Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Prices for seaborne iron ore concentrate and pellets fell in the week ended Friday January 29 amid a downtrend for the fines segment in the same week.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $185.25 per tonne, down $9.44 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $225.49 per tonne, down $3.77 per tonne Key driversSeaborne prices for iron ore fines fell steeply last wee...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday January 29.United States Prices for silicon rose for the third time in January over the assessment week to Thursday, with both domestic and global spot supply reported to be increasingly tight in the United States. Domestic producers welcomed a 7.4% preliminary duty determination on imports of Malays...Read More
The supply-driven rally in antimony prices, fueled by an ore shortage and shipping delays, continued over the past week with no ceiling in sight, markets sources said. Since the start of the year, the metal's value has risen by more than 20% for both grades."Prices are moving daily; you buy what you can get your hands on," a trader in Europe told Fastmarkets.Fastmarkets' price assessment for antim...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
Standard-grade cobalt was trading at a premium over alloy grade for the first time since February 2019 on Friday January 29 amid demand for briquettes and rallying payables for cobalt hydroxide. Some market participants had identified the potential for the standard grade price to gain ground ahead of alloy-grade in recent weeks due to demand for metal from China's cobalt salts sector, but the two...Read More
Key data from the Friday January 29 pricing session in Shanghai.Key drivers China's ex-works prices for magnesium increased on tight spot market supply after producers sold large volumes of the material on forward contracts. Sources said some downstream consumers ordered material at prices below 14,000 yuan ($2,167) per tonne and asked for the material...Read More
Glencore International has agreed a letter of intent for cobalt metal supply to battery cell producer Freyr, the company said on Monday February 1.The Swiss trader-producer will supply up to 3,700 tonnes of high-purity cut cobalt cathode produced at its Norwegian operations, Nikkelverk, to Freyr's planned facilities in Mo i Rana in Norway, it said without disclosing the time period for the intende...Read More
February 1, 2020 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce further high-grade drill results from its fall/winter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. The fall/winter program consists of 20,000m of drilling, of which 11,533.65m has been completed. Assay results for 4,881.05m has been...Read More
With a long-standing history of mining, a developed regulatory regime and prospective geology, the United States is an attractive destination for companies looking to find and develop mineral deposits. Below, we present eight companies with assets in the country.Americas Gold and SilverAmericas Gold and Silver's Relief Canyon open-pit gold mine, 153 km northeast of Reno, Nevada. Credit: Americas G...Read More
Early results from the inaugural drill program at Getchell Gold's (CSE: GTCH; US-OTC: GGLDF) flagship Fondaway Canyon gold project in Nevada "exceeded expectations" says President Mike Sieb."We were thrilled with the initial drill results as the mineralisation was exactly where we had projected it to be," Sieb said in an interview. "Not only did the drilling encounter a broad zone of mineralisati...Read More
Golden Minerals (TSX: AUMN; NYSE-AM: AUMN) has poured first gold (150 gold-equivalent ounces) from its Rodeo open pit mine in Mexico's Durango state.Mining at Rodeo kicked off in mid-January after the company received the final environmental permits for the project in mid-November 2020.Mineralized material from the Rodeo mine is processed at the company's Velardena oxide plant, about 115 km away.G...Read More
The most recent set of drill results from Maritime Resources' (TSXV: MAE) past-producing Hammerdown gold project in Newfoundland and Labrador suggests a new gold-silver discovery 150 metres east of the Hammerdown deposit. In addition, infill drilling at the Wisteria zone, along the southern edge of the deposit, returned broad gold intercepts.Assays from the new discovery, along strike from Hammerd...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesOceanaGold marks three decades of gold standard mining SPONSOREDoceanagoldWhile he looks for ways to invest BHP's massive cash flows from iron ore Henry, and other mining company chief executiv...Read More
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released the results of 20 drillholes completed along the Courvan gold trend within its Val-d'Or East property in Quebec. The expansion drill results suggest several new high-grade discoveries, the company says.At the Creek zone, deeper expansion drilling returned intercepts such as 7.5 metres of 14.8 grams gold per tonne ("the richest drill intercept ev...Read More
The China Iron & Steel Association (Cisa) has suggested preferential tax policies to stimulate domestic supply and imports of steel scrap to meet rising demand in China.For example, one method could be to increase the refund rate of the 13% value-added tax applied on the domestic prices, which buyers pay, Cisa vice president Luo Tiejun said at a press conference last week. He said that the governm...Read More
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has picked the management team for new U.S.-focused gold miner i-80 Gold Corp., a company formed as part of the $612 million (US$478 million) acquisition of Premier by Equinox Gold (TSX: EQX; NYSE: EQX).The friendly takeover, announced in December, proposed consolidating Premier's gold asset in Nevada under a new entity, headquartered in Reno.Key member...Read More
Miner and commodities trader Glencore (LSE: GLEN) has inked a preliminary deal with Norwegian battery producer FREYR to supply 3,700 tonnes of "ethically sourced" cobalt metal cut cathodes.The cobalt, which will be produced at the Swiss company's Nikkleverk facility in Norway, will be a core component in FREYR's lithium-ion battery (LIB) cells to be produced at planned facilities in the town of Mo...Read More
The Pilbara Ports Authority (PPA) issued three advisories over the weekend to clear ports in the Pilbara region in Western Australia ahead of a tropical low.The PPA said it instructed the ports of Port Hedland and Dampier to be cleared on Saturday January 30, and the Port of Ashburton the following day due to strong winds and heavy rainfall forecast across the region due to tropical low 12U.The Au...Read More
Shares in Canadian silver mining companies are posting double-digit increases as the price of the shiny white metal surges to multi-year highs driven by retail investors.Read full newsRead More