SHANGHAI, Jan 24 (SMM)? 1/4 ?Copper: Surging inventory has seen LME copper prices wander around the $7,000/mt level for a few days. Inventory levels and changes in spot premiums would set the tone for future LME copper movement in the short term. On the SHFE, open interest has increased to 708,000 lots with many of them speculative bets. We see increased volatility in the near term.Aluminium: LME...Read More

Published on: Jan 24, 2018 | by finfeedPacifico Minerals Ltd (ASX:PMY) is pleased to announce that the company has received binding commitments to raise ~A$750,000 through a placement of approximately 125 million new fully paid ordinary shares, at an issue price of 0.6 cents per share.Those participating in the placement are likely to also receive a free attaching unlisted option on the basis of o...Read More

Base metals prices on the London Metal Exchange put in a strong performance on the afternoon of Wednesday January 24, supported by the weaker dollar, to close in positive territory across the board.The three-month nickel price ended more than 5% higher than Tuesday's closing price after hitting its highest since June 2015. Volumes were also high today, with more than 18,000 lots traded by 17:15 Lo...Read More

Tin stocks at London Metal Exchange warehouses have fallen further since the start of 2018, with a 34% reduction in on-warrant stocks pushing tin prices to a three-month high.Total tin stock levels are at 1,780 tonnes as of Wednesday January 24 - their lowest since the 1980s - after a series of cancelations and deliveries out since January 10. This is in comparison with the start of 2017, when Jan...Read More

Iron ore prices remained steady around $74 per tonne cfr China on Wednesday January 24 amid mixed signals from China's steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $74.53 per tonne cfr Qingdao Daily change: up by $0.24 per tonne Month-to-date average: $76.38 per tonne Metal Bulletin's 58% Fe...Read More

A student team from Colorado School of Mines has qualified for the finals of the NASA Mars Ice Challenge for the second year in a row.Team MINERS, short for Martian Ice New-age Extraction and Recovery System, will be one of 10 collegiate teams facing off in the on-site technology demonstration and water extraction competition at NASA Langley Research Center on June 6-8. For the competition, stude...Read More

Mois?(C)s Carre??n, associate professor of chemical and biological engineering at Colorado School of Mines, was one of 10 successful Mexican personalities in the United States featured in the September 2017 issue of ?Hola! magazine.Carre??n's distinguished academic career and outstanding, innovative research earned him a spot on the list. In 2013, Carre??n received the Presidential Early Career A...Read More

European domestic prices for steel beams have remained unchanged this week, with solid demand and well-booked mill rolling schedules supporting the market, sources told Metal Bulletin on Wednesday January 24."There is no problem at all in the beam market. Demand is good," one stockholder said."As far as we are seeing, there is no weakening in prices," one producer source told Metal Bulletin."Mill...Read More

Base metals prices on the London Metal Exchange put in a strong performance on the afternoon of Wednesday January 24, supported by the weaker dollar, to close in positive territory across the board.The three-month nickel price ended more than 5% higher than Tuesday's closing price after hitting its highest since June 2015. Volumes were also high today, with more than 18,000 lots traded by 17:15 Lo...Read More

Premiums for zinc and lead ingots were unchanged in a week where prices hit multi-year highs for both metals.The price of zinc continues to ratchet up, with the London Metal Exchange's three-month zinc contract peaking at $3,432 per tonne on Friday January 19, its highest point since July 2007. Similarly, the LME's three-month lead price gained to $2,616 per tonne on Wednesday January 24...Read More

Brazil's primary aluminium production has edged up in 2017, according to figures from the country's aluminium association Abal.Output totaled 801,000 tonnes last year, a modest 1.05% increase from the 792,700 tonnes produced in 2016. Only two primary aluminium producers are operating...Read More

Derek John Benham, who had more than 40 years of experience in the metals industry - mostly in cobalt and nickel - died earlier this month at the age of 65.Born in Enfield, UK, in 1952, Benham passed away on January 7 after bravely and discreetly fighting prostate cancer for many years. His wife Joan survives him."Derek was a true gentleman and it is a big loss to the metals industry," collea...Read More

Chilean miner Antofagasta produced 704,300 tonnes of copper in 2017, down 0.7% from a year ago, mainly attributed to lower grades at Los Pelambres and Centinela mines. The London-listed company said on Wednesday January 24 that the drop in output was partly offset by the start of operations at its Encuentro Oxides and a ramp-up at Antucoya projects. "The new additions to our portfolio at Zald?-var...Read More

Copper premiums in the United States and Europe were little changed on Tuesday January 23, although US participants are gaining more confidence as the year progresses, while in China premiums once again saw downward pressure on sluggish demand. US participants growing more optimistic due to construction figures and freight costs Chinese premiums falling due to softening demand European...Read More

Ratings agency Moody's has upgraded the global-scaled ratings of Brazilian flat steel producer Usiminas to B2 from Caa1, amid a gradual rebound in the national steel sector, the agency said on Wednesday January 24.The firm's national-scale rating was also upgraded to Ba1.br from B3.br."The upgrade of Usiminas to B2 reflects primarily the conclusion of its debt renegotiation process with the amorti...Read More

TSX: AZwww.arizonamining.com Mr. James Gowans reports:31 feet assaying 40.9% combined zinc-lead; and 11.7 opt silver-  within 81 feet assaying 27.1% combined zinc-lead; and 6.8 opt silver81 feet assaying 30.0% combined zinc-lead; and 8.3 opt silver137 feet assaying 14.5% combined zinc-lead; and 3.0 opt silverVANCOUVER, British Columbia, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Arizona Mining Inc. (T...Read More

TSX VENTURE: RYRwww.royalroadminerals.com Mr. Tim Coughlin reports:Toronto, Ontario--(Newsfile Corp. - January 24, 2018) - Royal Road Minerals Limited (TSXV: RYR) ("Royal Road Minerals" or the "Company"), a gold and copper focused mineral exploration and development company, is pleased to announce that it has entered into a subscription agreement (the "Subscription Agreement") dated January 23, 20...Read More

TSX VENTURE: FCCwww.firstcobalt.com Mr. Trent Mell reports:TORONTO, Jan. 24, 2018 /CNW/ - First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the "Company") is pleased to announce a research program to identify regional controls for cobalt-silver mineralization in the Cobalt Camp, Ontario. This is the latest of a series of initiatives to bring research and innovation into the 110-year old min...Read More

TSX VENTURE: BGMwww.barkervillegold.com Mr. Chris Lodder reports:TORONTO, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the "Company" or "Barkerville") is pleased to announce additional drilling results from the 2017 Phase II Island Mountain exploration and infill drilling program at the Company's flagship Cariboo Gold Project.   The Company is currently explo...Read More

TSX: SOLGwww.solgold.com.au Mr. Nicholas Mather reports:Bishopsgate, London (FSCwire) - The Board of SolGold (AIM code: SOLG) is pleased to provide an update on exploration at its 100% owned Timbara Project, in Southern Ecuador. The prospect is held in the 100% owned subsidiary Green Rock Resources ("Green Rock").HIGHLIGHTS:Two new outcrops of porphyry style copper mineralisation discovered at the...Read More