The London Metal Exchange three-month tin price increased during morning trading on Monday April 27, following a fresh cancellation of 285 tonnes, while strong buying in zinc futures pushed the metal to breach nearby resistance levels. LME tin's outright price was recently at $15,335 per tonne, a 3.3% incline from Friday's closing price of $14,890 per tonne, while turnover was high at more than 20...Read More

Cobalt sulfate prices have managed to take a pause from the persistent downturn since mid-February despite lingering weak demand from electric vehicles (EVs), the major downstream consumer, Fastmarkets understands.Fastmarkets' cobalt sulfate 20.5% Co basis, exw China price was assessed at 43,000-45,000 yuan ($6,074-6,357) per tonne on Friday 24, unchanged for the fifth pricing session in a ro...Read More

The team from Commerzbank clinched the top spot on the base metals leaderboard for the first-quarter 2020 base metals predictions with 97.98% accuracy while Glyn Lawcock of UBS took the top spot for precious metals predictions over the period with a 93.58% accuracy rating. For steel raw materials, Chris LaFemina of Jefferies topped the leaderboard with a 98.86% accuracy score. Click on the image b...Read More

The Yunnan provincial government has called for leading enterprises to stockpile non-ferrous metals to support the economy in an announcement published on Sunday April 26. Yunnan businesses are being encouraged to stockpile a combined total of 800,000 tonnes of copper, aluminium, lead, zinc, tin, germanium and indium over a one-year period. Companies can pledge their products to secure bank loans...Read More

The price spread for Europe-origin high-carbon ferro-chrome widened to $0.15 per lb in the week ended Friday April 24 with deals reported at higher prices after the rebound in the ferro-chrome and charge chrome benchmark price for shipments in the second quarter of the year.The gap between the highest and lowest reported deal prices was almost $0.20 per lb, with signs of firmer fundamentals encour...Read More

The low-grade seaborne manganese ore price in China rocketed by 32.1% week on week on Friday April 24 after some buyers accepted the first offer made since South Africa went into lockdown on March 26. Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by $1.65 to $6.79 per per dry metric tonne unit (dmtu) on Friday, hitting a new high since November 23, 2018, when the index was $6.84...Read More

Arconic has resumed operations at its Massena, New York facility in the United States since Monday April 20 and expects to ramp back up operations at its Tennessee facility this week, the company said. It had previously temporarily idled the Tennessee facilities from Monday April 6 and its New York operations from Tuesday April 7 due to weaker automotive demand for aluminium products stemming from...Read More

Taiwan was the sole active buyer of ferrous scrap in the week ended Friday April 24 amid limited demand from other key markets.Turkey still out of spot marketUS recyclers pay more amid domestic shortageVietnamese buyers keep focus on Japanese scrapTaiwanese buyers pursuing containerized cargoesIndia lockdown still affecting market TurkeySteel mills in Turkey did not make any bookings for deep-sea...Read More

Seabridge Gold (TSX: SEA; NYSE: SA) has released the results of an updated preliminary economic assessment (PEA) on its KSM gold-copper project, 65 km northwest of Stewart, British Columbia.The latest study suggests a large underground block cave mine at the Iron Cap deposit, with one-third of the planned production sourced from open pits at the site. This approach is the opposite of that in the 2...Read More

Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has completed 13.5 km of underground development - 4.2 km ahead of plan - at its Kakula copper project in the Democratic Republic of Congo (DRC), and says it will bring the deposit into production on time and budget by the third quarter of 2021.Another 29.5 km of underground development must be completed before first concentrate production in 2021, and Ivanh...Read More

Silvercorp Metals (TSX: SVM; NYSE: SVM) is buying Guyana Goldfields (TSX: GUY) in a $105 million (US$75 million) cash and stock deal that creates a diversified precious metals producer with two silver mines in China and a gold operation in Guyana.The Vancouver-based miner, which currently produces silver, lead and zinc from mines in China, will give Guyana's shareholders the option to receive 60 ?...Read More

Bluestone Resources (TSXV: BSR; US-OTC: BBSRF) has raised $92 million in a bought deal financing to advance its flagship Cerro Blanco gold project in Guatemala.Under the agreement, a syndicate of underwriters purchased 52.58 million common shares in the company at $1.75 per share. The deal includes the exercise, in full, of an over-allotment option of an additional 6.86 million shares at the of...Read More

Rio Tinto ( NYSE: RIO; LSE: RIO) will spend a further A$9.2 million (US$5.9 million) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals (ASX: AZY), in Western Australia's Paterson province.The budget earmarked for this year is well above the previous commitment of A$2 million (US$1.3 million) put forth in January, when Rio Tinto earned 51% of the project...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHow mining companies can reduce equipment purchasing cost and improve qualitySPONSOREDtechnical auditOver the past five weeks, the nickel price has risen by 10% from a low of US$5 per p...Read More

In light of recent guidance revisions and the wider collapse in drilling and completion activity in Western Canada, Rystad Energy now expects total 2020 Canadian upstream spending to fall below C$21 billion. This represents a 41% year-over-year decline, with reductions in shale and oil sands accounting for more than 80% of the decrease.Read full newsRead More

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VANCOUVER, British Columbia and TORONTO, April27, 2020(GLOBE NEWSWIRE) -- Silvercorp Metals Inc. ("Silvercorp") (TSX/NYSE American: SVM) and Guyana...Read full newsRead More

If the boredom has well and truly set in after weeks of travel restrictions and social distancing, you could always join metal traders in a game of lockdown lottery.Read full newsRead More

Barrick Gold Corp. says it will pursue all legal avenues to prevent what it's calling theRead full newsRead More

Shares of gold miners and funds dealing in the precious metal have rallied in recent weeks as the coronavirus crisis rocked global markets and investors raced to buy safe-haven assets.Read full newsRead More