Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and pauses are attracting further buying, with tin and nickel leading on the upside. US equity futures and many Asian-Pacific equity indices are setting record or multi-decade highs Base metals Three-month base metals prices on the LME were up by an...Read More
China's stainless steel prices moved up further in the past week on rising production costs.The three-month nickel contract on the London Metal Exchange ended Wednesday January 20's official trading session at $18,108 per tonne, up by $377 per tonne from $17,731 per tonne a week earlier.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 14,900-15,700 yuan ($2,303-2,427) per to...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...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.Fastmarkets assessed Cobalt alloy grade,...Read More
Privat Group's Zaporozhye plant in Ukraine has suffered a partial collapse in the roof of the building, damaging a meltshop at a time when manganese alloys markets are rallying to multi-year highs in Europe.The incident is being investigated to determine what caused the collapse in the roof of the building that fell onto the part of the melt shop that produced manganese alloys because the reason i...Read More
A summary of China's minor metals exports for December 2020.In brief China's exports of indium surged in December due to an uptick in restocking by overseas consumers who did not purchase much of the material in the preceding month. China's exports of silicon declined last month after many...Read More
Chinese exporters of silicon grade 5-5-3 continued to lower their offers last week amid scant interest from buyers abroad. Fastmarkets' weekly price assessment for silicon export 98.5% Si min, fob China was $1,850-1,880 per tonne on Friday January 15, down by $50-70 (3.1%) from $1,900-1,950 per tonne a week earlier. The price had been assessed at $2,000-2,020 per tonne at the beginning of last mon...Read More
China's leading stainless steel producer, Taiyuan Iron & Steel (Tisco), has set its ferro-chrome tender price for February delivery at 8,000 yuan ($1,237) per tonne, the highest tender price issued by a major stainless steel mill since October 2017. The latest tender issued by the northern China-based mill is up by 2,200 yuan ($340) per tonne from 5,800 yuan per tonne offered for January. This mar...Read More
A drop in scrap bid prices from a major South Korean steelmaker led to a weakening in the Japan steel scrap export market in the week to Wednesday January 20, market participants told Fastmarkets. The South Korean mill released bids on Wednesday at ?39,500 ($381) per tonne fob for H2, ?44,000 per tonne fob for plate and structural (P&S), ?45,000 per tonne fob for Shindachi and ?44,000 per tonn...Read More
If you blinked you might have missed the news last week but it was extraordinary: Rio Tinto (NYSE: RIO; LSE: RIO) and the Quebec government announced they are building a commercial-scale demonstration plant to produce scandium oxide in Canada - the first scandium oxide plant in North America.As Alisha Hiyate, the editor-in-chief of the Canadian Mining Journal and Diamonds in Canada magazine pointe...Read More
Wrapping up the second day of the Association for Mineral Exploration's (AME) Remote Roundup 2021 was a virtual session that brought together a group of industry experts who provided their perspectives on the commodities and financial markets.Danielle Mountjoy, a mining analyst at Sun Valley Gold, moderated the session and touched upon capital raising and business risks in today's markets and the...Read More
Ontario-focused Harte Gold (TSX: HRT; US-OTC: HRTFF) has announced plans to go ahead with an expansion of its Sugar Zone mine to 1,200 tonnes per day, from the current 800 tonnes per day throughput, based on strong feasibility study economics.The latest study suggests that an incremental $21 million in expansion capital could grow throughputs by 50% starting in the first quarter of 2023. As a resu...Read More
Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesDecade of performance: Pitram delivers diamond standard for Argyle diamond mineSPONSOREDmicromineMining share prices replicated the V-shaped recovery evident in other industry sectors during 20...Read More
Eldorado Gold (TSX: ELD; NYSE:EGO) is buying QMX Gold Corp. (TSXV: QMX) by acquiring all the shares it doesn't already own in the Quebec-focused explorer, in a deal worth $132 million (US$105 million).The friendly acquisition will see Eldorado, which currently owns about 68.13 million shares of QMX or roughly 17% of the junior, paying each QMX shareholder 7.5 ? in cash and 0.02 of an Eldorado com...Read More
First Mining Gold (TSX: FF) has released the results of a prefeasibility study on an 11-year, 30,000 tonne per day open pit operation at its Springpole gold project in northwestern Ontario, about 110 km northeast of Red Lake.The study suggests nine years of primary mining and processing, followed by just over two years of processing lower-grade stockpiles. Over the 11-year mine life, average annua...Read More
Beament says company in a position of strengthRead full newsRead More
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Nickel prices are drawing closer to the $20,000/t threshold required to spur investment in new supply. The LME three-month (3M) contract was up by more than 30pc year on year at $18,133/t yesterday, amid rising demand expectations and strengthening macroeconomic conditions.Read full newsRead More
Bravada Gold Corporation reports that all ordinary resolutions plRead full newsRead More