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
The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More
Key data from the February 26 pricing session in London.Key drivers:Prices drift lower amid less active inquiries, leaving oxide sellers content to accept bids near the lower end of the previous quotes. Bids below...Read More
Turkish steel producers continued to make deep-sea scrap bookings at firming prices on Friday February 26, market sources said.A steel mill in the Marmara region booked a United Kingdom cargo comprising HMS 1&2 (80:20) at $454 per tonne and shredded and plate and structural (P&S) at $464 per tonne cfr.The same mill also booked a Baltic Sea cargo consisting of HMS 1&2 (80:20) at $452.50 per tonne a...Read More
Spot prices in the key Vietnamese scrap import market rebounded strongly during the week to Friday February 26, even though buyers with inventories were not actively purchasing due to high prices and the narrow scrap-billet spread, according to market sources.Japanese H2 was offered at $440-445 per tonne cfr Vietnam in the early part of the week, up $20 per tonne week on week. But offers increased...Read More
Prices for containerized ferrous scrap into key import market Taiwan have increased on the back of higher bunker prices, freight rates and strong demand from buyers for containerized cargoes due to a dearth of berthing spaces for bulk-shipment cargoes. Fastmarkets' daily price assessment for containerized steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $425-430 per...Read More
The European Commission has started an investigation on the possible extension of existing safeguard measures into 26 steel product categories imported into the European Union, the EC said on Friday February 26. The safeguard measures were imposed for an initial period of three years and will expire on June 30, 2021. The measure currently in force consists of a tariff-rate quota based on hist...Read More
There are substantial gold resources in Central Newfoundland, people have just been slow to find them. Sokoman Minerals Corp. (TSXV:SIC) has doubled down on the Moosehead drilling program and added a second drill to unlock them.Company president and CEO Tim Froude compares Central Newfoundland to another famous gold camp. "It's at the point that Timmins was in 1910. The dawn of gold in Newfoundlan...Read More
The U.S. Army Corps of Engineers has accepted the request of Northern Dynasty Minerals (TSX:NDM) to appeal the latest refusal to grant a water licence to the Pebble copper-gold-molybdenum project. The Corps issued a negative Record of Decision in November 2020, the latest in a long line of permitting delays.Northern Dynasty has taken the position that the 'significant degradation' finding by the C...Read More
Vale - the largest supplier of iron ore pellets and a trendsetter in the global market - has again hiked its premiums for blast furnace (BF) and direct-reduced (DR) pellets up for the second quarter of 2021, Fastmarkets understands.Vale settled its BF pellet premium for the second quarter of 2021 at $52 per tonne, compared with a first-quarter 2021 premium of $40 per tonne, Fastmarkets learned.Val...Read More
Auteco has the right ingredients with PickleSPONSOREDauteco mineralsAzure's Western Australia nickel success could get golden hueSPONSOREDazure mineralsHot Chili knock, knock, knockin' on tier 1 doorSPONSOREDhot chiliMegatrends 2035: How expansion of megacities will impact demand for commodities?EUR
Satori Resources (TSXV:BUD) has received the permits needed to begin drilling at its wholly owned Tartan Lake gold mine near Flin Flon, Man. Work has already begun on repairing the access road, drilling tenders are out for quote, and technical staff is being hired.The plans call for a 3,200-metre diamond drill program that targets the down-plunge continuation of the Main zone vein system. Satori n...Read More
Successful people make successful mines. And some of the best have come together to create Mayfair Gold (TSXV: MFG) and unlock the true value of the Fenn-Gib gold property in the Timmins camp, the company says.Under the leadership of CEO Patrick Evans, Mayfair is launching its initial public offering in late February to raise as much as $20 million for drilling and related work at the property. Sh...Read More
In the future, mining companies will need to develop new business models that account for the increasing re-use and recycling of metals and minerals as the world moves towards a "circular economy."That was the key takeaway from a panel discussion on the circular economy at this week's Global Mining Symposium. Moderated by Anthony Vaccaro, group publisher at The Northern Miner, the panel included A...Read More
Lucara Diamond Corp. (TSX:LUC) anticipates incurring debt of between US$150 million and US$200 million towards the US$514-million underground expansion of the Karowe diamond mine in Botswana. The Vancouver company has already initiated discussions with potential lenders, and hopes to secure funding in the second half of this year. The balance of the project will be funded by cash flow from current...Read More
The resource expansion drill program completed at the Brucejack mine has returned high grade gold for Pretium Resources (TSX:PVG; NYSE:PVG). This is the first expansion drilling project since the mine began production in 2017.High grades were drilled in three new areas of the North Bock zone, including four assays above 1,000 grams gold per tonne. The results include intercepts up to 300 meters fr...Read More
Wolfden Resources (TSXV:WLF) has begun a 2,300-metre, six-to-eight hole diamond drilling program at its 100%-owned Rice Island nickel-copper-cobalt-platinum group deposit near Snow Lake, Man. The work is being done with the support of a $230,000 grant from the Manitoba government's Mineral Development Fund.The Rice Island sulphide deposit is comprised of a 'keel' of higher grade mineralization tha...Read More
Sabina Gold & Silver (TSX: SBB) has released an updated feasibility study on a combined open pit and underground development at the Goose property within its Back River gold project in Nunavut, 520 km northeast of Yellowknife. The engineering study proposes a 15-year operation, starting up at an initial processing rate of 3,000 tonnes per day and expanding to 4,000 tonnes per day by the end of yea...Read More
The single largest use of rare earths is in the manufacture of permanent magnets used in wind turbines, the drive train of hybrid and electric vehicles, and energy-efficient applications, and currently accounts for 29% of total global demand for REEs, says David Merriman, an expert on rare earths at Roskill."As we transition to a low-carbon global economy, the demand for permanent magnets will onl...Read More
The US Department of Energy's Lithium-Ion Battery Recycling Prize granted Everledger, HP, Call2Recycle and Fairphone a $357,000 cash award so that the group can continue working on a project called "Closing the loop on portable lithium-ion batteries." The initiative aims to help the DoE capture 90% of all discarded or spent lithium-based batteries in the United States for the eventual recovery...Read More
Legendary investor Rick Rule joins us to discuss the precious metals, the ongoing #SilverSqueeze movement and the inner workings of the Sprott-managed PSLV. ...Read full newsRead More