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
Key data from the Wednesday May 8 pricing session in Europe. Key drivers The European ferro-titanium price was stable week on week, extending a steady trend for the fourth pricing session in a row.Scrap markets have been steady for the third consecutive week. Alloy supply worries are supporting prices despite low key trading activity in the week to Wednesday. Market sentiment is being...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday May 8:Aluminium scrapCommercial pure cuttings: ?930-970 per tonne from ?960-1,000Loose old rolled cuttings: ?660-680 per tonne from ?680-700Baled old rolled: ?730-750 per...Read More
Norsk Hydro will aim to create a more sustainable footprint through the life cycle of its low-carbon aluminium products and solutions, the company's new president and chief executive officer, Hilde Merete Aasheim, said this week.Aasheim took up her new position at the Norwegian aluminium producer on Wednesday May 8, replacing Svein Richard Brandtz??g whose departure was announced in Marc...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
A wave of consolidation is coming in the gold mining industry, but don't count on buyers overspending on assets, B2Gold Corp. chief executive officer Clive Johnson said."You have an environment now where people are learning their lesson, which is don't get in bidding wars and pay crazy premiums to acquire companies," Johnson said in a telephone interview Wednesday. That means "companies that aren'...Read More
For about a century, starting in the 1860s, the most prolific gold mining region of British Columbia was the Cariboo.The town of Barkerville, which sprung up in the Cariboo gold rush, was once a bustling town of 5,000.But by the 1950s, gold mining had pretty much dried up in the area, and the town of Barkerville was saved from becoming yet another B.C. mining ghost town only when it was turned int...Read More
Political rehabilitation doesn't get much better.Just over a year ago Russian aluminium producer Rusal was hit with swingeing sanctions by the U.S. government.The company's owner, Oleg Deripaska, was accused of a litany of misdeeds by the Treasury Department's Office of Foreign Assets Control (OFAC), all of which he denied, and his sprawling industrial empire, including Rusal, was slapped with sec...Read More
". @Wheaton_PM will be sponsoring Mining Journal Select's drink reception!Wheaton Precious Metals is one of the world's largest precious metals streaming companies #MJS #MJSelect #mininginvestment"Read full newsRead More
"Vale Q1 2019 #nickel production miss. Production of 55kt (down 31% q/q and 22% y/ y) due to scheduled maintenance at the Matsusaka refinery, which affected Indonesia, and lower-than expected production at VNC and in Brazil (Scotiabank)"Read full newsRead More