Chinese copper producer Jiangxi Copper will become the largest shareholder of Canada-listed First Quantum Minerals (FQM) after its $1.12-billion purchase of PIM Cupric Holdings (PCH), which holds around 18.015% of FQM's issued shares. "The transaction is in line with the company's international strategy," Jiangxi Copper said in a filing to the Shanghai Stock Exchange on Tuesday November 10. Jiangx...Read More

Save Canadian Mining...Restore the uptickrequirement If someone wanted to destroy the Canadian junior mining industry, that person couldn't do a better job than is currently being done by banks, brokers, traders and regulatory agencies. Permitting stocks to be shorted on downticks (as a stock is moving down in price) is outrageou...Read More

Key market indices closed higher around the globe yesterday and most futures were looking up at the time of writing.News out of Indonesia boosted copper and nickel prices in London, Marex Spectron said, referring to reports the country's  copper concentrate output was below target and it would double royalties on sales of nickel ore to 10%.Copper closed almost 1% higher while nickel rose 3.4%...Read More

The JORC resource for Koroua Island is 52.7 million tonnes at 13.3% heavy minerals, which includes over 1Mt of iron minerals, largely magnetite, plus there are traces of gold and rare earth minerals that require further investigation.  The total resource for Sigatoka is now over 184Mt across Koroua Island, Sigatoka River and Kulukulu. The Kulukulu foreshore appears to be more concen...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday December 11 that are worth another look.Japan's Kanto Tetsugen has secured a higher price at its ferrous scrap auction for December, which is likely to boost sentiment in the Asian market for the steelmaking raw material.The emergence of a contango in London Metal Exchange aluminium spreads for early next year helped...Read More

The company has added more than 1,100 new staff over the past two years and has outgrown its Applecross office. Its new facility in Subiaco is currently being fit out.Read More

Chinese copper producer Jiangxi Copper will become the largest shareholder of Canada-listed First Quantum Minerals (FQM) after its $1.12-billion purchase of PIM Cupric Holdings (PCH), which holds around 18.015% of FQM's issued shares. "The transaction is in line with the company's international strategy," Jiangxi Copper said in a filing to the Shanghai Stock Exchange on Tuesday November 10. Jiangx...Read More

Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata") is pleased to announce that Tango Tango, a FirstNet Certified?,,? Push-to-Talk application and communications service provider, has partnered with Siyata to offer the Uniden (R) UV350 dedicated in-vehicle device to its first responder customers in the United States.Tango Tango uses advanced networking...Read More

By: Ira EpsteinImpeachment in the news. US/Chinese trade deal still unknown. Gold weekly chart has gone flat. Gold needs to hold above $1,450 area..Read More

Everything will depend on trade deal and impeachment news of Trump. UK election result will have only a temporary effect. Traders will start taking positions for early January from next week. Forget your bullish or bearish biases for any investment and be ready to make some good profit. The next four days for the investment world will be similar to playing a T20 cricket match. I was a bit disapp...Read More

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

Key data from Fastmarkets' pricing session in Europe on Wednesday December 11.Key drivers  Price ranges in the alloy and scrap markets have widened over the past week, with sales reported for ferro-silicon at either end of its new price assessment.Low-tin titanium scrap was also trading at slightly higher price levels, although some sources said the market is fairly stable, with a b...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday December 11.Key drivers  Price ranges in the alloy and scrap markets have widened over the past week, with sales reported for ferro-silicon at either end of its new price assessment.Low-tin titanium scrap was also trading at slightly higher price levels, although some sources said the market is fairly stable, with a b...Read More

When Gay Huey Evans attended her first London Metal Exchange dinner in 1999, she was head of markets at former UK regulator the Financial Services Authority (FSA) - some 20 years later she was there as LME chair elect, the first woman appointed to the role. "As a regulator I would send my markets people and occasionally come to learn a little bit more about commodities. I remember sitting in the b...Read More

Hot-rolled coil prices in the United States continue to hover around the $28-per-hundredweight ($560-per-short-ton) threshold in a mostly muted market.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $28.04 per cwt ($560.80 per ton) on Wednesday December 11, up by 0.3% from $27.96 per cwt on December 10 and up by 0.4% from $27.93 per cwt a week...Read More

European producers of heavy steel plate have been targeting domestic price rises this week, sources told Fastmarkets on Wednesday December 11.The price recovery was due to combination of higher slab costs for re-rollers, some recovery of demand due to re-stocking activity and a positive mood in the EU coil market, sources said.Fastmarkets' weekly price assessment for steel, domestic, pla...Read More

Domestic prices for cold-rolled coil in Europe increased across the board over the past week, sources told Fastmarkets on Wednesday December 11.The rise of CRC was driven by combination of demand improvement owing to restocking activity, production cuts across Europe and higher hot-rolled coil prices, the material used as feedstock for CRC production.On December 11, Fastmarkets' steel...Read More

The price of mesh-quality steel wire rod in the European domestic market was unchanged this week due to a lack of activity, sources told Fastmarkets on Wednesday December 11. Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?440-460 ($487-510) per tonne on December 11, unchanged week on week.Fastmarkets' assessment for...Read More

Turkey is calling for a level playing field when it comes to trading with the European Union and the United States, Turkish steelmakers said during a panel discussion at Fastmarkets' Middle East Iron and Steel conference in Dubai.Speaking on Tuesday December 10 in a panel discussion about the protectionism Turkish steel faces in its major steel export markets, panelists said they were on...Read More

The price of steel rebar in the Northern European domestic market was unchanged this week, but increases could soon take place because of rising scrap costs, sources told Fastmarkets on Wednesday December 11. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?475-485 ($526-537) per tonne on Wednesday, unchanged from a week...Read More