Steady buying of the three-month zinc contract on the London Metal Exchange took the price above $2,000 per tonne on Thursday May 7 for the first time since March 11. Zinc's outright price on the LME was recently at $2,008.50 per tonne, building on gains made over Wednesday afternoon, while turnover was high at some 4,000 lots exchanged by 10am London time. This comes despite well-stocked LME zinc...Read More

A summary of Hong Kong Exchanges & Clearing's (HKEX) results for the first quarter of 2020. In brief:  Revenue and other income was 7% lower than the first quarter of 2019.  Core business revenue was up 19% year on year, driven by a 20% increase in headline average daily trading volume (ADV), which yielded an increase in trading and clearing fees.  Profit attributable to shareholder...Read More

Broader markets were mixed this morning, Thursday May 7 after Wednesday's employment data in the United States knocked market confidence, but with a barrage of data expected today and Friday, the market is braced for a reality check. Not, all the data released so far has been bad though; the all-important Chinese trade data for April showed a surprise 3.5% rise in exports compared w...Read More

Charles Li, chief executive of Hong Kong Exchanges and Clearing Ltd (HKEX) will not seek reappointment at the end of his current contract, the exchange announced on Thursday May 7.It means Li will leave his role as CEO of HKEX, which owns the London Metal Exchange, in October 2021.Li confirmed his full commitment to continuing to lead the organization until that date, or earlier, should a...Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt, standard-grade, in-whs Rotterdam, $ per lb.Click here for Fastmarkets' price assessment for cobalt, alloy-grade, in-whs Rotterdam,...Read More

Key data from Fastmarkets' pricing session in London on Thursday May 7.Key drivers Cobalt metal prices remained under pressure from weak demand, trading at levels last seen in August 2019, according to Fastmarkets data. Sellers have steadily reduced their offers in order to lock-in scarce spot sales, although prices were not yet considered...Read More

The Potos?- zinc and lead mining region in Bolivia will remain closed until at least May 31, according to a recent announcment by its mayor, Luis Alberto L??pez.The announcement, reported in regional newspaper El Potos?-, was an extension of previous guidelines and included mining. Industry in the area has been locked down since late March because...Read More

A summary of Canadian minor metals and specialty chemicals producer 5N Plus fiscal results for the first quarter of 2020. In brief:  5N Plus improved net earnings due to expansion into products with higher value-added content, but revenue was down as a result of relatively lower metal prices for the period. Overall sales volumes were higher year on year.  Mandatory plant shutdowns ordere...Read More

A summary of stainless steel producer Aperam's results for the first quarter of 2020.In brief Sales, shipments and adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) were down year on year due to the coronavirus-driven downturn.The company reported a "seasonally...Read More

The spot copper concentrate market continued to trade at lower treatment and refining charges (TC/RCs) in the week to Thursday May 7. Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific dropped to $50.4 per tonne / 5.04 cents per lb on Thursday and is now down by 23.3% month on month from $65.70 per tonne / 6.57 cents per lb on April 3. Deals reported to Fastmarkets show Chinese s...Read More

Equinox Gold (TSX: EQX; NYSE-AM: EQX) has released the results of a preliminary economic assessment (PEA) on an underground development within its Aurizona mine site in northeastern Brazil.The early-stage study suggests a feed contribution of 2,800 tonnes per day from the Piaba underground to the existing 8,000-tonne per day plant at the site. This incremental operation would deliver an additional...Read More

Australia-based Tempus Resources (ASX: TMR) has raised A$4 million (US$2.6 million) in a private placement to fund exploration work at its Blackdome-Elizabeth project in B.C., Canada and at its Zamora project in Ecuador.Sprott Asset Management and an Asia-based specialist natural resources fund participated in the financing, which issued a total of 26.17 million common shares at a price A15.3 ? pe...Read More

The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More

Copper Mountain Mining (TSX: CMMC) has improved the economics of its Eva copper project in Queensland, Australia, with an updated feasibility study showing a longer mine life, increased production and lower cash costs.Compared with a feasibility completed in 2018, the new study has increased the mine life by three years to 15 years, boosted annual production by 25% to 100 million lb. copper, and d...Read More

The European Commission (EC) might start an anti-dumping case into imports of hot-rolled coil originating from Turkey, market sources told Fastmarkets on Thursday May 7.European steel association Eurofer has lodged a complaint with the EC, alleging that HRC has been exported from Turkey at dumped prices."In April 2020, a new [anti-dumping] investigation was opened into HRC from Turkey," ArcelorMit...Read More

Anglo American (LSE: AAL) is speeding up its exit from thermal coal and plans to spin off its South African coal unit within the next three years.Mounting pressure from investors, regulators and environmental organizations has pushed miners to either sell coal assets or to limit their exposure to the fossil fuel in recent years.The diversified miner, which has consistently been offloading coal ope...Read More

Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF) has released results from a winter drill program at its wholly owned Golden Highway project, 110 km east of Timmins, Ontario.The project has six known deposits: South West, West Block, Windjammer North, 55, Windjammer South and Discovery. The property is within trucking distance of six existing mills that have excess capacity for toll milling, but th...Read More

GoldMining (TSX: GOLD; US-OTC: GLDLF) has released a pit-constrained maiden resource estimate for the Yarumalito project, 75 km southwest of Medellin, Colombia, with total inferred resources of 66.3 million tonnes grading 0.7 gram gold-equivalent per tonne for a total of 1.5 million gold-equivalent ounces.Notably, this statement includes 9.1 million tonnes at 0.66 gram gold-equivalent per tonne of...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootA company should develop any project with a positive net present value and as many of them as it is luck...Read More

Paul Brink, president and CEO of Franco-Neveda joins BNN Bloomberg to discuss their Q1 earnings and how the company has managed to increase their dividend amid COVID-19 uncertainty.Read full newsRead More