Stainless steel prices in China fell over the past week amid lower raw material costs and a worsening novel coronavirus (2019-nCoV) pandemic. A slump in the London Metal Exchange's nickel price was a major factor that led steelmakers to reduce their asking prices, sources said. The three-month nickel contract on the LME ended Wednesday March 25's trading session at $11,251 per tonne, down by $254-...Read More

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China's electric-arc furnace (EAF) mills have gradually raised their production rates in the past three weeks following stronger demand for steel products.But this higher output is unlikely to lower billet imports into the country, according to market sources. They expect this trade flow to persist as long as the arbitrage window stays open.Production rates for EAFs - which largely produce long st...Read More

The hot metal cost for blast furnace-based steel production in Asia reached almost $320 per tonne in February, supported by high iron ore and coking coal prices despite the onset of the novel coronavirus (2019-nCoV) pandemic in China.The high raw materials costs caused hot metal-steel spreads to reach a low of $137.98 per tonne and $110.39 per tonne for hot-rolled coil and rebar respectively even...Read More

As the science continues to evolve around the transmission of the deadly coronavirus, the 23,000 people who attended the Prospectors & Developers' Association of Canada (PDAC) convention in Toronto on March 1-4 can only watch and wait.PDAC confirmed the first case of infection on March 11, stating that an attendee had tested positive for the virus after returning to his home in Sudbury. The conven...Read More

Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating asset portfolio, sustaining projects in progress, and implementing exploration and mineral resource management initiatives. It does not include additional asset o...Read More

On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the spread of COVID-19.With governments from Africa to Latin America issuing lockdown orders, disruptions to operations and supply chains are affecting the outlook for industrial and precious metals. Most of the majors have now announc...Read More

The coronavirus pandemic "has morphed into a credit crisis and economic recession," Bank of America (B of A) outlined in its World at a Glance report released Thursday, noting that "the current sudden stop of the real economy on a global scale is unprecedented and the risk is that this crisis may end up even worse than the 2008-09 crisis," making "the market very challenging to forecast."B of A fo...Read More

DynaCERT (TSX: DYA), a Toronto-based company, has developed a technology called HydraGEN that could significantly reduce emissions by improving the performance and fuel efficiency of diesel engines used in mining machinery and equipment.The HydraGEN technology is about the size of a suitcase for use in trucks, with larger models for use in more significant mining machinery and equipment, and the c...Read More

The following is an edited report from the World Gold Council, release on March 19, 2020. For the full report visit www.gold.org.Like most asset classes, gold is being affected by the unprecedented economic and financial market conditions in play around the globe. We believe that recent volatility in the gold price has been driven by massive liquidations across all assets, and likely magnified by...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe convenience of one provider with pay-as-you-need flexibilitySPONSOREDmicromineWithin barely a few weeks, even some hitherto fervent small-government adherents have turned full circl...Read More

Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the global COVID-19 pandemic, De Beers' (51%-owned) and Mountain Province Diamonds' (TSX: MPVD; US-OTC: MPVD) (49%-owned) Gahcho Ku?(C) mine in the Northwest Territories is so far continuing to operate. However, Mountain Province has been forced to indefinitely postpone dia...Read More

BNN Bloomberg speaks to Peter Grosskopf, CEO of Sprott about gold mining M and A and why he thinks we're seeing the beginning of a wave of deal-making. He also thinks gold is on its way higher and investors should own gold right now.Read full newsRead More

...what we are now witnessing is completely unprecedented.Read full newsRead More

Glencore said Thursday its Raglan nickel and Matagami zinc operations in Quebec will be on care and maintenance for the next three weeks.Nickel from Raglan is shipped to Glencore's Sudbury op...Read full newsRead More

Delays in upgrades and expansion projects due to measures to stop the spread of covid-19 will negatively tip the scale, say experts.Read full newsRead More

Germany's Aachen Cathedral has dug out the relics of little-known Saint Corona, patron saint of resisting epidemics, from its treasure chamber and is polishing up her elaborate shrine to go on show once the coronavirus pandemic has passed.Read full newsRead More

(Bloomberg) -- From South Africa's ultra-deep mine shafts to vaults underneath London, from metals traders in New York skyscrapers to main-street sellers of coins: the global gold market is being tested like never before.The cracks are starting to show.Worldwide panic over the coronavirus outbreak andRead full newsRead More

BNN Bloomberg speaks to Peter Grosskopf, CEO of Sprott about gold mining M and A and why he thinks we're seeing the beginning of a wave of deal-making. He also thinks gold is on its way higher and investors should own gold right now.Read full newsRead More

BNN Bloomberg speaks to Peter Grosskopf, CEO of Sprott about gold mining M and A and why he thinks we're seeing the beginning of a wave of deal-making. He also thinks gold is on its way higher and investors should own gold right now.Read full newsRead More