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Digital register LMEpassport to launch in 2021, starting with aluminium

December 17, 2020 / www.metalbulletin.com

LMEpassport, a new digital register for physical metals data, is to be rolled out by the London Metal Exchange in 2021, starting with aluminium and gradually phasing in other metals over the next three years.The digital register - part of a sustainability package that includes a spot trading platform and new contracts - is designed to provide a centralized transparency source, the data from which...Read More

LME off-warrant stocks show 1.6m tonnes extra aluminium; total stock up 4%

December 17, 2020 / www.metalbulletin.com

The London Metal Exchange's latest off-warrant stock data showed a month-on-month net rise of 78,092 tonnes of material held outside the LME network over October.Data collected by the LME showed that at the end of October there was 1.83 million tonnes of metal held off-warrant, up 4.3% from 1.81 million tonnes the previous month. This includes 1.6 million tonnes of aluminium, accounting for 85% of...Read More

CHINA REBAR: Prices bounce back; billet exporters return to market

December 17, 2020 / www.metalbulletin.com

China's rebar market recovered some losses on Wednesday December 16 amid reports that suppliers in the country were resuming the export of billet amid high international prices for the semi-finished product, though no transactions have emerged yet.DomesticEastern China (Shanghai): 4,160-4,190 yuan ($636-641) per tonne, up by 30 yuan per tonneEnd-user demand was stable during the day like on Monday...Read More

LIVE FUTURES REPORT 16/12: LME nickel the only faller while prospect of US stimulus boosts other base metals

December 17, 2020 / www.metalbulletin.com

LME nickel was the only metal to see its three-month price fall on the morning of Wednesday December 16, with the other base metals climbing on the prospect of a new Covid-19 stimulus package in the United States.Nickel's price edged down to $17,525 per tonne from Tuesday's closing price of $17,557 per tonne. The metal did reach its year-to-date high of $17,880 per tonne during trad...Read More

CONSUMER ELECTRONICS MARKET REPORT 16/12: Indium price supported by crude prices, futures market

December 17, 2020 / www.metalbulletin.com

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and Michael Greenfield in London, Susan Zou...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 16/12: Titanium prices jump again on tight availability, strong demand

December 17, 2020 / www.metalbulletin.com

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More

TITANIUM SNAPSHOT: FeTi hits almost 8-year high; scrap at 2015 high

December 17, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday December 16.Key drivers Ferro-titanium has jumped more than 11% during the week to Wednesday December 16 to a peak last seen in January 2013 amid a flurry of orders from consumers in the steel sector, both for prompt shipment and for deliveries in January and February. The titanium scrap markets, where supplies have been getting tig...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

December 17, 2020 / www.metalbulletin.com

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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

December 17, 2020 / www.metalbulletin.com

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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

December 17, 2020 / www.metalbulletin.com

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More

Pure Gold Mining sends first ore to the mill in Red Lake

December 16, 2020 / www.northernminer.com

Emerging miner Pure Gold Mining (TSXV: PGM; LSE: PUR) has introduced first ore to the mill at its PureGold mine in Red Lake, Ontario. With first gold production expected later this month, the company will moving on to a full-scale ramp up of the mining and milling activities in the next quarter."The introduction of ore to the milling facility reflects the successful culmination of our project buil...Read More

Surge Copper acquires option on 70% stake in Berg copper project

December 16, 2020 / www.northernminer.com

Explorer Surge Copper (TSXV: SURG) has entered into a definitive option agreement with Centerra Gold (TSX: CG) to hold the right to acquire a 70% interest in the Berg porphyry deposit in central British Columbia.Under the terms of the agreement, Surge can earn a 70% stake in the copper-molybdenum-silver project by issuing $5 million worth of its common shares and spending $8 million on the propert...Read More

Equinox to buy Premier Gold in US$480M all-stock deal

December 16, 2020 / www.northernminer.com

Equinox Gold (TSX: EQX; NYSE-AM: EQX) is buying fellow miner Premier Gold Mines (TSX: PG), which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.The all-stock deal valued at $612 million (US$480 million) hands Equinox Gold Premier's interest in the Hardrock project in Ontario, the Mercedes Mine in Mexico and the Hasaga and Rahill-Bonanza properties in...Read More

Canada Nickel signs unique agreement with First Nation at Crawford project

December 16, 2020 / www.northernminer.com

Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) is partnering with the Taykwa Tagamou First Nation to develop electric power for its Crawford nickel-cobalt sulphide project in Ontario's Timmins-Cochrane mining camp.Under a memorandum of understanding, the Taykwa Tagamou Nation will develop the electrical transmission assets to supply Crawford with reliable power and the junior exploration company...Read More

Aurania gathers evidence of ancient mine corridor at Lost Cities - Cutucu project

December 16, 2020 / www.northernminer.com

Aurania Resources (TSXV: ARU; US-OTC: AUIF) reported that it found more evidence of ancient roads and peculiar landforms that may be old prospecting or mine sites near its Lost Cities - Cutucu project in southeastern Ecuador. In detail, the Canadian miner found the roads in the vicinity of the Tiria-Shimpia silver-zinc-lead target area, which is developing into one of the larger mineralized areas...Read More

Rio Tinto's $6.75B Oyu Tolgoi expansion to kick off production in 2022

December 16, 2020 / www.northernminer.com

Rio Tinto (NYSE:RIO; LSE: RIO; ASX: RIO) unveiled on Wednesday that underground production from the Oyu Tolgoi copper-gold mine in Mongolia is slated to begin in October 2022, adding that it will come with a price tag of US$6.75 billion.When it was approved in 2015, Rio Tinto expected the expansion to cost US$5.3 billion and reach first sustainable production in early of 2021.In 2019, however, the...Read More

Iran export slab prices increase with new deals; billet market slow

December 17, 2020 / www.metalbulletin.com

Prices for steel slab in Iran's export market increased with new deals done over the week to Wednesday December 16, although billet prices remained stable, Fastmarkets learned.Iran's export billet prices are at their highest for the last 29 months, while Iran's steel slab export prices have reached their first new peak in 31 months.Iranian market participants expect a decline in the near future, h...Read More

Canada launches #Mining #Energy Benchmarking Platform

December 16, 2020 / bit.ly

Platform enables analysis of power generation and consumption at mine sites and provides data-driven insight into energy use productivity.Read full newsRead More

RT @MMGSilver: If you or your organization need masks, consider:

December 16, 2020 / getbraveface.com

Every purchase of these washable, three-layer masks directly supports Make-A-Wish British Columbia Yukon. Creating life-changing wishes for children with critical illness, Make-A-Wish recognizes that wishes are an integral part of a child's treatment journey. Delivery Notice: We are working hard to ensure all masks prRead full newsRead More

Top 19 Gold Mining Companies In The World

December 16, 2020 / dlvr.it

In this article we are going to list the top 19 gold mining companies in the world. Click to skip ahead and jump to the top 10 gold mining companies...Read full newsRead More

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