To say we live in a time that will be taught in future history classes is an understatement. Not just because of the pandemic, but because America seems to be a country without a clear path ahead of it. It's a time marked by a divided and dysfunctional federal government. It's a time marked by a shrinking influence on the world stage. It's a time marked by slow but certain change in social norm...Read More
Drill rig at Keno silver project. Credit: Metallic. Metallic Minerals has started up two drills at its wholly owned, 166-sq.-km Keno Silver project in the Yukon Territory's Keno Hill silver district.In the first phase of the program, a reverse circulation rig will test multi-kilometre anomalies discovered last year at the East Keno area. In the second phase, a diamond drill will be used to step...Read More
Camp at the Bornite project, one of the two most advanced of Upper Kobuk Mineral Projects. (Image courtesy of Trilogy Metals) The US Bureau of Land Management has approved the development of the northern route to provide access to the Ambler mining district in northwest Alaska.According to South32 and Trilogy Metals (TSX, NYSE: TMQ), partners in Ambler Metals, the Record of Decision (RoD) appr...Read More
Core samples from Monarch Gold's McKenzie Break gold project in Quebec. Photo Credit: Monarch Gold. Monarch Gold (TSX: MQR) has reported high-grade drill results from the central part of its wholly-owned McKenzie Break gold project, 35 km north of Val-d'Or, Quebec.Highlights from the drill program include drill hole 20-255, which intersected 14 metres grading 13.95 grams gold per tonne starting...Read More
Three-month base metals prices on the London Metal Exchange were mostly lower at the close of trading on Friday July 24, with a continued uptrend in the numbers of Covid-19 cases in the US prompting broad risk-off sentiment across the country's trading hours.Disappointing US manufacturing data added further headwinds.Copper's outright price on the LME was the biggest loser on the day, declining by...Read More
The Chinese domestic alumina price fell on Thursday July 23 in response to plans to resume idled alumina capacities and due to a contracting aluminium price on the Shanghai Futures Exchange. Market sources told Fastmarkets 2.1 million tonnes of idled alumina capacity will restart at the end of July while another 1 million is expected to resume in August. The decision to restart the capacity was ta...Read More
Three-month base metals prices on the London Metal Exchange softened during morning trading on Friday July 24, with positive manufacturing data out of Europe and a continued drawdown in LME stocks doing little to stop a complex-wide correction, that saw most metals decline by more than 1%. Leading on the downside this morning, LME nickel's outright price was recently at $13,475 per tonne, notching...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Bob Moriarty ArchivesJul 24, 2020My readers may be shocked to hear that I have been exceptionally busy lately, as the metals seem to be climbing to the moon. Naturally the stories I follow are trying to make hay while the sun shines so I am forced into ganging some of those stories together else I will never catch up. There are probably 1,500 juniors in Canada all clamoring for attention and I can...Read More
The manganese ore index 37% Mn, cif Tianjin, has soared and slumped since March, with South African supply initially tightening and then ramping back up after restrictions were lifted.Read More
Adam HamiltonArchivesJul 24, 2020 Both gold and silver surged dramatically higher this past week, propelled by torrents of investment capital deluging in. The resulting major new highs are really exciting, unleashing widespread fear-of-missing-out buying. But the precious metals' blistering jumps have left them very overbought. They have come so far so fast they are at and above technical extremes...Read More
Fastmarkets' copper concentrates treatment and refining charge (TC/RC) index shifted higher on Friday July 24 due to shipments from Chile continuing despite concerns over potential coronavirus shutdowns. The benchmark copper concentrate TC/RC index, cif Asia Pacific rebounded from $45.60 per tonne / 4.56 cents per lb last week, the lowest level since Fastmarkets started publishing the index...Read More
Key data from the pricing sessions in Asia, Europe and the United States during the week ending Friday July 24. China The UG2 chrome ore market edged down to consolidate around the $132 per tonne level where liquidity was reported in the previous week. The domestic spot ferro-chrome price edged downward due to bearish sentiment amid the recent slump in ore prices. The imported charg...Read More
As the Pilbara is good for about 90% of Rio's current earnings and 70% in BHP's case, the COVID-beating production performance by the pair was naturally enough the focus of the market's scrutiny ofRead More
"We saw that the situation out there improved in June compared with the beginning of the quarter," Hedblom said this week. "However, the situation is still fragile. We have guided that we still believe there will be an impact on orders and revenues in the near term as well."She said Epiroc achieved an adjusted operating margin of 18.7% - "good under the circumstances" - due to job cuts and other c...Read More
The spot cobalt metal price in China continued to rally in the second half of the week following upturns in the local futures market since Thursday and a slight improvement in consumers' restocking appetite. Fastmarkets' assessment for cobalt 99.8% Co min, exw China rose to 255,000-265,000 yuan ($36,363-37,789) per tonne (equivalent to approx. $14.59-15.16 per lb, less China VAT) on Friday Ju...Read More
Week 28 (17/07/2020-23/07/2020) Company news Americas Kirkland Lake Gold is suspending operations at the Holt complex in Ontario until further notice and is offering severance pay to all staffRead More
The Chinese domestic ferro-silicon market dipped in the most recent trading session due to the continuing sluggish downstream magnesium market and easing supply concerns, with smelters ramping up their operations. Fastmarkets' price assessment for ferro-silicon 75% Si min, in-whs China was 5,800-5,900 yuan ($828-842) per tonne on Wednesday July 22, down by 100 yuan (1.7%) from 5,900-6,000 yua...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort334,23767,80171,987129,690433,549535,914573,337Change from Prior Reporting Period 4,0322412,3913,7815,62220,20418,037Traders23067895771322198 Small Speculators LongShortOpen Interest 67,22429,801603,138 2,7594,92622,963 non reportable positionsChange from the previous reporting p...Read More