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Vedanta to sell Australian copper mine; copper exposure shrinks further

September 15, 2020 / www.metalbulletin.com

Vedanta Resources will divest its Mount Lyell copper mine in Tasmania, Australia, after aborting a plan to restart the mine due to restrictions related to Covid-19, Australian media reported.The original plan to bring the Queenstown mine back on line from February 2020 has been shelved, with the Indian company deciding last week to put the mine up for sale, Australian Broadcasting Corp (ABC) repor...Read More

Siyata Announces U.S. Registration Statement Filing

September 14, 2020 / kincommunications.com

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM / OTCQX: SYATF / FRA: WK3D) (the "Company" or "Siyata") is pleased to announce that it has filed a registration statement on Form F-1 (the "F1") with the U.S Securities and Exchange Commission ("SEC"). Maxim Group LLC has been engaged to act as sole book-runner and manager of the proposed offering (the "Offering").The proposed Offering contemplate...Read More

MANGANESE ORE ANALYTICS: September 14, 2020

September 15, 2020 / www.metalbulletin.com

The latest data for the global manganese ore market for the week ended September 14, 2020.Read More

Saturn's big WA gold drilling campaign bankrolled

September 14, 2020 / www.mining-journal.com

The big drill campaign will follow a 10,000m drill foray underway and set for completion in the next month or so.Read More

CAML suspends operations at Sasa plant after tailings leak

September 14, 2020 / www.mining-journal.com

News of the leak triggered a 17% drop in CAML's share price on Monday. CAML described the leak as "short-term" and said no one had been harmed.Read More

Tight concentrates supply, higher China offers push APT prices upward

September 15, 2020 / www.metalbulletin.com

Prices for ammonium paratungstate (APT) in both Europe and the United States went up for the second consecutive week in the seven days to Friday September 11, while sentiment in China also improved with buyers returning to the market after an extended summer break.Fastmarkets' price for tungsten APT, 88.5% WO3 min, cif Rotterdam and Baltimore, duty-free, was last assessed at $220-225 per mtu WO3 o...Read More

IN CASE YOU MISSED IT: 5 key stories from September 14

September 15, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More

FOCUS: China's SRB cobalt stockpiling could set metal price floor

September 15, 2020 / www.metalbulletin.com

China's reserve authority has finally approved fresh stockpiling of cobalt metal, casting some hope for the pandemic-weathered market, especially for cut cathode amid aerospace negativity. In the evening of Wednesday September 9, Chinese cobalt producers successively received invitations from the country's State Reserve Bureau (SRB) informing them to collect the tender document the next day -...Read More

ITALY STEEL SCRAP: Domestic prices track global market upward in September

September 15, 2020 / www.metalbulletin.com

Domestic prices for ferrous scrap in Italy have increased month on month in September, with prices moving in line with international market trends, sources told Fastmarkets on Monday September 14.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy, was ?,?220-240 ($261-284) per tonne on September 14, up by ?,?10-15 per tonne month on mont...Read More

FERROUS ANALYTICS: Iron ore drives up steelmaking costs; rebar margins still near zero

September 15, 2020 / www.metalbulletin.com

Fastmarkets' Ferrous Analytics report will help subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Analysts at Fastmarkets have been impressed by the persistent strength - and indeed the acceleration - of the raw materials prices identified in this month's Ferrous Analytics report....Read More

DAILY STEEL SCRAP: Mills continue to avoid firm offers

September 15, 2020 / www.metalbulletin.com

Turkish steel producers skipped the first working day of the week with no deep-sea bookings amid firm offers, sources said on Monday September 14. Mills in Turkey booked seven deep-sea cargoes, totalling around 230,000 tonnes early last week before withdrawing from the market on Thursday. The latest bookings put the scrap import prices into Turkey at $301 per tonne cfr on HMS 1&2 (80:20) basis. Ho...Read More

MORNING VIEW: Broader markets firmer on Covid-19 vaccine hopes

September 15, 2020 / www.metalbulletin.com

Base metals prices and equity markets were for the most part firmer on Monday September 14, and the common theme seems to be higher hopes for Covid-19 vaccines. Pharmaceutical company AstraZeneca said it has resumed phase three clinical trials, China stated that it was close to a viable vaccine too and drugmaker Pfizer said a vaccine could be distributed in the United States by the end of the year...Read More

REFILE-UPDATE 3-U.S. Gulf Coast prepares for second hurricane in a month

September 13, 2020 / www.kitco.com

(Refiling Sept 13 story to fix typo in 13th paragraph)HOUSTON, Sept 13 (Reuters) - Tropical Storm Sallystrengthened off the west coast of Florida on Sunday and waspoised to become a category 2 hurricane, bringing the threat ofdangerous storm surges and high winds to the U.S. Gulf Coast,the National Hurricane Center (NHC) said.The storm track was disrupting oil production in the U.S.Gulf of Mexico...Read More

Osisko Gold reports Stornoway's Renard diamond mine to restart this month

September 14, 2020 / www.canadianinvestor.com

Share this articleMONTREAL - The Renard diamond mine in northern Quebec is to reopen this month after being shut down in March as part of the province's mining lockdowns in response to the COVID-19 pandemic.Minority shareholder Osisko Gold Royalties Ltd. says operator Stornoway Diamonds Canada Inc. has approved a plan that includes $30 million in cost reductions over the first 16 months of operati...Read More

FOCUS: China's SRB cobalt stockpiling could set metal price floor

September 15, 2020 / www.metalbulletin.com

China's reserve authority has finally approved fresh stockpiling of cobalt metal, casting some hope for the pandemic-weathered market, especially for cut cathode amid aerospace negativity. In the evening of Wednesday September 9, Chinese cobalt producers successively received invitations from the country's State Reserve Bureau (SRB) informing them to collect the tender document the next day -...Read More

3 Rules for the Joe Rogan debate with Joe Biden and Donald Trump

September 14, 2020 / www.energyandcapital.com

So Joe Rogan has offered to host a 4-hour debate between Trump and Biden.And honestly, I kind of like the idea.Although I do think there should be a few rules, though. No speed, adderall, cocaine or any kind of stimulant. I want to see how fast those brain hamsters move on that wheel without being chemically prodded.A fact checker will be on hand. If a candidate lies, the other candidate gets...Read More

COBALT HYDROXIDE SNAPSHOT: Payables range widens as liquidity improves

September 15, 2020 / www.metalbulletin.com

Key data from the Friday September 11 pricing session in London and Shanghai.Key drivers Range for cobalt hydroxide payables widened in the second half of last week, after business was concluded at both ends of the latest range; the midpoint of the range moved up slightly, however, with suppliers managing to achieve...Read More

Silver Headed to $50 an Ounce?

September 14, 2020 / www.energyandcapital.com

Inflation, a weaker U.S. dollar, concerns over national debt levels, increasing gold prices, and rising investment demand - all stemming from the government's fiscal and monetary response to the COVID-19 pandemic - will likely be the key the drivers for silver prices through the rest of 2020 and 2021.Governments around the world have already spent tens of trillions of dollars amid the coronavirus...Read More

Chinese nickel sulfate price stabilizes after 7-week rally; NPI, nickel ore continue to rise

September 15, 2020 / www.metalbulletin.com

China's nickel sulfate price was unchanged on Friday September 11, snapping a run of seven straight weeks of gains.Fastmarkets assessed the price of nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China, at 27,000-28,000 yuan ($3,949- 4,096) per tonne on Friday, flat from a week prior. There was limited trading activity over the past week, but a lack of spot supply helped support the mark...Read More

IN CASE YOU MISSED IT: 5 key stories from September 14

September 15, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday September 14 that are worth another look.Brazilian flat steel producers have announced a price increase of at least 10% on all their products, because of a lack of material at a time of steady demand, Fastmarkets heard on...Read More

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