Buyers in Taiwan continued to purchase containerized scrap cargoes at higher prices on Thursday October 21 amid bullishness in the spot market, sources said. Taiwan continues to book containerized cargoes at higher prices Spot prices in China edge down amid losses in finished steel futures Tokyo Steel announces another rise in domestic scrap purchase priceTaiwanTaiwanese buyers continued to secur...Read More

Market participants were aloof following the London Metal Exchange's recent measures imposed to rein in the spike in copper spreads, but backwardations have eased, as the Exchange intended.The LME imposed a series of temporary rules on copper trading on Tuesday October 19. The measures included a limit on tomorrow/next spread orders of higher than 0.5% of the previous day's cash price and a requir...Read More

Spot trading for hot-rolled coil in China stagnated in the afternoon of Thursday October 21 after the continued tumble in futures prices kept market participants cautious.DomesticEastern China (Shanghai): 5,710-5,750 yuan ($892-898) per tonne, narrowing by 10-30 yuan per tonneSpot HRC was traded at 5,710-5,750 yuan per tonne in Shanghai on Thursday morning, when the most-traded HRC contract on the...Read More

The London Metal Exchange three-month copper price was trading below $10,000 per tonne during morning trading on Thursday October 21, while the backwardation in the metal's cash/three-month spread had narrowed to below $300 per tonne.This comes after the exchange imposed a series of temporary measures designed to cool the market.The three-month copper price was at $9,990 per tonne at 10am, down by...Read More

China's domestic rebar prices decreased on Thursday October 21 on weaker demand amid plunging futures. Domestic Eastern China (Shanghai): 5,630-5,680 yuan ($881-888) per tonne, down by 60-70 yuan per tonneChina's biggest thermal coal producer, China Energy Investment Corp (China Energy), said during the day that it would raise production and lower prices. This led to thermal coal futures falling t...Read More

China's domestic stainless steel prices were unchanged over the week ended Wednesday October 20, but market participants are expecting them to drop on increased supply.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 21,000-21,200 ($3,284-3,316) per tonne, unchanged from a week earlier. Demand for stainless steel was persistently week during the week, resulting in no change...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

Cobalt sulfate prices have trended upward since early September this year due to continuously higher raw materials costs and the rising cost of chemical auxiliary materials despite thin downstream demand, sources told Fastmarkets.Fastmarkets' assessment of the cobalt sulfate 20.5% Co basis, exw China price was assessed at 89,000-93,000 yuan ($13,914-14,539) per tonne on Wednesday October 20,...Read More

NorZinc (TSX: NZC; US-OTC: NORZF) has released a new preliminary economic assessment (PEA) for its 100%-owned Prairie Creek zinc-lead-silver project 200 km west of Fort Simpson in the Northwest Territories. The PEA uses an updated resource estimate, a higher mining rate of 2,400 tonnes per day, and a mine plan with a mine life of 20.3 years.Resources were calculated for the Main Quartz zone, stock...Read More

Monarch Mining (TSX: GBAR; US-OTC: GBARF) has discovered shallow gold mineralization 1 km south of its McKenzie Break deposit in Quebec, about 35 km north of Val-d'Or.The discovery has the potential to be a 'game changer' according to president and CEO Jean-Marc Lacoste."It has similar geological characteristics and follows a clear high MAG trendline over the 1 km stretch from the [main] deposit,"...Read More

Barrick Gold (TSX: ABX; NYSE: GOLD), the world's second-largest producer of the precious metal, warns that mining at its Pueblo Viejo operation in the Dominican Republic could finish this year if a new tailings storage facility (TSF) doesn't get approved. Mining at Pueblo Viejo, a 60-40 joint venture with Newmont (TSX: NGT; NYSE: NEM), depends on the possibility of building a new tailings...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has joined the rising chorus of companies and analysts warning of an imminent and "significant" supply gap for lithium, as demand for the metal used in electric vehicles (EV) and green technologies continues to soar. The world's second-largest miner, which greenlighted in July the $2.4 billion Jadar lithium project in Serbia, believes the supply gap...Read More

Nickel prices on the Shanghai Futures Exchange shot up to an all-time high during morning trading on Thursday October 21 amid a possible export ban on raw materials by Indonesia, among other bullish market dynamics.SHFE nickel was trading at 160,300 yuan ($25,071) per tonne at 11.30am Shanghai time, up by 10,720 yuan per tonne (7.17%) from a closing price of 149,580 yuan per tonne on Wednesday.Ind...Read More

Steelmakers in China will likely keep their production rates low in the fourth quarter of 2021 amid pollution controls and tight electricity supply even though they still seem to have a lot of "quota" left for the year, market participants say.In the first nine months of this year, China produced 805.89 million tonnes of crude steel, according to the country's National Bureau of Statistics (NBS)....Read More

FPX Nickel (TSXV:FPX; OTC:FPOCF) CEO Martin Turenne shares regarding the confirmation of a significant new nickel discovery from the maiden drilling program ...Read full newsRead More

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Subscribe to Kitco Roundtable on iTunes Innovation is relentless in the electric vehicle space, particularly around material substitution due to worries about reliability of supply, but original equipment manufacturers need time to adjust to new processes, said Dr. Soroush Nazarpour, founder and CEO of NanoXplore (TSE:GRA). On Friday Nazarpour recorded Kitco Roundtable with Mining Audiences Manage...Read More

Today is the perfect example of how enhanced inflationary pressures and the reaction to higher inflationby the Federal Reserve create cross-currents that take gold higher as well aspressure pricing lower. Gold futures basis most active December contract openedtoday at $1783.70. Continued concern about mounting inflationary pressures tookgold prices substantially higher with the precious yellow met...Read More

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - The growing inflation threatremains the most extensive support for the gold market as analysts see thepotential for prices to test critical resistance around $1,830 in the nearterm.Friday morning, gold...Read More