Iron ore prices experienced a slight dip but managed to stay above $78 per tonne cfr China on Wednesday January 10 amid uncertainties resulting from a forecast cyclone in Australia.Metal Bulletin's 62% Fe Iron Ore Index Today: $78.31 per tonne cfr QingdaoDaily change: down by $0.16 per tonneMonth-to-date average: $76.79 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.71 per tonne cfr Qin...Read More

Subscribe, rate and follow us on SoundCloud, iTunes, YouTube, Google Play, Stitcher or RSS Feed!We’re getting you ready for mining conference season with updates on the biggest trends and hottest topics in the industry!This week Matt digs into the recent buzz around molybdenum (8:05) and vanadium (10:00). We break down notes from BMO Capital Markets on the supply-demand fundamentals f...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $77.09 per tonne cfr China, laycan January 28-February 6.Vale, Global Ore, 170,000 tonnes...Read More

Seaborne coking coal prices remain firm, with a January-laycan cargo of premium mid-vol materials changing hands at $259 per tonne fob Australia on Wednesday January 10. A buyer source in north Asia said that the gap between fob Australia and cfr China premium hard coking coal indices should narrow in the coming weeks if weather-related issues surrounding the transportation of the steelmaking raw...Read More

Seaborne iron ore prices retreated for the first time this year on Wednesday January 10 amid uncertainties over whether a forecast cyclone in Australia could result in supply disruptions.Key driversChina's ferrous futures retreated in the afternoon after trending upward in the morning. The benchmark iron ore contract ended slightly lower than a day earlier.A tender for a seaborne cargo of Pilbara...Read More

China's ferrous futures moved upward during morning trading on Wednesday January 10, after posting losses on Tuesday night.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,861 ($592) per tonne, up 51 yuan per tonne May hot-rolled coil: 3,901 yuan per tonne, up 53 yuan per tonne Dalian Commodity Exchange May iron ore: 560.50 yuan per tonne, up 5.50 yuan per tonne May...Read More

The latest news and price moves to start the Asian day on Thursday January 11.Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals. Read more here in our live futures report.Here are how prices looked at the end of the day on Wednesday.Unspecified technical issues at Birla Copper's Da...Read More

Indium prices have risen on strong demand for indium tin oxide (ITO) due to a lack of available stock in China.Prices for indium have climbed while producers reduce output and material supply tightens, market participants said.Metal Bulletin assessed the free market indium price at $265-300 per kg on an in-warehouse basis on Wednesday January 10, up from $250-270 per kg last Friday."There is...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Metal Bulletin minor metals prices changed on Wednesday January 10:Minor metals Bismuth MB free market, $/lb: $5.00-5.40 per lb from $5.10-5.40 Cobalt MB free market high grade, $/lb: $36.95-37.80 per lb from $36.75-37.50 Cobalt MB free market...Read More

The spot gold price was little changed during Asian morning trading on Wednesday January 10, with the yellow metal coming under pressure from a resurgent dollar and higher US bond yields. The spot gold price was recently quoted at $1,310.60-1,310.90 per oz, up by $0.70 from the previous trading day's close. Trade has ranged from $1,308.40-1,312.55 per oz so far today. The spot gold price remained...Read More

The Democratic Republic of Congo may soon more than double the tax mining companies operating in the country pay on exports of cobalt, a key component in the lithium-ion batteries that power electric cars and mobile phones.The African nation, responsible for about two thirds of global cobalt output, has been evaluating the measure since last month, when a major revision to the 2002 mining code was...Read More

The government of Boungaville, an autonomous region in Papua New Guinea, has set an indefinite freeze on plans to restart mining at one of the world's biggest open-pit copper operations, shut by a civil war in 1989.Authorities fear the reopening of Panguna mine, donated by Rio Tinto in 2016, could open old wounds, as landowners voted last month on whether or not Bougainville Copper Limited (BCL) -...Read More

Lithium exploration and development company Bacanora Minerals (TSX-V, LON:BCN) scored big on Wednesday as it has secured an exploration licence for a previously mined deposit of the world's lightest metal in Germany.The Falkenhain lithium deposit, in the German state of Saxony, is located about 5 km from Bacanora's 50%-owned Zinnwald project. With the new licence the company has the potentia...Read More

Shares in gold miner Centamin (TSX:CEE) (LON:CEY) shot up more than 6% Wednesday after the company published fourth-quarter results that slightly exceeded full-year production guidance, and vowed to lift output again in 2018.The Egypt-based company generated 544,658 ounces of gold in 2017, compared to the expected 540,000 ounces. Centamin is now targeting 580,000 ounces in production for 2018, up...Read More

Chile's Codelco, the world's top copper producer, announced today that it will invest $250 million to modify the shape of the current pit at its Andina mine, located in the Valpara?-so region. The goal of the plan is to redirect mineral extraction toward zones where there are no glaciers, while still maintaining the size of the mine and expected output. In a media statement, Codelco said that ther...Read More

An Iranian vessel operating under Panama's flag has been on fire since last Saturday in the East China Sea, following a collision with a cargo ship about 260km off the coast of Shanghai. The boat could burn for as long as one month, Park Sung-dong, an official with South Korea's Ministry of Oceans and Fisheries, said today.The Sanchi was carrying 136,000 tonnes or nearly 1 million barrels of conde...Read More

The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world's largest oil producer.U.S. output will rise to 10 million barrels a day as soon as next month and top 11 million in November 2019, according to government forecasts Tuesday. That compares with almost 11 million barrels of Russian production in 2017 and Bloomberg estimates of just below 10 million...Read More

The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday January 10:Titanium scrap Turnings, unprocessed type 90/6/4, 0.5-2% Sn...Read More

Base and precious metals miner Hudbay Minerals (TSX, NYSE:HBM) has agreed to buy a series of mining properties in southern Peru near its Constancia copper mine, which will see the Canadian company expanding its footprint in the country, the world's second largest producer of the red metal.The Toronto-based miner has now the option to buy a 100% interest in the Caballito (formerly Katanga) and Mar...Read More