Brazil's iron ore exports in May fell by over a quarter compared with the same period a year earlier.It exported 21.50 million tonnes of the steelmaking raw material last month, which is 28.2% lower than the 29.87 million tonnes it shipped out in May last year, according to figures released by the country's economy ministry on Monday June 1.Iron ore prices have been on the rise amid concerns about...Read More

China's hot-rolled coil producers have raised their offers above $440 per tonne fob after domestic prices strengthened further on Tuesday June 2.DomesticEastern China (Shanghai): 3,650-3,680 yuan ($512-516) per tonne, widening upward by 20 yuan per tonneNorthern China (Tangshan): 3,630 yuan per tonne, unchangedA Shanghai-based trader said sellers in the city issued offers of 3,650-3,660 yuan per t...Read More

China's domestic rebar prices continued to trend upward on Tuesday June 2 amid stronger demand stimulated by rising futures.Domestic Eastern China (Shanghai): 3,590-3,620 yuan ($503-508) per tonne, up by 20 yuan per tonneBuyers raised their procurement rates amid a strengthening futures market, which pushed up spot prices.But some markets participants have expressed concerns over the possibility o...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at $14.75-15.15 on...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed Cobalt alloy grade,...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 transparency into the markets it covers and the pricing...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 transparency into the markets it covers and the pricing process it applies. Fastmarkets assessed...Read More

Bulk alloys markets in Europe are coming under sustained pressure from weak demand, with prices for manganese alloys dropping through May, while ferro-silicon prices have been falling since April, sources said.Elsewhere, silico-manganese export prices have also been dropping in India, where recent restarts in production may be short-lived while producers consider cuts to stem or even reverse price...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices are on the increase in June. As far as this market is concerned, it appears as though the Covid-19 pandemic has had little impact so far, with prices on the most common grades of stainless steel just 2-4% lower than they were at the turn of the year in most markets.Even in Asia, a region often talked ab...Read More

Osisko Mining (TSX: OSK) has entered into an agreement with Canaccord Genuity and Eight Capital as co-lead underwriters of a syndicate, which has agreed to purchase, on a bought-deal private placement basis, 41.1 million units of the company at $3.65 each for gross proceeds of $150 million.Each unit consists of one share and half of a warrant. The underwriters will also have the option to purchase...Read More

This episode features First Cobalt CEO Trent Mell in conversation with Northern Miner group publisher Anthony Vaccaro at The Northern Miner Scotch Whisky Tasting event held on Zoom. Trent discusses how there will be an 'avalanche' of demand for cobalt from the electric vehicle market, and what it's like to work with Glencore at First Cobalt's cobalt refinery in northern Ontario. He also discussed...Read More

Genesis Metals (TSXV: GIS) has released assay results for four holes completed at its 290-sq.-km Chevrier gold project near Chibougamau, Quebec.The drill highlights include 20 metres of 1.36 grams gold per tonne starting at 75 metres, 7 metres of 1.79 grams gold starting at 223 metres, as well as 3 metres of 3.99 grams gold. The first two intercepts included higher-grade intervals: 1 metre of 10.2...Read More

When my colleagues and I at the Far Eastern Economic Review and other news organizations covered Hong Kong's return to Chinese rule on July 1, 1997, many of us were cautiously optimistic that China would keep its promise under the Basic Law that the former British colony would retain its autonomy under a system of 'One Country, Two Systems'.That confidence began to erode last year when millions of...Read More

Rio Tinto (NYSE: RIO; LSE: RIO) has apologized for accidentally blowing up a 46,000-year-old sacred indigenous site with dynamite while carrying out work to expand its iron ore operation in Australia's Pilbara region.The world's second-largest miner destroyed two ancient caves last week in Juukan Gorge, 1,075 km north of Perth. The rock shelters contained artifacts considered evidence of habitatio...Read More

Centerra Gold (TSX: CG) has declared commercial production at its ?-ks? 1/4 t mine in Turkey, four months after it poured first gold at the operation.The Toronto-based company now has three producing mines, including Kumtor in the Kyrgyz Republic and Mount Milligan in British Columbia."Commercial production at ?-ks? 1/4 t marks a major milestone for the company. ?-ks? 1/4 t was delivered on time a...Read More

Novagold Resources (TSX: NG; NYSE-AM: NG) said it's preparing a full response to a scathing report from J Capital Research that accuses managers of the Vancouver-based explorer of "systematically" misleading investors about its proposed Alaska gold mine over the last 15 years.J Capital Research, a company founded in China a decade ago that usually targets overvalued media and tech companies for sh...Read More

Monarch Gold (TSX: MQR) is selling its Fayolle property in western Quebec to Iamgold (TSX: IMG; NYSE: IAG) in a cash and share deal valued at $11.5 million.The Montreal-based company said the transaction will see Iamgold issuing $9.7 million in common shares to Monarch and a $0.3 million cash payment once ownership of the asset has been transferred.Iamgold will also give Monarch US$1.5 million in...Read More

Canada's prolific geological terrain and adherence to the rule of law position the country as a go-to destination for companies looking to establish and operate mineral projects. A fall in the value of the Canadian dollar over the past few years, coupled with a recent upswing in the gold price, make gold mining in the country particularly appealing at this time. Below, we present eight companies w...Read More

The S&P/TSX Venture Composite Index rose by 2.20% to finish the trading week at 553.77. Spot gold ended the week at US$1,728.70 per oz., a fall of US$4.00 per oz. from the previous week.Shares of Searchlight Resources doubled from 4 ? to 8 ? per share. The company closed a private placement of 22.86 million units at 2.5 ? per unit raising $571,500. It also issued 14.58 million flow-through units a...Read More

The Dow Jones Industrial Average rose 3.75% to 25,383.11, and the S&P 500 increased 3.01% to 3,044.31. Spot gold fell US$4.00 per oz., or 0.23%, to finish the trading week at US$1,728.70 per ounce.Vale's shares climbed US78 ? (8.7%) to US$9.76. A judge in the Brazilian state of Minas Gerais partially granted an injunction sought by prosecutors and ordered the company to set aside 7.9 billion reais...Read More