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Low stocks for spot buying support selenium prices in Europe

May 26, 2021 / www.metalbulletin.com

Selenium prices in Europe have risen in the past two pricing sessions, against the backdrop of limited spot material availability and higher prices in China.Fastmarkets most recently assessed the price of selenium, 99.5% Se min, in-whs Rotterdam, at $8.20-9.20 per lb on Friday May 21, up from $7.90-9.00 per lb in the previous session two days earlier. The price was up by 10.2% from $7.40-8.30 per...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

May 26, 2021 / www.metalbulletin.com

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...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

May 26, 2021 / www.metalbulletin.com

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 standard grade, in-whs Rotterdam, $/lb at 20.00-20.50...Read More

China's Do-Fluoride to invest in 20GWh lithium-ion battery project

May 26, 2021 / www.metalbulletin.com

China-based Do-Fluoride Chemical Co will invest 300 million yuan ($46.67 million) to build a lithium-ion battery plant in the city of Nanning, Guangxi province, in southern China, it said on Tuesday May 25.The project will be led by Do-Fluoride, the Nanning municipal government, and the government of the Qingxiu district of Nanning, and will have an estimated annual production capacity of 20GWh.Th...Read More

MORNING VIEW: Base metals' recent corrections once again run into dip-buying

May 26, 2021 / www.metalbulletin.com

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly positive on the morning of Tuesday May 25, with only SHFE lead showing significant weakness. Broader markets seem to have become more risk on again after US central bankers stuck to their dovish guidance.Asia-Pacific equities were firmer this morning, especially in China where government action has calmed inf...Read More

IN FIGURES: China's minor metals exports in April 2021

May 26, 2021 / www.metalbulletin.com

A summary of China's minor metals exports for April 2021.In brief China's exports of antimony declined in April amid weak overseas demand; buyers abroad were hesitant to place orders amid a downtrend in the material's price, according to market sources. Chinese shipments of gallium surged in April...Read More

Global Mining Symposium: Evolution Mining's Jake Klein on margins over volume

May 25, 2021 / www.northernminer.com

In the first six months of fiscal 2021, Evolution Mining (ASX: EVN) banked over 50% of every ounce of gold it produced in terms of its EBITDA margins, posted a return on equity of 18%, and issued an interim dividend of US$247 per oz., or about 12% of its revenue, well above its peers."It's been all about a journey of trying to improve the quality of our assets and focusing mostly on margin and ret...Read More

With gold M&A heating up, could Orezone's Bombor?(C) project be ripe for the picking?

May 25, 2021 / www.northernminer.com

Gold analysts are pointing to substantial levels of pent-up demand for mergers and acquisitions (M&A) activity in the mid-tier and emerging producer space in the coming months as the world emerges from the pandemic crisis and people can conduct physical due diligence again.One of the hot picks tipped for acquisition is Orezone Gold (TSXV: ORE, US-OTC: ORZCF) and its Bombor?(C) gold development pro...Read More

The View from England: Churchill had tax advice for Chile

May 25, 2021 / www.northernminer.com

Quite apart from being exactly the stoical leader we needed during WWII, Winston Churchill was surely the most quotable politician in history. His exhortations relating to the six-year conflict are legendary but Churchill also had some pithy observations about business."Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a stu...Read More

The Northern Miner Podcast - episode 240: Cameco sees supply 'uncertainty' as world transitions to net zero carbon economy

May 25, 2021 / www.northernminer.com

This week's episode features Cameco's Q1 2021 conference call with president and CEO Tim Gitzel, who outlines the company's strategy as well as macroeconomic conditions facing the uranium industry. Gitzel sees a 'less certain' uranium supply as global demand for nuclear power increases. He also lays claim that Cameco is 'Canada's first net zero mining company.'All this and more with online editor...Read More

Rio Tinto's Richards Bay manager murdered on way to work

May 25, 2021 / www.northernminer.com

Local police confirmed on Monday that a senior manager of Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) Richards Bay Minerals (RBM) was assassinated in South Africa's KwaZulu-Natal province, Zululand Observer reported.According to media reports, Nico Swart, RBM's general manager of operational services, was shot and killed on his way to work Monday morning. More than 20 high-calibre bullets were fir...Read More

First Cobalt more than doubles holdings in Idaho

May 25, 2021 / www.northernminer.com

First Cobalt (TSXV: FCC; US-OTC: FTSSF) has more than doubled its holdings in Idaho around its Iron Creek project, which the company describes as one of the few primary cobalt deposits in the world.The expansion, the second in a month, increases the company's land position to over 1,820 hectares thanks to an earn-in agreement into Phoenix Copper's (LSE: PXC) Redcastle cobalt asset.Redcastle is nex...Read More

CHINA STEEL SCRAP: Buying interest hit by plunging steel prices

May 26, 2021 / www.metalbulletin.com

Import prices for steel scrap in China were unchanged on Tuesday May 25, with the country's finished steel market crashing in response to a meeting held by the Chinese government on Sunday May 23 that put more emphasis on stability in the commodities sector.Fastmarkets' daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in ea...Read More

Recycled aluminium could meet 50% of demand by 2050, IAI says

May 26, 2021 / www.metalbulletin.com

Recycled aluminium could meet 50% of demand for the metal by 2050, according to the International Aluminium Institute (IAI).In new data released on Tuesday May 25, the IAI reported a record 20 million tonnes of post-consumer scrap intake in 2019, representing nearly 60% of total scrap intake and equivalent to saving 300 million tonnes of greenhouse gas emissions."Aluminium demand is expected to in...Read More

DRC mining squeeze bodes ill for Chinese and Western players #mining

May 25, 2021 / bit.ly

New Guinea acquisition fits with company's small is beautiful approachRead full newsRead More

China's Huayou snaps up stake in $2B nickel-cobalt project in Indonesia

May 25, 2021 / bit.ly

Indonesia 'aggressively pursuing' battery supply chainRead full newsRead More

Rio Tinto's Richards Bay Minerals manager fatally shot

May 25, 2021 / bit.ly

Killed on his way to work in KwaZulu-NatalRead full newsRead More

#Batteries Are What Will Spark Electrical Vehicle Sales. And Auto Makers Are Buying In.

May 25, 2021 / www.barrons.com

Auto makers are getting deeper into batteries, and they need to if they want to control their own destinies, writes RBC analyst Joseph Spak.Read full newsRead More

RT @ELECroyalties: NEWS| Electric Royalties - Royalty Asset Update

May 25, 2021 / buff.ly

Electric Royalties Ltd. (TSXV: ELEC) ("Electric Royalties" or the "Company") is pleased to announce update on the assets in its current royalty portfolio. PDF of full Press Release.Read full newsRead More

.@SnowlineGold $SGD Announces Fully Funded 2021 Exploration Program

May 25, 2021 / bit.ly

Snowline Gold Corp. is pleased announce that its fully funded 202Read full newsRead More

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