China's domestic rebar prices were flat on Thursday February 4, but some participants are expecting prices to come under pressure from rising market inventories after the Chinese New Year holiday. DomesticEastern China (Shanghai): 4,280-4,300 yuan ($663-666) per tonne, unchangedRebar inventory levels in 20 major cities in China totaled 4.56 million tonnes in late January, up by 930,000 tonnes (25....Read More
Base metals prices on the London Metal Exchange were mainly weaker, while those on the Shanghai Futures Exchange were mainly firmer this morning, Thursday February 4, with the weaker dollar likely weighing on dollar-denominated prices.Along with a stronger US Dollar Index, US 10-year treasuries yields are stronger too......suggesting risk-on, but broader markets not reflecting that this morningAsi...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade, in-whs...Read More
The European titanium scrap market resumed its six-month long rally over the week to Wednesday February 3 after a brief pause, with ferro-titanium suppliers set to hold their offer prices in the near term ahead of second-quarter demand from steelmakers, market sources told Fastmarkets.Both titanium scrap markets that Fastmarkets assesses have jumped about two-fold in the past six months.Fastmarket...Read More
Key data from the pricing session in London on Wednesday January 3..Key drivers Prices in Europe found support following continuous gains in China starting from early January. Producers were raising their offers and resisting lower bids, with all offers above $3 per lb.The higher offers were said to be a result of logistical disruptions in the bismuth production hub in Hunan provinc...Read More
Key data from the Wednesday February 4 pricing session in London and Shanghai.Key drivers The cobalt hydroxide payable indicator continued to edge high after a persistent surge in downstream cobalt sulfate prices translated into heightened willingness among buyers to accept higher offers from...Read More
In a reversal of fortune, Ferroglobe Plc expects to show $33 million of cashflow when it releases its 2020 financial results, the Western Hemisphere's biggest silicon producer told investors in a call on Wednesday February 3."Adjusted Ebitda for the full year 2020 is expected to be positive $33 million, which compares with negative $37 million for the full year 2019," Marco Levi, Ferroglobe's chie...Read More
A summary of the financial results for Finnish stainless steelmaker Outokumpu for the fourth-quarter and full year of 2020.In briefSales in 2020 were only 3% lower than 2019, but earnings fell due to significantly lower prices in Europe during the Covid-19 pandemic A stronger-than-expected market recovery in the fourth quarter pushed earnings up from ?,?10 million to ?,?30 million quarter on quart...Read More
China's domestic stainless steel prices widened downward in the week to Wednesday February 3 because some traders were looking to conclude more sales before the Chinese New Year.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,900-15,900 yuan ($2,307-2,461) per tonne, widened downward by 200 yuan per tonne from a week earlier. End-user demand for stainless CRC is expected...Read More
Northisle Copper and Gold (TSX: NCX) has released an updated preliminary economic assessment on a 22-year, 75,000 tonne-per-day open pit development within its North Island project at the north end of Vancouver Island in B.C. The study latest "confirms that the North Island project is one of the most attractive copper-gold porphyry projects in Canada," the company stated in a press release. The p...Read More
In the wake of the GameStop/Reddit saga, North American market manipulation is once again the topic du jour; that the rules of the game vary by player- institutional versus retail investor, hedge fund versus little guy - is clear, highlighted by the fact that once again, big finance has won. Deemed too important to fail, the latest bail out of Wall Street, this time, ironically, thanks to brokerag...Read More
Incorporating Environmental, Social, and Governance (ESG) criteria into investment decision making was one of the most talked about investment strategies of 2020 and one that continues to be amplified as the markets - and society at large - grapple with a global pandemic.Companies are under increased scrutiny for their environmental impact and their actions as corporate citizens across all industr...Read More
Key data from Fastmarkets' pricing session in China on Wednesday February 3.Key drivers Aluminium prices on the London Metal Exchange drifted lower this past week, pressuring China's aluminum alloy ADC 12's export price; the LME three-month daily official aluminium price was at $1,972 per tonne on Wednesday, down by 1.6% from $2,003.50 per tonne a week earlier. Buyers in Japan adopted a wait-and-s...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldSome of the strongest equity returns in the past year have come from so-called concept stocks driven by intuitive appea...Read More
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has scored a temporary, but key win in its ongoing dispute with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) over funding of the vast Oyu Tolgoi copper-gold-silver mine in Mongolia.The temporary relief granted to the Vancouver-based miner in the arbitration proceedings against Rio Tinto, prevents the mining giant from restricting Turquoise Hill's talks...Read More
The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.US President Joe Biden's executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced...Read More
Silver is tumbling back to earth after surging to 11-year highs on Monday, but plenty of options traders are betting on the rally to rebound.Read full newsRead More
City had been expecting higher offerRead full newsRead More
Bill Powers of Mining Stock Education profiles FPX Nickel, which is exploring the Baptiste nickel deposit in the Decar nickel district in British Columbia.Read full newsRead More