Windfall Lake gold project. Image courtesy of Osisko Mining Osisko Mining has announced further infill and expansion results from its Windfall gold project, 200 km northeast of Val-d'Or, which continue to suggest the presence of high-grade mineralization. Intercepts of note include:2 metres of 266 g/t gold from the Triple 8 zone;4 metres of 106 g/t gold from Triple Lynx; and2.5 metres of 135 g/t...Read More

The three-month copper price on the London Metal Exchange was higher at the close of trading on Monday January 13, settling at a nine-month high against moderate volumes traded, while aluminium futures stagnated despite tumbling exchange stocks.Copper's underlying price on the LME closed at $6,290 per tonne on Monday afternoon, its highest settlement price since April 2019, while its daily trading...Read More

The three-month nickel price on the London Metal Exchange improved during morning trading on Monday January 13, with upward momentum supported by a fresh cancelation of some 4,434 tonnes, while continued outflows did little to move a steady aluminium price. Nickel's outright price on the LME was recently seen up by 0.5% at $14,295 per tonne, while trading volumes topped the complex over the mornin...Read More

China's new policy to rename certain copper scrap, brass scrap and aluminium scrap as "recyclable raw materials" will take effect in July 2020, according to an official document seen by Fastmarkets. The criterion for eligibility has been approved by bureaus including the State Administration for Market Regulation and will be publicly announced in the next 20 days. Well informed sources told Fastma...Read More

Here are five Fastmarkets MB stories you might have missed on Monday January 13 that are worth another look.Sentiment in the global long steel market has become more positive "especially after the announcement that a trade deal between the [United States] and China will be signed," the International Rebar Producers & Exporters Association (Irepas) said last week.International auditing and advisory...Read More

Jack ChanPosted Jan 13, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term SELL signal.Short-term signals can last for weeks and are more suitable for traders.Speculation is at a new high.Silver speculation is at levels of previous tops.Our ratio is now o...Read More

The US is also reportedly set to drop its designation of China as a currency manipulator just ahead of the deal.Meanwhile precious metal rhodium, more valuable than gold, has surged 31% this month and reached its highest point since 2008, at US$8,200 an ounce last week, Bloomberg reported.The metal is mainly used in autocatalysts and stricter emissions rules have fuelled a multi-year rally, amid s...Read More

The change comes about a year since announcing a goal to become a leader in the North American vanadium space, with those plans since terminated but subject to legal action which Regency believes hasRead More

Vancouver, BC - good natured Products Inc. (TSX-V:GDNP) (the "Company" or "good naturedTM"), today announced preliminary and unaudited revenue estimates ("Preliminary Revenue") for the fiscal year ending December 31, 2019 ("FY2019").Preliminary Revenue for FY2019 is anticipated at $9.9 millionto $10.2 million, an increase of 94% to 100% compared with the year ended December 31, 2018. Gross margin...Read More

Keto will relocate to Copenhagen to begin the role early July following the retirement of the company's current mining president Manfred Schaffer.Keto has worked at Metso, a Finnish industrial machinery firm, for 10 years. For the past two years has run the company's mineral services and pumps division. Before Metco, Keto held senior roles at Kone Corporation and Nokia.FLSmidth's CEO Thomas Schulz...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended January 10. US Key drivers  Weak spot demand in the United States continued to weigh on the grade 5-5-3 delivered price, which fell to $0.91-94 per lb. The monthly spot price had fleetingly stabilized in November at $0.96-1.02 per lb.  Buyers remain well supplied with annual contract material pric...Read More

Manganese alloys prices in Europe and India increased in the week to Friday January 10 against steady increases in manganese ore markets since early December, although industry sources believe further increases will be limited due to relatively soft consumer demand.In Europe, the silico-manganese lumpy 65-75% Mn, basis 15-19% Si (scale pro rata), major European destinations market price climbed by...Read More

By: Gary SavageAnother secular bull market in gold underway. Long basing phase is over, lots of volatility back and forth.. 7 minute long video with long-term gold chart view.https://blog.smartmoneytrackerpremium.com/Read More

Clive MaundIt has been a week of surprises since the last updates were posted. First, I had not expected Iran to retaliate following the murder of its top General by a US drone, but it did, despite the risks, as it was politically necessary to assuage the extreme anger of its population who demanded revenge. The next surprise was that Israel and the US did not use this retaliation as an excuse t...Read More

Turkish steel mills continued to hold back from deep-sea scrap purchases on Monday January 13, due to weak rebar markets and firm scrap prices, sources told Fastmarkets.Steelmakers in the country booked only one deep-sea cargo last week, when a steel mill in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 15,000 tonnes of bonus...Read More

Ferrous scrap prices in most global markets dipped on weaker demand during the week ended Friday January 10, but the Indian market remained strong.Turkish market dips on fewer trades United States prices unchanged Limited buying sees Vietnam prices drop Taiwan prices down on weaker demand Indian prices continue to increase TurkeyPrices for ferrous scrap into Turkey fell this week, with only o...Read More

Sentiment in the Turkish domestic scrap market turned negative over the past week due to weakening local finished long steel prices, sources told Fastmarkets on Monday January 13.Domestic long steel prices fell slightly due to the recent strengthening of the Turkish lira against the US dollar.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic,...Read More

Despite uncertainty surrounding downstream demand, the price of cobalt sulfate in China has jumped by more than 12% so far this year, with suppliers either offering the material at aggressively high levels or holding back from sales.Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China was 49,000-51,000 yuan ($7,080-7,369) per tonne on Friday January 10, up by 5,000-6,000 yuan...Read More

Share this articleVANCOUVER - Teck Resources Ltd. has signed a deal with Ridley Terminals Inc. that will allow it to increase shipments of steelmaking coal from its B.C. operations.Ridley Terminals owns and operates the marine bulk handling terminal on Prince Rupert's Ridley Island on B.C.'s north coast.The agreement increases contracted capacity from three million tonnes per year to six million t...Read More

Share this articleVANCOUVER - Newmont Corp. is boosting its quarterly dividend by 79 per cent while also dropping reference to Canadian company Goldcorp as part of a centenary-year rebranding.The Denver-based company says the dividend will increase to 25 cents per share.It was only in April last year that Newmont changed its name to Newmont Goldcorp Corp. after it closed a takeover of the Vanco...Read More