Comex copper prices dipped in morning trading on Wednesday April 25 amid a rising dollar and a lack of fresh catalysts. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.40 cents or 0.4% to $3.1280 per lb. The contract has been unable to set clear price direction over the past few weeks....Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 25*Copper -$100.57 (-636.09 yuan) Aluminium -$435.30 (-2,753.17 yuan) Zinc -$81.35 (-514.50 yuan) Nickel -$741.56 (-4,690.14 yuan) *The physical arbitrage numbers...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
CLSA's Andrew Driscoll has topped the base metals leader board in the Apex first-quarter 2018 contest, with an accuracy rating of 98.56%, while Georgette Boele of ANB Amro was top of the precious metals table with 98.20% accuracy.Click on the image below to download the full report. Second in the base metals leader board is Edward Meir of INTL FCStone with 98.43% accuracy, while Citi's Nell Agate...Read More
Export volumes of stainless flat steel products from China rose in March this year in both monthly and annual comparisons, with market activity resuming in the region after February's lull for the lunar new year celebrations.Shipments totaled 316,452 tonnes in March, up by 6.6% from 296,748 tonnes in March 2017, according to Chinese customs data released on Tuesday April 24.This volume was also 30...Read More
Japan's crude steel output increased in March compared with a year earlier, according to the latest data from the Japan Iron & Steel Federation (JISF).The country produced 9.08 million tonnes of crude steel last month, up 2.2% on the year. Electric-arc furnaces accounted for 25.3% of this output while the remainder was produced using...Read More
Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues. SHFE nickel prices have trended down since the most-traded SHFE July nickel contract hit a high of 109,790 yuan ($17,396) per tonne on April 18, the highest since May 201...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday April 25.NB: prices...Read More
Beijing has come a long way since its experimental days with HMAS Melbourne in the late 1980s...Read full newsRead More
The annual May sell-off arrives early for mining, but it could last a whileRead full newsRead More
While Israel wantsRead full newsRead More
"Leverage in the U.S. is grotesque for this stage of the cycle. At the moment you've got peak leverage at peak prices. It's not like you have to dig deep to find a problem."Read full newsRead More
To celebrate the life of Peter Munk (1927-2018), founder of Barrick Gold and recipient of The Northern Miner‘s Lifetime Achievement Award, we have prepared this video tribute (see detailed slide notes below).Read Trish Saywell’s feature story on the life of this remarkable man: “Mining titan and philanthropist Peter Munk's lifetime of achievement.” Peter Munk sli...Read More
Colombia's State Council revoked a provincial judgment that allowed for a mining referendum in the municipality of Une, located in the central Cundinamarca state. According to W Radio, the council endorsed a plea introduced by mining workers against a ruling by the Cundinamarca Administrative Court, which declared constitutional the question that was going to be asked to Une residents regarding wh...Read More
Kyrgyz state-owned gold miner Kyrgyzaltyn said Wednesday it has yet to see an offer by Chaarat Gold Holdings to acquire Centerra Gold's Kumtor mine, which is the Central Asian nation's largest gold operation.Speaking to Reuters, Kyrgyzaltyn chief executive Bektur Sagynov said the company would have to study Chaarat offer, which would make the London-listed miner Kumtor's operator, while Kyrgyzalty...Read More
Canada's Pangolin Diamonds (TSX-V:PAN) has found its first diamond at the Jwaneng South Project in Botswana, which is located about 100 km south of the Jwaneng diamond mine, the world's richest.Pangolin is led by Leon Daniels, the same geologist who discovered the kimberlite pipe that produced the giant Lesedi La Rona diamond. The white diamond, measuring about 1 mm, was recovered from a soil s...Read More
Shares in Chilean miner Antofagasta Plc. (LON:ANTO) dove Wednesday after the company reported marked drops copper and gold production during the first quarter of the year, due mostly to lower quality ore.Miner said it had expected to begin the year with poorer grades, but would move to higher quality ores as the year went on.The miner said copper output fell by 10.5% to 153,800 tonnes compared w...Read More
On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place.Greenpeace, WWF, SEO/BirdLife, Ecologists in Action, and Friends of the Earth accused the Andaluc?-a council of relaxing administrative and legal requirements to ease the way for...Read More
TORONTO ,April 24, 2018/CNW/ - RNC Minerals (RNX.TO) (Read full newsRead More
Minotaur Exploration (ASX: MEP) announced today that it has signed a binding Heads of Agreement with Andromeda Metals (ASX: ADN), according to which the latter may earn up to 75 per cent interest in Minotaur's kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years. According to Minotaur, the assets comprise three tenements containing seve...Read More