Seaborne iron ore prices were mostly higher on Friday June 5, with another weekly decrease in iron ore stocks at Chinese ports lending support to the market. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $100.74 per tonne, up $1.50 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $103.24 per tonne, up $1.07 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $89.47 per tonne, up $0...Read More

Base metals prices on the London Metal Exchange were collectively higher during morning trading on Friday June 5, supported by stimulus measures announced by central banks, including copper which reached a three-month high due to an uptick in risk appetite across the commodities sector. Copper's outright price on the LME was recently at $5,627 per tonne, up by more than 1.8% from Thursday's closin...Read More

The metals were mixed this morning, Friday June 5, but Asian-Pacific equities were mainly stronger, as were pre-market major western equity index futures. The unemployment rate in the United States is expected to climb to 19.4%. Equities have followed history by focusing on governments' monetary/fiscal actions... ...but can money alone right the impact of the virus, or can only a vaccine do that -...Read More

Backlogged silicon buyers are only now taking metal they should have received many months ago, if not last year, under their annual contracts, multiple sources told Fastmarkets in the week to Friday June 5.The gradual resumption of automotive manufacturing since mid-May has helped to kick-start the sluggish market for grade 5-5-3 silicon, much of which goes into vehicles as secondary aluminium all...Read More

Australia has signed a preliminary deal to supply minerals such as lithium and zircon to India's new energy sector.Australia's resources minister has announced a plan to supply India with critical minerals, one of a number of deals done with trade partners. The agreement, announced on June 4, is preliminary and does not contain specific measures on the volume of shipments to be made between the tw...Read More

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

The cobalt alloy grade, in-whs Rotterdam 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...Read More

Polyus PJSC, Russia's largest gold mine and main antimony ore supplier, reported an absence of sales of antimony-rich flotation concentrate during the first quarter of 2020, it said in its financial results.The company confirmed to Fastmarkets that it made no sales of antimony over the first quarter of 2020, while comparatively sales of antimony in-flotation concentrate during the same period in 2...Read More

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

European monthly stainless steel alloy surcharges have increased significantly for June but there has been no corresponding increase in transaction prices following their fall at the end of May, Fastmarkets heard on Friday June 5.Fastmarkets' calculation for June of the stainless steel cold-rolled sheet, 2mm grade 304, alloy surcharge domestic, Europe, was ?,?1,329-1,363 ($1,497-1,535) per tonne,...Read More

Strong spot demand for ferrous scrap in Vietnam has continued to boost prices in the week to Friday June 5, with a flurry of purchases at higher prices.Bids for bulk cargoes of Japanese H2 scrap were at $260 per tonne cfr southern Vietnam this week. Offers were at $263-268 per tonne cfr southern Vietnam at the start of the week, but increased to $265 per tonne cfr by Friday. There was not much int...Read More

Papua New Guinea (PNG) has threatened Barrick Gold (TSX: ABX; NYSE: GOLD) with criminal proceedings, claiming the company's joint venture in the country was planning to illegally export US$13 million in silver and gold to Australia.The country's mining regulator said that Barrick Niugini Limited (BNL) asked earlier this week for clearance to ship precious metals to the Perth Mint.The move, the Min...Read More

Gold-backed ETFs added 154 tonnes for net inflows of US$8.5 billion across all regions in May, boosting global holdings to a new all-time high of 3,510 tonnes, according to new data from the World Gold Council.Year-to-date, inflows of 623 tonnes, representing a value of US$33.7 billion, now exceed what was initially the highest level of annual inflows of 591 tonnes in 2009.During May, North Americ...Read More

Copper advanced to a 12-week high on June 4 as China's US$700 billion stimulus program focussed on so-called "new infrastructure" and "new urbanization" kicked into gear.Copper trading in New York jumped to US$2.5025 a pound (US$5,515 a tonne) in midday trading, bringing the bellwether metal's gains since its mid-March low to just under 27%.BMO Capital Markets pointed out in a research note that d...Read More

Pure Gold Mining (TSXV: PGM; LSE: PUR) is starting a 30,000-metre underground and surface diamond drill program at its wholly owned PureGold Red Lake mine. The program will be focused on near-term mine plan optimization, resource growth and target new high-grade discoveries.Pure Gold expects to pour first gold at the mine before the end of this year."We believe strongly in the organic growth poten...Read More

Golden Lake Exploration (GLM.C) is a fairly new entry in the junior exploration arena. It began trading last summer withRead full newsRead More

Pure Gold's mine in Red Lake is on track for its first pour this year.Read full newsRead More

Like much of the world, Argentina remains locked down, its citizens more or less homebound due to the global COVID-19 pandemic. Amid the torpor, Yamana Gold, a Canada-based mining company, has forged a new partnership around a gold mining project in the Patagonian province of Chubut. The move has led activists to accuse Yamana of [...]Read full newsRead More

You would think that anyone in the gold industry would be getting rich right now, but informal miners in many countries are missing out.Read full newsRead More

Current news releases distributed by Cision in Canada including multimedia press releases, investor relations and disclosure, and company news.Read full newsRead More