Key data from Fastmarkets' pricing session in Europe on Wednesday June 30.Key drivers Trading activity is in stasis, with market participants considering the potential impact of the recently announced export duties on ferro-alloys from Russia, which are effective from August 1 until the end of the year. A few small deals were reported for both alloy and scrap within the current price ranges. Ferro...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, in-whs Rotterdam, $/lb at...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 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.Fastmarkets...Read More

News that several major producers had withdrawn from spot trading due to supply shortages has further strengthened China's spot ferro-chrome market, sending spot prices in the week to Tuesday June 29 to their highest point since April."With continuing energy controls in Inner Mongolia in June, our production has been increasingly disrupted due to tightened power restrictions," Jietie Ferroalloy sa...Read More

Asian steel scrap imports fluctuated wildly from territory to territory in 2020, with South Korea and Bangladesh reporting decreases while Taiwan and Vietnam recorded increases.Japan, Asia's largest steel scrap supplier, exported 9.39 million tonnes of the steelmaking raw material last year - over a fifth more than in 2019.Vietnam became the single largest importer of Japanese scrap last year; at...Read More

Drilling at Callinex Mines' (TSXV: CNX; US-OTC: CCLXF) Rainbow deposit in Manitoba has returned wide intersections of high-grade copper.Drill hole PBM-129-W2 hit a broad interval of 67 metres grading 2.73% copper, 0.13 grams gold per tonne, 3.46 grams silver per tonne and 0.12% zinc (2.89% copper equivalent), starting from 776 metres downhole, including 2.5 metres of 17.6% copper, 0.49 grams gold...Read More

New Found Gold (TSXV: NFG; US-OTC; NFGFF) has found a new high-grade zone at its 100%-owned Queensway gold project in Newfoundland, 15 km west of Gander.The discovery hole, NFGC-21-241, intersected 5.25 metres grading 430.17 grams gold per tonne starting from 207.85 metres. A second hole, NFGC-21-171, returned 4.85 metres grading 10.36 grams gold from 223.45 metres.New Found Gold has named the ne...Read More

Worldwide gold and copper production growth will resume in all earnest following the stop-start nature of Covid-19 disruption that miners have experienced at times during the past 18 months, two new reports by Fitch Country risk and Industry Research show.For gold, Fitch expects production growth in 2021 to achieve its fastest rate in three years. Over the medium-term (2021 to 2025), global mine p...Read More

Swiss-based multinational miner Glencore (LSE: GLEN) has disclosed US$5.7 billion in taxes, royalties and other government payments in 2020.The diversified mining house says the covid-19 pandemic caused major production outages across the portfolio last year amid softer commodity prices: the result, lower payments to host nations compared with the 2019 total of US$7.7 billion.The group's effective...Read More

Azarga Uranium (TSX: AZZ; US-OTC: AZZUF) has released a preliminary economic assessment (PEA) for its 100%-owned Gas Hills in-situ recovery (ISR) uranium project in Wyoming, about 72 km east of Riverton.The PEA envisions Gas Hills producing about 1 million lb. of triuranium octoxide (U3O8) per year for a total of 6.5 million lb. of U3O8 over a seven-year mine life.Initial capital costs are expect...Read More

Alpha Lithium (TSXV: ALLI; US-OTC; ALLIF) has produced lab-scale quantities of lithium hydroxide and lithium carbonate from its 100%-owned Tolillar Salar project in Argentina, about 170 km southeast of the city of Salta."While this is limited bench scale production, it showcases our strategic goal to achieve production and our proven ability to operate at an incredible pace in Argentina," Brad Ni...Read More

With the Chinese government setting 2030 as the target for China's carbon emissions to peak and 2060 for it to achieve carbon neutrality, the country's steel sector will have to change the way it does business.Fastmarkets speaks to market participants for their views on what these changes might be, and what challenges lie ahead.1. Reduce hot metal productionReducing hot metal output - such as via...Read More

Spearmint Resources (TSXV: SPMT; US-OTC: SPMTF) has intersected lithium values in all ten drill holes completed at its Clayton Valley lithium clay project, and recently completed its first resource estimate on the project, about 280 km northwest of Las Vegas and 55 km west of the town of Tonopah, in Nevada.The company announced the resource estimate on June 11, outlining indicated resources of 196...Read More

Falco Resources (TSXV: FPC) and Glencore (LSE: GLEN) have signed an agreement in principle that paves the way for Falco to develop its Horne 5 project in Quebec.The agreement in principle outlines the terms that will be in a finalized operating licence and agreement (OLIA) expected in the third quarter. These include the establishment of a joint technical and strategic committee to collaborate on...Read More

Magna Gold (TSXV: MGR; US-OTC: MGLQF) has declared commercial production at its 100%-owned San Francisco gold mine in Sonora, Mexico. That puts the company on track to meet its 2021 guidance of 55,000 to 65,000 oz. gold.The mine will produce approximately 6,000 oz. gold per month in the third quarter and 7,500 oz. per month in the fourth quarter.To achieve commercial production, Magna completed pr...Read More

Vale (NYSE: VALE) is investing $150 million (US$122 million) to extend by ten years its mining activities in the Canadian province of Manitoba.The figure, the company's largest single investment made at its Thompson nickel operations, will also be allocated to continuing exploration in the area to search for new deposits that hold the promise of mining well past 2040.Dino Otranto, chief operating...Read More

In our July 5-18 issue we bring you our popular rankings by market capitalization of the top ten Canadian-headquartered companies across five sectors. The lists are always a compelling read and are compiled by our colleagues at MiningIntelligence, which like The Northern Miner, is part of the Glacier Resource Innovation Group.If I had to pick one company - and sector - that stands out in this year...Read More

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