Global zinc premiums were collectively flat in the week to Tuesday August 18, while an uptick in lead demand in Southeast Asia allowed spot interest to mount, albeit against climbing LME three-month prices for both commodities. Catch-up demand boosts lead business in South Asia Higher offers heard in Shanghai on intermittent opening of arbitrage window; zinc premium holds The European summer slowd...Read More

China's hot-rolled coil prices were largely stable on Wednesday August 19, but overseas buyers were seeking cheaper numbers from traders with position cargoes.DomesticEastern China (Shanghai): 4,070-4,090 yuan ($588-591) per tonne, widening downward by 10 yuan per tonneSellers in eastern China wereoffering HRC at 4,080-4,090 yuan per tonne on Wednesday morning and later cut prices in the afternoon...Read More

Copper prices continued to soar on the London Metal Exchange during morning trading on Wednesday August 19, with the rest of the complex following higher.The LME three-month copper price was most recently trading at $6,644.50 per tonne, $77-per-tonne higher than the 5pm close on Tuesday after it had already hit an intraday high of $6,686 per tonne in early trading, a two-year high. Copper has been...Read More

A summary of Hong Kong Exchanges & Clearing's (HKEX) first half-year results, for the six months ended June 30, 2020. In brief:  Revenue and other income for the first half of 2020 rose by 2% year on year to reach a half-year record high of $8.8 billion.  The increase in trading and clearing fees was partly offset by the fair value losses on collective investment schemes of $138 million....Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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

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,...Read More

Key data from the Wednesday August 19 pricing session in Shanghai.Key drivers Spot cobalt metal prices in China continued to edge lower amid lackluster demand despite recent stability in local futures prices; consumers largely on the sidelines with adequate material on hand.Chinese cobalt tetroxide prices softened...Read More

Company to discuss recent acquisition of Northern Panther Resource Corp. and appointment of Senior Mining Industry Professional Mr. George Bee as PresidentLOS ANGELES, CA / ACCESSWIRE / August 19, 2020 / U.S. Gold Corp. (NASDAQ:USAU) (the "Company"), a gold exploration and development company, today announced that it will be presenting at the 12th Annual LD 500 Conference on Tuesday, September 1,...Read More

Most of the base metals on the London Metal Exchange were consolidating this morning, Wednesday August 19, after the majority of them extended gains on Tuesday; the exceptions were aluminium and tin, while copper was where the main action was this morning.The S&P 500 and Nasdaq established fresh record highs on Tuesday, while Asian-Pacific equities were mixed this morning.Gold prices are consolida...Read More

Tight intermediates availability and a rally in the cobalt hydroxide market brought cobalt metal back in favor with cobalt sulfate refineries looking to cut risk in their feedstock inflows in late July. Until then, cobalt hydroxide payables - the percentage of the metal price buyers pay sellers for cobalt intermediates - had been capped at 70% for at least a year and a half, reflecting ample suppl...Read More

South African manganese alloys producer Transalloys will reduce its silico-manganese production by about 30% this year due to weakening market prices, it was revealed on Wednesday August 19.The reasons for this, according to an official from the sales agent that sells all of Transalloys' output, were the high cost of power in the country and the slump in end-user demand in sales target regions res...Read More

Domestic prices for vanadium products in China in mid-August were showing little change since mid- to late-July this year, with alloy suppliers struggling to hold prices firm amid comparatively stable prices for vanadium pentoxide (V2O5).Steel mills were postponing their purchases of vanadium alloys because of narrow profit margins resulting from high production costs, sources told Fastmarkets on...Read More

Kirkland Lake Gold (TSX:KL, NYSE:KL) and Newmont (TSX: NGT; NYSE: NEM) have signed a strategic alliance agreement to collaborate on exploration and development work in Northern Ontario.Under the terms of the multimillion-dollar deal, announced on Aug. 17, Toronto-based Kirkland Lake and the world's leading gold company are pledging to focus on the companies' various properties located near Timmins...Read More

Northern Dynasty Minerals' (TSX: NDM) shares jumped Aug. 19 after the company revealed that the Alaska Republican Party officially endorsed its proposed Pebble copper-gold-molybdenum mine.The stock climbed almost 5% in Toronto at opening from C$2.02 to C$2.12 as the Canadian miner published excerpts of a party resolution. The document, dated Aug. 9, says it "unequivocally" supported the responsibl...Read More

Copper rose above US$3 per lb. for the first time in more than two years, on the back of falling inventories, a lower U.S. dollar, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America.Copper for delivery in September trading in New York changed hands for US$3.0295 per lb. (US$6,680 per tonne) in afternoon trade on Aug. 19 - the highe...Read More

88 Energy (ASX:88E) Prepares for Billion Barrel Farm OutSPONSORED88 energyScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.Element 25's Butcherbird on songSPONSOREDelement 25Lithium no quiet place for AVZSPONSOREDavz mineralsIt has not come as a surprise. The pandemic was pretty much a nightmare scenario for diamond companies; demand is tied to macroecono...Read More

Iron ore prices hit six-and-half year highs on Aug. 18 as Chinese furnaces, where more than half the world's steel is forged, roll out crude steel at a never before seen pace.According to Fastmarkets MB, benchmark 62% Fe fines imported into northern China were changing hands for US$128.57 per tonne on Aug. 18, up 5.4% on the day.That was the highest level for the steelmaking raw materials since Ja...Read More

It has been a difficult week for English mining engineers. A coal open pit closed in Durham on the same day (Aug. 17) as a thought-provoking press release by Global Footprint Network (GFN). The closure left just one industrial-scale coal mine operating in the country, and means that a once proud (and important) industry is almost at an end.Coal is still needed globally, of course, and it remains m...Read More

According to the South Korean media, SK Innovation intends to further gradually maximize the nickel content in its next-generation lithium-ion batteries.Read full newsRead More

A growing distaste for the oil business among potential young employees, combined with the economic crisis of the pandemic, could make it harder to tackle competition from renewable energy and electric vehicles.Read full newsRead More