SHANGHAI, February 26 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in January 2018 (unit: mt):Read More
CALGARY, Alberta, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC-Pink:CPFXF) is pleased to provide its consolidated 2017 year end operating and financial results. All of the Company’s material subsidiaries are wholly owned except for Carmax Mining Corp. (“Carmax”) (TSX-V:CUX), of which the Co...Read More
A pair of Colorado School of Mines students traveled to Texas this month to participate in the first-ever Lockheed Martin Ethics in Engineering Case Competition.Parker Bolstad, a junior in environmental engineering, and Amara Hazlewood, a junior in chemical engineering, formed one of 12 collegiate teams from around the country invited to Lockheed's Fort Worth Aeronautics facility for the competiti...Read More
First impressions are that we are off to a bullish start to the week, with the base metals prices on the London Metal Exchange up by an average of 0.6% this morning, Monday February 26. Nickel and lead prices lead the way with gains of 0.9%, followed by zinc and copper prices that are up by 0.6%, with the latter at $7,155 per tonne, while tin and aluminium prices are up 0.4% and 0.3% respectively....Read More
The price difference between lead and zinc on the London Metal Exchange has moved to its widest in over 10 years, with lead lagging significantly behind. At the close on Thursday February 22, the three-month zinc price closed $960.50 per tonne higher than lead. But when the spread - or switch - last moved to over $900 in early 2007, lead staged an incredible fightback and ended up overtaking its s...Read More
Lead prices on the London Metal Exchange continued to strengthen and closed 1.4% higher at 5pm London time on Monday February 26, with its cash/three-month spread moving into backwardation. "LME lead has rebounded well... So far, sellers have failed to take its below $2,500 per tonne; buyers now have the chance to push it higher," Metal Bulletin analyst Andy Farida said. "Since the base metals are...Read More
The price difference between lead and zinc on the London Metal Exchange has moved to its widest in over 10 years, with lead lagging significantly behind. At the close on Thursday February 22, the three-month zinc price closed $960.50 per tonne higher than lead. But when the spread - or switch - last moved to over $900 in early 2007, lead staged an incredible fightback and ended up overtaking its s...Read More
Comex copper prices softened in the US morning on Monday February 26 amid a dollar reversal, although market action should be more volatile this week with Chinese investors back from their Lunar New Year holidays. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.95 cents or 0.6% to $3.1930 per lb. "The bulls now have a platform...Read More
Peter KrauthThere's been no shortage of forces pushing and pulling on the price of gold over the past week.Federal Reserve minutes, stocks, the dollar, rising bond yields, budget deficits, inflation, sentiment, and even simple demand versus supply.Gold gave up most of the gains it managed to tack on in the previous week. The bulk of that weakness came on Tuesday, as traders were preparing for the...Read More
Export prices for hot-rolled coil (HRC) and cold-rolled coil (CRC) from Latin America have risen, with Brazilian producers seizing the opportunity presented to them by high global prices and a lack of offers from China.Metal Bulletin's weekly assessment of Latin America's HRC export price reached $630-635 per tonne fob on Friday February 23, up from $570-580 per tonne fob a week earlier, while the...Read More
Turkish domestic scrap prices have remained largely stable over the past week, because most of the steel producers in the country have kept their purchasing prices unchanged.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,230-1,400 ($324-369) per tonne delivered on Monday February 26, widening slightly from last week's TRY1,260-1,390 per tonne.The sligh...Read More
The sale of Rio Tinto's stake in the giant Grasberg mine to the government of Indonesia would be an ideal outcome for Freeport-McMoRan, the company's top executive said.Such a sale would reduce the size of the stake in its PT-Freeport Indonesia subsidiary (PT-FI) that Freeport has to sell to the government - a separate negotiation that is currently being discussed, Richard Adkerson said, spea...Read More
Freeport-McMoRan is considering ways it could develop the Kisanfu cobalt project in the Democratic Republic of Congo following the sharp rise in prices of the raw material, the company's top executive said. Since Freeport opted to reassess its 2016 decision to sell Kisanfu, the miner started to consider alternatives - including taking a joint venture partner for the project, according to company p...Read More
Comex copper prices softened in the US morning on Monday February 26 amid a dollar reversal, although market action should be more volatile this week with Chinese investors back from their Lunar New Year holidays. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.95 cents or 0.6% to $3.1930 per lb. "The bulls now have a platform...Read More
The largest zinc smelter in Europe has sealed an offtake agreement with the operator of Century Zinc Mine for up to 600,000 tonnes of zinc concentrates over five and a half years, Nyrstar said on Monday February 26. Nyrstar, which has long been an offtaker of Century concentrate will receive 250,000 tonnes of zinc concentrates for the first three and a half years of the agreement, rising to 3...Read More
Good morning from Metal Bulletin's London office, bringing you the latest news and pricing stories on Monday February 26.Base metals prices on the London Metal Exchange were on strong footing at the start of the week - with prices trading higher across the board and being supported by a weaker dollar. Here's how base metals prices looked at 11:50 London time:Read our live futures report here. ...Read More
Base metals prices on the London Metal Exchange were higher across the board during morning trading on Monday February 26, with the dollar on weak footing once again. "Not unexpectedly, the markets have opened in positive territory as China returns from its New Year holidays and the metals will be taking encouragement from the Asian equity markets that are all in positive numbers," Malcolm Freeman...Read More
Prices for Asia-origin steel commodities could remain elevated for April- and May-shipment cargoes, although this will depend on further policy changes in China and the United States, market sources have told Metal Bulletin.Bullish sentiment on near-term spot prices is prevalent because production cuts in China could yet be extended all the way into May-June."Many market participants think that pr...Read More
PDAC season is in full flow, and lots of companies are pushing out press releases to telling us that they are great, everything is going super-well and please don't ignore us and sell our stock as we have no real news.One of my favorite pig in lipstick press releases was from Cordoba Minerals (link), not only announcing an updated resource for Alacran, but telling us that theyz got cobalt az well,...Read More
CIS export rebar and wire rod prices continued to rise in the week ended Monday February 26 amid reduced availability of the materials, although customers were refraining from bookings because they considered the offered prices to be too high.Metal Bulletin's weekly price assessment for CIS rebar exports narrowed upward to $570-580 per tonne fob Black Sea on February 26, from $565-580 per tonne fo...Read More