Lead prices on the London Metal Exchange fell over 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Lead prices on the London Metal Exchange fell by more than 5% at the close of trading on Wednesday July 11, topping broad complex losses amid mounting pressure from the ongoing US-China trade spat. Fueled...Read More

An open import arbitrage in China helped support nickel premiums in the week to Tuesday July 10, while premiums were unchanged in Europe and the United States. Open import window push premiums in China higher  Premiums unchanged in Europe in quieter summer season  US demand and premiums stable Chinese premiums up amid open import window Shanghai-bonded Nickel premiums rose at the l...Read More

Largo Resources Ltd has reached yet another milestone at the Maracas Menchen mine after achieving a new average daily production record of 29.4 tonnes of vanadium pentoxide (V2O5) per day during the month of June.The Toronto, Canada-based vanadium producer saw total production reach 2,458 tonnes of V2O5 at the Brazilian mine during the second quarter of 2018, up 13% from 2,183 tonnes in the same y...Read More

Largo Resources Ltd has reached yet another milestone at the Maracas Menchen mine after achieving a new average daily production record of 29.4 tonnes of vanadium pentoxide (V2O5) per day during the month of June.The Toronto, Canada-based vanadium producer saw total production reach 2,458 tonnes of V2O5 at the Brazilian mine during the second quarter of 2018, up 13% from 2,183 tonnes in the same y...Read More

Turkish steel mills declined to make any bookings of deep-sea scrap cargo on Wednesday July 11 but the market widely expects them to purchase more material for August.The mills had returned to the deep-sea scrap markets, buying four cargoes on July 6 and Tuesday July 10 - they paid $343-348 per tonne cfr for USA-origin HMS 1&2 (80:20).More...Read More

Madsen Project headframe, mill and tailings facility near Red Lake, Ontario. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV; LRTNF-OTC] has extended the Madsen decline by 87 metres and commenced test mining within the first of two planned stopes from the McVeigh zone. The 100%-owned Madsen Gold Project is located 16 km west of Red Lake northern Ontario.Mining through 13 metres of n...Read More

Dyke 1 pegmatite exposed in an historic trench on the Zoro lithium property in Manitoba. Source: Far Resources Ltd.Far Resources Ltd. [FAT-CSE; FRRSF-OTC; F0R-FSE] has received the first ever resource estimate for Dyke 1 on its Zoro lithium property located in mining friendly Manitoba. Dyke 1 contains an inferred resource of 1,074,567 tonnes grading 0.91% Li2O, 182 ppm beryllium, 198 ppm cesium, 5...Read More

Comex copper prices set a new low this morning on July 11 in the US, with President Donald Trump threatening an additional $200 billion in tariffs on Chinese goods.Copper for September settlement on the Comex division of the New York Mercantile Exchange tumbled 8.45 cents or 3% to $2.7550 per lb. Continued uncertainty surrounding trade relations between the United States and China have added...Read More

An escalation in the United States' trade war with China, with another $200 billion of Chinese goods now potentially facing tariffs, has rattled base metals prices during early trading on Wednesday July 11. Three-month base metals prices on the London Metal Exchange were down across the board by an average of 2.8%, led by a 4.1% decline in zinc. Three-month copper was down by 3.5% at $6,124 per to...Read More

Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,417.32, down 131.40 points)Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up three cents, or 0.56 per cent, to $5.43 on 14.3 million shares. JetBlue Airways Corp. ordered 60 of the Airbus A220-300 aircraft, formerly named C Series, for delivery starting in 2020 with the option...Read More

It's usually quiet in the office in the morning. Lately, however, there's been something in the air. My colleague, Luke Burgess, hit the nail on the head when he told you Monday that oil was heading higher... much higher. Now, whether or not a super-spike truly takes place and we suddenly find ourselves buying a barrel of West Texas Intermediate for $150 remains to be seen.It sounds a bit too clos...Read More

The Turkish Steel Producers Association (TCUD) has warned that Turkey may become an open market for dumped steel imports unless swift action is taken by the government. Turkey's steel exports fell by 3.90% to 8.14 million tonnes in January-May 2018, while steel imports increased by 18% to 7.5 million tonnes, TCUD said on Wednesday, July 11. The main reason for the decline in Turkey's steel ex...Read More

July 11, 2018 (Investorideas.com Newswire) The company met production targets and achieved steady-state production at Brucejack.Pretium Resources Inc. (PVG:TSX; PVG:NYSE) recently reported second quarter gold production results which are:111,340 ounces of gold produced14.9 grams per tonne gold mill feed grade97.7% gold recovery rate236,990 tonnes of ore milled2,604 tonnes per day ore milled"With m...Read More

Vancouver, British Columbia - July 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Fjordland Exploration Inc. (TSXV: FEX) ("Fjordland") and project partners Commander Resources Ltd. (TSXV: CMD) ("Commander") and privately-owned High Power Exploration Inc. are pleased to announce that they have begun the 2018 phase 1 drill program at their South Voisey's Bay Project (the "SVB Property"), loc...Read More

July 11, 2018 (Investorideas.com Newswire) A Canadian diamond explorer finds micro-diamonds in Western Australia, leading to its $2 million drill project for 2018.Lithoquest Diamonds Inc. (LDI:TSX.V; CWVWF:OTCPK), a Canadian diamond explorer, became public through a reverse takeover late last November. The decision was driven by original volcanic findings in 2007 that could lead to long-term diamo...Read More

Vancouver, British Columbia - July 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Alto Ventures Ltd. (TSXV: ATV) is pleased to announce that summer exploration worked has started on the Miner Lake and Brookbank East properties in the Beardmore-Geraldton gold camp in Ontario. Surface exploration at Miner Lake includes geological mapping, detailed structural mapping, prospecting, sampling, a...Read More

Vancouver, British Columbia - July 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Forum Energy Metals Corp. (TSXV: FMC) ("Forum") has reached an understanding as to the fundamental terms of an Agreement to acquire a 100% interest in the Quartz Gulch cobalt property located in the Idaho Cobalt Belt from a private vendor (the "Vendor").The Quartz Gulch claim block consists of 56 claims total...Read More

Activity in the European market for hot-rolled coil (HRC) has been slow this week, with buyers keeping to their wait-and-see positions ahead of the announcement of a provisional decision in a regional safeguard case, sources told Metal Bulletin on Wednesday July 11.The European Commission (EC) is expected to set preliminary measures in the case either later this week or early next week, according...Read More

European steel plate producers are aiming for a further rise in domestic prices after successfully implementing increases earlier this month, sources told Metal Bulletin.Although not many deals have been reported due to the seasonal summer slowdown, the outlook is positive and sellers are likely to achieve transaction price increases after the rise in official offers, according to m...Read More

Domestic prices for steel beams in Europe remained unchanged this week, despite mills cutting offer prices in response to the arrival of low-priced imported material, sources told Metal Bulletin on Wednesday July 11.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe were flat week on week at ?,?590-630 ($692-739) per tonne delivere...Read More