Base metal stocks at Shanghai Futures Exchange-approved warehouses were mostly higher with zinc recording a rise at 23% week on week as of Friday October 19, while copper stocks rose 12%. Deliverable zinc stocks rose 10,106 tonnes or 23.3% in the past week to 53,479 tonnes as of Friday. This week, warehousing company Yuqiang in Shanghai had the most zinc stock moving to its sheds, totaling 9...Read More
China's domestic and export prices for hot-rolled coil both declined on Friday October 19 amid market participants' pessimistic outlook. DomesticEastern China (Shanghai): 4,180-4,200 yuan ($602-605) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 4,100-4,110 yuan per tonne, down 10 yuan per tonneLocal authorities in north China's steel hub of Tangshan late on Thursday released a list in...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 19:Minor metalsBismuth MB China domestic, yuan/tonne: 51,000-52,500 yuan per tonne from 52,000-53,000 yuanChromium MB free market alumino-thermic, $/tonne: $10,800-11,600 per tonne from $11,000-11,800Cobalt sulfate, Co 205% min, China ex-works adjustment to low-grade cobalt low-end price...Read More
Colorado School of Mines and Virginia Tech have been awarded funding from the National Science Foundation to set up a new research center focusing on advanced subsurface earth resource modeling. Mines is the lead institute in the new Center for Advanced Subsurface Earth Resource Models (CASERM), which will bring together more than 20 faculty members from the two schools' geology, geophysics, ap...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metals One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards d...Read More
In March, Bunker Hill Mining (CSE: BNKR) hosted a reception at Toronto's Hockey Hall of Fame, where guests lined up to pose for photographs with former Maple Leafs stars Wendel Clark and Darryl Sittler, as the retired NHL players signed their names on a stack of hockey pucks.The event was designed to generate buzz about the company at the Prospectors & Developers Association of Canada's (PDAC) ann...Read More
Futurist George Hemingway, Partner and Head of Innovation Practice at The Stratalis Group, gives a presentation on the future of mining at the 2018 Progressive Mine Forum. The conference took place on Oct. 10, 2018, at the MaRS Discovery District in Toronto and was presented by The Northern Miner and Canadian Mining Journal.Read More
The story of North American Palladium (TSX: PDL; US-OTC: PALDF) is perhaps best told in threes.In 2003, North American Palladium had just over 3 million oz. palladium equivalent in reserves at its flagship Lac des ??les palladium-platinum-gold-copper-nickel mine in northwestern Ontario. Over the next 15 years the company mined slightly less than 3 million oz. palladium equivalent. Now, a new feasi...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday October 19:Aluminium scrapFloated Frag: ?,?1,010-1,060 per tonne from...Read More
Two years after commercial production began in October 2016, Newmont Mining's (NYSE: NEM) Merian mine in Suriname has poured one million ounces of gold.Newmont Suriname - a subsidiary of the Colorado-based company - owns 75% of the mine and Suriname's state-owned oil company, Staatsolie Maatschappij Suriname, owns the remaining 25% stake.Construction of the mine, about 60 km south of Moengo and 15...Read More
Canada's federal government unveiled this week the final part of its plans to ban the use and sale of asbestos in the country by the end of the year.The regulations, to come into effect on Dec. 30, also prohibit the manufacturing, import, trade and use of most products containing the mineral. However, they do not apply to residues left from mining asbestos, which in Canada include about 800 millio...Read More
STOCKHOLM, Oct 19 (Reuters) - Sweden's Atlas Copco reported lower than expected third-quarter orders on Friday and forecast softer demand for the remainder of the year, sending shares in the industrial equipment maker tumbling.The sector has been under pressure in recent months due to worries over slowing global growth, not least in China where purchasing managers indices and auto sales have slipp...Read More
NMC is the most popular of the chemistries currently used in batteries by EV manufacturers, and market share is expected to expand dramatically in new EV sales, a new outlook for electric vehicle battery metals report published by Fitch Solutions reveals.The growing EV market will spur global demand for metals through their use in a wide range of chemistry combinations within the cathodes of lithi...Read More
Oct 19 - Iron ore producer Cleveland-Cliffs Inc Chief Executive Officer Lourenco Goncalves slammed Wall Street financial analysts on Friday, saying some of them were an "embarrassment" and did not understand his company's business.Responding to a question by B. Riley analyst Lucas Pipes during the company's quarterly earnings conference call, Goncalves blasted other analysts for what he called the...Read More
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"More oversupply rumors? Dispute among #lithium miners reveals water worries in the Chilean Atacama desert $ALB $SQM https://t.co/LfOiPtyGmm via @Reuters"Read full newsRead More
Tesla has finally released a $35,000 Model 3. The only problem? It costs $45,000.Read full newsRead More