(Updates with Rio no comment, analyst) Nov 10 (Reuters) - A gold stream is "probably the mostattractive" option for Canadian miner Turquoise Hill Resources as it seeks funding for a copper and gold project inMongolia, the head of mine financing company Wheaton PreciousMetals said on Tuesday. Turquoise Hill last week began arbitration proceedingsagainst its biggest shareholder Rio Tinto t...Read More

The Turkish steel mills remained out of the deep-sea scrap markets on the second working day of the current week, but were expected to resume their bookings with support from fresh rebar export sales, sources said on Tuesday November 10.Turkish steelmakers booked 11 deep-sea cargoes last week but stepped away from the market at the beginning of this week, when the exchange-rate value of the countr...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.Eli Lilly added $4.42 to $146.75 after the FDA approved the company's COVID 19 antibody treatment.Beyond Meat dropped $33.77 to $116.73 after reporting lower than consensus third quarter revenues and earnings.Raytheon Technologies added $1.53 to $66.52 after JP Morgan upgraded the stock f...Read More

Seaborne premium hard coking coal prices in the fob market edged up on Tuesday November 10 on active trading, while cfr hard coking coal prices jumped because of Chinese restrictions on Australian coal.Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.09 per tonne, up $1.31 per tonne Premium hard coking coal, cfr Jingtang: $146.70 per tonne, up $2.36 per tonneHard coking coal,...Read More

Seaborne iron ore prices were up on Tuesday November 10 amid strong demand for rebar in China, but some market participants told Fastmarkets that the long-term outlook is not looking so positive.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.27 per tonne, up $0.52 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.74 per tonne, up $0.49 per tonne58% Fe fines high-grade pr...Read More

All Proxy Proposals PassELKO, Nev., Nov. 10, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU), today announced the results of the Company's annual shareholder meeting that was held virtually on November 9, 2020 at 8:00 AM PT.The following proposals were approved by the Company's shareholders at the meeting:Conversion of the Company's Series H Preferred Stock into common shares Conversion of th...Read More

China's hot-rolled coil sellers maintained their offers on Tuesday November 10 despite a weakening of trading activity.DomesticEastern China (Shanghai): 4,080-4,090 yuan ($617-618) per tonne, narrowing downward by 10 yuan per tonneA Shanghai-based trader said buyers stopped restocking amid falling futures, although spot prices largely held up.A second Shanghai-based trader said most sellers kept t...Read More

China's domestic rebar market maintained its upward momentum on Tuesday November 10 on good demand and falling inventories. DomesticEastern China (Shanghai): 4,060-4,090 yuan ($614-619) per tonne, up by 30 yuan per tonneDemand from the construction sector remained strong during the day, which pushed up rebar prices further. The daily transactions averaged 262,000 tonnes in the first 10 days of Nov...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mainly lower this morning, Tuesday November 10, while prices consolidated after Monday's double dose of positive news - that of Joe Biden winning the US presidential election and Pfizer announcing progress toward a potential Covid-19 vaccine. Asian Pacific equities mainly higher on the back of the vaccine news....Read More

First Cobalt Corp and Glencore have agreed to discuss a long-term feed purchase contract instead of the tolling arrangement originally contemplated. The Canada-headquartered company, which is working to recommission and expand a currently idled cobalt refinery in Canada, said it had decided to be a market purchaser of feedstock, rather than a toll refiner.The change in approach towards feed purcha...Read More

The European titanium markets look set to remain buoyant through 2021 and well into 2022, with a shortage of titanium scrap underpinning both feedstock and alloy prices, according to industry sources.The titanium scrap market may be in deficit until at least early 2022, sources said, and aerospace - a key supply sector - is expected to struggle to recover output after the Covid-19 p...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 standard grade,...Read More

There are tremendous opportunities for manganese and vanadium in the global trend of electrifications, and the battery sector will outpace the steel industry in terms of boosting demand growth for those materials, delegates heard at Fastmarkets' International Ferro-alloys virtual conference on Tuesday November 10. Competitive cost and comparatively diverse supply are likely to dictate the shift in...Read More

Seaborne prices for high-grade manganese ore were unlikely to spend much time at levels below $4 per dry metric tonne unit (dmtu) based on today's cost curve, an analyst said on Tuesday November 10.Speaking during Fastmarkets' International Ferro-alloys Conference, when asked about the floor price for manganese ore, Kevin Fowkes of AlloyConsult said that high stocks could continue to put pressure...Read More

The implementation of a proposed export tax on South African chrome ore could prompt China to impose a tax on imports of the country's ferro-chrome into the East Asian nation, according to David Kovarsky, senior vice president at chrome ore producer Sibanye Stillwater.Speaking at Fastmarkets' International Ferro-alloys Conference, which is being held online, Kovarsky was critical of the proposed S...Read More

Canada's Denison Mines (TSX: DML) is ready to resume the formal environmental assessment (EA) process for its 90%-owned Wheeler River project in Saskatchewan, which is poised to be the country's first in-situ recovery uranium mine.Denison had paused the process in March, due to restrictions related to Covid-19 measures. President and chief executive David Cates said the company would give formal n...Read More

First Cobalt (TSXV: FCC) is planning to alter its prior arrangement with global miner Glencore (LSE: GLEN) and sign a a long-term feed purchase contract instead of the original tolling contract. First Cobalt owns North America's only permitted cobalt refinery.Securing feed material under a long-term cobalt hydroxide purchase contract would allow its refinery in Ontario to be "an active market par...Read More

Precious gemstones miner Gemfields Group (LSE: GEM; JSE: GML) says it is unable to say when it might be able to host its next auction, or generate meaningful revenue from sales, due to the "severe" impact of Covid-19 restrictions.The company, which returned to the London Stock Exchange's market for juniors this year, has only been able to host one auction so far in 2020. Held in February in Lusak...Read More

This week's episode features the launch of The Northern Miner's Global Mining Symposium virtual mining conference, with opening remarks by group publisher Anthony Vaccaro. As well, the news section tackles the latest developments on the trade tensions between Australia and China.All this and more with online editor and host Adrian Pocobelli.Music Credits:"Rattlesnake Railroad", "Big Western Sky",...Read More