Peru president Pedro Castillo heard good words the community of Corani, which is also near Bear Creek Mining's silver project.Today the company (CVE:BCM) traded up 27% to $1.71.Last week representatives from the towns and villages of the Corani District were received by the President of Peru, Pedro Castillo Terrones at the Presidential Palace."During the meeting community representatives formally...Read More
Frontier Lithium (CVE:FL) announced today that it has successfully produced battery grade lithium chemicals from its own spodumene resource from the PAK deposit, part of the PAK lithium project in Ontario.The lithium salts were produced from ‘ore-to-hydroxide’ sulphate conversion route by a mini-pilot plant using core samples taken from the PAK lithium project. The Government of Ontari...Read More
Suppliers in China's domestic spot ferro-chrome market lowered their offer prices during the week to Tuesday October 19, while trading remained light due to very limited supply, Fastmarkets heard.Fastmarkets' assessment of ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China fell by 4.8% to 10,700-11,300 yuan ($1,673-1,767) per tonne on Tuesday, from 11,100-12,000 yuan per tonne one week earlier.Th...Read More
MOSCOW, Oct 20 (Reuters) - Russian metals tycoon OlegDeripaska attacked U.S. "stupidity" in a mocking social mediapost on Wednesday after FBI agents raided Washington and NewYork properties linked to his family. Washington imposed sanctions on Deripaska, 53, and otherinfluential Russians in 2018 because of their ties to PresidentVladimir Putin after alleged Russian interference in the 20...Read More
A summary of Brazilian miner Vale's base metals production results for the third quarter of 2021, as stated in its production report published on Tuesday October 19. Vale's nickel production declined in the third quarter from the prior quarter due to a labor disruption at its Sudbury mine in Canada, which halted operations for 70 days, of which 40 days were in third quarter, with an impact of 11,0...Read More
It closed at $10,487.50/t, returning towards the price for three-month copper, which was down 0.46% to $10,149.50/t."We expect volatility to remain in the near term given such market uncertainty - think low stocks, uncertain delivery times thanks to shipping and other logistical issues," Marex's Al Munro said from the LME desk.Nickel has climbed further above $20,000 per tonne, with cash nickel up...Read More
Oct 20 (Reuters) - The U.S. Forest Service on Wednesdayproposed banning mining in Minnesota's Boundary Waters regionfor 20 years, a step that would block Antofagasta Plc's Twin Metals copper and nickel mine project.The announcement, which reverses a decision by formerPresident Donald Trump, sets off a review process for how miningcould affect the region, a popular outdoor recreation area.While tha...Read More
On a higher timeframe basis: I cautioned on 8/16/18 the breakabove $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. Thisis ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2high and rolled over $412.8 into the macro bearish correction warned about.This is ON HOLD. On a lower timeframe basis: The decent trade above at $1,771.4warned of decent strength. We saw $14.6...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cook...Read More
(Reuters) - The U.S. economy grew at a "modest to moderate" rate in September and early October, as the latest surge of coronavirus cases crested and began to recede, the Federal Reserve said on Wednesday in its latest Beige Book compendium of reports about the economy."Outlooks for near-term economic activity remained positive, overall, but some Districts noted increased uncertainty and more caut...Read More
The study, completed using a US$100 per tonne price, suggests the current 10.4Mt grading 60.4% inferred resource can be recovered from multiple open pits within eight years, assuming a 1.Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies in...Read More
WASHINGTON, Oct 20 (Reuters) - U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals."We cannot do this alone," Monaco said on Wednesday during a virtual roundtable on cybersecurity."The bottom line is this: I believe it is bad for companies. It's bad for America and it hurts our efforts to uph...Read More
Japanese local and export buyers have been locked in a fight for steel scrap in the week to Wednesday October 20, pushing up prices across the board, sources told Fastmarkets.Major electric arc furnace (EAF) mill Tokyo Steel on Wednesday announced it would raise its scrap buy prices by ?500-1,000 ($4.38-8.75) per tonne at some of its works starting Thursday October 21. This marks the second price...Read More
WASHINGTON (Reuters) - The Boston Federal Reserve will not release documents that could show whether its former president vetted a series of personal investments last year with its ethics officer, a spokesman for the regional Fed bank said, a key point in an ongoing ethics controversy at the U.S. central bank.Eric Rosengren, along with Dallas Fed President Robert Kaplan, stepped down after details...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Barrick Gold said yesterdaythat the Pueblo Viejo gold mine in the Dominican Republic is continuing toadvance a plant expansion and tailings storage facility project designed toextend its life to 2040 a...Read More
(Reuters) - Federal Reserve Governor Randal Quarles, until recently the U.S. central bank's top financial regulator, on Wednesday said he does not understand the arguments in favor of issuing a central bank digital currency."Until somebody answers me the question why, I don't understand why we would devote the enormous amount of resources and the technological risk and the significant disruption t...Read More
Turkish steelmakers continued to pay higher prices for deep-sea ferrous scrap cargoes scheduled for shipment in December, market sources told Fastmarkets on Wednesday October 20.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 32,000 tonnes of an 80:20 mix of No1 and No2 heavy melting scrap at $502 per tonne and 3,000 tonnes of bonus-grade scrap at $522 per tonne cfr.Pre...Read More
WASHINGTON (Reuters) -U.S. President Joe Biden heads on Wednesday to his birthplace of Scranton, Pennsylvania as an agreement among Democrats on the scope of his social spending package appeared within reach.Biden will deliver remarks at the Electric City Trolley Museum in Scranton, Pennsylvania, an election swing state, and talk about how his infrastructure plan will benefit the working class in...Read More
Taiwan's import prices for containers of steel scrap were expected to continue to rise because of a huge premium for bulk import prices over material arriving in containers, market sources told Fastmarkets on Wednesday October 20.?EUR?Taiwanese buyers continue to book containerized cargoes?EUR?Chinese market muted by wide bid-offer gaps?EUR?China's ferrous scrap import volumes down by 49% month on...Read More