Seaborne iron ore market saw higher fixed-price transactions on Monday February 26 amid a strengthening Chinese steel market, but premiums have fallen compared with pre-holiday levels due to a higher availability of cargoes.Key drivers The Tangshan government's plan to extend steel production caps beyond the winter heating season, though still yet to be decided, continued to bolster steel prices b...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of 61% Fe Pilbara Blend fines, sold at...Read More
Silicon prices in China and Europe were stable over the past week amid a lull in trading activity, with a number of Chinese participants yet to return to the market following the weeklong Lunar New Year break which ended on Wednesday February 21.Metal Bulletin's Chinese grade 553 silicon metal export price stood at $2,000-2,050 per tonne on February 23, unchanged from the previous week's assessmen...Read More
First impressions are that we are off to a bullish start to the week, with the base metals prices on the London Metal Exchange up by an average of 0.6% this morning, Monday February 26.Nickel and lead prices lead the way with gains of 0.9%, followed by zinc and copper prices that are up by 0.6%, with the latter at $7,155 per tonne, while tin and aluminium prices are up 0.4% and 0.3% respectively....Read More
Summary of China's minor metals exports and imports in January 2018.Unwrought bismuth metal exports Month total: 344 tonnes On month: +48.28% On year: +212.74%* Wrought bismuth metal exports...Read More
China's stainless flat steel exports rose sharply in January amid lower prices. China exported 285,300 tonnes of stainless flat steel products, up 64,903 tonnes - or 29% - from 220,397 tonnes a year earlier, according to Chinese customs data released last Saturday February 24. Last month's volume is also up 33,453 tonnes...Read More
China's ferrous futures surged in the early hours of morning trading on Monday February 26 on news of more steel production cuts in Tangshan, though the contracts - especially those for iron ore and coking coal - corrected before the end of the session.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 4,013 yuan ($633) per tonne, up 1 yuan per tonne May hot-rolled coil:...Read More
China's imports of iron ore rebounded to the second highest ever in January while those for coking coal fell to a seven-month low. Exports of scrap surged on the year, while those for coke, which include semi coke, contracted.[Editor's note: This table has been amended...Read More
China's imports of iron ore rebounded to the second highest ever in January while those for coking coal fell to a seven-month low. Exports of scrap surged on the year, while those for coke, which include semi coke, contracted.[Editor's note: This table has been amended...Read More
China's imports of iron ore rebounded to the second highest ever in January while those for coking coal fell to a seven-month low. Exports of scrap surged on the year, while those for coke, which include semi coke, contracted.[Editor's note: This table has been amended...Read More
China's imports of iron ore rebounded to the second highest ever in January while those for coking coal fell to a seven-month low. Exports of scrap surged on the year, while those for coke, which include semi coke, contracted.[Editor's note: This table has been amended...Read More
The space race is on and the payoff is an untold cache of precious metals, large enough to completely dwarf the world’s biggest mining companiesBy Ian MadsenSenior Research FellowFrontier Centre for Public PolicyWhile not literally pie in the sky, asteroid mining used to be science fiction. It’s getting closer to reality.Various private space companies have focused on launching satelli...Read More
Vancouver, British Columbia, Canada – Monday, February 26, 2018 – Canada Zinc Metals Corp. (“Canada Zinc Metals” or “the Company”, TSX Venture Exchange: CZX) is pleased to announce the Company has been selected to participate in the Corporate Presentation Forum for Investors at the upcoming PDAC 2018 Mining and Investment Conference, to be held at the Metro Toro...Read More
For best results when printing this announcement, please click on link below: Vancouver, Feb. 25, 2018 (GLOBE NEWSWIRE) --Lucara Diamond Corp. ("Lucara" or the "Company") wishes to announcethat effective today, William Lamb will be retiring as Lucara's ChiefExecutive Officer and stepping down from the Board of Directors. Eira Thomas,a founder and director of the Company will be assuming the...Read More
* Newcrest raises exposure in Ecuador* Miner to buy 27.1 pct stake in Lundin for $250 million* Deal includes JV to tap Ecuador explorers (Adds analyst comment, detail)MELBOURNE, Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth. The sta...Read More
For best results when printing this announcement, please click on link below: Vancouver, Feb. 25, 2018 (GLOBE NEWSWIRE) --Lucara Diamond Corp. ("Lucara" or the "Company") wishes to announcethe acquisition of Clara Diamond Solutions Corp. ("Clara"), a companywhose primary asset is a secure, digital sales platform that will transformhow rough diamonds are sold, unlocking value for diamond producers...Read More
Feb 26 (Reuters) - Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake Canadian miner Lundin Gold Inc . Newcrest said the total $400 million to be raised by Lundin Gold would be used to develop Lundin's Fruta del Norte gold mine in Ecuador.Newcrest also said it signed a joint venture with Lundin to earn up to 50 percent direct interest in eight Ecuadoran ex...Read More
Fed to Stay the Course, At Least Until Next WeekToday the Federal Reserve released its "Monetary Policy Report" to members of the Senate and House of Representatives. The summary indicated that the economy as well as the labor market continues to grow, and inflation remains below their long-term objective of 2%.According to today's report, "Economic activity increased at a solid pace over the seco...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Kitc...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy. (Ki...Read More