Seaborne coking coal prices fell on Wednesday January 2 after market participants returned to news of the suspension of operations at the Saraji coking coal mine in Queensland, Australia.The mine, operated by the BHP Mitsubishi Alliance (BMA), produced 1.1 million tonnes of coking coal in the July-September period. BMA produced a total of 7.7 million tonnes of the steelmaking raw material during t...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday January 2* Copper -$63.46 (-435.93 yuan) Aluminium -$365.78 (-2,512.79 yuan) Zinc $57.9 (397.76 yuan) Nickel $29.41 (202.04 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Wednesday January 2, pressured by a slump in Asian markets amid poor economic data while a modest recovery in US stock market futures indices did little to improve negative sentiment. Worst affected over the morning was the three-month zinc price, which fell just over 3% to trade below $2,400 per tonne and...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Fastmarkets has corrected its titanium scrap unprocessed turnings (over 0.5% max 2.0% Sn) price, which was published incorrectly on January 2, 2019 due to a reporter error. The price was originally published incorrectly at $0.85-9 per lb cif major European ports and has been corrected to $0.85-0.9 per lb cif major European ports.Fastmarkets' price book and database have been updated to reflect thi...Read More
Fastmarkets has changed the names of its benchmark in-warehouse Rotterdam cobalt price assessments on January 2, 2019. The name 'standard-grade' has replaced the name 'low-grade'. The name 'alloy-grade' has replaced the name 'high-grade'. These changes follow a market consultation on Fastmarkets MB's international cobalt price specifications completed in April 2018. All historical data relating to...Read More
All Fastmarkets minor metals free market prices are unchanged on Wednesday January 2.Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price quotation, click here.To see...Read More
Key data from the Wednesday January 2 pricing session in Europe.Key drivers The market was extremely quiet during the Christmas and New Year break, with liquidity expected to return over the following seven days. No trades were reported for either the ferro-titanium or titanium scrap markets since the...Read More
Fastmarkets is hosting a free web seminar on Tuesday January 15 at 9:30am London time to discuss recent and upcoming trends and how we price the minor metals markets.The webinar will also explain the recent changes to some of our minor metals specifications. Register here to join the webinar. Date: Tuesday January 15, 2019 Time: 9:30am London time Join our pricing team while they discuss: - R...Read More
Newly public Finland gold explorer Firefox Gold (TSXV: FFOX) recently identified five new gold targets on its Jeesio gold project in Northern Finland's central Lapland greenstone belt after compiling samples in its geochemical database.The 2,751-sample Jeesio database contains 838 new till samples from the company's recently completed bottom of till sampling program, 768 historical Geological Surv...Read More
All Fastmarkets non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday January 2.NB: prices...Read More
There will be a massive influx of copper scrap to China in the first half of this year, with market participants hurrying to secure material before the country steps up its clampdown on scrap imports in the latter half, a BMO Capital Markets analyst said. China will restrict the importing of copper scrap classified under HS code 7404000090, including category 6 copper scrap which does not require...Read More
Fastmarkets has corrected its ferrous shredded scrap Rotterdam export price, which was published incorrectly on December 21 and December 28 due to a reporter error.The price was originally published incorrectly at $376-378 per tonne fob Rotterdam and has been corrected to $276-278 per tonne fob Rotterdam. Fastmarkets price book and database have been updated to reflect this change.To provide feedb...Read More
by Robert KientzSummaryI discuss the recent streaming deal with Northern Vertex CEO Ken Berry.We also go over the $8 million private placement.During the interview, we cover extensively the accomplishments for 2018 as well as the options the company has to expand production and acquire new assets.I analyze the optionality for both companies, Maverix and Northern Vertex.I discuss why this deal, alo...Read More
Gold rallied substantially toward the end of 2018, and it's now trading at close to US$1,290 per ounce. This can be attributed to rising uncertainty concerning the global economic outlook and greater geopolitical risk fueled by Trump's erratic approach to policy making. That notable increase sees the yellow metal up by around 1% over the last year and has been a boon for gold miners.Despite gold's...Read More
by Robert KientzSummaryI discuss the recent streaming deal with Northern Vertex CEO Ken Berry.We also go over the $8 million private placement.During the interview, we cover extensively the accomplishments for 2018 as well as the options the company has to expand production and acquire new assets.I analyze the optionality for both companies, Maverix and Northern Vertex.I discuss why this deal, alo...Read More
The company said in early December the Ethiopian government would formally sign off on its resettlement plan, project financing and construction schedule for the gold project "in the coming weeks". Sign-offs are needed for these on top of the mining licence, which Kefi got in 2015. The company now says this round of approvals will be done by the end of January."We reported that we expect...Read More
The Vancouver Resource Investment Conference (VRIC), to be held on January 20-21, is shaping up to be the largest show in six years, organiser Cambridge House International CEO Jay Martin told MiningRead More
Gold and silver looking good, still, so far… Remember, in a “legit bull market” for precious metals, silver will lead gold…This separation fits the description, but will need to widen considerably, with silver outperforming gold significantly, for a true bull market to be in play…The gold-to-silver ratio will need to fall sharply as well, from current levels (80 and a...Read More