Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe scale of the Frisco project is demonstrated by the two systems that "book end" it - the large copper-zinc-lead-gold-silver bearing skarn at Accrington which measures up to 4km-by-2km, and the cluster of copper-gold-silver breccia pipes at Cactus over 5km to the north.With exploration continuing to demonstrate strong mineralisation at...Read More
The price for rebar produced and delivered in Southern Europe pushed slowly upward again on Wednesday November 14, with sellers offering higher prices due to high costs but consumers so far unwilling to commit to large-volume deals.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe narrowed upward to ?,?530-535 ($597-602) per tonne delivered on Wednesday, from ?,?520-535 pe...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipDR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalThe headline intercept was 500.3m at 2.19g/t gold-equivalent, or 0.8g/t gold, 0.66% copper and 2.24g/t...Read More
Kyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalThe Toronto-based company said its improved performance was owing to a trebling of gold production from its 100%-owned Beta Hunt mine, in Western Australia, to 31,360 ounces, helping push sales for the quarter up 175% 23,805oz.But RNC said it had generated more than $10 million EBITDA in the third quarter, an...Read More
The price for rebar produced and delivered in Northern Europe stayed flat on Wednesday November 14, with producers remaining firm on their offer prices despite higher production and raw material costs.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe stayed at ?,?550-560 ($619-630) per tonne delivered, after rising from ?,?540-560 per tonne two weeks ago.The low end of the...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe LME spot price has tumbled from US$7,330.50 a tonne on June 7 to less than $5,800/t in mid-August, recovering to last trade at $6,088.50/t.Tariffs and the need for copper mine investment are among the challenges facing the copper industry, Reuters reported, with two China-based traders saying they had seen strong physical buying of c...Read More
Prices for hollow steel sections in Northern Europe were flat this week amid stable market conditions, Fastmarkets heard on Wednesday November 14.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?640-660 ($720-743) per tonne delivered on November 14, unchanged week on week.Last week, hollow section prices widened by ?,?10 pe...Read More
Steel mills have begun pushing for an increase in the domestic price for steel beams in Europe, despite market conditions and feedstock costs remaining stable, but prices did not show any change this week, sources told Fastmarkets on Wednesday November 14.Fastmarkets' weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?620-645 ($698-726) per tonn...Read More
The gap between export offers and bids for hot-rolled coil in China narrowed on Wednesday November 14, raising expectations of the Chinese product finding favor among overseas buyers again.DomesticEastern China (Shanghai): 3,800-3,810 yuan ($546-547) per tonne, narrowing downward 10 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, up 10-20 yuan per tonneDomestic prices were larg...Read More
South African miners will continue to need road transportation to get their material to port, according to Thembalani Gantsho, joint chief executive officer of Kudumane Manganese Resources.Road freight will be needed to meet the shortfall in capacity offered by the country's rail freight company, Transnet, Gantsho told delegates to Fastmarkets International Ferroalloys Conference in Lisbon, held N...Read More
Manganese alloy smelters are under pressure to scale back production due to the smaller margins achieved on suppressed alloy prices, Ferroglobe chief executive officer Pedro Larrea said during Fastmarkets' International Ferro-alloys Conference in Lisbon.Ferroglobe has cut some production at its manganese alloy furnaces, because the company has faced difficulties in generating profits due to the st...Read More
Manganese ore prices are overheated compared with production costs and manganese alloy prices, making them prone to a decline next year, panelists said at Fastmarkets' 34th International Ferro-alloys conference in Lisbon this week. Manganese ore prices have trended higher since May this year. Fastmarkets MB's 44% manganese ore index was last calculated at $7.13 per dry metric tonne unit dmtu,...Read More
The following Fastmarkets noble alloys and ores prices changed on Wednesday November 14:Noble alloysTungsten MB Chinese free market concentrate 65%, yuan/tonne: 100,000-102,000...Read More
Three-month base metals prices on the London Metal Exchange were broadly weaker on the morning of Wednesday November 14, with the three-month copper price down by 0.1% at $6,040 per tonne. This after Tuesday’s energetic start that saw the red metal reach $6,181 per tonne at one point. Three-month nickel, lead and zinc were down by 0.2%, 0.3% and 1% respectively on the LME this morning, w...Read More
The following Fastmarkets minor metals prices changed on Wednesday November 14:Antimony MB free market regulus, $/tonne: $8,100-8,300 per tonne from $8,150-8,350Antimony MMTA standard grade II, $/tonne: $8,050-8,250 per tonne from $8,100-8,300Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 50,200-51,000 yuan per tonne from 50,000-50,500 yuanCobalt MB...Read More
(Kitco News) - Negative sentiment continues to build around tech giant Apple (Nasdaq: AAPL), and some analysts have warned that slower iPhone sales could have broader implications on global growth that could benefit safe-haven assets like gold.In a report Tuesday, Hussein Sayed, chief market strategist at FXTM, said the little smartphone had a significant impact on U.S. gross domestic product grow...Read More
(Kitco News) - Pan American Silver Corp. (Nasdaq, TSX: PAAS), the world’s second-largest primary silver producer, will acquire Tahoe Resources Inc. (NYSE: TAHO; TSX: THO) in a $1.07 billion stock-cash deal announced by the two companies Wednesday.Officials said the merger will create the world’s largest publicly traded silver-mining company and will have the world’s largest silve...Read More
The latest metal markets news and price moves to start the North American day on Wednesday November 14. Base metals on the London Metal Exchange were mostly lower during morning trading, with prices weakened by a prolonged sell-off in crude oil markets while continued strength in the US dollar index increased downward pressure. Falling by just under 1% over the morning, the three-month nickel...Read More
Vanadium prices will find a much higher base than their 2015 lows when they inevitably fall, due to a structural shift in the global vanadium market, according to Amy Bennett, principal consultant at Fastmarkets MB. "Ferro-vanadium will not stay above $100 per kg for eternity [and] at some point there will be less of a panic to get material," delegates heard at Fastmarkets' 34th International Ferr...Read More
Ferrous scrap export prices declined following four US cargoes sold to Turkey and reported over the past week; meanwhile, East Coast exporters were mixed, with some keeping a tight rein on buying prices while others accepted dock price increases to attract more inbound flows.Three cargoes from the East Coast were sold to Turkey over the past seven days. The first and second traded at $33...Read More