SHANGHAI, Jan 25 (SMM)? 1/4 ?Guangdong: 0# zinc traded at 26,240-26,300 yuan/mt, with the premium over the Shanghai market at 30 yuan/mt. Discounts from SHFE 1803 are 10-0 yuan/mt. Downstream purchases continue with unchanging demand.Tianjin: 0# zinc ingot traded at 26,000-26,470 yuan/mt. 0# zinc of the common brand traded around 26,000-26,100 yuan/mt. Discounts from ...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?Copper: The market is monitoring SHFE copper to see if it reaches 54,000 yuan/mt today. LME copper is expected to trade at $7,050-7,200/mt while SHFE 1803 is to trade at 53,500-54,200 yuan/mt. Spot discounts are expected at 120-70 yuan/mt.Aluminium: LME aluminium performed poorer than other base metals, testing support at $2,250/mt, and is expected to tr...Read More

Russia's Magnitogorsk Iron & Steel Works (MMK) has increased its production of downstream products 6.1% year on year in 2017 amid improved demand from the automotive industry and railcar producers.The company's range of downstream products includes tin plate, galvanized steel, polymer-coated steel, band, formed sections and pipes.In total, the company produced 2 million tonnes of various downstrea...Read More

Buying activity in the Iranian flat steel import market remained sluggish in the week ended Wednesday January 24, while local prices were more competitive to import.Iran's national currency - the rial (IRR) - continued to devalue against the US dollar, which made import prices less attractive compared to domestic ones.On Wednesday January 24, $1 was equivalent to IRR 36,567, while on January 17, $...Read More

The International Tin Research Institute (ITRI) will change its name to International Tin Association Ltd on February 1 to reflect its evolution toward more diverse activities including sustainability, it said. Established in 1932 in London, ITRI for its first 70 years brought together tin producing governments and producers to focus on the promotion of tin and the research and...Read More

Comex copper prices were little changed in the US morning on Thursday January 25 after the metal experienced outsized price movements over the last couple of sessions. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.10 cents or 0.1% to $3.2295 per lb. The red metal saw prices tumble to a one-month low on Tuesday before rebounding on Wednesday, sugg...Read More

Freeport-McMoRan is in talks with a group led by the Indonesian government to negotiate and create documentation for the divestment of a stake in its Grasberg project interests, the company said.The parties have a mutual objective of completing negotiations and the required documentation during the first half of 2018, Freeport added.Freeport operates the Grasberg copper and gold mine through its 9...Read More

The latest metal markets news and price moves to start the North American day on Thursday January 25.Base metals prices on the London Metal Exchange were little changed during morning trading, while most metals held on to Wednesday's rally.The weak dollar remains a key supporting factor for base metals prices. It fell to a low of 88.81 this morning, its lowest since 2014.Here is how the LME base m...Read More

Base metals prices on the London Metal Exchange were little changed during morning trading on Thursday January 25, while most metals held on to Wednesday's rally. The weak dollar remains a key supporting factor for base metals prices. It fell to a low of 88.81 this morning, its lowest since 2014. "Every few years it seems an event takes place that upturns current market logic and changes the entir...Read More

TSX: OSKwww.osiskomining.com Mr. John Burzynski reports: New Bobcat Zone Returns 42.4 g/t Au over 3.3 Metres Near Surface TORONTO, ONTARIO--(Marketwired - Jan. 25, 2018) - Osisko Mining Inc. (TSX:OSK) ("Osisko" or the "Corporation") is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban Township, E...Read More

Movements in the pricing of steel and steel commodities in 2018 will not be sharp, according to G??khan Demiruz, chairman of Turkey's Flat Steel Importers, Exporters & Industrialists Association (Yisad).Price movements will continue in 2018, but will not change prices by more than 20-25%, Demiruz said.Turkey consumed about 16.50 million tonnes of flat steel in 2017, while imports totaled about 8 m...Read More

TSX VENTURE: KCCwww.kincoracopper.com Mr. Sam Spring reports:A review of the West Kasulu prospect at Bronze Fox by Mining Associates supports an exploration target of:416 Mt to 428 Mt grading 0.26% to 0.30% copper for up to 2,437Mlb of copper and 0.84Moz gold, ranking as one of the largest potential in-situ copper-gold systems in Mongolia and with only modest drilling. The potential quantity...Read More

German steel producer Salzgitter will upgrade its platemaking facilities to anneal and further process 200,000 tonnes per year of heavy plates by 2020, the company has announced.The investment will boost the availability of plate suitable for high-wear uses including the construction of offshore wind turbines and pressure vessels, among other demanding purposes.Salzgitter will invest more than ?,?...Read More

TSX VENTURE: Zwww.zincone.com Mr. James Walchuck reports: Update on Commencement of Drill Program Vancouver, British Columbia--(Newsfile Corp. - January 25, 2018) - Zinc One Resources Inc. (TSXV: Z) (OTC Pink: ZZOF) (FSE: RH33) ("Zinc One" or the "Company") has received additional results from an ongoing surface-sampling program at its Bongar?? Zinc Mine Project in north-central Peru.Highlights fr...Read More

TSX: EDRwww.edrsilver.com Mr. Bradford Cooke reports:VANCOUVER, British Columbia, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX:EDR) (NYSE:EXK) issued today the 2018 production and cost guidance for its three operating mines and one development project in Mexico: the Guanacev?- mine in Durango state, the Bola??itos and El Cubo mines in Guanajuato state, and the El Compas mine, now...Read More

TSX VENTURE: GGIwww.garibaldiresources.com Mr. Steve Regoci reports:VANCOUVER, Jan. 25, 2018 /CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to provide the following exploration update for its nickel-copper-rich massive sulphide discovery at Nickel Mountain, 11 miles southwest of Eskay Creek.Highlights:Drill hole EL-17-10 supports the very high tenor and purity o...Read More

Turkish billet prices have weakened over the past seven days, in line with the falling cost of scrap imported into the country, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for billet imports into Turkey was $515-525 per tonne cfr on January 25, down from the $520-530 per tonne of last week.The downward movement in the weekly assessment came after CIS-region supplie...Read More

Turkish domestic long steel prices have remained firm over the past week despite strong demand, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for domestic rebar was $570-580 per tonne ex-works on January 25, widening upward from the $570-575 per tonne of last week.The domestic rebar...Read More

Turkish rebar and wire rod export prices have fallen over the past week, in line with the weak demand in the country's major export markets and decreasing imported scrap costs, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for rebar exports out of Turkey on January 25 was $550-560 per tonne fob, down from the $565-570 per tonne...Read More

Steel billet import prices in Egypt fell slightly and domestic rebar prices remained unchanged in the week to Thursday January 25. Billet import prices fell amid lower bids and a news of a low-priced deal for material from Iran. "The market is slow this week [and] most people are waiting for a further price drop," a trader told...Read More