Sellers of physical copper are holding out for a higher premium for 2022 contracts in the United States.No major deals were reported by the end of the American Copper Council (ACC) fall meeting in Miami, Florida this past week, although there was talk of a US copper premium in the 10-cents-per-lb range.In the US, Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8-9 cents...Read More
Mining and metals companies say they're serious about transitioning to a sustainable economy, but whether they can afford to is another matter.Achieving decarbonization throughout the supply chain is going to require a huge amount of investment in technology to reimagine production processes and redesign existing sites.Last week, the International Aluminium Institute estimated that to decarbonize...Read More
Base metals prices on the London Metal Exchange mostly edged higher at the close on Friday November 5, after a week of volatility across the complex.The aluminium three-month price stabilized after falling 3.8% on Thursday. It closed at $2,556.50 per tonne, from $2,554 per tonne the previous day.The metal was once again the most traded with 21,689 lots traded on LMESelect by the 5pm close."Maybe [...Read More
Seaborne cfr coking coal prices dropped slightly on Friday November 5 with no trading activity, sources said, while ow-volatility PCI prices also declined following the downtrend in thermal coal prices.Fastmarkets daily indicesPremium hard coking coal, cfr Jingtang: $600.25 per tonne, down $0.63 per tonneHard coking coal, cfr Jingtang: $525.23 per tonne, unchangedPremium hard coking coal, fob DBCT...Read More
Spot prices for hot-rolled coil in China edged lower on Friday November 5, while futures prices set a new nine-month low.DomesticEastern China (Shanghai): 4,960-5,000 yuan ($775-781) per tonne, widening downward by 20 yuan per tonneNorthern China (Tangshan) weekly assessment: 5,030-5,090 yuan per tonne, down by 260-270 yuan per tonne Spot HRC prices in eastern China ended the week down by 340-370...Read More
Data collected on the trading trends of silver in the past 40 years has yielded a nearly perfect...by David Morgan of The Morgan ReportIf their money had no value, silver would.The silver market, like other commodities such as soybean and cotton, are all derivatives. The price settlement mechanisms for these is a contract. For example, thousands of theoretical silver ounces are traded daily. While...Read More
More printing than we could imagine will occur in the next 10 years...By Matt from Silver Fortune via Silver Fortune More printing than we could imagine will occur in the next 10 years.Don't forget to check out Zero Sum, the first book in a series. *** Please Note: If our comment section looks different, it's because we were served notice today that our commenting partner has terminated their rela...Read More
New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe strong figures belie some of the challenges that achieving those results entailed and those yet to come as t...Read More
Base metals prices on the London Metal Exchange mostly edged higher at the close on Friday November 5, after a week of volatility across the complex.The aluminium three-month price stabilized after falling 3.8% on Thursday. It closed at $2,556.50 per tonne, from $2,554 per tonne the previous day.The metal was once again the most traded with 21,689 lots traded on LMESelect by the 5pm close."Maybe [...Read More
Impressive? The December quarter promises to be even better, president and CEO Clive Johnson told Mining Journal.Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldThe Mike Haynes-led company has reported a maiden resource of 7.7 million tonnes grading 2.2% copper and 5.3% zinc plus minor lead-silver-gold v...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More
Low-carbon aluminium differentials in Europe have widened after this week's United Nations environmental conference, COP26, put sustainability in the spotlight.Fastmarkets assessed the aluminium low-carbon differential P1020A, Europe, at $0-10 per tonne, up from $0-7 per tonne in the previous assessment on October 1."We would be looking for $10 per tonne minimum right now, and I think that is tota...Read More
PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningAfter producing a record 640,467oz of gold in 2020, guidance for Fosterville for 2021 was set at 400,000-425,000...Read More
The Brazilian federal government has decided to cut by 10% the import duties imposed on most materials under its tariff system, the ministries of economy and foreign relations said in a joint statement on Friday November 5.Among the changes, duties on the majority of flat-rolled and long steel products will be cut to 10.8%, from 12% currently. Import taxes on stainless steel will drop to 12.6% fro...Read More
An overview of the energy transition raw materials markets and their price moves in the week to Friday November 5.Susan Zou, Yingchi Yang and...Read More
The Kibby Basin lithium project in Nevada is 50km north of ioneer's Rhyolite Ridge project and circa-60km north of Marquee's existing Clayton Valley lithium project.Marquee said a key point was Kibby Basin being fully permitted for water extraction and brine and lithium processing.The Lone Star copper-gold project in Washington State has a relatively modest historical resource.Marquee can earn an...Read More
Sellers of physical copper are holding out for a higher premium for 2022 contracts in the United States.No major deals were reported by the end of the American Copper Council (ACC) fall meeting in Miami, Florida this past week, although there was talk of a US copper premium in the 10-cents-per-lb range.In the US, Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8-9 cents...Read More
Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) signed a deal to acquire an 80% share of Alux do Brasil, a local secondary alloy producer, for 110 million Reais ($20 million), it said on Thursday November 4.The company will be able to increase its recycling capacity by 20% with the new asset, as well as enter a new business segment of selling secondary aluminium alloys mo...Read More
Fastmarkets opened a consultation on October 1, inviting feedback on its IOSCO-audited non-ferrous materials methodologies in line with our annual methodology review process.The consultation, which closed on October 31, sought to ensure that the specifications and methodology for our audited alumina, aluminium, cobalt, copper, lithium and manganese ore prices continue to reflect the physical marke...Read More