Gold Resource Corp. (NYSE American: GORO) announces that construction has begun at its Isabella Pearl open-pit heap leach gold project in Nevada. Clearing and grubbing operations began this week, and processing equipment is being readied for transport to the project site. “We target first gold production from Isabella Pearl in less than 12 months from today,” says Jason Reid, chief e...Read More
Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More
The latest news and price moves to start the Asian day on Tuesday June 19.Nickel prices on the London Metal Exchange fell on Monday June 18, closing below $15,000 per tonne for the first time since May 29, pressured by a strong dollar index and low trading volumes across the complex. Read more in our live futures report.Here are how prices looked at the close of trading:Common themes throughout th...Read More
The latest news and price moves to start the Asian day on Tuesday June 19.Nickel prices on the London Metal Exchange fell on Monday June 18, closing below $15,000 per tonne for the first time since May 29, pressured by a strong dollar index and low trading volumes across the complex. Read more in our live futures report.Here are how prices looked at the close of trading:Common themes throughout th...Read More
Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 19. Please click...Read More
Base metals on the London Metal Exchange ended trading broadly lower on Tuesday June 19, lead by a 2.2% drop in aluminium prices while nickel and zinc's three-month prices dipped 2.1%. Pressured by a surging US dollar index, which reached a fresh 2018 high of 95.30, the base metals complex traded lower throughout the day.Aluminium's three-month price recorded the largest drop of the day, shedding...Read More
The recent uptrend in prices persisted across the Chinese, European and United States' vanadium markets owing to low availability. Fob China vanadium prices rose on domestic tightness as uptrend continues European ferro-vanadium market strengthened once again amid supply concerns US ferro-vanadium market ascends on low availability Metal Bulletin assessed fob China ferro-vanadium min 78...Read More
Production curtailments at major Chinese producer Ningxia Tianyuan will continue to support manganese flake and ferro-chrome markets, market participants have told Metal Bulletin. Last month, Ningxia Tianyuan, the world's biggest manganese flake producer, cut manganese flake output by around 16,000 tonnes per month after one of its three facilities were closed for maintenance, a source at the...Read More
UC Rusal has started to export bauxite mined at Dian-Dian in Guinea's Bok?(C) province. Shipments follow the completion of the first stage of development at the deposit, which has capacity of 3 million tonnes per year of bauxite. As part of the first stage, Rusal has built the necessary roads, railway and other infrastructure needed...Read More
Seaborne and port manganese ore prices advance again on higher offers from miners and traders. Manganese ore prices up due to higher offers Alloy prices rise in China on production cuts, low inventory levels Alloy prices hold in India, EuropeFerro-manganese prices drop in US, oversupply fears take holdManganese ore prices continued rising on Friday June 15 while miners hiked offer prices and trade...Read More
The Chinese domestic ferro-silicon market has lost earlier gains as a result of slow demand outweighing environmentally driven production cuts and anticipated tighter supply. Meanwhile, the European market has been stable ahead of the third-quarter delivery settlements between alloy suppliers and consumers in the steel sector. China drops in line with demand, set to fall further in near termEurope...Read More
Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More
Production curtailments at major Chinese producer Ningxia Tianyuan will continue to support manganese flake and ferro-chrome markets, market participants have told Metal Bulletin. Last month, Ningxia Tianyuan, the world's biggest manganese flake producer, cut manganese flake output by around 16,000 tonnes per month after one of its three facilities were closed for maintenance, a source at the...Read More
Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Democratic Republic of Congo (DRC). Now it's being singled out as a beacon of commitment to efforts by state-run mining company G?(C)camines to restructure its mining sector. Switzerland-based miner-trader Glencore has settled a dispute over its Kamoto Copper Co (KCC) operation in the Dem...Read More
Further threats of US tariffs against China has spooked the markets and three-month base metals prices on the London Metal Exchange were down across the board on the morning of Tuesday June 19, with the complex down by an average of 0.5%.This adds to the weakness seen in the second half of last week.Copper led the decline with a 1.2% fall to $6,891 per tonne, followed by a 0.7% drop in aluminium (...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia were stable this week following the Eid al-Fitr break, sources told Metal Bulletin on Tuesday June 19.Buyers expect new price offers later this week or early next week. The UAE returned to work on Monday June 18, but Saudi Arabia will continue celebrating Eid until Thursday June 21. UAE traders expect offers from China to...Read More
Increased demand for hot-rolled coil and cold-rolled coil from the Commonwealth of Independent States has led to a rise in prices for the first time since early March. Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $550-565 per tonne fob Black Sea on Monday June 18, up from $535-555 per tonne a week earlier. In the three months to June 11, the average HRC export price...Read More
Chinese ferrous futures all declined during morning trading on Tuesday June 19 amid threats of a fresh round of tariffs by the United States on Chinese imports.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 3,781 yuan ($587) per tonne, down 84 yuan per tonneOctober hot-rolled coil: 3,859 yuan per tonne, down 74 yuan per tonne Dalian Commodity Exchange September ir...Read More
The CIS export wire rod market picked up in the week ended Monday June 18, with customers accepting higher prices after a positive trend emerged in the billet segment and buying activity thawed following the end of the Islamic holy month of Ramadan.Metal Bulletin's weekly assessment of export prices for CIS-origin wire rod was $575-595 per tonne fob Black Sea on Monday, up from $560-580 per tonne...Read More