Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday January 22 on continued support from the weaker dollar.Lead prices closed back above $2,600 per tonne and close to seven-year high levels. The global refined lead market recorded a deficit of 169,000 tonnes year-to-date through November 2017, according to the International Lead & Zinc Study Group. "The st...Read More

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

Bob Moriarty ArchivesJan 22, 2018I used to travel 2/3rds of the time. Barbara hated it. I hated it. American Airlines loved me. I had so many air miles the Captain would invite me up to the cockpit to chat about the problems with the ILS 28 approach into Hong Kong and I had to fly every third leg.Eventually I realized that I had seen most of the mining districts in the world. I was visiting projec...Read More

Gold and silver had a sharp run-up in the last two weeks of 2017. However, the abrupt move in gold has been accompanied by a rapid rise in the gold futures open interest on the Comex. Furthermore, based on the last COT report the banks have dramatically increased their net short position and the hedge funds have gotten, once again, extremely net long. I don't like the looks of the COT report r...Read More

Thor Mining (ASX:THR, THR.L) has released an updated reserve estimate on its Molyhil tungsten-molybdenum mine in Australia's Northern Territory. The reserve estimate now contains approximately 3.5 million tonnes at an average grade of 0.29% WO3 and 0.12% molybdenum. Whilst the added value of the molybdenum is pretty low (a grade of 0.12% works out to be less than 3 pounds of molybdenum per tonne o...Read More

Sirios Resources,... QMX Gold Corporation, Cartier Resources and Imperial Mining Group are four Canadian exploration companies that by our analyses, particularly while at low prices, merit our attention. One might consider that we have seen an early stage bull market in some mining stocks already. However, if our indications are correct, we are about to commence a major bull market in many g...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

Back in November, Colonial Coal (CAD.V) released the long-awaited maiden resource estimate for its Flatbed coal project in British Columbia. This initial resource unveiled a total resource of 298 million tonnes in 8 different coal seams and was based on a mining width of at least 1 meter without going deeper than 900 meters from surface. The average (true) width of the seams ranges between 1.2 and...Read More

Manganese ore buyers secured cheaper offers for low-grade ore last week when they returned to the market for March material. Low-grade manganese ore prices falter even as activity picks upHigh-grade ore quotations stand firmOre buyers favor seaborne cargoes over port stocksAlloy prices stable in India and EuropeUS alloy prices strengthen on spot activity uptick amid harsh weather conditions Low-g...Read More

South32's alumina production declined by 4.5% year on year to 1.26 million tonnes in the December quarter of 2017, according to the company's quarterly report released last week.This brought the miner's total alumina output for its fiscal half-year ended December 31 to 2.54 million tonnes, down 3% from 2.61 million tonnes a year earlier.The miner's share of production at its Worsley Alumina asset...Read More

Germanium dioxide prices soared by 4.3% on Friday January 19 on the news that Teck Resources had declared a partial force majeure on metal sales from its zinc and lead smelting and refining complex, Trail Operations. Traders say germanium dioxide may soon start trading at a premium to germanium metal. Metal Bulletin assessed germanium prices at $1,350-1,450 per kg on an in-warehouse Rotterdam...Read More

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has started Ethereum mining operations and has the capacity to mine other digital currencies such as ZCash, and MoneroSmallCapPower | January 22, 2018: HIVE Blockchain Technologies Ltd. (TSXV:HIVE) announced recently that it has started Ethereum mining operations in its Sweden facility. The multi-phase buildout of a large-scale GPU-based mining complex...Read More

Click to EnlargeApex Resources Inc. [APX-TSXV] said Monday January 22 its joint venture partner Prize Mining Corp. [PRZ-TSXV] has intersected high grade gold while drilling on its Daylight gold project in eastern British Columbia, near the city of Nelson.Encouraging assay results have been obtained from an 18-hole drill program which has tested a number of targets identified from a combination of...Read More

European antimony prices continued to edge higher last week due to tightening spot availability while the Chinese market began to wind down ahead of the upcoming Lunar New Year holiday.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,100-8,400 per tonne on Friday January 19, unchanged from Wednesday's assessment, when prices had moved from $8,050-8,350 pe...Read More

North Arrow's Mike MacMorran finishes counting the samples from the short till collection program at the Mel property in 2016. Source: North Arrow Minerals Inc.North Arrow Minerals Inc. [NAR-TSXV, NHAWF-OTC] said Monday January 22 that it has significantly increased the size of its 100%-owned Mel Diamond Project to 56,075 hectares from 7,500 hectares. Claim staking was initiated as a result of Nor...Read More

Turkish steel mills continued their deep-sea scrap bookings for February and March on Monday January 22 with prices remaining largely stable.A steel mill in the Iskenderun region booked a US cargo, comprising 12,000-15,000 tonnes of plate and structural scrap (P&S) at $373 per tonne and 6,000 tonnes of shredded at $368 per tonne, while the rest of the 38,000-tonne cargo was HMS 1&2 (80:20) at $363...Read More

Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More

Turkish domestic scrap prices continued to increase amid strong demand over the past week, sources said on Monday January 22.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was $1,300-1,440 ($342-379) per tonne delivered, up from last week's $1,260-1,400 per tonne.The upward movement came after several steel mills raised their buy prices for the materi...Read More

Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Genesis (TSXV: GIS) Drilling Returns 8.73 g/t Gold Over 21.35 m From Chevrier Main Zone Vancouver, British Columbia - January 22, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Genesis Metals Corp (TSXV: GIS) ("Genesis" or the "Company") is pleased to a...Read More