Seaborne premium hard coking coal prices continued to fall on Thursday May 28 and spot market activity was muted, with market participants lowering their estimates.Fastmarkets indicesPremium hard coking coal, fob DBCT: $112.23 per tonne, down $2.07 per tonne Premium hard coking coal, cfr Jingtang: $119.77 per tonne, down $1.93 per tonneHard coking coal, fob DBCT: $90.39 per tonne, d...Read More

Swedish state-owned iron-ore producer LKAB has resumed production at its Kiruna mine after a "seismic event" last week, the company said on Wednesday May 27.All operations at the Kiruna mine were stopped on May 18 following an earthquake with a reported magnitude of 3.3 on the local magnitude (Richter) scale.The company managed to resume operations on May 23, it said, with production levels of abo...Read More

Prices for bulk cargoes of ferrous scrap exported from Japan rose over the week to Wednesday May 27 amid solid export demand and stronger domestic markets, sources have told Fastmarkets.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan rose to ?23,500-24,000 ($218-222) per tonne on Wednesday May 27, up ?1,000 per tonne week on week.Small quantities of H2 were heard so...Read More

Idoru Trading's Nathan Fruchter knows how it feels to be ahead of the curve in the Asian steel scrap markets. The New York-based trader sold his first cargo to Bangladesh in the late 1980s and his first containers to Vietnam in the early 2000s - back in the infancy of both markets.Fruchter was also an early riser in his calls for a Taiwan ferrous scrap futures contract, having lobbied for such a d...Read More

Base metals prices were mixed during morning trading on Thursday May 28, with geopolitical tensions still weighing on the complex.The tensions did not appear to phase the LME copper price, which was the best performer in the complex and recovered just over 1% after closing 1.9% lower yesterday. The LME three-month copper price was up $59.50 from the May 27 close reach to $5,319 per tonne duri...Read More

Prices for cobalt salts in China, including cobalt sulfate and tetroxide, continued their upswing in the first half of this week, but the upward momentum has slowed after suppliers found it increasingly difficult to conclude deals at higher levels. Fastmarkets' assessment for cobalt sulfate 20.5% Co basis, exw China rose to 46,500-47,500 yuan ($6,493-6,632) per tonne on Wednesday May 27, up by 500...Read More

Cobalt is the battery raw material most likely to face supply disruption or inefficiency during Covid-19, according to a poll conducted during a Fastmarkets webinar last week.About 50% of respondents to the poll said cobalt would be most prone to disrupted supply or limited availability as a result of Covid-19; nickel and lithium each received 20% of respondents' votes, while the remaining 10% wen...Read More

China's domestic stainless steel prices were unchanged over the past week amid weak demand, but export prices fell due to a depreciation in the yuan. The Chinese currency was pegged at 7.1092 yuan per $1 on Wednesday May 27, compared with 7.0956 yuan to $1 a week earlier. The mixed performance by stainless steel prices comes amid an unclear trend in the price of nickel, a Southeast Asian buyer sai...Read More

Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly owned Kiena mine complex, 15 km northwest of Val-d'Or and 100 km east of Rouyn-Noranda in Quebec.The PEA estimates a mine life of eight years producing an average of 85,931 oz. gold annually at cash operating costs of US$374 per oz. and all-in sustaining costs (AISCs) of US$512 per ounce.The early-sta...Read More

Nomad Royalty, a new precious metals royalty and streaming company, will begin trading on the TSX on May 29, after completing a reverse takeover and acquiring the royalty portfolio of Yamana Gold (TSX: YRI; NYSE: AUY) and streaming assets from Orion Resource Partners.In addition to the two vend-in transactions, Nomad also completed a private placement financing of $13.3 million.Previously listed o...Read More

O3 Mining (TSXV: OIII) has entered an agreement with a syndicate of underwriters to raise $35 million (upsized from $30 million) for exploration at its projects in Quebec and for working capital and corporate expenses.The bought deal private placement offering co-led by Cormark Securities, Sprott Capital Partners and Canaccord Genuity, includes 4.7 million flow-through units, priced at $4.30 each,...Read More

Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has completed a bought deal financing raising $34.5 million that will be spent on permitting, development and exploration at its wholly owned Valentine gold project in Newfoundland.The company issued 23 million units at a price of $1.50 each, with each unit consisting of one share plus a half warrant exercisable at $1.90 per share for a one-year period. The...Read More

Prices for lithium, one of the key ingredients for the batteries that power electric vehicles (EVs) and high tech devices, are expected to climb in two years, when shortages in the market caused by curtailed production and halted expansions start to emerge.Car sales, EVs included, have plummeted this year as a result of the coronavirus pandemic that has hit global markets.In Western Europe, where...Read More

Rio Tinto (NYSE: RIO; LSE: RIO) has developed a way to extract high-purity scandium oxide from waste at its titanium dioxide production facilities in Quebec.The company has been using the new process, developed by researchers at the company's Rio Tinto Fer et Titane (RTFT) Research & Development Centre, to produce scandium oxide that meets market specifications since the second half of 2019 as par...Read More

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesInvestment bank metal price forecasts are influential. They frame expectations for investors. They also dictate what companies...Read More

The company has identified four targets at the Decar Nickel District project in central British Columbia, referred to as Baptiste, Sidney, Target B and VanRead full newsRead More

Doug Kirkpatrick explains how leaders can help create individualized opportunities for employees in order to find the gold hidden in your workplace.Read full newsRead More

Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.Read full newsRead More

The program, which gives investors alternative exposure to Bitcoin via mining hardware, is available to accredited investors around the world.Read full newsRead More

Loop Insights Unveils Latest Global Partner, Germany-Based PasscreatorRead full newsRead More