KUALA LUMPUR - The chief executive of Australian rare earth metals producer Lynas Corp said on Friday that feedback from the Malaysian government relating to its plans to move initial ore processes out of the Southeast Asian nation has been favourable.In a strategic growth plan to 2025 unveiled last Tuesday, Lynas said it intends to build an initial ore processing plant in Western Australia that...Read More
Max Resource (TSXV: MXR) reported this week the first assays from its 10-week exploration program underway at the North Choc?? copper-gold project, located 80 kilometres southwest of Medell?-n, Colombia.Among the highlights of the campaign, Max said that seven of 23 chip samples returned grades ranging from 155.27g/t gold to 2.94g/t gold and, of those seven samples, three returned values of >10,00...Read More
LUSAKA/JOHANNESBURG - A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4.The government is pressing for the liquidation of KCM which it has accused of breaching its operating licence. The company faces a lawsuit in the English courts over allegations KCM polluted the land of nearly 2,000 Zambian...Read More
Diversified Canadian miner Teck Resources (TSX:TECK.B)(NYSE:TECK) is one Canadian stock that is vulnerable to a full-blown trade war between the U.S. and China. Recent trade tensions, because of Trump's decision to ratchet up tariffs on US$200 billion of goods from China, have hit the miner's stock hard. It’s down by 25% over the last year.Fears of a trade war reigniteChina, and, more speci...Read More
Gold miners continue to garner a bad rap from many analysts and market pundits because of claims of shareholder value destruction, poor allocation of capital and fraud. One example consistently pointed to by pundits opposed to gold mining stocks as an investment is Colossus Minerals, which filed for bankruptcy in January 2014 after a disastrous foray into Brazil.Some pundits claim that that projec...Read More
After almost a year since the announcement from President Donald Trump, the steel and aluminum tariffs have finally been lifted off Canada’s shoulders. The 25% tariff on steel and 10% tariff on aluminum came after the president cited a section of the Trade Expansion Act of 1962, stating that he could impose a tariff if he believed it threatened national security.Well, luckily for Canada, it...Read More
The three-month nickel price on the London Metal Exchange climbed by more than 4% at the close of trading on Friday May 24, soaring beyond $12,300 per tonne amid a slight softening of the dollar index and while investors seek to cover shorts ahead of the UK bank holiday next week. Despite moderately low volumes over the day's trading, more than 15,000 lots of nickel changed hands at a value of aro...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Codelco expects to maintain current copper output at around 1.68 million tonnes per year over at least the next decade, it said, despite operational changes and sector headwinds.Production will be slightly lower than it was in the past 10 years, during which it averaged 1.69 million tpy, the Chilean state-owned copper producer said in its business and development plan on Thursday May 23. Stil...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday May 24. China Taiyuan Iron & Steel (Tisco) released its June tender price for high-carbon ferro-chrome at 6,550 yuan ($947) per tonne on Friday May 24, 350 yuan per tonne lower than its May tender. Two other major Chinese stainless steel mills, Tsingshan and Baosteel, have yet to release June tende...Read More
"We think Anglo has the most growth, potential profitability enhancements from technology and innovation, the best commodity diversification, rising cash return potential and it trades on anRead More
Manganese ore prices hit an 18-month low on Friday May 24, declining for the fourth consecutive week amid increasingly bearish sentiment in China. Fastmarkets' 37% manganese ore index, fob Port Elizabeth dropped 16 cents week on week to $4.90 per dry metric tonne unit (dmtu), the lowest since December 1, 2017, when it settled at $4.43 per dmtu. Fastmarkets' 37% manganese ore index, cif T...Read More
Gold futures ended with a modest loss Friday, but tallied a weekly gain after seeing renewed haven demand on the back of trade-war worries. "Gold's safe-haven demand has underperformed other flight-to-safety assets throughout the recent trade war escalation," said Edward Moya, senior market analyst at Oanda. "The yellow metal remains an unattractive play and we will likely see traders wait until w...Read More
Gold futures logged their highest finish in a week Thursday, buoyed by declines in global stock markets brought on by expectations for a prolonged U.S.-China trade standoff. The metal also found support following Federal Reserve meeting minutes out a day earlier that revealed a panel seemingly comfortable with its patient stance on interest rates. June gold GCM19, +0.05% on Comex added $11.20, or...Read More
Codelco expects to maintain current copper output at around 1.68 million tonnes per year over at least the next decade, it said, despite operational changes and sector headwinds.Production will be slightly lower than it was in the past 10 years, during which it averaged 1.69 million tpy, the Chilean state-owned copper producer said in its business and development plan on Thursday May 23. Stil...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Global ferrous scrap prices rallied during the week ended Friday May 24 in response to the United States' reduction of the tariff on imports of Turkish steel, with the exception of Vietnam, where buyers adopted a more cautious stance. Prices surge on reduction of Turkish steel tariff in the US US export prices to Turkey up Taiwan prices rise but Vietnam prices hold ground on buyer skepticism India...Read More
The UK's light iron market picked up over the week ended Friday May 24, gaining back some of the losses made earlier this month when the cost of British exports to Turkey went down, with domestic demand and relatively tight availability prompting higher offer prices in the UK, sources told Fastmarkets.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was...Read More