The silicon price has been on an upward trend since 2021 and has now hit an all-time high.Fastmarkets' assessment of the price for silicon export 98.5% Si min, fob China rose to $2,350-2,450 per tonne on August 6, up by 10.4% from $2,150-2,200 per tonne on July 30. The rainy season in southern China usually signals the start of a downtrend in the Chinese silicon price because of rising...Read More
Base metals prices on the London Metal Exchange were up across the board this morning, Tuesday August 10, this after a day of weakness on Monday - once again it looks like dips are being seen as a buying opportunity.Markets focused on when central bank will start to tighten monetary policy, and to what degree will the Delta variant of Covid-19 will slow the reflation trade Base metalsLME three-mon...Read More
Increased offer prices for silico-manganese in India in the week to August 10 may stop the downward trend in the Indian silico-manganese export market, sources told Fastmarkets.Offer prices for domestic silico-manganese (60% Mn min/min 14% Si) increased to 95,000-96,000 rupees ($1,278-1,292) per tonne on Friday, from 93,000-94,000 rupees at the start of August, against renewed demand from Indian s...Read More
A summary of Finland-based stainless steel producer Outokumpu's results for the second quarter of 2021.In brief The company managed to increase steel deliveries by 20% year-on-year thanks to the improved market fundamentals in all business areas, considering that the reference period in 2020 was much weaker due to the demand slump created by the Covid-19 pandemic. Increased stainless steel prices...Read More
Centerra Gold (TSX: CG) remains "financially strong" with solid performance and a healthy outlook at its other operations three months following the Kyrgyzstan government's seizure of the Kumtor mine, says CEO Scott Perry.In its June-quarter financial report, Toronto-based Centerra noted its cash position at the end of June was up by almost US$60 million quarter-on-quarter at US$883 million.It giv...Read More
Talisker Resources (TSX: TSK; US-OTC: TSKFF) has reported very long mineralized intervals from drilling at its 100%-owned Bralorne gold project, where it is preparing an initial resource estimate due out in 2022.In the Pioneer block, Hole 2021-040 extended mineralization 140 metres down plunge and intersected 114.2 metres grading 1.02 grams gold per tonne. This represents part of a longer, 200-met...Read More
Triland Metals Ltd has resigned as a Category 1 member of the London Metal Exchange, ending almost 50 years as a ring dealing member of the exchange, the company said in a letter to its customers seen by Fastmarkets. Company chief executive officer Martin Pratt said in the letter that Triland - a 100%-owned subsidiary of Japanese conglomerate Mitsubishi set up in 1971 to hedge against price moveme...Read More
Nutrien's (NYSE: NTR) shares are trading in the black on Tuesday after the company released strong June-quarter operating and financial results and guided for full-year earnings per share well above average Wall Street expectations.The Saskatoon, Saskatchewan-based crop nutrients giant cites its strong year-to-date operating performance and significant leverage to higher fertilizer prices for the...Read More
This week's episode features Cameco's Q2 conference call with CEO Tim Gitzel, who discusses the company's ongoing challenges with low uranium prices. Despite optimistic forecasts for a uranium supply crunch, Gitzel explains how the market remains oversupplied, with the company continuing its strategy to buy uranium off the spot market to reduce available supply. He also discusses how the European...Read More
Australia's Vital Metals (ASX: VML), the first rare earths producer in Canada, has announced a trading halt until August 12 on reports of alleged negotiations to acquire two projects in Quebec, one of which is considered to be the world's fourth largest dysprosium deposit. The company, AFR reported, is said to be in final talks to acquire the Zeus project and a 68% interest in Kipawa, two rar...Read More
A new report by Wood Mackenzie predicts that the usage of aluminum, copper, and zinc in the solar power sector will double by 2040, thus prompting an increase in demand. "Base metals are an integral component of solar power systems," Kamil Wlazly, Wood Mackenzie's senior research analyst, wrote in the report. "A typical solar panel installation requires aluminum for the front frame and a combin...Read More
Following a rejection of the Grassy Mountain metallurgical coal project in Alberta from a joint review panel last month, Benga Mining has now received a second "no" - this one from the federal government.In a decision released on Friday, Jonathan Wilkinson, Canada's Minister of Environment and Climate Change, said that a review of all relevant information, including the joint panel's June 17 repor...Read More
Gold made an attempt to settle below $1675.Read full newsRead More
Exploring and Building Multi Mine Silver Assets in Idaho and British ColumbiaRead full newsRead More
Bald Eagle Gold Corp. is pleased to announce that the Company hasRead full newsRead More
Young investors should take risks if there’s a good shot at obtaining market-beating results over the long term. If the risk/reward scenario makes sense and time is on your side (you’ve got at least five years to invest), some of the higher-flying, high-growth Canadian stocks may make sense to buy, at least in part. Getting some skin in the game in a company you truly believe in over t...Read More
Is your internet slow?Do you ever just sit there, watching your cursor make an infinite loop of circles while you wait for a link to open and content to load?Does your web browser freeze up or crash when all those ridiculous video ads automatically start to play?Well it's not just you, or your computer.It's the internet.It's America's internet.It's terrible.That might seem kind of strange since we...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 11.Please click...Read More
Tin's three-month price reached yet another all-time peak of $35,795 per tonne on Wednesday August 11 on the London Metal Exchange. Most other base metals, copper being the sole exception, were also up while the US Dollar Index pulled back slightly.Months-long supply tightness and continued demand for tin meant that its three-month price has risen by 70% since the start of the year, having been $2...Read More