Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
China's hot-rolled coil exporters continued to raise prices on Wednesday December 19 on South Korean demand.DomesticEastern China (Shanghai): 3,790-3,810 yuan ($549-552) per tonne, widened downward by 10 yuan per tonneNorthern China (Tianjin): 3,620-3,630 yuan per tonne, down 10 yuan per tonneIn Shanghai, although there were deals concluded at 3,790 yuan per tonne during the day, sources said thei...Read More
China's domestic rebar prices were largely flat on Wednesday December 19 amid fluctuations in the billet and futures markets. Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($548-554) per tonne, unchangedNorthern China (Beijing): 3,580-3,600 yuan per tonne, narrowed upward by 10 yuan per tonneThe price of billet rose 10 yuan per tonne in the morning after declining by the same amount late on...Read More
Key data from the Wednesday December 19 pricing session in Europe.Key drivers Prices for ferro-titanium and titanium scrap were stable although the market was quiet in advance of the Christmas break. There were opposing drivers in the ferro-titanium market. Russian material continued to enter the market at the lower end of the range and exert a bearish influence, however, some...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Wednesday December 19:Minor metalsAntimony MMTA standard grade II, $/tonne: $7,750-7,900 per tonne from $7,850-8,000Cobalt MB free market high grade, $/lb: $27.00-29.00...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsSustained investment in people a big plus for consultancySPONSOREDbyrnecutLast week, Bacanora Lithium shareholders were better served li...Read More
A requirement for a higher energy density for new EV battery projects has been removed from the official regulations on automobile industry investment published by the country's National Development and Reform Commission (NDRC) on its website. The energy density threshold was removed from the final version of the regulations on Tuesday December 18 owing to the fact that current technology is not d...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
December 19, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce that it has closed its previously announced non-brokered private placement for gross proceeds of $2,783,480 (the "Private Placement"). The Private Placement consisted of the issuance of 4,905,899 units of the Company (the "Units") issued at a price of C$0.15 per Unit, with each Unit consi...Read More
Trafigura, Natixis and IBM are working together on a blockchain solution for commodity trade finance. Rodney Malcolm, chief financial officer of Trafigura's North American business, explains why. When French bank Natixis and information technology firm IBM started talking about blockchain, the topic resonated very well for Trafigura's North American chief financial officer on the crude and gasolin...Read More
The European molybdenum markets dropped in trading this week as suppliers cut their offer prices to encourage buying interest amid weakening demand. There is an abundance of spot ferro-molybdenum available and signs of lower oxide prices, although the latter has some support due to limited production in coming months. The ferro-molybdenum, basis 65%, in-warehouse Rotterdam price dropped to $2...Read More
As a new year approaches, The Northern Miner runs down 15 of the most interesting new mines scheduled to begin production in 2019.The processing plant under construction at Lundin Gold's Fruta del Norte gold mine in southern Ecuador in November 2018. Credit: Lundin Gold.Fruta del Norte (gold)Lundin GoldThe Fruta del Norte saga has been as dramatic as any in the industry. In 2006, Aurelian Resourc...Read More
Largo Resources (TSX: LGO; US-OTC: LGORF) drilled 24 holes totalling 4,223 metres during phase two drilling at its Novo Amparo Norte (NAN) vanadium deposit. The deposit lies 6.5 km north of Largo's Campbell pit at its Maracas Menchen vanadium mine in Bahia State, Brazil. NAN is the northernmost zone of known mineralization at the project.Highlights from the program's first 20 holes include: 1.18%...Read More
Preliminary results from a bulk sample taken at the Windfall Lake deposit in Quebec delivered an average head grade of 9.7 grams gold per tonne and 5.5 grams silver per tonne, Osisko Mining (TSX: OSK) reports.The sample head grade from Zone 27 is 39% higher than indicated in the resource block model for the area, a "strong result" and "an early Christmas gift to our shareholders," John Burzynski,...Read More
Jon Hykawy is the president and director of Stormcrow Capital. He is a research scientist and expert in lithium, the rare earths, fluorspar and tin. Originally training as a physicist, he has gone on to do technical work with rechargeable batteries, fuel cells and solar and wind power. He recently spoke with The Northern Miner about his outlook for battery metals in 2019.The Northern Miner: Before...Read More
All Fastmarkets non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday December 19.NB: prices...Read More
AngloGold Ashanti Ltd. is considering listing its shares in either London or Toronto in a move that could see the company hive off its remaining South African operations, according to people familiar with the situation.While no final decision has been made, the world's third-largest gold producer has been discussing the plan internally and with advisers, said the people, who asked not to be identi...Read More
It all started so well in 2018 for investors in European metal and mining stocks, as copper led a base-metals rally to multi-year highs in a time before trade turmoil gripped markets. But, as the year closes, the sector index is languishing about 25 percent below its June peak.Fractious rhetoric between Washington and Beijing over tariffs, plus growing worries about the state of China's economy un...Read More
* BP launches sale of seven packages in U.S. shale basins* Interested buyers include Carlyle, Warburg Pincus* Assets are mostly gas-rich which may deter some investorsLONDON/NEW YORK - Britain's BP has launched the sale of U.S. oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP, industry and banking sourc...Read More
WATERLOO, Ont. - Zhongwei Chen, a chemical engineering professor at the University of Waterloo, and teams from universities in China have created a powder that could trap twice the amount of carbon dioxide than conventional materials.Once the powder is saturated with carbon dioxide, it can be transported to underground storage sites, thus keeping the gas out of the atmosphere.The new material is a...Read More