The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets...Read More
Tesla will mine its own lithium, make its own lithium-ion batteries for electric vehicles (EVs) and use more silicon and nickel in these cheaper batteries, the world's biggest EV maker said on Tuesday September 22.Tesla will simplify the process of obtaining battery-ready nickel and lithium, develop alternatives to existing aluminium alloys and recycle its own EV batteries, it added.Tesla's own 46...Read More
Desheng Group, one of China's major producers of vanadium pentoxide (V2O5), plans to suspend production and conduct equipment maintenance across its operations, including at its ironmaking and steelmaking facilities, market sources told Fastmarkets.The overhaul, which will be mainly carried out at Desheng Group's vanadium and titanium company in Leshan, in the southwestern Chinese province of Sich...Read More
Chinese stainless steel producers have increased their consumption of stainless steel scrap in the last two months in an attempt to reduce their input costs, particularly those for ferro-alloys, with nickel prices soaring since mid-July, sources told Fastmarkets.Chinese stainless steel producers typically use a combination of nickel pig iron (NPI), stainless scrap and ferro-alloys for production.T...Read More
China will aim to be carbon neutral by 2060, President Xi Jin Ping said at the General Debate of the 75th Session of the General Assembly of the United Nations on Wednesday September 23."We aim to have carbon dioxide (CO2) emissions peak before 2030 and achieve carbon neutrality before 2060," he said.China also aims to scale up its Intended Nationally Determined Contributions - intended reductions...Read More
Raymond James forecasts higher average prices for copper, nickel, lead, zinc and iron ore, but lower prices for uranium, its analysts wrote in a research note.The financial services firm has increased its average copper price forecast for this year to US$2.71 per lb., up from its previous estimate of US$2.62 per pound. Next year, it expects copper will average US$2.80 per lb. (up from US$2.70 per...Read More
In our second article examining the results of The Northern Miner and Canadian Mining Journal's reader survey on the industry's response to the Covid-19 pandemic, we look at respondents' concerns about the long-term impact of the coronavirus and what those polled think governments, banks, and financial institutions can do to help companies survive the economic downturn.The reader survey was ope...Read More
Troilus Gold (TSX: TLG; US-OTC: SKREF) has initiated a 20,000-metre drill program at its flagship 1,073-sq.-km Troilus gold project in Quebec's Frotet-Evans greenstone belt.The program is designed to upgrade existing resources and grow mineralization across the past-producing property.Although the drilling is scheduled to take place by year-end, Troilus Gold chief executive Justin Reid said, "dril...Read More
Recent drill results from Rockliff Metals' (CSE: RCLF) wholly owned Tower property in central Manitoba have increased the strike length of the Tower deposit to 1,000 metres and hit mineralization at depths of 800 metres.Based on the potential for additional mineralization, Rockcliff has commissioned an updated resource estimate for Tower, which will be incorporated into the preliminary economic as...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) and Japan Gold (TSXV: JG) are expanding their footprint in the Asian country with the acquisition of the Kanehana project, which comprises 40 new claims and covers seven historic gold mines.The asset spans 124 sq. km and adjoins the west side of the Japan Gold's Ikutahara project on Hokkaido, the country's second-largest island.Under a joint venture formed in Fe...Read More
For a province of just over a million people, Saskatchewan punches above its weight in the Canadian mining industry. While potash and uranium continue to be mainstays in the province, there has been increasing diversification within the sector to include base metals, lithium, diamonds and rare earth elements.Like the rest of the country, Saskatchewan went into a lockdown in March as Covid-19 sprea...Read More
Great Bear Resources (TSXV: GBR; US-OTC: GTBAF) has retained B.C.-based Blue Coast Research to complete metallurgical test work and consulting for its Dixie gold project in Ontario's Red Lake district.The test work is expected to provide the gold explorer with metallurgical recovery estimates and processing flow sheet recommendations for the Dixie project zones, which are required to publish an in...Read More
Russian-Zimbabwean platinum venture Great Dyke Investments (GDI) has cleared an important hurdle to develop what it would be the African nation's largest mine of the precious metal.GDI, 50% owned by Russia's Vi Holding and Zimbabwean investors, said the African Export-Import Bank had completed a due diligence study allowing it to proceed with a $500 million funding program for the Darwendale proje...Read More
A recent article Gates, Bezos-backed firm searching for cobalt in Canada (www.mining.com, Jul. 7, 2020), highlighted some of the recent positive events for cobalt exploration in Canada and a company that these tech gurus have formed, KoBold Metals.KoBold Metals is a start-up mining venture set to explore for cobalt in Canada, one of the most prolific mining regions in the world. Not only does Can...Read More
Amr Alfiky/ReutersJPMorgan is set to pay almost $1 billion to settle charges from US regulators of spoofing in precious metals and Treasury m...Read full newsRead More
A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.Read full newsRead More
In times of trouble people still turn to gold. What makes it a safe haven? Largely perceptions, based on its historical mystique.Read full newsRead More
Sep 21, 2020 (Baystreet.ca via COMTEX) --Analysts remain bullish on gold. UBS for example believes gold could run even further and remain high “for...Read full newsRead More
(Bloomberg) -- Skyrocketing gold is providing a welcome windfall to the mining industry, but it's also attracting a broader base of investors who are demanding greater attention to environmental, social and governance topics. Interest in ESG issues has moved to the forefront in conversations with stakeholders in the past year, top executives said in the run-up to the Denver Gold Group's Americas c...Read More
Japan Gold is pleased to announce acquisition of the Kanehana ProRead full newsRead More