China's hot-rolled coil producers suspended their exports on Monday March 22 despite surging domestic prices amid uncertainties over whether the Chinese government would reduce its export tax rebate for steel products.DomesticEastern China (Shanghai): 5,060-5,120 yuan ($777-786) per tonne, up 70 yuan per tonneDomestic prices surged on Monday on rising futures.A Tianjin-based trader said that inves...Read More

Usually after a London Metal Exchange discussion paper there is a decent idea of what the outcome is likely to be. But this time around, it seems much harder to tell which path the LME will take. The proposals under debate include the permanent closure of the exchange's open outcry trading floor, known as the ring, which dates back to 1877. They also include the incentivization of electronic trade...Read More

The London Metal Exchange three-month zinc price rose by the most in the base metals complex on Monday March 22, while the aluminium price reached a new year-to-date high amid continued cancellations at LME warehouses. Zinc's futures price was at $2,874.50 per tonne on Monday at 9am, having reached $2,880 per tonne during earlier trading, the most for the metal since February 25. Monday morning's...Read More

Base metals prices on the London Metal Exchange were mixed on Monday March 22, while those on the Shanghai Futures Exchange were up across the board. United States 10-year treasuries yields have eased to 1.67%, from recent highs of 1.75%Base metals LME three-month base metals prices were mixed, with copper, aluminium and lead down by an average of 0.5%, while the rest of the metals were up by an a...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....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, in-whs Rotterdam,...Read More

The supply-driven rally in antimony prices that was buoyed by an ore shortage and shipping delays has now stalled, and the upward momentum has probably ended, market participants told Fastmarkets on Monday March 22, with some of them now expecting prices to fall."It does appear that antimony has 'done' its upside, from what we can see, and - if anything - [the uptrend] is now running out of steam,...Read More

The downtrend in China's cobalt sulfate market accelerated in the week to Friday March 19 on weak buying interest and a widening gap between offers for material produced from cobalt hydroxide and that produced from scrap.Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China fell to 81,000-83,000 yuan ($12,434-12,741) per tonne on Friday March 19, down by 4,000 yuan per tonne (...Read More

Key data from the pricing session in the Shanghai on Friday March 19.Key drivers Domestic producers continued to raise their offers on the expectation that prices could surpass 50,000 yuan ($7,675) per tonne. Traders and downstream consumers refused to accept any prices above 48,000 yuan...Read More

The Indian export price for silico-manganese jumped by nearly 9% on Friday March 19 to the highest since Fastmarkets started to assess the market in June 2014. Fastmarkets assessed the silico-manganese, 65% Mn min, min 16% Si, fob India price at $1,250-1,280 per tonne on Friday, up by $100 per tonne, or 8.58%, week on week. The previous high of $1,220-1,260 per tonne was achieved in February...Read More

Kodiak Copper: A New Copper-Gold Discovery in CanadaSPONSOREDkodiak copperRex ready to rollSPONSOREDrex mineralsDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningSolaris Resources on winning streak in EcuadorSPONSOREDsolaris resourcesA series of events help paint that picture, starting with recent ceremonies to mark the 10th anniversary of the Fukushima tsunami in J...Read More

After a two-day policy meeting last week, the U.S. Federal Reserve said it will maintain its accommodative monetary policy (read easy money) and will keep its overnight interest rates near zero and continue to purchase roughly US$120 billion of treasury bonds and mortgage-backed securities each month.That should be good news for gold. The metal finished February at US$1,743 per ounce (the worst mo...Read More

Gold producer Equinox Gold (TSX: EQX; NYSE: EQX) has announced the results of a feasibility study on an expansion of its 12,700 tonne-per-day Castle Mountain heap leach mine in California into an operation with a 45,350 tonne-per-day heap leach facility and a 3,200 tonne-per-day milling and leaching plant.Based on an initial capital cost of US$510 million (which includes the purchase of a mining f...Read More

Fortune Bay (TSXV: FOR) has released an updated pit-constrained resource estimates for the Box and Athona deposits, 2 km apart, at its past-producing Goldfields project in northern Saskatchewan. The latest resource figures are based on verified historical drill data and incorporate new geological and mineralization models for the property.The indicated resources total 22.6 million tonnes at 1.34 g...Read More

Fluctuating global prices and erratic downstream secondary aluminium consumption have market participants in Europe wondering how to manage risk through periods of volatility. Fastmarkets' assessment of the aluminium pressure die-casting ingot DIN226/A380, delivered Europe was at ?,?2,010-2,040 ($2,391.04-2,426.72) per tonne Friday March 19, down from ?,?2,040-2,090 per tonne the week before....Read More

In 2020, a total of 18,750 tonnes of cobalt were consumed in the batteries of newly-sold passenger EVs globally, an increase of 29% year-over-year, a new report by Adamas Intelligence reveals.According to the market analyst, the increase in cobalt use was the result of a surge in passenger BEV and PHEV sales in the second half of the year, particularly in China and Europe.When it comes to manufact...Read More

The S&P/TSX Venture Composite Index rose 1.38% to finish the trading week at 995.80. Spot gold declined by US$17 per oz., or 0.98%, to US$1,744.90 per ounce.Great Bear Resources jumped $1.64 to $17.14 per share. Drilling by the company on a mostly untested, 250-metre northwest section of the LP fault at its flagship Dixie project in Red Lake, Ontario, returned high-grade intervals as well as low...Read More

The S&P/TSX Composite Index fell 0.53% to 18,854 during the Mar. 15-19 trading week. The S&P/TSX Global Mining Index slipped 2.68% to 103.66, and the S&P/TSX Global Base Metals Index dropped 5.98% to 158.12. Spot gold declined by US$17 per oz., or 0.98%, to US$1,744.90 per oz., and the S&P/TSX Global Gold Index rose by 3.07% to 294.71.Aura Minerals jumped $2.29 to $14.80 per share. The company ap...Read More

Gold stocks are down, but not out. Can they rebound sans a soaring gold price?Read full newsRead More

US and China officials met in AlaskaRead full newsRead More