Seaborne iron ore prices were largely rangebound on Monday October 19, with sentiment still weak, market participants told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.53 per tonne, up $0.45 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.90 per tonne, up $0.26 per tonne58% Fe fines high-grade premium, cfr Qingdao: $110.44 per tonne, up $0.17 per ton...Read More

The world's largest ferrous scrap market is set to get a boost from the impending launch of a futures contract on China's Dalian Commodity Exchange (DCE).The scrap futures contract will be based on shredded scrap, which is one of the key steelmaking raw materials for steel mills in China and can be used by all kinds of furnaces, DCE senior manager Yang Shuai said at an industry conference in south...Read More

Seaborne iron ore pellets performed better than concentrate in the week ended Friday October 16, with import hurdles for Australian coking coal resulting in increased demand for the former, according to sources.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $130.64 per tonne, down $0.40 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $147.32 per tonne, up $3.66 per tonne.Key driv...Read More

China's hot-rolled coil prices were stable in the domestic market on Monday October 19, but some short-selling traders signed deals to Vietnam at prices below the market average.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($580-581) per tonne, unchangedPrices for HRC in the Eastern China region were steady on Monday amid moderate trading, several Shanghai-based traders told Fastmarkets.Down...Read More

Queues that have built up for aluminium at London Metal Exchange-registered warehouses in Port Klang, Malaysia are not structural queues, but reflecting real physical market conditions, the exchange chief executive said. Speaking at the LME Week seminar on Monday October 19, Matthew Chamberlain said the situation is very different to the large queues that built up on the LME network previously. "W...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 transparency into the markets it covers and the pricing process it...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly firmer this morning, Monday October 19, supported by economic data out of China, especially the 6.9% rise in industrial production, but gross domestic production (GDP) data came in lower than expected.China's GDP climbed by 4.9% in the third quarter, this after a 3.2% rise in the second quarter, it had been e...Read More

Key data from the Friday October 16 pricing session in Shanghai. Key drivers Export price jumps after deals were concluded within the new range. Offers above the latest range were also heard. Domestic market continues to strengthen, which is lending support to the export market. Chinese producers are holding back...Read More

Citic Metal, the exclusive sales agent in China for ferro-niobium from Companhia Brasileira de Metalurgia e Minera????o, has maintained its quarterly price for October-December at 205,000-225,000 yuan ($30,562-33,544) per tonne, flat quarter on quarter, market sources told Fastmarkets. The latest price is equivalent to around $47-51.59 per kg, according to Fastmarkets' calculations. Fastmarkets do...Read More

Hebei Steel, China's second-largest steel mill, has finalized its purchase price for October-delivery silico-manganese at 6,130 yuan ($914) per tonne, market participants told Fastmarkets on Monday October 19. The latest price is 200 yuan per tonne lower than the mill's purchase price of 6,330 yuan per tonne for September-delivery cargoes. The price from Hebei Steel, which is for cargoes delivered...Read More

The Northern Miner is profoundly honored to be joined by one of the world's foremost and respected economists, David Rosenberg, at its third virtual event of 2020, the Global Mining Symposium, which will be held on Nov. 10 and Nov. 12.Rosenberg is chief economist and strategist at Rosenberg Research & Associates, and will be a keynote speaker at the event.Rosenberg established the economic consult...Read More

The latest drill results from Kirkland Lake Gold's (TSX: KL; NYSE: KL) Macassa mine in Ontario include 'exceptional' gold grades and suggest potential for resource and reserve additions in three areas of the underground mine.The 135 drill holes reported are from the south margin of the South Mine Complex (SMC), the Lower SMC area (LSMC), and the Amalgamated zone.The producing SMC returned some of...Read More

Lundin Mining (TSX: LUN) will suspend operations at its Candelaria copper mine in Chile after failing to reach a deal with a second union, representing about 550 workers, which will stop working on Oct. 20.AOS Union's decision to walk out follows an unsuccessful mediation and comes on top of an ongoing strike by the Mina Workers Union, which began on Oct. 8."Illegal and violent actions promoted un...Read More

Canadian miner Kinross Gold (TSX: K; NYSE: KGC) is said to be studying a sale of its gold mines in North and South America and moving its primary stock listing to London in a bid to increase the company's value.The Toronto-based gold producer is also considering doubling down on its portfolio of assets in Russia and West Africa, The Globe and Mail reported, citing three unnamed sources familiar wi...Read More

With rising prices, a favourable supply-demand outlook and few new mines in development, investors are paying close attention to copper. Here are eight companies developing the next generation of projects.Arizona MetalsLooking northeast at drill rigs at Arizona Metals' Kay mine project, Yavapai County, Arizona. Photo Credit: Arizona Metals.Arizona Metals (TSXV: AMC) wholly owns the Kay Mine and Su...Read More

The S&P/TSX Venture Composite Index fell 0.95%, or 6.94 points, to finish the Oct. 12-16 trading week at 725.31. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per oz., and the S&P/TSX Global Gold Index fell by 1.20% to 364.79.Solaris Resources posted the largest value gain of the trading week, jumping 82 ? to $5.05 per share on no news. The company last issued a press release at the...Read More

The Dow Jones Industrial Average rose 0.07% to finish the week at 28,606.31, and the S&P 500 climbed 0.19% to 3,483.81. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per ounce.Barrick Gold fell US48 ? to US$27.57 per share. The company announced it was moving ahead with plans to extend the life of its Hemlo gold mine in Ontario by transitioning the project from open-pit mining to a...Read More

The S&P/TSX Composite Index fell 0.75% to 16,438.75 during the Oct. 12-16 trading week. The S&P/TSX Global Mining Index declined by 1.61% to 96.52, and the S&P/TSX Global Base Metals Index climbed 0.78% to 103.67. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per oz., and the S&P/TSX Global Gold Index fell by 1.20% to 364.79.Endeavour Mining rose $1.49 to $35.28 per share. The compa...Read More

Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfootBiden's green credentials and commitment to re-join the Paris climate change treaty may not mean too much for day-to-day m...Read More