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DAILY SCRAP REPORT: Fresh US cargo sends indices down by $10

January 30, 2020 / www.metalbulletin.com

Turkish deep-sea scrap import prices declined sharply once again, following the fresh United States' cargo deal heard on Wednesday January 29.A steel mill in the Marmara region booked a cargo of 30,000 tonnes of HMS 1&2 (90:10) at $275 per tonne cfr, Fastmarkets was told. This would put the HMS 1&2 (80:20) price at $272 per tonne cfr, several market sources said. The US cargo was compared with the...Read More

COKING COAL DAILY: Spot trading stays muted

January 30, 2020 / www.metalbulletin.com

Seaborne coking coal market remained inactive on Wednesday January 29, with top spot buyer China on an extended New Year break due to the outbreak of the coronavirus.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.29 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $162.73 per tonne, unchanged ...Read More

IRON ORE DAILY: Prices drop while market mulls bearish downstream demand outlook, Brazil supply fears

January 30, 2020 / www.metalbulletin.com

The seaborne iron ore market was muted on Wednesday January 29, although market participants lowered their estimates for physical transaction prices in response to the sharp downward movement in the Singapore Exchange's derivatives for the steelmaking raw material a day earlier. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.84 per tonne, down $6.87 per tonne62% Fe low-alumina fines, c...Read More

Big new project set to ramp up, with cash positive status flagged to be reached early next year

January 29, 2020 / www.mining-journal.com

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAll-in-sustaining-costs were US99c per pound of copper, which OZ said put the project comfortably into the bottom quartile of operations globally.Read More

Oyu Tolgoi funding puzzle shows Rio Tinto...

January 28, 2020 / www.mining-journal.com

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaTurquoise is hardly an independent entity despite its separate listing as Rio controls 51% and operates the mine, where there have been embar...Read More

GLOBAL ZINC & LEAD WRAP: Southeast Asian zinc premiums rise on increased spot activity; US, Europe flat

January 30, 2020 / www.metalbulletin.com

Southeast Asian zinc premiums increased in the week to Tuesday January 28, with improved demand boosting spot activity, while dip-buying in the region's lead market failed to move premiums. The European and United States' zinc and lead markets remained flat. US zinc and lead premiums hold with slump in London Metal Exchange lead, while zinc futures fail to incite spot consumptionThe LME lead price...Read More

LIVE FUTURES REPORT 29/01:LME aluminium price capped by 26.5kt fresh inflow

January 30, 2020 / www.metalbulletin.com

Upside potential in the London Metal Exchange three-month aluminium price was capped during morning trading on Wednesday January 29, dampened by a significant 26,525-tonne fresh inflow of material into LME-approved sheds in Port Klang, Malaysia.This was tempered by a 12,600-tonne outflow at the same time, 12,450 tonnes of which left Asian warehouses, and a further 17,825-tonne fresh cancelation in...Read More

MINOR METALS MARKET REPORT 29/01: Manganese flake price rises on tightness in Rotterdam, growing worries over Wuhan virus

January 30, 2020 / www.metalbulletin.com

An overview of the minor metals markets and their latest price moves.Read More

TITANIUM SNAPSHOT: Alloy price widens amid slower trading

January 30, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday January 29.Key drivers The price range for ferro-titanium has widened over the past week with slower trading activity resulting in lower-priced deals done in Europe, while UK trading was done at around the top end of the range. The move marked the first change in the alloy price range since December 18, although the scrap markets ha...Read More

PRICING NOTICE: Friday Jan 31 China-focused minor metals, ores & alloys content and pricing

January 30, 2020 / www.metalbulletin.com

Due to the enforced extension of China's Lunar New Year holidays, Fastmarkets will roll over the following minor metals, ores and alloys price assessments on Friday January 31.MB-BI-0002 - Bismuth 99.99% Bi min, in-whs China, yuan/tonneMB-CO-0001 - Cobalt 99.8% Co min, ex-works China, yuan/tonneMB-CO-0017 - Cobalt sulfate 20.5% Co basis, exw China, yuan/tonneMB-CO-0012 - Cobalt tetroxide 72.6% Co...Read More

Tech Talk for Wednesday January 29th 2020

January 29, 2020 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.Investors are waiting for an FOMC statement on interest rates to be released at 2:00 PM EST. The Fed Fund rate is expected to remain unchanged at 1.75%.Apple added $5.47 to $323.16 after reporting higher than consensus fiscal first quarter revenues and earnings.eBay dropped $0.94 to $35.2...Read More

Equinox-Leagold merger creates US$1.75B gold miner

January 29, 2020 / www.northernminer.com

Equinox Gold (TSX: EQX) and Leagold Mining (TSX: LMC) said on Wednesday that shareholders of both companies have approved their merger, creating an America-focused gold miner with a market capitalization of about US$1.75 billion.The deal, announced in December, adds Leagold's four mines in Mexico and Brazil to Equinox's portfolio, which consists of two mines in California and one in Brazil.As part...Read More

Osisko releases data on longest diamond drill hole in Canadian history

January 30, 2020 / www.northernminer.com

Osisko Mining (TSX: OSK) has released results from the completed Discovery 1 diamond drill hole, the longest diamond drill hole drilled to date in Canada. This hole reached a length of 3,467 metres and targeted down-plunge extensions of the gold zones at Windfall, as well as the projected source of the deposit at depth.The most recent intersections of note from this drill hole include 96 metres of...Read More

RNC identifies new gold structure at Higginsville

January 30, 2020 / www.northernminer.com

A recent gravity survey completed at RNC Minerals' (TSX: RNX) Higginsville gold operation (HGO) has delineated a 5-km long prospective structure located north of the HGO mill. This structure appears to run sub-parallel to the major regional shears that control the gold distribution in the region."Although early-stage, our interpretation of the potential size of this new structure is an exciting d...Read More

UK regulation not fit for purpose

January 29, 2020 / www.mining-journal.com

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaI may have mentioned some months back, I think, the moment my dear daughter discovered alcohol.Read More

Geopolitical tensions burnish gold's allure in 2020

January 29, 2020 / www.northernminer.com

Gold is poised to perform strongly in 2020, with geopolitical risk set to remain elevated, metals and mining research and consultancy group Wood Mackenzie said Tuesday.Miners are set to enjoy bumper margins and the trade-off between investing for the long-term and returning money to shareholders will be acutely apparent.It is crucial that miners capitalise on this moment in the spotlight to secure...Read More

Freeport CEO 'looking forward' to deals once expansion projects done

January 29, 2020 / reut.rs

Freeport-McMoran Inc , the world's largest publicly traded copper producer,...Read full newsRead More

#Tesla Explodes Higher After Crushing Expectations, Guiding Above 500,000 Deliveries In 2020 | Zero Hedge $TSLA

January 29, 2020 / www.zerohedge.com

It doesn't look like the relentless Tesla juggernaut is stopping any time soon...Read full newsRead More

Freeport CEO 'looking forward' to deals once expansion projects done

January 29, 2020 / reut.rs

Freeport-McMoran Inc , the world's largest publicly traded copper producer,...Read full newsRead More

First Mining Partners with Auteco to Advance its Pickle Crow Gold Project

January 29, 2020 / dlvr.it

January 27, 2020 (ACCESSWIRE via COMTEX) -- VANCOUVER, BC / ACCESSWIRE / January 27, 2020 / First Mining Gold Corp. (Read full newsRead More

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