NorthWest Copper (TSX-V:NWST) announced today it intersected 33.60% CuEq over 9.40 metres within a 235.45 metre interval of 2.92% CuEqu at its Kwanika project located in B.C. The company called the discovery a new style of high-grade mineralization. The stock traded up 50% to 95 cents a share. "This drill hole is a game changer for our Kwanika Deposit and for the region," says Peter Bell, Presiden...Read More

Already listed in Toronto, Gensource announced on October 25 that it would tap the AIM in London, to proceed with its Tugaske project in Saskatchewan, Canada.Read More

The low-carbon ferro-chrome market in Europe leapt over the two weeks to Tuesday October 26 to a multi-year high due to extremely tight availability, with some sellers not offering on the spot market and consumers scrambling to find material.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe was $3.43-3.75 per lb Cr on October 26, up by 38-50 cents (13.97%)...Read More

The UG2 chrome-ore market has seen fresh liquidity with previous offers from miners encouraging buying interest. And ample supply plus sluggish demand has continued to weigh on the market.Fastmarkets' chrome ore South Africa UG2 concentrates index basis 42%, cif China dipped by $1 per tonne on October 26 to $154 per tonne."40 to 42 percent concentrate material is under huge pressure and...Read More

Privately-held Kabanga said on Wednesday the SML - the key piece of the permitting jigsaw - had been approved by the Tanzanian government and signed by the Mining Commission "with the full support ofRead 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) - Osisko Gold Royalties (OR: TSX & NYSE) announced Wednesday that it has concluded a transaction with Barrick TZ Limited, a subsidiary of Barrick Gold Corporation, to acquire royalties for total cash con...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) - Gold prices are trying to hold on to modest gains following therelease of economic data that shows momentum within the U.S. manufacturingsector is holding steady.Fridaythe Commerce Department said that...Read More

Not much has changed withgold, silver and platinum. They are all in uptrends and are ready to run. Yes,they had a rough Tuesday and are lower this morning; however, the overallpattern has not changed. There is no question that they could reverse to shortagain and will at some point. Unfortunately, traders andinvestors want instant gratification and have no understanding of how marketswork. The min...Read More

Aluminium producer Rusal's sales dipped by nearly 12% quarter-on-quarter to 915,000 tonnes in July-September 2021, according to its latest statement of operating results."Aluminium sales dynamics can largely be explained by an increase of goods in transit that are recognized as inventory, which was caused - among other factors - by transport capacity restrictions in supply chains globally," the co...Read More

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

NEW YORK, Oct 27 (Reuters) - The largest U.S. manufacturers including General Motors, General Electric, 3M and Boeing face logistics headaches and higher costs due to global supply bottlenecks that are likely to persist into next year but agreed the hit to profits can be mitigated by charging higher prices for their goods.Companies across the globe sounded the alarm on supply issues months ago tha...Read More

WASHINGTON, Oct 27 (Reuters) - Chief consumer finance watchdog Rohit Chopra told U.S. lawmakers on Wednesday his agency wants to minimize foreclosures on struggling American homeowners and make consumer lending more competitive.The Consumer Financial Protection Bureau (CFPB) will also scrutinize the efforts of technology giants to gain greater control over the flow of money in the economy; these "...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) - Commerzbank is looking for some significant technical breaks forthe yellow metal to gather momentum. The report said "Gold has ralliedtowards the 55-week ma at 1813 and currently remains capped here. W...Read More

An overview of the consumer electronics markets and their latest price moves.Janie Davies in London;...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) - Orex Minerals (TSX-V: REX) saidtoday that it has received results of the first independent mineral resourceestimate for the Coneto gold-silver project in Durango, Mexico. According to the company'sstat...Read More

Implats (JSE:IMP) and Royal Bafokeng Platinum (JSE:RBP) are negotiating a merger, according to a joint statment by the two companies released today. The companies said due diligence is completed. If the deal goes through, Royal Bafokeng Platinum would be acquired by Impala Platinum Holdings (Implats) and Royal Bafokeng Platinum, which has all its operations in South Africa, would be de-listed.Roya...Read More

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...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) - Southern Copper (NYSE: SCCO),one of the largest copper producers worldwide, announced today that its copper outputof 245,146 tonnes in Q3 2021 was virtually unchanged compared to 246,560 tonnesmined in...Read More

By Dmitry Zhdannikov and Clara DeninaLONDON, Oct 27 (Reuters) - For investors seeking to burnishsustainable portfolios, coal mines are an anathema.That sits well with top global miner and trader Glencore , whose purchase of a major coal mine in Colombia willgenerate a bonus of hundreds of millions of dollars before thedeal has even been completed.The miner bought the 66% shares in the Cerrejon the...Read More

Labor shortages across the global scrap industry pose the biggest threat to growth, according to a panel discussion at the Bureau of International Recycling (BIR) conference in Brussels on Tuesday October 26."We are having tremendous difficulties in hiring employees as we grow," George Adams, president of SA Recycling said as part of the discussion."There is going to be a massive shortage of scrap...Read More