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Steelmaking Raw Materials Trade Log, November 27, 2019

November 28, 2019 / www.metalbulletin.com

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials....Read More

COKING COAL DAILY: Seaborne coking coal prices inch up

November 28, 2019 / www.metalbulletin.com

Seaborne coking coal prices moved up on Wednesday November 27, driven by buying activity from China.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133 per tonne, up $0.30 per tonnePremium hard coking coal, cfr Jingtang: $147.49 per tonne, up $2.10 per tonneHard coking coal, fob DBCT: $120.70 per tonne, unchangedHard coking coal, cfr Jingtang: $130.25 per tonne, unchang...Read More

Copper glut and price-fall warning

November 27, 2019 / www.mining-journal.com

Galena provides a leading lightSPONSOREDgalena miningThat gloomy view, in the latest copper-market analysis from Credit Suisse, is at odds with how some other banks and hedge funds see the outlook for copper which is the metal most directly plugged intoRead More

Mexico resists proposed sub-contracting restrictions

November 27, 2019 / www.mining-journal.com

Sarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources The initiative, led by former mining union leader senator Napoleón Gomez, seeks to reform the federal work and social security law to ban outsourcing except for activities that expressly require a specialisation beyond the core activity of the contractor.Senator Gomez, who is openly critical of the pr...Read More

Sherlock reveals more to Kintavar

November 27, 2019 / www.mining-journal.com

Galena provides a leading lightSPONSOREDgalena miningIt said the final set of results from summer exploration had extended the Sherlock corridor further to the west, while the Columbo zone to the east opened a new frontier for surface exploration inRead More

Regulus receives Anta Norte drill platform permit

November 27, 2019 / www.mining-journal.com

Sarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources The company's geological hypothesis is that it will encounter more mineralisation to the north of AntaKori in the area now permitted for drilling where there are various geophysical anomalies which it believes may represent mineralization related to a porphyry centre (the magnetic low) surrounded by an annul...Read More

Consolidating Tuesday's gains; data-heavy day ahead of Thanksgiving may led to choppy trading

November 27, 2019 / www.metalbulletinresearch.com

Further positive signs of a phase one trade deal between the United States and China boosted sentiment across a broad selection of markets on Tuesday November 26, and that included most of the base metals, but so far today metal prices have generally been consolidating.US equity markets climbed to fresh highs on Tuesday after US President Donald Trump said the US and China are close to agreeing a...Read More

MORNING VIEW: LME base metals prices consolidate Tuesday's gains; data-heavy day ahead of Thanksgiving may lead to choppy trading

November 28, 2019 / www.metalbulletin.com

Further positive signs of a phase one trade deal between the United States and China boosted sentiment across a broad selection of markets on Tuesday November 26, and that included most of the base metals, but so far today metal prices have generally been consolidating.US equity markets climbed to fresh highs on Tuesday after US President Donald Trump said the US and China are close to agreeing a...Read More

LIVE FUTURES REPORT 27/11: SHFE base metals prices shrug off further positive trade news; Cu up 0.5%

November 28, 2019 / www.metalbulletin.com

Base metals prices on the Shanghai Futures Exchange were mostly down during the morning trading session on Wednesday on November 27, with only copper and zinc registering slight gains.The lackluster performance by the SHFE base metals this morning comes despite more positive news over an initial trade agreement between the United States and China.US President Donald Trump said on Tuesday that the...Read More

GLOBAL ALUMINIUM WRAP: US Midwest premium falls further; rate for Italian P1020A at 3-year low

November 28, 2019 / www.metalbulletin.com

The premium for aluminium P1020A in Italy hit a three-year low in the week ended Tuesday November 26, while the premium in the United States continued to decline amid bearishness stemming from the persistent backwardation in London Metal Exchange forward price spreads.US Midwest premium down by 18.4% since JanuaryEuropean traders still watching LME spreadsMJP participants focused on Q1 negotiation...Read More

Tech Talk for Wednesday November 27th 2019

November 26, 2019 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Equity index futures moved slightly higher following release of economic news at 8:30 AM EST. Consensus for October Durable Goods Orders was a drop of 1.0% versus a decline of 1.2% in September. Actual was an increase of 0.6%. Excluding transportation orders, consensus for October Durable...Read More

CHINA COBALT SNAPSHOT: Sulfate restocking supports price; weak physical demand weighs on metal price

November 28, 2019 / www.metalbulletin.com

Key data from the Wednesday November 27 pricing session in Shanghai. Key drivers  The Chinese cobalt sulfate price broke the eight-week downward streak, holding on fresh restocking appetite and producer reluctance to sell at lower levels amid strength in the metal's futures market. The cobalt metal contract price on the Wuxi Stainless Steel Exchange rose by nearly 1% on Wednesday after b...Read More

Glencore's Mutanda copper-cobalt mine shuts one month early

November 28, 2019 / www.metalbulletin.com

Miner-trader Glencore suspended operations at its Mutanda copper-cobalt mine in the Democratic Republic of Congo (DRC) early this week - a month earlier than previously expected.The premature suspension is said to be due to a shortage of sulphuric acid, a key component used in copper and cobalt extraction, market sources told Fastmarkets.Glencore had not responded to requests for comment at the ti...Read More

TITANIUM SNAPSHOT: Alloy, scrap markets in holding pattern

November 28, 2019 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday November 27. Key drivers The alloy and scrap markets were unchanged in the past week, with suppliers holding their offer prices in expectation of potential price increases on renewed demand for 2020 deliveries. The alloy price range held for a third consecutive week on muted trading since Fastmarkets' International Ferro-a...Read More

Turquoise Hill eyes legal clarity for Oyu Tolgoi expansion

November 27, 2019 / www.northernminer.com

In November, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reported that a lawsuit previously lodged by a Mongolian non-governmental organization (NGO) group was apparently upheld by the country's Administrative Court.The challenge, brought by NGO group Darkhan Mongol Nogoon Negdel, alleges due process was not properly followed in 2015 when the Government of Mongolia finalized the Oyu Tolgoi unde...Read More

Sun Metals advances Stardust

November 27, 2019 / www.northernminer.com

Sun Metals (TSXV: SUNM) has completed the final tranche of a $6.2-million bought-deal financing that will help it advance exploration at its wholly owned Stardust project, 250 km northwest of Prince George in British Columbia.Steve Robertson, the company's president and CEO, says the equity financing will help the company advance exploration of the 421 zone - an area of extensive skarn alteration...Read More

Tinka cuts high-grade zinc at Ayawilca in Peru

November 27, 2019 / www.northernminer.com

Vancouver-based Tinka Resources (TSXV: TK; US-OTC: TKRFF) has intersected several zones of high-grade zinc mineralization in the final hole of this year's drill program at its wholly owned Ayawilca zinc project, 200 km northeast of Lima in the Pasco region of Peru.Drill hole A19-168, an infill hole at South Ayawilca, returned an intercept of one metre grading 46.5% zinc from 125 metres, 26 metres...Read More

The value proposition

November 27, 2019 / www.mining-journal.com

Dark Horse could be 2020 bolterSPONSOREDdark horse resourcesUS takes long-term position on mineral supplySPONSOREDverisk maplecroftMacarthur's high-grade iron project set to rollSPONSOREDArtemis all set thanks to unique approachSPONSOREDartemis resourcesGoogle tells me there are 27 days until Christmas - which is slightly shocking as I seem to have only recently paid off the credit card from t...Read More

The 2019 World Risk Report: a comprehensive annual review of #mining risk, including a #jurisdiction-by-jurisdictio...

November 27, 2019 / twitter.com

"The 2019 World Risk Report: a comprehensive annual review of #mining risk, including a #jurisdiction-by-jurisdiction #ratings system and an assessment of general #business and #operating #risks and trends. Learn more- https://t.co/nJcI0EJF4i #aspermont #miningjournal #WRR2019"Read full newsRead More

David Harquail, CEO #FrancoNevada Corporation will be joining us at #MJS on 22-23rd June 2020! David is also Chair...

November 27, 2019 / twitter.com

"David Harquail, CEO #FrancoNevada Corporation will be joining us at #MJS on 22-23rd June 2020! David is also Chair of the @GOLDCOUNCIL and serves as a director of the @BMO.https://t.co/NOygAHIFEZ#MJS #MJSLondon #MiningJournalSelect #MiningInvestment"Read full newsRead More

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