Base metals on the London Metal Exchange ended the week mostly higher by the close of trading on Friday July 27, propped up by a marginal dip in the US dollar index while broad LME inventory drawdowns push prices higher. ...Read More
Comex copper prices ticked higher in the final session of the week on Friday July 27 morning in the US, amid a softer dollar and easing trade concerns....Read More
Teck Resources has sold formerly prohibited zinc concentrates from its Red Dog mine into China, a move that could lead to a more liquid global spot market for the commodity....Read More
Key data from the pricing session ending July 27....Read More
Domestic spot prices for battery-grade lithium carbonate in China have gone down week-on-week, with most producers lowering their prices to secure sales amid persistently low demand....Read More
The homebuilder and related stocks are in an "official" bear market. For a short-seller it's the perfect scenario, as the decline in homebuilder stocks has received little to no attention from the mainstream financial media. The current bubble is a "price bubble" that was fueled by the $2.5 trillion of printed money dumped into the housing market by the Fed and de facto subprime mortgages unde...Read More
Teck Resources has sold formerly prohibited zinc concentrates from its Red Dog mine into China, a move that could lead to a more liquid global spot market for the commodity....Read More
Aluminium Corporation of China's (Chinalco) massive Ningde copper smelter will commence output as early as mid-August, Metal Bulletin has learned....Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
Key data from the pricing sessions in London and Shanghai on Friday July 27. ...Read More
UK and European alloy steel scrap prices have been largely unchanged over the past week because of the seasonally slow market, sources told Metal Bulletin on Friday July 27....Read More
Nevsun's Timok copper-gold project in Serbia. Source: Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX, NYSE American], the target of a $1.4 billion takeover bid from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden], has reported a second quarter loss of US$9.3 million, or US$0.03 per share. Revenue in the quarter was US$76.4 million.Nevsun is a leading mid-tier base metals company. It operates Bisha...Read More
The UK light iron scrap market edged down this week following the same negative market sentiment from last week, after continued weakness in the Turkish market, sources told Metal Bulletin....Read More
Drilling a target on Nevada's prolific Carin trend. Source: Gold Standard Ventures Corp.Mindful that geopolitical volatility can be a major concern in the global mining space, GMP Securities LP is making the case for Nevada as one of the more stable jurisdictions for mining investment.In keeping with that theme, GMP has launched coverage of four companies with key projects in Nevada, including Gol...Read More
Global scrap prices softened in several markets in the working week from Monday July 23 to Friday July 27, often because of weak demand in the downstream long steel segments in Taiwan and Turkey.Exporters in the United States saw prices dip when their customers in Taiwan and Turkey continued to bid lower prices for their material.And the discovery of a volume of cocaine by Vietnamese authorities a...Read More
Comex copper prices ticked higher in the final session of the week on Friday July 27 morning in the US, amid a softer dollar and easing trade concerns....Read More
Domestic spot prices for battery-grade lithium carbonate in China have gone down week-on-week, with most producers lowering their prices to secure sales amid persistently low demand....Read More
Cobalt traders are taking advantage of pronounced arbitrage opportunities arising out of regional variations in price moves and buying preferences between China and Europe. In seasonally-slow summer trading, such activity has contributed to steep falls in physical prices in the international market in recent weeks. Metal Bulletin assessed low-grade and high-grade cobalt prices at $3...Read More
SASKATOON - The chief of the Federation of Sovereign Indigenous Nations says First Nations people will be hurt by the shutdowns at two uranium mining operations in northern Saskatchewan.Uranium miner Cameco Corp. says it has indefinitely extended production suspensions at its McArthur River and Key Lake operations.The extension of the shutdowns, first announced as temporary in January, means the...Read More
CALGARY - Negotiations on commercial deals to improve reliability at the problem-plagued Syncrude oilsands mine and upgrader need to "make sense for all parties," the CEO of its second-largest owner said on a conference call Friday.Rich Kruger of Imperial Oil Ltd., which owns 25 per cent of the four-decades-old project in northern Alberta, said his company is co-operating in discussions to find wa...Read More