China's non-ferrous scrap imports will come to a standstill in the next four months, because major buyers have used up their 2019 import quotas and new quotas are unlikely to be granted before the lunar new year in late January, industry sources have said.Major Chinese non-ferrous importers have delayed further purchases of copper and aluminium scrap to February next year because they were worried...Read More

Operations at the Pe??asquito lead-zinc-gold mine in Mexico should return to full capacity in the next 10 days following the resumption of production there.With the support of the state and federal governments as well as a continued police presence, owner Newmont Gold Corp has safely started up output at the mine following the lifting of the illegal blockade on October 8, it said.The blockade - th...Read More

Diamond miner De Beers has maintained its full-year production guidance at about 31-million carats, despite subdued demand for rough diamonds.The company on Tuesday reported that it had sold 7.1-million carats of rough diamonds on a consolidated basis in the third quarter of this year, compared with the five-million carats sold in the third quarter of 2018.AdvertisementIt pointed out, however, tha...Read More

RAPAPORT... The Gemological Institute ofAmerica (GIA) has committed $1.3 million to deploying its free gemology guidefor artisanal miners across multiple countries in Africa. The kit will be available to 10,000 miners over four years inMadagascar, Nigeria, Rwanda and Zambia, GIApresident and CEO Susan Jacques said Tuesday. It follows a successful pilot project in Tanzania, which the institute comm...Read More

The three-month copper price on the London Metal Exchange rose to its highest level in more than a month at the close of trading on Wednesday October 23 amid positive forward spreads, while tin futures underperformed in a 2% decline over the afternoon. Copper's three-month price closed at $5,881 per tonne this afternoon, its highest level since September 13, with just over 16,000 lots of metal exc...Read More

Buyers in all regions stayed on the sidelines in the week to Tuesday October 22 amid London Metal Exchange nickel price and spread volatility. European market sees little spot trade on weak demand.  US nickel premiums flat, with scrap substitution dampening primary metal demand.  Asian nickel remains at a discount versus a premium. Brief contango fails to tempt European buyers Rotterdam...Read More

The Southeast Asian lead premium rose by 4.2% week on week on increased spot interest, with market participants suggesting an uptick in automotive sales as a key tailwind; meanwhile, global zinc premiums were unchanged amid stagnant spot demand and tight forward spreads. Southeast Asian lead premium rises on renewed buyer interest  US, Asian zinc premiums flat on low spot interests  Eur...Read More

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 23.Please click...Read More

Chilean iron ore and long steel producer Compa???-a de Acero de Pac?-fico (CAP) was forced to reduce production from some of its iron ore operations in the week to Wednesday October 23 amid widespread anti-government protests in the country.CAP's 75%-owned mining subsidiary, Compa???-a Minera del Pac?-fico (CMP), had partial interruptions to operations at one of its iron ore pellet plants and at t...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesMineralised outcrops at the Celen prospect show porphyry style quartz-magnetite-chalcopyrite veining along with disseminated magnetite-chalcopyrite with consistently rich copper, gold, silver andRead More

Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will resume operations at its No3 blast furnace later this week, after a maintenance outage lasting more than three months.The company told Fastmarkets about the restart late on Tuesday October 22 and the resumption in output will add steelmaking capacity to the country's already-flat steel market. Prices are already under p...Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesAntofagasta produced 197,000 tonnes of copper and 77,500oz of gold in the third quarter, down 0.8% and 10.7% on the previous quarter.Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesMax said last week it was terminating plans, announced earlier this year, to purchase exploration assets in the Choco department from Noble Metals, and in the Tahami Indigenous Reservation of AltoRead More

Golden Mile goes back to the futureSPONSOREDgolden mile resourcesWhat's driving copper is a perfect storm of competing forces.Read More

Golden Mile goes back to the futureSPONSOREDgolden mile resources"A commission has been created to clarify all the circumstances of the incident, an investigation is underway," it said yesterday in a translated statement.The Russian company, also known as Nornickel, said in an update the mine was operating normally at 8pm local time.Golden Mile goes back to the futureSPONSOREDgolden mile resources...Read More

A summary of the financial results for Swedish steelmaker SSAB for the third quarter of 2019.In briefExceptional pressure on margins on the European market continued to have a negative impact on SSAB's third-quarter earnings as did the planned repair of one of the blast furnaces at its Raahe operations Lower earnings were primarily attributable to the performance of SSAB Europe. Demand in Europe s...Read More

(Updates with closing prices, recasts) By Peter Hobson LONDON, Oct 23 (Reuters) - Copper prices rose on Wednesdayas a wave of protests in top producer Chile began to disruptsupplies, but gains were limited by lingering fears over thehealth of the global economy and the outlook for demand. Benchmark copper on the London Metal Exchange endedup 1.1% at $5,881 a tonne after reaching $5,885, the highes...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade.Texas Instruments dropped $11.32 to $112.25 after reporting lower than consensus third quarter revenues and earnings. The company also lowered guidance. Caterpillar slipped $0.03 to $133.66 after reporting lower than consensus third quarter revenues and earnings. The company also lowered...Read More

One of the advantages of 401(k)s and traditional IRAs is tax deferral.Whatever amount you contribute today lowers your taxable income for the year and you don't pay any taxes on that money until you withdraw it.But this perk only lasts so long...When you reach age 70 1/2 , Uncle Sam comes calling for his cut, and how the government takes its share is through something called Required Minimum Dis...Read More

When someone tells me they're considering downsizing, I like to ask a few questions to see how much thought they’ve given the idea.My first question is always how much do you think your house is worth on the market today?The answer is almost always a best guess and usually very generous.The second question I ask is do you know how much a one- or two-bedroom home costs in the neighborhood you...Read More