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
Copper's three-month price on the London Metal Exchange continued on an upward trend at the close of trading on Wednesday February 6, maintaining its strong advance toward a price of $6,300 per tonne amid low liquidity because of a national holiday in China.Volumes traded were moderate over the day, with copper's 12,936 lots topping the complex. The metal also benefitted from a fresh cancelation o...Read More
US market participants eyed premium increases on nickel cut-cathodes after local supply ran short in the week to Tuesday February 5, while European demand was focused on briquettes, boosting premiums by 4% at the midpoint of Fastmarkets' range. Slight gain in the US briquette premium, but cut-cathode premium pulls further ahead European nickel briquette premium rises to 4% week on week to $2...Read More
Zinc and lead premiums in all regions were unchanged over the past week while Chinese participants were sidelined due to the Lunar New Year (February 4-10). European zinc premium market stable. US lead and zinc markets unchanged despite strong demand. India lead premiums flat amid weak spot market activity. European zinc premiums stable, no delivery seen despite big cancelations Europ...Read More
Ghana Manganese has been ordered to cease operations by Ghana's minister of lands and natural resources due to inconclusive data.The operation is Ghana's sole manganese producer and a subsidiary of Consmin, which was bought by China's Ningxia Tianyuan Manganese in 2016.The company has been given until February...Read More
A tough financing environment has remained pervasive despite the talk of how bare the reserve cupboards are.Read More
Turkish deep-sea scrap import prices were stable on Wednesday February 6 despite news of a freshly booked cargo, sources told Fastmarkets.A steel mill in the Marmara region booked a European cargo comprising 12,000 tonnes of shredded at $328 per tonne cfr and 6,000 tonnes of busheling at $359 per tonne cfr for March shipment.Offer prices...Read More
By: Ira EpsteinMetals very mixed going into the State of the Union address:Read More
* Vale supply concerns boost nickel * LME nickel stocks down* GRAPHIC-2019 asset returns: (Adds closing prices, updates positions)By Zandi ShabalalaLONDON, Feb 6 (Reuters) - Nickel hit its highest in morethan four months on Wednesday on concerns that a force majeureby Brazil's Vale on some iron ore contracts could lead torestrictions in its nickel supply.Benchmark nickel on the London Metal Exchan...Read More
Gold futures settle lower Wednesday for a fourth straight session, but market bulls continue to expect global growth worries to keep a floor under the yellow metal. Gold for April delivery GCJ9, -0.27% on Comex lost $4.80, or 0.4%, to settle at $1,314.40 an ounce, following modest losses in each of the past three sessions. Prices settled at their lowest in a week. March silver SIH9, -0.20% decli...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday February 6 that are worth another look.Brazilian miner Vale has declared force majeure on a number of iron ore and pellet contracts with customers following the halt of its Brucutu mine in the state of Minas Gerais, the company said on Tuesday February 5. Ghana Manganese has been ordered to cease operations by Ghana'...Read More
The US copper market saw continued buying strength in morning trading on Wednesday February 6 with industry participants awaiting upcoming global trade talks. The copper price for March settlement on the Comex division of the New York Mercantile Exchange gained 2.55 cents to $2.8425 per lb. "Senior US and Chinese officials are expected to start another round of trade talks in Beijing next week, wi...Read More
The past-producing Troilus gold mine near Chibougamau, Quebec. Source: Troilus Gold Corp.Troilus Gold Corp. [TLG-TSXV] on Wednesday February 6 reported a significant increase in share ownership of the company by management and the board.Within the last three months, members of the Troilus management team and board of directors have acquired over 2.72 million shares, an amount that represents appro...Read More
International mining companies that oppose the new mining code in the Democratic Republic of Congo (DRC) are a lot closer to resolving their outstanding issues than they were a year-ago, but work remains to be done, according to the chief executive officer of Canadian miner Barrick.Mark Bristow, who took over at Barrick after its $18.3 billion merger with Randgold Resources was completed at the st...Read More
Underground development at Ivanhoe's Kamoa-Kakula mining complex in the Democratic Republic of Congo. Source: Ivanhoe Mines Ltd.Ivanhoe Mines Ltd. [IVN-TSX; IVPAF-OTC] Chairman Robert Friedland says the company's Kamoa-Kakula mining complex in the Democratic Republic of Congo is set to become one of the world's greatest copper mines. Peak annual production is expected to exceed 700,000 tonnes.Frie...Read More
Basamuk Processing Plant part of US$2.1 billion Ramu Nickel Cobalt Mine in Papua New Guinea - Credit Highlands Pacific June 2018INTERVIEW with Anthony Milewski, Chairman and CEO, Cobalt 27 Capital Corp., on the friendly acquisition of Highlands Pacific in a transaction expected to add initial increased attributable production of over 600,000 lbs of cobalt and 2,900 tonnes of nickel per year to Cob...Read More
Diamond drill core from the Sun Metals Stardust Project in north-central British Columbia. Source: Sun Metals Corp.Sun Metals Corp. [SUNM-TSXV] has agreed to acquire, through a wholly-owned subsidiary, all of the issued and outstanding shares of Lorraine Copper Corp. [LLC-TSXV, LRCPF-OTCQB] by way of a plan of arrangement. Sun Metals is currently earning a 100% interest in Lorraine's wholly-owned...Read More
International mining companies that oppose the new mining code in the Democratic Republic of Congo (DRC) are a lot closer to resolving their outstanding issues than they were a year-ago, but work remains to be done, according to the chief executive officer of Canadian miner Barrick.Mark Bristow, who took over at Barrick after its $18.3 billion merger with Randgold Resources was completed at the st...Read More
arget #14 (Paradis Pond) on the Bishop Nispissing diamond project near Cobalt, northeast Ontario. Source: RJK Explorations Ltd.RJK Explorations Ltd. [RJX.A-TSXV; RJKAF-OTC] has struck a deal with prospector Anthony Bishop to acquire the Bishop Nipissing diamond properties south of Cobalt, Ontario.RJK said the properties cover 2,090 hectares and encompass at least 18 potential kimberlite pipes.Bish...Read More
Mucking operations during test mining at the Madsen Gold Project at Red Lake, Ontario. Source: Pure Gold Mining Inc.Pure Gold Mining Inc. [PGM-TSXV] on Tuesday February 5 announced an updated and expanded mineral resource estimate for its 100%-owned Madsen Gold Project in Red Lake, Ontario.It said the announcement features a significant increase in estimated mineral resources at the Madsen Project...Read More
Ontario's Government for the People is supporting economic growth, job creation and resource development in northwestern Ontario by providing certainty around the construction of a new transmission line between Thunder Bay and Wawa.Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs visited Fort William First Nation today to announce that Ontario ha...Read More