The price range for flat-rolled stainless steel in Europe narrowed upwards this week, reflecting a continued shortage of supply that is likely to become more pronounced with the introduction of anti-dumping duties on material from India and Indonesia. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm grade 304, transaction domestic, delivered North Europe was ?,?3,150...Read More

OM Holdings (OMH) has suspended operations at its ferro-alloys plant at Sarawak in Malaysia due to an outbreak of the Covid-19 virus among workers, the Singapore-based mining and trading company said.Affected premises have been instructed to stop operations temporarily until all employees test negative.OMH has put the Sarawak plant under care and maintenance until further notice and warned that sh...Read More

China's leading stainless steel producers, Taiyuan Iron & Steel (Tisco) and Baosteel Group, have lowered their ferro-chrome tender prices for June delivery by 50 yuan ($7.84) per tonne compared with the previous month.The latest high-carbon ferro-chrome tender prices released by Tisco and Baosteel on Friday May 28 were 7,250 yuan and 7,445 yuan per tonne respectively, slightly down from the 7,300...Read More

Incrementum AG sees a 45% probability of the gold price hitting a new all-time high at US$2,100 per oz. or higher as early as December 2021.Authored by Ronald Stoeferle and Mark Valek, and now in its 50th iteration, the Liechtenstein-based investment boutique's annual report entitled In Gold We Trust also argues in its base case future scenario for gold trading at US$4,800 per oz. by the end of th...Read More

The European Commission (EC) has imposed provisional anti-dumping duties at rates of 13.40-34.60% on imports of stainless steel cold-rolled flat products originating in India and Indonesia, it has announced.This decision was published in the Official Journal of the EU on Thursday May 27.In April 2021, the EC notified interested parties about its intent to impose provisional measures on such produc...Read More

A surprise win by a left-wing candidate in the first round of Peru's presidential elections has alarmed foreign investors and the mining sector. But the bigger threat could be the continuation of the political gridlock that has gripped the country since 2017.Having emerged the most popular candidate among a record field of 18 candidates, Pedro Castillo, a former primary school teacher and union le...Read More

The precious metals-focused royalty and streaming business model continues to unlock value through win-win deals for exploration and development, Gold Royalty (NYSE-AM: GROY) CEO David Garofalo told The Northern Miner's recent Global Mining Symposium.The prominent mining executive has made the transition to the royalty and streaming business. Garofalo is perhaps best remembered for his role as CEO...Read More

Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index rose to above $30/3 cents for the first time since March. Fastmarkets' copper concentrate TC index, cif Asia Pacfic was at $30.10 per tonne/3.01 cents per lb on Friday May 28,its highest level since March 5. Spot activity was limited for the week ended May 28, with smelters looking for $40/4...Read More

Over the next ten years, the outlook for the lithium sector is "as bright as ever" amid fast production and demand growth, a new report from Fitch Solutions and Country Risk shows.The global acceleration towards decarbonisation, the electrification of vehicles and energy storage continues. It provides a backdrop for fast-paced change in a market traditionally dominated by only a handful of partici...Read More

Lithium Americas (TSX: LAC; NYSE: LAC) and partner Ganfeng Lithium have approved a second-stage expansion at the Cauchar?--Olaroz lithium project in Jujuy province, Argentina.Cauchar?--Olaroz, named after the two salars in northwest Argentina where the project is located, has an annual production capacity of 40,000 tonnes lithium carbonate equivalent (LCE) over a projected mine life of 40 years.De...Read More

The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrates, but will allow mining companies that hold waivers to continue with shipments.The DRC, the world's no.1 cobalt producer and Africa's biggest copper miner, banned exports of concentrates in 2013 to encourage miners to process and refine the ore locally.Insufficient smelting capacity, however, has driven...Read More

South Korea's state pension fund, the world's third-largest, says it will stop funding new coal power projects at home and abroad, joining global efforts to reduce carbon emissions and pursue responsible investment strategies.The National Pension Service's (NPS) plan is to restrict investment in coal miners and businesses tied to coal power by adopting "negative screening." The approach consists o...Read More

Import prices for steel scrap in China were unchanged on Friday May 28 despite the most-traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange (SHFE) closing higher by 4.07% and 4.94% respectively in the afternoon.Offers for heavy scrap (HS) from Japan were heard at $570 per tonne cfr China on Friday, a $10 per tonne increase compared with a day earlier.There were also...Read More

Import prices for ferrous scrap in Vietnam continued to fall in the week to Friday May 28 due to sentiment weakened by plunging steel prices in China recently.Japanese H2 scrap cargoes were offered at $490-497 per tonne cfr Vietnam this week, down by $13-20 per tonne from last week's $510 per tonne cfr Vietnam.Three transactions were heard to have been concluded at $470 per tonne cfr, $472 per ton...Read More

Companies in the mining industry need to move away from the mindset that environmental, social, and governance disclosure is primarily a compliance issue to a mindset that embeds ESG awareness and permeates it throughout the entire organization. That's the key takeaway from a discussion at the recent Global Mining Symposium, which explored how investors and other stakeholders can better track t...Read More

Junior back on a familiar road to iron ore richesRead full newsRead More

Government indebtedness will see gold move higherRead full newsRead More

The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States.Read full newsRead More

Bottlenecks at London Metal Exchange registered warehouses in Malaysia owned by metals storage firm ISTIM UK are adding to the difficulties aluminium consumers in the United States and Europe face in getting the metal they need.Read full newsRead More

A dozen clandestine miners died when a makeshift gold mine collapsed in the north of the Democratic Republic of Congo, UN radio Okapi reported Monday.Read full newsRead More