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CHINA MINOR METALS MARKET REPORT 10/07: Antimony up on high offers; magnesium dips on slow demand

July 11, 2020 / www.metalbulletin.com

An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More

Glencore's Katanga production uninterrupted despite Covid-19 cases

July 11, 2020 / www.metalbulletin.com

Production at Glencore's Katanga copper and cobalt mine in the Democratic Republic of the Congo (DRC) has been uninterrupted by the confirmation of six Covid-19 cases at the operation.Closure of the mine is unlikely although the possibility has not been ruled out, Fastmarkets understands. The six...Read More

EUROPE STAINLESS STEEL: Prices slide on weak demand

July 11, 2020 / www.metalbulletin.com

The price of stainless steel in the European domestic market has dropped this week because of low demand, sources told Fastmarkets on Friday July 10.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?1,930-2,000 ($2,185-2,264) per tonne on Friday, down by ?,?50 per tonne week on week.Read More

DAILY STEEL SCRAP: Turkish mills resume deep-sea bookings; prices inch down

July 11, 2020 / www.metalbulletin.com

Turkish steel producers resumed deep-sea scrap purchases at the end of the week at slightly lower prices, sources said on Friday July 10.A steel mill in the Izmir region booked a cargo from the United States, comprised of shredded scrap at $258 per tonne and bonus-grade scrap at $263 per tonne cfr.Another steel mill in the Marmara region also booked a US cargo at $255 per tonne cfr for a...Read More

Shipping lines holding back from non-ferrous scrap shipment to China

July 11, 2020 / www.metalbulletin.com

Some US, French and German shipping lines have stopped handling shipments of non-ferrous scrap material to China, citing concerns over the delayed launch of a policy in the East Asian country to trade scrap as renewable materials.Some shipments scheduled to arrive in mainland China and Hong Kong before September 1, 2020, have been cancelled by the shipping companies as a result, industry sources s...Read More

Majors keen to avoid sins of the past

July 10, 2020 / www.mining-journal.com

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources This is partly of their own doing; the impressive capital discipline they have shown over the past half a decade...Read More

Porgera mine dispute escalates for Barrick, Zijin

July 10, 2020 / www.northernminer.com

Barrick Gold (TSX: ABX; NYSE: GOLD) has served a dispute notice to the Papua New Guinea (PNG) government over the country's refusal to renew a licence for the Porgera mine.The world's second-largest gold producer says that PNG's decision to reject the application for the lease extension violated a bilateral investment treaty between the country and Australia, as well as international law governing...Read More

Chile struggles to maintain copper production as coronavirus spreads

July 11, 2020 / www.northernminer.com

Workers at Chile's giant copper mines are caught between the urge to protect themselves and pressure to keep the country's economy moving.Since declaring a state of emergency in March to deal with the Covid-19 pandemic, the Chilean government has tried to maintain a difficult balance between slowing the spread of the disease and shielding the economy through the inevitable downturn. Mining compani...Read More

Baker Hughes reports U.S. oil-rig count down by 4 this week - MarketWatch

July 10, 2020 / www.marketwatch.com

Baker Hughes undefined on Friday reported that the number of active U.S. rigs drilling for oil edged down by 4 to 181 this week. That followed a decline of 3...Read full newsRead More

Illegal mining threatens Brazil's last major isolated tribe

July 10, 2020 / dlvr.it

BRAZIL-INDIGENOUS/MINING (INSIGHT, PIX, GRAPHIC):INSIGHT-Amazon gold rush: illegal mining threatens Brazil's last major isolated tribeRead full newsRead More

First Mining set for huge uplift in value as pre-feasibility work accelerates at Springpole

July 10, 2020 / dlvr.it

First Mining is beginning to make waves on international equity marketsRead full newsRead More

First Mining set for huge uplift in value as pre-feasibility work accelerates at Springpole

July 10, 2020 / dlvr.it

First Mining is beginning to make waves on international equity marketsRead full newsRead More

RT @Investor_Intel: $GGM.V up +25% in June on news: #GranadaGold Outlines 2020 High-Grade Exploration Program

July 10, 2020 / bit.ly

June 2, 2020 (Source) - Granada Gold Mine (TSXV: GGM) ("Granada Gold" or the "Company") is pleased to provide an update of ...Read full newsRead More

Junior gold stocks explode after gold closes Q2 above $1800 -- Read it here:

July 10, 2020 / www.kitco.com

Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More

INK Ultra Money: Inside the COVID-19 Vaccine Project

July 10, 2020 / www.canadianinsider.com

Today, we look at a battery metals stock that could be set to join the liquidity party. But first, we have a fantastic interview with Dr. Kayvon Modjarrad, director of the Emerging Infectious Diseases Program at Walter Reed Army Institute of Research. Ash Bennington gets Dr. Modjarrad to explain where we are in the global COVID-19 vaccine development cycle and what the components will be of a suc...Read More

The Bearish Combination of Soaring Silver and Lagging GDX Miners / Commodities / Gold & Silver 2020

July 11, 2020 / www.marketoracle.co.uk

Silver is moving up quite shortly today, whichsounds bullish, until one realizes that silver tends to be particularly strongright before the precious metals market tops. And you know what’s the otherthing that quite often happens at the tops, in addition to silver’s temporarystrength? Miners tend to underperform. What did goldminers do on the last trading day of the previous week? Min...Read More

Brazilian steel slab export prices inch down on US quota issues

July 12, 2020 / www.metalbulletin.com

Brazilian steel slab export prices narrowed downward in the week ended Friday July 10 because the country's quota for steel imports into the United States has approached its limit.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, narrowed downward by $10 for the second consecutive week on Friday, to $375-380 per tonne, from $375-390 per tonne a week earlier.Past of...Read More

Eurofer urges GFSEC to increase efforts to deliver global steel production cuts

July 12, 2020 / www.metalbulletin.com

European steel association Eurofer is urging the Global Forum on Steel Excess Capacity (GFSEC) to intensify efforts to tackle global steel overcapacity. The forum, comprising the G20 group of developed nations and the Organisation for Economic Cooperation & Development (OECD), held its most recent meeting on July 8-9, with steel stakeholders meeting earlier this week, on July 7. Eurofer has called...Read More

FERROUS WEBINAR: Steady hopes; downside lingers

July 12, 2020 / www.metalbulletin.com

Market participants in the US ferrous supply chain attending aFastmarkets webinar on June 30 expected prices to be largely stable in the coming months, but benchmark indicators continue to track downward as an uneven reopening of the United States economy clouds the outlook. About 62% of respondents to a poll held during the webinar - titled "Sunny days ahead?" - expected hot-rolled coil...Read More

Next Steps for Silver are $27 and $58 (Trade of a Lifetime)

July 11, 2020 / www.silverdoctors.com

The risks to the downside for silver are quite low since it has been so unloved. We could have a nice move higher for silver once most of the...Patrick Karim on Palisade RadioTom welcomes Patrick Karim back to the show to discuss his latest charts on silver. Patrick is a proprietary capital manager and chart trader.Patrick is cautiously optimistic about precious metals and, in particular, silver....Read More

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