The coking coal market in China inched up on Thursday July 22 due to necessary procurement demand from steel mills. The fob coking coal market also increased with firm buying interest for cargoes loaded in August and September, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $214.14 per tonne, up $3.06 per tonnePremium hard coking coal, cfr Jingtang: $310.53 per tonne, up $1.22...Read More
The world's largest carbon trading market is slowly gaining momentum and will eventually be a key component of China's ferrous industry, market sources told Fastmarkets this week.China kicked off nationwide carbon trading on July 16, with mostly thermal coal-fired power plants participating on the first day. Companies can buy carbon emission quotas from the market, while those with lower emissions...Read More
Seasoned Industry Executive Kevin Francis Appointed to VP Exploration and Technical ServicesCK Gold Project Development Remains on Schedule for Release of its PFSELKO, Nev., July 22, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, today announced that Kevin Francis has joined the Company as Vice President - Exploration and Technical...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...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...Read More
Domestic and export prices for Chinese stainless steel prices rose sharply over the week ended Wednesday July 21 on tight supply, which led to increased expectations of an export tariff to ease the shortage.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 19,000-20,100 ($2,939-3,109) per tonne, up by 1,000-1,300 yuan per tonne from a week earlierPrices have risen to their hi...Read More
Fully integrated US-based steel producer Cleveland-Cliffs has reported record operating and financial results for the quarter ended June, but earnings missed analyst expectations, sending the New York-quoted stock nearly 8% lower in early morning trade.Cleveland-Cliffs said adjusted earnings came in at $1.46 per share, well ahead of the 28c per share reported in the corresponding quarter a year ea...Read More
Eldorado Gold (TSX:ELD; NYSE:EGO) has bought an 11.5% stake in Quebec-focused explorer Probe Metals (TSXV: PRB; US-OTC: PROFB) in a deal worth about $23.7 million (US$18.9 million).The acquisition of 15.04 million common shares of Probe at $1.575 each follows the friendly takeover earlier this year of QMX Gold, another junior with assets in Quebec's resource-rich Abitibi Greenstone Belt.The buyout...Read More
Canada's Deep-South Resources (TSXV: DSM) is taking the Namibian Ministry of Mines and Energy to court as it refused in June to renew the company's prospecting licence for its Haib copper project.The Vancouver-based miner had warned it would contest the decision "by all means necessary" as it said it had clearly demonstrated that it had met all the criteria to justify a renewal.The application, wh...Read More
Solaris Resources (TSX: SLS: US-OTC: SLSSF) has made a new discovery within its Warintza copper project in southeastern Ecuador.The Warintza project is adjacent to the national highway that runs north-south along a mineral belt that hosts Lundin Gold's (TSX: LUG) Fruta del Norte mine and a Chinese consortium's Mirador mine, about 40 km to the south."All told, this belt is estimated to host tens of...Read More
Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesChief executive Paul Mulder began his presentation at an investment conference last week by grandly declaring a focus on PNG...Read More
Tight market conditions in Europe and soaring prices in China buoyed prices in the European ferro-chrome markets in the week to Tuesday July 20, given the likelihood that metal will be attracted to the Chinese country.Fastmarkets' price assessment for ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe narrowed upwards by 4 cents (1.4%) to $1.34-1.55 per lb Cr on July...Read More
FPX Nickel (CVE: FPX) CEO Martin Turenne joined Steve Darling from Proactive to share details on the company adding two people to their team as they move for...Read full newsRead More
A.I.S. Resources Limited announces after successful financingRead full newsRead More
Agnico-Eagle Mines (TSX:AEM)(NYSE:AEM) is starting to look like one of the best gold stocks to buy in 2021. A 15% pullback year to date presents an opportunity to buy the stock at a relative discount. The surge in inflation should push all gold stocks higher. Here’s a closer look. Gold stocks as inflation hedgesGold has always been considered a safe haven. In theory, the shiny yell...Read More
I was basking in the sunshine, top down in my Jeep Wrangler with my daughter in the back seat. All of a sudden, the engine light came on and the car began lurching violently. Thankfully I was within striking distance of a parking lot and was able to drift the felled beast into a nearby spot. Crisis averted, for now.Now, I keep my Jeep in pristine condition - outside of some child-related smoothie...Read More
You can’t peg a stock as “small” based solely on its price tag, and it’s also a significantly less critical “metric” compared to the valuation of the stock (whether it’s over or undervalued). But sometimes, it’s a good idea to look into relatively cheap stocks — i.e., stocks with a single-digit price tag. This allows you to buy more shares with...Read More
Volatility is once again picking up in the markets. For long-term investors concerned about the potential for a correction from these levels, gold stocks are excellent places to look for diversification.Indeed, gold and gold miners tend to be a very safe place to hide in times of trouble. Adding a little defensive exposure in overheated markets is something that may help boost near- to medium-term...Read More
Jul 23, 2021 Guest(s): Sean Roosen CEO, Osisko Mining Earlier this month Osisko executives filed a $250 million prospectus to form Osisko Green Acquisition.Sean Roosen will be chair and CEO of the newly-formed business, which is raising $250 million and intends to acquire one or more businesses within 18 months in the battery material sector.Roosen said past success is creating overall momentum....Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More