The aluminium price on Shanghai Futures Exchange rose for a fourth consecutive day on Thursday April 16 in an active Chinese market. The aluminium front month contract on the SHFE touched a fresh one-month high of 12,110 yuan ($1,714.50) per tonne on April 16, up 150 yuan per tonne from Wednesday's close at 11,960 yuan per tonne. This followed an increase of 220 yuan per tonne the day prior,...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade. Index futures moved higher following release of economic news at 8:30 AM EDT. Consensus for March U.S. Housing Starts was a drop to 1.307 million units from 1.599 million in February. Actual was 1.216 million. Consensus for the April Philly Fed Index was a drop to -30.00 from -12.7 in Ma...Read More

China's domestic hot-rolled coil prices strengthened on Thursday April 16 after word spread that Tangshan, the country's steelmaking hub in the northern region, is set to cut steel output.DomesticEastern China (Shanghai): 3,330-3,340 yuan ($471-473) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,260 yuan per tonne, up 40 yuan per tonneTrading picked up across the country during the da...Read More

China's domestic rebar prices were flat on Thursday April 16 although futures strengthened following word that Tangshan would likely impose restrictions on blast furnaces.Eastern China (Shanghai): 3,430-3,460 yuan ($486-490) per tonne, unchangedNorthern China (Beijing): 3,430-3,460 yuan per tonne, unchangedTrading activity was stable in the morning, which kept rebar prices unchanged.Some sellers r...Read More

The three-month zinc price on the London Metal Exchange was up during morning trading on Thursday April 16, with price action supported by a fresh outflow of some 600 tonnes, while steady buying over the morning saw copper hold on to recent gains. Zinc's outright price on the LME was recently seen at $1,946 per tonne, a rise of around 0.8% from Wednesday's closing price of $1,931 per tonne. Turnov...Read More

Metals prices are in limbo this morning, Thursday April 16, while participants weigh up the stark truth that the global economy is experiencing a slump in demand with the potential for a rebound given all the monetary and fiscal stimulus being thrown at economies around the world. The combination of poor data summed up by the United States' Empire State manufacturing index falling to -78.2 in Apri...Read More

The Covid-19 pandemic has rapidly hit global electric vehicle (EV) production and sales, and so the broadly anticipated reshuffle of China's EV battery supply chain is likely to speed up in 2020. Many already believed the EV subsidy policy in China that had been scheduled to end in December 2020 would squeeze out some companies in the EV battery supply chain, including producers of precursors, cat...Read More

Key data from the Wednesday April 15 pricing session in Shanghai.Key drivers Cobalt metal price supported by steady local futures, but spot trades were limited because foreign demand for Chinese metal remains soft due to the effects of the Covid-19 pandemic.Cobalt tetroxide price stable since...Read More

Trade log for cobalt sulfate in China including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonne.The exchange rate on Wednesday April 15 at 43,000 yuan to $6,097.Wednesday April 15Price unchanged...Read More

Chinese stainless steel producers have withheld their offers since late last week and this has resulted in a recent surge in prices, multiple sources told Fastmarkets this week. Stainless steel mills including a major privately-held steelmaker resorted to a supply shock to arrest a rapid decline in prices after futile attempts to court customers with price discounts, a stainless steel trader in no...Read More

For a junior exploration company with a market capitalization of $3 million, the prospect of acquiring a gold project with a past producing mine in the U.S., where Rio Tinto (NYSE: RIO; LSE: RIO) may spend up to US$30 million to earn a 70% stake, sounds almost too good to be true.But that's exactly what American Pacific Mining (CNSX: USGD; US-OTC: USGDF) pulled off this week in an all-share deal w...Read More

First Nations in Quebec and Labrador have raised concerns about the reopening of mining operations in Quebec, fearing that movement in and out of fly-in/fly-out camps will increase transmission of the novel coronavirus into their communities.In a statement, Assembly of First Nations Quebec-Labrador (AFNQL) Chief Ghislain Picard noted that many mines in the province are located on First Nations ter...Read More

A Chilean environmental court will look into the State Defence Council's (CDE) allegations that the Escondida copper mine, the world's largest, has caused "irreparable damage" to the Punta Negra salt flat, in the northern Antofagasta region.In the lawsuit filed against the mine, majority-owned by BHP (NYSE: BHP; LSE: BHP), the government agency claims Escondida generated, between 1990 and 2017, "c...Read More

Solstice Gold (TSXV: SGC) has completed a new technical report on its Kahuna gold project, located 26 km northeast of Rankin Inlet and 15 km from Agnico Eagle Mines' (TSX: AEM; NYSE: AEM) Meliadine gold mine in the Kivalliq region of eastern Nunavut."The updated technical report validates our exploration strategy and modelling for Kahuna, and confirms it as an attractive, early-stage exploration p...Read More

Global Atomic (TSX: GLO; US-OTC: GLATF) has completed a preliminary economic assessment (PEA) for the first phase of a larger underground mine at its Dasa uranium deposit in the Republic of Niger.During the first phase, the operation would operate for 12 years and mineralization would be extracted from the high-grade Flank zone."Our development plan is a low capex route into production that uses c...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 resourcesAustralia-based junior IronRidge Resources takes big picture approach in AfricaSPONSOREDironridge resources Most frequently, scenario construction involves consideration of an attractiv...Read More

The company's mine in Red Lake is still on track for first gold production in late 2020.Read full newsRead More

Mine and project closures related to COVID-19 have begun to drive the uranium spot price higher, helping the metal break past $27 per pound.Read full newsRead More

Gold Mining Stocks' Outlook Bright on Coronavirus FearsRead full newsRead More

The company's mine in Red Lake is still on track for first gold production in late 2020.Read full newsRead More