $11.11 per tonne from $339.44 per tonne cfr on February 22.Deals were heard for shredded material into...Read More
Turkish scrap import prices recovered at the end of the week on Friday March 1 with news of a fresh deep-sea cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $310.50 per tonne and 5,000 tonnes of bonus at $320.50...Read More
An overview of the battery raw materials markets and their price moves from the past week. Read More
Ahead of Fastmarkets' Battery Materials 2019 conference in Shanghai, Fastmarkets looks at use of lithium in next-generation vehicles and other battery uses, as well as soaring prices, which have spurred interest in lithium and boosted its importance in recent years as a battery material. In June 2016, the spot price in China peaked at $27 per kg, more than three times the global contract price, ac...Read More
The Chinese domestic lithium hydroxide price fell by 1.5% on Thursday February 28 due to unimproved downstream demand while the lithium carbonate market was steady week on week after most producers stood firm on offer prices. The Chinese battery-grade lithium carbonate price was unchanged on steady producer offers. Lithium hydroxide prices drifted lower in China on thin buying activities.&nbs...Read More