Prices for seaborne premium low-vol coking coal weakened on Wednesday November 6 amid deteriorating sentiment.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.29 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $146.16 per tonne, down by $0.53 per tonneHard coking coal, fob DBCT: $123.21 per tonne, unchangedHard coking coal, cfr Jingtang: $134.34 per tonne, unchangedLow-vol P...Read More

Brazil's national mining agency, ANM, has concluded that Vale failed to report anomalies before a deadly disaster breach occurred at a tailings dam in its C??rrego do Feij??o mine in January.ANM published a technical report on Tuesday November 5 in which it said internal documents from Vale showed that the miner was aware of several defects in the tailings dam but did not inform the agency before...Read More

London Metal Exchange three-month base metals prices were broadly trading down in the morning session on Wednesday November 6, suppressed by low trading volumes despite stocks flowing out across all the metals today. The LME three-month copper price notably abated during the morning session, trading down to around $5,921.50 having hit a high of $5,978 per tonne yesterday while turnover for the day...Read More

Export prices for Chinese hot-rolled coil strengthened further on Wednesday November 6 amid rising domestic prices and higher bids emerging among overseas buyers.DomesticEastern China (Shanghai): 3,540-3,550 yuan ($505-506) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan): 3,540 yuan per tonne, up 20 yuan per tonneSellers in eastern China raised their prices after mills in the northern...Read More

Broader markets were little changed this morning, Wednesday November 6, while participants await further news on the likelihood of a "phase one" trade deal between the United States and China. For now it seems as though the market has priced in as much as it wants to, given how trade rhetoric can flip-flop so easily.Asian equities were mixed, suggesting some consolidation has started to set in.Chi...Read More

Polymetal building with good momentumSPONSOREDpolymetal internationalDuring the results conference call president and chief executive Mark Bristow stressed the need for miners to take heed of social movements if they wanted to continue to exist.Read More

Copper was the lone base metal on the Shanghai Futures Exchange to record a gain during the morning trading session on Wednesday November 6, with growing supply concerns providing support.The most-traded December copper contract on the SHFE stood at 47,310 yuan ($6,746) per tonne as at 10.20am Shanghai time, up by 60 yuan per tonne - or 0.1% - from Tuesday's close of 47,250 yuan per tonne.Despite...Read More

Look beyond market approach to project valuations: van ZylLeadershipNordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalThe leading independent mining consultancy valued the project in a range of US$108-233 million, with a "preferred" estimate of $173...Read More

An overview of the minor metals markets and their latest price moves.Read More

Chinese buyers' appetite for imported cobalt metal is likely to shrink in the near future because domestic supply is increasing and there is little room for demand to increase, market participants told Fastmarkets. Cobalt production in China is estimated to reach 9,300 tonnes in 2019, up 17% from last year, Zhanrong Kong, senior analyst from Antaike told delegates at Antaike's International Nickel...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday November 6.Key drivers Alloy price range widens upward on reported deals, although overall spot demand remains muted. Trading liquidity was reported, with deals being done at both ends of the new pricing range, although some sources reckon that a move lower is more likely than not in the near future because some suppliers expect to...Read More

Despite a recent slowdown in the development of nickel-rich lithium ion batteries for use in the electric vehicle (EV) sector, certain types of these batteries will continue to penetrate the market due to so called "driving range anxiety", according to the chairman of Ningbo Ronbay New Energy Technology Co.Addressing delegates at the China International Nickel & Cobalt Conference in Yichang, centr...Read More

U.S equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Index futures were virtually unchanged following release of the initial estimate of third quarter non-farm Productivity. Consensus was an annualized growth rate of 0.9% versus an annualized growth rate at 2.3% in the second quarter. Actual was a deficit of 0.3%. HP Inc. gained $1.40 to $19....Read More

The Brazilian foreign trade secretariat, Secex, has exempted Germany, South Korea, Finland and Vietnam from an anti-dumping tariff on stainless cold-rolled coil imports, but retained it for China and Taiwan.After a one-year review, Secex decided to extend the tariff on Chinese and Taiwanese products until October 2024. The tariff has been in effect since 2013, which resulted from an application ma...Read More

Editor's Note:Today, I want to bring you a special message from Brian Rose.Brian is a colleague of mine. He worked as a banker and trader in London and on Wall Street for over a decade, but found the "Wall Street" life hollow and unfulfilling. Instead, Brian found purpose in helping people transform their lives and achieve their full potential. He now hosts the London Real, and interviews personal...Read More

China has approved a sixth copper scrap import quota to allow an additional 11,110 tonnes of copper scrap into the country by the end of this year, the environmental ministry said on Tuesday November 5.The latest quota, 81% lower than the previous quota covering 57,365 tonnes announced on October 18, brings the total volume of copper scrap imports allowed into China in the second half of 2019 to 5...Read More

November 6, 2019 - Brixton Metals Corporation (TSXV: BBB) (OTCQB: BBBXF)  (the "Company" or "Brixton") announces a non-brokered private placement financing of up to $3,000,000 (the "Private Placement") through the issuance of any combination of common shares of the Company ("Shares"), flow-through shares of the Company (the "FT Shares") and charitable flow-through shares of the Company (the "...Read More

Joe FosterOf all the mining sectors, gold is possibly the most fragmented, and the gold industry and its investors would realize considerable benefits from consolidation. Brokerage Pollitt & Co. estimates that 50% of global iron ore and copper production comes from four and 10 companies, respectively, while 25 companies account for just 45% of total gold production. Technical talent seems to be sp...Read More

Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftI do love a good proverb, but sadly we don't seem to hear them as much as we once did.Read More

"First model with #BYD's #LFP super #battery might be presented end of 2020, BYD Auto Sales' GM says.The battery is expected to have 1.2 M km life cycle, allow > 600 km range (NEDC), cut costs up to 30% and have 50% higher volumetric density."Read full newsRead More