An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Wednesday October 31:Minor metalsAntimony MB Chinese free market MMTA standard grade II, yuan/tonne: 50,500-51,000 yuan per tonne from 51,000-51,500 yuanBismuth MB free market, $/lb: $3.60-4.10 per lb from $3.80-4.30Cobalt MB China domestic, yuan/tonne: 430,000-450,000 yuan per tonne from 445,000-465,000 yuanCobalt tetroxide min...Read More
The European copper cathode premium dipped on Tuesday October 30 while the cif Shanghai premium was slightly lower after a sustained import loss and wider backwardation in the London Metal Exchange spread pushed traders to the sidelines; the US premium was steady with the focus on annual negotiations. European market slips on backwardation. Shanghai cif premium slightly lower due to import a...Read More
China's crude stainless steel output increased in the first nine months of 2018 amid higher prices and healthy profit.Stainless steelmakers in the country produced 20.75 million tonnes of crude stainless steel during the period, up 8.5% from an adjusted 19.12 million tonnes from January to September in 2017, according to data released by the China Stainless Steel Council late on Monday October 29....Read More
Moises Carreon, Coors Development Chair and associate professor of chemical and biological engineering at Colorado School of Mines, has been awarded an honorary doctorate from Universidad Michoacana de San Nicol??s de Hidalgo.The Doctorate Honoris Causa is the highest recognition the Mexican university confers in the fields of science, arts and humanities, with only 71 people having received the d...Read More
The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday October 31:Aluminium scrapGroup 1 pure 99% & litho: ?1,380-1,430 per tonne from ?1,390-1,440Commercial pure cuttings: ?1,100-1,140 per tonne from ?1,100-1,150Clean HE9 extrusions: ?1,390-1,440 per tonne...Read More
Ferrous scrap demand in Asia has been thin this week in the face of falling prices.Buyers in key import markets are holding back from purchasing import cargoes amid expectations of further price falls. "South Korea does not have demand for imported heavy melting scrap cargoes this week because domestic scrap inventory level is high," a source familiar with the South Korean import market said. Buye...Read More
Agnico Eagle Mines vice-chair and CEO Sean Boyd accepts The Northern Miner's Mining Person of the Year Award for 2017, with an introduction by Northern Miner editor-in-chief John Cumming.Boyd touches on his firm's corporate culture, its role in cancer research, and Agnico's multi-decade ties to the Miner, starting with the deep friendship between Agnico founder Paul Penna and long-time TNM publish...Read More
Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine.The company has hired engineering firm RPA Inc. to investigate the geologic controls and grade variability of the mine's Rory's Knoll deposit. Results of the review will be released in...Read More
From 1996 until 2010, Zone 87 at the Troilus mine in Quebec was responsible for the majority of the 2 million ounces of gold and 70,000 tonnes of copper that was produced at the open-pit mining operation.The Z87 pit ultimately ran 350 metres deep and had a strike length of about 900 metres.Now junior explorer Troilus Gold (TSXV: TLG) is trying to bring that zone and others on its property back int...Read More
Two years ago New Age Metals (TSX: NAM; US-OTC: PAWEF) became one of the largest claim holders in the Winnipeg River Pegmatite Field of southeastern Manitoba, 125 km northeast of Winnipeg.Through staking and acquisitions, the junior acquired 6,000 hectares and five hard-rock lithium projects that contain spodumene-bearing pegmatites near or adjacent to the Tanco pegmatite, a lithium-cesium-tantalu...Read More
Excelsior Mining (TSX: MIN; US-OTC: EXMGF) plans to complete construction at its Gunnison copper project in southeastern Arizona and enter production over the next year after agreeing to a US$75 million project financing package with Triple Flag Mining Finance.Triple Flag will buy a US$65 million copper stream on Gunnison and US$10 million in shares from Excelsior. The package includes an option f...Read More
Chaarat Gold Holdings (LON:CGH), the company that tried and failed to buy Centerra Gold's (TSX:CG) Kumtor mine in Kyrgyzstan, revealed Wednesday the Canadian miner turned down an unconventional takeover offer, valued at about C$2 billion (roughly $1.52B), for the entire company.The Central Asia-focused gold miner last month proposed buying the Toronto-based company in an all-cash transaction at...Read More
TOKYO, Oct 31 - Japanese trading firm Mitsui & Co Ltd may sell its stake in an Australia thermal coal mine in the face of growing pressure to divest coal assets amid mounting concerns over climate change, its chief executive officer said on Wednesday."We've made it clear that we won't invest in new thermal coal mining projects," Mitsui President and Chief Executive Officer Tatsuo Yasunaga told ana...Read More
China National Nuclear Corp (CNNC) is looking to invest in overseas uranium mines to secure supply for an expected ramp-up in China's nuclear power generation, a senior company executive said on Wednesday.China and Japan have been ramping up nuclear power as an alternative to fossil fuels, and rising demand could pull uranium out of a years-long slump that has seen a swathe of projects put on care...Read More
"Accenture's Ann Burns is talking #cybersecurity, automation and tech in exploration in our latest Mining Agenda podcast Listen here: https://t.co/buVPL1lnEt"Read full newsRead More
"Debt Is Back... And This Time It's Corporate https://t.co/DavOyDj1mx"Read full newsRead More
"Key theme for #nickel going forward: Euro stainless mills under pressure to increase scrap, ferronickel & possibly NPI input usage. Bullish for FeNi producers. BMO note below."Read full newsRead More
"BHP to return $10.4bn in cash via buyback and dividend https://t.co/u35eWwqcM2"Read full newsRead More
"Panasonic in talks with Tesla to increase investment at Gigafactory 1 beyond 35 GWh of production https://t.co/LxGp2wdLYH by @fredericlambert"Read full newsRead More