Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Monday October 21, with a rebound in the dollar exerting some downward pressure on the complex.The US currency has recovered following a decline in the British pound after the UK parliament forced Prime Minister Boris Johnson to seek a delay to an October 31 deadline for Britain's departure from th...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftOn balance, and despite a totally understandable rejection of Guinea as an attractive in...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday October 18. ChinaKey drivers The Chinese export price for silicon was unchanged at $1,370-1,420 per tonne over past week, with sporadic deals heard within that price range.The strength in the domestic market has continued in China, with increases of around 100-200 yuan ($14-28) per tonne from last week in both the southern...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday October 18. China Key drivers The high end of the antimony, MMTA standard grade II, ddp China price range continued to rise after domestic suppliers increased their offer prices on lingering bullish sentiment. Trading activities waned after some consumers retreated from the market after completing st...Read More
A wave of nationwide protests has shaken Ecuador and investor confidence in the emerging mining jurisdiction.As part of President Lenin Moreno's US$4.2-billion financial deal with the International Monetary Fund to fix the oil-exporting nation's strained finances, the Ecuadorian government announced on Oct. 2 a package of austerity measures, including an end to four-decade-old fuel subsidies.Witho...Read More
The S&P/TSX Composite Index rose 0.30% to 542.43 during the trading week. Spot gold finished at US$1,489.60, up 80 ?.Novo Resources jumped 33 ? to $2.80. The company recently reported positive coarse gold recoveries from a bulk sample at its Egina project in Western Australia, and said the results "further confirm" its view that "surface gravels covering the vast erosional terrace at Egina have th...Read More
Cobalt sellers held firm with their offer prices last week when a round of smaller-tonnage consumer purchases made up the spot market. Fastmarkets' price assessment for cobalt, standard grade in-whs Rotterdam stood at $17.75-18.10 per lb on Friday October 18, narrowing from $17.70-18.15 per lb a week earlier. The assessment for cobalt, alloy-grade in-whs Rotterdam was unchanged week on week a...Read More
The S&P/TSX Composite Index fell 0.23% to 16,377.10. The S&P/TSX Global Mining Index lost 1.29% to 73.48 and the S&P/TSX Global Base Metals Index dropped 0.60% to 96.86. The S&P/TSX Global Gold Index rose 1.71% to 210.71, and spot gold remained relatively flat at US$1,489.60, up 80 ?.First Majestic Silver's shares jumped $1.28 to $13.46 on the back of third-quarter production results. The company...Read More
The Dow Jones Industrial Average fell 0.17% to 26,770.20, while the S&P 500 Index rose 0.54% to 2,986.20. Gold stayed relatively flat at US$1,489.60 per oz., up 0.05% for the week.Agnico Eagle Mines gained $1.96 to $54.18 per share. The gold miner recently announced commercial production at the Amaruq satellite deposit, 50 km northwest of its Meadowbank mine in the Kivalliq district of Nunavut. De...Read More
The tungsten market remained cautiously bullish in Europe and China in the week to Friday October 18 due to lingering positive sentiment and tightening concentrate supply in China. The Chinese ammonium paratungstate export price rose by 4.3% week on week in response to continued strengthening in the Chinese market, but some market participants said they expect further uptrend momentum to be limite...Read More
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