The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic,...Read More

Physical iron ore prices were rangebound on Thursday April 25 while futures transactions rose early in the day and fell later, to end moderately lower overall.MB 62% Fe Iron Ore Index: $93.50 per tonne cfr Qingdao, down by $0.05 per tonne.MB 62% Fe Pilbara Blend Fines Index: $92.28 per tonne cfr Qingdao, down by $0.05 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $95.98 per tonne cfr Qingdao, up...Read More

Major Chinese steelmaker Maanshan Iron & Steel (Magang) hopes to lead the overhaul of the Chinese ferrous scrap market by pioneering a domestic pilot project, group vice president Chen Zhaoqi said at the 12th China International Metal Recycling Conference 2019 in Zhuhai, China on April 25.Magang is planning 10 million tonnes per year of new ferrous scrap capacity across 10 ferrous scrap processing...Read More

The seaborne coking coal spot market was largely stable on Thursday April 25 amid little change in offers and bids as participants awaited the conclusion of a miner's tender later this week.A cargo of premium mid-vol hard coking coal, scheduled for loading June 1-10, changed hands at $203 per tonne fob Australia, according to various sources. Meanwhile, a top Australian brand was offered at $207 p...Read More

Japan has increased its ferrous scrap exports to non-traditional markets on expectations of an oversupply of ferrous scrap from 2020 after the current wave of demand from the Tokyo 2020 Olympic Games ends, Genkichi Ando, chairman of the international network committee from the Japan Iron & Steel Recycling Institute, said this week.Japan started ferrous scrap exports to countries such as Bangladesh...Read More

Lead prices on the Shanghai Futures Exchange outperformed with an increase of 1.2% during morning trading on Thursday April 25 amid optimism over US-China trade talks next week and the metal's solid fundamentals.US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to China on April 30 to resume trade negotiations, according to a statement issued by the White...Read More

Alloy-grade cobalt prices maintained their premium over standard-grade during the first half of this week amid a limited supply of cut cathode for spot market inquiries. Fastmarkets assessed the standard-grade cobalt price at $15.90-16.95 per lb, in-warehouse, on Wednesday April 24, up 1.5% from the previous week's assessment. Alloy-grade metal continued to trade at a premium but saw sli...Read More

China National Corporation for Overseas Economic Cooperation (CCOEC) won 34.64 tonnes of indium in Fanya Metal Exchange's second auction - ended at 10am Beijing time on Thursday April 25 - Fastmarkets understands from the official auction result posted on the Alibaba judicial online platform.As the only bidder at the auction, CCOEC took the indium at a price of 37.4112 million yuan ($5.57 million)...Read More

Fastmarkets has amended the minimum tonnage of its Chinese domestic indium price assessment to 100 kilograms to better reflect the dynamics of the market. The adjustment, effective Wednesday April 24, was made based on both market feedback and the internal data analysis during the consultation period.The goal of a minimum tonnage is to exclude any deal that, because of its small size or high price...Read More

Chinese cobalt sulfate prices were unchanged mid-week after their retreat on Friday April 19, but waning buyer interest and concerns over the surplus dynamics of key raw material cobalt hydroxide will continue to weigh on cobalt sulfate prices, market participants told Fastmarkets MB.Fastmarkets MB assessed the Chinese cobalt sulfate price at 51,000-54,000 yuan ($7,587- 8,033) per tonne on April 2...Read More

Capacity expansions among silicon producers in China's Xinjiang province and soft demand from the downstream secondary aluminium sector have combined to put the Chinese silicon market under pressure, Fastmarkets heard at Antaike's 2019 China Industry Silicon Conference on Wednesday April 24."Since the beginning of the year, prices for grade-553 silicon have been weakening - this despite southern C...Read More

Falling UG2 chrome ore prices in April have been partly caused by ferro-chrome smelters in China selling their raw material back to the market, sources told Fastmarkets. Fastmarkets' UG2 chrome ore index, cif China, has dropped every week so far in April and stands at $169 per tonne as of Tuesday April 23, down from $186 per tonne on March 29. The smelters are understood to have bought too much ma...Read More

China's stainless steel prices dropped slightly over the past week as sellers focused on destocking amid weak demand.Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,500 yuan ($2,083-2,157) per tonne including value-added tax for the week ended Wednesday April 24, widening downward 100 yuan per tonne from 14,100-14,50...Read More

China will continue to increase its ferrous scrap utilization rates as part of its "Blue Sky" environmental protection policies from 2019, Ma Hongchang, advisor at the Bureau of International Recycling said at the 12th China International Metal Recycling Conference 2019 in Zhuhai, China, this week."China will continue to promote the use of ferrous scrap in the coming years, especially through incr...Read More

In August 2017, Canada's federal, provincial and territorial ministers responsible for mining called for a Canadian Minerals and Metals Plan (CMMP) to support industry competitiveness, solidify Canada's position as a global mining leader, and to lay the foundation for lasting success at home and abroad.The CMMP was unveiled at the annual convention of the Prospectors & Developers Association of Ca...Read More

With Canada's economy stalling and the possibility the country may soon enter another recession, it is only natural for investors to seek out a safe haven for their hard-earned capital. Typically, gold is one of the favourite investments, as it is acyclical and acts as a great place to store capital during times of fear and panic.Gold also protects investors from inflation, which is a risk during...Read More

From oil and gas to metals and healthcare, there are some solid choices for a long-term investor looking to stack shares in dividend-paying companies on TSX index. These are some of the most defensive areas of investment, operating in sectors that are likely to outrun even a deep and widespread market downturn. Let's take a look at some representative stocks.Enbridge (TSX:ENB)(NYSE:ENB)This ubiqui...Read More

As cannabis becomes more of a mainstream investment, should stocks like Canopy Growth (TSX:WEED)(NYSE:CGC) join outperforming tech in a capital gains portfolio? Let's review the stats for the TSX index's breakout marijuana stock and compare them against some of the tech growth stocks it most closely resembles, plus one mining stock that makes a feasible tech proxyCanopy Growth could be the front-l...Read More

Bob Moriarty ArchivesApr 26, 2019TheRound Mountain Gold Mine is on the west side of the Toquima caldera in south-central Nevada. What Rover Metals (Rover) (ROVR-V) calls the Toquima precious metals property is on the other side of the caldera. On April 10Rover announced a Letter of Intent to purchase all of the issued and outstanding shares of Centennial Mining, owner of the Toquima gold and silve...Read More

Construction activities at the Lindero gold project in Argentina. Source: Fortuna Silver Mines Inc.Fortuna Silver Mines Inc. [FVI-TSX; FSM-NYSE] has published its first video, documenting its construction progress at the Lindero gold project in Argentina.The company now says it expects to publish a new episode every month until the company declares commercial production at the project in the first...Read More