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CHINA HRC: Prices weaken further despite declining inventories

March 11, 2021 / www.metalbulletin.com

China's domestic hot-rolled coil prices further fell on Wednesday March 10 amid a subdued futures market despite a drop in inventory levels over the past week.DomesticEastern China (Shanghai): 4,830-4,850 yuan ($741-745) per tonne, down 20-110 yuan per tonneA Shanghai-based trader said trading activity was moderate during the day Wednesday after sellers lowered prices.He said spot sellers had to k...Read More

LIVE FUTURES REPORT 10/03: LME tin nears $25,000/t, copper rebounds after 2% fall on Tuesday

March 11, 2021 / www.metalbulletin.com

LME copper rebounded after a 2.4% fall, while tin's price increased by more than $500 per tonne on the morning of Wednesday March 10, with a stable US Dollar Index and volatile equity markets keeping the other base metals in consolidation mode. The CSI Index, which measures performance of the top 300 stocks traded on the Shanghai Stock Exchange, was down 2% on Tuesday, while the Nasdaq gained more...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 10/03: Manganese flake price drops on slowing end-user demand

March 11, 2021 / www.metalbulletin.com

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

CONSUMER ELECTRONICS MARKET REPORT 10/03: Gallium up by more than 12% in China; European buyers watching

March 11, 2021 / www.metalbulletin.com

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...Read More

Lithium, rare earth production could provide jobs for coal miners, US energy secretary says

March 11, 2021 / www.metalbulletin.com

The United States' transition to new energy will require increased domestic mineral production, Energy Secretary Jennifer Granholm said on Tuesday March 9."Many parts of the country are sitting on top of the materials that we need to produce battery technologies," Granholm said during a webinar hosted by renewable advocacy group Securing America's Future Energy. Granholm said that there would be "...Read More

TITANIUM SNAPSHOT: All markets steady, but scrap supply pressure building

March 11, 2021 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday March 10.Key drivers Ferro-titanium deals for relatively small tonnages were reported within the range as suppliers awaited the full return of consumers in the steel sector for second quarter deliveries. The alloy market must go up in terms of prices in the near term if new scrap offer prices are achieved in the coming weeks, accord...Read More

AFRICA LOGISTICS ROUNDUP: South Africa disruptions reduce ore availability

March 11, 2021 / www.metalbulletin.com

Fastmarkets rounds up the latest logistical issues affecting supplies of metal, ores and alloys from African countries, in the period from January 18 to Monday March 8.March 8South African manganese ore supply reductions are starting to become more obvious to the market after severe rains between December 2020 and February 2021 caused serious flooding, which halted some production and damaged rail...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

March 11, 2021 / www.metalbulletin.com

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...Read More

Brixton Metals Drills 2m of 1898 g/t Silver and 5m of 547 g/t Silver at its Langis Project, Ontario

March 10, 2021 / brixtonmetals.com

March 10, 2021 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF) (the "Company" or "Brixton") is pleased to announce further high-grade silver results from its fall/winter exploration program at its wholly owned Langis Project located in the Cobalt Camp of Ontario, Canada. This press release includes assays from 78 shallow diamond drill core holes, LM-20-136 to LM-21-213 totaling 6,810.60m o...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

March 11, 2021 / www.metalbulletin.com

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 standard grade, in-whs Rotterdam, $/lb...Read More

India's silico-manganese export market to cement rally on firm fundamentals - trade sources [CORRECTED]

March 11, 2021 / www.metalbulletin.com

The Indian silico-manganese export market should cement recent price gains that have pushed up the high end of the range to a level last seen in April 2018 on firm domestic fundamentals that are influencing exporter offer prices, industry sources told Fastmarkets.Indian trade sources said firm domestic demand has encouraged higher export offer prices to customers in Southeast Asia, the Middle East...Read More

PDAC: Enormous opportunities to go green in Canada, says minister of industry

March 10, 2021 / www.northernminer.com

Canada is uniquely positioned to become a "global leader in electric vehicle manufacturing," says Francois-Philippe Champagne, Canada's Minister of Innovation, Science and Industry, in a fireside chat with Invest in Canada's CEO Ian McKay at this year's PDAC.As countries worldwide begin to electrify their transportation systems, Canada offers unique advantages, the minister said. "Canada offers re...Read More

Feds announce $7.1M for new wind turbines at Raglan mine

March 10, 2021 / www.northernminer.com

As part of its climate efforts, the federal government is providing $7.1 million to Tugliq Energy to help fund the installation of two more wind turbines at Glencore's remote Raglan nickel mine.The operation, in the Nunavik region of northern Quebec, already has two 3-MW wind turbines, one constructed in 2014, and the second in 2018. The two turbines currently generate around 10% of mine power, sa...Read More

Tudor Gold counts almost 20M equivalent oz. at Treaty Creek

March 10, 2021 / www.northernminer.com

The maiden resource for the Treaty Creek gold project in contains 19.4 million oz. gold equivalent in the Goldstorm and Copper Belle zones, says 100% owner Tudor Gold Corp. (FSE:TUC). The property is located in northwest British Columbia, bordering Seabridge Gold's (TSX:SEA; NYSE: SA) KSM gold-copper project and Pretium Resources' (TSX: PVG; NYSE:PVG) Brucejack gold mine.Tudor used the data from 2...Read More

Sabina raises $35M in bought deal

March 10, 2021 / www.northernminer.com

Developer Sabina Gold & Silver (TSX: SBB) has announced a $35-million bought deal financing led by BMO Capital Markets. The underwriters have agreed to purchase 18 million common shares of the company at a price of $1.95 per share; the underwriters also have the option to purchase up to an additional 15% of the shares issued for 30 days following closing.The deal is expected to close around March...Read More

Canadian Palladium drills East Bull strike to 2.5 km near Sudbury

March 10, 2021 / www.northernminer.com

Recent drilling has defined a strike length of over 2.5 km at the East Bull palladium deposit, 90 km west of Sudbury, Ont. The property, on which Canadian Palladium Resources (CSE:BULL) holds a 100% option, hosts near-continuous disseminated sulphide mineralization with palladium, platinum, rhodium, gold and base metals.The company recently released assays from five recent drill holes between the...Read More

Sphinx buys former New Calumet zinc-lead-silver mine

March 10, 2021 / www.northernminer.com

Sphinx Resources (TSVZ:SFX) is buying 100% interest in the former New Calumet zinc-lead-silver mine in the Pontiac district of Quebec, about 10 km northwest of Bryson. The property, consisting of 14 claims, is being purchased from a pair of prospectors for 7.5 million common shares of Sphinx and a 1% net smelter return, subject to a buyback option.The purchase consolidates Sphinx's claims in the d...Read More

PDAC: Exploring 30 years of global gold endowment with Flydentity's Douglas Silver

March 10, 2021 / www.northernminer.com

The first keynote address of this year's Prospectors and Developers Association (PDAC) of Canada convention was particularly germane given that PDAC is the world's largest mining conference, most publicly listed mineral companies are Canadian, and the majority of these have gold mining operations.The talk, entitled The fate of gold deposits, was delivered by Douglas Silver, CEO of Flydentity LLC....Read More

Queensland coal exports continue to fall in February

March 11, 2021 / www.metalbulletin.com

Coal exports from Australia's Queensland state remained in a downtrend in February, falling by 7% on the year and dropping by 5% month on month, according to data from the North Queensland Bulk Ports Corp and Gladstone Ports Corp.Queensland, Australia's metallurgical coal hub, exported 15.47 million tonnes of coal - including small volumes of thermal coal - last month, compared with 16.65 million...Read More

"There are concerns by some countries about Chinese investment"

March 10, 2021 / bit.ly

Trade, regulatory framework to elicit higher standardsRead full newsRead More

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