Live Investor Summit to be hosted by Mining Stock Education Webinar on May 14, 2019, at 3pm ESTELKO, Nevada, May 8, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today announced that it will present a business update in a Mining Stock Education Live Investor Summit titled 'Making American Mining Great Again', as the Company continues to advance its Copper King and Keystone assets. In an...Read More
The stainless steel scrap market in the United States remains depressed, with prices taking another step downward in the week to Tuesday May 7 while market participants indicated very little optimism for the near future.The general market sentiment has been one of caution and concern, due to scrap prices - both for dealers and for brokers/processors - moving down considerably this week. Consumer d...Read More
Ferrous scrap dock buying prices rose modestly in Boston and New York while East Coast exporters worked to fill four cargoes booked in the past two weeks, although dock prices in Philadelphia held steady on Wednesday May 8.In Boston and New York, the prices for No1 heavy melting scrap (HMS) increased by $5 per gross ton to $245 per ton and $255 per ton, respectively, while Philadelphia HMS re...Read More
Brazilian miner Vale's output of iron ore dropped by 11.10% year-on-year in the first quarter of 2019, while sales fell by 22.20% in the same comparison, due to the tailings dam disaster at Brumadinho and unusual weather conditions.The company produced 72.87 million tonnes of iron ore from January to March, down from 81.95 million tonnes in the first quarter of 2018, Vale said on Wednesday May 8.F...Read More
The Turkish steel mills went quiet in the deep-sea scrap markets on Wednesday May 8 due to low demand for finished steel and the country's worsening political situation, sources told Fastmarkets.The most recent cargo booking in the deep-sea trade was on May 7. A steel mill in the Iskenderun region booked a US cargo, comprising 23,000 tonnes of HMS 1&2 (80:20) at $300 per tonne and 5,000 tonnes of...Read More
Seaborne iron ore prices fell back on Wednesday May 8, following a downturn in both the futures and steel markets.MB 62% Fe Iron Ore Index: $95.57 per tonne cfr Qingdao, down $0.58 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.25 per tonne cfr Qingdao, down $0.58 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.29 per tonne cfr Qingdao, down $0.57 per tonne. MB 58% Fe Premium Index: $86....Read More
The seaborne coking coal spot market strengthened further on Wednesday May 8 with a transaction for a cargo of premium materials being concluded above its prevailing price. A top Australian brand, scheduled for loading in the second half of May, was sold at $212 per tonne cfr China to a major mill in Hebei province, various sources told Fastmarkets. The same shipment had changed hands around two w...Read More
United States-origin bulk ferrous scrap is undercutting Japanese H2 heavy scrap in the Asian spot markets despite stable demand from buyers in recent weeks.Significant price drops in the US domestic market have led to a fall in export offers from the US West Coast, leading to lower bids from buyers in Asia. VietnamHeavy melting scrap 1&2 (80:20) was being offered at...Read More
The Comex copper price dipped in US morning trading on Wednesday May 8 with lingering fears over the global trade war pressuring metal prices downward.The copper price for July settlement on the Comex division of the New York Mercantile Exchange inched down 0.80 cents to $2.7775 per lb. The red metal has seen heavy selling pressure over the past few weeks with a stronger dollar and uncertain trade...Read More
Import prices for stainless steel in East Asia fell over the week ending on May 7 amid a downturn in the London Metal Exchange nickel price and limited buying interest.The LME three-month nickel contract ended the official trading session at $12,040-12,050 per tonne on May 7, down by $400 per tonne from the close on May 1. The LME nickel price hit a 2019 peak of $13,650-13,660 per tonne on March 6...Read More
Hong Kong Exchanges and Clearing (HKEX), owner of the London Metal Exchange, has reported higher revenues and earnings in its first-quarter results this week, on lower LME volumes and higher operating expenses.The group's consolidated results for the three months to 31 March 2019 showcase an overall revenue increase of 3% compared with the first quarter of 2018, while earnings before interest...Read More
China's hot-rolled coil prices weakened on Wednesday May 8 amid persistently thin trading.DomesticEastern China (Shanghai): 4,060-4,070 yuan ($599-601) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 3,920-3,950 yuan per tonne, widening downward by 20 yuan per tonneMarket participants said mills lowered their offers during the day in response to recent days' sluggish buying.But this...Read More
Fastmarkets' global copper premiums held flat on Tuesday May 7 amid a broadly weak buying appetite, while a dip in three-month copper prices on the London Metal Exchange and easing tightness in copper's forward spreads did little to galvanize the stagnant premium levels. Shanghai premiums hold at a 2-year low Lack of demand limits European buyingWeak second-quarter demand caps US premiums Shanghai...Read More
Colorado School of Mines offered Hacking for Defense (H4D@Mines) for the first time this semester and two of the inaugural student teams have already founded companies to further the national security solutions they developed for the mission-driven entrepreneurship course.The two Mines startups each tackle a critical challenge facing the U.S. Department of Defense/Intelligence Community: HazNet ha...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
SANTIAGO, CHILE - Rules which once helped turn Chile into a mining powerhouse have become a weight around its neck.Chile's place as the world's largest copper producer looks assured. Production last year hit a record 5.8 million tonnes, equivalent to 29% of global mine output and almost double its nearest rival Peru.Mining companies are readying projects worth US$65 billion, which could lift prod...Read More
Avesoro Resources (TSX: ASO; LON: ASO) has increased the mineral reserves at its Youga gold mine by 23% - extending the mine life of the Burkina Faso open-pit operation by an additional four years to 2031.The junior, which also produces gold at its New Liberty mine in Liberia, says proven and probable reserves at Youga now stand at 14.74 million tonnes grading 1.72 grams gold per tonne for 814,900...Read More
The following Fastmarkets minor metals prices changed on Wednesday May 8:Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 42,000-43,000 yuan per tonne from 43,500-44,500 yuanBismuth MB free market, $/lb: $3.30-3.70 per lb...Read More
Some Chinese germanium producers have slowed or even halted their output in their efforts to avoid more severe losses after the price of the metal sank lower than was expected in the first quarter of the year, sources have told Fastmarkets.A Kunming-based germanium producer had plans to suspend production at one plant for half of this year, starting from May, a China-based market source said.This...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsMy dear old dad is living proof that a little knowledge is a dangerous thing.Read More