Published on: Jan 17, 2018 | by finfeedNorthern Cobalt (ASX:N27) informed the market it has examined historical drilling and rock chip sample results at the Selby Pipe Cluster and identified "Stanton-style" cobalt-copper mineralisation in several structures.The new mineralisation discovered is in addition to N27's further 21 prospects at its Running Creek Pipe Cluster, which includes the Stanton C...Read More
SHANGHAI, Jan 17 (SMM)? 1/4 ?Copper: LME copper is expected to trade at $7,030-7,230/mt while the SHFE 1803 contract is to trade at 53,450-54,600 yuan/mt. On the spot market, the discounts are expected to move at 160-120 yuan/mt.Aluminium: LME aluminium is expected to trade at $2,180-2,200/mt with support at the 20-day moving average while SHFE aluminium is expected to trade at 14,500-14,750...Read More
Base metals prices on the London Metal Exchange were mostly lower for the second day in a row at the close on Wednesday January 17, while metals continue to retreat from earlier highs. Copper prices continue to fall, dropping a further $44 per tonne from Tuesday's close price, coming under pressure from profit-taking and concerns of Chinese demand."Copper pulls back to a 3.5-week low after strong...Read More
January 17, 2018 - Vancouver, BC - ATAC Resources Ltd. (TSX-V:ATC) ("ATAC") is pleased to announce a summary of the comprehensive 2017 exploration program on the Orion Project, located within the Rackla Gold Property, Yukon. The Orion Project comprises the central portion of ATAC's Rackla Gold Property and is subject to a $55 million earn-in agreement with Barrick Gold Corporation ("Barrick") (see...Read More
Trading activity for seaborne hard coking coal picked up this week, with Chinese market participants flagging interest for low-ash, low-sulfur materials. Tier-two cargoes were heard to have changed hands at around $182-185 per tonne fob Australia this week, market participants told Metal Bulletin on Wednesday January 17. "The pick-up in the trading of second-tier materials is along expected lines...Read More
Three Colorado School of Mines community members received Martin Luther King Jr. Recognition Awards at a luncheon on January 17.Louisa Duley, assistant director of admissions; Kristine Callan, physics teaching professor; and Olivia Cordova, a senior electrical engineering student, each received a recognition award for their appreciation for diversity and understanding its value on campus.Recipient...Read More
Prices for physical iron ore retreated further on Wednesday January 17 amid concerns of a weakening Chinese steel market, and along with them, margins.Key driversPrices for both seaborne iron ore and port materials declined, tracking the general downtrend in the paper market for most of the day, though the benchmark contract for iron ore picked up just before the close of the trading session.China...Read More
Ramona Graves, dean of the College of Earth Resource Sciences and Engineering at Colorado School of Mines, has been chosen to receive the inaugural Pinnacle Award from Oil and Gas Investor.The honor, recognizing a person who has had an extraordinary impact on the energy industry, will be celebrated at Oil and Gas Investor's 25 Influential Women In Energy gala luncheon Feb. 6 in Houston."Dr. Graves...Read More
The United States ended the gold standard in 1971, but the U.S. government still hoards $10 billion in gold bullion to maintain the world's confidence in our economy. Gold is not just essential to own, but it can be hugely profitable for investors too…In total, the United States is the biggest gold bug in the world, with 8,133.5 tons in gold holdings as of September 2017, according to Busine...Read More
Base metals prices on the London Metal Exchange were mostly lower for the second day in a row at the close on Wednesday January 17, while metals continue to retreat from earlier highs. Copper prices continue to fall, dropping a further $44 per tonne from Tuesday's close price, coming under pressure from profit-taking and concerns of Chinese demand."Copper pulls back to a 3.5-week low after strong...Read More
Domestic prices for rebar in Southern Europe have risen by ?,?10-20 per tonne over the past week, on higher production costs including those for ferrous scrap, sources told Metal Bulletin on Wednesday January 17.Metal Bulletin's weekly domestic price assessment for Southern European rebar rose to ?,?530-550 ($649-674) per tonne delivered on Wednesday, from ?,?520-530 per tonne on January 10. The a...Read More
Germanium prices increased on Wednesday January 17 and are expected to rise further after Teck Resources declared a partial force majeure on the sale of the metal from its trial operations.Teck Resources said the force majeure is due to equipment issues related to an operating disruption earlier this month at one of the fuming furnaces.Metal Bulletin assessed germanium at $1,300-1,450 per kg...Read More
Red Kite is undergoing a restructuring process "to consolidate regulatory oversight" but day-to-day operations were not affected, with all funds and the physical copper business performing "well in line with expectations," it confirmed on Wednesday January 17. Metal Bulletin reported earlier this month that London-based RK Capital Management LLP had entered into a restructuring review that "m...Read More
The primary aluminium market was in a deficit of 1.57 million tonnes for the first 11 months of last year, driven mainly by soaring demand, the World Bureau of Metal Statistics said on Wednesday January 17. This represents a substantial increase from the 770,000 tonne deficit recorded for the whole of 2016, according to the release. Global demand growth, at 2.6%, in January-November 2017 outpaced...Read More
Assaying firm Alex Stewart International Corporation Ltd has been registered as an authorized sampler and analyst (LSA) for the London Metal Exchange, the company said.Approval for the Liverpool, UK-headquartered company brings the number of LME-approved LSAs to 13. LSAs...Read More
Oliver Nugent, who previously worked on base metals business development at the London Metal Exchange, has joined ING Bank as a commodities strategist, Metal Bulletin has learned.Nugent left the LME in London in December 2017 and moved to ING in Amsterdam to cover metals and the broader commodity asset class, alongside other strategists Warren Patterson and...Read More
Comex copper prices declined for the fourth consecutive session on Wednesday January 17 morning in the US, with the red metal facing a strong bout of speculative selling.Copper for March settlement on the Comex division of the New York Mercantile Exchange dipped 2.85 cents or 0.9% to $3.1910 per lb. Trading has ranged from $3.1865 to $3.2210."Rising global stock levels, stale-long liquidations amo...Read More
The latest metal markets news and price moves to start the North American day on Wednesday January 17.Base metals prices on the London Metal Exchange were little changed during morning trading on Wednesday January 17, with prices looking to consolidate after Tuesday's sell off.The three-month aluminium price came under pressure yesterday, closing down 2%, but has edged $2 higher this morning.Here...Read More
German steelmaker Saarstahl is planning to install a new continuous billet caster, the company said on Wednesday January 17.The five-strand billet caster with annual capacity for 850,000 tonnes of billet will be installed at Saarstahl's...Read More
Domestic prices for cold-rolled coil (CRC) increased in Southern Europe this week and are expected to soon move up further, sources told Metal Bulletin.The rise was supported by a lack of competitive import offers in the market. Metal Bulletin's weekly price assessment for domestic CRC in Southern Europe was ?,?610-640 ($735-772) per tonne ex-works on Wednesday December 17, up from ?,?59...Read More