Renewed selling interest on Friday May 17 has capped the upside from the slight rebound mid-last week and the metal markets generally look shaky in the early morning of Monday May 20. Our assessment of global risk sentiment remains fairly weak and highly dominated by negative macro events. The simmering US-China trade altercation continues to undermine appetite for risk assets. US President D...Read More
Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday May 20, with nickel leading the falls and only copper and lead showing positive performances.Nickel was one of the big underperformers, with the most-traded July contract declining to 97,540 yuan ($14,156) per tonne as at 9.59am Shanghai time, down by 340 yuan per tonne, or 0.3%, from Friday's close of...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsSpeaking at the Latin America Down Under conference in Perth, the Canadian company's director of projects, Zenon Wozniak said the massive project had moved into the operations phase last quarter withRead More
Demand for stainless steel in China's domestic market was steady over the past week, but trade tensions between the country and the United States are starting to show signs of weighing on prices.The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,100 yuan ($2,036-2,094) per tonne including value-added tax for the week...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesHole FSDH028 hit 547.5m at 0.4% copper, 0.78g/t gold and 8g/t silver from 16m.The final 20m averaged 0.67% copper, 0.74g/t gold and 43.5g/t...Read More
Volker Pawlitzki has left Canadian minor metals and specialty chemicals producer 5N Plus, sources from the company have confirmed to Fastmarkets Pawlitzki joined 5N Plus in September 2017 as vice president for...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 17. China The Chinese domestic antimony price tumbled for the second consecutive week after some domestic producers cut their offer prices further in an attempt to generate cash to pay bank loans. Yet some domestic antimony suppliers were resistant in surrendering much on the prices further, and some we...Read More
Key data from the Friday May 17 pricing session in London. Key drivers - Cobalt prices show slight weakness over the course of the week while consumers and traders refrain from buying. Sellers lower their offers while consumers have their immediate requirements covered, so most market participants expect a moderate decline in prices over the summer. -...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 17. China The Chinese silicon export price moved down due to a weaker yuan, which offset price support from tight upstream material supply in northern China. According to exchange rate website Oanda.com, $1 was worth 6.91 yuan on Friday May 17 compared with 6.82 yuan a week earlier. Weak demand ab...Read More
Ferro-vanadium prices continued to fall globally last week amid weakening demand, with vanadium pentoxide (V2O5) prices in Europe and China following the move downward. Chinese ferro-vanadium export price drops more than 18% amid weakening domestic market. European ferro-vanadium, V2O5 prices fall again on weak demand; hit lowest level since October 2017. US market edges down under pres...Read More
European secondary aluminium prices fell to their lowest levels in 10 years on Friday May 17, attributed to softening in the European automotive sector which has continued to exert downward pressure on the market. Outright prices for European aluminium scrap grades and 226 ingot typically track the automotive sector since they are primarily consumed for automotive production. Aluminium scrap grade...Read More
Norwegian metals maker Norsk Hydro has been given the go ahead by a Brazilian federal court to resume full output from the company's Alunorte alumina refinery, it said on Monday.The plant, a key supplier to the aluminium industry, currently operates at half of its capacity after a spill in February 2018 that prompted regulators and courts to restrict output.A restart of Alunorte will bring a signi...Read More
One million dollars has long been the benchmark for how much retirees need to have saved for a comfortable retirement. However, it appears a cool million doesn't go too far these days. A new report by GoBankingRates, looked at how long a nest egg of $1 million would last in the U.S. The study compared average expenses for people age 65 and older, including groceries, housing, utilities, transporta...Read More
BETANZOS, BOLIVIA - Vancouver-based junior New Pacific Metals (TSXV: NUAG; US-OTC: NUPMF) could be on the verge of a major silver discovery in south-central Bolivia, after clinching a pioneering deal with Bolivian authorities.For 500 years, since the discovery of the giant Cerro Rico silver deposit at Potosi, Bolivia has tantalized visitors with its mineral wealth. But the country's unstable polit...Read More
The S&P/TSX Composite Index rose 0.64%, or 104.20 points, to 16,401.80. The S&P/TSX Global Mining Index increased 0.11 points, or 0.15%, to 71.55, while the S&P/TSX Global Base Metals Index fell 2.75 points, or 2.48%, to 107.96, and the S&P/TSX Global Gold Index climbed 3.96 points, or 2.23%, to 181.21. Spot gold fell US$8.70 per oz., or 0.68%, to finish the trading week at US$1,277.10 per ounce.S...Read More
The Dow Jones Industrial Average lost 0.69%, or 178.37 points, to finish the May 13 to 17 trading week at 25,764.00, and the S&P 500 Index fell 0.76%, or 21.87 points, to 2,859.53. Spot gold dropped US$8.70 per oz. or 0.68% to US$1,277.10 per ounce.Strong quarterly results sent Kinross Gold's shares up 3.6% to US$3.16. Kinross reported net earnings in the three months ended March 31 of US$64.7 mil...Read More
The S&P/TSX Venture Composite Index rose 9.67 points, or 1.61%, to finish the May 13 to 17 trading week at 609.15.News of the acquisition of Atlantic Gold by Australian gold producer St Barbara sent Atlantic's shares up 89 ? to $2.89. St Barbara's offer represented a 40.8% premium to the company's 30-day volume weighted average price. The offer consisted of $2.90 per share in cash plus a spin-out...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingAccenture's natural resources lead Ann Burns out...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingAnalysts argue Australian producers of the steel...Read More
"Will 2019 see the continued surge in base #metal interest? Head of Commodity Research at @LGIM , Nick Stansbury will take to the stage at Mining Journal Select this June to discuss the rise in interest for #commodities such as #copper. #MJS #MJSelect"Read full newsRead More