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CHINA HRC: Prices weaken on inactive trading

July 11, 2020 / www.metalbulletin.com

China's hot-rolled coil prices weakened on Friday July 10 amid inactive trading, with buyers taking a wait-and-see position after restocking at high prices earlier this week.DomesticEastern China (Shanghai): 3,850-3,870 yuan ($551-554) per tonne, down 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,720-3,750 yuan per tonne, up 100 yuan per tonneSellers in Shanghai were offering H...Read More

LIVE FUTURES REPORT 10/07:LME nickel continues descent in 1.2% drop; copper holds above $6,300/t

July 11, 2020 / www.metalbulletin.com

The LME three-month nickel price was trading down 1.2% on the previous day's close at around $13,080 per tonne during the morning session on Friday July 10, continuing its descent from yesterday's $13,550 per tonne intraday high.Yesterday's shadow-stock report from the London Metal Exchange said that 18,753 tonnes of nickel was available off-warrant globally, which constitutes about 8% of the 234,...Read More

MINOR METALS MARKET REPORT 10/07: Manganese flake price dips despite recent improved sentiment

July 11, 2020 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for their latest price moves.Read More

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

July 11, 2020 / www.metalbulletin.com

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt alloy grade, in-whs...Read More

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

July 11, 2020 / www.metalbulletin.com

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More

CHINA COBALT SNAPSHOT: Rising futures buoy spot prices despite weak downstream demand

July 11, 2020 / www.metalbulletin.com

Key data from the Friday July 10 pricing session in Shanghai.Key driversChina's cobalt metal prices edge up amid rising local futures prices with investors' appetites strengthening on cobalt demand optimism from the electric vehicle (EV) sector after news that BMW Group signed a ?,?100 million ($113 million) contract to secure cobalt supply. Spot demand remained sluggish, however....Read More

CHINA MINOR METALS MARKET REPORT 10/07: Antimony up on high offers; magnesium dips on slow demand

July 11, 2020 / www.metalbulletin.com

An overview of the Chinese minor metals markets and the reasons for their latest price moves. Read More

Glencore's Katanga production uninterrupted despite Covid-19 cases

July 11, 2020 / www.metalbulletin.com

Production at Glencore's Katanga copper and cobalt mine in the Democratic Republic of the Congo (DRC) has been uninterrupted by the confirmation of six Covid-19 cases at the operation.Closure of the mine is unlikely although the possibility has not been ruled out, Fastmarkets understands. The six...Read More

EUROPE STAINLESS STEEL: Prices slide on weak demand

July 11, 2020 / www.metalbulletin.com

The price of stainless steel in the European domestic market has dropped this week because of low demand, sources told Fastmarkets on Friday July 10.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?1,930-2,000 ($2,185-2,264) per tonne on Friday, down by ?,?50 per tonne week on week.Read More

DAILY STEEL SCRAP: Turkish mills resume deep-sea bookings; prices inch down

July 11, 2020 / www.metalbulletin.com

Turkish steel producers resumed deep-sea scrap purchases at the end of the week at slightly lower prices, sources said on Friday July 10.A steel mill in the Izmir region booked a cargo from the United States, comprised of shredded scrap at $258 per tonne and bonus-grade scrap at $263 per tonne cfr.Another steel mill in the Marmara region also booked a US cargo at $255 per tonne cfr for a...Read More

Shipping lines holding back from non-ferrous scrap shipment to China

July 11, 2020 / www.metalbulletin.com

Some US, French and German shipping lines have stopped handling shipments of non-ferrous scrap material to China, citing concerns over the delayed launch of a policy in the East Asian country to trade scrap as renewable materials.Some shipments scheduled to arrive in mainland China and Hong Kong before September 1, 2020, have been cancelled by the shipping companies as a result, industry sources s...Read More

Majors keen to avoid sins of the past

July 10, 2020 / www.mining-journal.com

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources This is partly of their own doing; the impressive capital discipline they have shown over the past half a decade...Read More

Porgera mine dispute escalates for Barrick, Zijin

July 10, 2020 / www.northernminer.com

Barrick Gold (TSX: ABX; NYSE: GOLD) has served a dispute notice to the Papua New Guinea (PNG) government over the country's refusal to renew a licence for the Porgera mine.The world's second-largest gold producer says that PNG's decision to reject the application for the lease extension violated a bilateral investment treaty between the country and Australia, as well as international law governing...Read More

Chile struggles to maintain copper production as coronavirus spreads

July 11, 2020 / www.northernminer.com

Workers at Chile's giant copper mines are caught between the urge to protect themselves and pressure to keep the country's economy moving.Since declaring a state of emergency in March to deal with the Covid-19 pandemic, the Chilean government has tried to maintain a difficult balance between slowing the spread of the disease and shielding the economy through the inevitable downturn. Mining compani...Read More

Baker Hughes reports U.S. oil-rig count down by 4 this week - MarketWatch

July 10, 2020 / www.marketwatch.com

Baker Hughes undefined on Friday reported that the number of active U.S. rigs drilling for oil edged down by 4 to 181 this week. That followed a decline of 3...Read full newsRead More

Illegal mining threatens Brazil's last major isolated tribe

July 10, 2020 / dlvr.it

BRAZIL-INDIGENOUS/MINING (INSIGHT, PIX, GRAPHIC):INSIGHT-Amazon gold rush: illegal mining threatens Brazil's last major isolated tribeRead full newsRead More

First Mining set for huge uplift in value as pre-feasibility work accelerates at Springpole

July 10, 2020 / dlvr.it

First Mining is beginning to make waves on international equity marketsRead full newsRead More

First Mining set for huge uplift in value as pre-feasibility work accelerates at Springpole

July 10, 2020 / dlvr.it

First Mining is beginning to make waves on international equity marketsRead full newsRead More

RT @Investor_Intel: $GGM.V up +25% in June on news: #GranadaGold Outlines 2020 High-Grade Exploration Program

July 10, 2020 / bit.ly

June 2, 2020 (Source) - Granada Gold Mine (TSXV: GGM) ("Granada Gold" or the "Company") is pleased to provide an update of ...Read full newsRead More

Junior gold stocks explode after gold closes Q2 above $1800 -- Read it here:

July 10, 2020 / www.kitco.com

Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.Read full newsRead More

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