Global alumina prices have plummeted over the past two months in June and July due to poor demand and a surplus of excess cargoes in the market.Alumina prices in Western Australia, Brazil and China are all down over 15% since May and close to their lowest level in over two years. This is a stark contrast to this time last year, when alumina prices were trading close to record highs following strik...Read More
Australian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsGolden Mile goes back to the futureSPONSOREDgolden mile resources'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteGroup copper-equivalent production jumped 11% in the June quarter,...Read More
Eastern China's domestic prices for hot-rolled coil continued to pick up strength on Wednesday July 17, while those in the northern region held steady.DomesticEastern China (Shanghai): 3,890-3,910 yuan ($566-569) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, unchangedRising futures stimulated trading in the spot market in eastern China, resulting in more buyi...Read More
Trade negotiations between the United States and China following a meeting between the countries leaders on the sidelines of the Group of 20 (G20) summit in Japan at the end of last month have not progressed as well as investors had hoped. Instead, relations between the worlds two largest economies remain frosty following a report that China will sanction US firms that sell weapons to...Read More
China's domestic rebar prices maintained their upward momentum on Wednesday July 17 amid rising futures. Domestic Eastern China (Shanghai): 3,980-4,010 yuan ($579-583) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,930 yuan per tonne, up 10 yuan per tonneSome buyers raised their procurement rates to replenish their inventories on seeing the gains in the futures market.End users m...Read More
Key data from Fastmarkets' Wednesday July 17 pricing session in Europe:Key drivers The ferro-titanium market moved down amid a decline in spot demand for ferro-titanium for the past couple of months in response to a weakening European steel market, which is likely to remain quiet over the summer. The ferro-titanium market is close to its floor, according...Read More
The following Fastmarkets minor metals prices changed on Wednesday July 17:Minor metalsAntimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,950-6,200 per tonne from $6,000-6,200Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,800-6,000 per tonne from $5,900-6,150Cadmium 99.95% min, cif global ports, cents/lb: 105-115 per lb...Read More
U.S. equity index futures were mixed this morning. The S&P 500 futures were up one point in pre-opening trade.Index futures were virtually unchanged following release of June Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.262 million units from 1.269 million units in May. Actual was 1.253 million unitsThe Canadian Dollar was virtually unchanged at U.S. 76.50 cents following release o...Read More
A multi-year low in the cobalt metal price in China triggered the speculative buying witnessed over the week to July 12, which is likely to be followed by restocking activity in the spot market, Fastmarkets learned.Fastmarkets' assessment of the price for cobalt 99.8% Co min, ex-works China was at 210,000-230,000 yuan ($12.27-13.43 per lb, minus China VAT) per tonne on Friday July 12, down nearly...Read More
Trade negotiations between the United States and China following a meeting between the countries' leaders on the sidelines of the Group of 20 (G20) summit in Japan at the end of last month have not progressed as well as investors had hoped. Instead, relations between the world's two largest economies remain frosty following a report that China will sanction US firms that sell weapons to Taiwan. In...Read More
After working 25, 30, 35 years, or longer, you might think that retirement will be a like a permanent vacation where you sit back with your feet up and watch the world whiz by. But it's not. Retiring is a life changer, it can be a shock to your system, and it's not all fun. In fact, it may actually be the toughest job you've ever had. That's because one of the biggest challenges you'll face for th...Read More
Import prices for stainless steel in East Asia rose over the week ended Wednesday July 17 after producers adjusted their asking prices upward in response to a rally in the price of nickel on the London Metal Exchange.Following seven consecutive days of gains after July 5, the price of nickel, 3 months, LME Daily Official, ended the official trading session on July 16 at a 2019 high of $13,960-13,9...Read More
Germany's Wieland Group has completed its previously announced acquisition of Global Brass & Copper (GBC), the company said in a statement on Tuesday July 16.Wieland, a supplier of semi-finished copper and copper alloy products, had announced in April this year it would acquire Schaumburg, Illinois-based GBC's outstanding shares for $44 apiece.GBC shares ceased trading on the New York Stock Exchan...Read More
What does a lunar test bed look like?For many of us, probably a bit like a great big sandbox - if that sandbox were filled not with play sand but finely ground basaltic cinders meant to simulate the dusty regolith that covers the surface of the Moon.For Christopher Dreyer, research assistant professor in Colorado School of Mines' Space Resources Program, though, it looks like the future."Fifty yea...Read More
The following is an edited transcript of remarks made by Franco-Nevada CEO David Harquail at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019, speaking in his role as chair of the World Gold Council, followed by a brief question and answer session. For the full audio, listen to Episode 142 of The Northern Miner Podcast._________________________Da...Read More
Franco-Nevada CEO David Harquail speaks on his company's performance as well as the royalty business model at The Northern Miner's Canadian Mining Symposium held at Canada House in London, U.K., on May 22, 2019.Topics covered include Franco's growing profile of long-life assets; precious-metals royalties and streaming as a business model; succession plans with chairman Pierre Lassonde retiring nex...Read More
This is my final editorial for The Northern Miner, as I will soon depart to join gold miner Agnico Eagle Mines as a senior geologist in their Toronto head office, working on technical writing.After almost 23 years at the Miner, including the past 14 years as editor-in-chief, I've been overwhelmed by the hundreds of well-wishes coming in from around the world after my departure was announced, repre...Read More
Australian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumSaturn's high-grade discovery gives Apollo Hill a rocketSPONSOREDsaturn metalsGolden Mile goes back to the futureSPONSOREDgolden mile resources'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteGosh what a weekend - I need a lay down. As a general rule,...Read More
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Perfectly Positioned for Global Growth Projecting 3 Million Pound 2019 Harvest Following a successful 2018 growing season, Hemptown USA is scaling its operation to meet global demand. The company is on track for 2019 revenue (based on 2018 crop yield) of $23 million and is projecting $204 million revenue for 2020. Sign Up Below to ...Read full newsRead More