Base metals traded on the London Metal Exchange are all under downward pressure this morning, Tuesday February 6, posting an average loss of 1%. Nickel (-2.1%) is the weakest, while aluminium (-0.7%) is proving to be the most resilient. Volume has been strong with 14,903 lots traded as of 06.05 am London time. The downward pressure across the complex essentially reflects a negative spillover effec...Read More

Comex copper prices were pulled lower on Tuesday February 6 by a combination of the recent equity sell-off and a dollar increase. Copper for March settlement on the Comex division of the New York Mercantile Exchange gained 3.75 cents or 1.2% to $3.2250 per lb. The red metal dipped to a one-week low on Friday following a heavy sell-off in equity markets. "Judging by the limited pullback in the base...Read More

Seaborne iron ore prices moved up on Tuesday February 6, alongside wider margins at Chinese steel mills. Metal Bulletin's 62% Fe Iron Ore Index Today: $75.92 per tonne cfr Qingdao Daily change: Up by $0.22 per tonne Month-to-date average: $74.72 per tonne Metal Bulletin's 58% Fe Premium Index...Read More

Seaborne coking coal prices moved up on Tuesday February 6, with tightness in domestic Chinese supply heard to be fueling demand.A premium low volume cargo was heard to have traded at $231.5 per tonne cfr China this week, market sources said. "Chinese buyers have a good appetite for prompt cargoes but I am not convinced they would pay similar prices for cargoes with a laycan in March," a trader...Read More

We are in the midst of a gold bull market, and Money Morning Resource Specialist Peter Krauth says gold will trade for $1,500 an ounce by the end of 2018. But he has another shocking gold price prediction we'll reveal today…But rest assured, 2018 will be a great year for investing in gold. Krauth's $1,500 price target implies a gain of 12.62% from today's prices of $1,331.90.Today, we're...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia continued to increase this week, with demand being slightly better in the UAE, Metal Bulletin heard on Tuesday February 6.UAEHot-rolled coil (HRC) was being offered at $640-650 per tonne cfr from China, although buyers were bidding only $610-620 per tonne cfr.India offered the product at $650 per tonne cfr, with one buyer biddin...Read More

Turkish domestic auto bundle scrap prices have gone down slightly this week, while ship scrap prices have remained stable, sources told Metal Bulletin on Monday February 5.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,190-1,400 ($315-371) per tonne delivered on Monday, widening downward from last week's $1,210-1,400 per tonne.The slight change in the...Read More

A summary of base metals premiums across the globe for the week to Tuesday February 6.Read More

Base metals prices on the London Metal Exchange closed the day lower across the board on Tuesday February 6, with the market getting caught up in the US equity sell-off. "Base metals have been getting hit hard today, finally getting swept up in the equity rout. The group is down across the board, with zinc and nickel both being hit especially hard," INTL FCStone analyst Edward Meir said.Despite fa...Read More

The South African mining sector must strive to build a competitive, transformed and sustainable industry, the chairperson of the Council for Geoscience said at Mining Indaba in Cape Town this week. "While there may be tough choices and tradeoffs to be made, the South African mining industry must continue to thrive and to balance sustainability, competitiveness and transformation," Dr Humphrey Math...Read More

The latest metal markets news and price moves to start the North American day on Tuesday February 6.Base metals prices on the London Metal Exchange were lower across the board during morning trading today on further profit-taking.Here is how the LME base metals complex looked at 12.04pm London time:For a snapshot of exchange news, check out our live futures report.Premiums for index-linked cargoes...Read More

TSX VENTURE: NVOwww.novoresources.com Mr. Quinton Hennigh reports:VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Novo Resources Corp. ("Novo" or the "Company") (TSX-V:NVO) (OTCQX:NSRPF) has entered into a commercial arrangement with SGS Minerals of Perth, Western Australia, to secure access to a test plant for the processing of 5 tonne bulk samples from its Karratha Gold Project. S...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday February 6*Copper -$37.80 (-238.11 yuan) Aluminium -$481.30 (-3,031.62 yuan) Zinc -$129.94 (-818.44 yuan) Nickel -$429.69 (-2,706.55 yuan) *The physical arbitrage numbers are...Read More

TSX: KDXwww.klondexmines.com Mr. Paul Huet reports:VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Klondex Mines Ltd. (TSX:KDX) (NYSE American:KLDX) ("Klondex" or the "Company") reported today a Mineral Reserve and Mineral Resource update for the Fire Creek mine ("Fire Creek") located in northern Nevada, USA.An updated technical report (the "Technical Report") titled "Technical Repo...Read More

Prices for steel rebar and ferrous scrap are likely to get continued supported from the weakness of the United States dollar and healthy demand in the coming few months, the International Rebar Producers & Exporters Association (Irepas) said this week.The US dollar has depreciated by 6.31% against the euro and by 5.65% against sterling since the beginning of the year, according to exchange rate si...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBilletIran, export, billet, offered...Read More

TSX VENTURE: ATCwww.atacresources.com Mr. Graham Downs reports:VANCOUVER, Feb. 06, 2018 /CNW/ - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC" or the "Company") announces exploration results and project developments from its 100% owned, 660 km2 Rau Project located at the western end of the Company's Rackla Gold Property, Yukon.The objectives of the 2017 Rau Project exploration program were to improve the...Read More

TSX VENTURE: BTRwww.bonterraresources.com Mr. Nav Dhaliwal reports:VANCOUVER, Feb. 6, 2018 /CNW/ - Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "Bonterra") is pleased to announce that the ongoing resource development program at the Gladiator Gold Deposit has extended the North, Footwall and Main Zones by 200 m down plunge to the east. High-grade intersections identi...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarTurkey, export, rebar, offered at $545-550 per tonne cfr, theoretical weight,...Read More

TSX: LGDwww.libertygold.ca Mr. Cal Everett reports:2.39 g/t Au over 7.6 m within 0.91 g/t Au over 82.3 m2.25 g/t Au over 13.7 m within 1.46 g/t Au over 24.4 mVANCOUVER, B.C., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD) ("Liberty Gold" or the "Company") is pleased to announce final 2017 drill results from its 100% controlled Goldstrike Gold Project in southwestern Utah. Throughou...Read More