Popular News

Peru voters divided ahead of June 6 presidential election

May 28, 2021 / www.northernminer.com

A surprise win by a left-wing candidate in the first round of Peru's presidential elections has alarmed foreign investors and the mining sector. But the bigger threat could be the continuation of the political gridlock that has gripped the country since 2017.Having emerged the most popular candidate among a record field of 18 candidates, Pedro Castillo, a former primary school teacher and union le...Read More

Global Mining Symposium: Garofalo on Gold Royalty's role in reversing the reserve decline

May 28, 2021 / www.northernminer.com

The precious metals-focused royalty and streaming business model continues to unlock value through win-win deals for exploration and development, Gold Royalty (NYSE-AM: GROY) CEO David Garofalo told The Northern Miner's recent Global Mining Symposium.The prominent mining executive has made the transition to the royalty and streaming business. Garofalo is perhaps best remembered for his role as CEO...Read More

COPPER CONCS SNAPSHOT: TC/RCs rebounds above 30/3; Kamola Kakula mine debuts

May 29, 2021 / www.metalbulletin.com

Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) index rose to above $30/3 cents for the first time since March. Fastmarkets' copper concentrate TC index, cif Asia Pacfic was at $30.10 per tonne/3.01 cents per lb on Friday May 28,its highest level since March 5. Spot activity was limited for the week ended May 28, with smelters looking for $40/4...Read More

Lithium outlook 'bright as ever' - Fitch report

May 28, 2021 / www.northernminer.com

Over the next ten years, the outlook for the lithium sector is "as bright as ever" amid fast production and demand growth, a new report from Fitch Solutions and Country Risk shows.The global acceleration towards decarbonisation, the electrification of vehicles and energy storage continues. It provides a backdrop for fast-paced change in a market traditionally dominated by only a handful of partici...Read More

Lithium Americas, Ganfeng planning Stage 2 expansion at Cauchar?--Olaroz

May 28, 2021 / www.northernminer.com

Lithium Americas (TSX: LAC; NYSE: LAC) and partner Ganfeng Lithium have approved a second-stage expansion at the Cauchar?--Olaroz lithium project in Jujuy province, Argentina.Cauchar?--Olaroz, named after the two salars in northwest Argentina where the project is located, has an annual production capacity of 40,000 tonnes lithium carbonate equivalent (LCE) over a projected mine life of 40 years.De...Read More

DRC concentrate export ban may tighten global copper, cobalt supply

May 28, 2021 / www.northernminer.com

The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrates, but will allow mining companies that hold waivers to continue with shipments.The DRC, the world's no.1 cobalt producer and Africa's biggest copper miner, banned exports of concentrates in 2013 to encourage miners to process and refine the ore locally.Insufficient smelting capacity, however, has driven...Read More

World's third-largest pension fund to limit coal-linked investing

May 28, 2021 / www.northernminer.com

South Korea's state pension fund, the world's third-largest, says it will stop funding new coal power projects at home and abroad, joining global efforts to reduce carbon emissions and pursue responsible investment strategies.The National Pension Service's (NPS) plan is to restrict investment in coal miners and businesses tied to coal power by adopting "negative screening." The approach consists o...Read More

CHINA STEEL SCRAP: Import prices unchanged despite strong recovery in futures

May 29, 2021 / www.metalbulletin.com

Import prices for steel scrap in China were unchanged on Friday May 28 despite the most-traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange (SHFE) closing higher by 4.07% and 4.94% respectively in the afternoon.Offers for heavy scrap (HS) from Japan were heard at $570 per tonne cfr China on Friday, a $10 per tonne increase compared with a day earlier.There were also...Read More

VIETNAM STEEL SCRAP: Buyers cautious amid falling steel prices in China

May 29, 2021 / www.metalbulletin.com

Import prices for ferrous scrap in Vietnam continued to fall in the week to Friday May 28 due to sentiment weakened by plunging steel prices in China recently.Japanese H2 scrap cargoes were offered at $490-497 per tonne cfr Vietnam this week, down by $13-20 per tonne from last week's $510 per tonne cfr Vietnam.Three transactions were heard to have been concluded at $470 per tonne cfr, $472 per ton...Read More

Global Mining Symposium: Companies that don't embrace ESG will have trouble accessing capital, says Jamie Strauss of Digbee ESG

May 26, 2021 / www.northernminer.com

Companies in the mining industry need to move away from the mindset that environmental, social, and governance disclosure is primarily a compliance issue to a mindset that embeds ESG awareness and permeates it throughout the entire organization. That's the key takeaway from a discussion at the recent Global Mining Symposium, which explored how investors and other stakeholders can better track t...Read More

Venture Minerals to enjoy life of Riley

May 28, 2021 / bit.ly

Junior back on a familiar road to iron ore richesRead full newsRead More

Conditions for gold could not be better: Incrementum

May 28, 2021 / bit.ly

Government indebtedness will see gold move higherRead full newsRead More

U.S. Senate panel advances EV tax credit of up to $12,500 #nickel

May 28, 2021 / www.reuters.com

The U.S. Senate Finance Committee advanced legislation on Wednesday that would boost electric vehicle tax credits to as much as $12,500 for EVs that are assembled by union workers in the United States.Read full newsRead More

Exclusive: Logjams at Malaysian warehouses exacerbate #aluminium shortages

May 28, 2021 / reut.rs

Bottlenecks at London Metal Exchange registered warehouses in Malaysia owned by metals storage firm ISTIM UK are adding to the difficulties aluminium consumers in the United States and Europe face in getting the metal they need.Read full newsRead More

Twelve die in DR Congo gold mine accident: UN radio

May 28, 2021 / dlvr.it

A dozen clandestine miners died when a makeshift gold mine collapsed in the north of the Democratic Republic of Congo, UN radio Okapi reported Monday.Read full newsRead More

Gold diggers: Illegal mining near Colombian town hits Zijin output

May 28, 2021 / dlvr.it

When China's Zijin Mining paid $1 billion to buy an extensive gold mine in the Colombian Andes in late 2019, security risks were a top concern, despite an operation by the military which had beat back illegal miners.The company's pre-deal jitters were warranted: illegal extraction by wildcat miners in tunnels either within or adjoining its concession has shot up since the operation'...Read More

@kapilkano I'd like to see a pullback to the 200 day average ..........near 1845. Options expiration ends today....

May 25, 2021 / twitter.com

"@kapilkano I'd like to see a pullback to the 200 day average ..........near 1845. Options expiration ends today.Lets see what the control boyz have in store for metal tomorrow."Read full newsRead More

3 Great Stocks to Buy Right Now in Canada

May 29, 2021 / www.fool.ca

Every investor has a slightly different approach to picking stocks, managing portfolios, and even diversifying away from the risk. The approach is influenced by several different factors, including an investor’s personality and personal biases. But there are a few things almost all investors understand (and agree upon), and one of them is that perfect opportunities (like the perfect time to...Read More

Cheap Canadian Dividend Stocks to Buy for Reliable Income

May 29, 2021 / www.fool.ca

Income investors are searching for top Canadian dividend stocks that still trade at cheap prices and offer attractive yields. Fortunately, some leading dividend stocks still appear undervalued.Pembina PipelinePembina Pipeline (TSX:PPL)(NYSE:PBA) reported solid Q1 2021 results with record adjusted EBITDA of $835 million. The midstream services provider should continue to benefit from the rebound in...Read More

Forget Bitcoin! This TSX Gold Stock Has a Superior Store of Value

May 29, 2021 / www.fool.ca

Bitcoin (BTC) would be no match for gold if you were to read between the lines of the recent statements by Mark Bristow, CEO of Barrick Gold (TSX:ABX)(NYSE:GOLD). Mr. Bristow did not mince his words when told FOX Business, “They look like bubbles; they act like bubbles; they smell like bubbles.”The behaviour of the world’s most popular cryptocurrency in May 2021 somehow confirms...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok