Comex copper prices moved higher in the US morning on Monday January 22, gaining support from further losses on the dollar index. Copper for March settlement on the Comex division of the New York Mercantile Exchange rose 1.55 cents or 0.5% to $3.2030 per lb. Emerging demand outside of China and supply-side uncertainty...Read More
Aurubis AG has acquired Codelco's share in Deutsche Giessdraht, the copper wire rod plant in Emmerich, Germany, that both producers jointly owned, Aurubis said on Monday January 22. The transaction is subject to approval by Germany's federal anti-trust office. The financial terms of the transaction were not disclosed. Before the acquisition, Aurubis had a 60% stake in Deutsche Giessdraht and Chile...Read More
The latest metal markets news and price moves to start the North American day on Monday January 22.Base metals prices on the London Metal Exchange were higher across the board in morning trading, with the dollar still weak.The three-month lead price remains robust on Monday. It climbed above $2,600 per tonne this morning, before retreating slightly, supported by tightness in the market and a bulli...Read More
Base metals prices on the London Metal Exchange were higher across the board in morning trading on Monday January 22, with the dollar still weak. The three-month lead price remains robust on Monday. It climbed above $2,600 per tonne this morning, before retreating slightly, supported by tightness in the market and a bullish tone for sister-metal zinc. "A growing market deficit, ongoing tightness i...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday January 22* Copper -$56.44 (-362.69 yuan) Aluminium -$492.77 (-3,166.58 yuan) Zinc -$164.87 (-1,059.48 yuan) Nickel -$364.27 (-2,340.83 yuan) *The physical arbitrage numbers...Read More
Base metals prices on the London Metal Exchange are for the most part stronger this morning, Monday January 22, with the complex up by an average of 0.2%. Three-month copper prices ($7,096 per tonne) are up the most with a 0.7% gain, while nickel, zinc and lead prices are up by around 0.3% and aluminium and tin prices are little changed.Volume has been average with 6,376 lots traded as of 6.59am L...Read More
The decision by the Brazilian government to suspend anti-dumping duties against hot-rolled coil (HRC) imports from China and Russia was motivated not only by fears that the measure would injure consuming sectors, but also by concerns that it would affect cooperation between the countries."The imposition of the [anti-dumping] measure could affect the political agenda of economic cooperation with tw...Read More
TSX: EXNwww.excellonresources.com Mr. Brendan Cahill reports:TORONTO, Jan. 22, 2018 /CNW/ - Excellon Resources Inc. (TSX:EXN, EXN.WT and EXN.WT.A; OTC:EXLLF) ("Excellon" or the "Company") is pleased to announce fourth quarter and annual 2017 production results from the Platosa Mine, Durango, Mexico. Highlights2017 Production (compared to 2016) Silver equivalent ("AgEq...Read More
Crude steel output in Brazil increased by 9.90% year-on-year in 2017, according to figures released by national steel institute A??o Brasil on Monday January 22.Production reached 34.36 million tonnes, against 31.27 million tonnes in 2016.Last year's performance was slightly higher than A??o Brasil's forecast for November output of 34.15 million tonnes.But the institute noted that Brazilian crude...Read More
TSX VENTURE: BTRwww.bonterraresources.com Mr. Nav Dhaliwal reports:VANCOUVER, Jan. 22, 2018 /CNW/ - Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "Bonterra") is pleased to announce that the 2018 winter drilling program is underway at the Gladiator Gold Project. After completing more than 60,000 meters in 2017, the Company plans to drill 30,000 met...Read More
A new mill with capacity for 300,000-500,000 tonnes per year of reinforcing steel "could be the solution to a supply gap looming over the UK in the next decade," Andy Kirkcaldy, chairman of the British Independent Reinforcement Fabricators Association (Birfa), said on Monday January 22.Domestic rebar demand in the UK is expected to rise to 1.23 million tpy by 2030, up from 843,000 tonnes in 2015,...Read More
TSX VENTURE: BRDwww.broadwaymining.com Mr. Duane Parnham reports:VANCOUVER, BC--(Marketwired - January 22, 2018) - Broadway Gold Mining Ltd. (TSX VENTURE: BRD) (OTCQB: BDWYF) ("Broadway" or the "Company") is pleased to provide an update on its Phase III surface drilling program at the Company's 100%-owned Madison copper-gold project in the legendary Butte-Anaconda mining region of Montana, USA.Key...Read More
TSX VENTURE: CNXwww.callinex.ca Mr. Max Porterfield reports:HighlightsDrill Hole NC-249, the northernmost hole, intersected extensive mineralization including 53.8m of 2.8% Zn Eq. starting at a depth of 18.5m including higher grade intervals;These drill four holes have expanded the lateral extent of the northernmost area of the Nash Creek Deposit up to 260m; andPlans to delineate the extent of the...Read More
TSX: FNVwww.franco-nevada.com Mr. David Harquail reports:TORONTO, Jan. 22, 2018 /CNW/ - Franco-Nevada is pleased to announce that its wholly-owned subsidiary, Franco-Nevada (Barbados) Corporation ("FNB"), has agreed to acquire a precious metals stream on Korea Resources Corp.'s ("KORES") 10% indirect interest in the Cobre Panama project ("Cobre Panama") for US$178...Read More
TSX VENTURE: GISwww.genesismetalscorp.com Mr. Brian Groves reports:Vancouver, British Columbia--(Newsfile Corp. - January 22, 2018) - Genesis Metals Corp (TSXV: GIS) ("Genesis" or the "Company") is pleased to announce the results from the second phase of drilling completed at the Chevrier gold project (the "Project") near Chibougamau, Quebec. Highlights from Main Zone 8.73 g/t Au over 21.35 m incl...Read More
TSX VENTURE: LPKwww.lupakagold.com Mr. William Ansley reports:VANCOUVER, Jan. 22, 2018 /CNW/ - Lupaka Gold Corp. ("Lupaka Gold" or the "Company") (TSXV:LPK, FRA:LQP) is pleased to provide an update on operational advancements associated with the Invicta Gold Development Project ("Invicta", or "Invicta Project"). Highlights:Mining contractor selected, mobilization has commenced and expected to take...Read More
Chinese ferro-silicon prices have dropped for a third week in a row amid a resumption in production in key producing Ningxia province, while the European market reported deals within the current record high and prices in the United States were also unchanged amid tight availability. Chinese consumers bid lower for ferro-silicon but most capacity still idled Europe assessment holds at high,...Read More
TSX VENTURE: AAZwww.azincourtenergy.com Mr. Alex Klenman reports:VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) -- AZINCOURT ENERGY CORP. ("Azincourt" or the "Company") (TSXV:AAZ) is pleased to announce the commencement of the previously announced exploration work program at the Company's East Preston uranium project with option partners Skyharbour Resources Ltd. and Clean Commodities...Read More
Production of manganese ore at South32's South Africa Manganese operation rose by 28% quarter on quarter and 22% on an annual basis in the second fiscal quarter ended December 31, 2017, the company said last week. South Africa Manganese produced 633,000 tonnes of manganese ore in the December quarter last year, up from 517,000 tonnes in the same period of 2016. This brought total output for the ha...Read More
Due to a technical issue, Metal Bulletin's weekly assessment of the European tungsten APT price did not appear in the Metal Bulletin price book on Friday January 19. The price book has since been updated with the correct prices appearing for this date. Price affected: Tungsten APT European free market $ per mtu The price continues to be a weekly price published every Friday by 3pm London time. If...Read More