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Subdued Chinese demand weighs further on seaborne iron ore concentrate, pellet prices

March 26, 2019 / www.metalbulletin.com

Prices for seaborne iron ore concentrate and pellets weakened further last week in the absence of any improvement in demand from China.Concentrate The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $97.63 per tonne cfr China last Friday March 22, down by $2.92 per tonne from a week earlier.In comparison, the daily Fastmarkets MB 65% Fe Iron Ore Index averaged $96.64 per tonne cfr...Read More

Copper producer opens wallet to support Alaskan VMS search

March 25, 2019 / www.mining-journal.com

Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpRed Mountain contains the Dry Creek and...Read More

PolyMet to seek finance now final permit in place

March 25, 2019 / www.mining-journal.com

Western Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesSocial opposition remains key industry hurdle in ColombiaSPONSOREDverisk maplecroft"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpIt is looking to raise funds in the com...Read More

CHINA REBAR: Export offers up on bullish outlook for domestic market

March 26, 2019 / www.metalbulletin.com

China's domestic rebar prices were flat on Monday March 25, though but export offers edged up amid a positive outlook for demand in the next couple of months. Domestic Eastern China (Shanghai): 3,840-3,880 yuan ($572-578) per tonne, unchanged Northern China (Beijing): 3,840-3,870 yuan per tonne, unchangedWeakening futures led to a slowdown in procurement rates in the spot rebar market.But sellers...Read More

Tech Talk for Monday March 25th 2019

March 25, 2019 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. Index futures are responding partially to a 3% drop by the Nikkei Average and a 2% drop by the Hang Sang Index and Shanghai Composite Index.Biogen (BIIB $216.71) is expected to open higher after setting a new $5 billion share buyback program.Viacom added $1.29 to 26.63 after reaching an...Read More

CHINA HRC: Sparse trading keeps prices steady

March 26, 2019 / www.metalbulletin.com

China's hot-rolled coil prices were largely steady on Monday March 25 amid sparse trading due to stagnant demand in both the domestic and export markets.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, unchangedNorthern China (Tianjin): 3,800-3,820 yuan per tonne, widening upward 10 yuan per tonneThin trading kept domestic prices stable during the day.While products sold at...Read More

METALS MORNING VIEW 25/03: Metals prices start week poorly amid risk-off sentiment

March 26, 2019 / www.metalbulletin.com

The London Metal Exchange three-month base metals prices ran into follow-through selling on the morning of Monday March 25 following the weak economic data points released at the end of last week.Flash manufacturing purchasing managers' index (PMI) data from the United States and Eurozone were disappointingly soft and underscored weakening global economic growth. The three-month nickel price was t...Read More

GLOBAL SILICON SNAPSHOT: Prices stable with Chinese producers resisting low European bids

March 26, 2019 / www.metalbulletin.com

Key data from the pricing sessions in London and Shanghai on Friday March 22. China Key drivers The Chinese grade 553 silicon export price was steady week on week at $1,560-1,620 per tonne on March 22. Chinese traders refused aggressive bids from overseas buyers, heard below $1,500 per tonne, citing prices below $1,560 per tonne as far below than their cost line. Steady domestic demand...Read More

GLOBAL ANTIMONY WRAP: Cheap Chinese offers find no resistance; views split on European price direction

March 26, 2019 / www.metalbulletin.com

The Chinese antimony price continued to trend down for the fourth consecutive week amid persistently weak demand and abundant supply in the latest assessment period ended Wednesday March 20. Fastmarkets' price assessment for MMTA standard-grade II antimony, delivered duty-paid in China, fell 1.6% week on week to 45,000-46,000 yuan ($6,723-6,872) per tonne on Wednesday March 20, from 46,000-46,500...Read More

The Lyft IPO is Rigged!

March 25, 2019 / dailyreckoning.com

THE GAME IS RIGGED!Consider this alert your fair warning.This week, you're going to see A LOT of publicity dedicated to hot technology companies like Lyft, Uber, Pinterest and Airbnb.That's because all of these companies (and a few more) are on deck to go public through an initial public offering (IPO). This is typically how new stocks are added to the market and how individual investors like you...Read More

4 Things to Know Before You Buy a Plane Ticket

March 25, 2019 / dailyreckoning.com

I've told you in the past how the IRS can derail your travel plans if you don't pay your taxes. Today I want to shine some light on common travel myths that are likely costing you more money than you think.According to travel research app Hopper, domestic flight prices will rise to about $229 round trip in April, from $218 in February - and up to $251 by June. As airfare climbs the closer we get t...Read More

GLOBAL FERRO-SILICON WRAP: Chinese market in balance, while Europe drops to new low

March 26, 2019 / www.metalbulletin.com

The Chinese ferro-silicon price was stable in the past week in line with fundamentals, while the downturn in the European price persisted against weak spot demand. China supported on lower production  Europe drops to 2016 low with more weakness expected  US market holds, weakness may loom ahead Chinese ferro-silicon prices have been steady in the past week in line with demand from steel...Read More

GLOBAL CHROME WRAP: Asian alloy prices keep rising on April tenders, power constraints

March 26, 2019 / www.metalbulletin.com

Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom. April tenders push up long-term contract prices in ChinaCharge chrome import prices rise on protracted power constraintsAlloy prices rise in South KoreaEuropean alloy prices flatline de...Read More

Chinese stainless steel mills raise April FeCr tender prices by $45 per tonne

March 26, 2019 / www.metalbulletin.com

China's leading stainless steel mills announced increases in their April tender prices for high-carbon ferro-chrome by 300 yuan ($45) per tonne month on month on Friday March 22.The rises will be imposed by Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel, Fastmarkets heard.After this adjustment, Tisco's April tender price for high-carbon ferro-chrome will be 6,950 yuan ($1,038) per tonn...Read More

Chile launches tender for value-added lithium projects

March 25, 2019 / www.mining.com

Chile said on Monday it would shortly begin accepting bids from local and foreign companies seeking to develop battery materials within the South American nation using discounted Chilean lithium provided by top miner SQM.Chilean authorities struck a deal in January 2018 with SQM that ended a long-running dispute over royalty payments and allowed the miner to boost production from Chile's Salar de...Read More

Chinese copper scrap imports plunge by 63% in February

March 26, 2019 / www.metalbulletin.com

China's copper scrap imports in February dropped by 63% month on month and by half compared with February 2018, according to the latest Chinese customs data released on Monday March 25. China imported 64,622 tonnes of copper scrap in February 2019, a sharp drop of 63.5% from 176,900 tonnes in January. This was attributed to a fall in activity during the week-long Lunar New Year holiday in February...Read More

Brixton Metals Is Approved for Trading on the OTCQB Ticker BBBXF and Highlights Previously Unreported Drill Results From Its Hog Heaven Project in the USA

March 25, 2019 / brixtonmetals.com

March 25, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce that it has been approved for trading of its Common Shares on the OTCQB Market, a U.S. trading platform that is operated by the OTC Markets Group in New York. Effective immediately, the Company's Shares will trade on the OTCQB under the symbol BBBXF. Previously, its Shares...Read More

TSX mixed, March 18-22: Barrick, INV and Seabridge

March 25, 2019 / www.northernminer.com

Canada's benchmark index fell 0.31% to 16,089.22. The S&P/TSX Global Mining Index rose 1.4% to 75.07 and the S&P/TSX Global Gold Index rose 2.8% to 199. The gold price rose 0.85% to US$1,313.40.Shares of Barrick Gold rose 93 ? to $18.36. In March 2019 the company agreed to form a joint venture with Newmont Mining in Nevada, combining operations that in 2018 produced a total 4.1 million oz. gold. B...Read More

US markets down, March 18-22: Vale, Wheaton Precious Metals and Franco-Nevada

March 25, 2019 / www.northernminer.com

The Dow Jones Industrial Average fell 1.34% to finish the trading week at 25,502.32, and the S&P 500 Index lost 0.77% to end the week at 2,800.71. Spot gold rose US$11.10 per oz. to US$1,313.40 per oz. gold.Shares of Vale remained under pressure, falling US38 ? to US$12.82. The Brazilian iron ore miner announced on March 20 that it was suspending operations at the Alegria mine in its Mariana compl...Read More

TSX Venture rises, March 18-22: Macarthur, Luminex and Mirasol

March 25, 2019 / www.northernminer.com

Shares of Macarthur Minerals rose 100% to 10 ?. The company signed a life-of-mine offtake agreement to sell Glencore International iron ore that could be produced from Macarthur's Lake Giles iron project in Western Australia's Yilgarn region. The company later redacted several forward-looking statements that were not National Instrument 43-101 compliant, such as the value of the deal and amended s...Read More

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