- Pre-Feasibility Study (PFS) is well-advanced for completion by end of 2021-Company is well-positioned for a gold rally with exceptional opportunities at Keystone and Maggie Creek Projects in Nevada and Challis Gold Project in IdahoCHEYENNE, Wyo., Oct. 21, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) ("U.S. Gold" or the "Company"), a gold exploration and development company, today announc...Read More

Iron ore prices were largely down on Thursday October 21, following the bearish mood in terms of steel prices and demand, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.93 per tonne,down $7.14 per tonne62% Fe low-alumina fines, cfr Qingdao:  $118.68 per tonne,down $6.53 per tonne58% Fe fines high-grade premium, cfr Qingdao:  $88.98 per tonne,down $5.99 per tonn...Read More

A summary of the third-quarter iron ore production results from 2021 from Anglo American, published on Thursday October 21.In brief ?EUR?Iron ore production increased by 15%, driven primarily by a 22% increase at Minas Rio and partially by a 11% increase at Kumba. ?EUR?Total production at Kumba increased, reflecting the improved processing plant availability and reliability. ?EUR?Production at...Read More

Seaborne coking coal cfr prices increased following a trade on Thursday, while despite a fall in the futures market, coking coal prices in the physical market stayed reasonably strong, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $615.52 per tonne, up $3.40 per tonneHard coking coal, cfr Jingtang: $565.06 per tonne, up $1.69 per tonnePremium hard coking coal, fob DBCT: $...Read More

Fastmarkets has modified the name of one of its Japan steel scrap export prices to clarify the exact grade being assessed in the market.In Japan, prime scrap is referred to as Shindachi, which comprises Shindachi Bara, an unpressed new production busheling scrap that is the most commonly traded prime scrap in the Japan's export market, and Shindachi press bundle, which is more commonly traded in t...Read More

Buyers in Taiwan continued to purchase containerized scrap cargoes at higher prices on Thursday October 21 amid bullishness in the spot market, sources said. Taiwan continues to book containerized cargoes at higher prices Spot prices in China edge down amid losses in finished steel futures Tokyo Steel announces another rise in domestic scrap purchase priceTaiwanTaiwanese buyers continued to secur...Read More

Market participants were aloof following the London Metal Exchange's recent measures imposed to rein in the spike in copper spreads, but backwardations have eased, as the Exchange intended.The LME imposed a series of temporary rules on copper trading on Tuesday October 19. The measures included a limit on tomorrow/next spread orders of higher than 0.5% of the previous day's cash price and a requir...Read More

Spot trading for hot-rolled coil in China stagnated in the afternoon of Thursday October 21 after the continued tumble in futures prices kept market participants cautious.DomesticEastern China (Shanghai): 5,710-5,750 yuan ($892-898) per tonne, narrowing by 10-30 yuan per tonneSpot HRC was traded at 5,710-5,750 yuan per tonne in Shanghai on Thursday morning, when the most-traded HRC contract on the...Read More

The London Metal Exchange three-month copper price was trading below $10,000 per tonne during morning trading on Thursday October 21, while the backwardation in the metal's cash/three-month spread had narrowed to below $300 per tonne.This comes after the exchange imposed a series of temporary measures designed to cool the market.The three-month copper price was at $9,990 per tonne at 10am, down by...Read More

China's domestic rebar prices decreased on Thursday October 21 on weaker demand amid plunging futures. Domestic Eastern China (Shanghai): 5,630-5,680 yuan ($881-888) per tonne, down by 60-70 yuan per tonneChina's biggest thermal coal producer, China Energy Investment Corp (China Energy), said during the day that it would raise production and lower prices. This led to thermal coal futures falling t...Read More

China's domestic stainless steel prices were unchanged over the week ended Wednesday October 20, but market participants are expecting them to drop on increased supply.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 21,000-21,200 ($3,284-3,316) per tonne, unchanged from a week earlier. Demand for stainless steel was persistently week during the week, resulting in no change...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 Cobalt...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...Read More

Cobalt sulfate prices have trended upward since early September this year due to continuously higher raw materials costs and the rising cost of chemical auxiliary materials despite thin downstream demand, sources told Fastmarkets.Fastmarkets' assessment of the cobalt sulfate 20.5% Co basis, exw China price was assessed at 89,000-93,000 yuan ($13,914-14,539) per tonne on Wednesday October 20,...Read More

NorZinc (TSX: NZC; US-OTC: NORZF) has released a new preliminary economic assessment (PEA) for its 100%-owned Prairie Creek zinc-lead-silver project 200 km west of Fort Simpson in the Northwest Territories. The PEA uses an updated resource estimate, a higher mining rate of 2,400 tonnes per day, and a mine plan with a mine life of 20.3 years.Resources were calculated for the Main Quartz zone, stock...Read More

Monarch Mining (TSX: GBAR; US-OTC: GBARF) has discovered shallow gold mineralization 1 km south of its McKenzie Break deposit in Quebec, about 35 km north of Val-d'Or.The discovery has the potential to be a 'game changer' according to president and CEO Jean-Marc Lacoste."It has similar geological characteristics and follows a clear high MAG trendline over the 1 km stretch from the [main] deposit,"...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest producer of the precious metal, warns that mining at its Pueblo Viejo operation in the Dominican Republic could finish this year if a new tailings storage facility (TSF) doesn't get approved. Mining at Pueblo Viejo, a 60-40 joint venture with Newmont (TSX: NGT; NYSE: NEM), depends on the possibility of building a new tailings...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has joined the rising chorus of companies and analysts warning of an imminent and "significant" supply gap for lithium, as demand for the metal used in electric vehicles (EV) and green technologies continues to soar. The world's second-largest miner, which greenlighted in July the $2.4 billion Jadar lithium project in Serbia, believes the supply gap...Read More

Nickel prices on the Shanghai Futures Exchange shot up to an all-time high during morning trading on Thursday October 21 amid a possible export ban on raw materials by Indonesia, among other bullish market dynamics.SHFE nickel was trading at 160,300 yuan ($25,071) per tonne at 11.30am Shanghai time, up by 10,720 yuan per tonne (7.17%) from a closing price of 149,580 yuan per tonne on Wednesday.Ind...Read More

Steelmakers in China will likely keep their production rates low in the fourth quarter of 2021 amid pollution controls and tight electricity supply even though they still seem to have a lot of "quota" left for the year, market participants say.In the first nine months of this year, China produced 805.89 million tonnes of crude steel, according to the country's National Bureau of Statistics (NBS)....Read More