TSX: EDRwww.edrsilver.com Mr. Bradford Cooke reports:VANCOUVER, British Columbia, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (TSX:EDR) (NYSE:EXK) issued today the 2018 production and cost guidance for its three operating mines and one development project in Mexico: the Guanacev?- mine in Durango state, the Bola??itos and El Cubo mines in Guanajuato state, and the El Compas mine, now...Read More
TSX VENTURE: GGIwww.garibaldiresources.com Mr. Steve Regoci reports:VANCOUVER, Jan. 25, 2018 /CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to provide the following exploration update for its nickel-copper-rich massive sulphide discovery at Nickel Mountain, 11 miles southwest of Eskay Creek.Highlights:Drill hole EL-17-10 supports the very high tenor and purity o...Read More
Turkish billet prices have weakened over the past seven days, in line with the falling cost of scrap imported into the country, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for billet imports into Turkey was $515-525 per tonne cfr on January 25, down from the $520-530 per tonne of last week.The downward movement in the weekly assessment came after CIS-region supplie...Read More
Turkish domestic long steel prices have remained firm over the past week despite strong demand, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for domestic rebar was $570-580 per tonne ex-works on January 25, widening upward from the $570-575 per tonne of last week.The domestic rebar...Read More
Turkish rebar and wire rod export prices have fallen over the past week, in line with the weak demand in the country's major export markets and decreasing imported scrap costs, sources said on Thursday January 25.Metal Bulletin's weekly price assessment for rebar exports out of Turkey on January 25 was $550-560 per tonne fob, down from the $565-570 per tonne...Read More
Steel billet import prices in Egypt fell slightly and domestic rebar prices remained unchanged in the week to Thursday January 25. Billet import prices fell amid lower bids and a news of a low-priced deal for material from Iran. "The market is slow this week [and] most people are waiting for a further price drop," a trader told...Read More
Analysts at Macquarie have cut their price forecasts for cobalt, citing easing tightness for the battery raw material in the coming years amid expectations of supply growth. Rising output from Glencore's copper-cobalt operations in Africa will push the market into a surplus in the medium term, for example, the analysts said. Cobalt output from Glencore's Katanga mine in the Democratic Republic of...Read More
The current rally in molybdic oxide and ferro-molybdenum prices has persisted this week, with deals reported pushing price ranges up to new highs although demand is slowing, sources told Metal Bulletin.The rally this year has propelled oxide prices to a three-and-a-half-year high, with ferro-molybdenum prices increasing to the same historical comparison. Molybdenum drummed molybdic oxide prices we...Read More
Ferro-alloys trader Massimiliano Gentile has joined Belgian trading house Metraco, the company told Metal Bulletin. Formerly a senior trader at Euromet SA in Switzerland, Gentile will trade ferro-titanium from...Read More
Molybdenum prices in China climbed to their highest level since March 2013 this past week, underpinned by concerns of tightening supply following the recent suspension of operations at a major mine and healthy demand from the domestic stainless steel sector.Metal Bulletin assessed molybdenum concentrate 45% Chinese free market in-warehouse prices at 1,610-1,650 yuan ($252-259) per metric tonne uni...Read More
Iron ore prices strengthened further on Thursday January 25 though trading activity appears to have slowed down following higher fixed-price transactions concluded recently. Metal Bulletin's 62% Fe Iron Ore Index Today: $75.04 per tonne cfr Qingdao Daily change: up by $0.51 per tonne Month-to-date average: $76.31 per tonne Metal Bulletin's 58% Fe Premium...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: Iron oreIron oreRio Tinto, tender, 210,000 tonnes of 61% Fe...Read More
Gains in China's steel and futures markets led to more offers for seaborne iron ore being made on Thursday January 25, outnumbering the number of bids, and despite higher fixed-price transactions, premiums for index-linked cargoes weakened.Key driversChina's ferrous futures rose across the board during the day, while spot prices for rebar and hot-rolled coil also increased 10-30 yuan ($1.60-4.70)...Read More
The seaborne coking coal spot market continues to weaken with offers falling further and transactions being concluded below previous levels. A cargo of premium low-vol hard coking coal was heard traded at $213 per tonne fob Australia while another was traded around $207-208 per tonne cfr China. A shipment of lower-ranked second-tier hard coking coal changed hands around $173-174 per tonne fob Aust...Read More
China's ferrous futures were mixed during morning trading on Thursday January 25 with steel contracts ending the session slightly lower than their opening prices while those for raw materials rose. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,953 ($619) per tonne, down 1 yuan per tonne May hot-rolled coil: 3,957 yuan per tonne, down 3 yuan per tonne Dalian Commod...Read More
Shares in London-listed Botswana Diamonds (LON:BOD) were hit Thursday by the news that said sampling work at the company's Thorny River project in South Africa had failed to produce enough diamonds for an economic modelled diamond valuation.While chairman John Teeling said that further geological work would be conducted to determine the economic viability of the resource, the company's stock drop...Read More
Global miner Anglo America (LON:AAL) saw its output climb 5% last year thanks mainly to its diamond and iron ore divisions, though copper production remained flat.The company said output at its diamond unit, De Beers, climbed 22% compared with the previous year to 33.5 million carats, as its Gahcho Ku?(C) mine reached full production.Gahcho Ku?(C), Canada's newest diamond mine and the world's larg...Read More
Shares in the world's largest mining and construction equipment maker Caterpillar (NYSE:CAT) were up almost 4% in pre-market trading on Thursday after the company posted results that beat investors' expectations.The Deerfield, Illinois-based firm, which is considered a reliable bellwether of global economic activity, reported positive fourth quarter and full-year results and delivered bullish proj...Read More
Anglo American's fourth-quarter nickel production results showed a 5% year on year increase to 11,400 tonnes from 10,900 tonnes a year ago, resulting from improved operational stability.The 11,400 tonnes of nickel produced in the fourth quarter was also a record high, according to the company's report. The Barro Alto site in Brazil produced 9,100 tonnes of nickel metal in the fourth quarter of 201...Read More
Selenium prices in Europe continued to move up this week on sustained robust demand from India, with rallying manganese flake prices adding new impetus to the market.Metal Bulletin's selenium free market in-warehouse price rose to $18.50-20 per lb on Wednesday January 24, an increase of 2.7% from the previous assessment, a level last seen in June 2017.A recent rally in manganese flake prices conti...Read More