Seaborne iron ore prices continued to dip on Tuesday August 20 amid limited buying activity.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $87.94 per tonne, down by $0.46 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $88.32 per tonne, down by $0.46 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $87.79 per tonne, d...Read More

Port Pirie smelter to be out for another 12 weeks Nyrstar announced that production at Port Pirie will be halted for 12 weeks. The smelter produced 160,000 tonnes of lead in 2018, on a pro-rata basis that suggests 36,000 tonnes could be lost, on top of the 30,000 tonnes lost in June and July when production was first suspended. With the loss of refined lead coming just before the so-called battery...Read More

Seaborne coking coal prices for premium hard coking coal materials firmed this week on continued buying activity from China. A cargo of top-quality Australian premium low-vol materials changed hands at $167.25 per tonne cfr China, with a mid-vol quality cargo changing hands at $160 per tonne cfr China, sources said on Tuesday August 20. The trades resulted in Fastmarkets' daily index for premium h...Read More

Stock rise compounds price correction pressure Nickel prices are consolidating around $16,000 per tonne after peaking at $16,690 per tonne earlier this month. The rumors that the export ban for nickel ore in Indonesia is likely to be brought forward and announced this year or in January 2020, has provided strong support to the market, but is this fully priced in now? But the tighter spreads that h...Read More

Tin prices pressured by a massive LME inflow The 3-month LME tin price tumbled to its lowest since June 2016 at $16,255 per tonne on Monday August 19, after a 1.6% sell-off last week. The resurgence of fresh shorting (reflected in the rise in open interest) was triggered by a massive net inflow of 1,580 tonnes (+33%) on August 15, the largest since December 2008. The metal was delivered into Port...Read More

Rebounds capped by macro factors Zinc prices are consolidating at the start of this week after stalling above $2,300 per tonne last week when economic data raised fresh concerns that the global economy was heading for recession, particularly in export-dominant economies such as China and Germany, while the US Treasury yield curve inverted once again. More demand woes Chinese authorities announced...Read More

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Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of  market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More

Concerns about weak economic data, geopolitical headwinds and the risk of a slow slide toward global recession are dominating market sentiment; short-term relief may come from more concerted central bank stimulus, but the real cure will only likely come from a new trade deal.Equities and bond markets will no doubt react positively to easier monetary policy, but the metals are unlikely to be hoodwi...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. Home Depot gained $4.15 to $212.10 after reporting higher than consensus second quarter earnings. McCormick dropped $1.62 to $166.94 after JP Morgan downgraded the stock to Underweight from Neutral.Baidu jumped $8.78 to $113.00 after reporting higher than consensus quarterly sales and ear...Read More

China's domestic rebar prices stopped rising on Tuesday August 20 amid a weakening of steel futures and soft demand. Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($524-528) per tonne, unchangedNorthern China (Beijing): 3,620-3,640 yuan per tonne, unchangedBuyers, having done some restocking on Monday, cut their procurement rates, which kept rebar prices from rising further, sources said. De...Read More

Base metals prices on the Shanghai Futures Exchange were broadly higher during morning trading on Tuesday August 20, with the complex benefitting from improved risk sentiment following positive signals in the ongoing trade war between China and the United States.Risk sentiment received a boost from news that the US government granted a temporary general license that permits companies in the US to...Read More

Chinese ferro-silicon prices softened this past week on weak domestic demand, while the European market similarly retreated following recent price gains after consumers remained sidelined. Chinese domestic ferro-silicon prices widen lower on weak mill demandChinese export prices hold on thin trading amid uncertainty from US-China trade negotiationsEurope market retreats after short-lived recovery...Read More

Wendy Bohrson has been named the head of the Geology and Geological Engineering Department at Colorado School of Mines.She joins Mines from Central Washington University, where she spent the past 20 years as a professor in the Department of Geological Sciences, including a four-year stint as department chair. Bohrson holds a PhD in geology from the University of California, Los Angeles and a BS i...Read More

Colorado School of Mines was ranked 23rd among public colleges in the United States and 20th in the West in the 2019 list of America's top universities by Forbes.The Forbes rankings are based on alumni salary, student satisfaction, student debt, on-time graduation rate and academic success, the last of which rewards schools for student PhD attainment, prestigious scholarships and fellowships. Forb...Read More

Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumThickened tailings deposition for closureSPONSOREDsrk consultingThe conversation is about corporate unbundling of a kind that could unlock hidden value in the...Read More

Plateau Energy Metals (TSXV: PLU) has lost its appeal to overturn a decision by the Instituto Geol??gico Minero y Metal??rgico (Ingemmet) to cancel 32 of its 149 concessions in Peru. Ingemmet is an agency under Peru's Ministry of Energy and Mines.The 32 concessions represent 231 sq. km, or less than 25% of Plateau's 930 sq. km land package in Peru. Of the 32 concessions, one affects the Falchani l...Read More

This episode features the Yukon Territorial Panel at The Northern Miner's annual Canadian Mining Symposium held at Canada House in London, U.K., earlier this year. The panel consisted of Yukon Premier Sandy Silver; Graham Downs, president and CEO of ATAC Resources; Brandon Macdonald, president and CEO of Fireweed Zinc; John McConnell, president and CEO, Victoria Gold; and Paul West-Sells, presiden...Read More

Probe Metals (TSXV: PRB) has intersected gold mineralization on its wholly-owned Val-d'Or East property, located 1.5 km west of the New Beliveau deposit in Quebec.Results from 22 followup drill holes totalling 6,210 metres in the Courvan area, released on Aug. 20, identified new gold mineralization with intercepts grading up to 6.8 grams gold per tonne at over 5 metres, including one metre of 25....Read More

Vancouver-based FireFox Gold (TSXV: FFOX) has acquired property covering 984 sq. km in the Kierinki Schist belt in northern Finland's Lapland region. The company says the two blocks, collectively known as the Kierinki project, have the geologic potential to host orogenic gold deposits.Kierinki is located 30 km from Firefox's other gold projects, which cover more than 500 sq. km in the Central Lapl...Read More