South America-focused miner Sierra Metals (TSX: SMT; NYSE-AM: SMTS) has released a preliminary economic assessment (PEA) on an expansion of its Yauricocha polymetallic mine in Peru's Yauyos province. The early-stage study suggests a throughput increase to 5,500 tonnes per day, up from 3,150 tonnes per day currently. The site is already scheduled to see an intermediate scale-up to 3,600 tonnes per...Read More
I speak mining, and have done so for over 45 years. For most of that time, I have defended the industry from those ignorant or ill-informed of our activities. I have stressed that the occasional mine accident or dam failure was the exception that proved the general rule. We are, I said, diligent, committed to safety and better than the media paints us (and this is coming from someone who became a...Read More
Glencore (LSE: GLEN) has been given the green light to expand its McArthur River zinc mine in Australia's Northern Territory against the advice of the state's own sacred sites authority, which says it has not cleared the plan yet.The state government's approval would allow Glencore to double the size of the mine, extending McArthur River's productive life until 2048. It also secures the jobs of ab...Read More
The world's top lithium producer Albemarle (NYSE: ALB) has joined forces with 27 companies, including electric vehicle maker Tesla and rideshare company Uber, to form a group that will push for 100% electric vehicle (EV) sales in the U.S. by 2030.The Zero Emission Transportation Association (ZETA), launched this week, is the first industry coalition of its kind advocating for national policies to...Read More
Despite strong quarter-on-quarter recovery in supply, the global platinum market is set to experience a second consecutive year of deficit at just over 1.2 million oz. in 2020, according to the World Platinum Investment Council's (WPIC) latest quarterly report.A stellar rebound in automotive demand and sustained strong investment demand for precious metals lifted platinum demand well above supply...Read More
US copper scrap exporters are waiting to see how China's new regulations affect the flow of scrap metal to the Asian country, which could have a significant impact on domestic copper scrap prices."China is the big unknown," a non-ferrous scrap seller said. "If China starts buying again, we will see a big impact on domestic prices, but we will not see the impact before December."China launched a ne...Read More
The closure of Thyssenkrupps's heavy plate unit is very likely considering the company has received zero interest during the bidding process for its sale, the company said on November 19. German industrial group Thyssenkrupp is going through a restructuring and in May this year, it said it was examining whether to sell or close its heavy steel plate production sites.In its annual report for the fi...Read More
Long-term ferro-vanadium contracts for 2021 are being signed at an average of 5-7% discounts while negotiations continue in November, market sources told Fastmarkets.Long-term contracts for ferro-vanadium in Europe are usually settled against Fastmarkets' European benchmark price assessment with the parties agreeing a discount to the published price to take prevailing market fundamentals into acco...Read More
This year's dawning winter rally has great upside potential after the gold and gold stock corrections run their courses.Read full newsRead More
In a day that's often good for gold and mining stocks, investors are selling everything.Read full newsRead More
A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.Read full newsRead More
What goes into determining the gold spot price?Read full newsRead More
Maxtech Ventures Inc. announces restart of the exploration effortRead full newsRead More
New Pacific Metals Corp. is pleased to provide an update on exploRead full newsRead More
Buying and holding fundamentally strong stocks for long can generate a significant amount of wealth as equities outperform other asset classes over time. For instance, on average, Enbridge has generated an annual shareholder return (share price appreciation plus dividend payments) of 15.8% from 1995 to 2019, implying a $3,000 investment in Enbridge stock during that period would turn int...Read More
Should we think of big tech stocks as we've thought about "tech stocks" up until now? I'm not sure anymore. I don't think anyone else should be either.If you told me 10 years ago that Amazon would dominate retail, I'd wholeheartedly agree.If you told me that it'd dominate one of the fastest-growing segments of B2B revenue and profit - cloud storage and processing - I'd raise an eyebrow, but hear y...Read More
The three-month copper and lead London Metal Exchange prices ended the week on the rise, hitting June-2018 and January-2020 highs respectively at the 5pm close on Friday November 20, capitalizing on momentum-based trading which pushed the whole complex up. The three-month copper price closed at $7,277.50 per tonne on Friday, up by 2.6% from Thursday's closing price of $7.093 per tonne, surpassing...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More
After much anticipation and debate, the International Energy Exchange's bonded copper futures contract launched on Thursday November 19 to some fanfare and respectable volume.A total of 8,344 lots traded on the INE's 'BC' contract on Thursday, following up with another 4,893 on Friday, the majority for delivery in March.National Chinese copper behemoths Jiangxi Copper and Minmetals were among the...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in Shanghai, Carrie Shi in Beijing, and...Read More