China's domestic prices were unchanged on Thursday November 12 amid softer demand and lower market inventories. DomesticEastern China (Shanghai): 4,060-4,090 yuan ($613-617) per tonne, unchangedSome in the market cut their procurement rates on the expectation that spot prices would mirror down-trending futures.But sellers did not lower their offers since they had managed to sell a lot of cargoes i...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...Read More
The cobalt alloy 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...Read More
Fastmarkets reporters present the key themes and discussion points from the International Ferro-alloys Virtual Conference held on November 9-10.Strong recovery expected in 2021, but steel, ferro-alloys market unlikely return to pre-Covid levels Despite a quicker-than-expected recovery across certain regions following the economic fallout of the Covid-19 pandemic and expectations of a stronger reco...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRemote Pitram deployment puts miners in the driver's seat Amid Covid ClosuresSPONSOREDmicromine'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningEven years into a project's life cycle, mining industry investors must often guess a...Read More
Cobalt hydroxide payables narrowed upward during the first half of this week with lower numbers fading while buyers continued to stock up. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China tightened to 79.5-81% of the price for cobalt standard grade on Wednesday November 11, from 79-81% on November 6. "Buyers are finally squaring up to the idea, especially for long-term contra...Read More
China's stainless steel sellers cut both domestic and export prices over the past week in an attempt to generate more sales.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,200-14,900 yuan ($2,144-2,250) per tonne, down by 100 yuan per tonne from a week earlier.Trading houses were actively selling stainless steel due to their pessimistic outlook for prices in of December....Read More
Fast-rising costs for container freight on a number of major shipping routes are causing disruption in trade flows for minerals and metals alike, sources told Fastmarkets on Thursday November 12.The combination of fewer vessels on the water, an imbalance in trade flows to and from China and competition between cargoes has kickstarted a rapid increase in shipping costs, making it harder for sellers...Read More
Guinea's government has approved a multinational group's plan to build a railroad and deep-water port to export from the large-scale Simandou iron ore deposit to key markets, including China, the world's top consumer of the commodity.The consortium, which includes Singapore's Winning Shipping, Guinean mining logistics firm United Mining Supply (UMS), Chinese aluminum producer Shandong Weiqiao and...Read More
China's secondary copper production will rise to 4 million tonnes in 2025, a metal recycling body said earlier this week.Secondary output of non-ferrous metals, which are widely used in consumer electronics, will reach 20 million tonnes that year, the China Nonferrous Metals Industry Association Recycling Metal Branch (CMRA) estimated. Of these, secondary output of aluminium, lead and zinc are pro...Read More
Kerr Mines (TSX: KER; US-OTC: KERMF) will finance the restart of production from its Copperstone gold mine in Arizona with the help of a US$18 million streaming deal with Star Royalties.Production is targeted to begin in the fourth quarter of 2021 from the fully permitted mine, which Kerr Mines acquired in 2014 through an all-share acquisition of American Bonanza.Copperstone, situated in western A...Read More
An extremely rare, purple-pink diamond mined and polished by Russia's Alrosa (MCX: ALRS) has set a record price for a gem of that colour sold at an auction after fetching 24.4 million Swiss francs (US$26.6 million) at Sotheby's in Geneva.The flawless 14.83-carat diamond, named "The Spirit of the Rose" after a ballet of the same name from 1911, already had another record under its belt - it's the l...Read More
At the other end of the 20-company ranking was Rio Tinto Group, which scored -79 after explosions that damaged two Aboriginal Australian sites.Read full newsRead More
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Earlier this month, Madagascar's government suspended a controversial gold-mining operation in Vohilava commune in the country's southeast. Many local people welcomed the news, which comes after years of tension over the project's environmental and economic impact and a recent demonstration against it. In early September, local people who oppose the project destroyed company equipment, throwing [....Read More
It's time to start worrying about inflation. Although inflation has been low and fairly steady in the past decade, prices will begin accelerating in 2021 and 2022. There is no asset that is obviously a slam dunk for an inflation hedge, but gold, mining stocks and farmland should be considered.Read full newsRead More
The Directors of eMetals Limited (ACN 142 411 390)(ASX:EMT)(eMetals or the Company), are pleased to announce the exploration results for the Poona Rare Metals Project (Poona Project).Read full newsRead More
TSXV:NRG ) Newrange Gold Corp. is pleased to provide an update onRead full newsRead More
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Maple Gold Mines Ltd. is pleased to announce that results from reRead full newsRead More