Chilean copper commission Cochilco has increased its forecast for the average copper price this year to $2.62 per lb, from $2.40 per lb previously, due to the recovery in the Chinese economy and a drop in inventories, it said on Thursday August 6.For next year, however, Cochilco has reduced its average copper price estimate to $2.85 per lb, from the $2.90 per lb it published in its previous market...Read More

Sean McCoshen, the founder and chairman of the Alaska-Alberta Railway Corporation, (A2A Rail) has already sunk US$110 million of his own capital to move the project to where it stands today.Read More

Halifax, Nova Scotia - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announces that its previously announced clinical, in-field evaluation studies for its rapid detection, COVID-19 antigen test that commenced in July continue and are now expected to return their full results within two weeks. The delays have...Read More

Base metal production in Peru continued to recover in June while mines reopened after a two-month lockdown to combat Covid-19, with copper and zinc production back up to January levels, the country's ministry of energy and mines, Minem, said on Wednesday August 5.Peru produced 119,174 tonnes of zinc in June, up by 2.7% from 115,990 tonnes a year before, Minem data showed. Production also grew sign...Read More

Vancouver, BC - Summa Silver Corp ("Summa Silver" or the "Company") (CSE: SSVR, Frankfurt: 48X) is pleased to announce that it has closed the non-brokered private placement financing of units of the Company (the "Units") at a price of $1.00 per Unit (the "Offering") for gross proceeds of $8,000,000. Participation in the Offering included a lead order of $5,000,000 from Mr. Eric Sprott.Each Unit...Read More

Companies able to provide consistently good results by the drill bit have seen their shares rewarded (see chart). Equities continue to move higher as gold climbs past US$2,000/oz.Read More

Here are five Fastmarkets stories you might have missed on Thursday August 6 that are worth another look.The United States will reintroduce Section 232 tariffs on imports of non-alloyed unwrought aluminium from Canada, President Donald Trump announced on Thursday August 6. The aluminium industry neither deserves nor can afford the shock that...Read More

Glencore will not rush to bring its Mutanda copper-cobalt mine in the Democratic Republic of Congo (DRC) back into production ahead of an increase in demand from the electric vehicle sector, and while cobalt prices are low, chief executive officer Ivan Glasenberg said during an investor call earlier today. Mutanda was put on care and maintenance for at least two years at the end of November 2019 f...Read More

The Turkish steel mills have continued their deep-sea scrap purchases for September shipments at escalating prices, sources said on Thursday August 6.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $283 per tonne, shredded at $288 per tonne and bonus at $293 per tonne cfr. The cargo breakdown was not clear, but the normal cargo size from this supplier...Read More

Activity in the bulk import market for steel scrap sold to Bangladesh has increased over the past week, with fresh buying interest in Japan- and US-origin material, market sources told Fastmarkets on Thursday August 6.Market chatter on Thursday centered on fresh bids for Japan-origin scrap in bulk and renewed activity in the deep-sea import market for US West Coast scrap, at higher prices than the...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Heavy rains in China, which can negatively affect iron ore supplies and pig iron production, and bolster demand for scrap, continued in July 2020. Although this was more an upside risk to our bearish base case one month ago, Chinese scrap prices remained strong. The firm prices gained support from the rains and from a more g...Read More

Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday August 6, but the complex was up by an average of 0.4%.Pre-market major western equity index futures and equities in Asian-Pacific markets were also mixed.Western markets waiting for news on a stimulus package announcement by the United States this week, as well as Friday US employment report... ...either...Read More

SUDBURY - The Ontario government is providing more than $1 million to help two companies in Sudbury develop new treatments, devices and technologies to support the health sciences sector. The funding will be delivered through the Northern Ontario Heritage Fund Corporation (NOHFC) and create eight new jobs."Supporting the health sciences sector across Northern Ontario is an important part of our go...Read More

We learned from Dr. Ruben Padilla, President and CEO of Sable Resources Ltd. (TSXV: SAE), that Sable is a well-funded junior grassroots explorer, focused on the discovery of new precious metal projects, through systematic exploration in endowed terranes, located in favorable, established mining jurisdictions. Sable's main focus is developing its large portfolio of new greenfields projects, located...Read More

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

Kane Tanaka is 117 years old.She's believed to be the oldest-known living person in the world.But it's only a matter of time before 117 is no longer considered old - but middle aged.At least that's what MIT-trained scientist David Sinclair believes.Known as one of the leading experts in the field of aging, Sinclair is the guy who discovered the survival-circuit theory. And he says that getting col...Read More

When I started to see Murray Sinclair loading up on Dundee Corporation (DC.A) in May, it helped firm up my conviction that the junior mining rally was going to have some legs. I had not seen him do much in terms of filings over the past few years, but why Dundee now? The penny started to drop over the weekend and today we wrote about our take on how Dundee could provide an on- ramp for institutio...Read More

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 cobalt standard grade, in-whs Rotterdam at $14.60-15.05 per lb on Thursday August 6. Sale at $14.6...Read More

Glencore will not rush to bring its Mutanda copper-cobalt mine in the Democratic Republic of Congo (DRC) back into production ahead of an increase in demand from the electric vehicle sector, and while cobalt prices are low, chief executive officer Ivan Glasenberg said during an investor call earlier today. Mutanda was put on care and maintenance for at least two years at the end of November 2019 f...Read More

Domestic prices for hot-rolled coil in Northern Europe increased day on day on Thursday August 6, despite the seasonal market slowdown, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?415.00 ($491.66) per tonne on Thursday, up by ?,?0.83 per tonne day on day from ?,?414.17 per tonne on Wednesday.Thursday's index was...Read More