A summary of London Metal Exchange warrant premiums for the week to Wednesday November 17.Please click...Read More

Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningThe raisings aim to secure A$9.3 million, and are dominated by a $7.Read More

Traders selling Iran-origin steel billet were looking for new opportunities with the markets continuing to weaken in Asia, including China, which until earlier this year was the major outlet for Iranian semi-finished steel.Egypt removed its 10% safeguard duty on billet earlier this week and has begun to offer good opportunities for companies trading Iranian semis.Around 50,000 tonnes of billet wer...Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company has made a US$141 offer for a silver stream on the Blackwater project in British Columbia, Canada,...Read More

Argosy Minerals MD Jerko Zuvela speaks with Mining Journal's Ngaire McDiarmid about progress towards 2,000tpa lithium production starting in 2022 at Rincon in Argentina, along with the project's green credentials and the company's further lithium potential at Tonopah in the US.Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure minerals"There are some uncertainties on the demand side for copper," said Xu Yulong, deputy general manager of state-...Read More

Evolution gained a foothold in Ernest Henry in 2016 when it struck a A$880 million deal with Glencore to acquire 100% of the operation's gold production and 30% of its copper production over its defined reserve life of 11-years as well as 49% of production from new exploration from 2027 onwards.But Evolution will now assume full ownership and operational control of the copper-gold mine and will en...Read More

Base metals futures on the London Metal Exchange were largely lower at the 5pm close on Wednesday November 17, succumbing to a strong US dollar index and other headwinds.The US dollar index remained at its highest since July 2020, touching 96.27 during early trading before stepping back to 95.83 at the close."It seems that the upside momentum has stalled in several markets over the last 24 ho...Read More

Glencore has agreed to sell its entire stake in an Australian copper-gold asset while remaining as offtaker of its concentrates output, it said on Tuesday November 17.The Swiss commodity trader will sell its interest in Ernest Henry Mining Pty ltd (EHM) for A$1 billion (US$727 million) to Australian gold miner Evolution, it said.For the year ended June 2021, EHM produced 19,159 tonnes of copper co...Read More

Tight supply and steep backwardation on London Metals Exchange continued to support European premiums while China premiums retreated slightly amid increased arbitrage loss, and US premiums were stable in the week to November 16, Fastmarkets learned.European premiums strong while long term contact negotiations for 2022 ongoingChina premiums slid amid increased arbitrage lossUS premiums unchanged wi...Read More

Rio Tinto is to add capacity at its AP60 aluminium smelter in Quebec, increasing output by 45% in the first major investment in Canada's smelting production hub in a decade, the company said.The mining company plans to spend $87 million to increase its low-carbon aluminium production at the smelter by adding 16 new smelting cells, boosting annual production by 26,500 tonnes to 86,500 tonnes.The ne...Read More

Chinese metals production and processing group Daye Nonferrous will postpone the start of operations at its new double-flash copper smelter for six months because of a lack of essential buiding components that have been sourced from overseas, Fastmarkets has learnt.The 400,000 tonnes per year project in Huangshi, close to Wuhan, was scheduled to come online by the end of this year, but commissioni...Read More

RAPAPORT... Petra Diamonds will offer a pink rough weighing 32.32 carats at its first tender of goods from the Williamson mine in Tanzania since resuming operations at the site.The sale will take place in Antwerp from November 19 to 26, the company said Tuesday. A parcel of around 26,000 carats - including the pink stone of "exceptional color and clarity" - is available to customers, the mine...Read More

RAPAPORT... US retail sales rose in October as consumers began holiday shopping earlier to avoid shortages amid supply-chain disruptions, the National Retail Federation (NRF) said. Revenue grew 1.7% versus the previous month and jumped 16% over the same period a year ago, according to data the US Census Bureau reported Tuesday. That compares to a 0.8% month-on-month increase in September."October'...Read More

RAPAPORT... Alrosa plans to increase its rough-diamond output next year as new mining resources come onstream, enabling it to address the market's supply shortages amid strong demand.The company expects to produce around 33 million to 34 million carats in 2022, up to 5% more than this year, executives said last week in an investor call. Given the industry's low inventory levels, it's likely t...Read More

Aluminium market participants in Europe have reported growing concerns over the possible implications for the production of secondary aluminium ingot DIN226 after a recent fire at the Befesa salt slag treatment plant in Hanover, Germany, on November 5.A fire broke out at the plant in Brinker Hafen on that date, and was reported to have caused millions of euros-worth of damage."We are working acros...Read More

Hot-rolled coil prices in the United States continued to decline on Wednesday November 17, falling below $91 per hundredweight ($1,820 per short ton) for the first time since late July.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.67 per cwt ($1,813.40 per ton) on Wednesday, a decrease of 0.87% from $91.47 per cwt on Tuesday November 16 and down by 1.80% from $9...Read More

RAPAPORT... US retail sales of jewelry will increase sharply this Thanksgiving season as consumer sentiment continues to strengthen, according to a forecast by Mastercard SpendingPulse.The analytics provider predicted a 40% year-on-year jump for the category during the week from November 22 to 28, with sales also rising by the same percentage compared with the 2019 Thanksgiving holiday. Sales...Read More

Prices in the United States for domestic and imported low-carbon, high-carbon and cold-heading quality wire rod reached new highs in November, toppling records set last month.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was at $63-67 per hundredweight ($1,260-1,340 per short ton) on Tuesday November 16, up by 6.56% from $59.50-62.50 per cwt o...Read More

(IDEX Online) -  A 1.02-ct fancy vivid blue diamond, described as the "property of a gentleman", is leading a Christie's online sale.The unmounted oval modified brilliant-cut gem carries an estimate of $405,000 to $675,000. It is certified by GIA as SI2 clarity.Among the other highlights of Jewels Online: The London Edit is a signed Cartier 32.10-ct round brilliant-cut diamond ring ($270...Read More