The price of antimony in China continued to fall for a second week in the latest assessment period, which ended on Wednesday March 6, after some domestic suppliers cut their prices further to clear inventories.Many consumers were not keen on buying to restock, however, because they expected yet another fall in the price.Fastmarkets assessed the price for MMTA standard-grade II antimony, delivered...Read More
This weekend, the stock market bull turned 10 years old, handing investors more than 17% in annualized total returns along the way. According to my old S&P coworker, Howard Silverblatt, that performance is more than three times better than the annualized return from the end of 1999 (5.43%) and almost twice as good as the return since 1989 (9.64%). Of course, plenty of people stayed on the side...Read More
The ammonium paratungstate (APT) prices in China and Europe moved higher last week amid consumer restocking and continued tightness in concentrates in China while prompt availability for material in Europe has tightened. Tightness in concentrates in China persists APT prices move up on consumer restocking Ferro-tungsten prices firm on tight prompt availability In China, Fastmarkets MB a...Read More
Low-grade manganese ore prices lost some recent gains in the seaborne market last week after warnings of high prices repelling buyers. 37% manganese ore prices slip in seaborne market44% manganese ore prices inch upManganese ore prices rise in China's portsManganese alloy prices find strength in ChinaSilico-manganese prices hold in India, Europe and US Seaborne low-grade manganese ore prices surr...Read More
Malaysia and India have unique competitive advantages in manganese alloy production that other Asian alloy producers are unable to match, according to panelists at Fastmarkets' Asian Ferro-alloys conference in Hong Kong on Monday March 11. Manganese alloy production in the two countries has developed rapidly over the last 10 years, Aloys D'Harambure, executive director of the International Mangane...Read More
The global copper supply chain could be underestimating the market impact of Chinese scrap cuts amid the country's growing consumption, established industry expert Jonathan Barnes told Fastmarkets. "China has been absorbing around 50% of the world's copper scrap," Barnes said. "The effect of the tightening legislation is big. People have been underestimating the impact of Chinese copper scrap cons...Read More
The London Metal Exchange is at the heart of yet another warehousing conundrum, with pressure mounting for a ruling on why the linked load-in/load-out (LILO) rule was not activated at end of January despite a large queue of Glencore-owned aluminium appearing at Istim's warehouses in Malaysia.Glencore has lodged an official complaint to the LME to revert the situation and activate LILO as of Januar...Read More
The Dow Jones Industrial Average fell 2.21% to finish the week at 25,450.24, and the S&P 500 Index lost 2.20% to end the week at 2,743.07. Spot gold rose US$4.80 per oz. to US$1,297.70 per oz. gold.Yamana Gold, Glencore and Goldcorp have reached an agreement under which the companies propose to integrate Yamana's wholly owned Agua Rica project with the Alumbrera mine in Argentina's Catamarca provi...Read More
Gold-oriented Aurania Resources (TSXV: ARU) is finding as much copper as gold in the early innings of exploration at its Lost Cities-Cutucu project in southeastern Ecuador.In January the junior explorer reported grades ranging from 0.9-9% copper from eight grab samples of rock in streams at its Tsenken-A porphyry target. Highlights included 9% copper with 185 grams silver per tonne and 7.1% copper...Read More
Canada's benchmark index fell 0.44% to 15,996.21 to start March 2019 after a strong February. The S&P/TSX Global Mining Index rose 0.43% to 73.60, and the S&P/TSX Global Gold Index rose 3.7% to 195.25. The gold price rose 0.37% to US$1,297.70. Shares of Serabi Gold rose 32.1% to 80 ?. In early March 2019, the company boosted the mineral resource for its Coringa gold project in Brazil 37% to 845,00...Read More
Barrick Gold (TSX: ABX; NYSE: GOLD) has abandoned its hostile takeover bid for Newmont Mining (NYSE: NEM), after the companies struck a joint-venture deal on their Nevada assets.Barrick will own 61.5% and Newmont, 38.5%, of the new joint venture, which will be operated by Barrick, and will allow the two partners to "tear down the fences and operate our assets as one mining complex," Barrick's new...Read More
Revival Gold (TSXV: RVG; US-OTC: RVLGF) has reported the last four holes from its 2018 drill program at its contiguous Arnett and Beartrack gold projects in Lemhi County, Idaho, 17 km from the town of Salmon.The company drilled 900 metres across six holes at Arnett's Haidee target in November 2018. Before that, it drilled 7,700 metres across 15 holes at Beartrack."The focus of the drilling in 2018...Read More
Expert mining lawyers Rebecca Campbell and John Tivey of international law firm White & Case join the podcast for a discussion of the major risks that lie ahead for the global mining industry, including a slowing Chinese economy and worsening metal-import tariffs between major powers such as China, the U.S., Russia and the European Union.The discussion centres around a report by Campbell and Tivey...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftA ‘stronger for longer' iron ore price would benefit big producers, especially Rio Tinto, but the same cannot be said for the big Anglo-Australian miner's exposure to closure and rehabilitationRead More
Producer of mineral-based highly engineered advanced materials Luxfer, and manufacturer of rare earth and rare metal-based functional materials Neo Performance, announced that they have mutually agreed to terminate a previously announced transaction under which Luxfer would have acquired Neo for $612 million in cash and stock.The companies made the announcement by issuing a press release in which...Read More
The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year.The world's oldest and largest market for industrial metals wants a stronger portfolio of products as competition intensifies with rival exchanges, such as CME Group Inc. of the Unite...Read More
"One part of the mining stock sector that is on ??"?ROYALTIESAll at or near 52 week highs!$MMX.ca @MaverixMetals $SSL.ca @sandstormSSL $MTA.ca $ELY.ca @ElyGoldNevada"Read full newsRead More
"Mark Bristow's North American #gold sector chess game has got him the deal he was pushing for, with Barrick and Newmont agreeing on a Nevada JV | https://t.co/dRyhwQ9wec $ABX $NEM"Read full newsRead More
"Nordic #Gold has stopped mining and sacked its contractor at the Laiva mine in Finland, just months after restarting it | https://t.co/5vaSZDY4PY $NOR"Read full newsRead More
Is it possible that the company (or rather Elon Musk) not only blindsided its own employees by its announcement of store closures, but also that it blindsided itself?Read full newsRead More