A new judicial ruling has allowed Vale to reopen the concentration plant at its Viga iron ore mine, in Brazil's southeastern Minas Gerais state, after six days of downtime, the company said on Thursday October 1.The judge at the Entre Rios de Minas court determined that the city of Jeceaba, where the mine is located, was to issue the necessary permits for Vale to use the B7 dam for tailings dispos...Read More

Trading activity in the seaborne coking coal market was muted on Friday October 2, which was the second day of China's "golden week" holiday marking the country's 71st national day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $137.71 per tonne, up by $3.16 per tonnePremium hard coking coal, cfr Jingtang: $145.10 per tonne, unchangedHard coking coal, fob DBCT: $114.02 per tonne, up by $1....Read More

Seaborne iron ore prices were flat on Friday October 2 during the Chinese holiday, however, US president Donald Trump's positive Covid-19 test result caused panic in the markets and iron ore swaps went down again, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged58% Fe fines high-gra...Read More

The London Metal Exchange three-month nickel price dipped during morning trading on Friday October 2, down by 1.5% against continued selling pressure, while a slight recovery in copper buying led the red metal's price back above the $6,300-per-tonne threshold. LME nickel's outright price was recently at $14,085 per tonne on Friday morning, falling from $14,343 per tonne at Thursday's close, while...Read More

Base metals prices on the London Metal Exchange were for the most part weaker this morning, Friday October 2, but our focus is on the broader markets because US President Donald Trump has tested positive for Covid-19, which in itself is a major development, but is also going to have ramifications on the run-up to the presidential election on November 3.Pre-market major western equity index futures...Read More

ELKO, Nev., Oct. 2, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, is pleased to announce that it will hold electronic investor update webinars throughout October hosted by CEORoadshow. Mr. Edward Karr, Chief Executive Officer will update attendees and USAU shareholders on the Company and will be available for questions after an...Read More

An overview of the minor metals markets and the reasons for any price moves.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...Read More

The cobalt alloy 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...Read More

Prior to the Covid-19 pandemic, 2020 was expected to be an important year for the rollout of 5G networks, with more operator launches globally and declining prices for smartphones and other 5G devices.While the rollout has been disrupted in the short term, the increase in remote working caused by lockdown measures has underscored the need for greater bandwidth capacity along with fast and reliable...Read More

Umicore will consolidate its production of cobalt-derived chemicals in Europe and the United States, the company said on Wednesday September 30.The Belgian speciality chemicals company will move its cobalt refining capacities from the Olen plant in Belgium to the Kokkola refinery in Finland.The move to "one of the largest cobalt refineries globally" will allow "the business unit to produce at a la...Read More

Europe's monthly alloy steel surcharges for October have surged from September levels on significantly higher nickel costs, Fastmarkets heard on Friday October 2.Fastmarkets' stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe was calculated at ?,?1,456-1,462 ($1,710-1,716) per tonne for October, up by ?,?85-89 per tonne from the September range.The average Lo...Read More

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in September 2020.The case list below includes only updates. For other continuing cases this year, see the updates for August, July, June, May, April, March,...Read More

Regulus Resources (TSXV: REG; US-OTC: RGLSF) and Osisko Gold Royalties (TSX: OR; NYSE: OR) have announced a strategic partnership that grants Osisko rights on existing royalties covering claims on Regulus' AntaKori copper-gold-silver project in Peru for an upfront cash payment of US$12.5 million."Through this investment we have a unique opportunity to gain exposure to one of the largest and hig...Read More

With silver and platinum group metal (PGM) prices on the upswing on the back of a gold price rally, there is a renewed interest by investors in mining companies. Below, we provide an overview of seven industry players, from exploration, through to development and operations, with exposure to the metals.Americas Gold and SilverMiners in hoist at Americas Gold & Silver Galena mine in Idaho. Credit:...Read More

With the relentless stream of bad news bombarding us these days, we need to take comfort where we can, so it was nice to see evidence that some level of justice can prevail.After a lengthy investigation, the Commodity Futures Trading Commission in the U.S. has fined JPMorgan Chase & Company and its subsidiaries, JPMorgan Chase Bank and J.P. Morgan Securities LLC, US$920 million for market manipula...Read More

Institutional investors, industry groups and experts are divided on a set of substantial capital markets reforms being proposed by Ontario's capital markets modernization taskforce.The taskforce, set up in February by Ontario Finance Minister Rod Phillips, released a set of 47 proposed reforms over the summer that could impact mining issuers if they were implemented. The suggestions included intro...Read More

Egypt-focused gold miner Centamin (TSX: CEE; LON: CEY) has announced that its total output targets for 2020 will be affected by safety-related delays at its flagship Sukari mine in Egypt.The company said radar systems detected a movement in Sukari's open pit Stage 4 West wall, which prompted it to immediately defer open-pit mining operations in that zone. Work in the area was scheduled to start du...Read More

Scotgold Resources (LON: SGZ) has found signs of more precious metals at its Cononish gold and silver project in Scotland's Highlands, which is expected to pour first gold by Nov. 30.The company said this week that soil samples in an area to the northeast of the project suggest the gold and silver structures may extend further than initially expected.Located in the Highlands north of Glasgow, the...Read More

Prices for cargoes of steel scrap imported to Vietnam held largely stable in the week to Friday October 2 following a reduction in volumes offered by Japan. Participants in Taiwan and South Korea have been away from the market for much of the week due to their Mid-Autumn Festival holidays, leaving only Vietnam among major purchasers of Japan scrap, but no new deals were heard closed this week. Off...Read More