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
Stainless steel prices in China continued to rise over the past week on higher production costs due to elevated nickel prices.Prices for the alloying metal had remained at relatively high levels following the recent move by Indonesia to bring forward its ban on nickel ore exports to 2020 from 2022."Stainless steel prices have maintained an uptrend despite the recent dip in nickel prices because mi...Read More
Base metals on the Shanghai Futures Exchange gave a largely subdued performance during the morning trading session on Thursday October 17, amid persistent macroeconomic uncertainty that continues to weigh on the complex.A general sense of uncertainty and bearishness in global markets is keeping investors cautious this morning, with the SHFE base metals exhibiting mixed movements as a result.Factor...Read More
British ferro-alloys producer FE Mottram, the biggest producer of ferro-titanium in Europe, has restarted production after a fire damaged its plant in April, according to an industry source. The company had intended to restart production in the third quarter of this year. FE Mottram, which is owned by Belgium-based ferro-alloys and metals trader Metraco, stopped production at its plant in She...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftTwo weeks ago, my From the Capital column was about uranium company valuations.Read More
Key data from the Wednesday October 16 pricing session in Shanghai. Key drivers The price for cobalt metal in China's domestic market edged down this week amid caution from spot buyers following a slump in local futures prices. But persistent tightness for certain domestic brands of the blue metal limited the price decline. In battery raw materials,...Read More
In 2011, Pretium Resources (TSX: PVG; NYSE: PVG) shares skyrocketed on some of the most extraordinary gold and silver grades ever reported in B.C.'s Golden Triangle. An early assay from the company's Brucejack project, 1,000 km north of Vancouver, returned an eye-watering 41,582 grams gold per tonne.But in late 2012, doubt started to take hold about the continuity of those grades, when an early re...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftIt's been a few decades now since I hung up my rugby boots, but the moaning and groaning...Read More
U.S. Vanadium, a private company in which venture capital firm Elysee Development Corp. (TSXV: ELC) has a 15% stake, is acquiring a Russian-owned production plant in Hot Springs, Ark., that produces vanadium pentoxide.Russian steel producer, Evraz, purchased the plant in 2007."I cannot speak to why they were interested in selling it," Jim Sims, a spokesman for U.S. Vanadium, tells The Northern Min...Read More
Nemaska Lithium (TSX: NMX, US-OTC: NMKEF) plans to lay off 64 employees, or about half of its staff, after financing delays for its Whabouchi project in Quebec."This difficult decision comes after a rigorous review of the current situation and is aimed at both the optimization of current cash flow and the continuation of the project," the company said in an Oct. 15 release.Nemaska Lithium - which...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday October 16 that are worth another look.Slab shipments to foreign subsidiaries and affiliates of Russia's largest steelmaker, Novolipetsk Steel (NLMK), fell by 43% year on year in the third quarter of 2019.A strike kicked off on October 16 at Antofagasta's Antucoya copper project after workers could not reach an agreement...Read More
Chaarat Gold CEO Artem Volynets joins the podcast this week for a feature interview with acting editor-in-chief Trish Saywell. Volynets discusses the challenges, strategies and opportunities of mining in the former Soviet Union.Artem VolynetsCEO, Chaarat GoldArtem Volynets joined Chaarat Gold as a non-executive director in March 2018 and is now the company's CEO. He made a name for himself as the...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftThis is the same Andersson, we are reminded, who was a key adviser to the Russian govern...Read More
An overview of the noble alloys markets and their latest price moves. Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 16.Key drivers The ferro-titanium market has stabilized losses this week amid a pick-up in traded tonnages, both on a prompt and longer term basis, with sectors such as cored wire and chemicals showing firmer demand than other steel production areas. The spot ferro-titanium price was unchanged at $4.40-4.60 per kg delivered...Read More
China's ferro-silicon market has been stable since participants returned from a week-long national holiday in the country on October 1-7, with prices hemmed between tighter supply amid production cuts and weaker demand.In Europe, prices increased for the first time since the start of August amid supply worries after a recent announcement of cuts to domestic production combined with low trader stoc...Read More
The US ferrous scrap export market was quiet in the week to Wednesday October 16; prices were stable on both coasts, but sellers expect their local docks to increase prices in line with Turkish bulk prices, which inched upward in the latest transactions.No cargoes were sold from the United States in the past seven days, which left Fastmarkets' steel scrap HMS 1&2 (80:20), export index, fob New Yor...Read More
The European non-ferrous scrap market is oversupplied and sellers at this week's Bureau of International Recycling (BIR) conference in Hungary were eagerly approaching buyers in the hope of offloading materials by the end of this year.In a hotel lobby crowded with scrap market participants, a typical pick-up line one would hear at the conference, held October 13-15 in Budapest, was: "Are you buyin...Read More
Global copper supply faces an immediate squeeze but any move in the price looks unlikely.Around 8% of mine supply of copper is at risk of disruption now or in the near future due to strikes, blockades and power shortages in production centers in the United States, Chile, Peru and Zambia.But at $5,700 per tonne, the three-month copper price on the London Metal Exchange is near two-year lows and dow...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesOwner OZ Minerals said about 180,000 tonnes of development ore had been stockpiled and the first production ore was on track to be reached before the end of the year.Read More
"We're thrilled to welcome @dfcamerlengo General Manager, Accelerator @UE to #FutureofMining Americas. David will be hosting the Pitch up Battle for 5 leading #startups. David will also share his insight on the '#Equality in #Innovation' panel. #FOMAmericas https://t.co/OHrEW3j95P"Read full newsRead More