China's hot-rolled coil exporters maintained their offers amid domestic price gains on Thursday April 4, despite low demand among overseas buyers.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($580-581) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,840-3,860 yuan per tonne, up 50 yuan per tonneDomestic prices continued to receive support from the strengthening iron ore market ups...Read More
Base metals prices on the London Metal Exchange edged lower during morning trading on Thursday April 4, hindered by poor risk appetite among European investors while a slump in German industrial production continues to indicate economic uncertainty. Over the March period, German industrial orders fell by 4.2% which is the sharpest fall since January 2017. Concerns over the health of the German eco...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corp"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesCEO Ivan Arriagada said the full proj...Read More
Zinc prices on the Shanghai Futures Exchange outperformed with an increase of 1.1% during morning trading on Thursday April 4 amid optimism over US-China trade talks and the metal's solid fundamentals.Hopes of an imminent trade deal between the United States and China had boosted sentiment across commodities markets, including those for the base metals, on Wednesday. "Sentiment in the base metal s...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumCEO Alberto Lavandeira said Atalaya had delivered the majority of its key performance indicators ahead of or in line with expectations, whic...Read More
With the annual Minor Metals Trade Association (MMTA) conference kicking off on Tuesday April 9 in Edinburgh, Scotland, Fastmarkets looks at the price moves in the minor metals complex since last year's conference. There is a general bearish mood in the minor metals complex heading into the conference this year in contrast to last year's multi-year highs set in most of the markets. Most of the min...Read More
Cobalt market participants have been keeping an eye out for potential non-industrial buying, such as stockpiling from China's State Reserve Bureau (SRB), since global metal prices slid to two-year lows at the beginning of this year.A spotlight has been cast on the Chinese bureau ever since it carried out extensive research into major Chinese producers' products and output in the first quarter of t...Read More
Eastern promise for PolarXSPONSOREDpolarxThe key to this transformation is deploying the incline block-cave mining method in the relatively modest-sized Papamono mine.Read More
Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-warehouse, $ per lb In light...Read More
Metals traders in Switzerland are feeling the brunt of a pullback from trade financing activities by banker Credit Suisse, after a 2018 deal turned sour and left the bank less keen to be exposed to the high-risk, low-margin commodities business.The Zurich-based bank is a principal supplier of financing to Switzerland's commodities trading community, from crude oil to copper concentrates to alumini...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point in pre-opening trade.Index futures were virtually unchanged following released of the Weekly Jobless Claims report at 8:30 AM EDT. Consensus was an increase to 219,000 from upwardly revised 212,000 last week. Actual was 202,000.Tesla dropped $26.96 to $264.70 after the company delivered lower than expected fir...Read More
China's stainless steel sellers cut their prices over the past week following the reduction of the country's value-added tax rates. Fastmarkets MB's domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,400-14,800 yuan ($2,145-2,205) per tonne including VAT for the week ended Wednesday April 3, down 100 yuan per tonne from a week earlier.The VAT...Read More
Happy tax season!Or should I call it spam season?Maybe you’ve noticed the number of spam phone calls have picked up recently.Well... I’m here to tell you that the uptick is directly related to tax season.That’s because fake IRS calls are one of the easiest (and most lucrative) scams out there.If you’re unfamiliar, IRS scams usually involve fraudsters posing as agents callin...Read More
Living healthy isn’t always cheap. Everything from gym memberships or personal trainers to buying organic produce comes at a cost. When you’re living on a fixed income as you plan for retirement, you don’t want to be spending a lot of money on what could be considered luxuries. If you’re not maintaining a healthy lifestyle, you might be limiting your enjoyment of those all-...Read More
For more than a decade, investors have pumped cash into index funds and other passive investment vehicles, much to the dismay of active managers.The dollar amounts involved are staggering.As a result, the share prices of publicly traded active asset managers have struggled.But what we all need to remember is that the popularity of passive and active investments is very cyclical. And this cycle is...Read More
A team of graduate students from Colorado School of Mines took first place in the Rocky Mountain section of the Imperial Barrel Award Program, earning a spot in the world finals this May.More than 250 teams from 50 countries around the world participate every year in the prospective basin evaluation competition, organized by the American Association of Petroleum Geologists (AAPG). One winner from...Read More
Most refined cobalt used in the electric vehicle market is produced in Asia, but First Cobalt (TSXV: FCC; US-OTC FTSSF) intends to start refining the metal into battery-grade cobalt sulphate at its refinery in Ontario, after positive test results at SGS's lab in Lakefield that replicated the refinery's circuits and flowsheet.The product, refined in a single batch in the lab, assayed 20.8% cobalt,...Read More
The following is an edited release from the International Copper Study Group (ICSG) showing preliminary data for world copper supply and demand for 2018. For more detailed information, visit www.icsg.org.Mine productionPreliminary data shows that world mine production is estimated to have increased 2.3% in 2018, with concentrate production rising 2.2%, and solvent extraction-electrowinning (SX-EW)...Read More
New assays from four holes Anaconda Mining (TSX: ANX; US-OTC: ANXGF) drilled as part of its metallurgical drill program at its Goldboro gold project in Nova Scotia confirm the continuity of several high grade zones over as much as 40 metres.The drilling focused on the project's EG gold system. Highlights from the program include 42.85 grams gold over 3.8 metres from 66 metres downhole including 31...Read More
Not-so-good news about higher costs and capex estimates in an updated prefeasibility study this week for Alacer Gold Corp.'s (TSX: ASR; ASX: AQG) Gediktepe project in Turkey were partly offset by good news of a 117% jump in the project's indicated resource.Gediktepe's Ardich deposit is about six km northeast of Alacer's 80%-owned ????pler open-pit mine and is the company's highest priority develop...Read More