China's will strengthen the exploration and development of its domestic iron ore resources and work to ensure that steel capacity cuts are fully observed, according to it economic planner. "Domestically, we will intensify the exploration and development of iron ore resources, accelerate the construction of new and ongoing iron ore projects, and improve consumption of recycled iron-steel materials,...Read More

You can't have it both ways, but that doesn't mean you can't try. That's what Joe Biden is doing right now.On the one hand, Biden policies are, at least, partly responsible for the recent rise in unemployment and might be largely responsible.They're also responsible for the inability of employers to hire employees so they can reopen their businesses and return to full capacity. If that sounds like...Read More

The zinc price set a new year-to-date high in the morning of Tuesday May 18 on the London Metal Exchange, with worries about the recent political developments in Peru creeping into investor sentiment, while a dollar at its weakest since the end of February pushed most metals prices up too. Zinc's three-month price reached $3,108.50 per tonne on Tuesday during early trading, the most since June 15,...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Tuesday May 18, and once again recent dips have been short-lived and not that deep, suggesting sentiment remains robust.Inflation concerns remain elevated, US treasury yields and gold firmerUnited States Federal Reserve officials stick to their view that inflationary pressures will...Read More

Ferroglobe PLC halved its losses quarter on quarter due to higher prices for silicon metal and alloys and manganese alloys in the first quarter ended March 31, according to results released on Tuesday May 18. It was, however, the 13th quarterly loss in a row for the western world's biggest producer of silicon.Higher staffing costs related to the company's ongoing restructuring, including effo...Read More

Glencore "will not hesitate bringing back online part or all" of its Mutanda copper-cobalt asset in the Democratic Republic of Congo, head cobalt trader David Brocas said.But a restart is conditional on a clearer profile for cobalt consumption including a long-term commitment to cobalt purchases from buyers, he added on Tuesday May 18 during the Cobalt Institute's annual conference."We want a stab...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

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 alloy grade,...Read More

A summary of the financial results for Indian steelmaker Jindal Stainless Ltd (JSL) of its fourth quarter ending March 31 of its 2020-21 business year.In brief A strong recovery in domestic stainless steel demand continued in the January-March period, JSL said.There was a healthy revival in demand at JSL's pipe & tube segment, along with railways & allied infrastructure, including the metro segmen...Read More

German steelmaker Thyssenkrupp has signed a joint letter of intent with recycler TSR to explore the use of high-quality scrap in its blast furnaces to reduce carbon emissions, the company said on Monday May 17.The use of recycled raw materials in blast furnaces helps to strengthen the circular economy, reduces use of carbon-containing reducing agents and decreases carbon dioxide (CO2) emissions, a...Read More

Centerra Gold (TSX: CG) has kicked off a series of measures to protect shareholder rights after Kyrgyzstan seized control of the company's Kumtor gold mine on May 17.On a conference call with reporters and analysts today, CEO Scott Perry said the Toronto-based miner is already in contact with Canadian and English authorities, which have offered their support."As a significant investment partner of...Read More

This week's episode features a Thought Leadership segment with Illumiti partner Rory Friedman, who discusses the different ways to administer a mining company using the latest digital tools. Rory explains how scalable solutions now exist that can help organizations grow from a two-person operation to a company with several thousand employees. All this and more with host Adrian Pocobelli.Music Cre...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has unveiled a preview of its final showcase of rare pink, red and blue diamonds from its iconic Argyle mine in the remote east Kimberley region of Western Australia.Argyle, the world's biggest and the main global source of high-quality pink diamonds, ceased operations on November 3, after 37 years in production.During that time, it churned out 865 million...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has more than doubled the inferred mineral resource of the Calibre gold deposit at its Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX: AZY), in Western Australia's Paterson province.Following drilling completed in 2020, the inferred resource has been increased by 62% to 2.1 million ounces of gold (previously 1.3 million ounce...Read More

The S&P/TSX Venture Composite Index fell 2.47% to finish the trading week at 931.38. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per ounce.Filo Mining jumped $3.57 to $7.57 per share. The company reported it has discovered a new zone of high-grade copper, gold and silver mineralisation at its Filo del Sol deposit in Argentina's San Juan province. Highlights included drillhol...Read More

Copper closing in on real record territoryRead full newsRead More

Canada 'very concerned'Read full newsRead More

Production lifted 6% despite turmoilRead full newsRead More

The top U.S. fuel pipeline operator said its lines were fully operational on Monday, but it will take some time for supplies to recover fully from a cyberattack that left thousands of gas stations without fuel.Read full newsRead More

BURITICA, Colombia - When China's Zijin Mining paid $1 billion to buy an extensive gold mine in the Colombian Andes in late 2019, security risks were a top concern, despite an operation by the military which had beat back illegal miners.Read full newsRead More