Base metals prices on the London Metal Exchange were mainly weaker this morning, Thursday April 1, and those on the Shanghai Futures Exchange were more mixed, while markets contend with cross winds.United States treasury 10-year yields remain upbeat, as does the dollar China's Caixin manufacturing purchasing managers' index (PMI) at 50.6 showed slower growth in March, compared with 50.9 in Februar...Read More

Tightening prompt supply in Europe and continuing shipping delays pushed manganese flake prices to a nine-year high this week, with planned production cuts in China this month adding to the bullish sentiment.Fastmarkets' price assessment for manganese, 99.7% electrolytic manganese flake, in-whs Rotterdam climbed by 4.9% to $3,000-3,150 per tonne on Wednesday March 31, up from the previous week's a...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 standard grade, in-whs Rotterdam,...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...Read More

Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalHot Chili rises to the topSPONSOREDhot chiliMarimaca timing its run to meet resurgent demand for copperSPONSOREDmarimaca copperFilo del Sol copper-gold-silver advanced explorationSPONSOREDfilo miningFunding will come by reversing some of the cuts to the corporate tax rate enacted by his predecess...Read More

Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalHot Chili rises to the topSPONSOREDhot chiliMarimaca timing its run to meet resurgent demand for copperSPONSOREDmarimaca copperFilo del Sol copper-gold-silver advanced explorationSPONSOREDfilo miningIt is the second major upgrade for metals prices since September 2020. In revising its three-year...Read More

European titanium scrap prices have increased by more than 5% over the week to Wednesday March 31 while the range for ferro-titanium is narrowing, applying a squeeze on margins for producers of the alloy, according to industry sources. Scrap markets for turnings are over $2 per lb cif Europe, with suppliers increasing their offer prices amid a persistent downturn in the aerospace sector; aircraft...Read More

China's domestic stainless steel prices narrowed up slightly in the week to Wednesday March 31 on strong demand and dropping inventories.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 15,300-16,100 yuan ($2,330-2,452) per tonneThe price narrowed upward by 100 yuan per tonne from the previous week.Solid demand for downstream products led to active purchasing of stainless st...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationJulimar is the COVID-gloom busting discovery in March last year that has propelled Chalice's market cap from $42 million pre-discovery to a thumping $1.Read More

Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalHot Chili rises to the topSPONSOREDhot chiliMarimaca timing its run to meet resurgent demand for copperSPONSOREDmarimaca copperFilo del Sol copper-gold-silver advanced explorationSPONSOREDfilo miningWith a resource defined and an initial development plan scoped out, Chile's state copper company C...Read More

Micon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalHot Chili rises to the topSPONSOREDhot chiliMarimaca timing its run to meet resurgent demand for copperSPONSOREDmarimaca copperFilo del Sol copper-gold-silver advanced explorationSPONSOREDfilo miningThe company says its due diligence has highlighted the potentially superior returns achievable thr...Read More

Vietnamese buyers have increased their interest in Japanese steel scrap amid ongoing supply shortages, sources told Fastmarkets on Thursday April 1.Offers for Russian A3 scrap came in at $450 per tonne cfr Vietnam this week, while sources estimated that deep-sea cargoes of HMS 1&2 (80:20) from the United States or Australia would be on offer at about $455-460 per tonne cfr Vietnam.One major buyer...Read More

Japan's export steel scrap market presented a mixed picture in the week to Thursday April 1, with rising steel prices in Asia colliding with continued difficulties in sourcing vessels at key Japanese ports, sources said.Sales of 3sp steel billet from Indonesia hit $630 per tonne cfr China this week, driven by strong long steel demand in the Chinese market.Vietnamese mills were heard offering bille...Read More

Argonaut Gold (TSX: AR) has reported that the sale of its Ana Paula gold project in Mexico, approximately 180 km south of Mexico City, has fallen through as the purchasing company, AP Mining, could not fulfil its financial and certain regulatory and other approvals.Argonaut's president and CEO Peter Dougherty stated in a press release that "after extending the agreement once already, we feel we a...Read More

UEX (TSX: UEX; US-OTC: UEXCF) has reported drill results from the Michael Lake zone on its 100%-owned West Bear cobalt-nickel deposit in the eastern Athabasca basin of Saskatchewan, about 740 km north of Saskatoon.Highlights include drillhole MIC-007, which intersected 9.5 metres grading 0.39% cobalt and 0.62% nickel starting from 77.5 metres, including 2 metres of 1.58% cobalt and 1.96% nickel....Read More

There is a great deal of uncertainty about what the future of automotive propulsion technology will be. This presents challenges to capital formation and allocation.For one thing a lot of people do not realize that these uncertainties even exist. The uncertainties should cause investors, business developers and executives to be extremely cautious in their expectations as to what share of the vehic...Read More

With the mill at Pure Gold Mining's (TSXV: PGM) PureGold mine in Red Lake ramped up to its 800 tonne-per-day nameplate capacity, the new producer is now focusing on fine-tuning its underground operations.First-quarter head grades came in below expectations due to overbreak dilution and limited scheduling flexibility from the temporary single-ramp access to the mine. With limited stope material, th...Read More

When Hudbay Minerals (TSX: HBM; NYSE: HBM) acquired Augusta Resources in September 2014 the key objective was to advance its Rosemont copper project, which if put into production will be one of the largest copper mines in the United States.But the acquisition also brought with it a package of patented mining claims on private land within 7 km of the open-pit project, which held about 20 small pick...Read More

A recent survey by Pauktuutit Inuit Women of Canada reveals that Inuit women in the mining industry experience a high level of sexual harassment at work.Of those surveyed by the organization, 55% reported experiencing some form of sexual harassment, ranging from unwanted sexual comments or jokes to "intense and varying forms of sexual violence and harassment on a recurring basis."In the aftermath...Read More

The international mining industry is in the early stages of the biggest collective boost it has received for almost 50 years. Arguably, the most recent equivalent was on August 15, 1971, when President Nixon declared that the price of gold would be allowed to float free.Although the U.S. Government did not finally remove the dollar's statutory link to gold until October 1976, the international adh...Read More