Eastern promise for PolarXSPONSOREDpolarxUnder the agreement, Gold Fields has the right to set up a technical advisory panel to review and provide input on Chakana's exploration programme, a pre-emptive right to participate in any future proposed equity offering to maintain its pro-rata interest, and the right to increase its equity position to match that of another mining company in a future equi...Read More
Three-month copper and aluminium prices on the London Metal Exchange were subdued across morning trading on Monday April 29, with price sentiment dampened by sizable inflows into various LME-registered locations, while scheduled US-China trade talks this week could boost buying sentiment. Over 37,000 tonnes of copper was delivered into LME-registered warehouses in Asia, Europe and North America th...Read More
The latest selenium transactions, bids, offers and assessments in Europe reported to Fastmarkets.Unless otherwise stated, all prices are per lb and on an in-warehouse Rotterdam basis. Delivered prices are netted back.To view the latest price assessment, click here.To see all Fastmarkets' pricing methodology and specification documents, go to: www.metalbulletin.com/prices/pricing-methodologyWednesd...Read More
Key data from the pricing session in Europe on Friday April 26.Key drivers Several producers of chromium metal are already destocking ahead of the summer lull, according to sources; this destock usually does not happen before late May-June. Sources see this as a clear sign of slow demand. The chromium market has been following a...Read More
London Metal Exchange base metals prices have generally been weak in recent days but some dip-buying seems to be emerging, which for now is providing support. But, with much of Asia in, or heading for, Golden Week and Labor Day holidays, liquidity is likely to shrink either leading to more volatility, or quiet trading in the days ahead. Base metals Three-month base metals prices on the L...Read More
Eramet increased its manganese output by 14% year on year in the first quarter of 2019, while also increasing sales volumes by 7% despite lower prices, the French mining and metallurgical group said on Thursday April 25.The company produced a record quarterly volume of 1 million tonnes of manganese ore and made ?,?434 million ($483.63 million) in product sales.The performance shows a healthy manga...Read More
Key data from the pricing session in London on Friday April 26.ChinaKey drivers-The Chinese grade-553 silicon export price moved down on ample supply and weak demand.- Some traders cut offers to attract buying interest on expectations that prices could slide further after Sichuan producers resume operations in May, with cheaper hydroelectric power available to the region at that time. - Most silic...Read More
Chinese imports of cobalt intermediates rose quickly in March after the price, as well as that of the international cobalt benchmark price, accelerated downward in January, which stimulated buying of the raw material. China imported 21,210 tonnes of cobalt intermediates in March, up by almost 83% from 11,596 tonnes in February, according to official but unconfirmed data. Prior to March, Chinese im...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for March Personal Income was an increase of 0.3% versus a gain of 0.2% I February. Actual was a gain of 0.1%. Consensus for March Personal Spending was an increase of 0.7% versus an increase o...Read More
Fastmarkets MB has corrected its monthly alloy surcharges for Europe domestic grade-304 and grade-316 stainless steel cold-rolled sheet (2mm) for April, which were published incorrectly on March 29, 2019 due to an error.The incorrect ranges were published because one of the stainless steel mills - whose surcharges comprise the ranges - was late in publishing them for April. The range for grade-304...Read More
With LME Asia Week fast approaching, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: the growing risk of supply-side headwinds for nickel prices.Nickel prices face considerable downside pressure from increasing supply of two nickel-containing stainless steel raw materials - nickel pig iron (NPI) and nickel plate - as well as an abunda...Read More
Although baseball is America's favorite pastime, a close second could be shopping. The average American spends around $161 per month on clothes and accessories, according to CreditDonkey.com. Women spend nearly 76% more than men do per year, and the average family of four spends around $1,800 per year on clothes, with $388 spent on shoes. Buying clothes is a necessary evil but an expensive hobby....Read More
Today we don the prophet's motley, climb atop our soapbox… and holler a thumping prediction.For we have indication - reliable indication - that an established trend will soon end. And that another will begin.But what established trend? How will it end? And why so all-fired important?Answers anon. But first an after-action report on today's combats...The bears won - if barely.The Dow Jones lo...Read More
The O'Brien mine, halfway between the towns of Rouyn-Noranda and Val-d'Or along the Larder-Lake-Cadillac fault, was considered the highest grade gold producer in Quebec between 1926 and 1957, when the underground operation churned out 1.20 million tonnes grading 15.25 grams gold per tonne for 587,121 oz. gold.Today, the historic mine is part of Radisson Mining Resources (TSXV: RDS; US-OTC: RMRDF)...Read More
In this gutsy speech first recorded at The Northern Miner's Progressive Mine Forum in late 2017, Iamgold (TSX: IMG; NYSE: IAG) president and CEO Steve Letwin speaks about the need to be ever-vigilant with regards to cost control and innovation when running a business - and what calamities can happen if you're not.This is an encore broadcast of Steve's keynote in honour of his upcoming appearance a...Read More
The following is an edited transcript of a portion of a podcast interview with James Gallagher, president and CEO of North American Palladium (TSX: PDL; US-OTC: PALDF). Gallagher discusses the supply and demand fundamentals of the palladium market, and why palladium won't likely suffer much substitution by platinum in the critical global autocatalyst market.Gallagher joined North American Palladiu...Read More
Australian lithium producer Alliance Mineral Assets (ASX: A40) said Monday it had inked a joint venture deal with a major Chinese maker of engines for electric vehicles (EVs), which would allow the miner to feed its output into the partner's manufacturing process without capital costs or construction risks.As part of the deal, Alliance and Jiangxi Special Electric Motor have agreed to move into th...Read More
Drilling at the Antenna target on Premier Gold Mines' (TSX: PG) McCoy-Cove project in Nevada has returned a 119-metre intercept grading 4.12 grams gold per tonne.Drill hole 19-03R started from 607 metres downhole and includes a 34-metre interval of 5.96 grams gold starting from 692 metres downhole, and a 12-metre intercept of 8.08 grams gold from 703 metres downhole.Premier plans to twin the rever...Read More
How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftBut whether Mackenzie could, or would, give a direct answer is unlikely be...Read More
Aluminum Corp of China Ltd, known as Chalco, said on Monday its profits rose 46 percent year-on-year in the first quarter as aluminium prices stabilised and asset disposals swelled its bottom line.Chalco, the listed arm of China's biggest state-owned aluminium firm, Chinalco, posted net income of 444.9 million yuan ($66.08 million) in January-March, according to a filing to the Hong Kong stock exc...Read More