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MB NON-FERROUS PRICE CHANGES 23/03: Minor metals

March 23, 2018 / www.metalbulletin.com

The following Metal Bulletin minor metals prices changed on Friday March 23:Antimony MB free market regulus, $/tonne: $8,500-8,775 per tonne from $8,650-8,800 Antimony MMTA standard grade II, $/tonne: $8,500-8,675 per tonne from $8,550-8,750 Bismuth MB China domestic, yuan/tonne: 69,000-70,000 yuan per tonne from 70,500-71,000 yuan Cadmium MB free market min 99.95%, cents/lb: 155-160 per lb from 1...Read More

CHINA MINOR METALS MARKET REPORT 23/03: Indium, tellurium prices rise over 8%; selenium falls

March 23, 2018 / www.metalbulletin.com

An overview of China's minor metals markets in the week of March 19-23 and the reasons for any price moves.Read More

Chalco's Guangxi gallium plant to halt operations for planned maintenance [UPDATED]

March 23, 2018 / www.metalbulletin.com

Aluminum Corp of China's (Chalco) gallium plant in the Chinese province of Guangxi will suspend operations for planned maintenance in April to mid-May, market sources told Metal Bulletin."The stoppage [in Guangxi] is for normal facility maintenance and will remove three to four tonnes of gallium from the physical market [during the period]," according to one market source. Chalco, which is the lar...Read More

China AM: Ferrous futures sell-off as China-US trade tensions mount

March 23, 2018 / www.metalbulletin.com

Ferrous futures in China plunged during the morning trading session amid trade tensions between the country and the United States, with both announcing tariffs on each other's products.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,406 yuan per tonne, down 79 yuan per tonne May hot-rolled coil: 3,554 yuan per tonne, down 64 yuan per tonne Dalian Commodity Exchange...Read More

China's stainless steel prices fall further amid nickel losses, destocking pressure

March 23, 2018 / www.metalbulletin.com

Domestic stainless steel prices in China remained in a downward trend over the past week amid a softening nickel market.Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,300-15,100 yuan ($2,259-2,386) per tonne including VAT for the week ended Thursday March 22, down 200 yuan per tonne from a week earlier....Read More

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 23/03

March 23, 2018 / www.metalbulletin.com

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday March 23:Aluminium scrap Floated Frag: ?,?1,270-1,290 per tonne from ?,?1,270-1,300 Cast:...Read More

British Columbia allows sand mine on Indigenous land

March 21, 2018 / www.mining.com

British Columbia's ministries of environment and energy have issued an environmental assessment certificate to BURNCO Rock Products' 70-hectare sand, gravel and rock mine, located on the northwest shore of Howe Sound.Known as the BURNCO project, the mine sits approximately 22 kilometres southwest of Squamish and on the traditional territories of the Squamish Nation, Tsleil Waututh Nation, and Musq...Read More

China strikes back in trade spat, aims tariffs at $3 billion U.S. goods

March 22, 2018 / www.mining.com

China unveiled plans on Friday to impose tariffs on up to $3 billion of U.S. imports in retaliation against U.S. tariffs on Chinese steel and aluminum products, as the world's two largest economies stood on the brink of a trade war.China was considering a 15 per cent tariff on U.S. products including dried fruit, wine and steel pipes and a 25 per cent tariff on pork products and recycled aluminium...Read More

BHP sees limited impact on steel market from US new tariffs -exec

March 22, 2018 / www.mining.com

TOKYO, March 22 (Reuters) - Global miner BHP anticipates planned new U.S. steel import tariffs will have a limited impact on both the steel market and the firm, and doesn't foresee a chain reaction from other countries, a senior official said on Thursday."I think direct impact on steel is quite marginal because the United States is not such a big steel producer," Arnoud Balhuizen, chief commercial...Read More

U.S. govt to accept metals tariffs exclusion requests from Monday

March 18, 2018 / www.mining.com

The U.S. Commerce Department said it will begin accepting requests on Monday for product exclusions from President Donald Trump's new steel and aluminum import tariffs, but it could take up to 90 days for the agency to make determinations.In a notice published on Saturday on the Federal Register website, the Commerce Department said the effective date would be March 19 for its rules and procedures...Read More

Merkel, Xi agree to work on steel overcapacity within G20

March 18, 2018 / www.mining.com

German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.In a telephone discussion, the two newly reelected leaders emphasised close ties between the two countries, both facing planned U.S. steel and aluminium tar...Read More

B.C. miners halt exploration program to address community concerns

March 24, 2018 / www.mining.com

Following a community outcry, Aben Resources (TSX-V: ABN) and Eagle Plains Resources (TSX-V: EPL) decided to suspend their planned drill program at the Chico Gold Project, which is located 125 kilometres east of La Ronge, Saskatchewan.The program, which consists of 1,200 to 2,000 metres of drilling in some four or five holes at various locations, had all the required permits and started to be cond...Read More

Saskatchewan miner launches aggressive exploration program in Ontario

March 24, 2018 / www.mining.com

A month after closing the acquisition of Rapier Gold, GFG Resources (TSX-V:GFG) announced the launching of an aggressive exploration program at the Abitibi greenstone belt, which is located west of Timmins, Ontario. In a press release, the Saskatoon-based company said that the fully funded, C$3 million exploration program will be conducted 30 kilometres west of the Timmins West gold mine and will...Read More

Condor Gold raises ?2.5 million as 2017 loss narrows

March 23, 2018 / www.mining.com

Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More

Companies now looking for electric battery metals in the garbage

March 23, 2018 / www.mining.com

Soaring cobalt and lithium prices are not just spurring an exploration frenzy as more and more companies want a piece of the attractive batteries metals pie, but they are also pushing some companies to look for them where others have not.Australian Neometals (ASX:NMT), which is building a plant to recover raw materials including lithium, cobalt, nickel and copper from expired batteries in Canada,...Read More

Royal blue diamond goes on sale

March 23, 2018 / www.mining.com

A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More

Liebherr to invest $45 million expanding footprint in US mining sector

March 23, 2018 / www.mining.com

Heavy equipment maker Liebherr's goal of becoming one of the top suppliers for the mining industry in North and South America seems to be a step closer, as the Switzerland-based company announced a $45 million-investment to grow its facilities in Virginia, US.The family-owned machinery maker, which has been manufacturing and operating in Newport News for over 48 years, said it's planning to start...Read More

Eldorado down on Q4 loss

March 23, 2018 / www.mining.com

Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were down on Thursday after the company reported a Q4 loss and technical studies for its Ki??lada??, Lamaque and Skouries mines.In a press release, the Vancouver-based miner stated that, due to a 20 per cent y-o-y fall in sales volumes, its adjusted Q4 loss came in at $400,000 compared to $2.9 million in earnings in the year-ago quarter. In detail, sales...Read More

Apollo Minerals expands in the Pyrenees

March 22, 2018 / www.mining.com

Apollo Minerals (ASX:AON) announced that it has entered into an agreement to buy Aurenere, a project located in the northern Spanish province of Lleida, right next door to the company's Couflens tungsten and gold project, which is in France.Within the terms of the agreement, Apollo will acquire 75% of the share capital of NeoMetal Spania S.L, which holds the rights to the 100% interest in the Aure...Read More

Glencore Faces Off Against Labor Group on Congo Mine Conditions - by Thomas Wilson (Bloomberg News - March 23, 2018)

March 23, 2018 / republicofmining.com

https://www.bloomberg.com/Commodity giant Glencore Plc defended working conditions at its mines in the Democratic Republic of Congo after an international labor federation said its employees are poorly treated and underpaid.The spat with Geneva-based IndustriALL, a global union federation that says it represents more than 50 million workers in 140 countries, comes as some of the world's biggest co...Read More

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