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Glencore grants $10 million in support to Falco Resources
Glencore is providing Falco Resources with $10 million bridge funding that will help the company move forward with its flagship Horne 5 VMS warehouse in Quebec. The companies have also entered into agreements to withdraw copper and zinc from the mine, which will see...
Overview Market Close – October 27, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,463.19 -222.19 -0.80% S&P 500 INDEX 3,390.68 -10.29 -0.30% NASDAQ COMPOSITE 11,431.35 +72.42 +0.64% NYSE COMPOSITE INDEX 12,817.87 -118.51 -0.92% S&P/TSX COMPOSITE INDEX 16,020.94 -58.61 -0.36%...
South African government approved a new export tax on chromium exports
The South African government (SA) has approved an export tax on chromium ore, although the percentage has not yet been announced. According to Minister Jackson Mthembu, the interventions include the proposed introduction of the export tax on chromium ore, the use of...
China’s finished steel demand will increase by 5% in 2020
Luo Tiejun, vice president of China Iron & Steel Association (CISA) said that demand for Chinese steel fell 30% year-on-year in the first quarter of 2020 due to the pandemic, as construction and production activities slowed substantially, but demand from...