Key data from Fastmarkets' pricing session in China on Friday June 25.Key drivers: The antimony price in China moved up with cargo holders raising offer prices amid tight market supply. Sources said that only a limited number of producers...Read More
Key data from the Friday June 25 pricing session in London and Beijing.Key drivers Cobalt hydroxide payables held steady last week, but some suppliers were considering pushing these up on rising prices for cobalt salts downstream - which had been trending upward since the middle of June - and growing optimism amid continual increases in benchmark metal prices. Chinese...Read More
Key data from the Friday June 25 pricing session in China.Key drivers China's cobalt metal market rose further due to strengthening Chinese futures amid bullish sentiment following continuous increases experienced by global benchmark metal prices. Most sellers held back from selling in anticipation of higher prices in July. Some cobalt tetroxide suppliers kept their offers steady...Read More
Demand for greener energy has put companies with uranium and base metal projects under the spotlight. Here's a list of the top ten Canadian-headquartered base metal and uranium juniors with no production. The ranking is based on the companies' market capitalization as of June 3, and compiled by MiningIntelligence.NexGen EnergyMarket cap: $2.7 billion (US$2.3 billion)The world-class core processing...Read More
The German steel industry has called for further support and policy after the Climate Protection Emergency Program 2022, and for the program to widen its scope to other material alternatives, Fastmarkets learns.The steel scrap association BDSV criticized the Climate Protection Emergency Program 2022 which heavily focused on hydrogen-based steel production for green steel manufacture, and not steel...Read More
Callinex Mines (TSXV: CNX; US-OTC: CLLXF) is preparing to follow up on two silver discoveries made at its Nash Creek project last year in the Bathurst mining district of New Brunswick.Personnel and a drill rig are being mobilized to commence an up to 4,000-metre drilling campaign to drill test 10 km of the 18 km Black Point Arleau Brook fault, the company announced today.This drill program will...Read More
Demand for tin used in electronics soared to record highs in the first half of 2021, outpacing supply and underpinning a more than 52% price rally on the London Metals Exchange in the past six months, new analysis by IndexBox, Inc. shows. A deficit in shipping containers caused delays in deliveries from Southeast Asia and Latin America while the pandemic spurred a decline in unrefined tin exports...Read More
Miner and commodities trader Glencore (LSE: GLEN) is buying out partners Anglo American (LSE: AAL) and BHP's (ASX, LON, NYSE: BHP; LSE: BHP; ASX: BHP) stakes in the Cerrej??n thermal coal mine in Colombia, defying previous reports that said it was looking to walk away from the asset.The Swiss company expects to pay US$588 million in cash for the combined 66.6% stake owned by Anglo and BHP when...Read More
The Dow Jones Industrial Average jumped 3.37% to finish the week at 34,433.84 and the S&P 500 climbed 2.74% to 4,280.70. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce. Rio Tinto rose US$3.98 to US$85.02 per share. The company has partnered with French electrical equipment group Schneider Electric to utilise each other's materials and services, the companies said on Ju...Read More
The S&P/TSX Venture Composite Index rose 0.18% to finish the trading week at 948.51. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per ounce.New Found Gold rose 63 ? to $12.08 per share. The company released the latest assays from the Lotto zone at its 100%-owned Queensway gold project in Newfoundland, 15 km west of Gander. Highlights included drillhole NFGC-21-201, which inters...Read More
The S&P/TSX Composite Index rose 1.15% to 20,230.26 during the June 21-25 trading week. The S&P/TSX Global Mining Index climbed 2.53% to 106.87, and the S&P/TSX Global Base Metals Index soared 6.40% to 168.29. Spot gold increased by US$17.70 per oz., or 1%, to US$1,781.50 per oz., and the S&P/TSX Global Gold Index fell 1.44% to 294.17.Equinox Gold fell $1.02 to $8.84 per share. On June 22, the co...Read More
The European Commission (EC) officially confirmed the move to extend the existing safeguard measures on imported steel into the European Union by three years in an announcement made late afternoon on Friday June 25.The measures imposed on 26 steel products imported into the EU will remain in place until June 30, 2024, with quota volumes for the products increasing by 3% year-on-year, the commissio...Read More
Russian aluminium will carry an export duty of 15% plus $254 per tonne from August 1 through December 31, the Russian government's press service confirmed.Export duties were approved on 340 non-ferrous and steel products, after Russian Prime Minister Mikhail Mishustin signed an official decree last Friday June 25. Primary aluminium, under harmonized system code 760110, will also be taxed.Some more...Read More
Perpetua's sustainable mining to bring only US antimony supplySPONSOREDperpetua resourcesArgentina: the future of uraniumSPONSOREDblue sky uraniumE3 Net-Zero Lithium: the next generation of lithium productionSPONSOREDe3 metals corpOrford's summer news flow forecast to flood inboxesSPONSOREDorford miningThe base metal play is chicken feed for a company the size of Anglo American but its fin...Read More
Gold price flatRead full newsRead More
Mine worker in Northern Territory who tested positive is believed to have caught virus in hotel quarantine in QueenslandRead full newsRead More
VANCOUVER, BC, June 22, 2021 /CNW/ - Nevada King Gold Corp. (TSXV: NKG) ('Nevada King' or the 'Company') is pleased to to announce it has commence...Read full newsRead More
Aldebaran Resources Inc. is pleased to announce that the Company's common shares commenced trading today on the OTCQX (R) BesRead full newsRead More
Gold has proven its value time and again. Last year, gold revived several portfolios from the economic turmoil that we went through. However, gold has not been performing well lately. Its lustre appears to be losing its value with long-term investors, as growth stocks are revived as the investment of choice for many investors right now.Accordingly, now may be the time to start considering some out...Read More
Answering questions by a special House subcommittee yesterday, Federal Reserve Board Chair Jerome Powell admitted that inflation in the U.S. has risen to levels higher than previously expected, before reiterating the Fed's stance that higher inflation is only temporary."I will say that these effects [inflation] have been larger than we expected," the Fed chair told lawmakers, "But the incoming dat...Read More