Prices for light iron scrap in the United Kingdom have been steady over the past week, extending a period of stability for the sixth consecutive week, sources told Metal Bulletin on Friday October 19.The market has been steady in line with domestic consumer demand and has garnered further support from increases in export prices to key destinations such as Turkey, although prices in the European ma...Read More

The price of shredded ferrous scrap imported into India fell this week due to reduced trading because of a festival in the country as well as continued weakness in the rupee, sources told Fastmarkets MB.Fastmarkets MB's weekly index for containerized imports of shredded scrap into India moved down to $354.42 per tonne cfr Nhava Sheva on Friday October 19, from $358.92 per tonne cfr Nhava Sheva one...Read More

The Turkish deep-sea scrap market ended the week with news of three bookings heard by Fastmarkets on Friday October 19.A steel mill in the Izmir region booked a Baltic Sea cargo for November shipment, comprising of 18,500 tonnes of HMS 1& 2 (80:20) at $327.50 per tonne, and 3,500 tonnes of bonus at $337.50 per tonne cfr. This was agreed on October 15 but did...Read More

Widespread work stoppages resulting from strike action, and interruptions to the iron ore supply chain, have paralyzed the hot-briquetted iron (HBI) industry in Venezuela, sources have told Fastmarkets recently."There has been a general work stoppage [in Bolivar state, where industry is concentrated] for the past 40 days," one source told Fastmarkets. "All plants are [closed] down, whether it is m...Read More

Qianhai Mercantile Exchange, Hong Kong Exchanges & Clearing's new onshore China commodities trading platform, started trading on Friday October 19, with a first deal for alumina concluded. Chinalco International Trade sold 3,000 tonnes of alumina to Xiamen Xiangyu Group at 3,030 yuan ($436.67) per tonne."We hope to establish fair market prices with industry customers and establish good market...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday October 19*Copper -$74.34 (-516.53 yuan) Aluminium -$445.55 (-3,095.84 yuan) Zinc -$121.56 (-844.63 yuan) Nickel $348.67 (2,422.65 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More

Prices for premium hard coking coal on an fob Australia basis ended the week 2% higher, though trading activity in the seaborne market was muted on Friday October 19.A cargo of premium mid-vol materials was offered around $218 per tonne fob Australia during the day, below the last transaction price for a shipment in the same segment, sources said. "While Chinese buyers have always paid a premium f...Read More

Base metal stocks at Shanghai Futures Exchange-approved warehouses were mostly higher with zinc recording a rise at 23% week on week as of Friday October 19, while copper stocks rose 12%. Deliverable zinc stocks rose 10,106 tonnes or 23.3% in the past week to 53,479 tonnes as of Friday.  This week, warehousing company Yuqiang in Shanghai had the most zinc stock moving to its sheds, totaling 9...Read More

China's domestic and export prices for hot-rolled coil both declined on Friday October 19 amid market participants' pessimistic outlook. DomesticEastern China (Shanghai): 4,180-4,200 yuan ($602-605) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 4,100-4,110 yuan per tonne, down 10 yuan per tonneLocal authorities in north China's steel hub of Tangshan late on Thursday released a list in...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Fastmarkets minor metals prices changed on Friday October 19:Minor metalsBismuth MB China domestic, yuan/tonne: 51,000-52,500 yuan per tonne from 52,000-53,000 yuanChromium MB free market alumino-thermic, $/tonne: $10,800-11,600 per tonne from $11,000-11,800Cobalt sulfate, Co 205% min, China ex-works adjustment to low-grade cobalt low-end price...Read More

In March, Bunker Hill Mining (CSE: BNKR) hosted a reception at Toronto's Hockey Hall of Fame, where guests lined up to pose for photographs with former Maple Leafs stars Wendel Clark and Darryl Sittler, as the retired NHL players signed their names on a stack of hockey pucks.The event was designed to generate buzz about the company at the Prospectors & Developers Association of Canada's (PDAC) ann...Read More

Futurist George Hemingway, Partner and Head of Innovation Practice at The Stratalis Group, gives a presentation on the future of mining at the 2018 Progressive Mine Forum. The conference took place on Oct. 10, 2018, at the MaRS Discovery District in Toronto and was presented by The Northern Miner and Canadian Mining Journal.Read More

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday October 19:Aluminium scrapFloated Frag: ?,?1,010-1,060 per tonne from...Read More

Gold has recovered in recent days to be up by almost 2% over the last month, despite a firmer U.S. dollar and rising interest rates weighing on the outlook for precious metals. An increasingly negative global economic outlook because of trade tensions and higher oil saw the International Monetary Fund (IMF) recently shave 0.2% off global growth forecasts with the world economy now expected to expa...Read More

The Canadian owner of this acreage will continue prospecting. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYZF:OTCQB) received from the Mexican government a geological exploration permit that allows for trenching and drilling at the San Marcial project. "San Marcial is an near-surface high-grade silver, lead and zinc project for which a historical resource estimate has been previously disclosed," the...Read More

This company continues working toward updating its mineral resource. Lola comparison mapSRG Graphite Inc. (SRG:TSX.V) recently reported the results from 162 boreholes drilled at its Lola graphite deposit in Guinea, West Africa. The highlights included:Hole LL36-262441: 50 meters (50m) at 8.92% graphitic carbon (Cg), including 48m at 10.07% CgHole LL42-112057: 10m at 8.62% Cg, including 21.4m at 1...Read More

These discoveries demonstrated up to 1 meter of 106.31 gram per ton gold. Central part of CajueiroAltamira Gold Corp. (ALTA:TSX.V; EQTRF:OTCBB) recently reported three findings from trenching at its Cajueiro project in Brazil, which was done about 300 meters (300m) north of the known Matrincha resource there. Two of the three discoveries were new high-grade, gold-bearing structures at Matrincha,...Read More

Precious metals expert Michael Ballanger discusses the bullish set-up for gold and why he believes this time is different. For the first time in months, Fido the Wonder Dog has been in my office and at the foot of my bed 24/7 for the past few days giving me great solace that the current advance in precious metals prices is here to stay. Gone are his nervous tics every time my chair squeaks or when...Read More

It’s no secret that gold mining stocks are historically cheap and have been for several years. Traditional metrics like price to cash flow and price to book value showed that gold stocks in late 2015 were at arguably their cheapest points since the start of the bull market in the 1960s. Other metrics showed gold stocks to be the cheapest since the Roosevelt administration. It has been almost...Read More