Seaborne coking coal spot prices moved in opposite directions on Friday October 12 following the emergence of a lower offer in the fob Australia segment, even as a cargo of premium hard coking coal fetched a higher cfr China price.A top Australian brand was traded at $216.50 per tonne cfr China, sources said. This is $0.50 per tonne higher than the last transaction involving the same brand two wee...Read More
The latest metal markets news and price moves to start the North American day on Friday October 12. The prices of base metals on the London Metal Exchange were for the most part higher during morning trading, with prices stabilizing after a mid-week sell-off resulted in Asian equity markets falling to a 19-month low, prompting risk-averse investors to curb buying. While price action across th...Read More
The prices of base metals on the London Metal Exchange were for the most part higher during morning trading on Friday October 12, with prices stabilizing after a midweek sell-off resulted in Asian equity markets falling to a 19-month low and prompting risk-averse investors to curb buying. "Aside from the bearish macro fears, the overriding theme from LME Week has been bullish on the back of the re...Read More
Base metal stocks at Shanghai Futures Exchange-approved warehouses had mixed outlooks, with zinc recording the biggest rise at 48.5% prior to the Golden Week holiday in China on September 28.Deliverable zinc stocks rose 14,169 tonnes or 48.5% in the past two week to 43,373 tonnes as of Friday October 12. ?EUR? This week, warehousing company Qisheng in Shanghai had the most zinc stock moving to its...Read More
An overview of the minor metals markets and the reasons for any price moves....Read More
The following Fastmarkets minor metals prices changed on Friday October 12:Minor metalsBismuth MB free market, $/lb: $3.90-4.40 per lb from $4.00-4.40Bismuth MB China domestic, yuan/tonne: 52,000-53,000 yuan...Read More
Colorado School of Mines has been awarded funding from the U.S. Department of Energy to develop an artificial intelligence-enabled robot capable of inspecting and repairing power plant boilers.Hao Zhang, assistant professor of computer science, is the primary investigator on the project, which will receive $400,000 over three years from the DOE's Office of Fossil Energy."Our goal is to develop an...Read More
Silver remains a prime target for mineral explorers and miners, particularly those active in Mexico and other Latin American countries. Here is a look at five silver-focused companies plus a palladium producer.BEAR CREEK MININGBear Creek Mining (TSXV: BCM; US-OTC: BCEKF) has long been active in silver exploration and development in southern Peru.The Vancouver-based junior describes its flagship, w...Read More
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has tabled a new preliminary economic assessment (PEA) suggesting an open pit mine at its Pumpkin Hollow copper project in Nevada, where the company is already part-way through constructing an underground mine.The PEA consists of two phases. The first would cost an initial US$592 million and include a plant capable of processing 33,500 tonnes per day. It wou...Read More
UK ferrous scrap prices for deliveries in October have been rolled over due to stable business conditions in both the domestic and export markets, trade sources told Metal Bulletin on Thursday October 12.Some UK suppliers have managed to achieve small price increases of a few pounds per tonne but, overall, monthly settlement prices were concluded unchanged between the country's suppliers and consu...Read More
Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at the Teniente copper converter last month, the company told Fastmarkets. The Teniente converter that is used in Chuquicamata for copper smelting has been closed for nearly three weeks already, a well-informed source said on Wednesday October 10. It will remain closed until th...Read More
GDYNIA/LONDON, Oct 12 (Reuters) - ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva.The announcement by ArcelorMittal on Friday did not disclose the value of the disposals, though investment bank Jefferies said they ar...Read More
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There isn't much at the proposed mine site right now: just a long airstrip, with clusters of sturdy buildings in the middle of green mountains close to the Middle Kuskokwim River. But if completed, the Donlin gold mine would be one of the biggest in the world. Listen nowRead full newsRead More