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LME starts discussion on electronic options market, automatic expiry

July 02, 2020 / www.metalbulletin.com

The London Metal Exchange may introduce significant changes to its options offering, with plans to develop an electronic options market in tandem with the exchange's current inter-office method. The exchange sent out a discussion paper to members on Wednesday July 1 detailing proposed changes it says could attract a host of new customers into trading its products. Options would be traded through t...Read More

GLOBAL ZINC & LEAD WRAP: Covid-19 case rise hits US lead demand; zinc premiums flat globally

July 02, 2020 / www.metalbulletin.com

A new wave of Covid-19 infections in the United States has left the production ramp-up in the automotive sector pending, resulting in low lead spot trades and flat premiums in the week to Tuesday June 30, while global zinc premiums were stable on slow demand.Covid-19 cases increase in US leaving automotive production ramp-up pending and lead sales thin US zinc premiums hold in illiquid market Asia...Read More

CHINA HRC: Exports expected to resume on weakening domestic market

July 02, 2020 / www.metalbulletin.com

China's hot-rolled coil prices weakened in the domestic market on Wednesday July 1, leading to expectations among market participants that exports could resume.DomesticEastern China (Shanghai): 3,720-3,730 yuan ($526-527) per tonne, narrowing downward by 20 yuan per tonnePrices weakened on futures losses, but a Shanghai-based trader said that trading remained stable on steady demand.Most market pa...Read More

LIVE FUTURES REPORT 01/07: LME copper holds above $6,000/t; Ni below $12,700/t

July 02, 2020 / www.metalbulletin.com

The London Metal Exchange three-month copper price held the previous day's gains, trading up 0.8% to $6,063.50 per tonne during the morning on Wednesday July 1, with ongoing supply concerns and positive China PMI shoring up demand and buoying copper futures."Copper advanced on Wednesday. It gained more than 20% in the second quarter, making up for the loss in the first three months of the year," M...Read More

CHINA REBAR: Slide in domestic prices halts on increased activity

July 02, 2020 / www.metalbulletin.com

China's domestic rebar prices were flat on Wednesday July 1, with an improvement in the weather spurring increased demand for the long product from the construction sector. DomesticEastern China (Shanghai): 3,510-3,540 yuan ($497-501) per tonne, unchangedRains stopped in most regions of China on Wednesday and sales volumes nationwide climbed to 200,000 tonnes, a 30,000-tonne increase from Monday,...Read More

COBALT SNAPSHOT: Metal prices nudge lower amid Covid uncertainty, weak spot demand rolling into summer

July 02, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in London on Wednesday July 1. Key driversCobalt prices edge closer to $14 per lb while sellers revise price expectations in an effort to lock in spot sales after a protracted period of thin demand. Demand is still reportedly firmer than in April and May, on balance, made up of...Read More

MINOR METALS MARKET REPORT 01/07: Cadmium under pressure on falling bids; manganese flake edges down

July 02, 2020 / www.metalbulletin.com

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

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

July 02, 2020 / www.metalbulletin.com

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trade logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

July 02, 2020 / www.metalbulletin.com

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trade logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed cobalt standard grade, in-whs Rotterdam at $14.10-14.50...Read More

MORNING VIEW: Markets torn between better economic data and worsening Covid-19 situation

July 02, 2020 / www.metalbulletin.com

There are many crosswinds for the markets to contend with this morning, Wednesday July 1, with better manufacturing data in Asia and interest rate cuts in China, but a deteriorating Covid-19 situation - especially in parts of the Americas - and raised geopolitical tension over Hong Kong.China's Caixin and Japan's manufacturing purchasing managers' indices (PMIs) climbed to 51.2 from 50.7 and 40.1...Read More

NOBLE ALLOYS MARKET REPORT: Moly prices supported on improved demand, low trader stocks

July 02, 2020 / www.metalbulletin.com

An overview of the noble alloys markets and their latest price moves.Read More

EU extends anti-dumping duties on ferro-silicon from China, Russia

July 02, 2020 / www.metalbulletin.com

The European Union has extended anti-dumping duties on ferro-silicon imported from China and Russia for another five years, according to a release from the European Commission on Wednesday July 1. The EU will extend the duties for a period of five years until July 1, 2025 from Thursday July 2, 2020. Chinese and Russian ferro-silicon exports to the EU will be subject to duties as follows: from Chin...Read More

TITANIUM SNAPSHOT: Markets slump on cautious sentiment

July 02, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday July 1.Key drivers Persistently quiet trading activity in recent weeks has seen lower offer prices in the past week, with suppliers and buyers making tentative inquiries amid uncertain near term demand. All markets are now back at levels last seen in January 2017. Industry talk centers on cheaper offer prices from China into Europe,...Read More

PRICING NOTICE: Proposal to change the names of aluminium wheel alloy silicon 7 ingot premiums

July 02, 2020 / www.metalbulletin.com

Fastmarkets proposes to refine the names of its global aluminium wheel alloy silicon 7 ingot premiums to reflect the material's usage in the market. The aluminium wheel alloy silicon 7 ingot premiums are commonly known in the market as primary foundry alloy (PFA) or aluminium alloy silicon 7 premiums. The reference to "wheel" in the name is now outdated and market participants say the uses for the...Read More

Extinction level event

July 01, 2020 / www.mining-journal.com

Pure Gold, Canada's Next Gold Mine, This YearSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesWell the doors have been flung open - we await the result.Read More

Spot blister copper RC widens in China while scrap tightness persists

July 02, 2020 / www.metalbulletin.com

The range in refining charges (RC) paid for copper intermediate products cif China diverged in June due to traders willing to agree lower fees for tonnages and smelters less desperate for blister copper amid sufficient domestic scrap supply. Fastmarkets assessed the copper blister 98-99% RC spot, cif China at $110-132 per tonne on June 30, down by $5 per tonne on the low end but up by $7 per...Read More

JV Article: Visualising the future for mineral exploration and mining

July 02, 2020 / www.northernminer.com

SRK Consulting's EasyMine XR Mixed Reality software blends the physical and digital worlds, transforming how mining experts interpret and characterise mine sites.One of the biggest challenges faced by geologists when exploring potential areas of mineralisation is their inability to visualise the subsurface conditions, which often consist of spatially variable soil and rock strata, numerous fractur...Read More

Video: Invest Yukon Thought Leadership Panel ft Pillai, Eaton, Nauman, West-Sells and Hall at the Canadian Mining Symposium

June 30, 2020 / www.northernminer.com

Invest Yukon Thought Leadership Panel - Building a Mining Ecosystem from Exploration to ProductionHon. Ranj Pillai, Deputy Premier, Minister of Energy, Mines and Resources, Minister of Economic Development, Government of YukonW. Douglas Eaton, President, CEO and Director, Strategic Metals Ltd.Clynton R. Nauman, Chairman and CEO, Alexco Resource Corp.Dr. Paul West-Sells, President and CEO, West...Read More

Video: SRK Thought Leadership Panel ft Bocoum, D'Souza, Wrigley and Parshley at the Canadian Mining Symposium

June 30, 2020 / www.northernminer.com

SRK Thought Leadership Panel - Beginning At The End: How can we optimize the socioeconomic legacy of mine closure?Boubacar Bocoum, Lead Mining Specialist, World BankKevin P.C.J. D'Souza, Vice President of Security, Sustainability & Environment, Centerra GoldCharlene Wrigley, Group Sustainable Development Manager, Gold FieldsMODERATOR: Jeff Parshley, P.G., C.P.G, Group Chairman and Corporate Con...Read More

Video: B2Gold Thought Leadership Panel ft CEO Clive Johnson and group publisher Anthony Vaccaro at the Canadian Mining Symposium

June 30, 2020 / www.northernminer.com

B2Gold Thought Leadership Panel - From Zero to One Million Ounces and Raising the Bar Along the WayClive Johnson, President, CEO and Director, B2Gold CorpMODERATOR: Anthony Vaccaro, Group Publisher, The Northern Miner GroupLinks:B2Gold 2020 Annual General & Special Meeting PresentationB2Gold 2020 Annual General & Special Meeting webcastB2Gold 2019 Responsible Mining ReportRead More

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