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 prices picked up more strength on Friday January 18 on improved sentiment.DomesticEastern China (Shanghai): 3,650-3,670 yuan ($539-542) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,640-3,650 yuan per tonne, narrowing upward 50 yuan per tonneAlthough prices rose in Shanghai while those in Tianjin narrowed upward, a Hangzhou-based trader said these were large...Read More
Key data from the Friday January 18 pricing session in Europe.Key driversBenchmark cobalt prices continue to slide, with some market participants eager to sell units not committed to 2019 contracts. Wide premium for standard-grade over alloy-grade material narrows as...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 Friday January 18:Minor metalsBismuth MB China domestic, yuan/tonne: 49,000-51,000 yuan per tonne from 49,500-51,000 yuanChromium MB free market alumino-thermic, $/tonne: $9,600-9,950 per tonne from $9,800-10,200Cobalt MB free market alloy grade, $/lb: $20.50-22.50...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 18. China The domestic ferro-chrome spot price was unmoved amid thin trading activity. Many market participants await February's tender prices, which mills are expected to release next week. Higher trade prices and increased liquidity pushed up the UG2...Read More
Import prices for stainless steel in Asia appear to have stabilized after a six-month slump thanks to an uptick in demand, a recovery in the nickel market and a potential drop in Indonesian supply. These seem to have put an end to the region's heated price war, sources told Fastmarkets MB on Wednesday January 16.Prices for 304 stainless cold-rolled coil and hot-rolled coil began to decline in earl...Read More
Which of Mines' 29 campus departments or programs will get the biggest share of the #idigmines Giving Day bonus funding and other matching incentives, all totaling more than $100,000?Mark your calendar: #idigmines Giving Day is back on Feb. 7.This year marks the third 24-hour giving day when the Mines community comes together to show their Mines love by supporting the campus causes they dig the mo...Read More
Denison Mines (TSX: DML; NYSE-AM: DNN) getting to work on this year's exploration programs on its Wheeler River, Waterbury Lake and Hook-Carter uranium properties in northern Saskatchewan's Athabasca basin.Waterbury and Wheeler River are on the east side of the basin while Hook-Carter is on the west side, near Fission Uranium's (TSX: FCU; US-OTC: FCUUF) Triple R uranium deposit and NexGen Energy's...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday January 18:Aluminium ingotDuty paid delivered works...Read More
Bayhorse Silver (TSXV: BHS; US-OTC: KXPLF) has tabled 23 new silver channel samples from its Bayhorse silver mine in Oregon. The company is trying to find the mine's higher grade zones; it will then designate the barren zones as support pillars in its mine design.The company sampled from two new raises and stopes built 15 metres apart. It took samples measuring 1 metre by 0.2 metre on 0.9 metre ce...Read More
Import prices for ferrous scrap in Vietnam continued to fall this week amid bearish sentiment in the market, while those in Taiwan held up due to low selling interest and sluggish trading.In contrast, steel mills in South Korea continued to book large quantities of ferrous scrap in the early part of the week from the United States.VietnamImport prices into the Southeast Asian nation softened again...Read More
Macquarie Research has chosen Bellevue Gold (ASX: BGL) as its top explorer pick in Australia for 2019.The junior, which is trading at A$0.495 per share and has a market cap of about US$143 million, is delivering high-grade drill results from its Bellevue gold project in Western Australia.The company says it has delineated over one million ounces of gold in less than 12 months at a discovery cost o...Read More
Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25Fearful about the prospects for my own mortality, I was compulsively drawn to a recent ‘View from the...Read More
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports.Last year the Mongolian copper-gold mine produced 159,100 tonnes of copper, up 1.1% from 2017, and 285,000 ounces of gold, up 150% from 2017.The mine, 80 km north of Mongolia's border with China and roughly 550...Read More
Bayhorse Silver (TSXV: BHS; US-OTC: KXPLF) has tabled 23 new silver channel samples from its Bayhorse silver mine in Oregon. The company is trying to find the mine's higher grade zones; it will then designate the barren zones as support pillars in its mine design.The company sampled from two new raises and stopes built 15 metres apart. It took samples measuring 1 metre by 0.2 metre on 0.9 metre c...Read More
Burkina Faso's thriving gold mining sector has been rattled by a new wave of Islamist violence and sporadic outbreaks of interethnic conflict.The industry has been booming in recent years - with Burkina Faso expecting to announce that 2018 was its most successful year for gold production - but could the latest outbreak of Islamic militancy prove an insurmountable challenge for the country's resili...Read More
Following a mapping and prospecting campaign in conjunction with a grid-based soil sampling program and follow-up rock channel sampling, Carube Copper (TSXV: CUC) reported the discovery of high-grade copper-silver mineralization at its Main Ridge Project in Jamaica.Known for its initials MR, the project covers 30 square kilometres of the island country's south-central region, an area where the Spa...Read More
China Molybdenum, which bought the giant Tenke Fungurume copper and cobalt mine from Freeport-McMoRan in 2016, is buying a holding company for $1.14 billion that will give it an 80%-stake in Democratic Republic of Congo's operation.The Chinese miner, which has spent almost $5 billion in the past two years on an acquisition rampage, said it had agreed to buy BHR Newwood DRC Holdings Ltd, a holdin...Read More
Deal with Mercuria Energy canned after 12 monthsRead full newsRead More
"Silver futures on Friday posted the biggest weekly loss since November, whilegold, platinum and palladium held onto their 2019 gains https://t.co/U5nQdajw0I via @markets"Read full newsRead More