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BASE METALS WARRANT REPORT 27/05

May 28, 2020 / www.metalbulletin.com

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 27.Read More

LIVE FUTURES REPORT 27/05:LME aluminium holds above $1,500/t despite 19kt fresh inflow

May 28, 2020 / www.metalbulletin.com

The London Metal Exchange three-month aluminium price held above $1,500 per tonne during morning trading on Wednesday May 27, despite a fresh inflow of 19,275 tonnes of material into LME sheds in Malaysia as of 9am.The LME three-month aluminium contract was the only base metal to make modest gains this morning, most recently trading around $1,522 per tonne, up $2.50 per tonne from the previous day...Read More

MORNING VIEW: Markets mixed; rebound hopes running high, but participants remain nervous about US response to China over Hong Kong

May 28, 2020 / www.metalbulletin.com

Broad markets and the metals were mixed this morning, Wednesday May 27, while participants brace for what United States President Donald Trump's response will be to China's plans to impose national security laws in Hong Kong, which he said will be announced by the end of the week. China's CSI 300 and Hong Kong's Hang Seng indices were weaker this morning, while in other areas the focus seems to be...Read More

Cobalt hydroxide payables extend gains amid tightening nearby availability

May 28, 2020 / www.metalbulletin.com

Cobalt hydroxide payables continued to climb in the first half of the week, with buyers accepting higher offers and the market for June and July cargoes tightening considerably after the past two weeks of restocking. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China rose to 65-67% of the standard-grade metal price (low-end) on Wednesday May 27, up from 64-66% on Friday May 22....Read More

TITANIUM SNAPSHOT: Alloy market eases, but seen recovering

May 28, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday May 27.Key drivers Europe ferro-titanium market drops 20 cents over the week, breaking a steady run of prices for seven straight weeks, amid quiet spot business activity. Deals reported as low as $4.20 per kg, although the bulk of assessments put the price range a bit higher.Expected renewed demand from consumers in the steel sector...Read More

CHINA ANTIMONY SNAPSHOT: Subdued demand, financial strains weigh on domestic market

May 28, 2020 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in China on Wednesday May 27. Key driversDomestic price slid after some producers cut offers further to secure business and generate cash to mitigate their financial strains. A number of other suppliers were reluctant to lower their offers much due to suffering losses at the current price.Many domestic consumers refrained from replenishment this...Read More

Maple Gold Mines extends gold mineralization at Douay

May 27, 2020 / www.northernminer.com

Drilling within the Porphyry zone at Maple Gold Mines' (TSXV: MGM; US-OTC: MGMLF) 355-sq.-km Douay project in northern Quebec has intersected mineralization outside of the existing resource model.The company has released assay results for two holes. Drill highlights include 17 metres of 1.91 grams gold per tonne starting at 189 metres downhole from hole 20-283 as well as a number of gold zones wit...Read More

Lundin Gold to raise $50M in bought deal financing

May 27, 2020 / www.northernminer.com

BMO Capital Markets will buy 4.15 million common shares of Lundin Gold (TSX: LUG) at $12.05 per share in a bought deal financing that will raise $50 million for the Vancouver-based gold miner. The deal includes an overallotment option for up to 15% of the offering.Newcrest Mining (ASX: NCM), which owns 32% of the company, and Orion Mine Finance, which has an 11% stake, have exercised their rights...Read More

Vale ordered to set aside US$1.5B for damages from tailings dam disaster

May 27, 2020 / www.northernminer.com

A judge in the Brazilian state of Minas Gerais has partially granted an injunction sought by prosecutors by ordering Vale (NYSE: VALE) to set aside 7.9 billion reais (US$1.5 billion) to pay potential fines related to the tailings dam collapse that killed 270 people last year.The figure adds to the 1 billion reais (US$260 million at the time) in frozen funds a federal court ordered Vale to pay affe...Read More

Palladium One outlines drill target at LK in Finland

May 27, 2020 / www.northernminer.com

Palladium One (TSXV: PDM; US-OTC: NKORF) has traced a new drill target within its wholly owned Lantinen Koillismaa (LK) project in Finland, 190 km northeast of Oulu.The latest target is within the Haukiaho East induced polarization (IP) survey grid, which covers 1.6 km within the 17-km long prospective Haukiaho trend. According to the company, the anomaly covers the entirety of the geophysical gri...Read More

Pandemic to worsen copper glut during next 18 months

May 27, 2020 / www.northernminer.com

A global copper surplus currently in the making is expected to get worse in the next 18 months as market disruptions have created greater uncertainty in the factors affecting supply and demand for the metal, a market's insider report shows.According to the International Wrought Copper Council (IWCC), which represents copper and copper alloy producers, supply is expected to surpass demand by 285,00...Read More

Talon Metals closes private placement to advance Tamarack project in Minnesota

May 27, 2020 / www.northernminer.com

Talon Metals (TSX: TLO; US-OTC: TLOFF ) has raised $4 million in a non-brokered private placement of more than 40 million common shares at a price of 10 ? a share.The funds will be used to advance its Tamarack nickel-copper-cobalt project in north-central Minnesota, about 89 km west of Duluth and 210 km north of Minneapolis.Resource Capital Funds participated in the offering, purchasing 21.13 mill...Read More

Silver One expands Candelaria in Nevada

May 27, 2020 / www.northernminer.com

Drilling at Silver One Resources' (TSXV: SVE; US-OTC: SLVRF) Candelaria project in Nevada has expanded higher-grade mineralization between the past-producing Mount Diablo and Northern Belle pits at depth and confirmed near-surface lower-grade mineralization around the two pits.The company has recently drilled nine holes at the project. Highlights include 8 metres of 237 grams silver per tonne; 19...Read More

Sama Resources releases study for nickel-copper project in Cote d'Ivoire

May 27, 2020 / www.northernminer.com

A preliminary economic assessment (PEA) of the Samapleu nickel-copper project in Cote d'Ivoire estimates production of 14,100 tonnes copper concentrate per year over a 20-year mine life from three open pits, Sama Resources (TSXV: SME; US-OTC: SAMMF) says.The early-stage study envisions a plant that would process 2.4 million tonnes per year of run-of-mine mineralized material to produce 39,000 tonn...Read More

Lessons learned

May 27, 2020 / www.mining-journal.com

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesAs the old saying goes, one shouldn't let a good crisis go to waste, and gosh hasn't this one been a beaut. Most people, mysel...Read More

Pandemic to worsen #copper glut during next 18 months

May 27, 2020 / bit.ly

IWCC expects global copper surplus to hit 285,000 tonnes this year and 675,000 tonnes in 2021.Read full newsRead More

#Yuan Crashes To Record Lows, #Stocks Tank As Chinese Megacap Delistings Loom

May 27, 2020 / www.zerohedge.com

Is the move a precursor to Chinese company delistings from US exchanges.Read full newsRead More

RT @GreenlaneBiogas: Greenlane (#TSXV: $GRN) announces Q1 results [

May 27, 2020 / www.greenlanerenewables.com

Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More

Barrick (GOLD) Resumes Gold Concentrate Shipments from Tanzania

May 27, 2020 / dlvr.it

Since acquiring North Mara, Barrick (GOLD) is focused on improving the mine's water management with special importance on its tailings storage facility.Read full newsRead More

Accredited Investors Can Now Invest In Bitfury's Bitcoin Mining Farms

May 27, 2020 / dlvr.it

The program, which gives investors alternative exposure to Bitcoin via mining hardware, is available to accredited investors around the world.Read full newsRead More

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