Iron ore prices plunged on Friday May 21 amid thin liquidity on both the seaborne front and at the Chinese ports, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $200.72 per tonne, down $11.13 per tonne62% Fe low-alumina fines, cfr Qingdao: $203.06 per tonne, down $11.01 per tonne58% Fe fines high-grade premium, cfr Qingdao: $172.75 per tonne, down $8.06 per tonne65% Fe Brazil...Read More

All metals except for zinc and aluminium fell from their recent psychological levels on the morning of Friday May 21, with selling on the London Metal Exchange still present while macroeconomic headwinds continue to affect the complex.Copper's three-month price was down to $9,970 per tonne on Friday at 9am from Thursday's close at $10,048 per tonne, which had been a slight $40 rebound on the previ...Read More

A significant rise in the LME lead price on Thursday May 20, was the outlier in the base metals complex, with its peers having a mixed day following Wednesday's selling session.Lead's three-month price was up by 1.95% at the close on Thursday to $2,217 per tonne, from $2,174.50 per tonne at 5pm on Wednesday, which was the biggest rise on the day and in stark contrast with the rest of the base meta...Read More

The Chilean Copper Commission, Cochilco, raised its average price forecast for this year to $4.30 per lb on May 19, given an expected deficit of refined copper for the 2021-2022 period, it said.Cochilco revised the price up from a prediction of $3.30 per lb in January 2021, with its executive vice president Marco Riveros citing the global deficit together with reduced inventories in metal exchange...Read More

Seaborne iron ore prices fell on Thursday May 20 amid falling steel prices and overall weakened demand, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $211.85 per tonne, down $4.31 per tonne 62% Fe low-alumina fines, cfr Qingdao: $214.07 per tonne, down $4.72 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $180.81 per tonne, down $4.90 per tonne 65% Fe Brazil-orig...Read More

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

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...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

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,...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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....Read More

Prices for Chinese stainless cold-rolled coil weakened over the past week on selling pressure and a falling nickel market.The three-month nickel contract on the London Metal Exchange ended the official trading session on Wednesday May 19 at $17,702 per tonne, down by $240 per tonne from $17,942 per tonne a week earlier. DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 16,500...Read More

New research by S&P Global Market Intelligence has found that among more than 400 mining companies examined, actual capital expenditures fell 8% in 2020 regional lockdowns forced work stoppages and placed global supply chains under unprecedented stress.At the beginning of 2020, the miners' group was forecasting capex of US$162 million, a 9% year-on-year increase of 2019. But as the pandemic impa...Read More

First Majestic Silver (TSX: FRI; NYSE: AG) is investing $1.3 million in Blackrock Silver (TSXV: BRC; US-OTC: BKRRF), which has a portfolio of gold and silver properties in Nevada.First Majestic, which recently acquired the Jerritt Canyon gold mine in Nevada from Sprott Mining and has three producing silver mines in Mexico, is taking up just over half of Blackrock Silver's $2 million non-brokered p...Read More

Centerra Gold (TSX: CG) has sued the new external manager of its Kumtor mine, which was seized by Kyrgyzstan last weekend, claiming that he conspired to steal the asset from the company while he was a director.The Toronto-based miner alleges that former board member Tengiz Bolturuk, secretly co-operated with Canadian and U.S. lawyers, as well as with the government of Kyrgyzstan to stage the mi...Read More

Manitoba has ranked in the top 20 of the Fraser Institute's annual list of the most attractive mining jurisdictions for 21 of the last 23 years, and has an exceptional mineral profile across an entire suite of metals - from copper, nickel, zinc and gold to diamonds, graphite and strategic minerals. Eighteen of the 31 minerals that Canada placed on its new list of critical minerals released at the...Read More

Mako Mining (TSXV: MKO; US-OTC: MAKOF) says its San Albino gold project in northern Nicaragua may reach commercial production at the end of the second quarter.The 5000-tonne per day gravity and carbon-in-leach plant is fully operational and operating above 75% nameplate capacity. If the plant continues to operate at this level or above, Mako says, commercial production could be declared as soon as...Read More

Underground drilling by Wesdome Gold Mines (TSX: WDO) at the Kiena mine complex in Val d'Or, Quebec has expanded the high grade Footwall zone over 300 metres down plunge.Drilling in the footwall returned highlights of 41.2 grams gold per tonne over 51.2 metres (capped at 25.7 grams gold per tonne); 27.7 grams gold per tonne over 12.3 metres (capped at 27.7 grams gold per tonne); and 16.7 grams gol...Read More

Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDRemembering the lessons from the last gold bull marketSPONSOREDsrk consultingGregory told the RIU Sydney Resources Round-up the company was investing in exploration and di...Read More

SQM (NYSE: SQM), the world's No. 2 producer of lithium, doesn't seem worried about potential higher taxes for miners in copper powerhouse Chile, as it is pushing ahead with planned expansion plans in the nation, also a world's top producer of the battery metal.As the market is growing faster than expected, the company said it will fast-track existing expansion plans in Chile's lithium-rich Atacama...Read More

Russia's Ministry of Industry and Trade is proposing to double the export duty on ferrous scrap to ?,?90 ($109.82) per tonne in a bid to halt export growth and stabilize domestic prices of the raw material and steel products.The previously imposed rate of ?,?45 per tonne has not been enough to secure sufficient domestic supply of scrap and prevent excessive exports, the ministry said.The exis...Read More