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
The price for copper in the United States market fell in morning trading on Monday February 4 on a lack of fresh news about the US-China trade war, Fastmarkets heard.The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped by 0.60 cents on Monday to $2.7670 per lb.Market participants kept their focus on any new developments in the US-China trade battle...Read More
The London Metal Exchange has approved the Category II membership resignation of independent clearing firm GH Financials Ltd with effect from 11:59pm London time on Monday February 4, the exchange said in a note to members. GH Financials' LME membership dates back to 2012, with the firm's initial membership approval coming alongside BOCI Global Commodities UK Ltd, the LME's first Chinese member. T...Read More
Due to the Chinese New Year holidays on February 4-10 and the closure of the Shanghai Futures Exchange (SHFE), Fastmarkets MB will not publish any live futures reports during Asian hours this week.Fastmarkets MB will continue to publish two live future reports, focusing on London Metal Exchange prices, during European hours as well as one live futures report focusing on CME metal futures markets d...Read More
Key data from the February 1 pricing session in London. Key drivers- Cobalt prices continue to soften, with material from certain metal brands understood to be in adequate supply over the coming months, because they were not committed to long-term supply deals. Benchmark standard-cobalt prices were down by 21.5% in January; alloy-grade prices were down by 23%.- The pace of price declines slowed wh...Read More
The global antimony market was quiet in the week ended Friday February 1 with trading slowing down ahead of the Lunar New Year. Chinese market participants will be largely absent from the market for a week dated February 4-10 for the annual celebration. In Europe, Fastmarkets' price assessment for trioxide-grade antimony, in-warehouse Rotterdam, was stable week on week at $7,800-8,000 per tonne on...Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Monday February 4, with copper down by 0.4% at $6,116 per tonne and zinc leading on the upside with a 0.6% gain. Aluminium, nickel and lead were all up by 0.2% and tin was little changed.With the Lunar New Year holidays (February 4-10) underway in China and across most of Asia, volume across the LME base metals co...Read More
In Europe, the ferro-silicon price fell to lows last seen in February 2017 last week on suppliers competing for business from steelmakers keen to push down their feedstock prices amid weakening underlying consumption; while the domestic Chinese market dropped by 2.4% week on week amid quiet business conditions ahead of Lunar New Year. Chinese domestic and export prices drop European market...Read More
Global vanadium prices were stable to slightly firmer in the week ended Friday February 1, underpinned by fundamental tightness albeit with many Chinese players already out for the new year holidays. European vanadium prices firm as sellers see no pressure to destock Chinese markets hold steady while market winds down for Lunar New Year US ferro-vanadium price rises on deal done at high...Read More
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China. To view the latest price assessments, follow the links below: Europe - Ferro-vanadium, delivered duty-paid in Europe, $ per kg V - Vanadium pentoxide, in-warehouse Rotterdam, $ per lb V2O5 China - Ferro-vanadium, 78% min, fob China, $ per kg V - Vanadium pentoxide, 98% min, fob C...Read More
February 4, 2019 - ATAC Resources Ltd. (TSX-V: ATC) announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those parties to purchase up to a total of 2,580,000 common shares at a price of $0.30 for a period of five years.All options will vest on a quarterly basis commencing three months from the date of granting.About ATACATAC is a Yukon-...Read More
Import prices for steel slab in Southeast Asia and East Asia increased over the past week amid higher offers after a month-long price decline, although trading activity was sparse due to the wide bid-offer spread.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $430-445 per tonne cfr on Monday February 4, up $15-20 per tonne from a week earlier.One deal...Read More
The Young Mining Professionals (YMP) - a non-profit group with chapters in Vancouver, Toronto, Montreal, Sudbury, Perth, Brisbane, Johannesburg and London - has given its Mining Professional of the Year awards for 2018 to Andr?(C)e St-Germain, chief financial officer of Integra Resources (TSXV: ITR; US-OTC: IRRZF) and Jose Vizquerra, executive vice-president of strategic development and a director...Read More
OceanaGold (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 oz. of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs (AISC) ranging from US$850 and US$900 per oz. gold sold.In 2018 the company produced 533,300 oz. of gold and 15,000 tonnes of copper at AISC of US$767 per ounce.This ye...Read More
The pressure on platinum miners is different to that in gold, though the outcome could be similar as the threat of a global rush into electric vehicles cuts demand for both platinum and its sisterRead More
Rio Tinto's BC Works aluminum smelter and Kemano power operations have been certified by the Aluminium Stewardship Initiative (ASI). This is the highest internationally recognized standard for environmental, social and governance practices.All of Rio Tinto's aluminum operations in Canada are now ASI certified. That makes the company the only one that sells ASI certified aluminum through a chain of...Read More
Vancouver-based Lithium Energy Products (TSX-V: LEP) announced that it entered into a Binding Letter of Intention with American Strategic Minerals to acquire 100% of its assets, including the Lost Sheep fluorite mine in Juab County, Utah.In a press release, LEP explained that this arm's length acquisition will include 51 claims of US federal land, and 640 acres of State land, covering a total land...Read More
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More
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Like Peter Lynch once said, consumers should stick to investing in what they know.Read full newsRead More
After gaining control of 51.23 percent shares of gold and copper miner PT Freeport Indonesia, the government is eyeing to gain a 20 percent stake in publicly listed nickel miner PT Vale Indonesia (INCO).Read full newsRead More