Seaborne iron ore prices rose moderately on Friday December 13 amid gains in the derivatives market and the persistent decline in port stockpiles in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.63 per tonne, up $0.61 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.72 per tonne, up $0.61 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.35 per tonne, up $0.72 per tonne...Read More
Broader markets are upbeat this morning, Friday December 13, because hopes are running high that a preliminary United States-China trade will be signed before new tariffs come into force on Sunday as well as following the United Kingdoms general election result that means a Brexit deal moves forward.In a post on social media platform Twitter, US President Donald Trump said: Getting ver...Read More
Seaborne coking coal prices were largely stable on Friday December 13. Market sources reported a transaction involving a cargo of pulverized coal injection (PCI) this week.Fastmarkets indicesPremium hard coking coal, fob DBCT: $136.58 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $147.70 per tonne, down $0.26 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard cokin...Read More
Galena provides a leading lightSPONSOREDgalena miningKalia said the incident occurred around midday yesterday.Read More
China's hot-rolled coil exporters raised their offers on Friday December 13 amid a relatively strong domestic market, though prices in the later did not rise further during the day.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($555-557) per tonne, unchangedNorthern China (Tangshan): 3,640-3,650 yuan per tonne, widening downward by 10 yuan per tonneA Shanghai-based trader said trading activit...Read More
Southwestern China's Kunming Intermediate People's Court is auctioning all of the indium stocks once held by the defunct Fanya Metal Exchange, according to an official notice published via the Alibaba judicial online platform on Friday December 13. The auction for 3,609.5 tonnes of indium is scheduled to begin at 10am Shanghai time on December 29 and will end at the same time on the following day....Read More
China's rebar prices moved down in both the domestic and export markets on Friday December 13 amid inactivity. Eastern China (Shanghai): 3,870-3,900 yuan ($555-559) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,570-3,590 yuan per tonne, down 10 yuan per tonneStockists with a lot of inventory lowered their offers to stimulate sales in anticipation of prices falling even further.But b...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Index futures responded to a first stage trade agreement between the U.S. and China and election of a majority government in the United Kingdom.Index futures moved slightly higher following release of the November U.S. Retail Sales Report at 8:30 AM EST. Consensus was an increase of 0.5%...Read More
An overview of the minor metals markets and their latest price moves.Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
The price of stainless steel flat products in Europe was unchanged this week but lower prices are expected in light of poor demand and high stock levels, sources told Fastmarkets on Friday December 13. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?2,130-2,150 ($2,372-2,394) per tonne...Read More
Austenitic alloy steel scrap prices in the UK domestic market were either stable or narrowed downwards despite nickel prices rising, with poor demand ruling out any increases, sources told Fastmarkets on Friday December 13. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK was ?720-780 ($950-1,030) per tonne on Friday, unchanged week on week. Fa...Read More
Prices in Southeast Asia's steel billet market jumped on Friday December 13 amid the continued presence of Chinese importers in the spot market and an upswing in scrap prices in the bellwether Turkish market. At least 35,000 tonnes of Malaysian and Vietnamese billet have been sold to China at $433-435 per tonne cfr since last week. Billet from Southeast Asia is preferred among Chinese importers du...Read More
December 13, 2019 - Brixton Metals Corporation (the “Company”) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce the closing of the second tranche of its previously announced private placement on November 6, 2019 of common shares and flow-through common shares of the Company for gross proceeds of $512,324.00 (the “Private Placement”) through the issuance of 1,926,350 flow-t...Read More
The past year was a time of growth and transformation for many mining and exploration companies. Here's a list of eight companies with milestones to hit next year. Barrick GoldBarrick Gold's Cortez gold mine, 100 km southwest of Elko, Nevada. Credit: Barrick Gold.Barrick Gold (TSX: ABX, NYSE: GOLD), one of the world's largest gold miners, has operations in the U.S., Canada, the Dominican Republic,...Read More
With the mining sector generating 14% of Canada's greenhouse gas (GHG) emissions, the presence of climate change presents the sector with both opportunities and risks. The transition to a low-carbon economy will require substantial development of low-carbon substitutes for aviation, shipping, and road freight, the development of biofuels, and the scaling up of carbon capture and storage. Fortunate...Read More
This year marks the 150th anniversary of the periodic table, which UNESCO has dubbed the International Year of the Periodic Table of Chemical Elements. Developed in 1869 by Dmitri Mendeleev, a Russian chemist and inventor, the periodic table is the foundation on which nearly all modern science is based. Even in its earliest form, Mendeleev used his newfound creation not only to hypothesize the pro...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesTulkubash, Kyzyltash to add 400,000ozpa to Chaarat profileSPONSOREDThe updated Mining Journal World Risk Report (feat. MineHutte ratings), published in October, rated the Democratic Republic of the Congo (DRC) as the...Read More
Peter Grosskopf, CEO of Sprott Inc, joins BNN Bloomberg for a look at the M&A activity happening within the Canadian gold sector. He says that while big names like Barrick and Newmont have gone through major acquisitions this year, we can see a large number of junior miners acquired in 2020.Read full newsRead More
". @BlackRockMining is an Australian based company listed on the Australian Securities Exchange. The Company has a 100% interest in the Mahenge Graphite Project located in Tanzania.We're delighted to have them join us at #MJS Sydney next year! https://t.co/pe0L0eCQrs"Read full newsRead More