Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process.The rebound in the dollar in recent weeks seems to be acting as a headwind.Base metalsThree-month base metals prices on the LME were mixed this morning, with aluminium, nickel and lead weaker and down by an a...Read More

The export market for flat steel products from the Commonwealth of Independent States (CIS) weakened in the seven days to Monday January 18, amid growing competition from Chinese suppliers offering lower prices. Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS was $765-780 per tonne on Monday, down from $785-790 per tonne a week earlier...Read More

A summary of multinational mining company Rio Tinto's fourth-quarter 2020 production results from its latest production report released on Tuesday January 19. In brief  Iron ore production at Pilbara (100% basis) in the fourth quarter and the full year of 2020 were higher year on year, despite weather disruptions and strict safety measures due to Covid-19 in the second quarter. Iron ore...Read More

Seaborne coking coal prices were relatively flat on Tuesday January 19 with no trades heard, sources told Fastmarkets. Fastmarkets indicesPremium hard coking coal, fob DBCT: $123.81 per tonne, down $0.34 per tonnePremium hard coking coal, cfr Jingtang: $208.44 per tonne, down $0.25 per tonneHard coking coal, fob DBCT: $101.54 per tonne, unchangedHard coking coal, cfr Jingtang: ...Read More

Iron ore prices have bucked the upward trend on Tuesday January 19 amid weakened sentiment in the market, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $171.33 per tonne, down $2.74 per tonne62% Fe low-alumina fines, cfr Qingdao: $171.60 per tonne, down $3.06 per tonne58% Fe fines high-grade premium, cfr Qingdao: $159.69 per tonne, down $1.20 per tonne65% Fe Braz...Read More

Costco (COST), an S&P 100 stock moved below $359.50 setting an intermediate downtrend.South Africa iShares (EZA) moved above $45.40 extending an intermediate uptrend.Pre-opening Comments for Tuesday January 19thU.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade.Goldman Sachs gained $5.98 to $306.99 after reporting higher than consensu...Read More

China's hot-rolled coil prices tumbled on Tuesday January 19 after data showing the country's steel output hitting a new high in 2020 triggered speculation that the government might restrict exports.DomesticEastern China (Shanghai): 4,480-4,520 yuan ($690-697) per tonne, down 50-70 yuan per tonneSeveral Shanghai-based traders said they had to lower their offers throughout the whole day amid thin t...Read More

Copper was the only base metal on the London Metal Exchange to register a gain during morning trading on Tuesday January 19, while aluminium's forward price continued to drop and tin recorded the biggest decline, with the complex still capped by a firm dollar.Copper's three-month price was up a slight 0.2% as at 9am on Tuesday.The red metal price has been on a steady path of recovery since a low o...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...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 transparencyinto the markets it covers and the pricing process it applies....Read More

Base metals prices on the London Metal Exchange were mixed this morning, Tuesday January 19, but aluminium prices have followed recent weakness in zinc, breaking support levels in the process. The rebound in the dollar in recent weeks seems to be acting as a headwindBase metals Three-month base metals prices on the LME were mixed this morning, with aluminium, nickel and lead weaker and down by an...Read More

After an extended consultation period, Fastmarkets has decided to amend its discount assessment for No2 copper scrap imported into China so that it is aligned with the country's new import policy for such material.Following new policy implemented in China on January 1, 2021, all copper scrap must now meet certain criteria to be reclassified as "recyclable copper material" before it is allowed to e...Read More

Chinese copper producer Jiangxi Copper and Canada-based First Quantum have not agreed to a contractual supply of intermediate copper products for 2021, Fastmarkets has learned. Despite discussions extending into mid-January, Jiangxi Copper - a major importer of unrefined copper - and First Quantum - operator of Zambian copper-gold project Kansanshi - were not able to agree to a deal for contracted...Read More

The first day of the Association for Mineral Exploration's (AME) Remote Roundup featured a government industry forum that brought together industry experts from across Canada and, for the first time, overseas, to discuss unlocking the potential of metals critical to the economy and a greener future and the challenges of permitting and engagement with First Nations. Moderated by Kendra Johnston, t...Read More

British miner Kabanga Nickel, formerly known as LZ Nickel, has inked a framework agreement with the government of Tanzania to develop the world's largest battery-grade nickel sulphide deposit in the country's northwest.As part of the deal, the parties have created a joint company called Tembo Nickel Corp., which will mine, process and refine class 1 nickel with cobalt and copper co-products.Kabang...Read More

SolGold (TSX: SOLG; LSE: SOLG) announced that Nick Mather would step down as CEO after 13 years at the helm of the company.His resignation comes after Mather was handed a strong rebuke at the company's annual meeting in mid-December, when nearly half (44.7%) of shareholders voted against his reappointment to the board.Solgold, backed by BHP (NYSE: BHP; LSE: BHP) and Newcrest Mining (TSX: NCM; ASX:...Read More

This week's episode features the Thought Leadership Panel on cloud technology at the Global Mining Symposium virtual conference. Guests include Nolan Finch, worldwide technical leader for mining at AWS, Dave Lindon, general manager at OpsGuru, and Jeremy Tooley, CEO and president of Xerris. The panel, moderated by Northern Miner senior reporter Carl A. Williams, discussed the benefits of cloud com...Read More

Americas-focused precious metals producer Pan American Silver (TSX: PAAS; NASDAQ: PAAS) has reported its 2020 production results and provided guidance for 2021.Last year's silver and gold output - at 17.3 million silver oz. and 522,400 gold oz. - came in just below prior forecasts for 18 to 19 million oz. of silver and 525,000 to 575,000 oz. of gold. (In the fourth quarter of 2020, Pan American ge...Read More

In mid-January it was announced that the next G7 Summit will be held at the tiny seaside village of Carbis Bay on Cornwall's north coast. The June 11-13 meeting at the Carbis Bay Estate, near St Ives, will be the first face-to-face meeting of world leaders for nearly two years (last year's G7 meeting in the United States was cancelled because of the Covid pandemic, and the Saudi-hosted G20 meeting...Read More

Empress Royalty (TSXV: EMPR) has made an impressive start for a company in just six months.Since its creation in July 2020, the global precious metals royalty and streaming investment company has already built a portfolio of 14 precious metal royalties, 13 of which are exploration-stage gold royalties in Canada. These include near term producer Candelaria Mining's (TSXV: CAND) Pinos project in...Read More