Seaborne coking coal prices increased in both the cfr and fob markets on Friday July 23 due to more trading activities, sources told Fastmarkets.Prices for seaborne pulverized coal injection (PCI) inched up in the cfr market in the week to July 23 due to tight domestic supply for high quality resources. The fob market also continued to increase due to strong coking coal prices, sources said.Fastma...Read More

Two of the biggest topics facing miners are electrification and automationSPONSOREDauto-mateZinc-lead discovery helps Zenith double market capSPONSOREDzenith mineralsHigh-grade Costerfield gold mine drives turnaroundSPONSOREDmandalay resourcesNZ heeds the call of Siren GoldSPONSOREDsiren goldThe company continues to evaluate a large-scale expansion at El Abra to process additional sulphide materia...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally stronger this morning, Friday July 23, the exception was lead on the LME that was down by 0.5%, but that was after a strong gain on Thursday. Lead, tin and nickel all pushed the boundary on the upside on Thursday with gains of 1.5% or moreEuropean Central Bank projected a dovish outlook on monetary po...Read More

There has been a string of divestments and acquisitions along the way to get to the model portfolio. But there is more work to do.Read More

CCR holds two projects in the DRC - one a near-term development asset called Mbamba Kilena and the other a 20% stake in an exploration play known as Titan, located next to Ivanhoe's giant Kamoa KakulaRead More

Sales totalled 929 million pounds of copper, 5% below the company's April estimate of 975lb."Logistics is an issue globally," Richard Adkerson, Freeport's CEO, said on the company's earnings call.Production was flat quarter on quarter at 913Mlbs, while average copper prices of US$4.34 (up from $3.94/lb in Q1) saw the company deliver net income of US$1.1 billion.Operating cash flow amounted to US$2...Read More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were generally stronger this morning, Friday July 23, the exception was lead on the LME that was down by 0.5%, but that was after a strong gain on Thursday.* Lead, tin and nickel all pushed the boundary on the upside on Thursday with gains of 1.5% or more* European Central Bank projected a dovish outlook on monetary...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US 79.59 cents following release of May Canadian Retail Sales at 8:30 AM EDT. Consensus was a drop of 3.0% versus a decline of 5.7% in April. Actual was a drop of 2.1%. Twitter added $3.93 to $73.50 after reporting higher than consensus seco...Read More

Global scrap prices remained broadly stable over the week to Friday July 23; trading remains subdued due to public holidays and a resurgence of Covid-19.Turkish mills remain silent on public holidayUnited States export market apprehensive of downward correctionChinese prices improve on rising demandVietnam market flat on lack of interestTaiwanese scrap prices impacted by Covid-19 related lockdownI...Read More

The inter-merchant light iron scrap market in the United Kingdom was steady in the week to Friday July 23, consolidating small gains from the previous week amid strong domestic fundamentals, despite quiet export sales to key destinations such as Turkey and the Indian subcontinent, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More

Base metals prices on the London Metal Exchange were mostly higher at the close on Friday July 23, with nickel up 2.3%.Nickel traded in a wide range between $18,830 and $19,410 per tonne on Friday. The three-month contract closed at $19,372 per tonne, up from $18,922 per tonne on Thursday. Traded volumes were relatively low however, with just over 6,700 lots traded by the 5pm close."This has been...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

Spot copper concentrate processing charge rose to its highest level since June last year, with the market firming up levels after a month of volatility.Smelter deals concluded for clean spot concentrates at low-to-mid $50s, including shipment diverted as a result of a smelter outage in Yantai. Major smelters...Read More

China's alumina price has risen after severe floods in Henan province led to the closure of several local refineries, market sources told Fastmarkets.Fastmarkets' weekly price assessment for alumina metallurgical grade, exw China was 2,425-2,560 yuan ($375-397) per tonne on Thursday July 22, widening upward by 60 yuan per tonne from 2,425-2,500 yuan per tonne one week earlier, after offe...Read More

When Jake Klein spoke about Evolution Mining at the Northern Miner's Global Mining Symposium in May, the company's founder and executive chairman emphasized that his team was "continually looking to upgrade the portfolio" and predicted that "the next ten years are going to be even more exciting" than the previous decade.It was a bold forecast. After all, the Australian gold miner has grown quickly...Read More

Call it cross-pollination: Mining companies in Australia are taking up projects in Canada and Canadian mining companies are enthusiastic about projects in Australia. Here are eight companies to watch.FOCUS MINERALSFocus Minerals (ASX: FML; US-OTC: FCSUF) has two 100%-owned gold projects in Western Australia - Coolgardie and Laverton. Total resources in all categories at both projects contain 6.1 m...Read More

The flooding caused by torrential rains that have battered central China's Henan province since last weekend has disrupted logistics and deliveries there although production remains largely unaffected, market sources told Fastmarkets.Henan, one of China's most populous provinces, is a major production hub for base metals including lead, zinc, copper and nickel. Some regions of the province, inclu...Read More

Norwegian-based aluminium and renewable energy producer Norsk Hydro released a summary of financial and production results for the second quarter of 2021 on Friday July 23.In brief: Norsk Hydro reported a 36% increase in total revenue generated in the second quarter of 2021, compared with the same quarter in 2020. Adjusted earnings before financial items, tax, depreciations, and amortization (EBIT...Read More

BHP (ASX: BHP, NYSE: BHP LSE: BHP), the world's largest miner, has inked a conditional agreement with a unit of Westshore Terminals Investment for its Jansen potash project in Canada.The deal, Westshore said, is subject to approval by BHP's board and dependent on whether BHP moves ahead with the first phase of its long-delayed potash project in Saskatchewan.Vancouver-based Westshore has agreed to...Read More

London Metal Exchange tin prices traded at fresh all-time highs of $34,700 per tonne on Friday July 23, with base metals starting the day in an uptrend despite mixed data from Europe's manufacturing industry.The metal had continued to make gains after Thursday's 5pm close of $34,195 per tonne, and experienced small clips of buying beyond algorithmic trades during morning trading before the market...Read More