Iron ore prices advanced on Thursday January 2 despite a downturn in rebar and further production restrictions in China's steel hub of Tangshan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.05 per tonne, up $1.92 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.14 per tonne, up $1.92 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.35 per tonne, up $1.81 per t...Read More

Seaborne coking coal prices were steady on Thursday January 2, with market participants still on the sidelines.Fastmarkets indicesPremium hard coking coal, fob DBCT: $140.69 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $148.77 per tonne, unchangedHard coking coal, fob DBCT:...Read More

Prices for 62% Fe iron ore experienced a gradual recovery as 2019 came to an end, rising to the $90-per-tonne level, while the high-grade 65% Fe segment even breached $100 per tonne.Traded volumes for the Singapore Exchange's 65% Fe futures contract, which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, amounted to 1.994 million tonnes in December....Read More

U.S. equity index futures were higher this morning. S&P500 futures were up 19 points in pre-opening trade. Index futures were buoyed by another 1.15% gain by the Shanghai Composite Index to 3,085.20.Schlumberger added $0.24 to $40.44 after Stifel Nicolaus raised its target price to $47 from $45.Halliburton (HAL $24.42) is expected to open higher after Stifel Nicolaus raised its target price to...Read More

The three-month copper price on the London Metal Exchange was higher across morning trading on the first working day of the year on Thursday January 2, breaching nearby resistance amid high trading volumes, with zinc futures following higher.Copper's outright price on the LME was recently at $6,210 per tonne, climbing by around 0.6% from Tuesday's closing price of $6,174 per tonne, while turnover...Read More

China's domestic hot-rolled coil prices were flat on Thursday January 2 although Tangshan announced short-term steelmaking restrictions to improve air quality. DomesticEastern China (Shanghai): 3,900-3,920 yuan ($560-563) per tonne, unchangedNorthern China (Tangshan): 3,640 yuan per tonne, unchangedA large number of steel mills in northern China's steel hub of Tangshan were instructed to implement...Read More

Cobalt hydroxide consumers will continue to have exposure to the spot market this year, with some of their requirements likely to be topped up from producer stocks held in Asian warehouses, sources told Fastmarkets. The creation of a nearby spot market has appeal in cutting the long shipping times, as well as reducing the potential for logistical difficulties and price risk associated with shippin...Read More

QUESTION: Marty, you laid out gold’s forecast back in October 2018 which has been amazing long-term. While you said if gold would rally after the Pi turning point from a bounce off the downtrend line, then it should rally into the bottom of the ECM. Will you now publish the gold report? I know you have been really busy. But it would be nice to hear from you. Socrates has been bullish since t...Read More

Chinese stainless steel prices declined over the past week because of producer plans to reduce their inventories ahead of the January 24-30 Lunar New Year holiday. Sources told Fastmarkets that the slight decrease in nickel prices also contributed to the lower prices, with the three-month nickel contract on the London Metal Exchange ending 2019 at $14,075-14,100 per tonne on Tuesday Dece...Read More

Tan Viet Quang Co Ltd began construction of a stainless steel plant in central Vietnam's Quang Tri province in late December. The company will invest 1.6 trillion Dong ($69 million) in the project, which will be able...Read More

Sierra Metals (TSX: SMT; NYSE-AM: SMTS) has updated the resource for its Bolivar underground mine in Chihuahua state, Mexico based on 13,698 metres of infill drilling and 41,553 metres of exploration drilling between November 2017 and September 2019.Bolivar's indicated resources now stand at 11.63 million tonnes averaging 0.95% copper, 18.1 grams silver per tonne and 0.24 gram gold, or 1.17% coppe...Read More

Alamos Gold (TSX: AGI; NYSE: AGI) has spent $1.9 million for an 11% stake in Red Pine Exploration (TSXV: RPX) on an undiluted basis and 19.99% on a partially diluted basis.The investment was part of a private placement of flow-through and non-flow through units that Red Pine closed on Dec. 31.The proceeds will be used for exploration on the junior's Wawa gold project, 2 km southeast of the town of...Read More

Since taking the reins at NorZinc (TSX: NZC) in 2018, CEO Don MacDonald admits he has spent more time than he expected on permitting. But with all the major permits now in hand to put the Prairie Creek zinc-lead-silver project into production, he's excited to dig into the technical aspects of the project in 2020."There's a lot of value creation that can be done on this project in the next 12 month...Read More

The mining sector is already behind other industries when it comes to the use of new technologies, but the rate of adoption has risen in the past couple of years. How can we keep the momentum going and even pick up the pace? That's one of the questions a panel of industry experts discussed at the third annual Progressive Mine Forum, organized by The Northern Miner. The panelists at the event, whic...Read More

Batteries hold the key ingredient for transitioning away from fossil fuel dependence, and the next decade could prove transformational.Read full newsRead More

Germany is going forward with its plan to phase out nuclear reactors by 2022 as another nuclear power plant went offline last night...Read full newsRead More

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